2025-10-15T00:20:46-05:00 2024-12-31 392519050 ELLIOTT DAVIS ADVISORY LLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2024-01-01 364509500 HEART FOR AFRICA INC HEAR 6785661589 PO BOX 1308 ROSWELL GA 30077 IAN MAXWELL CEO/CO-FOUNDER 6785661589 2025-10-14 1 0 JANICE A RATICA P00358837 7043338881 2025-10-14 2024 2025-03-06 01:10:19Z IAN MAXWELL PO BOX 1308 ROSWELL GA 30077 6070858 0 X WWW.HEARTFORAFRICA.ORG X 2002 GA THE ORGANIZATION SEEKS TO SERVE AFRICA IN THE AREAS OF HUNGER, ORPHANS, POVERTY, AND EDUCATION. 15 13 17 124 0 0 5369723 5927458 159688 129143 8512 37 -508731 -675171 5029192 5381467 2785236 2544395 0 0 1183946 1394000 0 0 426999 613217 793346 4582399 4731741 446793 649726 2015491 2738715 325748 399246 1689743 2339469 X THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE AN OPPORTUNITY FOR NORTH AMERICANS TO BRING HOPE TO AFRICANS IN THE AREAS OF HUNGER, ORPHANS, POVERTY, AND EDUCATION. 0 0 2190497 1485887 CHILDREN - ESWATINI CONTINUES TO SUFFER THE EFFECTS OF THE HIV/AIDS CRISIS, WITH NEARLY HALF THE POPULATION CLASSIFIED AS ORPHANS OR VULNERABLE CHILDREN. HEART FOR AFRICA PROVIDES A SAFE, LONG-TERM HOME AT PROJECT CANAAN FOR OVER 440 CHILDREN, MANY OF WHOM ARRIVE SEVERELY MALNOURISHED OR TRAUMATIZED. A NEW BABY IS RECEIVED APPROXIMATELY EVERY NINE DAYS. THE ORGANIZATION SUPPLIES HOUSING, NUTRITION, CLOTHING, HEALTHCARE, AND EDUCATION THROUGH HIGH SCHOOL, AS WELL AS VOCATIONAL TRAINING TO PREPARE CHILDREN FOR ADULTHOOD AND EMPLOYMENT. PROJECT CANAAN ALSO SUPPORTS THE LOCAL ECONOMY BY EMPLOYING NEARLY 500 SWAZIS AND OPERATING A LARGE-SCALE SUSTAINABLE FARM. 1358765 921695 FARM - PROJECT CANAAN, HEART FOR AFRICA'S 2,500-ACRE FARM IN ESWATINI, INTEGRATES GLOBAL EXPERTISE TO DRIVE SUSTAINABLE AGRICULTURE, FOOD SECURITY, AND LOCAL EMPLOYMENT. THE FARM PRODUCES OVER 550 GALLONS OF MILK WEEKLY FROM 140 DAIRY COWS, AND OVER 6,000 HENS SUPPLY THOUSANDS OF EGGS WEEKLY TO CHILDREN ONSITE AND TO OVER 4,500 VULNERABLE CHILDREN NATIONWIDE. CROPS SUCH AS BANANAS, PAPAYAS, AVOCADOS, AND DRAGON FRUIT ARE CULTIVATED ALONGSIDE A GROWING VANILLA INITIATIVE, WITH RECENT UPGRADES SHIFTING FOCUS FROM AQUAPONICS TO HIGHER-VALUE FARMING. A MAJOR WATER PIPELINE PROJECT, COMPLETED IN 2018, CHANNELS SPRING WATER DOWN THE MOUNTAIN AND THROUGH A NETWORK OF DAMS TO ENSURE YEAR-ROUND IRRIGATION AND HOUSEHOLD SUPPLY. IN 2023, THE FARM EARNED GLOBAL G.A.P. CERTIFICATION AND BEGAN EXPORTING FRESH PRODUCE TO SOUTH AFRICA, MARKING A MILESTONE IN ITS MISSION TO CREATE LONG-TERM FOOD AND ECONOMIC SUSTAINABILITY. 