AFRICAN MILLENNIUM FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

JOE SIVE

Phone

3104982752

Tax Period

2024-01-01 to 2024-12-31

AFRICAN MILLENNIUM FOUNDATION INC, founded in 1999, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $218K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $210K left a modest 4% surplus.

Mission

WORKING WITH GRASS ROOTS ORGANIZATIONS IN AFRICA BY FUNDING PROJECTS THAT EMPOWER WOMEN AND CHILDREN AND BY PROVIDING FINANCIAL SUPPORT OF AFRICAN STUDENTS IN UNITED STATES UNIVERSITIES.

Program Service Accomplishments

Program 1

Expenses: $78,200

AMF SCHOLARS: TUITION AND EDUCATION RESOURCE GRANT COMMITTED TO THE POTENTIAL OF ASPIRING STUDENTS ACROSS AFRICA BY OFFERING LIFE CHANGING SCHOLARSHIPS FOR HIGHER EDUCATION WITH A SPECIFIC FOCUS IN THE MEDICAL FIELD. THE PROGRAM EMPOWERS TALENTED INDIVIDUALS WHO MIGHT OTHERWISE BE DENIED THE OPPORTUNITY TO PURSUE THEIR DREAMS OF A HIGHER EDUCATION. BY BRIDGING THE GAP BETWEEN AMBITION AND ACCESS, WE AIM TO CREATE A BRIGHTER FUTURE FOR BOTH OUR SCHOLARS AND THE COMMUNITIES THEY SERVE.

Program 2

Expenses: $32,526

OPERATION HOPE AND ABIGAIL - DEMOCRATIC REPUBLIC OF CONGO: BRINGING LIGHT TO LITTLE LIVES IN AFRICA. AFRICAN MILLENNIUM FOUNDATION'S MISSION IS TO MAKE A PROFOUND DIFFERENCE IN THE LIVES OF CHILDREN BATTLING RETINOBLASTOMA AND OTHER CHALLENGING DISEASES ACROSS AFRICA, WE BELIEVE THAT EVERY CHILD DESERVES A CHANCE AT A HEALTHY AND FULFILLING LIFE, REGARDLESS OF THEIR CIRCUMSTANCES. IN THIS MISSION, TO SAVE LIVES WE SUPPORT THE KIDS AND FAMILIES WITH TRANSPORTATION, HOUSING, FUNDING FOR MEDICAL INTERVENTIONS, AND POST OP CARE UNTIL THEY ARE ABLE TO TRAVEL BACK TO THEIR VILLAGES OR HOME COUNTRY.

Program 3

Expenses: $15,000

ALBINISM AWARENESS PROGRAM: AFRICAN MILLENNIUM FOUNDATION WORKS WITH PEOPLE WITH ALBINISM IN TANZANIA BY AMPLIFYING THEIR VOICES, AND EMPOWERING THEM THROUGH EDUCATION, ADVOCACY, AND COMMUNITY...

ALBINISM AWARENESS PROGRAM: AFRICAN MILLENNIUM FOUNDATION WORKS WITH PEOPLE WITH ALBINISM IN TANZANIA BY AMPLIFYING THEIR VOICES, AND EMPOWERING THEM THROUGH EDUCATION, ADVOCACY, AND COMMUNITY SUPPORT. WE ARE COMMITTED TO ENDING THE HORRIFIC PRACTICE OF HUNTING INDIVIDUALS FOR THEIR BODY PARTS AND TO BUILDING A FUTURE WHERE EVERY PERSON WITH ALBINISM IS SAFE, CELEBRATED, AND FREE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $218,487

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,487

Expense Breakdown

Grants Paid $163,926

Salaries & Benefits $0

Fundraising Expenses $3,132

Program Expenses $125,726

Other Expenses $42,504

TOTAL EXPENSES $209,562

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,487	$176,663	+0.2%
Expenses	$209,562	$170,686	+0.2%
Net Income	$8,925	$5,977	+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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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE SIVE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
WILLIAM KILLU	PRESIDENT	5.00	Officer Director	$0	$0	$0
RHONDA THORNTON	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$0
STANLEY KIMANI	DIRECTOR	4.00	Officer Director	$0	$0	$0
CCH POUNDER	DIRECTOR	4.00	Officer Director	$0	$0	$0
ALICE KARANGA	DIRECTOR	4.00	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	$218,487	$209,562	$36,614	$8,925
2022	$216,966	$171,661	$43,733	$45,305
2021	$113,851	$175,952	$28,475	$-62,101
2020	$158,177	$113,194	$43,256	$44,983