Overview
What is Aya Foundation?
The Aya Foundation, situated in Denver, Colorado, serves as a fiscal sponsor, enabling the operation and administration of various projects. One of their key initiatives is the New Community Transformation Fund (NCTF), a private equity fund that invests in businesses and entrepreneurs of color in Colorado. This philanthropic support enables Aya Foundation to reach its full potential and dedicate resources to finding investors for the fund. Additionally, the foundation supports three crucial programs: the first and only place-based equity venture fund for business owners and entrepreneurs of color, the Latino Leadership Institute, an entrepreneur accelerator for Latinx businesses, and DivInc, a tech-focused entrepreneur accelerator for BIPOC individuals. The Aya Foundation's mission is to drive an Economic Revolution, empowering the Black community by providing access to education, training, networks, and funding, thereby supporting their wealth-building efforts.
Official website here: www.ayafoundation.org
Is Aya Foundation legitimate?
Aya Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aya Foundation 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: $72,196
Professional Fundraising Fees: $1,035
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ayafoundation.org
What is the mission statement of Aya Foundation?
The Aya Foundation's mission is centered around leading an Economic Revolution. They aim to accomplish this by providing opportunities for the Black community to build wealth. This is achieved through offering access to education, training, networks, and financing. The foundation has supported various initiatives, such as the New Community Transformation Fund, which channels equity capital to businesses owned by people of color. Furthermore, they have established programs like the Latino Leadership Institute entrepreneur accelerator and DivInc, a tech-focused entrepreneur accelerator for BIPOC individuals.
Official website here: www.ayafoundation.org
Who is the CEO of Aya Foundation?
Hanifah Chiku is the Treasurer of Aya Foundation.
Official website here: www.ayafoundation.org
What is the revenue of Aya Foundation?
Aya Foundation's revenue in 2022 was $1,883,327.
Official website here: www.ayafoundation.org
Who are the executives of Aya Foundation and what are their salaries?
There 9 volunteers at Aya Foundation.
Here are 9 key members and their salaries:
- Compensation: $72,195
- Related: $0
- Other: $0
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- Other: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
Official website here: www.ayafoundation.org
Where can I find the form 990 for Aya Foundation?
Aya Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ayafoundation.org
Learn more at the official website: www.ayafoundation.org
Mission Statement of Aya Foundation
The Aya Foundation, a nonprofit organization, is dedicated to spearheading an Economic Revolution. It achieves this mission by offering support to members of the Black community, enabling them to build wealth. This support comes in the form of access to education, training, networks, and funding. By doing so, the Aya Foundation aims to empower individuals within this community, fostering financial independence and growth.
In practical terms, the Aya Foundation has undertaken various initiatives to fulfill its mission. One of these initiatives is serving as a fiscal sponsor for the New Community Transformation Fund (NCTF), a private venture equity fund. This fund directs equity capital towards businesses and entrepreneurs of color in Colorado. The philanthropic dollars provided to the Aya Foundation allowed it to operate at full capacity, devoting resources towards securing investors for the fund.
Furthermore, the Aya Foundation has utilized these funds to support several projects. These include launching the first and only place-based equity venture fund for business owners and entrepreneurs of color, establishing the Latino Leadership Institute entrepreneur accelerator for Latinx businesses, and creating DivInc, a BIPOC-focused entrepreneur accelerator for tech industries. These initiatives reflect the Aya Foundation's commitment to its mission, providing opportunities and resources for members of the Black community to build wealth and achieve financial independence.
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Impact
July, 2024
Aya Foundation's impact lies in leading an Economic Revolution through supporting members of the Black Community in building their wealth. By providing access to education, training, networks, and funding, Aya Foundation has facilitated the growth of businesses and entrepreneurs of color in Colorado. Specifically, as the fiscal sponsor for the New Community Transformation Fund (NCTF), Aya Foundation has directed philanthropic dollars towards initiatives such as the first place-based equity venture fund for business owners and entrepreneurs of color, the Latino Leadership Institute entrepreneur accelerator for Latinx businesses, and DivInc, a BIPOC-focused entrepreneur accelerator for tech industries. This support has not only enabled these organizations to reach full capacity in their operations but has also allowed them to dedicate time to securing investors for further growth and impact. Aya Foundation's dedication to improving economic opportunities for the Black Community is evident in their strategic initiatives and commitment to driving positive change.
This information is meant to be a general summary of Aya Foundation. 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: $2,127
- Program Service Revenue: $122,729
- Gross Receipts: $1,883,327
Assets and Liabilities:
- Total Assets: $1,020,508
- Total Liabilities: $0
- Net Assets: $1,020,508
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Coaching
Revenue
$1,500
Fiscal Sponsor
Revenue
$121,229
Organization Details
Founding Year
2020
Principal Officer
Hanifah Chiku
Main Address
1031 33rd Street, Denver, CO, 80205
Website
www.ayafoundation.orgNTEE Category
Code: S31 - Community improvement
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