Nonprofit · EIN 53-0218859
THE AFRICA-AMERICA INSTITUTE
Tax-exempt · NEW YORK, NY 10165
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,503,948 | $4,091,913 | -$587,965 | $2,680,517 | $1,395,982 | $1,284,535 |
| December 31, 2023 | 990 | $3,466,370 | $3,835,511 | -$369,141 | $5,234,771 | $3,199,697 | $2,035,074 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,284,938
- Program service revenue
- $0
- Investment income
- $342,939
- Net gain from sales of assets
- $273,183
- Net income from fundraising events
- -$123,929
- Other revenue
- -$123,929
Expenses
- Grants and similar amounts paid
- $293,198
- Compensation of officers, directors and key employees
- $468,133
- Other salaries and wages
- $419,869
- Salaries, compensation and benefits (total)
- $1,043,212
- Professional fundraising fees
- $0
- Legal fees
- $5,979
- Accounting fees
- $130,720
- Occupancy
- $330,060
- Travel
- $188,973
- Program services (functional)
- $2,551,008
- Management and general (functional)
- $787,636
- Fundraising (functional)
- $753,269
Balance sheet and other
- Total assets, start of year
- $5,234,771
- Total assets, end of year
- $2,680,517
- Total liabilities, end of year
- $1,395,982
- Net assets, end of year
- $1,284,535
- Publicly traded securities
- $802,691
- Net assets without donor restrictions
- -$64,769
- Net assets with donor restrictions
- $1,349,304
- Gross receipts
- $6,268,571
- Employees
- 7
- Volunteers
- 10
- Year formed
- 1953
- State of legal domicile
- NY
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KOFI APPENTENG | PRESIDENT & CEO Officer | 35 | $252,724 | $39,934 |
| AMBAR TAVAREZ | CHIEF FINANCIAL OFFICER Officer | 35 | $148,260 | $27,214 |
| JOURDEN WARREN | CHIEF OF STRATEGIC PARTNER Highest-paid employee | 35 | $114,613 | $17,852 |
| LOUISE ERSKINE | CLIMATE LEAD & CHIEF OF STAFF Highest-paid employee | 35 | $114,400 | $15,583 |
| SYDNEY PLANT | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 35 | $101,250 | $13,796 |
| NIK AMARTEIFIO | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PETER MCKILLOP | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PROF OUSSEINA ALIDOU | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MAMADOU BEYE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHRISTAL M JACKSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ROBERT MCCARTHY | SECRETARY Trustee or director | 5 | $0 | $0 |
| HUMBLE LUKANGA | TRUSTEE Trustee or director | 5 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KOFI APPENTENG | PRESIDENT & CEO Officer | 35 | $240,690 | $36,832 |
| AMBAR TAVAREZ | CHIEF FINANCIAL OFFICER Officer | 35 | $141,200 | $24,892 |
| SYDNEY PLANT | CHIEF DEVELOPMENT OFFICER Highest-paid employee | 35 | $127,500 | $7,919 |
| JOURDEN WARREN | CHIEF OF STRATEGIC PARTNERSHIPS AND ENGAGEMENT Highest-paid employee | 35 | $114,613 | $16,734 |
| NIK AMARTEIFIO | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PETER MCKILLOP | TRUSTEE Trustee or director | 5 | $0 | $0 |
| PROF OUSSEINA ALIDOU | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MAMADOU BEYE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| REBECCA L EDWARDS | TRUSTEE Trustee or director | 5 | $0 | $0 |
| MICHELLE GAVIN | TRUSTEE Trustee or director | 5 | $0 | $0 |
| CHRISTAL M JACKSON | TRUSTEE Trustee or director | 5 | $0 | $0 |
| ROBERT MCCARTHY | SECRETARY Trustee or director, Officer | 5 | $0 | $0 |
| KHUMO SHONGWE | TRUSTEE Trustee or director | 5 | $0 | $0 |
| HUMBLE LUKANGA | TRUSTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 60 E 42ND ST STE 1700, NEW YORK, NY 10165-6222
- Principal officer (990 for 2024)
- FELICIA APPENTENG, 60 E 42ND STREET 1700, NEW YORK, NY 101656222
- Signed the 990
- FELICIA APPENTENG, PRESIDENT
- Phone
- (212) 655-7686
- Website
- WWW.AAIAFRICA.ORG
- Return prepared by
- TAIT WELLER & BAKER LLP
Mission
AAI BRIDGES AFRICA AND ITS DIASPORA TO CATALYZE A MORE SUSTAINABLE AND EQUITABLE WORLD.
Program accomplishments
- FOR OVER SEVEN DECADES, AAI HAS BRIDGED AFRICA AND ITS DIASPORA TO CATALYZE A MORE SUSTAINABLE AND EQUITABLE WORLD. TAKING A TRANSCONTINENTAL, MULTIFACETED APPROACH, OUR PROGRAMS SPAN ACROSS FOUR IMPACT PILLARS: LIBERATORY EDUCATION, COMMUNITY BUILDING, GLOBAL HEALING AND REPAIR, AND ECONOMIC SOVEREIGNTY.Expenses $2,551,008 · grants $293,198
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 | Not 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
- 53-0218859
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q055)
- Assets (IRS master file)
- $2,680,517
- Income (IRS master file)
- $6,268,571
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,503,948 | $4,091,913 | $2,680,517 | IRS |
| 990 | December 2023 | $3,466,370 | $3,835,511 | $5,234,771 | XML |
| 990 | December 2022 | $2,499,412 | $3,425,065 | $4,828,144 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 53-0218859).
Questions about THE AFRICA-AMERICA INSTITUTE
- What is the EIN of THE AFRICA-AMERICA INSTITUTE?
- The employer identification number (EIN) of THE AFRICA-AMERICA INSTITUTE is 53-0218859.
- Is THE AFRICA-AMERICA INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1954.
- Are donations to THE AFRICA-AMERICA INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE AFRICA-AMERICA INSTITUTE 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 THE AFRICA-AMERICA INSTITUTE 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 THE AFRICA-AMERICA INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE AFRICA-AMERICA INSTITUTE?
- The 990 for the year ended December 31, 2024 names FELICIA APPENTENG.
- Who are the officers and directors of THE AFRICA-AMERICA INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 12 people; 5 received compensation from the organization, the highest $252,724 (KOFI APPENTENG, PRESIDENT & CEO).
- How much revenue does THE AFRICA-AMERICA INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,503,948, expenses of $4,091,913 and total assets of $2,680,517 at year end.
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