AFRICAN CENTER FOR ECONOMIC TRANSFORMATION

EIN: 113803281 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$7,184,788
Total Expenses
$6,980,818
Total Assets
$4,310,310
Net Assets
$744,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DC
Principal Officer
KINSLEY Y AMOAKO
Phone
2028333439
Tax Period
2024-01-01 to 2024-12-31

AFRICAN CENTER FOR ECONOMIC TRANSFORMATION, founded in 2007, is a community nonprofit in the International Affairs sector that reported $7.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

WE PROVIDE RESEARCH, POLICY ADVISE, AND INSTITUTIONAL STRENGTHENING FOR AFRICAN COUNTRIES TO DEVELOP THIER ECOMONOMIES, REDUCE POVERTY, AND IMPROVE LIVELIHOODS FOR ALL AFRICANS. WE ARE THE PRE-EMINENT AFRICAN ORGINAZATION ADVANCING AFRICAN SOLUTIONS TO AFRICAN TRANSFORMATION CHALLENGES

Program Service Accomplishments

Program 1
Expenses: $1,311,881 Revenue: $0

PAN-AFRICAN COALITION FOR TRANSFORMATION (PACT) AFRICAS IMPRESSIVE ECONOMIC GROWTH SINCE THE MID-1990S POWERED PRIMARILY FROM MACROECONIMIC REFORMS, BETTER BUSINESS ENVIRONMENTS, AND HIGH COMMODITY...

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PAN-AFRICAN COALITION FOR TRANSFORMATION (PACT) AFRICAS IMPRESSIVE ECONOMIC GROWTH SINCE THE MID-1990S POWERED PRIMARILY FROM MACROECONIMIC REFORMS, BETTER BUSINESS ENVIRONMENTS, AND HIGH COMMODITY PRICES WILL NOT BY ITSELF SUSTAIN DEVELOPMENT ON THE CONTINENT

Program 2
Expenses: $1,773,034 Revenue: $0

TRANSFORMATION = GROWTH + DEPTH SINCE THE MIN-1990S, MANY AFRICAN COUNTRIES HAVE SEEN STEADY ECONOMIC GROWTH BUT HAVE STRUGGLED TO LEVERAGE THAT GROWTH INTO SUSTAINABLE DEVELOPMENT POLICIES AND...

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TRANSFORMATION = GROWTH + DEPTH SINCE THE MIN-1990S, MANY AFRICAN COUNTRIES HAVE SEEN STEADY ECONOMIC GROWTH BUT HAVE STRUGGLED TO LEVERAGE THAT GROWTH INTO SUSTAINABLE DEVELOPMENT POLICIES AND PLANS. AFRICAN COUNTRIES NEED GROWTH WITH DEPTH, WHICH IS HOW ACET ENCAPSULATES THE MUTIDIMENTSIONAL PROCESS OF ECONOMIC TRANSFORMATION INTO A PRACTICAL POLICY AGENDA

Program 3
Expenses: $1,227,656 Revenue: $0

STRENGTHENING GOVERNMENTS WITH INSTITUTIONAL CAPACITIES IN ECONOMIC MANAGEMENT. THIS PROGRAM IS SUPPORTED BY DEMAND DRIVEN ADVISORY ACTIVITIES TO BUILD THE CAPACITY OF GOVERNMENTS IN THE FINANCIAL...

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STRENGTHENING GOVERNMENTS WITH INSTITUTIONAL CAPACITIES IN ECONOMIC MANAGEMENT. THIS PROGRAM IS SUPPORTED BY DEMAND DRIVEN ADVISORY ACTIVITIES TO BUILD THE CAPACITY OF GOVERNMENTS IN THE FINANCIAL PLANNING, ECONOMIC MANAGEMENT AND DEVELOPMENT FUNCTIONS. OUR OBJECTIVE HERE HAS BEEN TO SUPPORT THE DEVELOPMENT OF THE CAPACITY OF POLICYMAKERS IN THESE AREAS AND SHARE BEST PRACTICES FROM IN AND OUTSIDE AFRICA

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,184,788
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,184,788

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,007,724
Fundraising Expenses $0
Program Expenses $4,312,571
Other Expenses $4,973,094
TOTAL EXPENSES $6,980,818

Year-over-Year Comparison

2024 2023 Change
Revenue $7,184,788 $6,335,866 +0.1%
Expenses $6,980,818 $6,075,492 +0.1%
Net Income $203,970 $260,374 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
10
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$934,701
Total Directors
10
$346,659
Key Employees
7
$934,701
Highest Compensated
7
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
K Y AMOAKO PRESIDENT/CEO 40.00
Officer Director Key Emp Highest
$346,659 $0 $346,659
TITO MBOWENI CHAIRMAN 0.00
Director
$0 $0 $0
ROBERT PEIFFER DIRECTOR 0.00
Director
$0 $0 $0
MAVIS OWUSU-GYAMFI EXECUTIVE VICE PRESIDENT 40.00
Officer Key Emp Highest
$295,245 $0 $295,245
LORD PAUL BOATENG DIRECTOR 0.00
Director
$0 $0 $0
NICHOLAS WESTCOTT DIRECTOR 0.00
Director
$0 $0 $0
ARKEBE OQUBAY DIRECTOR 0.00
Director
$0 $0 $0
ROSINE SORI-COULIBALY DIRECTOR 0.00
Director
$0 $0 $0
CECILIA A CONRAD DIRECTOR 0.00
Director
$0 $0 $0
NOOMANE FEHRI DIRECTOR 0.00
Director
$0 $0 $0
BOGOLO J KENEWENDO DIRECTOR 0.00
Director
$0 $0 $0
DANIEL NTI DIRECTOR/OFFICER 40.00
Officer Key Emp Highest
$292,797 $0 $292,797
EDWARD K BROWN OFFICER 40.00
Officer Key Emp Highest
$0 $0 $0
ROBERTO J TIBANA OFFICER 40.00
Officer Key Emp Highest
$0 $0 $0
MAURA K LEARY OFFICER 40.00
Officer Key Emp Highest
$0 $0 $0
ROB FLOYD OFFICER 40.00
Officer Key Emp Highest
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $7,184,788 $6,980,818 $4,310,310 $203,970
2023 $6,335,866 $6,075,492 $5,004,928 $260,374
2022 $5,485,959 $5,464,301 $2,404,471 $21,658
2021 $5,073,857 $5,696,838 $807,870 $-622,981
2020 $5,242,319 $4,182,350 $1,472,264 $1,059,969
2019 $3,439,817 $3,873,125 $548,105 $-433,308
2018 $3,798,926 $3,272,737 $912,394 $526,189
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