African Agricultural Technology Foundation
- Assets
- $21.0m
- Revenue
- $13.6m
- Investments
- $1.2m
- Employees
- 48
- Location
- Founding
- 04/2006
- Data as of
- 12/2022
- EIN
- 98-0459537
Organization Overview
African Agricultural Technology Foundation is located in null. The organization was established in 2006. According to its NTEE Classification (Q31) the organization is classified as: International Agricultural Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, African Agricultural Technology Foundation employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Agricultural Technology 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 12/2022, African Agricultural Technology Foundation generated $13.6m 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 (5.5%) each year. All expenses for the organization totaled $13.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TELA MAIZE PROJECT HAS AGRICULTURAL AND RESEARCH ACTIVITIES BEING UNDERTAKEN IN KENYA, UGANDA, TANZANIA, MOZAMBIQUE, SOUTH AFRICA, ETHIOPIA, NIGERIA, MEXICO AND USA.
THE OPEN FORUM FOR AGRICULTURAL BIOTECHNOLOGY (OFAB) CURRENTLY UNDERTAKES ACTIVITIES IN KENYA, UGANDA, TANZANIA, NIGERIA, GHANA, BURKINA FASO, ETHIOPIA, RWANDA, MALAWI AND MOZAMBIQUE.
THE PODBORER RESISTANT COWPEA PROJECT ACTIVITIES ARE UNDERTAKEN IN NIGERIA, GHANA, BURKINA FASO, AUSTRALIA AND USA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Canisius Kanangire Executive Director | OfficerTrustee | 37.5 | $259,290 |
Emmanuel Okogbenin Director Programme Development | Officer | 37.5 | $210,348 |
Sofia Tesfazion Director Resource Mobilization | Officer | 37.5 | $208,910 |
Peter Mugambi Director Corporate Services | Officer | 37.5 | $195,319 |
Sylvester Oikeh Project Manager Tela | 37.5 | $193,423 | |
George Marechera Agribusiness Development Mana | 37.5 | $184,813 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ethiopian Institute Of Agricultural Tela & Ofab | 12/30/22 | $306,180 |
Qualibasic Seed Company Ltdkenyaq Qbs Production | 12/30/22 | $450,000 |
Council For Scientific And Indus R Ofab & Cowpea | 12/30/22 | $226,223 |
International Maize And Wheat Tela Project Rese. | 12/30/22 | $510,509 |
Ecobasic Seed Company Limited Product.,processing | 12/30/22 | $1,210,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,387,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,183,935 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,571,451 |
| Total Program Service Revenue | $0 |
| Investment income | $594,525 |
| 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 | $13,578,217 |
| 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 | $4,342,693 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,343,809 |
| Compensation of current officers, directors, key employees. | $267,106 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,075,152 |
| Pension plan accruals and contributions | $212,836 |
| Other employee benefits | $419,596 |
| Payroll taxes | $0 |
| Fees for services: Management | $216,313 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $882,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $629,611 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,253,780 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,218 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,465,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,870,191 |
| Savings and temporary cash investments | $13,727,750 |
| Pledges and grants receivable | $343,191 |
| Accounts receivable, net | $1,076,262 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $629,002 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $157,995 |
| Net Land, buildings, and equipment | $230,089 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,240,701 |
| Investments—program-related | $0 |
| Intangible assets | $720,921 |
| Other assets | $0 |
| Total assets | $20,996,102 |
| Accounts payable and accrued expenses | $1,128,222 |
| Grants payable | $8,240,000 |
| Deferred revenue | $112,591 |
| 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 | $876,353 |
| Total liabilities | $10,357,166 |
| Net assets without donor restrictions | $10,638,936 |
| Net assets with donor restrictions | $0 |
| 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 | $20,996,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|