Nonprofit · EIN 11-3803281
AFRICAN CENTER FOR ECONOMIC TRANSFORMATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,514,558 | $6,625,543 | -$110,985 | $6,028,245 | $5,395,003 | $633,242 |
| December 31, 2024 | 990 | $7,184,788 | $6,980,818 | $203,970 | $4,310,310 | $3,566,083 | $744,227 |
| December 31, 2023 | 990 | $6,335,866 | $6,075,492 | $260,374 | $5,004,928 | $4,464,671 | $540,257 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $6,513,246
- Program service revenue
- $0
- Investment income
- $1,312
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $925,490
- Other salaries and wages
- $143,354
- Salaries, compensation and benefits (total)
- $1,801,088
- Professional fundraising fees
- $0
- Legal fees
- $177
- Accounting fees
- $40,370
- Depreciation
- $25,090
- Program services (functional)
- $4,262,252
- Management and general (functional)
- $2,363,291
Balance sheet and other
- Total assets, start of year
- $4,310,310
- Total assets, end of year
- $6,028,245
- Total liabilities, end of year
- $5,395,003
- Net assets, end of year
- $633,242
- Land, buildings and equipment
- $32,689
- Gross receipts
- $6,514,558
- Employees
- 10
- Volunteers
- 0
- Year formed
- 2007
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAVIS OWUSU-GYAMFI | EXECUTIVE VICE PRESIDENT Officer, Key employee, Highest-paid employee | 40 | $302,616 |
| DANIEL NTI | DIRECTOR/OFFICER Officer, Key employee, Highest-paid employee | 40 | $292,797 |
| EMMANUEL O SEKYERE | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $252,000 |
| ROB FLOYD | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $223,776 |
| K Y AMOAKO | PRESIDENT/CEO Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $0 |
| TITO MBOWENI | CHAIRMAN Trustee or director | 0 | $0 |
| ROBERT PEIFFER | DIRECTOR Trustee or director | 0 | $0 |
| LORD PAUL BOATENG | DIRECTOR Trustee or director | 0 | $0 |
| NICHOLAS WESTCOTT | DIRECTOR Trustee or director | 0 | $0 |
| ARKEBE OQUBAY | DIRECTOR Trustee or director | 0 | $0 |
| ROSINE SORI-COULIBALY | DIRECTOR Trustee or director | 0 | $0 |
| CECILIA A CONRAD | DIRECTOR Trustee or director | 0 | $0 |
| NOOMANE FEHRI | DIRECTOR Trustee or director | 0 | $0 |
| BOGOLO J KENEWENDO | DIRECTOR Trustee or director | 0 | $0 |
| EDWARD K BROWN | OFFICER Officer, Key employee, Highest-paid employee | 40 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERTO J TIBANA | OFFICER Officer, Key employee, Highest-paid employee | 40 | $0 |
| MAURA K LEARY | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| K Y AMOAKO | PRESIDENT/CEO Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $346,659 |
| MAVIS OWUSU-GYAMFI | EXECUTIVE VICE PRESIDENT Officer, Key employee, Highest-paid employee | 40 | $295,245 |
| DANIEL NTI | DIRECTOR/OFFICER Officer, Key employee, Highest-paid employee | 40 | $292,797 |
| TITO MBOWENI | CHAIRMAN Trustee or director | 0 | $0 |
| ROBERT PEIFFER | DIRECTOR Trustee or director | 0 | $0 |
| LORD PAUL BOATENG | DIRECTOR Trustee or director | 0 | $0 |
| NICHOLAS WESTCOTT | DIRECTOR Trustee or director | 0 | $0 |
| ARKEBE OQUBAY | DIRECTOR Trustee or director | 0 | $0 |
| ROSINE SORI-COULIBALY | DIRECTOR Trustee or director | 0 | $0 |
| CECILIA A CONRAD | DIRECTOR Trustee or director | 0 | $0 |
| NOOMANE FEHRI | DIRECTOR Trustee or director | 0 | $0 |
| BOGOLO J KENEWENDO | DIRECTOR Trustee or director | 0 | $0 |
| EDWARD K BROWN | OFFICER Officer, Key employee, Highest-paid employee | 40 | $0 |
| ROBERTO J TIBANA | OFFICER Officer, Key employee, Highest-paid employee | 40 | $0 |
| MAURA K LEARY | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $0 |
| ROB FLOYD | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| K Y AMOAKO | PRESIDENT/CEO Trustee or director, Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $448,467 |
| MAVIS OWUSU-GYAMFI | EXECUTIVE VICE PRESIDENT Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $313,914 |
| DANIEL NTI | DIRECTOR/OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $313,914 |
| TITO MBOWENI | CHAIRMAN Trustee or director | 0 | $0 |
| ROBERT PEIFFER | DIRECTOR Trustee or director | 0 | $0 |
| LORD PAUL BOATENG | DIRECTOR Trustee or director | 0 | $0 |
| NICHOLAS WESTCOTT | DIRECTOR Trustee or director | 0 | $0 |
