Trustafrica
- Assets
- $12.4m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 19
- Location
- Washington, DC
- Founding
- 07/2005
- Data as of
- 03/2022
- EIN
- 20-3074517
Organization Overview
Trustafrica is located in Washington, DC. The organization was established in 2005. 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 03/2022, Trustafrica employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trustafrica 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 03/2022, Trustafrica generated $7.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $2.6m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (12.5%) per year over the past 7 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
CIVIL SOCIETY AND DEMOCRACY - SEE ATTACHMENT
EQUITABLE DEVELOPMENT - SEE ATTACHMENT.
AFRICAN PHILANTHROPY AND ADVISORY SERVICES - SEE ATTACHMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ebrima Sall Executive Dir. | Officer | 40 | $143,981 |
Issa Diouf Finance Manager | Officer | 40 | $94,814 |
Coumba Toure Chairperson | OfficerTrustee | 1 | $0 |
Tade Aina Trustee | Trustee | 1 | $0 |
Abdoulie Janneh Trustee | Trustee | 1 | $0 |
Sibongile Mkhabela Trustee | Trustee | 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 | $7,014,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,014,132 |
| Total Program Service Revenue | $0 |
| Investment income | $270,580 |
| 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 | $7,286,192 |
| 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 | $407,705 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $307,651 |
| Compensation of current officers, directors, key employees. | $245,946 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $495,263 |
| Pension plan accruals and contributions | $33,086 |
| Other employee benefits | $30,098 |
| Payroll taxes | $94,089 |
| Fees for services: Management | $399,937 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,183 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,284 |
| Fees for services: Other | $144,973 |
| Advertising and promotion | $0 |
| Office expenses | $38,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,315 |
| Travel | $84,571 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $342,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,072 |
| Insurance | $5,573 |
| All other expenses | $0 |
| Total functional expenses | $2,606,437 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $961,354 |
| Savings and temporary cash investments | $6,973,176 |
| Pledges and grants receivable | $3,604,135 |
| 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 | $7,848 |
| Net Land, buildings, and equipment | $776,339 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,095 |
| Total assets | $12,406,947 |
| Accounts payable and accrued expenses | $201,408 |
| Grants payable | $64,085 |
| 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 | $265,493 |
| Net assets without donor restrictions | $0 |
| 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 | $12,141,454 |
| Total liabilities and net assets/fund balances | $12,406,947 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Trustafrica has recieved totaling $207,500.
| Awarding Organization | Amount |
|---|---|
Black Lives Matter Foundation Inc Oakland, CA PURPOSE: TO CONDUCT ACTIVITIES TO EDUCATE AND SUPPORT BLACK COMMUNITIES | $200,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Youth Foundation Baltimore, MD | $31,725,558 | $21,248,898 |
Pact Institute Inc Washington, DC | $0 | $11,207,181 |
Partners Of The Americas Inc Washington, DC | $22,913,584 | $16,687,206 |
Tostan Inc Alexandria, VA | $25,433,067 | $32,796,076 |
International Center For Not-For- Profit Law Inc Washington, DC | $15,560,023 | $17,726,156 |
Pyxera Global Inc Washington, DC | $10,443,192 | $11,837,673 |
Grameen Foundation Usa Washington, DC | $9,173,315 | $10,651,686 |
United States Energy Association Inc Washington, DC | $6,320,815 | $9,749,821 |
Partnersglobal Washington, DC | $1,900,053 | $8,394,776 |
Advocates For Youth Washington, DC | $11,942,628 | $9,825,942 |
Christian Blind Mission International Inc Washington, DC | $7,095,410 | $7,862,052 |
Sudan Relief Fund Inc Washington, DC | $6,045,228 | $7,937,721 |