Nonprofit · EIN 47-1713004
INDABA EDUCATION FUND INC
Tax-exempt · NEW YORK, NY 10039
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $562,293 | $495,596 | $66,697 | $79,234 | $52,450 | $26,784 |
| December 31, 2023 | 990-PF | $350,055 | $418,818 | -$68,763 | $11,113 | $51,026 | -$39,913 |
| December 31, 2022 | 990-PF (amended) | $640,069 | $638,593 | $1,476 | $47,352 | $18,502 | $28,850 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $560,500
- Interest
- $60
- Other income
- $1,733
Expenses
- Grants and similar amounts paid
- $162,708
- Compensation of officers, directors and key employees
- $109,000
- Salaries, compensation and benefits (total)
- $56,250
- Disbursements for charitable purposes
- $162,708
- Excise tax on investment income
- $1
Balance sheet and other
- Total assets, start of year
- $11,113
- Total assets, end of year
- $79,234
- Total liabilities, end of year
- $52,450
- Net assets, end of year
- $26,784
- Fair market value of assets
- $79,234
- Qualifying distributions
- $162,708
- Net investment income
- $60
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDRE SHEARER 68 Bradhurst Avenue 5U, New York, NY 10039 | President | 10 | $109,000 |
| CHANTELLE DIAS-LOBO 3816 SOUTH LAMAR BLVD, AUSTIN, TX 78704 | BUSINESS MANAGER Highest-paid employee | 40 | $56,250 |
| JESS SCHULSCHENK OFF R310 BADEN POWELL DRIVE, LYENDOCH, 7603, SF | SEC & TREAS | 1 | $0 |
| FABIO FICANO 68 Bradhurst Avenue 5U, NEW YORK, NY 10039 | Director | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDRE SHEARER 19 W 21st Street, New York, NY 10010 | President | 10 | $180,000 |
| JESS SCHULSCHENK OFF R310 BADEN POWELL DRIVE, LYENDOCH, 7603, SF | SEC & TREAS | 1 | $0 |
| FABIO FICANO 19 W 21st Street, NEW YORK, NY 10010 | Director | 1 | $0 |
990-PF for the year ended December 31, 2022: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANDRE SHEARER 19 W 21st Street, New York, NY 10010 | President | 10 | $135,000 |
| JESS SCHULSCHENK OFF R310 BADEN POWELL DRIVE, LYENDOCH, 7603, SF | SEC & TREAS | 1 | $0 |
| FABIO FICANO 19 W 21st Street, NEW YORK, NY 10010 | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 68 BRADHURST AVE APT 5U, NEW YORK, NY 10039-3316
- In care of
- % CAPE CLASSICS INC
- Signed the 990-PF
- ANDRE SHEARER, President
- Phone
- (212) 243-5757
- Website
- indaba-foundation.org
- Return prepared by
- Loewenwarter & Co LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-1713004
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $79,234
- Income (IRS master file)
- $562,293
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $562,293 | $495,596 | $79,234 | IRS |
| 990-PF | December 2023 | $350,055 | $418,818 | $11,113 | XML |
| 990-PF | December 2022 | $640,069 | $638,593 | $47,352 | XML |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | 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 47-1713004).
Questions about INDABA EDUCATION FUND INC
- What is the EIN of INDABA EDUCATION FUND INC?
- The employer identification number (EIN) of INDABA EDUCATION FUND INC is 47-1713004.
- Is INDABA EDUCATION FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to INDABA EDUCATION FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does INDABA EDUCATION FUND INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of INDABA EDUCATION FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDABA EDUCATION FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of INDABA EDUCATION FUND INC?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 2 received compensation from the organization, the highest $109,000 (ANDRE SHEARER, President).
- How much revenue does INDABA EDUCATION FUND INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $562,293, expenses of $495,596 and total assets of $79,234 at year end.
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