Nonprofit · EIN 81-5363891
NAFASI FUND
Tax-exempt · HUNTSVILLE, AL 35806
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,540,782 | $9,707,042 | -$7,166,260 | $3,789,283 | $9,413 | $3,779,870 |
| December 31, 2023 | 990 | $2,702,405 | $5,683,232 | -$2,980,827 | $14,788,811 | $2,348,646 | $12,440,165 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $81,514
- Program service revenue
- $0
- Investment income
- $2,459,241
- Net gain from sales of assets
- $2,383,242
- Other revenue
- $27
Expenses
- Grants and similar amounts paid
- $8,886,770
- Compensation of officers, directors and key employees
- $18,220
- Other salaries and wages
- $104,819
- Salaries, compensation and benefits (total)
- $151,231
- Professional fundraising fees
- $0
- Travel
- $39,898
- Depreciation
- $10,366
- Program services (functional)
- $9,318,252
- Management and general (functional)
- $388,790
Balance sheet and other
- Total assets, start of year
- $14,532,131
- Total assets, end of year
- $3,789,283
- Total liabilities, end of year
- $9,413
- Net assets, end of year
- $3,779,870
- Net assets without donor restrictions
- $3,039,988
- Net assets with donor restrictions
- $739,882
- Gross receipts
- $2,540,782
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- AL
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 |
|---|---|---|---|
| ERNEST COMER III | MANAGING DIRECTOR Officer | 40 | $18,220 |
| TOYA RANDALL | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| WILLIAM BUSTER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| E BOMANI JOHNSON | EXECUTIVE DIRECTOR Officer | 40 | $93,831 |
| RHONDA TSOI-A-FATT | BOARD CHAIR Trustee or director, Officer | 2 | $0 |
| WILLIAM BUSTER | DIRECTOR Trustee or director | 1 | $0 |
| TOYA RANDALL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1101 MCMURTRIE DR NW STE E2, HUNTSVILLE, AL 35806-2471
- In care of
- % RHONDA TSOI A FATT
- Mailing address (990-N for 2019)
- 122 Navaho Trl, Huntsville AL 36806
- Principal officer (990 for 2024)
- TOYA RANDALL, 1101 MCMURTRIE DR NW, STE E2, HUNTSVILLE, AL 35806
- Principal officer (990-N for 2019)
- Rhonda Bryant, 122 Navaho Trail, Huntsville AL 35806
- Signed the 990
- GIAN ALEXIS, SR DIRECTOR FINANCE
- Phone
- (256) 241-6750
- Website
- WWW.NAFASIFUND.ORG
Mission
UNDERGIRD THE POWERFUL WORK OF BLACK-LED ORGANIZATIONS BY CONNECTING THEM TO THE OPPORTUNITIES CAPACITY AND SPACE THEY NEED TO INCREASE THEIR EFFECTIVENESS AND GROW INDEPENDENT; WHEN THEIR VISION IS REALIZED BLACK-LED ORGANIZATIONS WILL BE STRONG AND SUSTAINABLE WITH ALL OFTHE TOOLS THEY NEED TO DETERMINE AND DIRECT SOCIAL CHANGE.
Program accomplishments
- NAFASI FUND PROVIDES THE FUNDS TO QUALIFIED BLACK-LED ORGANIZATIONS TO HELP THEM SEIZE ON OPPORTUNITIES AND GROW THEIR BUSINESS.Expenses $9,318,252 · grants $157,540 · revenue $2,383,242
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
- 81-5363891
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O50)
- Assets (IRS master file)
- $3,789,283
- Income (IRS master file)
- $2,540,782
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,540,782 | $9,707,042 | $3,789,283 | XML |
| 990 | December 2023 | $2,702,405 | $5,683,232 | $14,788,811 | XML |
| 990 | December 2022 | $15,621,844 | $2,023,113 | $17,572,200 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Rhonda Bryant | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-5363891).
Questions about NAFASI FUND
- What is the EIN of NAFASI FUND?
- The employer identification number (EIN) of NAFASI FUND is 81-5363891.
- Is NAFASI FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to NAFASI FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NAFASI FUND 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 NAFASI FUND 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 NAFASI FUND 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 NAFASI FUND?
- The 990 for the year ended December 31, 2024 names TOYA RANDALL.
- Who are the officers and directors of NAFASI FUND?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $18,220 (ERNEST COMER III, MANAGING DIRECTOR).
- How much revenue does NAFASI FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,540,782, expenses of $9,707,042 and total assets of $3,789,283 at year end.
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