African Enterprise
- Assets
- $603.0k
- Revenue
- $330.6k
- Investments
- $0.0
- Employees
- 3
- Location
- Spokane, WA
- Founding
- 06/1964
- Data as of
- 12/2023
- EIN
- 95-2275044
Organization Overview
African Enterprise is located in Spokane, WA. The organization was established in 1964. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, African Enterprise employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Enterprise 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, African Enterprise generated $330.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $291.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 8 years. 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
AFRICAN ENTERPRISE EXISTS TO EVANGELIZE THE CITIES OF AFRICA THROUGH WORD AND DEED IN PARTNERSHIP WITH THE CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AEI/TEAM SUPPORT - COVERS THE COSTS MINISTRY STAFF IN THE COUNTRIES IN WHICH THE ORGANIZATION OPERATES.
STRATIFIED EVANGELISM AND DISCIPLESHIP - CITYWIDE EVANGELISTIC MISSIONS CARRIED OUT IN PARTNERSHIP WITH LOCAL CHURCHES IN MAJOR CITIES ACROSS AFRICA.
COMMUNITY TRANSFORMATION - UPLIFTMENT PROJECTS THAT TEACH JOB SKILLS AND EDUCATE PEOPLE AS TO SAVING, BUDGETING, AND RUNNING THEIR OWN BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Morrison Executive Director | OfficerTrustee | 40 | $100,000 |
Remi Lawanson Director | Trustee | 1 | $0 |
Jenn Graffius Director | Trustee | 1 | $0 |
Dena Goodman Secretary | OfficerTrustee | 1 | $0 |
Wayne Herman Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $309,676 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,676 |
| Total Program Service Revenue | $4,513 |
| Investment income | $16,426 |
| 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 | $330,615 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $17,263 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,735 |
| Advertising and promotion | $575 |
| Office expenses | $5,509 |
| Information technology | $1,728 |
| Royalties | $0 |
| Occupancy | $2,700 |
| Travel | $2,328 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299 |
| Insurance | $1,255 |
| All other expenses | $217,105 |
| Total functional expenses | $291,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $72,039 |
| Pledges and grants receivable | $0 |
| 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 | $750 |
| Net Land, buildings, and equipment | $748 |
| Investments—publicly traded securities | $529,490 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $603,027 |
| Accounts payable and accrued expenses | $7,320 |
| 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 | $7,320 |
| Net assets without donor restrictions | $588,725 |
| Net assets with donor restrictions | $6,982 |
| 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 | $603,027 |