Saharco Foundation
- Assets
- $33.5k
- Revenue
- $71.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4939811
Organization Overview
Saharco Foundation is located in Fairfax, VA. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. Saharco 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, Saharco Foundation generated $71.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 61.3% each year . All expenses for the organization totaled $59.5k during the year ending 12/2021. While expenses have increased by 33.1% per year over the past 2 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION'S ONLY ACTIVITY HAS BEEN CONTRIBUTION TOWARDS THE BUILDING OF OF A SCHOOL LIBRARY FOR THE ALMA MATA OF ITS MEMBERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Okoroafor ESQ President | 1 | $0 | |
Charles I Okorie MD Treasurer/sec | 2 | $0 | |
Aloy Ibe PHD Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,400 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $66,975 |
| Total Revenue | $71,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $3,405 |
| Other expenses | $1,760 |
| Total operating and administrative expenses | $5,565 |
| Contributions, gifts, grants paid | $53,947 |
| Total expenses and disbursements | $59,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,482 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $11,011 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $33,493 |
| Accounts payable and accrued expenses | $3,271 |
| Grants payable | $0 |
| Deferred revenue | $400 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,671 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
General Alumni Assoc Chapel Hill, NC | $118,995,183 | $8,416,070 |
North Carolina State University Alumni Association Raleigh, NC | $63,898,145 | $4,644,432 |
University Of Maryland Alumni Association Inc College Park, MD | $12,691,064 | $3,266,987 |
University Of Kentucky Alumni Association Inc Lexington, KY | $23,880,056 | $3,849,544 |
West Virginia University Alumni Association Inc Morgantown, WV | $18,753,718 | $1,910,317 |
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ Richmond, VA | $0 | $190,238 |
Virginia Commonwealth Universi ALUMNI Richmond, VA | $0 | $210,514 |
Duke Alumni Association Inc Durham, NC | $792,785 | $1,542,394 |
V M I Alumni Association Lexington, VA | $3,901,860 | $1,387,698 |
Western Kentucky University Alumni Association Inc Bowling Green, KY | $10,394,906 | $2,845,412 |
The William & Mary Alumni Association Williamsburg, VA | $17,614,016 | $1,967,274 |
Medical Alumni Association Of The University Of Maryland Inc Baltimore, MD | $3,956,640 | $1,660,288 |