2024-11-15T14:30:31-06:00 2023-12-31 231144520 TAIT WELLER & BAKER LLP 50 SOUTH 16TH STREET SUITE 2900 PHILADELPHIA PA 19102 990 2023-01-01 530218859 THE AFRICA-AMERICA INSTITUTE AFRI 2129495666 60 E 42ND STREET 1700 NEW YORK NY 101656222 KOFI APPENTENG PRESIDENT 2129495666 2024-11-15 1 0 HARRISON PEREIRA P00746867 2159798800 2024-11-13 2023 2024-10-15 13:58:12Z KOFI APPENTENG 60 E 42ND STREET 1700 NEW YORK NY 101656222 4011735 0 X WWW.AAIONLINE.ORG X 1953 NY PROMOTING ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH SCHOLARSHIPS AND CONVENINGS. 10 10 7 10 0 0 2287086 3482929 0 0 159229 77513 53097 -94072 2499412 3466370 520851 353552 0 0 787900 871929 0 0 596394 2116314 2610030 3425065 3835511 -925653 -369141 4828144 5234771 2786632 3199697 2041512 2035074 X FOUNDED IN 1953, THE AFRICA-AMERICA INSTITUTE PROMOTES ENLIGHTENED ENGAGEMENT BETWEEN AFRICA AND AMERICA THROUGH EDUCATION, TRAINING AND DIALOGUE. AAI DESIGNS AND MANAGES PROGRAMS THAT ENABLE AFRICAN STUDENTS TO PURSUE ACADEMIC DEGREES AND NON-DEGREE PROFESSIONAL CERTIFICATES AT QUALITY TERTIARY (POST SECONDARY) INSTITUTIONS WITHIN AND OUTSIDE AFRICA. AAI PROGRAMS ALSO PROVIDE A PLATFORM FOR AFRICAN PERSPECTIVES TO INFORM U.S. POLICIES AND ATTITUDES TOWARD AFRICA THAT HAVE A BEARING ON AFRICAN HUMAN CAPACITY BUILDING. AAI'S CORE PURPOSE IS TO CONTRIBUTE TO THE REDUCTION OF POVERTY AND UNEMPLOYMENT, AND THE EXPANSION OF FREEDOM, IN AFRICA. TO DATE WE HAVE ROUGHLY 23,000 ALUMNI WHO HAVE BENEFITED FROM OUR ADVANCED ACADEMIC AND PROFESSIONAL TRAINING PROGRAMS. AMONG THESE INDIVIDUALS IS WANGARI MAATHAI THE SCIENTIST, ENVIRONMENTAL ACTIVIST, AND 2004 NOBEL LAUREATE FROM KENYA. 0 0 2654526 353552 AAI'S AFRICAN HIGHER EDUCATION PROGRAM MANAGES SCHOLARSHIPS AND OTHERWISE PROVIDES OPPORTUNITIES FOR AFRICAN MEN AND WOMEN TO RECEIVE ADVANCED ACADEMIC, PROFESSIONAL, AND LEADERSHIP TRAINING WITHIN AND OUTSIDE AFRICA. 2654526 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 28 0 1 7 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X KOFI APPENTENG 2127397834 60 E 42ND STREET SUITE 1700 NEW YORK NY 101656222 NIK AMARTEIFIO TRUSTEE 5.00 X 0 0 0 PETER MCKILLOP TRUSTEE 5.00 X 0 0 0 PROF OUSSEINA ALIDOU TRUSTEE 5.00 X 0 0 0 MAMADOU BEYE TRUSTEE 5.00 X 0 0 0 REBECCA L EDWARDS TRUSTEE 5.00 X 0 0 0 MICHELLE GAVIN TRUSTEE 5.00 X 0 0 0 CHRISTAL M JACKSON TRUSTEE 5.00 X 0 0 0 ROBERT MCCARTHY SECRETARY 5.00 X X 0 0 0 KHUMO SHONGWE TRUSTEE 5.00 X 0 0 0 HUMBLE LUKANGA TRUSTEE 5.00 X 0 0 0 KOFI APPENTENG PRESIDENT & CEO 35.00 X 240690 0 36832 AMBAR TAVAREZ CHIEF FINANCIAL OFFICER 35.00 X 141200 0 24892 SYDNEY PLANT CHIEF DEVELOPMENT OFFICER 35.00 X 127500 0 7919 JOURDEN WARREN CHIEF OF STRATEGIC PARTNERSHIPS AND ENGAGEMENT 35.00 X 114613 0 16734 624003 0 86377 4 0 1 0 GHEBRE SELASSIE MEHRETEAB 600 FRANKLIN WAY WEST CHESTER PA 19380 BUSINESS ADVISOR 150496 1 525064 2957865 3482929 104303 104303 332983 359773 -26790 -26790 -26790 91520 525064 185592 -94072 -94072 3466370 0 0 -16559 X 303552 303552 25000 25000 25000 25000 443614 336081 68710 38823 318166 241041 49279 27846 11775 8920 1824 1031 49810 37736 7715 4359 48564 36792 7522 4250 80981 53182 12797 15002 34308 