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Nonprofiteer
← THE AFRICA-AMERICA INSTITUTE

Form 990 for tax year 2022

Filed by THE AFRICA-AMERICA INSTITUTE.

Totals

Total revenue
$2,499,412
Total expenses
$3,425,065
Contributions and grants received
$2,287,086
Grants paid
$520,851
Program service revenue
$0
Investment income
$159,229
Other revenue
$53,097
Total assets, end of year
$4,828,144
Total liabilities, end of year
$2,786,632
Net assets or fund balances, end of year
$2,041,512
Program services expenses (Part IX)
$2,287,867
Management and general expenses
$511,706
Fundraising expenses
$625,492
Program service expenses (Part III)
$2,287,867

Program services were 66.8% 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

    $307,200

  • 1e · Government grants (contributions)

    $103,506

  • 1f · All other contributions, gifts and grants

    $1,876,380

  • 3 · Investment income

    total $68,274 · excluded $68,274

  • 7a · Gross sales of assets other than inventory

    securities $878,844

  • 7b · Less cost or other basis and sales expenses

    securities $787,889

  • 7c · Gain or loss

    securities $90,955

  • 7d · Net gain or loss

    total $90,955 · excluded $90,955

  • 8a · Fundraising events: gross income

    $250,741

  • 8a · Fundraising events: contributions included on line 1c

    $307,200

  • 8b · Fundraising events: direct expenses

    $197,644

  • 8c · Net income from fundraising events

    total $53,097 · excluded $53,097

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $192,630 · program services $192,630

  • 2 · Grants to domestic individuals

    total $13,845 · program services $13,845

  • 3 · Grants to foreign organizations and individuals

    total $314,376 · program services $314,376

  • 5 · Compensation of officers, directors and key employees

    total $425,509 · program services $296,374 · management and general $98,319 · fundraising $30,816

  • 7 · Other salaries and wages

    total $225,246 · program services $156,887 · management and general $52,046 · fundraising $16,313

  • 8 · Pension plan contributions

    total $11,251 · program services $7,837 · management and general $2,599 · fundraising $815

  • 9 · Other employee benefits

    total $87,911 · program services $61,230 · management and general $20,314 · fundraising $6,367

  • 10 · Payroll taxes

    total $37,983 · program services $26,456 · management and general $8,776 · fundraising $2,751

  • 11b · Fees: legal

    total $69,300 · program services $45,205 · management and general $10,632 · fundraising $13,463

  • 11c · Fees: accounting

    total $84,951 · program services $55,414 · management and general $13,034 · fundraising $16,503

  • 11f · Fees: investment management

    total $32,479 · management and general $32,479

  • 11g · Fees: other

    total $1,070,245 · program services $698,127 · management and general $164,205 · fundraising $207,913

  • 13 · Office expenses

    total $104,749 · program services $39,685 · management and general $38,827 · fundraising $26,237

  • 16 · Occupancy

    total $114,479 · program services $76,889 · management and general $21,587 · fundraising $16,003

  • 17 · Travel

    total $312,575 · program services $276,131 · management and general $2,852 · fundraising $33,592

  • 23 · Insurance

    total $11,968 · program services $4,247 · management and general $7,300 · fundraising $421

  • 24a · Other expenses: SPECIAL EVENTS

    total $252,067 · fundraising $252,067

  • 24b · Other expenses: TRANSACTION FEES

    total $37,546 · program services $13,324 · management and general $22,903 · fundraising $1,319

  • 24c · Other expenses: PAYROLL EXPENSES

    total $19,090 · program services $6,774 · management and general $11,645 · fundraising $671

  • 24e · All other expenses

    total $6,865 · program services $2,436 · management and general $4,188 · fundraising $241

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $588,171 · end of year $302,449

  • 3 · Pledges and grants receivable

    beginning of year $195,755 · end of year $386,200

  • 9 · Prepaid expenses and deferred charges

    beginning of year $36,855 · end of year $29,914

  • 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 $3,619,841 · end of year $2,911,665

  • 12 · Investments: other securities

    end of year $1,197,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $291,133 · end of year $308,985

  • 19 · Deferred revenue

    beginning of year $197,847

  • 23 · Secured mortgages and notes payable

    beginning of year $149,900 · end of year $159,921

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,317,726

  • 27 · Net assets without donor restrictions

    beginning of year $2,727,605 · end of year $1,312,716

  • 28 · Net assets with donor restrictions

    beginning of year $1,074,137 · end of year $728,796

Mission and programs · 2022

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 $2,287,867 · Grants $520,851

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nik Amarteifio

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Peter McKillop

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Prof Ousseina Alidou

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Mamadou Beye

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Rebecca L Edwards

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Michelle Gavin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Christal M Jackson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Robert McCarthy

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Khumo Shongwe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Humble Lukanga

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kofi Appenteng

    PRESIDENT & CEO

    Total calculated
    $285,223
    From this org
    $249,229
    From related orgs
    $0
    Other
    $35,994
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $229,229
    Bonus
    $20,000
    Other
    $0
    Deferred
    $17,573
    Nontaxable benefits
    $18,421
    Filer's total
    $285,223

  • Ambar Tavarez

    CHIEF FINANCIAL OFFICER

    Total calculated
    $140,286
    From this org
    $109,750
    From related orgs
    $0
    Other
    $30,536
    Hours/week
    35

  • Mora McLean

    AAI HISTORIAN

    Total calculated
    $139,481
    From this org
    $131,440
    From related orgs
    $0
    Other
    $8,041
    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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349310420

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