Nafasi Fund
- Assets
- $17.6m
- Revenue
- $15.6m
- Investments
- $6.2m
- Employees
- 3
- Location
- Huntsville, AL
- Founding
- 03/2017
- Data as of
- 12/2022
- EIN
- 81-5363891
Organization Overview
Nafasi Fund is located in Huntsville, AL. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2022, Nafasi Fund employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nafasi 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, Nafasi Fund generated $15.6m in total revenue. All expenses for the organization totaled $2.0m during the year ending 12/2022.
Since 2021, Nafasi Fund has awarded 14 individual grants totaling $1,902,640. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
UNDERGIRD THE POWERFUL WORK OF BLACK- LED ORGANIZATIONS BY CONNECTING THEM TO THE OPPORTUNITIES, CAPACITY AND SPACE THEY NEED TO INCREASE THEIR EFFECTIVENESS AND GROW INDEPENDENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAFASI FUND PROVIDES FUNDS TO QUALIFIED BLACK-LED ORGANIZATIONS TO HELP THEM SEIZE ON OPPORTUNITIES AND GROW THEIR BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Bomani Johnson Executive Director | Officer | 40 | $18,450 |
Rhonda Bryant Board Chair | OfficerTrustee | 2 | $0 |
Toya Randall Director | Trustee | 1 | $0 |
William Buster Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,617,050 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,617,050 |
| Total Program Service Revenue | $0 |
| Investment income | $4,794 |
| 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 | $15,621,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,922,640 |
| 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. | $18,450 |
| Compensation of current officers, directors, key employees. | $18,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,413 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,906 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,273 |
| Fees for services: Accounting | $15,295 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,296 |
| Advertising and promotion | $0 |
| Office expenses | $5,796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $170 |
| 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 | $1,874 |
| All other expenses | $0 |
| Total functional expenses | $2,023,113 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,015,182 |
| Savings and temporary cash investments | $300,090 |
| Pledges and grants receivable | $550 |
| 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 | $10,835 |
| Net Land, buildings, and equipment | $3,067,366 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,178,177 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,572,200 |
| Accounts payable and accrued expenses | $2,622 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,400,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,402,622 |
| Net assets without donor restrictions | $454,574 |
| Net assets with donor restrictions | $14,715,004 |
| 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 | $17,572,200 |
Grants Awarded
Over the last fiscal year, Nafasi Fund has awarded $1,902,640 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JUANITA SIMS DOTY FDTN 2675 PURPOSE: General Operating Support | $5,000 |
SOIL AND SHADOW 6857 ARMOUR PURPOSE: General Operating Support | $5,000 |
THE MORIAH GROUP 1101 MCMURTRIE PURPOSE: Forward Promise Project | $1,866,015 |
SOCIAL & ENV ENTREPRENEURS 23564 PURPOSE: General Operating Support | $26,625 |