Akalaka Foundation Inc
- Assets
- $160.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Carson, CA
- Founding
- 10/2019
- Data as of
- 12/2022
- EIN
- 84-2299079
Organization Overview
Akalaka Foundation Inc is located in Carson, CA. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akalaka Foundation 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 12/2022, Akalaka Foundation Inc generated $113.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $46.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (20.6%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CONDUCTED FUNDRAISING EVENT TO RAISE FUNDS TO SUPPORT THE MISSION OF THE ORGANIZATION. OFFERED SCHOLARSHIPE TO WELL DESERVING STUDENTS, FUNDED MICRO CREDIT TO SOME WIDOWS, ASSISTED SOME POOR AND HOMELESS INDIVIDUALS WITH ACCOMODATION AND MEALS AS WELL AS PAYING HOSPITAL AND FUNERAL ARRANGEMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calista Ezeokoye President & CEO | 0 | $0 | |
Chinua Ukwuani Secretary | 0 | $0 | |
Izuchukwu Ezeonu CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,336 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $113,336 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $42,250 |
| Total expenses | $46,550 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,921 |
| Other assets | $0 |
| Total assets | $160,921 |
| Total liabilities | $0 |
| Net assets or fund balances | $160,921 |