CONGO INITIATIVE USA INC

EIN: 203467419 501(c)(3) Education

RALEIGH, NC

Total Revenue
$1,151,856
Total Expenses
$1,198,875
Total Assets
$749,234
Net Assets
$726,042
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
WI
Principal Officer
BETHANY WOLCOTT
Phone
9198067297
Tax Period
2023-01-01 to 2023-12-31

CONGO INITIATIVE USA INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 182% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF CONGO INITIATIVE USA IS TO PROMOTE CHRISTIAN HIGHER EDUCATION, LEADERSHIP FORMATION, AND COMMUNITY TRANSFORMATION IN THE DEMOCRATIC REPUBLIC OF CONGO (DRC). THIS MISSION WILL BE ACCOMPLISHED BY, AMONG OTHER MEANS, PROVIDING FINANCIAL AND PERSONNEL SUPPORT FOR CONGO INITIATIVE - UNIVERSITE CHRETIENNE BILINGUE DU CONGO, AN EDUCATION INSTITUTION ORGANIZED AND EXISTING UNDER THE LAWS OF THE DRC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,077,202
Program Service Revenue $0
Investment Income $6,597
Other Revenue $68,057
TOTAL REVENUE $1,151,856

Expense Breakdown

Grants Paid $873,686
Salaries & Benefits $146,246
Fundraising Expenses $62,916
Program Expenses $903,861
Other Expenses $178,943
TOTAL EXPENSES $1,198,875

Year-over-Year Comparison

2023 2022 Change
Revenue $1,151,856 $408,021 +1.8%
Expenses $1,198,875 $168,696 +6.1%
Net Income $-47,019 $239,325 -1.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
4
Volunteers
2

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETHANY WOLCOTT TREASURER N/A
Officer Director
$0 $0 $0
MARY HENTON DIRECTOR N/A
Director
$0 $0 $0
CHELSIE CHAN DIRECTOR N/A
Director
$0 $0 $0
TIMOTEO ACOSTA VICE CHAIR N/A
Officer Director
$0 $0 $0
CAROLINE KOLINS SECRETARY N/A
Officer Director
$0 $0 $0
JULIE BRYCE CHAIR N/A
Officer Director
$0 $0 $0
SUSAN HELLER EVENSON DIRECTOR N/A
Director
$0 $0 $0
FRANCINE NABINTU DIRECTOR N/A
Director
$0 $0 $0
ANN MASTERGEORGE DIRECTOR N/A
Director
$0 $0 $0
DAVID EAGLE DIRECTOR N/A
Director
$0 $0 $0
REV DAVID KASALI PHD DIRECTOR- NO N/A
Director
$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
2024 No data No data No data No data
2023 $1,151,856 $1,198,875 $749,234 $-47,019
2022 $1,105,040 $1,207,531 $547,414 $-102,491
2022 $408,021 $168,696 $780,170 $239,325
2021 $1,603,672 $1,321,554 $644,822 $282,118
2020 $1,147,129 $1,272,520 $412,731 $-125,391
2019 $1,030,336 $1,470,582 $497,217 $-440,246
2018 $2,162,981 $1,484,085 $945,089 $678,896
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