PROJECT AKILAH INC

EIN: 260770655 501(c)(3) Philanthropy & Grantmaking

TAMPA, FL

Total Revenue
$305,383
Total Expenses
$734,424
Total Assets
$512,890
Net Assets
$333,845
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
ELIZABETH DAVIS
Tax Period
2023-09-01 to 2024-08-31

PROJECT AKILAH INC, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $305K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $734K exceeded revenue, resulting in a 140% operating deficit.

Mission

PROJECT AKILAH, INC. D/B/A AKILAH FOUNDATIONS MISSION IS TO SUPPORT EDUCATIONAL OPPORTUNITIES THAT ALLOW FUTURE LEADERS TO CHAMPION OPPORTUNITY AND SUSTAINABILITY IN SOLVING THE WORLDS MOST PRESSING CHALLENGES. THE AKILAH FOUNDATION PROVIDES PROFESSIONAL AND FINANCIAL SUPPORT TO THE AKILAH INSTITUTE AND DAVIS COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $589,623

THE AKILAH INSTITUTE OPENED IN JANUARY 2010 AS THE FIRST WOMEN'S COLLEGE IN RWANDA. IN 2020, WE CHANGED OUR NAME TO DAVIS COLLEGE AND EXPANDED OUR PROGRAMS TO INCLUDE YOUNG MEN. AKILAH REMAINED A...

