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African Economic Research Consortium

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521580447 ✦ Designated as a 501(c)(3)

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Overview

What is African Economic Research Consortium?

The African Economic Research Consortium (AERC) is a nonprofit organization based in Nairobi, Kenya. Their primary focus is to support African researchers in the field of economics by providing grants and financing workshops and seminars. The AERC is dedicated to promoting policy research and training, aiming to contribute to economic and social development in sub-Saharan African countries. Their activities encompass encouraging and fostering economic research that is relevant to the region, thereby advancing the region's growth and prosperity.


Official website here: www.aercafrica.org

Is African Economic Research Consortium legitimate?

African Economic Research Consortium is a legitimate nonprofit organization registered as a 501(c)(3) entity. African Economic Research Consortium 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: $649,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,024,647

For more financial information, click here


Official website here: www.aercafrica.org

What is the mission statement of African Economic Research Consortium?

The African Economic Research Consortium (AERC) is committed to fostering economic and social development in sub-Saharan African nations. They achieve this by encouraging and supporting economic research that is relevant to the region. The organization's mission is to promote progress in this area by providing financial assistance through grants, as well as by funding workshops and seminars. The research program of AERC primarily focuses on supporting African economists in their field. This is done by providing them with the necessary resources and opportunities to advance their work, contributing to the betterment of the sub-Saharan African economy.


Official website here: www.aercafrica.org

Who is the CEO of African Economic Research Consortium?

Dominique Njinkeu is the Chair Of The Board of African Economic Research Consortium.


Official website here: www.aercafrica.org

What is the revenue of African Economic Research Consortium?

African Economic Research Consortium's revenue in 2023 was $8,509,063.


Official website here: www.aercafrica.org

Who are the executives of African Economic Research Consortium and what are their salaries?

There 18 volunteers at African Economic Research Consortium.


Here are 21 key members and their salaries:


Ernest Aryeetey (Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pramila Krishnan (Vice-Chair Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Jefferis (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jean-Louis Ekra (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marie-Claude Martin (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philipp Krause (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony M Maruping (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bakayoko-Ly Ramata (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shantayanan Devarajan (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Retselisitsoe Matlanyane (Director At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Mukum Mbaka (Ex-Officio Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oliver S Saasa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Dabalen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benedict Okey Oramah (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris K Kiptoo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lesetja Kganyago (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theophile Azomahaou (Ed And Director Of Training)
  • Compensation: $112,178
  • Related: $0
  • Other: $53,261
Njuguna Ndung'U (Executive Director (End 10/2022))
  • Compensation: $169,185
  • Related: $0
  • Other: $35,357
Abebe Shimelles (Director Of Research (End 11/2022))
  • Compensation: $86,657
  • Related: $0
  • Other: $25,300
Senvy Maistry (Chief Comm. Officer)
  • Compensation: $110,040
  • Related: $0
  • Other: $32,544
Mercy Kanyi (Chief Finance Officer)
  • Compensation: $95,867
  • Related: $0
  • Other: $16,258


Official website here: www.aercafrica.org

Where can I find the form 990 for African Economic Research Consortium?

African Economic Research Consortium's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.aercafrica.org

Learn more at the official website: www.aercafrica.org

Mission Statement of African Economic Research Consortium

The African Economic Research Consortium, abbreviated as AERC, is committed to fostering advanced policy research and training with the primary objective of promoting economic and social development in Sub-Saharan African countries. This mission is achieved by encouraging and supporting economic research that is relevant to the region. The organization accomplishes this through various means, such as providing grants to African researchers in economics and financing workshops and seminars. By doing so, the AERC aims to contribute to the economic growth and development of Sub-Saharan African nations.

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Impact




October, 2024

The African Economic Research Consortium (AERC) plays a crucial role in advancing economic research and policy development in sub-Saharan Africa. By providing grants to local researchers and organizing workshops and seminars, AERC fosters a collaborative environment for knowledge sharing and skill development. This support enables African researchers to conduct relevant studies that address regional economic challenges and informs policymakers on effective strategies for economic and social development. Consequently, the AERC contributes significantly to evidence-based decision-making and helps build local capacity in economic research, ultimately promoting sustainable growth and development across the region.




This information is meant to be a general summary of African Economic Research Consortium. 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.

Revenue
$8,509,063 (2023)
Expenses
$9,348,900 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $735,963
  • Gross Receipts: $8,509,063

Assets and Liabilities:

  • Total Assets: $29,788,458
  • Total Liabilities: $4,855,753
  • Net Assets: $24,932,705

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Organization Details

Founding Year

1988

Principal Officer

Dominique Njinkeu

NTEE Category

Code: Q320 - International

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