Overview
What is Harambe Entrepreneur Alliance?
Harambe Entrepreneur Alliance is a nonprofit organization based in Concord, New Hampshire, dedicated to fostering a conducive environment for youth entrepreneurship in Africa. By providing mentorship, scholarships, services, philanthropy, and access to investors, the alliance aims to lower the entry barriers for qualified young Africans eager to launch or expand their social and business ventures. Harambe Entrepreneur Alliance believes that Africa's success in the 21st century hinges on tapping into its innovative and enterprising global human capital. To achieve this goal, the alliance collaborates with influential public and private sector groups in Africa, offering engagement opportunities for the next generation of African professionals. The organization has attracted a growing number of applicants, making risk-taking and direct engagement more appealing to young Africans who previously favored corporate careers. To counter negative stereotypes about Africa, the alliance organizes the Harambe Bretton Woods Symposium, bringing together young, educated entrepreneurs from around the world to share experiences and discuss strategies for scaling ventures and increasing their impact.
Official website here: www.harambeans.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Harambe Entrepreneur Alliance has received a rating of 73%, categorized as needing improvement. The organization excels in accountability and finance, boasting a perfect score of 100% in this area. This includes a strong independent board composition, with 85% of its members being independent. Their program expense ratio is also commendable at 80.34%, indicating a significant portion of funds directed towards their mission.
However, there are notable shortcomings that impact their overall rating. The organization has not provided financial statements, which resulted in a zero score in that category. Additionally, they are missing key policies such as a whistleblower policy and a document retention and destruction policy, both of which are critical for transparency and accountability. Furthermore, the tax form is not posted on their website, which limits access to financial information for donors and stakeholders.
Overall, while the Harambe Entrepreneur Alliance demonstrates strong governance and a commitment to their programs, improving transparency and completing missing documentation would enhance their credibility and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Harambe Entrepreneur Alliance?
100% of 6 reviewers on Facebook recommend the Harambe Entrepreneur Alliance. Here is a summary of their reviews:
The positive sentiment surrounding this nonprofit highlights its commitment to fostering entrepreneurship, particularly in Africa. Many reviewers praise the organization's impactful contributions to global development, emphasizing its focus on empowering local entrepreneurs to drive social and economic change.
With all feedback reflecting strong satisfaction, it is clear that the Harambe Entrepreneur Alliance is regarded as a valuable resource for aspiring entrepreneurs and is making a meaningful difference in the communities it serves.
This AI summary has been generated from reviews found on Facebook.
Is Harambe Entrepreneur Alliance legitimate?
Harambe Entrepreneur Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harambe Entrepreneur Alliance 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: $84,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,581
For more financial information, click here
Official website here: www.harambeans.com
What is the mission statement of Harambe Entrepreneur Alliance?
The Harambe Entrepreneur Alliance is a network of highly educated young African entrepreneurs, dedicated to spearheading social and business ventures across Africa. Their mission is to promote business ventures and socially responsible projects, aiming to lower the entry barriers to entrepreneurship for qualified young Africans. The alliance accomplishes this by providing mentorship, scholarships, services, philanthropy, access to investors, and fostering a culture conducive to youth entrepreneurship. The success of Africa in the 21st century, according to the alliance, relies on tapping into its innovative and enterprising global human capital. Through events like the Harambe Bretton Woods Symposium, they engage with and inspire young Africans worldwide, providing opportunities to counter the negative perception of Africa and encouraging direct engagement.
Official website here: www.harambeans.com
Who is the CEO of Harambe Entrepreneur Alliance?
Okendo Lewis Gayle is the Executive Chairman of Harambe Entrepreneur Alliance.
Official website here: www.harambeans.com
What is the revenue of Harambe Entrepreneur Alliance?
Harambe Entrepreneur Alliance's revenue in 2022 was $948,314.
Official website here: www.harambeans.com
Who are the executives of Harambe Entrepreneur Alliance and what are their salaries?
The average compensation at Harambe Entrepreneur Alliance during 2022 was $116,541. There is 1 employee and 6 volunteers at Harambe Entrepreneur Alliance.
Here are 8 key members and their salaries:
- Compensation: $84,960
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- Other: $0
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Official website here: www.harambeans.com
Where can I find the form 990 for Harambe Entrepreneur Alliance?
Harambe Entrepreneur Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harambeans.com
Learn more at the official website: www.harambeans.com
Mission Statement of Harambe Entrepreneur Alliance
The Harambe Entrepreneur Alliance, a network of highly educated young African entrepreneurs, is committed to spearheading and promoting socially responsible projects and business ventures across Africa. The organization's mission is to foster a culture conducive to youth entrepreneurship across the continent. To achieve this, the Harambe Entrepreneur Alliance provides mentors, scholarships, services, philanthropy, and access to investors, aiming to lower the entry barriers to entrepreneurship facing qualified young Africans who wish to start or scale up their social and business ventures. The alliance believes that Africa's success in the 21st century will be determined by its ability to tap into the innovation and entrepreneurial potential of its most valuable resource: its young and highly enterprising global human capital.
In line with its mission, the Harambe Entrepreneur Alliance has nurtured an entrepreneurial ecosystem by capturing the imagination of highly educated young Africans around the world. It informs them about the complex challenges and diverse opportunities of the continent, providing access to a range of engagement opportunities across Africa. The organization's annual gathering, the Harambe Bretton Woods Symposium, brings together young African social and business entrepreneurs to share their experiences and discuss strategies to scale up their ventures and increase their impact. The competitive nature of the application process has enabled the alliance to assemble over 200 qualified and highly motivated entrepreneurial leaders, representing a female majority group from over 79 universities, 34 African countries, and 5 continents. The symposium has provided access to admission officers at leading graduate programs in Europe and North America, as well as prominent figures from influential groups.
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Impact
July, 2024
The impact of Harambe Entrepreneur Alliance is significant in fostering a culture conducive to youth entrepreneurship across Africa. By providing mentors, scholarships, services, philanthropy, and access to investors, HEA is effectively lowering the entry barriers to entrepreneurship for qualified young Africans looking to start or scale up their social and business ventures. HEA believes that Africa's success in the 21st century hinges on tapping into the innovation and entrepreneurial potential of its young population.
Through initiatives like the Harambe Bretton Woods Symposium, which brings together highly educated young African entrepreneurs to share experiences and strategies, HEA is creating a platform for these entrepreneurs to increase the impact of their ventures. The competitive application process for HBWS has led to the assembly of over 200 qualified and motivated entrepreneurial leaders from diverse backgrounds, representing numerous countries and continents.
Furthermore, HEA's efforts to re-brand Africa as a land of diverse opportunities rather than just poverty and conflict have positively influenced the engagement of highly educated Africans living abroad. The organization's annual campus colloquia in universities around the world provide young African students with viable alternatives to traditional corporate careers. Through these various initiatives, HEA is making a significant impact on promoting entrepreneurship and socially responsible projects across Africa.
This information is meant to be a general summary of Harambe Entrepreneur Alliance. 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: $27,070
- Program Service Revenue: $42,400
- Gross Receipts: $948,314
Assets and Liabilities:
- Total Assets: $3,145,732
- Total Liabilities: $81,429
- Net Assets: $3,064,303
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION
Revenue
$42,400
Organization Details
Founding Year
2011
Phone
(603) 275-4316Principal Officer
Okendo Lewis Gayle
Main Address
CO ORR RENO PA 45 S MAIN ST, CONCORD, NH, 03301
Website
www.harambeans.comNTEE Category
Code: B82 - Education
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