SEEDS OF AFRICA FOUNDATION

EIN: 352262033 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$308,261
Total Expenses
$372,777
Total Assets
$10,158
Net Assets
$-18,022
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
NY
Principal Officer
ATTI WORKU
Phone
7188417763
Tax Period
2022-01-01 to 2022-12-31

SEEDS OF AFRICA FOUNDATION, founded in 2005, is a small nonprofit in the International Affairs sector that reported $308K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $373K exceeded revenue, resulting in a 21% operating deficit.

Mission

SEEDS OF AFRICA IS A 501(C)(3) ORGANIZATION WHOSE MISSION IS TO EDUCATE AND NURTURE CHILDREN AND THEIR FAMILIES BY PROVIDING QUALITY EDUCATION AND COMMUNITY DEVELOPMENT PROGRAMS IN ADAMA, ETHIOPIA. WE MOVE BEYOND THE TRADITIONAL AID MODEL BY SHIFTING FROM MERE RELIEF EFFORTS, TO PROVIDING STUDENTS, FAMILIES, AND COMMUNITIES WITH THE SKILLS THEY NEED TO SUPPORT THEMSELVES AND FIND LOCAL SOLUTIONS TO FIGHT POVERTY, INCREASE CIVIC PARTICIPATION, AND ENHANCE COMMUNITY RE-INVESTMENT.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $307,562
Program Service Revenue $0
Investment Income $0
Other Revenue $699
TOTAL REVENUE $308,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $78,438
Fundraising Expenses $37,278
Program Expenses $298,221
Other Expenses $294,339
TOTAL EXPENSES $372,777

Year-over-Year Comparison

2022 2021 Change
Revenue $308,261 $325,589 -0.1%
Expenses $372,777 $269,363 +0.4%
Net Income $-64,516 $56,226 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
1
Volunteers
12

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY WORKU BOARD MEMBER/BOARD CHAIRMAN 1.00
Officer Director
$0 $0 $0
SARAH SIMMONS BOARD MEMBER 1.00
Director
$0 $0 $0
MILTON SPEID BOARD MEMBER 1.00
Director
$0 $0 $0
ATTI WORKU BOARD MEMBER/CEO/BOARD SECRETARY 3.00
Officer Director
$0 $0 $0
STEPHANIE BOND BOARD MEMBER 1.00
Director
$0 $0 $0
DEIRDRE GAUGHAN BOARD MEMBER 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
2023 No data No data No data No data
2022 $308,261 $372,777 $10,158 $-64,516
2021 $325,589 $269,363 $106,170 $56,226
2020 $302,496 $492,687 $92,020 $-190,191
2019 $442,667 $429,888 $172,319 $12,779
2018 $391,791 $572,288 $133,165 $-180,497
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare SEEDS OF AFRICA FOUNDATION with other nonprofits in New York and across the country.