FRIENDS OF THE PAN-AFRICAN CATHOLIC NETWORK INC

EIN: 862824339 501(c)(3) Philanthropy & Grantmaking

ELMWOOD PARK, IL

Total Revenue
$204,630
Total Expenses
$38,451
Total Assets
$191,753
Net Assets
$191,682
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
IL
Principal Officer
REVEREND STAN CHU ILO
Phone
6308428111
Tax Period
2022-01-01 to 2022-12-31

FRIENDS OF THE PAN-AFRICAN CATHOLIC NETWORK INC, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $205K in total revenue in fiscal year 2022. Revenue surged 423% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 81% operating margin.

Mission

THE ORGANIZATION SUPPORTS ORGANIZATIONS AND WORK THAT PROMOTE SCHOLARSHIP, ADVOCACY, AND SOCIAL ENGAGEMENT IN AFRICA. THE ORGANIZATION FOCUSES ITS EFFORTS IN WAYS TO PROMOTE THE ASSETS OF WOMEN, AND VISIBILITY OF WOMEN IN CHURCHES IN AFRICA, WHILE EXPANDING THE SPACES FOR THE VOICES OF THE UNHEARD IN FAITH COMMUNITIES AND THE WIDER PUBLIC IN 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 (2022)

Revenue Breakdown

Contributions & Grants $204,630
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $204,630

Expense Breakdown

Grants Paid $8,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,054
Other Expenses $30,451
TOTAL EXPENSES $38,451

Year-over-Year Comparison

2022 2021 Change
Revenue $204,630 $39,091 +4.2%
Expenses $38,451 $13,589 +1.8%
Net Income $166,179 $25,502 +5.5%
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

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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
9
Independent Members
9
Employees
N/A
Volunteers
9

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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV STAN CHU ILO PRESIDENT 5.00
Officer Director
$0 $0 $0
ALEX G OJACOR SECRETARY (SINCE 12/7/22),DIRECTOR TO 12 5 22 2.00
Officer Director
$0 $0 $0
REV RUFFINO EZAMA DIRECTOR 0.50
Director
$0 $0 $0
DR SUSAN NEDZA TREASURER 2.00
Officer Director
$0 $0 $0
M PAUL MCGAUGHEY VICE PRESIDENT (SINCE 12/6/22 2.00
Officer Director
$0 $0 $0
MARY JOHN BOSCO E AMAKWE DIRECTOR (SINCE 6/23/22) 1.00
Director
$0 $0 $0
JOHN ARINZE UDE DIRECTOR (SINCE 6/23/22) 1.00
Director
$0 $0 $0
PAMELA MATAMBANADZO DIRECTOR (SINCE 12/6/22) 1.00
Director
$0 $0 $0
PAULINUS ODOZOR DIRECTOR 0.50
Director
$0 $0 $0
MUMBI KIGUTHA SECRETARY(THRU 12/6/22) 2.00
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
2022 $204,630 $38,451 $191,753 $166,179
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