AFRICAS BRAIN BANK

EIN: 832543964 501(c)(3) Philanthropy & Grantmaking

HOUSTON, TX

Total Revenue
$193,679
Total Expenses
$175,631
Total Assets
$211,727
Net Assets
$18,048
🔒

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
2018
Legal Domicile
TX
Principal Officer
PAMELA FOMUNUNG
Phone
7136570456
Tax Period
2021-01-01 to 2021-12-31

AFRICAS BRAIN BANK, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $194K in total revenue in fiscal year 2021. Expenses of $176K left a modest 9% surplus.

Mission

OUTREACH TO AFRICAN IN THE DIASPORA, TO EDUCATE, EMPOWER AND GIVE GUIDANCE

🔒

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 (2021)

Revenue Breakdown

Contributions & Grants $173,924
Program Service Revenue $19,755
Investment Income $0
Other Revenue $0
TOTAL REVENUE $193,679

Expense Breakdown

Grants Paid $8,063
Salaries & Benefits $74,031
Fundraising Expenses $8,335
Program Expenses $22,640
Other Expenses $85,202
TOTAL EXPENSES $175,631

Year-over-Year Comparison

2021 2020 Change
Revenue $193,679 N/A N/A
Expenses $175,631 N/A N/A
Net Income $18,048 N/A N/A
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
3
Independent Members
3
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA FOMUNUNG CEO 20
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
2021 $193,679 $175,631 $211,727 $18,048
2020 $244,946 $254,896 $121,720 $-9,950
2019 $135,497 $103,384 $32,113 $32,113
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare AFRICAS BRAIN BANK with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.