AFRICA NAZARENE UNIVERSITY FOUNDATION

EIN: 854222051 501(c)(3) Education

SPRING HILL, TN

Total Revenue
$548,887
Total Expenses
$608,077
Total Assets
$321,411
Net Assets
$321,411
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
TN
Principal Officer
DAVID HAYNES
Phone
6152947801
Tax Period
2023-01-01 to 2023-12-31

AFRICA NAZARENE UNIVERSITY FOUNDATION, founded in 2020, is a small nonprofit in the Education sector that reported $549K in total revenue in fiscal year 2023. Expenses of $608K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE CORPORAION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND SCIENTIFIC PURPOSES. WITHOUT LIMITING THE FOREGOING, THE PRINCIPAL PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE: (A)TO DEVELOP AND FUND PROGRAMS IN SUPPORT OF THE OPERATIONS OF AFERICA NAZARENE UNIVERSITY, ONGATA RONGAI, KWNYA AND (B)TO, ALONE OR IN COOPERATION WITH OTHER PERSONS OR ORGANIZATIONS, DO ANY AND ALL LAWFUL ACT AND THINGS THAT MY BE NECESSARY, USEFUL, SUITABLE, OR PROPER FOR THE FURTHERANCE,ACCOMPLISHMENT, OR ATTAINMENT OF ANY OR ALL OF THE PURPOSES OR PWERS OF THE CORPORATION: (C)TO SOLICIT, COLLECT, RECEIVE, ACCUMULATE, INVEST, ADMINISTER, AND DISBURSE FUNDS IN SUCH A MANNER AS WILL, IN THE SOLE DISCRETION OF THE BOARD OF DIRECTORS, MOST EFFECTIVELY OPERATE TO FURTHER RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES THAT QUALIFY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE AND (F) TO MAKE DISTRIBUTIONS FOR THO

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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 $543,764
Program Service Revenue $0
Investment Income $5,123
Other Revenue $0
TOTAL REVENUE $548,887

Expense Breakdown

Grants Paid $483,216
Salaries & Benefits $0
Fundraising Expenses $10,248
Program Expenses $560,799
Other Expenses $124,861
TOTAL EXPENSES $608,077

Year-over-Year Comparison

2023 2022 Change
Revenue $548,887 $521,864 +0.1%
Expenses $608,077 $208,664 +1.9%
Net Income $-59,190 $313,200 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STANLEY BHEBHE DIRECTOR 0.25
Director
$0 $0 $0
JAMES COPPLE DIRECTOR 0.25
Director
$0 $0 $0
EUGENIO DUARTE DIRECTOR 0.25
Director
$0 $0 $0
DEBORAH DYKHOUSE DIRECTOR 0.25
Director
$0 $0 $0
DON GARDNER DIRECTOR 0.25
Director
$0 $0 $0
DANIEL GOMIS DIRECTOR 0.25
Director
$0 $0 $0
JERRY D LAMBERT DIRECTOR 0.25
Director
$0 $0 $0
CORLIS MCGEE DIRECTOR 0.25
Director
$0 $0 $0
DENNIS MOORE DIRECTOR 0.25
Director
$0 $0 $0
DAVID HAYNES SECRETARY-TR 0.25
Officer
$0 $0 $0
KEVIN M ULMET PRESIDENT 0.25
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
2024 No data No data No data No data
2023 $548,887 $608,077 $321,411 $-59,190
2022 $521,864 $208,664 $380,601 $313,200
2021 $663,731 $596,330 $67,401 $67,401
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