African Leadership Foundation
- Assets
- $67.0m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 09/2006
- Data as of
- 06/2022
- EIN
- 83-0425133
Organization Overview
African Leadership Foundation is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, African Leadership Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Leadership 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 06/2022, African Leadership Foundation generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $4.3m during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AFRICAN LEADERSHIP FOUNDATION IS A NON PROFIT ORGANIZATION THAT SUPPORTS TRANSFORMATIVE CHANGE IN AFRICA BY DEVELOPING AND CONNECTING THE CONTINENT'S NEXT GENERATION OF LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFRICAN LEADERSHIP FOUNDATION STAFF PROVIDED SUPPORT TO ALA GRADUATES AND MASTERCARD FOUNDATION SCHOLARS ATTENDING UNIVERSITIES ACROSS THE U.S., CANADA, AND COSTA RICA. THEY PROVIDED REGULAR ONE-ON-ONE PSYCHOSOCIAL SUPPORT TO FIRST YEAR STUDENTS AND MATCHED OVER 90% OF FRESHMEN WHO OPTED IN TO THE FIRST YEAR TRANSITION PROGRAM WITH A LOCAL HOST FAMILY. THEY MANAGED THE FRESHMAN ORIENTATION PROGRAM, OVERSEEING FRESHMEN ORIENTATIONS HOSTED AROUND THE U.S. THEY PLANNED AND EXECUTED CHAPTER EVENTS THROUGHOUT THE U.S. IN CONJUNCTION WITH THE REGIONAL CHAPTERS.LED THE ANNUAL BARAZA PROFESSIONAL DEVELOPMENT CONFERENCE, PROVIDING PROGRAMMING AND INTERNSHIP AND JOB PREPARATION FOR ALA ALUMNI AND MCF SCHOLARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Berry Gips Chair | OfficerTrustee | 3 | $0 |
Chris Bradford President | OfficerTrustee | 15 | $0 |
Euler Bropleh Treasurer | OfficerTrustee | 3 | $0 |
Queen Quinn Director | Trustee | 3 | $0 |
Sneha Shah Director | Trustee | 1 | $0 |
Scott Eisner Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $44,100 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,626,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,670,154 |
| Total Program Service Revenue | $0 |
| Investment income | $1,359 |
| 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 | $7,938,510 |
| 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 | $3,875,429 |
| 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 | $179,731 |
| Pension plan accruals and contributions | $7,917 |
| Other employee benefits | $31,363 |
| Payroll taxes | $14,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $77,365 |
| Advertising and promotion | $0 |
| Office expenses | $20,734 |
| Information technology | $12,243 |
| Royalties | $0 |
| Occupancy | $32,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,025 |
| All other expenses | $0 |
| Total functional expenses | $4,299,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $235,604 |
| Savings and temporary cash investments | $4,146,641 |
| Pledges and grants receivable | $549,000 |
| 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 | $62,050,283 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,100 |
| Total assets | $67,024,628 |
| Accounts payable and accrued expenses | $6,054 |
| 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 | $11,995,804 |
| Total liabilities | $12,001,858 |
| Net assets without donor restrictions | $722,633 |
| Net assets with donor restrictions | $54,300,137 |
| 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 | $67,024,628 |