Totals
- Total revenue
- $3,466,370
- Total expenses
- $3,835,511
- Contributions and grants received
- $3,482,929
- Grants paid
- $353,552
- Program service revenue
- $0
- Investment income
- $77,513
- Other revenue
- -$94,072
- Total assets, end of year
- $5,234,771
- Total liabilities, end of year
- $3,199,697
- Net assets or fund balances, end of year
- $2,035,074
- Program services expenses (Part IX)
- $2,654,526
- Management and general expenses
- $584,591
- Fundraising expenses
- $596,394
- Program service expenses (Part III)
- $2,654,526
Program services were 69.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$525,064
-
1f · All other contributions, gifts and grants
$2,957,865
-
3 · Investment income
total $104,303 · excluded $104,303
-
7a · Gross sales of assets other than inventory
securities $332,983
-
7b · Less cost or other basis and sales expenses
securities $359,773
-
7c · Gain or loss
securities -$26,790
-
7d · Net gain or loss
total -$26,790 · excluded -$26,790
-
8a · Fundraising events: gross income
$91,520
-
8a · Fundraising events: contributions included on line 1c
$525,064
-
8b · Fundraising events: direct expenses
$185,592
-
8c · Net income from fundraising events
total -$94,072 · excluded -$94,072
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $303,552 · program services $303,552
-
2 · Grants to domestic individuals
total $25,000 · program services $25,000
-
3 · Grants to foreign organizations and individuals
total $25,000 · program services $25,000
-
5 · Compensation of officers, directors and key employees
total $443,614 · program services $336,081 · management and general $68,710 · fundraising $38,823
-
7 · Other salaries and wages
total $318,166 · program services $241,041 · management and general $49,279 · fundraising $27,846
-
8 · Pension plan contributions
total $11,775 · program services $8,920 · management and general $1,824 · fundraising $1,031
-
9 · Other employee benefits
total $49,810 · program services $37,736 · management and general $7,715 · fundraising $4,359
-
10 · Payroll taxes
total $48,564 · program services $36,792 · management and general $7,522 · fundraising $4,250
-
11c · Fees: accounting
total $80,981 · program services $53,182 · management and general $12,797 · fundraising $15,002
-
11f · Fees: investment management
total $34,308 · management and general $34,308
-
11g · Fees: other
total $1,482,680 · program services $973,717 · management and general $234,299 · fundraising $274,664
-
13 · Office expenses
total $87,354 · program services $24,062 · management and general $41,157 · fundraising $22,135
-
16 · Occupancy
total $153,151 · program services $95,836 · management and general $37,991 · fundraising $19,324
-
17 · Travel
total $381,358 · program services $288,947 · management and general $29,234 · fundraising $63,177
-
23 · Insurance
total $10,001 · program services $3,014 · management and general $6,354 · fundraising $633
-
24a · Other expenses: SPECIAL EVENTS
total $139,041 · program services $19,213 · fundraising $119,828
-
24b · Other expenses: TRANSACTION FEES
total $54,017 · program services $16,279 · management and general $34,318 · fundraising $3,420
-
24c · Other expenses: PAYROLL EXPENSES
total $19,858 · program services $5,985 · management and general $12,616 · fundraising $1,257
-
24e · All other expenses
total $167,281 · program services $160,169 · management and general $6,467 · fundraising $645
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $302,449 · end of year $770,658
-
3 · Pledges and grants receivable
beginning of year $386,200 · end of year $89,255
-
9 · Prepaid expenses and deferred charges
beginning of year $29,914 · end of year $25,330
-
10a · Land, buildings and equipment: cost or other basis
$55,193
-
10b · Land, buildings and equipment: accumulated depreciation
$55,193
