Team Africa Rising Inc
- Assets
- $340.4k
- Revenue
- $475.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Aspen, CO
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 27-3113955
Organization Overview
Team Africa Rising Inc is located in Aspen, CO. The organization was established in 2011. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Team Africa Rising Inc 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, Team Africa Rising Inc generated $475.3k 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 (12.0%) each year. All expenses for the organization totaled $278.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND TRAINING OF ADULTS IN CYCLING TO HELP THEM COMPETE IN NATIONAL AND INTERNATIONAL COMPETITIONS, INCLUDING BUT NOT LIMITED TO THE OLYMPICS, WHILE INSTRUCTING YOUTH IN AMATEUR CYCLING FUNDAMENTALS THROUGHOUT AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEAM AFRICA RISING (TAR) SUCCESSFULLY PROCURED AND DISTRIBUTED 70 TRAINERS INTO 7 COUNTRIES IN AFRICA. THESE TRAINERS HELPED LAUNCH PROFESSIONAL CAREERS FOR GRAVEL CYCLISTS IN KENYA, UGANDA AND RWANDA AND PLACED TWO RWANDANS WITH SEMI PROFESSIONAL TEAM IN FRANCE. DUE TO ONGOING FALLOUT OF COVID-19, TAR CONTINUED INVESTING IN VIRTUAL TRAINING AND RACING AND AS COUNTRIES OPEN UP, SENDING COACHES AND TRAINERS INTO THESE COUNTRIES TO ESTABLISH MORE CONTINENTAL WIDE VIRTUAL RACES AND A DATABASE OF PROMISING TALENT TO MOVE UP TO THE PROFESSIONAL LEVEL.THIS PLATFORM AND TALENT IDENTIFCATION SYSTEM WILL CONTINUE INTO 2022. AS OUR PARTNERS AND CYCLISTS BECOME VACCINATED AND COUNTIES BEGIN OPENING, WE WILL CONTINUE HOSTING IN PERSON COACHING AND MECHANIC TRAINING COURSES COUPLE WITH TRAINING ON THE VIRTUAL SYSTEM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Coats Development | Officer | 35 | $40,750 |
Kim Raymond Secretary | Officer | 5 | $0 |
Shaul Hatzir Director | Trustee | 1 | $0 |
Owen Leimbach Director | Trustee | 1 | $0 |
Larry Swantner Director | Trustee | 1 | $0 |
Thomas Frischnecht Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $107,434 |
| Related organizations | $0 |
| Government grants | $11,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,235 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| 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 | $475,253 |
| 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. | $41,750 |
| Compensation of current officers, directors, key employees. | $41,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $200 |
| Fees for services: Accounting | $1,769 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,453 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $929 |
| Travel | $2,456 |
| 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 | $0 |
| Insurance | $15,647 |
| All other expenses | $124,340 |
| Total functional expenses | $278,074 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,360 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $340,360 |
| Accounts payable and accrued expenses | $784 |
| 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 | $7,862 |
| Other liabilities | $0 |
| Total liabilities | $8,646 |
| Net assets without donor restrictions | $205,694 |
| Net assets with donor restrictions | $126,020 |
| 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 | $340,360 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Team Africa Rising Inc has recieved totaling $21,801.
| Awarding Organization | Amount |
|---|---|
Pure Inc Bentonville, AR PURPOSE: GENERAL SUPPORT | $16,551 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Ski Association Park City, UT | $21,124,453 | $32,052,009 |
Usa Volleyball Colorado Springs, CO | $34,648,570 | $30,318,456 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
United States Ski Team Foundation Park City, UT | $9,262,092 | $17,246,819 |
Oklahoma City Golf & Country Club Nichols Hills, OK | $30,261,356 | $14,527,744 |
Southern Hills Country Club Tulsa, OK | $59,775,336 | $17,253,423 |
Cherry Hills Country Club Englewood, CO | $65,318,672 | $17,559,884 |
Denver Country Club Denver, CO | $40,162,102 | $13,375,074 |
Columbine Country Club Columbine Valley, CO | $37,675,928 | $14,753,551 |
Happy Hollow Club Omaha, NE | $18,174,683 | $12,125,031 |
Troon Country Club Inc Scottsdale, AZ | $27,079,635 | $13,166,586 |
Gamma Phi Beta Sorority Inc Centennial, CO | $31,209,730 | $12,603,697 |