THE AFRICA-AMERICA INSTITUTE

EIN: 530218859 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$3,466,370
Total Expenses
$3,835,511
Total Assets
$5,234,771
Net Assets
$2,035,074
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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
1953
Legal Domicile
NY
Principal Officer
KOFI APPENTENG
Phone
2129495666
Tax Period
2023-01-01 to 2023-12-31

THE AFRICA-AMERICA INSTITUTE, founded in 1953, is a community nonprofit in the International Affairs sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROMOTING ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH SCHOLARSHIPS AND CONVENINGS.

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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 $3,482,929
Program Service Revenue $0
Investment Income $77,513
Other Revenue $-94,072
TOTAL REVENUE $3,466,370

Expense Breakdown

Grants Paid $353,552
Salaries & Benefits $871,929
Fundraising Expenses $596,394
Program Expenses $2,654,526
Other Expenses $2,610,030
TOTAL EXPENSES $3,835,511

Year-over-Year Comparison

2023 2022 Change
Revenue $3,466,370 $2,499,412 +0.4%
Expenses $3,835,511 $3,425,065 +0.1%
Net Income $-369,141 $-925,653 -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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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
10
Independent Members
10
Employees
7
Volunteers
10

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
3
$443,614
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIK AMARTEIFIO TRUSTEE 5.00
Director
$0 $0 $0
PETER MCKILLOP TRUSTEE 5.00
Director
$0 $0 $0
PROF OUSSEINA ALIDOU TRUSTEE 5.00
Director
$0 $0 $0
MAMADOU BEYE TRUSTEE 5.00
Director
$0 $0 $0
REBECCA L EDWARDS TRUSTEE 5.00
Director
$0 $0 $0
MICHELLE GAVIN TRUSTEE 5.00
Director
$0 $0 $0
CHRISTAL M JACKSON TRUSTEE 5.00
Director
$0 $0 $0
ROBERT MCCARTHY SECRETARY 5.00
Officer Director
$0 $0 $0
KHUMO SHONGWE TRUSTEE 5.00
Director
$0 $0 $0
HUMBLE LUKANGA TRUSTEE 5.00
Director
$0 $0 $0
KOFI APPENTENG PRESIDENT & CEO 35.00
Officer
$240,690 $36,832 $277,522
AMBAR TAVAREZ CHIEF FINANCIAL OFFICER 35.00
Officer
$141,200 $24,892 $166,092
SYDNEY PLANT CHIEF DEVELOPMENT OFFICER 35.00
Highest
$127,500 $7,919 $135,419
JOURDEN WARREN CHIEF OF STRATEGIC PARTNERSHIPS AND ENGAGEMENT 35.00
Highest
$114,613 $16,734 $131,347
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 $3,466,370 $3,835,511 $5,234,771 $-369,141
2022 $2,499,412 $3,425,065 $4,828,144 $-925,653
2021 $2,165,945 $2,090,541 $4,440,622 $75,404
2020 $2,951,937 $2,366,790 $4,992,204 $585,147
2019 $2,315,621 $3,137,359 $4,121,977 $-821,738
2018 $2,570,828 $3,360,252 $4,099,367 $-789,424
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