Overview
What is Connect Africa Foundation Inc?
Connect Africa Foundation Inc, based in Newton Center, Massachusetts, is a nonprofit organization committed to supporting the development of self-sufficient citizens. They accomplish this by providing educational sponsorship to orphans, enabling them to attend school and vocational training. In addition, the foundation offers loans to assist in starting new businesses. These businesses, once established, repay the loans into a fund in Africa, which is then used to support another startup venture. Furthermore, the foundation encourages local craftsmanship by providing a marketplace for the handmade crafts produced by the community.
Official website here: www.connect-africa.org
Is Connect Africa Foundation Inc legitimate?
Connect Africa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Connect Africa Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.connect-africa.org
What is the mission statement of Connect Africa Foundation Inc?
The Connect Africa Foundation Inc's mission is centered around supporting the development of self-sufficient citizens. They achieve this by providing educational sponsorship to orphans, covering tuition, supplies, healthcare, room and board, allowing these children to attend school and vocational training. Furthermore, the foundation offers loans to assist in starting new businesses. Once these businesses become successful, they repay the loan, which is then lent to another startup venture in Africa, creating a cycle of economic development. Additionally, the foundation empowers local artisans by providing a market for the handcrafted items they produce.
Official website here: www.connect-africa.org
What is the revenue of Connect Africa Foundation Inc?
Connect Africa Foundation Inc's revenue in 2024 was $193,630.
Official website here: www.connect-africa.org
Who are the executives of Connect Africa Foundation Inc and what are their salaries?
There 6 volunteers at Connect Africa Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.connect-africa.org
Where can I find the form 990 for Connect Africa Foundation Inc?
Connect Africa Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.connect-africa.org
Learn more at the official website: www.connect-africa.org
Mission Statement of Connect Africa Foundation Inc
Connect Africa Foundation Inc, a nonprofit organization, is committed to supporting the development of self-sufficient citizens. They accomplish this by providing educational sponsorship to orphans. By covering tuition, supplies, healthcare, room and board, the foundation enables children to attend school and vocational training. In addition to educational support, Connect Africa Foundation Inc also extends financial aid to help individuals start new businesses. These businesses, upon becoming profitable, repay the loans, creating a fund that can be lent to other start-up ventures. Moreover, the organization empowers local artisans by providing them with a market to sell their handmade crafts, thereby supporting their livelihoods.
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Impact
October, 2024
Connect Africa Foundation Inc. is dedicated to fostering self-sufficient communities by empowering orphans through comprehensive educational sponsorship. It significantly impacts lives by providing essential resources such as tuition, educational supplies, healthcare, and living accommodations, enabling children to pursue education and vocational training.
Beyond education, the foundation supports entrepreneurial initiatives by offering loans to new business startups, creating a sustainable economic cycle. As these businesses repay the loans into a dedicated fund, the resources are reinvested to assist further ventures, promoting local economic growth and self-sufficiency.
Additionally, the foundation facilitates craft-making opportunities, connecting artisans with markets for their products, thereby nurturing creativity and enabling financial independence. Through these multifaceted initiatives, Connect Africa Foundation Inc. plays a crucial role in transforming lives and building resilient communities in Africa.
This information is meant to be a general summary of Connect Africa Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $10,051
- Program Service Revenue: $52,793
- Gross Receipts: $233,081
Assets and Liabilities:
- Total Assets: $1,066,951
- Total Liabilities: $0
- Net Assets: $1,066,951
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$52,793
Organization Details
Founding Year
2005
Principal Officer
Gabriella Salvatore
Website
www.connect-africa.orgNTEE Category
Code: Q30 - International
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