Africaid Inc
- Assets
- $1.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 4
- Location
- Denver, CO
- Founding
- 03/2001
- Data as of
- 12/2021
- EIN
- 84-1549841
Organization Overview
Africaid Inc is located in Denver, CO. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2021, Africaid Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Africaid 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, Africaid Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $812.5k during the year ending 12/2021. While expenses have increased by 8.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
AFRICAID SUPPORTS GIRLS' EDUCATION AND MENTORING PROGRAMS IN TANZANIA THROUGH ITS SISTER ORGANIZATION, GLAMI, A FULLY INDEPENDENT ENTITY WITH ITS OWN GOVERNING BOARD AND STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KISA PROJECT IS A TWO-YEAR LEADERSHIP COURSE LED LOCALLY IN TANZANIA BY GLAMI. THE PROGRAM PREPARES GIRLS IN THEIR LAST TWO YEARS OF SECONDARY SCHOOL TO ATTEND UNIVERSITY AND CREATE POSITIVE SOCIAL CHANGE IN THEIR COMMUNITIES. IN 2021, 98% OF KISA SCHOLARS PASSED THE EXAM REQUIRED TO CONTINUE TO TERTIARY EDUCATION. AFRICAID HAS HISTORICALLY BEEN KISA'S PRIMARY FUNDING SOURCE, BUT GRANTORS HAVE INCREASINGLY PROVIDED FUNDING DIRECTLY TO GLAMI, UNDERSCORING THE STRENGTH OF THIS PROGRAMMING AND HOW IT IS MANAGED BY LOCAL LEADERSHIP. HOWEVER, AS THE MAIN FUNDRAISING ARM FOR BOTH ORGANIZATIONS, AFRICAID ABSORBS THE MAJORITY OF FUNDRAISING AND ADMINISTRATIVE EXPENSES ASSOCIATED WITH THE GRANTS, WHICH UNFAVORABLY SKEWS AFRICAID'S FUNCTIONAL EXPENSE RATIOS.
BINTI SHUPAVU IS A FOUR-YEAR LIFE SKILLS COURSE LED LOCALLY IN TANZANIA BY GLAMI FOR LOWER SECONDARY SCHOOL GIRLS COVERING TOPICS SUCH AS STUDY SKILLS, PERSONAL LEADERSHIP, HEALTH, AND SELF-CONFIDENCE. IT IS TAILORED TO ADDRESS KEY CHALLENGES THAT LEAD TO HUNDREDS OF THOUSANDS OF VULNERABLE GIRLS DROPPING OUT OF SECONDARY SCHOOL EACH YEAR, WITH THE GOAL OF INCREASING THEIR GRADUATION RATES. LIKE KISA PROJECT, BINTI SHUPAVU HAS BEEN PARTIALLY FUNDED BY GRANTS MADE DIRECTLY TO GLAMI, WHILE AFRICAID ABSORBS THE ADDED COSTS OF FUNDRAISING AND ADMINISTRATION OF THESE GRANTS.
IN ADDITION TO KISA PROJECT AND BINTI SHUPAVU, AFRICAID SUPPORTS A HANDFUL OF SMALLER LEGACY PROGRAMS THAT PROVIDE EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN TANZANIA. AFRICAID PROVIDES SCHOLARSHIPS FOR STUDENTS IN SECONDARY SCHOOL AND UNIVERSITY AND FUNDS A SCHOOL LUNCH PROGRAM FOR A PRIMARY SCHOOL IN A RURAL MAASAI COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Love Executive Di | Officer | 40 | $100,000 |
Erin Saade President | OfficerTrustee | 3 | $0 |
Michael Eber Secretary | OfficerTrustee | 3 | $0 |
Tom Leonard Treasurer | OfficerTrustee | 3 | $0 |
Katie Flanagan Vice Preside | OfficerTrustee | 3 | $0 |
Ashley Carter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,169 |
| Related organizations | $0 |
| Government grants | $30,704 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,266,275 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,349,148 |
| Total Program Service Revenue | $0 |
| Investment income | $116 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,926 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $12,977 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,355,345 |
| 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 | $528,100 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,000 |
| Compensation of current officers, directors, key employees. | $32,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,952 |
| Pension plan accruals and contributions | $1,360 |
| Other employee benefits | $0 |
| Payroll taxes | $15,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,699 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,252 |
| Advertising and promotion | $3,416 |
| Office expenses | $9,222 |
| Information technology | $8,231 |
| Royalties | $0 |
| Occupancy | $12,720 |
| Travel | $425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,944 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,707 |
| All other expenses | $0 |
| Total functional expenses | $812,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,160 |
| Savings and temporary cash investments | $696,872 |
| Pledges and grants receivable | $174,322 |
| 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 | $1,060 |
| 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 | $1,216,414 |
| Accounts payable and accrued expenses | $10,858 |
| 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 | $10,858 |
| Net assets without donor restrictions | $1,031,234 |
| Net assets with donor restrictions | $174,322 |
| 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 | $1,216,414 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Africaid Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
James B Kisgen Foundation Fair Oaks, TX PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robert B Daugherty Foundation Omaha, NE | $895,599,209 | $80,372,150 |
American Charter Schools Foundation Phoenix, AZ | $87,939,377 | $45,500,400 |
Foundation For Educational Services Inc Lincoln, NE | $9,496,243 | $19,971,650 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Envision Xpress Inc Wichita, KS | $21,582,294 | $13,602,741 |
Nmc Inc Los Alamos, NM | $8,318,653 | $11,151,295 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Friends Of Guadalupe Salt Lake City, UT | $991,216 | $160,574 |
Rockley Family Foundation Inc Golden, CO | $1,094,070 | $6,767,758 |
Castle Rock Lifelong Learning Center Castle Rock, CO | $14,698,293 | $9,801,652 |