201690 136813 129143 KHUTSALA ARTISANS - UNEMPLOYMENT AND POVERTY REMAIN PROFOUND CHALLENGES IN ESWATINI, WITH OVER HALF THE POPULATION LIVING BELOW THE NATIONAL POVERTY LINE AND UNEMPLOYMENT ESTIMATED AT AROUND 70%. PROJECT CANAAN ADDRESSES THESE ISSUES THROUGH VOCATIONAL TRAINING AND MEANINGFUL EMPLOYMENT, WITH NEARLY 500 LOCAL MEN AND WOMEN WORKING ACROSS INITIATIVES SUCH AS KHUTSALA ARTISANS, THE KUFUNDZA CARPENTRY CENTER, LUSITO MECHANICS, AND THE FARM. KHUTSALA ARTISANS ALONE EMPLOYS OVER 100 INDIVIDUALS WHO ARE TRAINED IN BEADWORK, JEWELRY, CERAMICS, AND BUSINESS SKILLS, WITH 100% OF PROFITS FROM PRODUCT SALES SUPPORTING THE CHILDREN'S HOMES. ON AVERAGE, EACH EMPLOYED SWAZI SUPPORTS SEVEN FAMILY MEMBERS, MEANING THESE EMPLOYMENT PROGRAMS INDIRECTLY IMPACT THE WELL-BEING OF NEARLY 3,500 PEOPLE IN THE SURROUNDING COMMUNITIES. BY PROVIDING DIGNIFIED WORK, VOCATIONAL EDUCATION, AND STEADY INCOME, PROJECT CANAAN STRENGTHENS FAMILIES, REDUCES VULNERABILITY, AND FOSTERS LONG-TERM SELF-SUFFICIENCY ACROSS ESWATINI THROUGH PROGRAMS LIKE KHUTSALA ARTISANS.HEART FOR AFRICA'S HOPE INITIATIVECENTERED ON FIGHTING HUNGER, CARING FOR ORPHANS, DECREASING POVERTY, AND PROVIDING EDUCATIONTRANSFORMS LIVES ACROSS ESWATINI. THROUGH ITS HUNGER INITIATIVE, THE ORGANIZATION PARTNERS WITH RURAL CHURCHES TO DELIVER FOOD PACKAGES, PRODUCE, AND EGGS, SERVING APPROXIMATELY 4,500 ORPHANED AND VULNERABLE CHILDREN ON A WEEKLY BASIS. PROJECT CANAAN, THE ORGANIZATION'S 2,500-ACRE CAMPUS, PROVIDES LONG-TERM CARE FOR MORE THAN 440 VULNERABLE CHILDREN, RECEIVING A NEW CHILD APPROXIMATELY EVERY NINE DAYS. TO ADDRESS POVERTY, NEARLY 500 LOCAL MEN AND WOMEN ARE EMPLOYED IN AGRICULTURE, ARTISAN CRAFTS, CARPENTRY, MECHANICS, AND OTHER VOCATIONAL SECTORS. ON AVERAGE, EACH EMPLOYEE SUPPORTS SEVEN FAMILY MEMBERS, EXTENDING ECONOMIC IMPACT TO NEARLY 3,500 INDIVIDUALS IN SURROUNDING COMMUNITIES.THE FARM INCLUDES A DAIRY THAT PRODUCES MILK AND DAIRY PRODUCTS, AN EGG PROJECT WITH OVER 6,000 LAYING HENS, AND A RANGE OF CROPS INCLUDING VANILLA AND GREENHOUSE PRODUCE. THESE ARE SUPPORTED BY A ROBUST WATER SYSTEM FEATURING SPRING-FED PIPELINES AND DAMS TO ENSURE RELIABLE YEAR-ROUND IRRIGATION. EDUCATION IS DELIVERED THROUGH PROJECT CANAAN ACADEMY, WHICH IS EXPANDING THROUGH HIGH SCHOOL, ALONGSIDE VOCATIONAL TRAINING AND ADULT LEARNING OPPORTUNITIES. MEDICAL CARE IS PROVIDED THROUGH AN ON-SITE CLINIC SERVING CHILDREN, STAFF, AND SURROUNDING FAMILIES. EACH YEAR, HUNDREDS OF VOLUNTEERS VISIT TO SUPPORT PROGRAMS, RAISE AWARENESS, AND ASSIST WITH FUNDRAISING, WHILE 100% OF PROFITS FROM ARTISAN PRODUCT SALES GO DIRECTLY TO SUPPORT THE CHILDREN'S HOMES. THESE INTEGRATED PROGRAMS COLLECTIVELY COMBAT HUNGER AND POVERTY, CARE FOR ORPHANS, BUILD JOB SKILLS, AND STRENGTHEN COMMUNITY RESILIENCE ACROSS ESWATINI. 