Naa Amerley Palm Education Foundation
- Assets
- $2.9k
- Revenue
- $280.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 06/2008
- Data as of
- 06/2022
- EIN
- 33-1143418
Organization Overview
Naa Amerley Palm Education Foundation, operating under the name Nape Foundation, is located in Portland, OR. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nape 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 06/2022, Nape Foundation generated $280.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 56.1% each year . All expenses for the organization totaled $280.3k during the year ending 06/2022. While expenses have increased by 54.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
PROVIDING SUPPORT FOR HIGHER EDUCATION IN GHANA, WEST AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PALM INSTITUTE STARTED CONSTRUCTION ON ITS FIRST ON-CAMPUS STUDENT DORMATORY WHICH WILL HOUSE 32 FULL-TIME CAMPUS STUDENTS. CONSTRUCTION AT THE END OF THE FISCAL YEAR WAS APPROXIMATELY 80% COMPLETE AND FUNDED BY GRANTS FROM NAPE FOUNDATION.
SCHOLARSHIP GRANTS PROVIDED BY NAPE FOUNDATION PROVIDED PALM INTITUTE TO ADMIT THE HIGHEST NUMBER OF STUDENTS; 20 STUDENTS DURING THE 2022 ADMISSIONS SEASON. FOR THE FIRST TIME IN THE HISTORY OF PALM INSTITUTE, THE FEMALE TO MALE RATIO OF THE STUDENT POPULATION CURRENTLY IS 11:20. MORE FEMALES WERE GIVEN THE OPPORTUNITY TO ENROLL AT PALM INSTITUTE AS A RESULT OF OUR COLLABORATION WITH CAMFED. TOTAL GRANTS PROVIDED FOR SCHOLARSHIPS AND OPERATION SUPPORT FOR ENROLLMENT DURING THE FISCAL YEAR WAS $99,265.
PALM INSTITUTE RECEIVED ACCREDITATION TO RUN TWO (2) FOUR-YEAR DEGREE PROGRAMS IN 2022 AS A RESULT OF CONTINUED GRANT FUNDING FROM NAPE FOUNDATION. THE BSC. COMPUTER SCIENCE AND BSC. BUSINESS ADMINISTRATION WERE ACCREDITED BY THE GHANA TERTIARY EDUCATION COMMISSION (GTEC) THIS YEAR GIVING PALM INSTITUTE THE OPPORTUNITY TO DIVERSIFY ITS PROGRAM OFFERING FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Okantey President | OfficerTrustee | 5 | $0 |
Matthew Storer Chairman | OfficerTrustee | 3 | $0 |
Beth Okantey Secretary | OfficerTrustee | 2 | $0 |
Caleb Pilling Treasurer | OfficerTrustee | 2 | $0 |
Matthew Essieh Director | Trustee | 1 | $0 |
Brenda Mclaughlin Director | 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 | $280,845 |
| Noncash contributions included in lines 1a–1f | $176,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $280,845 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $280,845 |
| 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 | $264,265 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $1,993 |
| Advertising and promotion | $0 |
| Office expenses | $1,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $621 |
| All other expenses | $11,773 |
| Total functional expenses | $280,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,188 |
| Savings and temporary cash investments | $760 |
| 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 | $2,948 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,948 |
| 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 | $2,948 |