Totals
- Total revenue
- $15,906,753
- Total expenses
- $16,665,804
- Contributions and grants received
- $13,551,242
- Grants paid
- $15,396,431
- Program service revenue
- $1,547,544
- Investment income
- $794,420
- Other revenue
- $13,547
- Total assets, end of year
- $72,179,062
- Total liabilities, end of year
- $61,904,829
- Net assets or fund balances, end of year
- $10,274,233
- Program services expenses (Part IX)
- $16,098,636
- Management and general expenses
- $414,754
- Fundraising expenses
- $152,414
- Program service expenses (Part III)
- $16,098,636
Program services were 96.6% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$13,551,242
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: ENTREPRENEUR MENTORING & TRAINING
total $1,547,544 · related or exempt $1,547,544 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $794,420 · related or exempt $0 · unrelated business $0 · excluded $794,420
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11d · All other revenue
total $13,547 · related or exempt $13,547 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$13,547
Functional expenses
Part IX, the statement of functional expenses.
-
3 · Grants to foreign organizations and individuals
total $15,396,431 · program services $15,396,431
-
5 · Compensation of officers, directors and key employees
total $600,786 · program services $426,558 · management and general $22,787 · fundraising $151,441
-
7 · Other salaries and wages
total $23,151 · management and general $23,151
-
9 · Other employee benefits
total $24,811 · management and general $24,811
-
11c · Fees: accounting
total $45,221 · management and general $45,221
-
11g · Fees: other
total $286,219 · program services $90,206 · management and general $195,040 · fundraising $973
-
12 · Advertising and promotion
total $2,231 · management and general $2,231
-
16 · Occupancy
total $75,694 · program services $12,866 · management and general $62,828
-
17 · Travel
total $64,881 · program services $64,881
-
22 · Depreciation, depletion and amortization
total $19,022 · management and general $19,022
-
24a · Other expenses: PROGRAM EXPENSES
total $105,848 · program services $105,848 · management and general $0 · fundraising $0
-
24b · Other expenses: BANK CHARGES & PROCESSING FEES
total $19,325 · program services $0 · management and general $19,325 · fundraising $0
-
24e · All other expenses
total $2,184 · program services $1,846 · management and general $338
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,989,151 · end of year $1,218,437
-
2 · Savings and temporary cash investments
beginning of year $11,157,409 · end of year $35,405,485
-
4 · Accounts receivable
beginning of year $9,916 · end of year $3,487
-
10a · Land, buildings and equipment: cost or other basis
$256,787
-
10b · Land, buildings and equipment: accumulated depreciation
$21,489
-
10c · Land, buildings and equipment, net
beginning of year $222,986 · end of year $235,298
-
11 · Investments: publicly traded securities
end of year $21,309,002
-
15 · Other assets
beginning of year $7,923,146 · end of year $14,007,353
-
17 · Accounts payable and accrued expenses
beginning of year $71,615 · end of year $97,566
-
19 · Deferred revenue
beginning of year $16,434,719 · end of year $61,407,508
-
24 · Unsecured notes and loans payable
beginning of year $762,990 · end of year $399,755
-
27 · Net assets without donor restrictions
beginning of year $11,033,284 · end of year $10,274,233
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
INKOMOKO'S MISSION IS TO SUPPORT AFRICAN ENTREPRENEURS TO GROW THEIR BUSINESSES TO CREATE JOBS, IMPROVE LIVELIHOODS, AND DEVELOP LASTING ECONOMIC DEVELOPMENT IN THEIR COMMUNITIES.
-
INKOMOKO CONTINUED TO PROVIDE TRAINING AND CONSULTING TO MICRO & SMALL BUSINESSES ACROSS RWANDA, KENAY, ETHIOPIA, SOUTH SUDAN AND CHAD, INCLUDING TO REFUGEE ENTREPRENERURES. BY END OF 2024, INKOMOKO HAD WORKED WITH 88,125 CLIENTS SINCE OUR FOUNDING IN 2012.
Expenses $8,049,318
-
INKOMOKO'S ROLE AS PROVIDING LOW-COST INVESTMENT TO SMALL BUSINESSES CONTINUED TO BE A CORE PART OF OUR SOCIAL MISSION TO ENSURE FINANCIAL INCLUSION FOR THOSE EXCLUDED FROM MAINSTREAM FINANCE. INKOMOKO PROVIDED INVESTMENT TO REFUGEES, INCLUDING MAKING AVAILABE GRANTS, LOANS, AND SHARIA-COMPLIANT PRODUCT FOR MUSLIM ENTREPRENERURS, ENSURING THAT SMALL BUSINESS DON'T HAVE TO CHOOSE BETWEEN GROWING THEIR BUSINESS AND THEIR FAITH. WE PRIORITIZE SERVING WOMEN, YOUTH AND THOSE EXCLUDED FROM TRADITIONAL BANKING SYSTEMS.
Expenses $6,439,454
-
AS PART OF A COLLABORATIVE PARTNERSHIP WITH SOUTHERN NEW HAMPSHIRE UNIVERSITY, INKOMOKO SUPPORTED THE EDUCATION INITIATIVES OF THE SNHU GEM HUB THAT ENGAGES REFUGEE STUDENTS AROUND THE WORLD TO ACCESS QUALITY ON-LINE INSTRUCTION. INKOMOKO'S ROLE WAS TO FACILITATE OPERATIONAL SYSTEMS THAT ALLOWED FOR REFUGEES TO REVIEW STUDENT COURSE WORK.
Expenses $1,609,864 · Revenue $1,547,544
As filed on the 2024 return.
Listed in Part VII
-
JULIENNE OYLER
CO-FOUNDER & CEO
- Total calculated
- $303,393
- From this org
- $303,393
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,393
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $300,393
-
SARA LEEDOM
CO-FOUNDER & COO
- Total calculated
- $303,393
- From this org
- $303,393
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,393
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $300,393
-
MICHAEL PAYNE
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
JULIA TAFT
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
ASFAW ALEMU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
LAUREN RAWLINGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MARIEVE GAUTHIER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MARION NTIRU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DEENA BURJORJEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PEACE UWASE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
FLORENCE GATOME
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BIOR AJAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
SHIPRA KAYAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
- 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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
INKOMOKO CAPITAL LIMITED
ACCESS TO LOW-COST FINANCING FOR ENTREPRENEURS · RW · controlled entity
Directly controlled by INKOMOKO US
-
INKOMOKO ENTREPRENEURSHIP DEVELOPMENT LTD
ENTREPRENEUR MENTORING AND TRAINING · RW · controlled entity
Directly controlled by INKOMOKO CAPITAL
-
INKOMOKO LIMITED
ENTREPRENEUR MENTORING, TRAINING, AND CONSULTING · KE · controlled entity
Directly controlled by INKOMOKO US
-
INKOMOKO
ENTREPRENEUR MENTORING AND TRAINING · OD · controlled entity
Directly controlled by INKOMOKO US
-
AEC BUSINESS CONSULTING PLC DBA - INKOMOKO
ENTREPRENEUR MENTORING AND TRAINING · ET · controlled entity
Directly controlled by INKOMOKO (KENYA)
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202503009349301930
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