Corporate Council on Africa

EIN: 363895800 501(c)(3) International Affairs

Washington, DC

Total Revenue
$5,097,065
Total Expenses
$6,197,033
Total Assets
$2,736,342
Net Assets
$454,818
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
DC
Principal Officer
Florizelle Liser
Phone
2028351115
Tax Period
2024-01-01 to 2024-12-31

Corporate Council on Africa, founded in 1993, is a community nonprofit in the International Affairs sector that reported $5.1M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $6.2M exceeded revenue, resulting in a 22% operating deficit.

Mission

The Corporate Council on Africa works to enhance U.S.-Africa trade, investment, and business by providing to U.S. and African public and private sector leaders the access, connections, and insights needed to successfully engage on the continent.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,474,780
Program Service Revenue $577,192
Investment Income $45,093
Other Revenue $0
TOTAL REVENUE $5,097,065

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $1,171,763
Fundraising Expenses $0
Program Expenses $4,577,821
Other Expenses $5,015,270
TOTAL EXPENSES $6,197,033

Year-over-Year Comparison

2024 2023 Change
Revenue $5,097,065 $3,660,623 +0.4%
Expenses $6,197,033 $4,096,543 +0.5%
Net Income $-1,099,968 $-435,920 +1.5%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
25
Independent Members
24
Employees
7
Volunteers
15

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
$272,000
Total Directors
27
$272,000
Key Employees
2
$380,983
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Florizelle Liser President and CEO 40.00
Officer Director
$270,000 $2,000 $272,000
Hillary Lucas Human Resource Director 40.00
Key Emp
$162,500 $24,491 $186,991
Biova Kabine Senior Director, Programs 40.00
Key Emp
$155,000 $38,992 $193,992
Jeffery Sturchio Director 1.00
Director
$0 $0 $0
Mohamad Darwish Director 1.00
Director
$0 $0 $0
Salvador Perez Galindo Director 1.00
Director
$0 $0 $0
Robert Clay Neff Jr Director 1.00
Director
$0 $0 $0
John Olajide Director 1.00
Director
$0 $0 $0
Paul Sullivan Director 1.00
Director
$0 $0 $0
Adamassu Tadesse Director 1.00
Director
$0 $0 $0
William Ward Director 1.00
Director
$0 $0 $0
Olugbenga Agboola Director 1.00
Director
$0 $0 $0
Hunter Farris Director 1.00
Director
$0 $0 $0
Jean Boulle Director 1.00
Director
$0 $0 $0
Nneka Chime Director 1.00
Director
$0 $0 $0
Akin Dawodu Director 1.00
Director
$0 $0 $0
Ayodeji Balogun Director 1.00
Director
$0 $0 $0
Temitope Iluyemi Director 1.00
Director
$0 $0 $0
Ovidiu Bujorean Director 1.00
Director
$0 $0 $0
Mima Nedelcovych Director 1.00
Director
$0 $0 $0
Witney Schneidman Director 1.00
Director
$0 $0 $0
Emily Kane Director 1.00
Director
$0 $0 $0
Mohamed El Sahili Director 1.00
Director
$0 $0 $0
Philana Mugyenyi Director 1.00
Director
$0 $0 $0
Angela Wasunna Director 1.00
Director
$0 $0 $0
James Winkler Director 1.00
Director
$0 $0 $0
Justin Siberell Director 1.00
Director
$0 $0 $0
Farouk Gumel Director 1.00
Director
$0 $0 $0
Khululiwe Mabaso 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 $5,097,065 $6,197,033 $2,736,342 $-1,099,968
2023 $3,660,623 $4,096,543 $3,941,218 $-435,920
2022 $5,308,547 $2,918,549 $4,540,680 $2,389,998
2021 $1,976,893 $1,916,028 $419,162 $60,865
2020 $1,305,915 $1,684,128 $708,950 $-378,213
2019 $2,628,987 $2,171,316 $615,359 $457,671
2018 $1,853,392 $1,740,035 $231,297 $113,357
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