Nonprofit · EIN 87-1432573
NEW AFRICA FUND INC
Tax-exempt · BOCA RATON, FL 33496
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,177,282 | $1,065,971 | $111,311 | $1,362,967 | $0 | $1,362,967 |
| December 31, 2023 | 990 | $653,690 | $556,978 | $96,712 | $1,157,654 | $0 | $1,157,654 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,130,036
- Program service revenue
- $0
- Investment income
- $47,246
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $838,879
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $99
- Accounting fees
- $9,298
- Travel
- $28,340
- Program services (functional)
- $1,032,868
- Management and general (functional)
- $32,751
- Fundraising (functional)
- $352
Balance sheet and other
- Total assets, start of year
- $1,157,654
- Total assets, end of year
- $1,362,967
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,362,967
- Publicly traded securities
- $1,003,055
- Net assets without donor restrictions
- $1,362,967
- Gross receipts
- $1,177,282
- Employees
- 0
- Year formed
- 2021
- State of legal domicile
- FL
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 |
|---|---|---|---|
| STEVEN BECK | President & CEO Trustee or director, Officer | 30 | $0 |
| EVAN WOLFSON | Director Trustee or director | 1 | $0 |
| ABDOU SALAM GUEYE | Director Trustee or director | 1 | $0 |
| MARIE BAPTISTE | Director Trustee or director | 1 | $0 |
| WINNIE TAY | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN BECK | President & CEO Trustee or director, Officer | 30 | $0 |
| EVAN WOLFSON | Director Trustee or director | 1 | $0 |
| ABDOU SALAM GUEYE | Director Trustee or director | 1 | $0 |
| MARIE BAPTISTE | Director Trustee or director | 1 | $0 |
| WINNIE TAY | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 5269 PRINCETON WAY, BOCA RATON, FL 33496-2713
- Principal officer (990 for 2024)
- STEVEN BECK, 5269 PRINCETON WAY, BOCA RATON, FL 33496
- Signed the 990
- STEVEN BECK, President & CEO
- Phone
- (561) 288-1469
- Website
- www.newafricafund.org
- Return prepared by
- Fred Gartenlaub LLC
Mission
The New Africa Fund, Inc. (the CORPORATION) is a grant making public charity created to assist organizations in Africa with projects that benefit their communities in the areas of health, livelihood, education, marginalized groups, and womens empowerment. The NAFs mission is to support local initiatives in Africa and foster sustainable change. The NAF began with a focus on projects in Togo and has since expanded to work with grantees and partners in more than a dozen countries in Africa, with continued growth each year. The NAF prioritizes collaboration with local organizations to stay closely connected with communities and leaders who have a deep understanding of the challenges their communities face.
Program accomplishments
- Grants to support organizational development for local partners in Africa.Expenses $940,635 · grants $763,969
- WOMEN'S SCHOLARSHIPS AND GRANTS AND EXPENSES TO ENABLE THEM TO ATTEND SCHOOL AND ACHIEVE ACADEMIC SUCCESS.Expenses $92,233 · grants $74,910
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
- 87-1432573
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,362,967
- Income (IRS master file)
- $1,177,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,177,282 | $1,065,971 | $1,362,967 | XML |
| 990 | December 2023 | $653,690 | $556,978 | $1,157,654 | XML |
| 990 | December 2022 | $14,407 | $300,821 | $962,393 | IRS |
| 990 | December 2021 | – | – | – | 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 87-1432573).
Questions about NEW AFRICA FUND INC
- What is the EIN of NEW AFRICA FUND INC?
- The employer identification number (EIN) of NEW AFRICA FUND INC is 87-1432573.
- Is NEW AFRICA FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to NEW AFRICA FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW AFRICA FUND INC 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 NEW AFRICA 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 NEW AFRICA FUND INC 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 NEW AFRICA FUND INC?
- The 990 for the year ended December 31, 2024 names STEVEN BECK.
- Who are the officers and directors of NEW AFRICA FUND INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does NEW AFRICA FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,177,282, expenses of $1,065,971 and total assets of $1,362,967 at year end.
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