Akumanyi Foundation
- Assets
- $12.5k
- Revenue
- $41.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairlawn, OH
- Founding
- 04/2015
- Data as of
- 12/2023
- EIN
- 47-2932832
Organization Overview
Akumanyi Foundation is located in Fairlawn, OH. The organization was established in 2015. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Akumanyi 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 12/2023, Akumanyi Foundation generated $41.6k 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 (5.7%) each year. All expenses for the organization totaled $31.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC NEEDS DONATIONS FOR AKOKWAA CHILDREN'S HOME - BASIC NEEDS DONATIONS FOR HOPE FOR ORPHANS CHILDREN'S HOME IN AKOKWA GHANA WHICH SERVES 60+VULNERABLE YOUTH. SUPPLIES FOR BASIC NEEDS WERE SPONSORED SUCH AS FOOD AND SUPPLIES.
CHRISTMAS FOOD AND SUPPLIES DONATION TO AKOKWAA CHILDREN'S HOME - BASIC NEEDS DONATIONS FOR HOPE FOR ORPHANS CHILDREN'S HOME IN AKOKWA GHANA WHICH SERVES 60+VULNERABLE YOUTH. SUPPLIES FOR BASIC NEEDS WERE SPONSORED SUCH AS FOOD AND SUPPLIES.
BAWJIASE LAND COMMUNITY CENTER PROJECT - TAF CONTRIBUTED FUNDING TOWARDS THE CREATION OF A COMMUNITY CENTER IN BAWJIASE GHANA. THE COMMUNITY CENTER WILL SERVE AS A TAF HUB WHERE VARIOUS PROGRAMS CAN OPERATE SUCH AS VOCATIONAL TRAINING PROGRAMS AND HOUSING SUPPORT FOR YOUTH AND WOMEN SERVED THROUGH TAF. CONSTRUCTION IS IN THE EARLY STAGES. THIS PROJECT WILL BENEFIT THE BAWJIASE COMMUNITY AND SURROUNDING COMMUNITIES.
TAF OFFERS A LOAN PROGRAM FOR TAF STAFF TO OFFER THEM AN OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT WITH A COMMITMENT TO HAVE THE LOAN PAID BACK TO TAF IN THE FUTURE.
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 |
|---|---|---|---|
Hannah Bonacci Program & Project Director | 5 | $1,000 | |
Francis Akumanyi Boandoh Executive Director | 5 | $500 | |
Colleen Longshaw Jackson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,804 |
| 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 | $39,800 |
| Total Revenue | $41,604 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $597 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,715 |
| Total operating and administrative expenses | $23,812 |
| Contributions, gifts, grants paid | $7,556 |
| Total expenses and disbursements | $31,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,461 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,461 |
| 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, Akumanyi Foundation has awarded $7,556 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MAMA CHARITY PURPOSE: CHRISTMAS RELIEF DONATION FOR FOOD AND SUPPLIES FOR MAMA CHARITY'S CHILDREN'S HOME IN AKOKWA GHANA | $800 |
TAF BAWJIASE COMMUNITY CENTER PURPOSE: THESE FUNDS WERE USED FOR LAND DEVELOPMENT IN BAWJIASE GHANA FOR AN UPCOMING TAF PROJECT THAT WILL BE USED FOR A COMMUNITY CENTER TO SUPPORT BAWJIASE AND SURROUNDING COMMUNITIES. | $1,847 |
TAF STAFF LOAN PROGRAM PURPOSE: TAF OFFERS A LOAN PROGRAM FOR TAF STAFF TO OFFER THEM AN OPPORTUNITY FOR PROFESSIONAL DEVELOPMENT WITH A COMMITMENT TO HAVE THE LOAN PAID BACK TO TAF IN THE FUTURE. | $4,000 |
MAMA CHARTIY PURPOSE: CHRISTMAS RELIEF DONATIONS TOWARDS FOOD AND SUPPLIES FOR THE AKOKWA CHILDREN'S HOME RAN BY MAMA CHARITY WHICH SERVES 60+ ORPHANED AND VULNERABLE YOUTH. | $909 |