THE GEANCO FOUNDATION INC

EIN: 203498204 501(c)(3) International Affairs

LOS ANGELES, CA

Total Revenue
$1,132,328
Total Expenses
$1,031,822
Total Assets
$954,547
Net Assets
$873,754
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IL
Principal Officer
AFAM ONYEMA
Tax Period
2023-01-01 to 2023-12-31

THE GEANCO FOUNDATION INC, founded in 2005, is a community nonprofit in the International Affairs sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 9% surplus.

Mission

GEANCOS MISSION IS TO SAVE AND IMPROVE THE LIVES IN AFRICA. THE PRINCIPAL ACTIVITIES OF THE FOUNDATION ARE TO RECEIVE AND/OR MAINTAIN FUNDS WHICH ARE USED FOR SPECIAL MEDICAL MISSIONS, MATERNAL AND INFANT HEALTH PROGRAMS, AND SUPPORT OF SCHOOLS IN 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 (2023)

Revenue Breakdown

Contributions & Grants $1,132,328
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,132,328

Expense Breakdown

Grants Paid $0
Salaries & Benefits $344,985
Fundraising Expenses $164,370
Program Expenses $793,469
Other Expenses $686,837
TOTAL EXPENSES $1,031,822

Year-over-Year Comparison

2023 2022 Change
Revenue $1,132,328 $624,533 +0.8%
Expenses $1,031,822 $874,655 +0.2%
Net Income $100,506 $-250,122 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
4
Employees
2
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
2
$332,244
Total Directors
9
$332,244
Key Employees
1
$240,119
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AFAM ONYEMA CEO AND CO-FOUNDER 70.00
Officer Director Key Emp
$240,119 $0 $240,119
DR GODWIN ONYEMA PRESIDENT AND CO-FOUNDER 35.00
Officer Director
$92,125 $0 $92,125
EBELE ONYEMA DIRECTOR 0.00
Director
$0 $0 $0
SAM NESWICK DIRECTOR 0.00
Director
$0 $0 $0
DR KEVIN EL-HAYEK DIRECTOR 0.00
Director
$0 $0 $0
MARK JOHNSON DIRECTOR 0.00
Director
$0 $0 $0
STEVE KIRSCHNER DIRECTOR 0.00
Director
$0 $0 $0
GOZIE ONYEMA DIRECTOR 0.00
Director
$0 $0 $0
NCHE ONYEMA DIRECTOR 0.00
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 $1,132,328 $1,031,822 $954,547 $100,506
2022 $624,533 $874,655 $752,148 $-250,122
2021 $1,067,118 $1,028,271 $1,064,873 $38,847
2020 $801,500 $816,044 $1,042,353 $-14,544
2019 $1,736,600 $1,671,584 $1,050,386 $65,016
2018 $1,003,664 $773,045 $984,404 $230,619
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