Indaba Education Fund Inc
- Assets
- $47.4k
- Revenue
- $640.1k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2022
- EIN
- 47-1713004
Organization Overview
Indaba Education Fund Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (T30) the organization is classified as: Public 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. Indaba Education Fund 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 12/2022, Indaba Education Fund Inc generated $640.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $638.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INDABA EDUCATION FUND, INC. ("IEF") CONCENTRATES ITS EFFORTS ON THE EARLY CHILDHOOD EDUCATIONAL NEEDS IN THE WINELANDS REGION OF SOUTH AFRICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT GIVING - TRAINING ACADEMYFUNDING FOR OPERATING THE TRAINING ACADEMY WHICH INCLUDES THE COST OF TRAINERS, CLASSROOM SPACE RENTAL, CATERING AND ACCOMMODATIONS, CLASSROOM MATERIALS, ADMINISTRATIVE SUPPORT, UPGRADES TO THE ACADEMY FACILITIES AND FUNDING FOR PRE AND PRIMARY SCHOOL OPERATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jess Schulschenk Sec & Treas | 1 | $0 | |
Fabio Ficano Director | 1 | $0 | |
Andre Shearer President | 10 | $0 | |
Jess Schulschenk Sec & Treas | 1 | $0 | |
Fabio Ficano Director | 1 | $0 | |
Andre Shearer President | 10 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $640,069 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $640,069 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $135,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $14,931 |
| Printing and publications | $0 |
| Other expenses | $83,618 |
| Total operating and administrative expenses | $242,545 |
| Contributions, gifts, grants paid | $396,048 |
| Total expenses and disbursements | $638,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,324 |
| Savings and temporary cash investments | $2,357 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,671 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,352 |
| Accounts payable and accrued expenses | $5,200 |
| 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 | $13,302 |
| Total liabilities | $18,502 |
Grants Awarded
Over the last fiscal year, Indaba Education Fund Inc has awarded $702,603 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
INDABA MONTESSORI INSTITUTE PURPOSE: TO FUND EARLY CHILDHOOD EDUCATION TEACHER TRAINING PROGRAMS IN THE WINELANDS OF SOUTH AFRICA | $217,999 |
SUSTAINABILITY INSTITUTE PURPOSE: TO FUND PRE-SCHOOL CLASSROOM PROGRAMS | $88,556 |
INDABA MONTESSORI INSTITUTE PURPOSE: TO FUND EARLY CHILDHOOD EDUCATION TEACHER TRAINING PROGRAMS IN THE WINELANDS OF SOUTH AFRICA | $307,492 |
SUSTAINABILITY INSTITUTE PURPOSE: TO FUND PRE-SCHOOL CLASSROOM PROGRAMS | $88,556 |