Akari Foundation is located in San Antonio, TX. The organization was established in 2017. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Akari Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akari Foundation 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 12/2023, Akari Foundation generated $382.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 51.6% each year . All expenses for the organization totaled $341.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE EMPOWER AND ADVOCATE TO THE HISPANIC IMMIGRANT COMMUNITY HELP WITH RESOURCES ADVOCACY AND EDUCATION IN THE RARE DISEASES SPECIALIZING IN DUCHENNE MUSCULAR DYSTROPHY
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISPANIC COMMUNITY EDUCATION - AT AKARI WE RECOGNIZE THE IMPORTANCE OF PROVIDING THE HISPANIC COMMUNITY WITH A RELIABLE RESOURCE FOR ACCURATE MEDICAL ADVICE AND THE LATEST RESEARCH UPDATES ESPECIALLY WHEN DEALING WITH RARE DISEASES. OUR VIRTUAL EDUCATIONAL WEBINARS ARE DESIGNED TO ADDRESS THE UNMET NEEDS OF OUR COMMUNITY ENHANCING EDUCATION THAT IS OFTEN INACCESSIBLE TO THIS UNDERSERVED POPULATION. WE AIM TO BRIDGE HEALTHCARE LITERACY GAPS CAUSED BY INEQUALITY SYSTEMIC RACISM AND LANGUAGE BARRIERS WITHIN THE HEALTHCARE SYSTEM AND SOCIETY. THESE WEBINARS ARE CURATED TO BE CULTURALLY COMPETENT AND PATIENT-FOCUSED CATERING TO THE NEEDS OF FAMILIES. THEY ARE HOSTED ON ZOOM AND STREAMED LIVE ON FACEBOOK ALLOWING FAMILIES TO ASK QUESTIONS AND ENGAGE IN REAL-TIME DISCUSSIONS. EACH WEBINAR COVERS VARIOUS TOPICS INCLUDING MEDICAL ADVANCES CLINICAL TRIALS PSYCHOLOGY MENTAL HEALTH SUPPORT NUTRITION AND MORE. IN 2023 WE HOSTED 24 SPANISH-LANGUAGE WEBINARS AND A PRESENTATION BY A PHARMACEUTICAL PARTNER. OVER 1,100 INDIVIDUALS FROM THE HISPANIC COMMUNITY ACROSS 26 COUNTRIES REGISTERED TO PARTICIPATE. ATTENDEES JOINED FROM THE UNITED STATES MEXICO NEARLY EVERY COUNTRY IN LATIN AMERICA AND AS FAR AWAY AS SPAIN TURKEY AND ROMANIA. THE EDUCATIONAL VIDEOS AVAILABLE ONLINE AFTER THE LIVE EVENTS HAVE GARNERED OVER 850 ADDITIONAL VIEWS FROM 36 COUNTRIES.
FAMILY SUPPORT RESOURCES - FAMILIES NAVIGATING THE COMPLEXITIES OF CARING FOR THEIR CHILDREN OFTEN TURN TO THEIR COMMUNITY FOR SUPPORT. OUR RESOURCES PROGRAM OFFERS ASSISTANCE THROUGH PHONE CALLS TEXTS IN-PERSON MEETINGS AND OTHER NECESSARY MEANS TO HELP THOSE IN NEED. IN 2023 OUR RESOURCE PROGRAM ACCOMPLISHED THE FOLLOWING: - PROVIDED OVER 100 BACKPACKS TO NEWLY DIAGNOSED FAMILIES - OFFERED AROUND-THE-CLOCK ASSISTANCE TO 102 FAMILIES ACROSS 8 COUNTRIES - SUCCESSFULLY REFERRED 5 FAMILIES IN 33 COUNTRIES TO CLINICAL TRIALS - PROVIDED PSYCHOLOGICAL SUPPORT FREE SESSIONS WITH LICENSED PSYCHOLOGISTS TO OVER 25 FAMILIES IN 8 COUNTRIES REGARDLESS OF THE NEUROLOGICAL DISEASE. - OFFERED COMMUNITY SUPPORT AND NETWORKING FOR NEARLY 4,400 UNIQUE INDIVIDUALS WE PROVIDE FAMILIES WITH INVALUABLE GUIDANCE AND SUPPORT FROM OTHERS WHO HAVE ENCOUNTERED SIMILAR CHALLENGES. OUR PROGRAM OFFERS INFORMATION COPING STRATEGIES AND CONNECTIONS TO LEADING PHYSICIANS AND RESOURCES PROVIDED BY OUR PARTNERS. OPERATING AROUND THE CLOCK THE FAMILY RESOURCE PROGRAM ASSISTS INDIVIDUALS AND FAMILIES NAVIGATING THEIR JOURNEY WITH RARE DISEASES. WE FOCUS ENTIRELY ON SERVING OUR COMMUNITY IN SPANISH ADDRESSING TOPICS SUCH AS CARE COPING STRATEGIES CLINICAL TRIALS AND RESOURCES FROM VARIOUS ORGANIZATIONS. FAMILIES ARE PAIRED WITH COMPANIONS WHO OFFER ESSENTIAL SUPPORT BASED ON THEIR OWN EXPERIENCES.
WORKSHOPS - IN 2023 THE AKARI FOUNDATION SUPPORTED HUNDREDS OF HISPANIC FAMILIES AFFECTED BY DUCHENNE AND OTHER RARE CONDITIONS THROUGH FIVE SPANISH-LED IN-PERSON WORKSHOPS. EACH WORKSHOP WAS FREE WITH MEALS AND CHILDCARE PROVIDED ALLOWING PARENTS AND CAREGIVERS TO FULLY ENGAGE IN INVALUABLE EDUCATION NETWORKING AND ADVOCACY OPPORTUNITIES. THE AKARI IN-PERSON WORKSHOPS A UNIQUE INITIATIVE BROKE DOWN FINANCIAL LANGUAGE AND GEOGRAPHICAL BARRIERS. THIS ALLOWED FAMILIES TO MEET EXPERT PHYSICIANS SEEK MEDICAL ADVICE LEARN ABOUT CURRENT RESEARCH AND APPROVED THERAPIES AND CONNECT WITH A SUPPORTIVE COMMUNITY FOR THE FIRST TIME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anthony Williams Director | Trustee | 5 | $0 |
Matthew Beck Treasurer | Trustee | 5 | $0 |
Shvetali Thatte Secretary | Trustee | 5 | $0 |
Daniel Edwards Vice Chair | Trustee | 5 | $0 |
Luisa Leal CEO | Officer | 40 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $382,264 |
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 | $382,264 |
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 | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $69,600 |
Compensation of current officers, directors, key employees. | $6,960 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $22,600 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $11,177 |
Fees for services: Management | $0 |
Fees for services: Legal | $108 |
Fees for services: Accounting | $2,810 |
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 | $10,789 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $17,862 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $833 |
All other expenses | $0 |
Total functional expenses | $341,353 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $93,648 |
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 | $7,180 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $100,828 |
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 | $100,828 |
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 | $100,828 |