HARAMBE ENTREPRENEUR ALLIANCE

EIN: 900519137 501(c)(3) Education

CONCORD, NH

Total Revenue
$664,815
Total Expenses
$521,835
Total Assets
$3,283,110
Net Assets
$3,207,283
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NH
Principal Officer
OKENDO LEWIS GAYLE
Phone
6032754316
Tax Period
2023-01-01 to 2023-12-31

HARAMBE ENTREPRENEUR ALLIANCE, founded in 2011, is a small nonprofit in the Education sector that reported $665K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $143K, a strong 22% operating margin.

Mission

THE HARAMBE ENTREPRENEUR ALLIANCE IS A NETWORK OF HIGHLY EDUCATED YOUNG AFRICAN ENTREPRENEURS WHO ARE SPEARHEADING SOCIAL AND BUSINESS VENTURES ACROSS AFRICA WITH THE GOAL OF PROMOTING BUSINESS VENTURES AND SOCIALLY RESPONSIBLE PROJECTS.

Program Service Accomplishments

Program 1
Expenses: $467,571 Revenue: $53,357

HARAMBE ENTREPRENEUR ALLIANCE WORKS TO FOSTER A CULTURE CONDUCIVE TO YOUTH ENTREPRENEURSHIP ACROSS AFRICA. HEA PROVIDES MENTORS, SCHOLARSHIPS, SERVICES, PHILANTHROPY AND ACCESS TO INVESTORS IN AN...

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HARAMBE ENTREPRENEUR ALLIANCE WORKS TO FOSTER A CULTURE CONDUCIVE TO YOUTH ENTREPRENEURSHIP ACROSS AFRICA. HEA PROVIDES MENTORS, SCHOLARSHIPS, SERVICES, PHILANTHROPY AND ACCESS TO INVESTORS IN AN EFFORT TO LOWER THE ENTRY BARRIERS TO ENTREPRENEURSHIP FACING QUALIFIED YOUNG AFRICANS, WHO WISH TO START UP OR SCALE UP THEIR SOCIAL AND BUSINESS VENTURES. HEA CONTENDS THAT AFRICA'S SUCCESS IN THE 21ST CENTURY WILL BE DETERMINED BY ITS ABILITY TO TAP INTO THE INNOVATION AND ENTREPRENEURIAL POTENTIAL OF ITS MOST VALUABLE RESOURCE, ITS YOUNG AND HIGHLY ENTERPRISING GLOBAL HUMAN CAPITAL. TO THIS END HEA, IN PARTNERSHIP WITH AFRICA'S MOST INNOVATIVE AND EFFECTIVE PUBLIC AND PRIVATE SECTOR GROUPS, SUPPORTS ENTREPRENEURIAL ENGAGEMENT OPPORTUNITIES FOR THE NEXT GENERATION OF AFRICAN PROFESSIONALS.IN LINE WITH OUR MISSION OUR ALLIANCE HAS NURTURED THIS ECOSYSTEM BY CAPTURING THE IMAGINATION OF HIGHLY EDUCATED YOUNG AFRICANS AROUND THE WORLD, INFORMING THEM OF THE COMPLEX CHALLENGES AND DIVERSE OPPORTUNITIES OF THE CONTINENT AND PROVIDING ACCESS TO A PANOPLY OF ENGAGEMENT OPTIONS ACROSS AFRICA. AS EVIDENCED BY THE GROWING NUMBER OF APPLICANTS TO JOIN OUR ALLIANCE, OUR EFFORT HAS RENDERED RISK TAKING AND DIRECT ENGAGEMENT MORE APPEALING TO YOUNG AFRICANS, WHO HAVE TRADITIONALLY PREFERRED THE PREDICTABILITY AND RELATIVE SAFETY OF CORPORATE CAREERS. CAPTURE: TO COUNTER THE NEGATIVE AND PERVASIVE PORTRAYAL OF AFRICA AS A LAND OF POVERTY, WAR, AND DEVASTATION, WHICH HAS OFTEN DETERRED THE DIRECT ENGAGEMENT OF HIGHLY EDUCATED AFRICANS LIVING ABROAD, HEA HAS SOUGHT TO RE-BRAND THE SOCIAL, POLITICAL AND ECONOMIC NEEDS OF AFRICA. THE CENTERPIECE OF OUR AFRICA RE-BRANDING EFFORT HAS BEEN THE HARAMBE BRETTON WOODS SYMPOSIUM (HBWS).HBWS: HEA'S ANNUAL GATHERING, KNOWN AS THE HARAMBE BRETTON WOODS SYMPOSIUM BRINGS TOGETHER HIGHLY EDUCATED YOUNG AFRICAN SOCIAL AND BUSINESS ENTREPRENEURS TO SHARE THEIR EXPERIENCES AND DISCUSS STRATEGIES TO SCALE UP THEIR VENTURES AND INCREASE THE IMPACTOF THEIR ACTION.DIVERSITY: OVER 4000 YOUNG AFRICANS STUDYING IN UNIVERSITIES IN AFRICA, ASIA, EUROPE, NORTH AMERICA AND OCEANIA SUBMIT THEIR APPLICATIONS EACH YEAR IN A BID TO PARTICIPATE IN THE HBWS. THE COMPETITIVE NATURE OF OUR APPLICATION PROCESS HAS ENABLED US TO ASSEMBLE OVER 200 QUALIFIED AND HIGHLY MOTIVATED ENTREPRENEURIAL LEADERS, A FEMALE MAJORITY GROUP WHICH REPRESENTS OVER 79 UNIVERSITIES, 34 AFRICAN COUNTRIES AND 5 CONTINENTS. HBWS SPEAKERS AND GUESTS: THANKS TO THE GUESTS AND SPEAKERS OF OUR TEN ANNUAL SYMPOSIA, HARAMBE ENTREPRENEURS HAVE GAINED ACCESS TO ADMISSION OFFICERS AT LEADING GRADUATE PROGRAMS IN EUROPE AND NORTH AMERICA AND PROMINENT FIGURES FROM INFLUENTIAL GROUPS. HARAMBE CAMPUS COLLOQUIA: OUR ANNUAL CAMPUS DISCUSSIONS IN UNIVERSITIES IN ASIA, EUROPE AND NORTH AMERICA CONTINUE TO PRESENT YOUNG AFRICAN STUDENTS WITH VIABLE ALTERNATIVES TO CORPORATE CAREERS OUTSIDE OF AFRICA.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $512,085
Program Service Revenue $53,350
Investment Income $93,865
Other Revenue $5,515
TOTAL REVENUE $664,815

