EPIC-Africa Foundation

EIN: 320533781 501(c)(3) Civil Rights & Advocacy

Wilmington, DE

Total Revenue
$495,046
Total Expenses
$649,173
Total Assets
$596,393
Net Assets
$596,393
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DE
Principal Officer
Rose Maruru
Phone
3026365400
Tax Period
2023-01-01 to 2023-12-31

EPIC-Africa Foundation, founded in 2017, is a small nonprofit in the Civil Rights & Advocacy sector that reported $495K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $649K exceeded revenue, resulting in a 31% operating deficit.

Mission

EPIC-Africa seeks to enhance philanthropic impact by filling critical data and capacity gaps in the philanthropic market infrastructure in Africa. We do this through various program activities that include compiling and sharing data about African civil society organizations (CSOs) -who they are, what they do, where, how and their impact, as well as their organizational capacity in dimensions such as strategic ability and adaptability, leadership and governance and financial health and management. EPIC-Africa also provides capacity building and advisory services to CSOs and funders, respectively.

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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 $390,000
Program Service Revenue $93,705
Investment Income $0
Other Revenue $11,341
TOTAL REVENUE $495,046

Expense Breakdown

Grants Paid $0
Salaries & Benefits $232,529
Fundraising Expenses $0
Program Expenses $428,589
Other Expenses $416,644
TOTAL EXPENSES $649,173

Year-over-Year Comparison

2023 2022 Change
Revenue $495,046 $849,164 -0.4%
Expenses $649,173 $320,501 +1.0%
Net Income $-154,127 $528,663 -1.3%
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
1
Independent Members
1
Employees
3
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
$49,699
Total Directors
4
$49,699
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rose Maruru Co-Founder/CEO 40.00
Officer Director
$49,699 $0 $49,699
Rasmus F Andersen PhD Chair 0.50
Director
$0 $0 $0
Evelyne Dioh SIMPA Treasurer 0.50
Director
$0 $0 $0
Kathryn Nwajiaku Secretary 0.50
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 $495,046 $649,173 $596,393 $-154,127
2022 $849,164 $320,501 $751,337 $528,663
2021 $227,840 $141,411 $222,619 $86,429
2021 $227,840 $150,388 $219,909 $77,452
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