Build A School Initiatives In AfricaInc BASIAFRICA

EIN: 852867281 501(c)(3) International Affairs

Grapevine, TX

Total Revenue
$2,151,168
Total Expenses
$2,061,894
Total Assets
$134,074
Net Assets
$134,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TX
Principal Officer
Victor Ukorebi
Phone
8332138222
Tax Period
2024-01-01 to 2024-12-31

Build A School Initiatives In AfricaInc BASIAFRICA, founded in 2020, is a community nonprofit in the International Affairs sector that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $2.1M left a modest 4% surplus.

Mission

Build-a-School Initiative was born out of a need. A need that drives us to dare. We believe that, All children, no matter where they live or what their circumstances, have the right to quality education, especially in Africa. We envision a world where no child is left behind in getting education in a safe and comfortable environment. To help create that world, Build-a-School Initiative is dedicated to creating, building or restoring school buildings all across Africa.

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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 $2,151,168
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,151,168

Expense Breakdown

Grants Paid $1,962,855
Salaries & Benefits $24,706
Fundraising Expenses $23,432
Program Expenses $1,990,324
Other Expenses $71,004
TOTAL EXPENSES $2,061,894

Year-over-Year Comparison

2024 2023 Change
Revenue $2,151,168 $3,159,755 -0.3%
Expenses $2,061,894 $3,114,955 -0.3%
Net Income $89,274 $44,800 +1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
N/A
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
7
$1,500
Total Directors
20
$24,706
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Deric Legogie Director 25.00
Director
$14,400 $0 $14,400
Kayode Tinubi Director 15.00
Director
$4,966 $0 $4,966
Virtue Obiandu Trustee 25.00
Director
$1,920 $0 $1,920
Precios Samdi Trustee 20.00
Director
$1,920 $0 $1,920
Samuel Udoh Director 25.00
Officer Director
$1,500 $0 $1,500
Victor Ukorebi President & CEO 20.00
Officer Director
$0 $0 $0
Katie Ukorebi Vice President 20.00
Officer Director
$0 $0 $0
Bassey Obot Director 15.00
Officer Director
$0 $0 $0
Laura Udobong Director 20.00
Officer Director
$0 $0 $0
Faith Ekpenyong Secretary 15.00
Officer Director
$0 $0 $0
Patrick Ennuson Trustee 8.00
Director
$0 $0 $0
Ebenezer Ogundele Trustee 8.00
Director
$0 $0 $0
Folly Mikpeayevo Trustee 8.00
Director
$0 $0 $0
Yawo Missikoa Trustee 8.00
Director
$0 $0 $0
Udoka Hope Trustee 25.00
Director
$0 $0 $0
Richard Ukorebi Trustee 25.00
Director
$0 $0 $0
Francis Ukorebi Trustee 25.00
Director
$0 $0 $0
Temple Columbus Trustee 15.00
Director
$0 $0 $0
Margaret Oyelaja Trustee 20.00
Director
$0 $0 $0
Efosa Alohan Controller 25.00
Officer 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 $2,151,168 $2,061,894 $134,074 $89,274
2023 $3,159,755 $3,114,955 $44,800 $44,800
2022 $441,327 $441,327 No data No data
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