The Africa-America Institute
- Assets
- $4.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 08/1954
- Data as of
- 12/2021
- EIN
- 53-0218859
Organization Overview
The Africa-America Institute is located in New York, NY. The organization was established in 1954. According to its NTEE Classification (Q05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Africa-America Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Africa-America Institute 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, Africa-America Institute generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH SCHOLARSHIPS AND CONVENINGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AAI'S AFRICAN HIGHER EDUCATION PROGRAM MANAGES SCHOLARSHIPS AND OTHERWISE PROVIDES OPPORTUNITIES FOR AFRICAN MEN AND WOMEN TO RECEIVE ADVANCED ACADEMIC, PROFESSIONAL, AND LEADERSHIP TRAINING WITHIN AND OUTSIDE AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kofi Appenteng President & CEO | Officer | 35 | $231,254 |
Mora Mclean Aai Historian | 35 | $122,077 | |
Ambar Tavarez Chief Financial Officer | Officer | 35 | $100,950 |
Steven Pfeiffer Trustee | Trustee | 5 | $0 |
Mamadou Beye Trustee | Trustee | 5 | $0 |
Christal M Jackson Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glow Media Marketing Gala & Soe | 12/30/20 | $128,290 |
Fiscal Management Associates Finance And Accounting Services | 12/30/20 | $111,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,103 |
| Related organizations | $0 |
| Government grants | $136,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,740,239 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,961,836 |
| Total Program Service Revenue | $0 |
| Investment income | $77,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $237,555 |
| Net Income from Fundraising Events | -$111,104 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,165,945 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $315,235 |
| Grants and other assistance to domestic individuals. | $13,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $52,376 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $396,706 |
| Compensation of current officers, directors, key employees. | $85,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,628 |
| Pension plan accruals and contributions | $14,331 |
| Other employee benefits | $43,863 |
| Payroll taxes | $42,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,171 |
| Fees for services: Accounting | $57,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $32,761 |
| Fees for services: Other | $378,137 |
| Advertising and promotion | $0 |
| Office expenses | $66,270 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $228,787 |
| Travel | $63,318 |
| 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 | $14,783 |
| All other expenses | $0 |
| Total functional expenses | $2,090,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $588,171 |
| Pledges and grants receivable | $195,755 |
| 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 | $36,855 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,619,841 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,440,622 |
| Accounts payable and accrued expenses | $291,133 |
| Grants payable | $0 |
| Deferred revenue | $197,847 |
| 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 | $149,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $638,880 |
| Net assets without donor restrictions | $2,727,605 |
| Net assets with donor restrictions | $1,074,137 |
| 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 | $4,440,622 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that The Africa-America Institute has recieved totaling $4,610,116.
| Awarding Organization | Amount |
|---|---|
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $1,000,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,000,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,000,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,000,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT | $250,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES PROJECT SUPPORT TO THE AFRICA AMERICA INSTITUTE (AAI) TO LAUNCH THE TEACHING AFRICA FOR EQUITY AND ACHIEVEMENT INITIATIVE IN DETROIT, PILOTING AT THE SCHOOL AT MARYGROVE, TO PROVIDE DETROIT STUDENTS WITH EDUCATIONALLY ENRICHING AND TRANSFORMATIVE EXPERIENCES OF LEARNING ABOUT AFRICA AND ITS GLOBAL DIASPORA. | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Business Council For International Understanding Inc New York, NY | $3,579,725 | $5,813,542 |
Committee For Accuracy In Middle East Reporting In America Inc Boston, MA | $14,473,730 | $9,012,828 |
Foreign Policy Association Incorporated New York, NY | $5,721,976 | $4,285,945 |
Carnegie Council For Ethics In International Affairs Inc New York, NY | $42,413,355 | $2,380,908 |
Independent Diplomat Inc New York, NY | $1,546,888 | $2,800,004 |
Israel Policy Forum Inc New York, NY | $4,206,685 | $4,071,986 |
Foreign Policy Research Institute Philadelphia, PA | $2,361,438 | $3,262,376 |
The Africa-America Institute New York, NY | $4,440,622 | $2,165,945 |
Parliamentarians For Global Action New York, NY | $2,359,532 | $2,527,257 |
Carey Institute For Global Good Inc Rensselaerville, NY | $4,785,067 | $2,167,736 |
Refugee Solidarity Network Inc Brooklyn, NY | $494,365 | $1,772,712 |
Democracy For The Arab World Now Inc Brooklyn, NY | $119,566 | $1,424,995 |