African Enterprise
- Assets
- $674.3k
- Revenue
- $933.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Spokane, WA
- Founding
- 06/1964
- Data as of
- 09/2022
- EIN
- 95-2275044
Organization Overview
African Enterprise is located in Spokane, WA. The organization was established in 1964. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2022, African Enterprise employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African Enterprise 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 09/2022, African Enterprise generated $933.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.0m during the year ending 09/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFRICAN ENTERPRISE EXISTS TO EVANGELIZE THE CITIES OF AFRICA THROUGH WORD AND DEED IN PARTNERSHIP WITH THE CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AEI/TEAM SUPPORT - COVERS THE COSTS MINISTRY STAFF IN THE COUNTRIES IN WHICH THE ORGANIZATION OPERATES.
COMMUNITY TRANSFORMATION - UPLIFTMENT PROJECTS THAT TEACH JOB SKILLS AND EDUCATE PEOPLE AS TO SAVING, BUDGETING, AND RUNNING THEIR OWN BUSINESS.
STRATIFIED EVANGELISM AND DISCIPLESHIP - CITYWIDE EVANGELISTIC MISSIONS CARRIED OUT IN PARTNERSHIP WITH LOCAL CHURCHES IN MAJOR CITIES ACROSS AFRICA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Morrison Executive Director | OfficerTrustee | 40 | $94,000 |
Dena Goodman Secretary | OfficerTrustee | 1 | $0 |
Wayne Herman Chair | OfficerTrustee | 1 | $0 |
Jenn Graffius Director | Trustee | 1 | $0 |
Remi Lawanson 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 | $1,041,984 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,041,984 |
| Total Program Service Revenue | $18,184 |
| Investment income | $0 |
| 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 | $932,966 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $95,500 |
| Compensation of current officers, directors, key employees. | $95,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,405 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,593 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $120,313 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,020 |
| Advertising and promotion | $3,114 |
| Office expenses | $28,961 |
| Information technology | $6,212 |
| Royalties | $0 |
| Occupancy | $9,936 |
| Travel | $4,194 |
| 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 | $1,633 |
| Insurance | $3,064 |
| All other expenses | $680,035 |
| Total functional expenses | $1,003,980 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $123,413 |
| Pledges and grants receivable | $0 |
| 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 | $750 |
| Net Land, buildings, and equipment | $2,244 |
| Investments—publicly traded securities | $547,899 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $674,306 |
| Accounts payable and accrued expenses | $3,688 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,688 |
| Net assets without donor restrictions | $670,618 |
| Net assets with donor restrictions | $0 |
| 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 | $674,306 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that African Enterprise has recieved totaling $165,063.
| Awarding Organization | Amount |
|---|---|
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $37,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $37,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $35,000 |
Luis Palau Association Portland, OR PURPOSE: Sponsor evangelism conference in Kenya | $35,000 |
Tyndale House Ministries Carol Stream, IL PURPOSE: General program support | $9,000 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $6,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health Alliance International Seattle, WA | $1,404,017 | $8,275,089 |
Ashesi University Foundation Seattle, WA | $12,782,442 | $4,145,019 |
Agros International Seattle, WA | $3,399,558 | $4,102,403 |
Na Ah Illahee Fund Seattle, WA | $3,416,463 | $4,496,691 |
World Concern Development Organization Shoreline, WA | $2,234,815 | $2,856,478 |
Forward Edge International Brush Prairie, WA | $1,950,327 | $2,648,381 |
Bridges To Development Vashon, WA | $3,789,622 | $3,043,264 |
Amigos De Honduras Seattle, WA | $43,954 | $2,329,024 |
Partners In Aviation And Communications Technology Inc Nampa, ID | $1,585,559 | $2,438,733 |
Yemen Relief And Reconstruction Foundation Mercer Island, WA | $2,032,152 | $2,587,110 |
Construction For Change Seattle, WA | $370,557 | $1,568,745 |
New Covenant Missions Inc COEUR dALENE, ID | $318,643 | $1,798,794 |