AFRICAN MUSEUM OF ARTS AND CULTURE

EIN: 473387350 501(c)(3)

Miami Gardens, FL

Total Revenue
$500,000
Total Expenses
$1,639
Total Assets
$500,281
Net Assets
$500,281
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
FL
Tax Period
2018-01-01 to 2018-12-31

AFRICAN MUSEUM OF ARTS AND CULTURE, founded in 2015, is a small nonprofit that reported $500K in total revenue in fiscal year 2018. The organization ran a surplus of $498K, a strong 100% operating margin.

Mission

TO ESTABLISH AND DEVELOP A MULTIPURPOSE AFRICAN CULTURE THROUGH THE ARTS, EDUCATION AND ENTERTAINMENT.

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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 (2018)

Revenue Breakdown

Contributions & Grants $500,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $500,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,639
Other Expenses $1,639
TOTAL EXPENSES $1,639

Year-over-Year Comparison

2018 2017 Change
Revenue $500,000 $500,000 N/A
Expenses $1,639 N/A N/A
Net Income $498,361 $500,000 0.0%
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

Financial Distress Indicator

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
12
Independent Members
12
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOESEPH OBADEYI CHAIRMAN 5.00
Officer
$0 $0 $0
AJIBOLA BAOGUN VP CHAIRMAN 5.00
Officer
$0 $0 $0
HAKEEN AZEEZ SECRETARY 5.00
Officer
$0 $0 $0
SCOTTY IZEUBIGIE ASST SECRETARY 5.00
Officer
$0 $0 $0
KATHERINE NTEKIN TREASURER 5.00
Officer
$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
2018 $500,000 $1,639 $500,281 $498,361
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