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Africas Brain Bank

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

EIN: 832543964 ✦ Houston, TX ✦ Designated as a 501(c)(3)

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Overview

What is Africas Brain Bank?

Africas Brain Bank is a nonprofit organization dedicated to reaching out to Africans in the diaspora. Their primary mission is to educate, empower, and provide guidance to this community. Through organized outreach efforts, they aim to foster community development. The organization's activities are centered around this mission, with a focus on mobilizing Africans to contribute positively to their communities.

Is Africas Brain Bank legitimate?

Africas Brain Bank is a legitimate nonprofit organization registered as a 501(c)(3) entity. Africas Brain Bank 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: $8,335
Other Salaries and Wages: $67,907

For more financial information, click here

What is the mission statement of Africas Brain Bank?

Africas Brain Bank's mission is centered around reaching out to Africans in the diaspora, aiming to educate, empower, and provide guidance. They are organized under the banner of Africans for Community Outreach and Development, with a focus on community outreach and development initiatives. The organization's primary goal is to engage and support the African diaspora, empowering them with the necessary knowledge and tools for personal growth and community betterment.

Who is the CEO of Africas Brain Bank?

Pamela Fomunung is the Ceo of Africas Brain Bank. The CEO's salary of Africas Brain Bank is $0 and their total compensation is $0.

What is the revenue of Africas Brain Bank?

Africas Brain Bank's revenue in 2021 was $193,679.

Who are the executives of Africas Brain Bank and what are their salaries?


There is 1 key member and their salary:


Pamela Fomunung (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Africas Brain Bank?

Africas Brain Bank's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Africas Brain Bank

Africas Brain Bank, an organization dedicated to community outreach and development, is committed to educating, empowering, and guiding Africans in the diaspora. Its mission, as stated, is to organize Africans for this purpose, aiming to make a significant impact on their lives. By providing guidance and resources, Africas Brain Bank seeks to foster a sense of unity and progress among Africans worldwide.

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Impact




October, 2024

Africa's Brain Bank significantly impacts the African diaspora by fostering education, empowerment, and guidance. Through outreach initiatives based in Houston, TX, it facilitates community engagement, helping Africans in the diaspora connect with one another and contribute positively to their communities. By organizing events and programs focused on community development, Africa's Brain Bank enhances the social and economic well-being of its members and creates a network of support. This collaborative environment allows individuals to share resources, knowledge, and opportunities, ultimately contributing to the diaspora's overall growth and resilience.




This information is meant to be a general summary of Africas Brain Bank. 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
$193,679 (2021)
Expenses
$175,631 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $19,755
  • Gross Receipts: $193,679

Assets and Liabilities:

  • Total Assets: $211,727
  • Total Liabilities: $193,679
  • Net Assets: $18,048

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Organization Details

Founding Year

2018

Principal Officer

Pamela Fomunung

Main Address

8544 WEST BELFORT, HOUSTON, TX, 77071

NTEE Category

Code: T50 - Philanthropy

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