Overview
What is Inkomoko?
Inkomoko, officially known as African Entrepreneurship Collective (AEC), is a nonprofit organization based in Clinton, Washington. With a dedicated team of three individuals, their mission is to empower African entrepreneurs by helping them grow their businesses. This, in turn, creates job opportunities, improves livelihoods, and fosters sustainable economic development within their communities. Since its establishment in 2012, AEC has served over 50,000 clients across Rwanda, Kenya, and Ethiopia, including refugee entrepreneurs. Their services extend to providing training and consulting to micro and small businesses, ultimately contributing to community growth.
Official website here: www.africanentrepreneurcollective.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47% (Zero-Star out of Four Stars)
Inkomoko has received a 47% rating from Charity Navigator, which translates to a Zero-Star rating. This indicates significant concerns regarding the organization’s financial health and efficiency. While it does have a majority of independent board members and strong policies in place for oversight and governance, the overall score reflects serious limitations in its financial performance.
The organization displays strengths in governance, with an independent board and robust policies like conflict of interest and whistleblower protections. However, the financial ratios reveal troubling aspects; specifically, a very low program expense ratio of 12.56% and a fundraising efficiency ratio of just $0.01 suggest that a minimal portion of funds raised is being allocated to programs that directly benefit its mission.
Additionally, the liabilities to assets ratio is concerning at 17.42%, indicating potential financial risk. Overall, while Inkomoko has established a solid governance framework, the organization's financial management raises red flags that could affect its long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Inkomoko legitimate?
Inkomoko is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inkomoko 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: $359,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,523
For more financial information, click here
Official website here: www.africanentrepreneurcollective.org
What is the mission statement of Inkomoko?
Inkomoko, an organization dedicated to supporting African entrepreneurs, aims to facilitate the growth of these businesses. The ultimate goal is to create job opportunities, enhance livelihoods, and foster sustainable economic development within the entrepreneurs' communities. Inkemoko has been providing training and consulting services to micro and small businesses across Rwanda, Kenya, and Ethiopia, including those run by refugee entrepreneurs. Since its inception in 2012, Inkomoko has worked with over 50,000 clients, demonstrating its commitment to empowering entrepreneurs and driving economic development in Africa.
Official website here: www.africanentrepreneurcollective.org
Who is the CEO of Inkomoko?
Sara Leedom is the Co-Founder & Ceo of Inkomoko. The CEO's salary of Inkomoko is $179,500 and their total compensation is $182,529.
Official website here: www.africanentrepreneurcollective.org
What is the revenue of Inkomoko?
Inkomoko's revenue in 2022 was $5,889,294.
Official website here: www.africanentrepreneurcollective.org
Who are the executives of Inkomoko and what are their salaries?
The average compensation at Inkomoko during 2022 was $145,174. There are 3 employees and 13 volunteers at Inkomoko.
Here are 12 key members and their salaries (Inkomoko's CEO's salary is $179,500 and their total compensation is $182,529):
- Compensation: $179,500
- Related: $0
- Other: $3,029
- Compensation: $179,500
- Related: $0
- Other: $3,029
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.africanentrepreneurcollective.org
Where can I find the form 990 for Inkomoko?
Inkomoko's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.africanentrepreneurcollective.org
Learn more at the official website: www.africanentrepreneurcollective.org
Mission Statement of Inkomoko
Inkomoko, a nonprofit organization, is dedicated to supporting African entrepreneurs in their quest to grow their businesses. This mission is aimed at creating jobs, improving livelihoods, and fostering lasting economic development within their communities. Through its activities, Inkomoko provides training and consulting services to micro and small businesses across various African countries, including Rwanda, Kenya, and Ethiopia. This extends to refugee entrepreneurs as well. By the end of 2022, Inkomoko had worked with over 50,000 clients since its inception in 2012, demonstrating its commitment to this mission.
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Impact
July, 2024
Inkomoko's impact can be seen in the significant growth of African entrepreneurs' businesses, resulting in the creation of jobs, improved livelihoods, and lasting economic development in their communities. They have provided training and consulting services to micro and small businesses across Rwanda, Kenya, and Ethiopia, including refugee entrepreneurs. By the end of 2022, Inkomoko had worked with more than 50,000 clients since its founding in 2012. Through their support and guidance, these entrepreneurs have been able to expand their businesses, contribute to job creation, and foster economic growth in their respective regions.
This information is meant to be a general summary of Inkomoko. 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 2022.
- Investment Income: $12,988
- Program Service Revenue: $1,129,133
- Gross Receipts: $5,889,294
Assets and Liabilities:
- Total Assets: $6,204,584
- Total Liabilities: $1,080,935
- Net Assets: $5,123,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENTREPRENEUR MENTORING & TRAINING
Revenue
$1,129,133
Organization Details
Founding Year
2012
Phone
(415) 815-7576Principal Officer
Sara Leedom
Main Address
PO BOX 209, CLINTON, WA, 98236
NTEE Category
Code: Q33 - International
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