Skip to content
Nonprofiteer
← THE GEANCO FOUNDATION

Form 990 for tax year 2024

Filed by THE GEANCO FOUNDATION.

Totals

Total revenue
$1,078,001
Total expenses
$1,141,828
Contributions and grants received
$1,059,720
Grants paid
$100,000
Program service revenue
$0
Investment income
$18,281
Other revenue
$0
Total assets, end of year
$914,459
Total liabilities, end of year
$80,340
Net assets or fund balances, end of year
$834,119
Program services expenses (Part IX)
$894,401
Management and general expenses
$96,154
Fundraising expenses
$151,273
Program service expenses (Part III)
$894,401

Program services were 78.3% 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

    $1,059,720

  • 3 · Investment income

    total $18,281 · excluded $18,281

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $100,000 · program services $100,000

  • 5 · Compensation of officers, directors and key employees

    total $279,729 · program services $197,405 · management and general $52,393 · fundraising $29,931

  • 9 · Other employee benefits

    total $15,118 · program services $10,669 · management and general $2,832 · fundraising $1,617

  • 10 · Payroll taxes

    total $22,378 · program services $15,792 · management and general $4,191 · fundraising $2,395

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 13 · Office expenses

    total $28,814 · management and general $18,560 · fundraising $10,254

  • 17 · Travel

    total $11,628 · program services $8,206 · management and general $2,178 · fundraising $1,244

  • 24a · Other expenses: PROGRAM - EDUCATION

    total $307,482 · program services $307,482

  • 24b · Other expenses: PROGRAM - HEALTH AND ME

    total $254,847 · program services $254,847

  • 24c · Other expenses: FUNDRAISING

    total $105,832 · fundraising $105,832

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $703,500 · end of year $524,023

  • 3 · Pledges and grants receivable

    beginning of year $51,446 · end of year $92,040

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,018 · end of year $93,621

  • 11 · Investments: publicly traded securities

    beginning of year $180,583 · end of year $204,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $80,793 · end of year $80,340

  • 27 · Net assets without donor restrictions

    beginning of year $601,011 · end of year $605,387

  • 28 · Net assets with donor restrictions

    beginning of year $272,743 · end of year $228,732

Mission and programs · 2024

Mission

GEANCO'S MISSION IS TO SAVE AND IMPROVE LIVES IN AFRICA. THE PRINCIPAL ACTIVITIES OF THE FOUNDATION ARE TO RECEIVE AND/OR MAINTAIN FUNDS WHICH ARE USED FOR SPECIAL MEDICAL MISSIONS, MATERNAL AND INFANT HEALTH PROGRAMS, AND SUPPORT OF SCHOOLS IN AFRICA.

  • IN 2024, GEANCO FUNDED SURGERIES PERFORMED BY LOCAL, NIGERIAN SURGEONS ACROSS NIGERIA. A TOTAL OF 78 SURGERIES WERE SUCCESSFULLY COMPLETED WITHIN 10 NON-CONSECUTIVE DAYS. THE PROCEDURES INCLUDED HERNIORRHAPHY, HYDROCELECTOMY, THYROIDECTOMY, EXCISION BIOPSY, VAGINAL HYSTERECTOMY, MYOMECTOMY, AND CYSTECTOMY, AMONG OTHERS. IN 2023, THE ORGANIZATION WAS ABLE TO PERFORM A LAPAROSCOPIC SURGICAL MISSION AT LIFE INTERNATIONAL HOSPITAL IN NIGERIA. THE ORGANIZATION BROUGHT US SURGEONS THAT WORKED WITH NIGERIAN SURGEONS AND ANESTHESIOLOGISTS AND PERFORMED 73 PROCEDURES ON 33 PATIENTS IN FOUR DAYS. THEY ALSO PROVIDED HANDS-ON LAPAROSCOPIC SURGERY TRAINING AND GAVE LECTURES TO 25 NIGERIAN SURGEONS AND DOCTORS WHO TRAVELED FROM ALL OVER THE COUNTRY TO PARTICIPATE IN THE TRAINING.THE FOUNDATION HAS SIX MATERNITY CENTER CLINICS IN OPERATION IN NIGERIA AS OF JUNE OF 2024. ALL ARE SOLAR POWERED AND PROVIDE PRENATAL AND POSTNATAL CARE, AS WELL AS DELIVERY SERVICES AND VACCINATIONS. THE FOUNDATION HAS A LEADERSHIP SCHOLARSHIP PROGRAM FOR GIRLS IN NIGERIA WHO HAVE BEEN NEGATIVELY IMPACTED BY ACTS OF TERRORISM AND GENDER INEQUALITY. DURING 2021, THE FOUNDATION CONTINUED THE EXPANSION OF ITS ANEMIA PROGRAM AT FOUR HOSPITALS AND CLINICS IN SOUTHEAST NIGERIA. THE FOUNDATIONS LEADERS MADE OFFICIAL VISITS TO THE PARTNER HOSPITALS THAT MANAGE THE DAILY SCREENING AND TREATMENT OF VULNERABLE WOMEN AND CHILDREN FOR ANEMIA, A DANGEROUS BLOOD CONDITION.INCLUDED IN THIS TOTAL ARE ALSO A PORTION OF THE SALARIES OF THE FOUNDATIONS ONLY TWO EMPLOYEES.

    Expenses $428,136 · Grants $100,000

  • IN 2024, GEANCO ANNOUNCED A PARTNERSHIP WITH TWO-TIME NBA MVP SUPERSTAR AND CURRENT MILWAUKEE BUCKS PLAYER GIANNIS ANTETOKOUNMPO AND THE CHARLES ANTETOKOUNMPO FAMILY FOUNDATION TO UNVEIL THEIR INAUGURAL $50,000 COMMUNITY CENTER IN NAWFIA, A VILLAGE IN SOUTHEAST NIGERIA. THE CENTER OFFERS RESOURCES SUCH AS A COMPUTER LAB, LIBRARY WITH EDUCATIONAL MATERIALS, AND SPORTS AND MUSIC EQUIPMENT AND WILL SERVE AS A GATHERING SPACE FOR THE COMMUNITY.

    Expenses $211,418

  • GEANCO OPERATED SIX MATERNITY CENTER CLINICS IN OPERATION IN NIGERIA IN 2024, WITH THE FIRST MATERNITY CENTER DEVELOPED AND BUILT DURING 2020. ALL ARE SOLAR POWERED AND PROVIDE PRENATAL AND POSTNATAL CARE, AS WELL AS DELIVERY SERVICES AND VACCINATIONS. EACH MONTH, OVER 2000 WOMEN RECEIVED CARE AT THESE CENTERS; HUNDREDS OF BABIES ARE BORN, AND HUNDREDS OF INFANTS ARE VACCINATED.

    Expenses $254,847

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Afam Onyema

    CEO AND CO-FOUNDER

    Total calculated
    $254,847
    From this org
    $239,729
    From related orgs
    $0
    Other
    $15,118
    Hours/week
    70

    Schedule J breakdown matched by us

    Base
    $172,000
    Bonus
    $67,729
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,118
    Filer's total
    $254,847

  • Dr Godwin Onyema

    PRESIDENT AND CO-FOUNDER

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

  • Tony Archibong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Kevin El-Hayek

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Mark Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Steve Kirschner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Sam Neswick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Ebele Onyema

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Gozie Onyema

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Nche Onyema

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

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 · Form 990 of other organizations
  • 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
2024
Filed
23 October 2025
IRS schema version
2024v5.2
Source object
202533019349302548

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.