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Nonprofiteer
← AFRICAN LEADERSHIP FOUNDATION

Form 990 for tax year 2023

Filed by AFRICAN LEADERSHIP FOUNDATION.

Totals

Total revenue
$17,112,104
Total expenses
$21,977,541
Contributions and grants received
$15,681,105
Grants paid
$21,182,954
Program service revenue
$0
Investment income
$953,362
Other revenue
$477,637
Total assets, end of year
$35,047,941
Total liabilities, end of year
$14,543,149
Net assets or fund balances, end of year
$20,504,792
Program services expenses (Part IX)
$21,392,644
Management and general expenses
$339,288
Fundraising expenses
$245,609
Program service expenses (Part III)
$21,392,644

Program services were 97.3% 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.

  • 1f · All other contributions, gifts and grants

    $15,681,105

  • 1g · Noncash contributions included above

    $2,121,474

  • 3 · Investment income

    total $633,021 · excluded $633,021

  • 7a · Gross sales of assets other than inventory

    securities $13,526,046

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

    securities $13,205,705

  • 7c · Gain or loss

    securities $320,341

  • 7d · Net gain or loss

    total $320,341 · excluded $320,341

  • 11a · Other revenue: MANAGEMENT FEE

    total $445,440 · excluded $445,440

  • 11b · Other revenue: FISCAL SPONSORSHIP FEE

    total $32,197 · excluded $32,197

  • 11e · Other revenue, total

    $477,637

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $21,182,954 · program services $21,182,954

  • 5 · Compensation of officers, directors and key employees

    total $188,464 · management and general $18,846 · fundraising $169,618

  • 7 · Other salaries and wages

    total $218,147 · program services $151,840 · management and general $7,972 · fundraising $58,335

  • 8 · Pension plan contributions

    total $10,654 · program services $8,875 · management and general $199 · fundraising $1,580

  • 9 · Other employee benefits

    total $24,545 · program services $20,579 · management and general $445 · fundraising $3,521

  • 10 · Payroll taxes

    total $30,699 · program services $16,706 · management and general $1,438 · fundraising $12,555

  • 11b · Fees: legal

    total $2,664 · management and general $2,664

  • 11c · Fees: accounting

    total $64,640 · management and general $64,640

  • 11f · Fees: investment management

    total $125,457 · management and general $125,457

  • 11g · Fees: other

    total $83,449 · management and general $83,449

  • 13 · Office expenses

    total $2,696 · management and general $2,696

  • 14 · Information technology

    total $3,481 · management and general $3,481

  • 16 · Occupancy

    total $656 · program services $656

  • 17 · Travel

    total $7,058 · program services $1,148 · management and general $5,910

  • 23 · Insurance

    total $5,432 · management and general $5,432

  • 24a · Other expenses: OTHER EXPENSE

    total $26,545 · program services $9,886 · management and general $16,659

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500,240 · end of year $112,904

  • 2 · Savings and temporary cash investments

    beginning of year $1,071,968 · end of year $3,809,642

  • 3 · Pledges and grants receivable

    beginning of year $595,000 · end of year $941,149

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,374 · end of year $17,909

  • 10a · Land, buildings and equipment: cost or other basis

    $15,655

  • 10b · Land, buildings and equipment: accumulated depreciation

    $15,655

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $32,125,169 · end of year $29,836,763

  • 15 · Other assets

    beginning of year $161,961 · end of year $329,574

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,357 · end of year $2,149,607

  • 25 · Other liabilities

    beginning of year $11,117,213 · end of year $12,393,542

  • 27 · Net assets without donor restrictions

    beginning of year $1,353,463 · end of year $2,287,028

  • 28 · Net assets with donor restrictions

    beginning of year $21,984,679 · end of year $18,217,764

Mission and programs · 2023

Mission

AFRICAN LEADERSHIP FOUNDATION SEEKS TO DEVELOP YOUNG LEADERS AND ENTREPRENEURS FOR THE AFRICAN CONTINENT. WE PRIMARILY CARRY OUT THIS MISSION BY SUPPORTING THE ESTABLISHMENT AND GROWTH OF AFRICAN LEADERSHIP ACADEMY, A PAN-AFRICAN INSTITUTION THAT SEEKS TO TRANSFORM AFRICA BY DEVELOPING AND CONNECTING THE NEXT GENERATION OFAFRICAN LEADERS.

Activities or mission (Part I)

THE AFRICAN LEADERSHIP FOUNDATION IS A NON PROFIT ORGANIZATION THAT SUPPORTS TRANSFORMATIVE CHANGE IN AFRICA BY DEVELOPING AND CONNECTING THE CONTINENT'S NEXT GENERATION OF LEADERS.

  • AFRICAN LEADERSHIP FOUNDATION STAFF PROVIDED SUPPORT TO ALA GRADUATES AND MASTERCARD FOUNDATION SCHOLARS ATTENDING UNIVERSITIES ACROSS THE U.S., CANADA, AND COSTA RICA. THEY PROVIDED REGULAR ONE-ON-ONE PSYCHOSOCIAL SUPPORT TO FIRST YEAR STUDENTS AND MATCHED OVER 90% OF FRESHMEN WHO OPTED IN TO THE FIRST YEAR TRANSITION PROGRAM WITH A LOCAL HOST FAMILY. THEY MANAGED THE FRESHMAN ORIENTATION PROGRAM, OVERSEEING FRESHMEN ORIENTATIONS HOSTED AROUND THE U.S. THEY PLANNED AND EXECUTED CHAPTER EVENTS THROUGHOUT THE U.S. IN CONJUNCTION WITH THE REGIONAL CHAPTERS. LED THE ANNUAL BARAZA PROFESSIONAL DEVELOPMENT CONFERENCE, PROVIDING PROGRAMMING AND INTERNSHIP AND JOB PREPARATION FOR ALA ALUMNI AND MCF SCHOLARS.

    Expenses $21,392,644 · Grants $21,182,954

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Bradford

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Peter Baird

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Euler Bropleh

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Queen Chinyere Quinn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sneha Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Alan Main

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tayo Oviosu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Molly Efrusy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Aida Ndiaye

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Eisner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wade Zamechek

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $173,181
    From this org
    $166,815
    From related orgs
    $0
    Other
    $6,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,815
    Bonus
    $0
    Other
    $0
    Deferred
    $5,654
    Nontaxable benefits
    $712
    Filer's total
    $173,181

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 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531299349304073

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