Totals
- Total revenue
- $3,660,623
- Total expenses
- $4,096,543
- Contributions and grants received
- $3,282,457
- Grants paid
- $0
- Program service revenue
- $308,790
- Investment income
- $67,395
- Other revenue
- $1,981
- Total assets, end of year
- $3,941,218
- Total liabilities, end of year
- $2,386,432
- Net assets or fund balances, end of year
- $1,554,786
- Program services expenses (Part IX)
- $3,090,991
- Management and general expenses
- $1,005,552
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,090,991
Program services were 75.5% 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.
-
1b · Membership dues
$827,500
-
1e · Government grants (contributions)
$138,186
-
1f · All other contributions, gifts and grants
$2,316,771
-
2a · Program service revenue: Conference registration
total $308,790 · unrelated business $0 · excluded $0
-
3 · Investment income
total $67,395 · unrelated business $0 · excluded $67,395
-
6a · Gross rents
real property $27,000
-
6b · Less rental expenses
real property $27,000
-
11d · All other revenue
total $1,981 · related or exempt $1,981 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$1,981
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $270,000 · program services $150,000 · management and general $120,000 · fundraising $0
-
7 · Other salaries and wages
total $728,480 · program services $468,525 · management and general $259,955 · fundraising $0
-
8 · Pension plan contributions
total $39,875 · program services $25,077 · management and general $14,798 · fundraising $0
-
9 · Other employee benefits
total $116,905 · program services $73,520 · management and general $43,385 · fundraising $0
-
10 · Payroll taxes
total $71,650 · program services $45,060 · management and general $26,590 · fundraising $0
-
11a · Fees: management
total $428,330 · program services $240,080 · management and general $188,250 · fundraising $0
-
11b · Fees: legal
total $29,059 · program services $0 · management and general $29,059 · fundraising $0
-
11c · Fees: accounting
total $31,806 · program services $0 · management and general $31,806 · fundraising $0
-
11g · Fees: other
total $157,579 · program services $137,154 · management and general $20,425 · fundraising $0
-
12 · Advertising and promotion
total $62,531 · program services $62,531 · management and general $0 · fundraising $0
-
13 · Office expenses
total $47,657 · program services $34,543 · management and general $13,114 · fundraising $0
-
14 · Information technology
total $67,582 · program services $30,605 · management and general $36,977 · fundraising $0
-
16 · Occupancy
total $344,757 · program services $233,793 · management and general $110,964 · fundraising $0
-
17 · Travel
total $324,860 · program services $268,444 · management and general $56,416 · fundraising $0
-
19 · Conferences, conventions and meetings
total $1,205,793 · program services $1,201,590 · management and general $4,203 · fundraising $0
-
20 · Interest
total $23,684 · program services $0 · management and general $23,684 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,704 · program services $0 · management and general $2,704 · fundraising $0
-
23 · Insurance
total $8,614 · program services $5,417 · management and general $3,197 · fundraising $0
-
24a · Other expenses: Photography
total $54,724 · program services $54,724 · management and general $0 · fundraising $0
-
24b · Other expenses: Gifts
total $24,952 · program services $14,928 · management and general $10,024 · fundraising $0
-
24c · Other expenses: Bad debts
total $45,000 · program services $45,000 · management and general $0 · fundraising $0
-
24e · All other expenses
total $10,001 · program services $0 · management and general $10,001 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,564,588 · end of year $108,976
-
2 · Savings and temporary cash investments
end of year $1,728,867
-
4 · Accounts receivable
beginning of year $920,350 · end of year $158,850
-
9 · Prepaid expenses and deferred charges
beginning of year $59,109 · end of year $253,610
-
10a · Land, buildings and equipment: cost or other basis
$229,750
-
10b · Land, buildings and equipment: accumulated depreciation
$190,264
-
10c · Land, buildings and equipment, net
beginning of year $42,190 · end of year $39,486
-
15 · Other assets
beginning of year $1,954,443 · end of year $1,651,429
-
17 · Accounts payable and accrued expenses
beginning of year $152,719 · end of year $128,296
-
19 · Deferred revenue
beginning of year $134,953 · end of year $404,953
-
23 · Secured mortgages and notes payable
beginning of year $120,340
-
24 · Unsecured notes and loans payable
beginning of year $161,057 · end of year $158,403
-
25 · Other liabilities
beginning of year $1,980,904 · end of year $1,694,780
-
27 · Net assets without donor restrictions
beginning of year $1,990,707 · end of year $1,321,733
-
28 · Net assets with donor restrictions
end of year $233,053
Mission and programs · 2023
Mission
The Corporate Council on Africa works to enhance U.S.-Africa trade, investment, and business by providing to U.S. and African public and private sector leaders the access, connections, and insights needed to successfully engage on the continent.
-
The Corporate Council on Africa worked to enhance U.S.-Africa trade, investment, and business by providing to U.S. and African public and private sector leaders the access, connections, and insights needed to successfully engage on the continent
Expenses $2,839,867
-
Other program expenses include membership services and recruitment and expenses incurred for the Africa Health Security and Resilience program.
Expenses $251,124
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Florizelle Liser
President and CEO
- Total calculated
- $276,075
- From this org
- $270,000
- From related orgs
- $0
- Other
- $6,075
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $20,000
- Other
- $0
- Deferred
- $6,075
- Nontaxable benefits
- $0
- Filer's total
- $276,075
-
Hillary Lucas
Human Resource Director
- Total calculated
- $154,798
- From this org
- $130,000
- From related orgs
- $0
- Other
- $24,798
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,000
- Bonus
- $10,000
- Other
- $0
- Deferred
- $7,250
- Nontaxable benefits
- $17,548
- Filer's total
- $154,798
-
Biova Kabine
Senior Director, Programs
- Total calculated
- $231,145
- From this org
- $195,000
- From related orgs
- $0
- Other
- $36,145
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,000
- Bonus
- $50,000
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $30,145
- Filer's total
- $231,145
-
Jeffery Sturchio
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Mohamad Darwish
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Salvador Perez Galindo
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Clay Neff Jr
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
John Olajide
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Sullivan
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Adamassu Tadesse
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
William Ward
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Olugbenga Agboola
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Jean Boulle
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Nneka Chime
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Akin Dawodu
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Akol Ayii
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Temitope Iluyemi
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom McDonald
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Mima Nedelcovych
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
J Hunter Farris
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Khululiwe Mabaso
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Mohamed El Sahili
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Patricia Obozuwa
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
Angela Wasunna
Individual Trustee or Director
- Total calculated
- $0
- Hours/week
- 1
-
James Winkler
Individual Trustee or 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. 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
None.
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
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349311376
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