Umsizi Fund
- Assets
- $8.9m
- Revenue
- $118.3k
- Investments
- $2.8m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/2013
- Data as of
- 12/2022
- EIN
- 46-1723396
Organization Overview
Umsizi Fund is located in Wilmington, DE. The organization was established in 2013. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Umsizi Fund 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, Umsizi Fund generated $118.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (46.5%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Umsizi Fund has awarded 80 individual grants totaling $3,689,400. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Brakeman Dir, Pres | 1 | $0 | |
Roy Edgar Brakeman III Dir, Sec, Treas, VP | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,133 |
| Dividends & Interest | $29,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$63,997 |
| Capital Gain Net Income | $103,348 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $150,248 |
| Total Revenue | $118,276 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,115 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,963 |
| Printing and publications | $0 |
| Other expenses | $41,928 |
| Total operating and administrative expenses | $55,744 |
| Contributions, gifts, grants paid | $984,500 |
| Total expenses and disbursements | $1,040,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $510,023 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,705,491 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,238,782 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,870,394 |
| Total assets | $8,913,369 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Umsizi Fund has awarded $984,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN LEADERSHIP FOUNDATION PURPOSE: GENERAL & UNRESTRICTED | $620,000 |
CIYOTA INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
AFRICAN LEADERSHIP FOUNDATION PURPOSE: ALA AND UMSIZI EARLY CAREER SUCCESS PROJECT | $3,000 |
EDUCATE PURPOSE: GENERAL & UNRESTRICTED | $30,000 |
GENERATION - YOU EMPLOYED INC PURPOSE: GENERATION KENYA | $30,000 |
JUMPSTART ACADEMY AFRICA PURPOSE: GENERAL & UNRESTRICTED | $2,000 |