34308 1482680 973717 234299 274664 87354 24062 41157 22135 153151 95836 37991 19324 381358 288947 29234 63177 10001 3014 6354 633 SPECIAL EVENTS 139041 19213 119828 TRANSACTION FEES 54017 16279 34318 3420 PAYROLL EXPENSES 19858 5985 12616 1257 167281 160169 6467 645 3835511 2654526 584591 596394 302449 770658 386200 89255 29914 25330 55193 55193 0 0 2911665 3317043 1197916 1032485 4828144 5234771 308985 229152 159921 164280 2317726 2806265 2786632 3199697 X 1312716 617840 728796 1417234 2041512 2035074 4828144 5234771 -369141 362703 0 X X 0 1 X 1 0 X 1566535 2776079 1961836 2287086 3482929 12074465 1566535 2776079 1961836 2287086 3482929 12074465 3715329 8359136 97466 75338 77658 68274 104303 423039 12497504 0.66890 0.51970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55193 55193 0 0 RIGHT-OF-USE ASSET 1032485 1032485 LINE OF CREDIT 1683552 LEASE LIABILITIES 1122713 2806265 X 3794765 362703 362703 3432062 34308 34308 3466370 3801203 0 3801203 34308 34308 3835511 PART X, LINE 2: THE INSTITUTE HAS REVIEWED THE TAX POSITIONS FOR EACH OF THE OPEN FISCAL TAX YEARS (2020-2022) OR EXPECTED TO BE TAKEN IN THE INSTITUTE'S FISCAL 2023 TAX RETURN AND HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS. 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 PROGRAM ACTIVITIES 25000 0 0 0 0 0 0 25000 0 25000 SUB-SAHARAN AFRICA SPONSORSHIP 25000 0 1 0 0 0 0 0 0 0 PART I, LINE 2: EACH GRANT HAS A SEPARATE SECTION IN THE GENERAL LEDGER. EXCEL FILES ARE KEPT AS A BACKUP. THE PROGRAM DIRECTOR MAINTAINS OTHER PROGRAM INFORMATION. X X X X 0 GHEBRE S MEHRETEAB 600 FRANKLIN WAY WEST CHESTER PA 19380 SOLICITATION OF NONGOVERNMENTAL GRANTS 0 2875000 0 87996 2875000 87996 NY ANNUAL BENEFIT DINNER 616584 525064 91520 185592 616584 525064 91520 185592 185592 -94072 1 SOUTHFIELD PUBLIC SCHOOL DISTRICT 24661 LAHSER ROAD SOUTHFIELD MI 48033 386003094 501(C)(3) 303551 0 PROGRAM SERVICE 1 0 HONORARIUMS 1 25000 1 X X 0 0 0 0 0 0 0 0 0 KOFI APPENTENG PRESIDENT & CEO 240690 0 0 0 0 0 16059 0 20773 0 277522 0 0 0 AMBAR TAVAREZ CHIEF FINANCIAL OFFICER 141200 0 0 0 0 0 7060 0 17832 0 166092 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE APPROPRIATE COMMITTEE AND SHARED WITH THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIRMAN OF THE AUDIT AND FINANCE COMMITTEE REVIEWS THIRD PARTY CONTRACTS TO DETERMINE IF THERE ARE ANY POTENTIAL RELATED PARTY TRANSACTIONS, AND INQUIRES TO ENSURE THAT THE POLICY IS COMPLIED WITH. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD COMPARES THE CEO COMPENSATION WITH COMPARABLE NOT-FOR-PROFITS' COMPENSATION. FROM THIS ANALYSIS A DISCUSSION ENSUES AND THE COMPENSATION IS DETERMINED. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 973,717. MANAGEMENT AND GENERAL EXPENSES 234,299. FUNDRAISING EXPENSES 274,664. TOTAL EXPENSES 1,482,680. PART XI, LINE 2C THE AUDIT AND FINANCE INVESTMENT COMMITTEE OF THE BOARD RECEIVE A "DRAFT COPY" OF THE FORM 990 ONCE PREPARED BY THE CPA FIRM. IT IS THEN REVIEWED IN GREAT DETAIL. ONCE THEY ARE SATISFIED, A CLEAN DRAFT IS PRESENTED TO THE FULL BOARD. WHEN THE BOARD,FINANCE AND INVESTMENT COMMITTEES ARE SATIFIED, THE TAX RETURN IS THEN FILED WITH THE IRS.