Aya Foundation
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- Data as of
- 12/2023
- EIN
- 85-2802236
Organization Overview
Aya Foundation is located in Denver, CO. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, 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. Aya 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 12/2023, Aya Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD AN ECONOMIC REVOLUTION BY SUPPORTING MEMBERS OF THE BLACK COMMUNITY BUILD THEIR WEALTH THROUGH ACCESS TO EDUCATION, TRAINING, NETWORKS, AND FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NEW COMMUNITY TRANSFORMATION FUND, THE FIRST VENTURE CAPITAL FUND ESTABLISHED IN COLORADO TO SERVE PRIMARILY BIPOC ENTREPRENEURS CONTINUED TO MAKE GREAT STRIDES THROUGH 2023. UTILIZING THEIR PHILANTHROPIC DOLLARS, THE FUND WAS ABLE TO SCALE OPERATIONS WITH A FULL TEAM (FUND MANAGER, CHIEF OF STAFF, EXECUTIVE ASSISTANT AND OPERATIONS DIRECTOR). THE FUND SET UP INFRASTRUCTURE SYSTEMS TO REFER FOUNDERS TO THE SUPPORT THEY NEEDED. THROUGH OUR PARNTERSHIP WITH THE NCTF/COLLECTIVE FOR THE ADVANCEMENT OF BIPOC BUSINESSES WE WERE ABLE TO SUPPORT MORE THAN 20 ENTREPRENEURS.
OTHER FISCAL SPONSORSHIPS
AYA FOUNDATION'S GRANTMAKING PROGRAM MADE SIGNIFICANT STRIDES IN 2023. WE AWARDED $177,000 START UP BUSINESS GRANTS AND $25,000 IN REFUNDABLE GRANTS TO 9 ENTREPRENUERS TO SUPPORT BUSINESS GROWTH AND START UP COSTS. GRANTEES REPRESENT A WIDE RANGE OF INDUSTRIES (SERVICE, CONSUMER PRODUCTS, AND TECH).
TO LEAD AN ECONOMIC REVOLUTION BY SUPPORTING MEMBERS OF THE BLACK COMMUNITY BUILD THEIR WEALTH THROUGH ACCESS TO EDUCATION, TRAINING, NETWORKS, AND FUNDING. IN 2023 THE FOUNDATION SUPPORTED 91 ENTREPRENEURS WITH 509 IN-DEPTH TOUCHPOINTS. THREE ENTREPRENEUR EVENTS TO INCREASE THE NETWORKING AND SOCIAL CAPITAL OF BUSINESS OWNERS WERE HOSTED. 41 ENTREPRENEURS COMPLETED JUMP START MY BUSINESS BOOTCAMP. WE SERVED 14 ENTREPRENEURS THROUGH DIRECT BUSINESS COACHING, 10 ENTREPRENEURS RECEIVED BOOKKEEPING SUPPORT SERVICES, AND 46 INDIVIDUALS RECEIVED PERSONALIZED CONNECTIONS TO BUSINESS SUPPORT (LEGAL, MARKETING, BUSINESS DEVELOPMENT CONNECTIONS, BUSINESS PLANNING AND BUSINESS FINANCE PLANNING AND MORE).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jicelyn Johnson Board President | OfficerTrustee | 0.5 | $0 |
Avi Aliyu Treasurer | OfficerTrustee | 0.5 | $0 |
Chris Daehnick Secretary | OfficerTrustee | 0.5 | $0 |
Hanifah Chiku Board Member | Trustee | 0.5 | $0 |
Annita Menogan Board Member | Trustee | 0.5 | $0 |
Wil Alston Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,002,134 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,172,134 |
| Total Program Service Revenue | $107,184 |
| Investment income | $2,141 |
| 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 | $1,281,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $177,071 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $167,411 |
| Compensation of current officers, directors, key employees. | $26,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $41,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,658 |
| Payroll taxes | $17,662 |
| Fees for services: Management | $46,583 |
| Fees for services: Legal | $161,144 |
| Fees for services: Accounting | $38,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,128 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $149,293 |
| Advertising and promotion | $10,247 |
| Office expenses | $35,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,984 |
| Travel | $10,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,086 |
| All other expenses | $11,185 |
| Total functional expenses | $1,111,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,249 |
| Savings and temporary cash investments | $100,917 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $213,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $16,382 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,788 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $850 |
| Total assets | $1,250,454 |
| Accounts payable and accrued expenses | $59,891 |
| 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 | $59,891 |
| Net assets without donor restrictions | $584,952 |
| Net assets with donor restrictions | $605,611 |
| 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 | $1,250,454 |
Grants Awarded
Over the last fiscal year, Aya Foundation has awarded $173,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CARGARI LLC PURPOSE: ADVERTISING DEVELOPMENT AND PLACEMENT COSTS. | $20,000 |
GLO KNOWS UNLIMITED GLORIA NEAL PURPOSE: WEBSITE DEVELOPMENT AND BRANDING FOR ORGANIZATION. | $7,500 |
GREATER PURPOSE MEDIA PURPOSE: FOR STATE REQUIRED SPECIALIZED TAX PREPARATION SOFTWARE FOR GREATER PURPOSE MEDIA. | $6,000 |
QUEENS GATE LLC PURPOSE: DEVELOP WOMEN'S HEALTH AND WELLNESS SOFTWARE APPLICATION. | $10,000 |
FOUND MY KEYS LLC PURPOSE: CAPITAL PURCHASE AND RELATED FOR CAR SERVICE BUSINESS. | $10,000 |
WILD BOYD FARM LLC PURPOSE: PURCHASE LIVESTOCK FOR REGENERATIVE FARM. | $20,000 |