| ARKEBE OQUBAY | DIRECTOR Trustee or director | 0 | $0 |
| ROSINE SORI-COULIBALY | DIRECTOR Trustee or director | 0 | $0 |
| CECILIA A CONRAD | DIRECTOR Trustee or director | 0 | $0 |
| NOOMANE FEHRI | DIRECTOR Trustee or director | 0 | $0 |
| BOGOLO J KENEWENDO | DIRECTOR Trustee or director | 0 | $0 |
| EDWARD K BROWN | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $0 |
| ROBERTO J TIBANA | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $0 |
| MAURA K LEARY | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $0 |
| ROB FLOYD | OFFICER Institutional trustee, Officer, Key employee, Highest-paid employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1100 13TH STREET NW, WASHINGTON, DC 20005-4051
- In care of
- % KINGSLEY Y AMOAKO
- Principal officer (990 for 2025)
- KINSLEY Y AMOAKO, 7929 WESTPARK DR 1028, MC LEAN, VA 22102
- Signed the 990
- KINGSLEY Y AMOAKO, FOUNDER/PRESIDENT EMERITUS
- Phone
- (202) 833-3439
- Website
- www.acetforafrica.org
- Return prepared by
- ALBERT ACQUAH & ASSOCIATES PC
Mission
WE PROVIDE RESEARCH, POLICY ADVISE, AND INSTITUTIONAL STRENGTHENING FOR AFRICAN COUNTRIES TO DEVELOP THIER ECOMONOMIES, REDUCE POVERTY, AND IMPROVE LIVELIHOODS FOR ALL AFRICANS. WE ARE THE PRE-EMINENT AFRICAN ORGINAZATION ADVANCING AFRICAN SOLUTIONS TO AFRICAN TRANSFORMATION CHALLENGES
Program accomplishments
- PAN-AFRICAN COALITION FOR TRANSFORMATION (PACT) AFRICAS IMPRESSIVE ECONOMIC GROWTH SINCE THE MID-1990S POWERED PRIMARILY FROM MACROECONIMIC REFORMS, BETTER BUSINESS ENVIRONMENTS, AND HIGH COMMODITY PRICES WILL NOT BY ITSELF SUSTAIN DEVELOPMENT ON THE CONTINENTExpenses $1,880,252
- TRANSFORMATION = GROWTH + DEPTH SINCE THE MIN-1990S, MANY AFRICAN COUNTRIES HAVE SEEN STEADY ECONOMIC GROWTH BUT HAVE STRUGGLED TO LEVERAGE THAT GROWTH INTO SUSTAINABLE DEVELOPMENT POLICIES AND PLANS. AFRICAN COUNTRIES NEED GROWTH WITH DEPTH, WHICH IS HOW ACET ENCAPSULATES THE MUTIDIMENTSIONAL PROCESS OF ECONOMIC TRANSFORMATION INTO A PRACTICAL POLICY AGENDAExpenses $1,338,360
- STRENGTHENING GOVERNMENTS WITH INSTITUTIONAL CAPACITIES IN ECONOMIC MANAGEMENT. THIS PROGRAM IS SUPPORTED BY DEMAND DRIVEN ADVISORY ACTIVITIES TO BUILD THE CAPACITY OF GOVERNMENTS IN THE FINANCIAL PLANNING, ECONOMIC MANAGEMENT AND DEVELOPMENT FUNCTIONS. OUR OBJECTIVE HERE HAS BEEN TO SUPPORT THE DEVELOPMENT OF THE CAPACITY OF POLICYMAKERS IN THESE AREAS AND SHARE BEST PRACTICES FROM IN AND OUTSIDE AFRICAExpenses $1,043,640
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3803281
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $6,028,245
- Income (IRS master file)
- $6,514,558
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,514,558 | $6,625,543 | $6,028,245 | XML |
| 990 | December 2024 | $7,184,788 | $6,980,818 | $4,310,310 | XML |
| 990 | December 2023 | $6,335,866 | $6,075,492 | $5,004,928 | XML |
| 990 | December 2022 | $5,485,959 | $5,464,301 | $2,404,471 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3803281).
Questions about AFRICAN CENTER FOR ECONOMIC TRANSFORMATION
- What is the EIN of AFRICAN CENTER FOR ECONOMIC TRANSFORMATION?
- The employer identification number (EIN) of AFRICAN CENTER FOR ECONOMIC TRANSFORMATION is 11-3803281.
- Is AFRICAN CENTER FOR ECONOMIC TRANSFORMATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to AFRICAN CENTER FOR ECONOMIC TRANSFORMATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AFRICAN CENTER FOR ECONOMIC TRANSFORMATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AFRICAN CENTER FOR ECONOMIC TRANSFORMATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AFRICAN CENTER FOR ECONOMIC TRANSFORMATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of AFRICAN CENTER FOR ECONOMIC TRANSFORMATION?
- The 990 for the year ended December 31, 2025 names KINSLEY Y AMOAKO.
- Who are the officers and directors of AFRICAN CENTER FOR ECONOMIC TRANSFORMATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 4 received compensation from the organization, the highest $302,616 (MAVIS OWUSU-GYAMFI, EXECUTIVE VICE PRESIDENT).
- How much revenue does AFRICAN CENTER FOR ECONOMIC TRANSFORMATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,514,558, expenses of $6,625,543 and total assets of $6,028,245 at year end.
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