3750952 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X IAN MAXWELL 6785661589 PO BOX 1308 ROSWELL GA 30077 IAN MAXWELL CEO/CO-FOUNDER 40.00 X X 180000 0 0 DAVID BRYANT EXECUTIVE DIRECTOR 40.00 X 140361 0 16742 JANINE MAXWELL VICE PRESIDENT/CO-FOUNDER 40.00 X X 150000 0 0 JOHN MCCARTHY DIRECTOR OF FINANCE 40.00 X 114245 0 16742 MIKE AMMENTORP RELATIONSHIP MANAGER 40.00 X 100556 0 0 JAMES ALAN HILL MEMBER 1.00 X 0 0 0 ROBERT HOLMES MEMBER 1.00 X 0 0 0 TED WATSON MEMBER 1.00 X 0 0 0 MORGAN KOKARAM MEMBER 1.00 X 0 0 0 LA'KERRI JACKSON MEMBER 1.00 X 0 0 0 ESTHER NDICHU MEMBER 1.00 X 0 0 0 DOUG LIPTAK MEMBER 1.00 X 0 0 0 MELVA TATE MEMBER 1.00 X 0 0 0 PAUL TODD MEMBER 1.00 X 0 0 0 LINDSEY MORRISON MEMBER 1.00 X 0 0 0 KRISTI MORRILL MEMBER 1.00 X 0 0 0 KRISTEN JOHNS SECRETARY 1.00 X X 0 0 0 JILL WOOD-WOLFF TREASURER 1.00 X X 0 0 0 SANDRA GREEN VICE CHAIRMAN 1.00 X X 0 0 0 CHRIS WINKLE CHAIRMAN 1.00 X X 0 0 0 685162 0 33484 5 0 1 0 0 1145280 4782178 367662 5927458 JEWLERY SALES 458000 129143 129143 129143 37 37 14220 1145280 689391 -675171 -675171 5381467 129143 0 -675134 2544395 2544395 584606 584606 658191 124310 318497 215384 63376 36172 16229 10975 87827 50128 22490 15209 8918 5351 3567 28269 28269 213174 51394 161780 104181 93768 10413 49383 49383 234018 234018 59921 34201 15344 10376 5708 3258 1462 988 10820 6176 2770 1874 DIRECT COST OF SALES 64803 64803 VOLUNTEER EXPENSES 14151 14151 4731741 3750952 553790 426999 1056455 653247 203448 1499426 443303 557567 94915 13807 203676 0 61978 47310 13694 14668 2015491 2738715 114274 234522 211474 164724 325748 399246 X -35246 -437314 1724989 2776783 1689743 2339469 2015491 2738715 649726 0 X X 0 1 X 1 0 X 3025441 3891774 3285347 5369723 5927458 21499743 3025441 3891774 3285347 5369723 5927458 21499743 393603 21106140 1748 140 141 105 37 2171 21501914 288831 0.98160 0.99180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61978 47310 14668 14668 RESERVE FOR EMPLOYEE RETENTION CREDITS 164724 164724 X PART X, LINE 2: HFA AND HFA SWAZILAND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 SUB-SAHARAN AFRICA 0 2 GRANTS TO RECIPIENTS LOCATED IN REGION THE ORGANIZATION CONDUCTED VOLUNTEER SERVICE TRIPS TO AFRICA, PARTNERED WITH AFRICAN ORGANIZATIONS TO PROVIDE CHILDREN'S HOMES FOR ORPHANS, AND RAISED AWARENESS OF THE AIDS EPIDEMIC AND ITS IMPACT ON THE CHILDREN OF AFRICA. 2544395 0 2 0 0 0 2 2544395 0 2544395 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, PROJECT CANAAN AND CHILD SPONSORSHIP 2544395 VARIOUS CASH PAYMENTS 0 1 0 0 0 0 0 0 0 PART I, LINE 2: US REPRESENTATIVES, INCLUDING JOHN MCARTHY (DIRECTOR OF FINANCE), MAKE SITE VISITS TO THE PROJECT CANAAN CAMPUS TO VISUALLY INSPECT PROJECT STATUS AND ACTIVITIES OF THE CAMPUS. AT LEAST ANNUALLY, A RECONCILIATION OF GRANTS MADE TO HFA SWAZILAND TO GRANTS RECEIVED BY HFA SWAZILAND BY PURPOSE IS PERFORMED. THE DIRECTOR OF FINANCE HAS ACCESS TO THE FINANCIAL RECORDS OF HFA SWAZILAND AND CAN MONITOR FINANCIAL ACTIVITIES. A CONSOLIDATED AUDITED FINANCIAL STATEMENT IS PERFORMED ANNUALLY. FOUNDERS WEEKEND 1126614 1126614 657649 GOLF TOURNAMENT 32886 18666 14220 14665 1 17077 1159500 1145280 14220 689391 689391 -675171 X X 0 0 0 1 0 0 0 0 0 IAN MAXWELL CEO/CO-FOUNDER 180000 0 0 0 0 0 0 0 0 0 180000 0 0 0 DAVID BRYANT EXECUTIVE DIRECTOR 117409 0 22952 0 0 0 0 0 16742 0 157103 0 0 0 PART I, LINE 5 THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET WHICH INCLUDES COMPENSATION FOR KEY EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR. THE BASE SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED ON AN ANNUAL BASIS AND COMPARED TO SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS. IN ADDITION TO THE BASE SALARY, THE EXECUTIVE DIRECTOR IS ELIGIBLE FOR A BONUS BASED ON FUNDRAISING ACHIEVEMENTS, SPECIFICALLY WHETHER THE ORGANIZATION EXCEEDS THE ANNUAL FUNDRAISING GOAL ESTABLISHED FOR THE YEAR. IF THE ANNUAL FUNDRAISING GOAL IS EXCEEDED AND PERMITS THE ORGANIZATION TO ACCELERATE OR EXPAND PROGRAMS OR ACCELERATE CAPITAL EXPENDITURES THAT FURTHER THE ORGANIZATION'S MISSION OF PROVIDING HOPE IN THE AREAS OF HUNGER, ORPHANS, POVERTY AND EDUCATION, THE EXECUTIVE DIRECTOR IS ELIGIBLE TO RECEIVE A MONETARY BONUS. FOR 2024, THE FUNDRAISING REVENUE EXCEEDED THE BUDGETED AMOUNT AND RESULTED IN A BONUS FOR THE EXECUTIVE DIRECTOR. THE TOTAL COMPENSATION OF THE EXECUTIVE DIRECTOR, INCLUDING BASE SALARY AND BONUS, REMAINS IN THE TOTAL COMPENSATION RANGE FOR SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS. X 9 367662 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE CHIEF EXECUTIVE OFFICER/CO-FOUNDER AND VICE PRESIDENT/CO-FOUNDER ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT THAT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND/OR VOTE ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UTILIZED A THIRD PARTY STUDY AS WELL AS COMPARABLE DATA FROM SIMILAR ORGANIZATIONS WITH COMPARABLE COMPLEXITY, SIZE AND SERVICES TO ENSURE THAT EXECUTIVE COMPENSATION IS FAIR, REASONABLE AND NOT EXCESSIVE. THE COMPENSATION EXPENSE IS INCORPORATED INTO THE ANNUAL BUDGET WHICH IS REVIEWED BY THE BOARD OF DIRECTOR'S FINANCE COMMITTEE AND VOTED ON BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 HEART FOR AFRICA, INC. WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HEART FOR AFRICA SWAZILAND FARM NO 930 SECTION 5 MANZINI DI LOBAMBA SF SEE SUPPLEMENTAL EXPLANATION SF N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART II, COLUMN B: HEART FOR AFRICA, INC IS THE CONSOLIDATED FINANCIAL REPORTING ENTITY FOR HEART FOR AFRICA ("HFA") AND HEART FOR AFRICA SWAZILAND ("HFA SWAZILAND") (FORMERLY KNOWN AS "DREAM FOR AFRICA"). HFA SWAZILAND WAS INCORPORATED IN 2004, IN SWAZILAND (NOW KNOWN AS ESWATINI), AS A NOT-FOR-PROFIT ORGANIZATION AND HOLDS TAX EXEMPT STATUS IN ESWATINI. HFA SWAZILAND'S MISSION IS TO PROVIDE SUPPORT TO COMMUNITIES TO ALLEVIATE HUNGER AND MALNUTRITION. HFA SWAZILAND IS A PARTNER OF HFA AND HFA FINANCIALLY SUPPORTS HFA SWAZILAND AS IT FURTHERS HFA'S VISION IN AFRICA.