Corporate Council On Africa
- Assets
- $419.2k
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 8
- Location
- Washington, DC
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 36-3895800
Organization Overview
Corporate Council On Africa, operating under the name Corporate Council on Africa, is located in Washington, DC. The organization was established in 1993. According to its NTEE Classification (Q21) the organization is classified as: International Cultural Exchange, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Corporate Council on Africa employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Corporate Council on Africa 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, Corporate Council on Africa generated $2.0m 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 (3.8%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.1%) 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
THE CORPORATE COUNCIL ON AFRICA WORKS TO ENHANCE U.S.-AFRICA TRADE, INVESTMENT, AND BUSINESS BY PROVIDING TO U.S. AND AFRICAN PUBLIC AND PRIVATE SECTOR LEADERS THE ACCESS, CONNECTIONS, AND INSIGHTS NEEDED TO SUCCESSFULLY ENGAGE ON THE CONTINENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATE COUNCIL ON AFRICA WORKS TO ENHANCE U.S.-AFRICA TRADE, INVESTMENT, AND BUSINESS BY PROVIDING TO U.S. AND AFRICAN PUBLIC AND PRIVATE SECTOR LEADERS THE ACCESS, CONNECTIONS, AND INSIGHTS NEEDED TO SUCCESSFULLY ENGAGE ON THE CONTINENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Florizelle Liser President And CEO | Officer | 40 | $241,000 |
Hillary Lucas Human Resource Director | Officer | 40 | $111,000 |
Jeffery Sturchio Individual Trustee Or Director | Trustee | 1 | $0 |
Mohamad Darwish Individual Trustee Or Director | Trustee | 1 | $0 |
Salvador Perez Galindo Individual Trustee Or Director | Trustee | 1 | $0 |
Robert Clay Neff Jr Individual Trustee Or Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $830,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $665,633 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,495,633 |
| Total Program Service Revenue | $464,635 |
| 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 | $1,976,893 |
| 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. | $782,275 |
| Compensation of current officers, directors, key employees. | $273,100 |
| Compensation to disqualified persons | $131,201 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $59,781 |
| Fees for services: Management | $310,379 |
| 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 | $35,156 |
| Advertising and promotion | $0 |
| Office expenses | $13,393 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $329,164 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $3,521 |
| Conferences, conventions, and meetings | $227,384 |
| Interest | $19,581 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,193 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,916,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,991 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,850 |
| 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 | $4,686 |
| Net Land, buildings, and equipment | $42,235 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,400 |
| Total assets | $419,162 |
| Accounts payable and accrued expenses | $89,621 |
| Grants payable | $0 |
| Deferred revenue | $150,000 |
| 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 | $226,614 |
| Unsecured mortgages and notes payable | $319,855 |
| Other liabilities | $0 |
| Total liabilities | $786,090 |
| Net assets without donor restrictions | -$478,053 |
| Net assets with donor restrictions | $111,125 |
| 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 | $419,162 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Corporate Council On Africa has recieved totaling $5,034.
| Awarding Organization | Amount |
|---|---|
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF LAUNCHING THE YIELDWISE INITIATIVE IN AFRICA AT THE U.S.-AFRICA BUSINESS SUMMIT TO BE HELD IN ADDIS ABABA, ETHIOPIA, FEBRUARY 2016 | $5,034 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Turquoise Mountain Foundation Washington, DC | $249,837 | $2,268,147 |
Atlas Service Corps Inc Washington, DC | $2,594,418 | $2,385,628 |
Corporate Council On Africa Washington, DC | $419,162 | $1,976,893 |
Japan-America Society Of Washington Inc Washington, DC | $1,754,963 | $796,032 |
Franklin Center For Global Policy Exchange Washington, DC | $5,390,724 | $1,282,603 |
Overseas Korean Cultural Heritage Foundation Usa Washington, DC | $0 | $371,909 |
Ambazonia Foundation Owings Mills, MD | $11,185 | $636,790 |
Us Center For Chinese Medicine By Bucm Incorporated Rockville, MD | $203,557 | $568,441 |
International Society For Third Sector Research Inc Baltimore, MD | $1,318,848 | $480,141 |
Friends Of The Goethe - Institut In Washington Dc Washington, DC | $96,842 | $0 |
Syriana Ellicott City, MD | $57,567 | $133,797 |
Friends Of The House Of Sweden Washington, DC | $187,202 | $171,702 |