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THE AKILAH INSTITUTE OPENED IN JANUARY 2010 AS THE FIRST WOMEN'S COLLEGE IN RWANDA. IN 2020, WE CHANGED OUR NAME TO DAVIS COLLEGE AND EXPANDED OUR PROGRAMS TO INCLUDE YOUNG MEN. AKILAH REMAINED A UNIQUE INSTITUTE FOR WOMEN WITHIN DAVIS COLLEGE. MORE THAN 6,000 STUDENTS HAVE GRADUATED FROM OUR DIPLOMA AND CERTIFICATE PROGRAMS. WE ARE NOW EVOLVING OUR MISSION IN A NEW DIRECTION, ENDING OUR TECHNICAL DIPLOMA PROGRAMS IN HOSPITALITY MANAGEMENT, INFORMATION SYSTEMS, AND BUSINESS MANAGEMENT. WE CLOSED OUR CAMPUS IN DOWNTOWN KIGALI AND MOVED INTO A BEAUTIFUL NEW LOCATION IN NYARUTARAMA. OUR LAST 268 DIPLOMA STUDENTS GRADUATED IN DECEMBER 2023. IN 2024, WE STARTED OFFERING NON-ACCREDITED PROGRAMS IN CONTEMPLATIVE LEADERSHIP TO OUR ALUMNI IN ORDER TO SUPPORT THEIR CONTINUED PERSONAL AND PROFESSIONAL FLOURISHING. THE FIRST EVENT TO KICK OF OUR ALUMNAE PROGRAMMING TOOK PLACE ON JUNE 22, 2024. WE WILL BEGIN THE R&D PROCESS FOR NEW BACHELOR'S DEGREES WITH A FOCUS ON A LIBERAL ARTS MODEL IN THE HUMANITIES. IN 2026, WE WILL REAPPLY FOR ACCREDITATION AS A GENERAL EDUCATION UNIVERSITY. A NEW MISSION THE NAME AKILAH COMES FROM THE SWAHILI WORD FOR WISDOM. SINCE 2010, OUR PURPOSE HAS BEEN TO EMPOWER YOUNG LEADERS TO BUILD LIVES OF MEANING AND PURPOSE. WE ARE CREATING A NEW MODEL OF HIGHER EDUCATION IN THE LIBERAL ARTS ROOTED IN A CHRISTIAN CONTEMPLATIVE TRADITION WITH A FOCUS ON ENTREPRENEURSHIP AND CREATIVITY. THE LIBERAL ARTS INSTEAD OF TRAINING A STUDENT FOR A PARTICULAR PROFESSION OR TECHNICAL VOCATION, A LIBERAL ARTS DEGREE TEACHES FOUNDATIONAL SKILLS AND KNOWLEDGE. LIBERAL ARTS EDUCATION EXPOSES STUDENTS TO A WIDE RANGE OF SUBJECTS, ENCOURAGING THE DISCOVERY OF NEW INTERESTS, AND DEVELOPING AN INTERDISCIPLINARY MINDSET AND CRITICAL THINKING. STUDENTS GAIN DEEP, HOLISTIC KNOWLEDGE THAT IS TRANSFERABLE ACROSS MANY DISCIPLINES AND POTENTIAL CAREER PATHS. LIBERAL ARTS DEGREES ARE RESPECTED FOR THEIR ABILITY TO FOSTER: "ANALYTICAL, CRITICAL AND CREATIVE THINKING "ORAL AND WRITTEN COMMUNICATION SKILLS "PROBLEM SOLVING SKILLS "INFORMATION LITERACY SKILLS "ETHICAL DECISION-MAKING SKILLS "THE ABILITY TO POSE MEANINGFUL QUESTIONS "SELF-CONFIDENCE AND SELF-UNDERSTANDING EMPOWERED WITH AN AKILAH EDUCATION, OUR GRADUATES WILL BE POISED FOR SUCCESS IN ANY CAREER FIELD AND THE ABILITY TO LEARN ANY TECHNICAL OR JOB- SPECIFIC SKILLS. OUR GOAL IS TO INSTILL OUR STUDENTS WITH AN INSATIABLE LOVE OF LEARNING AND CURIOSITY. A LIBERAL ARTS EDUCATION IS EDUCATION FOR LIFE. A RECENT STUDY BY DELOITTE REPORTED THAT HUMANITIES EDUCATED INDIVIDUALS EXHIBIT SUPERIOR CRITICAL THINKING AND COMMUNICATION SKILLS. ERNST AND YOUNG HAVE REPORTED THAT EMPLOYERS ARE PLACING HIGHER VALUE ON CRITICAL THINKING, PROBLEM-SOLVING AND EFFECTIVE COMMUNICATION THAN VOCATIONAL SCHOOLING WHEN RECRUITING RECENT GRADUATES. LIBERAL ARTS GRADUATES ARE OFTEN BETTER EQUIPPED TO DEAL WITH THE RIGOR OF POSTGRADUATE STUDY GIVEN THE FOCUS ON DEVELOPING HIGHER ORDER THINKING AND COMMUNICATION SKILLS IN THEIR UNDERGRADUATE STUDY. THE VALUE OF A LIBERAL ARTS DEGREE GOES WELL BEYOND ITS POTENTIAL TO AID YOUR FUTURE CAREER. A LIBERAL ARTS DEGREE PRODUCES WELL-ROUNDED, ARTICULATE GRADUATES WITH A LOVE OF LEARNING AND THE ABILITY TO ENGAGE WITH EVERYTHING LIFE HAS TO OFFER ON A DEEPER LEVEL. BACHELOR'S DEGREES WE WILL LAUNCH NEW DEGREES IN PHILOSOPHY, PSYCHOLOGY, HISTORY, AND LITERATURE. RESIDENTIAL CAMPUS AFTER 15 YEARS OF RENTING FACILITIES, WE WILL DESIGN A PERMANENT CAMPUS IN A RURAL AREA OF RWANDA. THIS ALLOWS US TO CREATE A COMMUNITY CONNECTED TO NATURE WITH HOUSING FOR 1,000 STUDENTS.

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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 $296,262
Program Service Revenue $0
Investment Income $9,121
Other Revenue $0
TOTAL REVENUE $305,383

Expense Breakdown

Grants Paid $586,929
Salaries & Benefits $0
Fundraising Expenses $11,962
Program Expenses $589,623
Other Expenses $147,495
TOTAL EXPENSES $734,424

Year-over-Year Comparison

2023 2022 Change
Revenue $305,383 $874,487 -0.7%
Expenses $734,424 $1,849,617 -0.6%
Net Income $-429,041 $-975,130 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH DAVIS CHIEF EXEC O 10.00
Officer Director
$0 $0 $0
DAVID HUGHES DIRECTOR 1.00
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 $305,383 $734,424 $512,890 $-429,041
2023 $874,487 $1,849,617 $946,701 $-975,130
2022 $1,850,415 $2,409,869 $2,561,878 $-559,454
2021 $3,129,345 $2,595,723 $3,270,009 $533,622
2020 $2,981,778 $2,606,630 $2,906,674 $375,148
2019 $3,370,054 $3,039,375 $1,929,170 $330,679
2018 $3,779,166 $3,616,929 $1,276,587 $162,237
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