Aidak
- Assets
- $48.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 12/2019
- Data as of
- 12/2023
- EIN
- 84-2300465
Organization Overview
Aidak is located in Bethesda, MD. The organization was established in 2019. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aidak 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, Aidak generated $88.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 41.4% each year . All expenses for the organization totaled $141.2k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
AIDAK FOUNDATION PROVIDES SCHOLARSHIPS TO ELIGIBLE STUDENTS IN SIERRA LEONE, GRANTS TO SMALL BUSINESS OWNERS, AND MONTHLY FINANCIAL SUPPORT TO ELIGIBLE INDIVIDUALS AND FAMILIES WHO MEET THE CRITERIA AS OUTLINED IN THE FOUNDATION REQUIREMENT. THE FOUNDATION ALSO COVERS MEDICAL COST FOR EMERGENCY MEDICAL CARE FOR INDIVIDUALS AND FAMILIES WITH LOW OR NO INCOME. THE FOUNDATION IS CURRENTLY WORKING ON ERECTING A BUILDING THAT WILL BE USED AS A TRAINING CENTER FOR ASPIRING ENTERPRENEURS. AIDAK RECEIVED DONATED GOODS THAT INCLUDED LAPTOPS, CELL PHONES, PRINTERS, FURNITURE, CLOTHING, MOTOR VEHICLE, BOOKS, HOUSEHOLD EQUIPMENTS, ELECTRONIC GADGETS, KITCHEN APPLIANCES, TOYS, MEDICAL SUPPLIES, AND OTHER SUPPLIES FROM HOLY CROSS HOSPITAL, SUBURBAN HOSPITAL, DR. KADIA BUNDU AND MR CHINYA HARLESTON. THE MONETARY VALUE TO THESE GOODS TOTALED $32,910. ALL OF THESE ITEMS WERE SHIPPED TO SIERRA LEONE AND DISTRIBUTED AMONG FAMILIES IN NEED, INDIVIDUALS AND MEDICAL CENTERS.
Describe the Organization's Program Activity:
Part 3
IN 2022, AIDAK FOUNDATION PROVIDED SCHOLARSHIP FOR 10 OUTSTANDING STUDENTS RANGING FROM AGE 6 TO 32 IN SIERRA LEONE, PAID FOR MEDICAL SERVICES FOR INDIVIDUALS AND FAMILIES, AND PROVIDED MONTHLY SUPPORT STRUGGLING FAMILIES.
IN 2022, AIDAK FOUNDATION ACQUIRED LAND AND STARTED A BUILDING PROJECT TO ACCOMODATE THE RUNNING OF THE PROGRAM IN SIERRA LEONE.
THE AIDAK FOUNDATION COLLECTED, SHIPPED AND DISTRIBUTED MEDICAL SUPPLIES TO THE OPERATING THEATER AT THE BO GOVERNMENT HOSPITAL AND OTHER RURAL CLINICS IN THE SOUTHERN PROVINCE REGION OF SIERRA LEONE. THE FOUNDATION ALSO PURCHASED, COLLECTED, SHIPPED AND DISTRIBUTED HOUSEHOLD APPLIANCES, CLOTHING, ELECTRONICS, MEDICAL EQUIPMENTS, MOTOR VEHICLE, FURNITURE, AND OTHER ITEMS THAT WERE DONATED TO THE FOUNDATION, TO INDIVIDUALS AND FAMILIES IN SIERRA LEONE.
THE AIDAK FOUNDATION PROVIDED MAINTAINED AN OFFICE SPACE AND PAID FOR OCCUPANCY IN FREETOWN FOR THE ORGANIZATION, COVERED TRAVEL EXPENSES FOR ITS OFFICERS TO FREETOWN, PAID SALARIES FOR ORGANIZERS IN SIERRA LEONE, AND PAID FOR OTHER OFFICE EXPENSES INCLUDING EQUIPMENT AND BILLS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Claudius Koiva Zorokong Board Member | 20 | $2,542 | |
Kadia Bundu President | 15 | $0 | |
Abu Hassan Koroma Vice President | 2 | $0 | |
Mariama Koroma Secretary | 1 | $0 | |
Emma Jasabe Board Member | 2 | $0 | |
Yayah Totangi Board Member | 10 | $763 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,729 |
| 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 | $88,729 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,678 |
| Professional fees and other payments to independent contractors | $378 |
| Occupancy, rent, utilities, and maintenance | $10,400 |
| Printing, publications, postage, and shipping | $1,358 |
| Other expenses | $57,331 |
| Total expenses | $141,199 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,010 |
| Other assets | $0 |
| Total assets | $48,010 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,010 |