Totals
- Total revenue
- $2,806,169
- Total expenses
- $14,826
- Contributions and grants received
- $2,806,169
- Grants paid
- $3,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,804,941
- Total liabilities, end of year
- $13,598
- Net assets or fund balances, end of year
- $2,791,343
- Program services expenses (Part IX)
- $3,000
- Management and general expenses
- $5,826
- Fundraising expenses
- $6,000
- Program service expenses (Part III)
- $3,000
Program services were 20.2% 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.
-
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
$2,806,169
-
1g · Noncash contributions included above
$0
-
2f · All other program service revenue
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
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $3,000 · program services $3,000
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0 · management and general $0
-
11c · Fees: accounting
total $3,400 · management and general $3,400
-
11g · Fees: other
total $3,800 · fundraising $3,800
-
13 · Office expenses
total $2,210 · management and general $10 · fundraising $2,200
-
14 · Information technology
total $1,188 · management and general $1,188
-
22 · Depreciation, depletion and amortization
total $1,228 · management and general $1,228
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $802,001
-
3 · Pledges and grants receivable
end of year $1,960,000
-
4 · Accounts receivable
end of year $40,298
-
10a · Land, buildings and equipment: cost or other basis
$5,014
-
10b · Land, buildings and equipment: accumulated depreciation
$2,372
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $2,642
-
17 · Accounts payable and accrued expenses
end of year $13,598
-
27 · Net assets without donor restrictions
beginning of year $0 · end of year $2,791,343
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
At the African Visionary Fund, our mission is to drive more funding to African visionaries to accelerate their impact.
Activities or mission (Part I)
The African Visionary Fund was established to address inequities in philanthropy by providing unrestricted funding to local African organizations. Primary activities include offering financial inclusion solutions, primarily in Africa, to unlock economic potential.
-
While African Visionary Fund continues to strive to achieve their mission, all programatic work in 2023 was through their fiscal sponsor, Myriad USA formerly known as King Baudouin Foundation United States. Almost all programatic revenue and expenses have been recorded and reported by their fiscal sponsor. African Visionary Fund received their 501c3 in 2023, and opened a separate bank account to begin the separation process from the fiscal sponsor. Any revenue or expenses that came into African Visionary Fund's new bank account has been reported on this 990.
Expenses $3,000 · Grants $3,000 · Revenue $2,806,169
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Melizsa Mugyenyi
Chair/President
- Total calculated
- $0
- Hours/week
- 1.5
-
Jailan Adly
Secretary
- Total calculated
- $0
- Hours/week
- 1.5
-
Katie Bunten-Wamaru
Co-CEO
- Total calculated
- $0
- Hours/week
- 40
-
Atti Worku
Co-CEO
- Total calculated
- $0
- Hours/week
- 40
-
Evelyn Omala
Director
- Total calculated
- $0
- Hours/week
- 1
-
Misan Rewane
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Suzy Puplampu
Treasurer
- Total calculated
- $0
- Hours/week
- 1.5
-
Milton Speid
Director
- Total calculated
- $0
- Hours/week
- 1
-
Wawira Njiru
Director
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202423189349308022
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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