Expense Breakdown

Grants Paid $13,472
Salaries & Benefits $84,960
Fundraising Expenses $8,839
Program Expenses $467,571
Other Expenses $423,403
TOTAL EXPENSES $521,835

Year-over-Year Comparison

2023 2022 Change
Revenue $664,815 $948,314 -0.3%
Expenses $521,835 $642,122 -0.2%
Net Income $142,980 $306,192 -0.5%
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
7
Independent Members
6
Employees
N/A
Volunteers
6

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
$84,960
Total Directors
7
$84,960
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
OKENDO LEWIS GAYLE EXECUTIVE CHAIRMAN 40.00
Officer Director
$84,960 $0 $84,960
ROBERT MACPHERSON TREASURER 5.00
Officer Director
$0 $0 $0
MATTHIAS REICHWALD TRUSTEE 1.00
Director
$0 $0 $0
YONAS BESHAWRED TRUSTEE 1.00
Director
$0 $0 $0
MARY DE WYSOCKI TRUSTEE 1.00
Director
$0 $0 $0
MARK WEBER TRUSTEE 1.00
Director
$0 $0 $0
SNEHA SHAH TRUSTEE 1.00
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 No data No data No data No data
2023 $664,815 $521,835 $3,283,110 $142,980
2022 $948,314 $642,122 $3,145,732 $306,192
2021 $314,506 $644,422 $2,789,573 $-329,916
2020 $154,143 $646,357 $3,111,048 $-492,214
2019 $3,645,269 $687,751 $3,621,571 $2,957,518
2018 $954,852 $589,511 $2,662,385 $365,341
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