Overview
What is Eastern Congo Initiative?
The Eastern Congo Initiative (ECI) is a nonprofit organization based in Minneapolis, Minnesota, dedicated to empowering the people of the Democratic Republic of Congo (DRC) by providing grants, building markets, and advocating for their causes. ECI collaborates with local community-based organizations to develop sustainable opportunities in economic development, access to justice, maternal and child health, and education. Additionally, they connect Congolese farmers with global markets for coffee and cocoa, and advocate for increased investments in the DRC's potential. ECI's mission is to improve the quality and quantity of investments in the DRC by supporting innovative Congolese-led solutions, fostering collaborative partnerships, and advocating for policy changes through grassroots activism and targeted media campaigns. They envision a vibrant DRC with opportunities for economic and social development, where a robust civil society can thrive.
Official website here: www.easterncongo.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97% (Four-Star out of Four Stars)
The Eastern Congo Initiative has received a commendable Four-Star rating from Charity Navigator, reflecting its strong focus on accountability and financial health. The organization achieved a perfect score in several key areas, most notably having a fully independent board and maintaining high standards for financial oversight. This indicates a solid governance structure, which is crucial for ensuring donor trust and effective use of resources.
The organization demonstrates a robust program expense ratio of 76.22%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, its fundraising efficiency is impressive, with a low cost of raising funds at just $0.05 per dollar, showcasing its ability to maximize donor contributions. The high working capital ratio also suggests that the initiative is well-positioned to meet its operational needs and sustain its programs.
While the data does not highlight any major concerns, it is important for potential donors to consider the overall mission and impact of the Eastern Congo Initiative beyond just financial metrics. Engaging with the organization directly or exploring its projects can provide a more comprehensive understanding of its contributions to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Eastern Congo Initiative legitimate?
Eastern Congo Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eastern Congo Initiative 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: $222,366
Professional Fundraising Fees: $0
Other Salaries and Wages: $972,319
For more financial information, click here
Official website here: www.easterncongo.org
What is the mission statement of Eastern Congo Initiative?
The Eastern Congo Initiative (ECI) is a U.S.-based organization dedicated to advocating for and supporting innovative solutions in the Democratic Republic of Congo (DRC). Their mission is to boost investments in the DRC by backing Congolese-led projects, fostering collaborative partnerships, and advocating for increased attention and policy changes through grassroots activism and targeted media campaigns. ECI envisions a prosperous DRC with abundant opportunities for economic and social development, allowing a thriving civil society to flourish. They believe in the significance of community-driven approaches for creating a sustainable and successful society in Eastern Congo, and they believe that public-private partnerships coupled with advocacy can drive attention and policy change, opening up new opportunities for the people of the DRC.
Official website here: www.easterncongo.org
Who is the CEO of Eastern Congo Initiative?
Abraham Leno is the Co Founder-Board President of Eastern Congo Initiative.
Official website here: www.easterncongo.org
What is the revenue of Eastern Congo Initiative?
Eastern Congo Initiative's revenue in 2023 was $5,430,160.
Official website here: www.easterncongo.org
Who are the executives of Eastern Congo Initiative and what are their salaries?
The average compensation at Eastern Congo Initiative during 2023 was $119,468. There are 10 employees and 4 volunteers at Eastern Congo Initiative.
Here are 9 key members and their salaries:
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- Compensation: $187,909
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- Other: $34,458
Official website here: www.easterncongo.org
Where can I find the form 990 for Eastern Congo Initiative?
Eastern Congo Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.easterncongo.org
Learn more at the official website: www.easterncongo.org
Mission Statement of Eastern Congo Initiative
The Eastern Congo Initiative (ECI) is a U.S.-based advocacy and grant-making organization that is wholly focused on working with and for the people of the Democratic Republic of Congo (DRC). With a mission to increase the quantity and quality of investments in the DRC, ECI supports innovative Congolese-led solutions, develops collaborative partnerships, and drives increased attention and public policy change through grassroots advocacy and targeted media activities. The organization envisions a vibrant DRC, abundant with opportunities for economic and social development, where a robust civil society can flourish. ECI believes in the importance of local, community-based approaches to create a sustainable and successful society in Eastern Congo. They work towards achieving this by leveraging public and private partnerships, coupled with advocacy, to drive increased attention and public policy change, thereby creating new opportunities for the people of the DRC.
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Impact
July, 2024
Eastern Congo Initiative's impact includes providing grants and administrative support to innovative community-based organizations in Eastern DRC. By doing so, they help create sustainable opportunities for economic development, access to justice, maternal and child health, and access to education and information. Additionally, Eastern Congo Initiative connects Congolese farmers with global markets for coffee and cocoa, contributing to the economic growth of the region. Through relentless advocacy in the U.S. and globally, they work to increase the quality and quantity of investment in the Democratic Republic of Congo, aiming to bring positive change and opportunities to the people of the country.
This information is meant to be a general summary of Eastern Congo Initiative. 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 2023.
- Gross Receipts: $5,466,822
Assets and Liabilities:
- Total Assets: $9,024,161
- Total Liabilities: $440,200
- Net Assets: $8,583,961
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Organization Details
Founding Year
2011
Phone
(612) 872-7060Principal Officer
Abraham Leno
Main Address
1325 QUINCY STREET NE A1, MINNEAPOLIS, MN, 55413
Website
www.easterncongo.orgNTEE Category
Code: P12 - Human services
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