Ethiopian Impact Inc
- Assets
- $315.2k
- Revenue
- $246.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Stanford, KY
- Founding
- 09/2018
- Data as of
- 12/2021
- EIN
- 82-2471415
Organization Overview
Ethiopian Impact Inc is located in Stanford, KY. The organization was established in 2018. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ethiopian Impact Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ethiopian Impact Inc generated $246.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $294.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE SOCIOECONOMIC CONDITIONS OF DESTITUTE CHILDREN AND YOUTH IN ADDIS ABABA THROUGH HOLISTIC SOCIOECONOMIC SUPPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UPON ACCEPTANCE BY THE IRS AS A 501(C)(3) ENTITY DURING 2017 FUNDRAISING PROGRAMS COMMENCED TO ACCUMULATE DONATIONS TO PROVIDE MENTORSHIP FOR CHILDREN LIVING ON THE STREET OR FROM DESTITUTE FAMILIES. THREE CENTERS IN ADDIS ABBABA ARE USED TO PROVIDE THESE SERVICES. THE HOPE CENTER PROVIDES FULL-TIME HOUSING, EDUCATION, MENTORSHIP, VOCATIONAL TRAINING FOR BOYS WHO ARE LIVING ON THE STREET. EACH YEAR A NEW GROUP OF 8-12 BOYS START THE ONE-YEAR PROGRAM. SHALOM CENTER AND THE IMPACT LIBRARY PROVIDE MENTORSHIP AND EDUCATIONAL OPPORTUNITIES TO ABOUT 25-30 CHILDREN AT EACH SITE. THESE CHILDREN ARRIVE TO THE CENTERS AFTER SCHOOL, RECEIVE A MEAL, HOMEWORK ASSISTANCE AND SPIRITUAL DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Correll President | OfficerTrustee | 5 | $0 |
Terri Richer Director | OfficerTrustee | 5 | $0 |
Brett Johnson Treasurer | OfficerTrustee | 5 | $0 |
Amy Hines Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,438 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $246,438 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $246,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $270,885 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,179 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $731 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $528 |
| Information technology | $2,221 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,690 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $6,546 |
| Total functional expenses | $294,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,242 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $315,242 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $315,242 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $315,242 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ethiopian Impact Inc has recieved totaling $188,539.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $158,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,339 |
Milagros Foundation Mckinney, TX PURPOSE: SCHOLARSHIP AND DISCIPLESHIP TRAINING FOR STUDENTS IN ETHIOPIA | $14,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Blessing International Relief & Development Corp Virginia Beach, VA | $46,516,514 | $96,480,836 |
Blumont Global Development Inc Arlington, VA | $10,315,810 | $52,380,007 |
Christian Relief Services Charities Inc Alexandria, VA | $4,032,952 | $38,457,221 |
Lifesong For Orphans Inc Gridley, IL | $55,071,126 | $40,755,637 |
Christian Relief Services Charities Inc Alexandria, VA | $1,058,086 | $23,184,836 |
Blumont International Inc Arlington, VA | $12,865,572 | $19,569,982 |
Nph-Usa Chicago, IL | $9,523,398 | $16,657,427 |
Gleaning For The World Inc Concord, VA | $12,160,365 | $11,390,037 |
Coptic Orphans Support Association Merrifield, VA | $53,399,454 | $18,274,988 |
One Collective Nfp Elgin, IL | $3,863,320 | $13,470,210 |
Nascent Solutions Inc Alexandria, VA | $4,533,019 | $10,643,568 |
Good News In Action Inc Sidney, OH | $1,401,234 | $9,131,841 |