Overview
What is New Africa Fund Inc?
New Africa Fund Inc is a U.S.-based charity, specifically located in Boca Raton, Florida. Established with a mission to assist organizations in Africa, the fund primarily offers financial and technical support to non-governmental organizations (NGOs) and social enterprises that demonstrate clear objectives and proven results. Their primary activity involves granting funds to bolster health clinics and related medical services. The organization is dedicated to improving communities and the lives of African residents, with initial projects planned through a local NGO in Togo named CECODRI. This NGO has a history of contributing to community development through projects such as renovating public libraries and providing potable water through water pump installations.
Official website here: www.newafricafund.org
Is New Africa Fund Inc legitimate?
New Africa Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Africa Fund Inc 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: $0
Other Salaries and Wages: $4,864
For more financial information, click here
Official website here: www.newafricafund.org
What is the mission statement of New Africa Fund Inc?
The New Africa Fund Inc is a charitable organization that primarily focuses on supporting civil society organizations and social enterprises in Africa. It accomplishes this by working through local partners and providing both financial and technical assistance to organizations with clear missions and proven results. The organization's mission is to assist projects aimed at benefiting communities and their residents in Africa. The New Africa Fund's Board of Directors determines the organizations and projects to be supported, and they contribute a portion of the organization's income to qualify as a charitable organization under the Internal Revenue Code. Initially, the New Africa Fund will collaborate with a locally registered NGO in Togo named CECODRI, which has previously undertaken projects such as renovating a public library and installing water pumps to provide clean water.
Official website here: www.newafricafund.org
Who is the CEO of New Africa Fund Inc?
Steven Beck is the President & Ceo of New Africa Fund Inc. The CEO's salary of New Africa Fund Inc is $0 and their total compensation is $0.
Official website here: www.newafricafund.org
What is the revenue of New Africa Fund Inc?
New Africa Fund Inc's revenue in 2022 was $14,407.
Official website here: www.newafricafund.org
Who are the executives of New Africa Fund Inc and what are their salaries?
Here are 4 key members and their salaries (New Africa Fund Inc's CEO's salary is $0 and their total compensation is $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.newafricafund.org
Where can I find the form 990 for New Africa Fund Inc?
New Africa Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newafricafund.org
Learn more at the official website: www.newafricafund.org
Mission Statement of New Africa Fund Inc
The New Africa Fund, a registered U.S. charity, is dedicated to aiding civil society organizations and social enterprises in Africa. It accomplishes this mission by collaborating with local partners, offering both financial and technical support to organizations that demonstrate a clear mission and proven results. The New Africa Fund acts as a grant-making, non-operating foundation, with its Board of Directors determining the organizations and projects to be assisted. The organization is committed to donating a portion of its net income annually to qualify as a charitable organization under Section 501(c)(3) of the Internal Revenue Code, and to avoiding tax under Section 4942 for failing to meet the annual minimum distribution requirement, given its status as a private foundation. Initially, the New Africa Fund is focusing on a locally registered non-governmental organization (NGO) in Togo called CECODRI. CECODRI, in the past, has undertaken projects such as renovating the public library in Pagouda, Togo, and repairing and installing water pumps to provide potable water to local residents.
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Impact
August, 2024
New Africa Fund Inc's impact is significant as it supports civil society organizations and social enterprises in Africa through financial and technical assistance. By providing grants to support health clinics and related medical services, the organization contributes to improving healthcare access and quality in communities. This support has tangible benefits, such as renovations to public facilities and the installation of water pumps for clean drinking water. Through collaborations with local partners like CECODRI in Togo, New Africa Fund Inc is making a meaningful difference in the lives of residents and fostering positive change in the region.
This information is meant to be a general summary of New Africa Fund Inc. 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: -$94,573
- Gross Receipts: $934,758
Assets and Liabilities:
- Total Assets: $962,393
- Total Liabilities: $0
- Net Assets: $962,393
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Organization Details
Founding Year
2021
Phone
(561) 288-1469Principal Officer
Steven Beck
Main Address
5269 PRINCETON WAY, BOCA RATON, FL, 33496
Website
www.newafricafund.orgNTEE Category
Code: Q30 - International
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