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Nonprofit · EIN 88-1632879

NEW AFRICA INC

Tax-exempt · ALBUQUERQUE, NM 87110

Financials

$141K$131K2024
Revenue Expenses · by fiscal year end
Financials of NEW AFRICA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$140,685$130,697$9,988$9,988$0$9,988
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$140,685

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$4,392
Occupancy
$16,331
Other expenses
$109,974
Program services (functional)
$110,064

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$9,988
Total liabilities, end of year
$0
Net assets, end of year
$9,988
Cash, savings and investments
$9,988
Gross receipts
$140,685

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-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DANIEL E GROSSDIRECTOR5$0
KIM PLYERDIRECTOR5$0
MARK COBLENTZDIRECTOR5$0

Address and contacts

Address (IRS master file)
7612 SUMMER AVE NE 7304, ALBUQUERQUE, NM 87110-7304
Mailing address (990-N for 2023)
7612 Summer Avenue, Alburquerque NM 87110
Principal officer (990-N for 2023)
Emmanuel Nsabaanye, 7612 Summer Avenue, Alburquerque NM 87110
Signed the 990-EZ
EMMANUEL NSABAANYE, PRESIDENT
Phone
(213) 674-9869
Return prepared by
FIRSTPURPOSE TAX

Mission

INSPIRED BY FAITH THE NEW AFRICA SERVES AS A SPECIAL PURPOSE VEHICLE (SPV) COALITION BETWEEN ERA92 AND 92HANDS UGANDA THAT AIMS TO PROVIDE LEADERSHIP AND RESOURCES FOR CATALYTIC ACTION TO INCREASE THE NUMBER OF PEOPLE ENGAGED IN PRODUCTIVE WORK, SOLVING THE ISSUE OF UNEMPLOYMENT AND LACK OF ACCESS TO CAPITAL. WE ALSO CREATE A NEW STORY ABOUT AFRICA.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • ERA 92 ELEVATE, PROVIDES ACCESS TO SKILLS AND OPPORTUNITIES THAT UNLOCK THE POTENTIAL OF THE NEXT GENERATION, ULTIMATELY CONNECTING YOUTH TO THE LOCAL AND GOLBAL DIGITAL ECONOMY
    Expenses $55,990
  • ERA92FUND, MOBALIZES FUNDS FROM INVESTORS AROUND THE WORLD AND MAKES IT ACCESSIBLE TO SME AND MICROENTREPRENEURS ACROSS UGANDA. WE BACK COMPANIES SOLVING OUR SOCIETIES BIGGEST CHALLENGES TO BUILD A PROSPEROUS AFRICA.
    Expenses $15,548
  • WE ARE A GLOBAL MOVEMENT OF RADICALLY GENEROUS PEOPLE USING THEIR GOD-GIVEN GIFTS TO HELP END EXTREME POVERTY IN OUR LIFETIME.
    Expenses $38,526

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
88-1632879
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B01)
Assets (IRS master file)
$9,988
Income (IRS master file)
$140,685

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$140,685$130,697$9,988XML
990-N for 2023
Officer: Emmanuel Nsabaanye
December 31, 2023≤ $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 88-1632879).

Questions about NEW AFRICA INC

What is the EIN of NEW AFRICA INC?
The employer identification number (EIN) of NEW AFRICA INC is 88-1632879.
Is NEW AFRICA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to NEW AFRICA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW AFRICA 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 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 INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who is the principal officer of NEW AFRICA INC?
The 990-N for 2023 names Emmanuel Nsabaanye.
Who are the officers and directors of NEW AFRICA INC?
The 990-EZ for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does NEW AFRICA INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $140,685, expenses of $130,697 and total assets of $9,988 at year end.

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