Education Matters Africa Foundation
- Assets
- $1.8m
- Revenue
- $574.6k
- Investments
- $0.0
- Employees
- 0
- Location
- North Haven, CT
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-4727381
Organization Overview
Education Matters Africa Foundation is located in North Haven, CT. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education Matters Africa 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 12/2021, Education Matters Africa Foundation generated $574.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.8%) each year. All expenses for the organization totaled $376.1k 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
EDUCATION MATTERS MATCHES TALENT WITH OPPORTUNITY. YOUTH HOLD THE KEYS TO THE ENTIRE FUTURE, AND WE ARE HERE TO HELP MOTIVATED STUDENTS REALIZE THEIR DREAMS. WE BELIEVE THAT THERE ARE MANY DETERMINED AND TALENTED STUDENTS WHO LACK ONLY FINANCIAL RESOURCES AND INFORMATION TO BETTER THEIR FINANCIAL FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE UNITED STATES ACHIEVERS PROGRAM (USAP) IS A COLLEGE ACCESS PROGRAM WHICH ASSISTS HIGHLY-TALENTED AND DETERMINED, ECONOMICALLY-DISADVANTAGED ADVANCED LEVEL STUDENTS TO NEGOTIATE AND FINANCE THE ADMISSIONS PROCESS FOR INTERNATIONAL COLLEGES AND UNIVERSITIES WITH THE AID OF PRODUCING HIGHLY-SKILLED AND WIDELY EDUCATED LEADERS TO BUILD A TOMORROW'S ZIMBABWE. USAP BEGAN AS A PART OF EDUCATIONUSA IN 1999 AND ALSO HAS PROGRAMS IN MALAWI, MONGOLIA AND UGANDA. USAP TRANSFORMED INTO THE USAP COMMUNITY SCHOOL IN JANUARY 2020, A RESIDENTIAL 11TH AND 12TH GRADE (A LEVEL) SCHOOL THAT EDUCATES HIGH-ACHIEVING, LOW-INCOME ZIMBABWEAN STUDENTS TO EXCEL AT THE WORLD'S TOP UNIVERSITIES AND RETURN HOME TO BUILD SOCIETY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Bruce Wharton Chair | OfficerTrustee | 3 | $0 |
Brian Bejile Treasurer | OfficerTrustee | 3 | $0 |
Ann Kuhlman Secretary | OfficerTrustee | 3 | $0 |
Lois Mufuka Martin Board Member | Trustee | 2 | $0 |
Ronald Mutasa Board Member | Trustee | 2 | $0 |
Rungano Nyambuya Board Member | Trustee | 2 | $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 | $574,469 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $574,469 |
| Total Program Service Revenue | $0 |
| Investment income | $168 |
| 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 | $574,637 |
| 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 | $353,899 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,135 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $45 |
| Total functional expenses | $376,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,843,905 |
| 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 | $1,843,905 |
| 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 | $1,843,905 |
| 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 | $1,843,905 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Education Matters Africa Foundation has recieved totaling $203,571.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $160,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,679 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $10,100 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $8,792 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uncommon Schools Inc New York, NY | $293,550,038 | $84,601,875 |
Amsterdam House Continuing Care Retirement Community Inc Port Washington, NY | $223,728,704 | $36,044,280 |
Sponsors For Educational Opportunity Inc New York, NY | $71,324,699 | $43,724,114 |
The Achievement Network Ltd Boston, MA | $23,559,572 | $30,118,976 |
Leadership For Educational Equity New York, NY | $8,736,194 | $32,582,451 |
Foundation For City College New York, NY | $332,549,861 | $102,453,904 |
Saga Innovations Framingham, MA | $30,229,601 | $39,236,690 |
Transcend Inc Hastingsonhudson, NY | $40,245,682 | $36,384,149 |
The Baruch College Fund New York, NY | $295,690,612 | $67,294,185 |
S&p Global Foundation New York, NY | $10,276,249 | $7,071,664 |
Workforce Outsource Services Inc Uniondale, NY | $10,340,814 | $13,464,902 |
North Star Academy Foundation Inc New York, NY | $177,913,521 | $11,304,915 |