TEACH FOR ETHIOPIA INC

EIN: 842113834 501(c)(3) Education

Alexandria, VA

Total Revenue
$140,294
Total Expenses
$110,997
Total Assets
$185,532
Net Assets
$181,354
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
ALEX CHERE President
Tax Period
2023-01-01 to 2023-12-31

TEACH FOR ETHIOPIA INC, founded in 2019, is a small nonprofit in the Education sector that reported $140K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $29K, a strong 21% operating margin.

Mission

Teach For Ethiopia recruits high potential recent college graduates, trains these graduates, and facilitates a two-year teaching fellowship for these graduates to teach in under-resourced schools and communities across Ethiopia.

Program Service Accomplishments

Program 1
Expenses: $103,888 Revenue: $140,294

Completed recruitment and training of young college graduatesAssign young college graduates to underdeveloped urban and rural schoolsDistribute school and teaching materials

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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 $140,294
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $140,294

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,375
Fundraising Expenses $0
Program Expenses $103,888
Other Expenses $23,622
TOTAL EXPENSES $110,997

Year-over-Year Comparison

2023 2022 Change
Revenue $140,294 $154,500 -0.1%
Expenses $110,997 $75,177 +0.5%
Net Income $29,297 $79,323 -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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
1
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
3
$81,166
Total Directors
4
$81,166
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX CHERE President 40.00
Officer Director
$81,166 $0 $81,166
Dr TAFERE MELAKU BOARD MEMBER 0.00
Director
$0 $0 $0
ANDY MARTIN BOARD MEMBER 0.00
Director
$0 $0 $0
Dr ENAWGAW MEHARI Treasurer 0.00
Officer Director
$0 $0 $0
TIGIST RUGA SECRETARY 2.00
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
2023 $140,294 $110,997 $185,532 $29,297
2022 $154,500 $75,177 $152,057 $79,323
2021 $144,500 $126,447 $19,684 $18,053
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