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $2,911,665 · end of year $3,317,043
-
15 · Other assets
beginning of year $1,197,916 · end of year $1,032,485
-
17 · Accounts payable and accrued expenses
beginning of year $308,985 · end of year $229,152
-
23 · Secured mortgages and notes payable
beginning of year $159,921 · end of year $164,280
-
25 · Other liabilities
beginning of year $2,317,726 · end of year $2,806,265
-
27 · Net assets without donor restrictions
beginning of year $1,312,716 · end of year $617,840
-
28 · Net assets with donor restrictions
beginning of year $728,796 · end of year $1,417,234
Mission and programs · 2023
Mission
FOUNDED IN 1953, THE AFRICA-AMERICA INSTITUTE PROMOTES ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH EDUCATION, TRAINING AND DIALOGUE. AAI DESIGNS AND MANAGES PROGRAMS THAT ENABLE AFRICAN STUDENTS TO PURSUE ACADEMIC DEGREES AND NON-DEGREE PROFESSIONAL CERTIFICATES AT QUALITY TERTIARY (POST SECONDARY) INSTITUTIONS WITHIN AND OUTSIDE AFRICA. AAI PROGRAMS ALSO PROVIDE A PLATFORM FOR AFRICAN PERSPECTIVES TO INFORM U.S. POLICIES AND ATTITUDES TOWARD AFRICA THAT HAVE A BEARING ON AFRICAN HUMAN CAPACITY BUILDING. AAI'S CORE PURPOSE IS TO CONTRIBUTE TO THE REDUCTION OF POVERTY AND UNEMPLOYMENT, AND THE EXPANSION OF FREEDOM, IN AFRICA. TO DATE WE HAVE ROUGHLY 23,000 ALUMNI WHO HAVE BENEFITED FROM OUR ADVANCED ACADEMIC AND PROFESSIONAL TRAINING PROGRAMS. AMONG THESE INDIVIDUALS IS WANGARI MAATHAI THE SCIENTIST, ENVIRONMENTAL ACTIVIST, AND 2004 NOBEL LAUREATE FROM KENYA.
Activities or mission (Part I)
PROMOTING ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH SCHOLARSHIPS AND CONVENINGS.
-
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.
Expenses $2,654,526 · Grants $353,552
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Nik AmarteifioNIK AMARTEIFIO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Peter McKillopPETER MCKILLOP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Prof Ousseina AlidouPROF OUSSEINA ALIDOU
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Mamadou BeyeMAMADOU BEYE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Rebecca L EdwardsREBECCA L EDWARDS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Michelle GavinMICHELLE GAVIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Christal M JacksonCHRISTAL M JACKSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Robert McCarthyROBERT MCCARTHY
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Khumo ShongweKHUMO SHONGWE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Humble LukangaHUMBLE LUKANGA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Kofi AppentengKOFI APPENTENG
PRESIDENT & CEO
- Total calculated
- $277,522
- From this org
- $240,690
- From related orgs
- $0
- Other
- $36,832
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $240,690
- Bonus
- $0
- Other
- $0
- Deferred
- $16,059
- Nontaxable benefits
- $20,773
- Filer's total
- $277,522
-
Ambar TavarezAMBAR TAVAREZ
CHIEF FINANCIAL OFFICER
- Total calculated
- $166,092
- From this org
- $141,200
- From related orgs
- $0
- Other
- $24,892
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $141,200
- Bonus
- $0
- Other
- $0
- Deferred
- $7,060
- Nontaxable benefits
- $17,832
- Filer's total
- $166,092
-
Sydney PlantSYDNEY PLANT
CHIEF DEVELOPMENT OFFICER
- Total calculated
- $135,419
- From this org
- $127,500
- From related orgs
- $0
- Other
- $7,919
- Hours/week
- 35
-
Jourden WarrenJOURDEN WARREN
CHIEF OF STRATEGIC PARTNERSHIPS AND ENGAGEMENT
- Total calculated
- $131,347
- From this org
- $114,613
- From related orgs
- $0
- Other
- $16,734
- Hours/week
- 35
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
SOUTHFIELD PUBLIC SCHOOL DISTRICT
$303,551
PROGRAM SERVICE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349318035
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.