Indego Africa Project: FY2023 Nonprofit Profile & Form 990 (EIN 20-5874831)

Suwha Hong’s $85K as Chief Executive Officer is at the 74th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Sapna Shah	—	$53,332	$100,793	—	—
Suwha Hong	$84,864	—	—	—	—
Karen Yelick	—	$15,000	$9,300	$13,945	$12,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering African women entrepreneurs through global sales and education for sustainable businesses.

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3 programs · $498K · in their own filed words · FY2023

01

Market Access

Providing our artisan partners with opportunities to earn steady, sustainable income is a key element of indego's market-based impact model and international supply chain. To further increase the work available for the artisans beyond our existing wholesale and retail distribution channels, in 2021 we added a third distribution channel…

$319Kprogram expense

02

Vocational & Business Training

Our programs help unemployed youth and refugees build the skills to integrate and succeed in the global artisan economy with the following outcomes:- master multiple handicraft techniques through retraining.

$125Kprogram expense

03

Business and Community Leadership

Indego africa believes that educating women is the key to long-term empowerment and social change. Through customized education programs, indego's partners develop the knowledge and skills they need to run and scale their own businesses, become empowered entrepreneurs, and drive economic growth in their communities.

$54Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2025

Select Equity Group FoundationFY2025$56K

Quinn Emanuel FoundationFY2025$15K

Total grants receivedfrom 2 funders$71K

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$503K

Ln 12

Gifts and grantsLn 1h$428K

Other incomeLn 4–11$75K

Investment incomeLn 3$11

Money outPt IX

$553K

Ln 25

Programscol B$498K

Managementcol C$35K

Fundraisingcol D$20K

Owns and owesPt X

$156K

net assets · Ln 32

Cash and savingsLn 1–2$151K

Total assetsLn 16$233K

LiabilitiesLn 26$77K

PeoplePt VI, VII

17

listed · VII A

PaidVII A2

Voting boardVI 1a16

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$428K

Fundraising eventsLn 1c$58K

Investment incomeLn 3$11

Other incomeLn 4–11$75K

Total revenueLn 12$503K

Assets in detailPt X, end of year

CashLn 1$151K

Cash and savings togetherLn 1–2$151K

Other assetsLn 15$23K

Total assetsLn 16$233K

LiabilitiesLn 26$77K

Net assetsLn 32$156K

OperationsPt I, VI

EmployeesI 56

VolunteersI 611

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$179K	$151K
Total assetsLn 16	$306K	$233K
LiabilitiesLn 26	$95K	$77K
Net assetsLn 32	$211K	$156K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$68K	$64K	$2K	$3K
Other salaries and wagesLn 7	$258K	$240K	$8K	$10K
Other employee benefitsLn 9	$13K	$12K	$401	$936
Payroll taxesLn 10	$4K	$3K	$128	$129
Accounting feesLn 11c	$41K	$20K	$18K	$2K
Other fees for servicesLn 11g	$19K	$18K	$674	$685
Advertising and promotionLn 12	$18K	$16K		$2K
Office expensesLn 13	$5K	$4K	$319	$137
Information technologyLn 14	$3K	$3K	$144
OccupancyLn 16	$49K	$44K	$3K	$1K
TravelLn 17	$5K	$5K
InsuranceLn 23	$4K	$3K	$1K
Other expenses (24a–d)Ln 24	$62K	$62K
All other expensesLn 24e	$6K	$6K	$81	$27
Total functional expensesLn 25	$553K	$498K	$35K	$20K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$779K	$727K	$53K	$202K	990 PDF
FY2023 Viewing	$503K	$553K	−$50K	$156K	990 PDF
FY2022	$616K	$547K	$69K	$211K	990 PDF
FY2021	$499K	$505K	−$6K	$143K	990 PDF
FY2020	$502K	$474K	$28K	$152K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $502,791 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $441,659$427,715

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $2,321$11

I-11 Other revenuePrior year $172,442$75,065

I-12 Total revenuePrior year $616,422$502,791

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $330,753$343,110

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $216,455$209,986

I-18 Total expensesPrior year $547,208$553,096

I-19 Revenue less expensesPrior year $69,214−$50,305

Part VI · Governance 15 of 16 board members independent, no flags

VI-1a Voting members of the governing body16

VI-1b Independent voting members15

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $502,791 across 6 lines filed

Lines not itemized here account for $88,572 of total revenue; see the IRS return.

VIII-1c Fundraising events$57,896

VIII-1f All other contributions, gifts and grants$369,819

VIII-1h Total contributions, gifts and grants$427,715

VIII-3 Investment incomeExcluded from tax $11$11

VIII-8 Net income from fundraising eventsExcluded from tax −$13,507−$13,507

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $75,076$502,791

Part IX · Statement of functional expenses $553,096 across 14 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $63,549 · Management $2,050 · Fundraising $2,733$68,332

IX-7 Other salaries and wagesPrograms $239,749 · Management $7,734 · Fundraising $10,312$257,795

IX-9 Other employee benefitsPrograms $12,033 · Management $401 · Fundraising $936$13,370

IX-10 Payroll taxesPrograms $3,356 · Management $128 · Fundraising $129$3,613

IX-11c Accounting feesPrograms $20,481 · Management $18,433 · Fundraising $2,048$40,962

IX-11g Other fees for servicesPrograms $17,746 · Management $674 · Fundraising $685$19,105

IX-12 Advertising and promotionPrograms $16,301 · Fundraising $1,811$18,112

IX-13 Office expensesPrograms $4,097 · Management $319 · Fundraising $137$4,553

IX-14 Information technologyPrograms $2,727 · Management $144$2,871

IX-16 OccupancyPrograms $43,782 · Management $3,405 · Fundraising $1,459$48,646

IX-17 TravelPrograms $4,763$4,763

IX-23 InsurancePrograms $2,653 · Management $1,137$3,790

IX-24 Other expenses (24a–d)Programs $61,516$61,516

IX-24e All other expensesPrograms $5,560 · Management $81 · Fundraising $27$5,668

IX-25 Total functional expensesPrograms $498,313 · Management $34,506 · Fundraising $20,277$553,096

Part X · Balance sheet $232,537 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $178,850$150,573

X-4 Accounts receivableStart of year $18,311$1,540

X-8 Inventories for sale or useStart of year $45,315$48,119

X-9 Prepaid expenses and deferred chargesStart of year $6,127$9,353

X-15 Other assetsStart of year $57,461$22,952

X-16 Total assetsStart of year $306,064$232,537

X-17 Accounts payable and accrued expensesStart of year $30,403$37,590

X-19 Deferred revenueStart of year $13,341$22,061

X-25 Other liabilitiesStart of year $51,611$17,102

X-26 Total liabilitiesStart of year $95,355$76,753

X-27 Net assets without donor restrictionsStart of year $181,785$155,784

X-28 Net assets with donor restrictionsStart of year $28,924$0

X-32 Total net assets or fund balancesStart of year $210,709$155,784

X-33 Total liabilities and net assetsStart of year $306,064$232,537

Part XI · Reconciliation of net assets $155,784 net assets at year end

XI-1 Total revenue$502,791

XI-2 Total expenses$553,096

XI-3 Revenue less expenses−$50,305

XI-4 Net assets at start of year$210,709

XI-9 Other changes in net assets−$4,620

XI-10 Net assets at end of year$155,784

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Indego Africa Project FY2023 filing

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