African Education Program EIN 42-1585011

African Education Program

EIN  42-1585011 Public charity (501(c)(3)) Wayne, PA
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until African Education Program claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Empowers Zambian youth with education and leadership to break poverty cycles.
Leadership
Julie-Anne Savarit-Cosenza · Executive Director · $58K
Money in and out
$674K revenue, $540K expenses
Bottom line
44% program efficiency

Empowers Zambian youth with education and leadership to break poverty cycles. For fiscal year 2025 it reported $674K in revenue, $540K in expenses, and $312K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$674K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$312K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $133K
Where spending went · Part IX cols B–D
Program services $0.44 Management & general $0.12 Fundraising $0.44
Program efficiency
44%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate▲ +11% vs prior filing year
Surplus margin
+20%
revenue over expenses, this year▼ -27% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$674K
FY2025▲ +41%
Expenses
$540K
FY2025▲ +55%
Total assets
$327K
FY2025▲ +68%
Total liabilities
$16K
FY2025▼ -5%
Total revenue
$674K
Pt VIII · Ln 12
Total expenses
$540K
Pt IX · Ln 25
Net assets
$312K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$133K
Total assetsPt X · Ln 16$327K
Program-expense ratioPt IX · col B44%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $238K of program spending, described in the organization's own filed words · FY2024.
01

Program service accomplishments include (a)operational & technical assistance of the flagship learning & leadership center in kafue, zambia which provides holistic programming to over 850 children, youth & women in kafue, zambia.

$238Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAfrican Education Program
EINHdr · item D42-1585011
Principal addressHdr · item CWayne, PA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFMar 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$58,461Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Julie-Anne Savarit-Cosenza’s $58K as Executive Director is at the 54th percentile of top reported officer pay among 1637 $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 · 4 named individuals · Part VII

NameFY2025FY2022FY2021FY2020FY2019
Julie-Anne Savarit-Cosenza$75,833$55,423
Julie-Anne Savarit-Cosenza$58,461
Brett Dunlap$43,077
Julie-Anne Savarit-Cosen$35,000

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.

See African Education Program executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants100%$674K
Total revenueLn 12$674K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.44 Management & general $0.12 Fundraising $0.44
Program services44%$238K
Management & general12%$65K
Fundraising44%$238K
Total functional expensesLn 25$540K

Balance Sheet

Part X · end of year
CashLn 1$324K
Total assetsLn 16$327K
Total liabilitiesLn 26$16K
Total net assetsLn 32$312K
Months of cash on handcomputed7.2

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $324K · Operating expenses/yr $540K
7.2 months
Where the money goes
Program services
Program services $238K · Total expenses $540K
44%
Management & General
Management & general $65K · Total expenses $540K
12%
Fundraising
Fundraising $238K · Total expenses $540K
44%
Cost to raise $1
Fundraising expense (3-yr avg) $157K · Solicited contributions (3-yr avg) $582K
$0.27 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $674K · Total revenue $674K
100%
Government reliance
Government grants — · Total revenue $674K
Earned-income share
Program service revenue $0 · Total revenue $674K
0%
Investment reliance
Investment income $0 · Total revenue $674K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $540K
0%
Growth & trend
Revenue growth (YoY)
This year $674K · Prior year $477K
+41%
Revenue CAGR
FY2018 $250K · FY2024 $674K
+18%
Net-asset trend (YoY)
End of year $312K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $674K · Expenses $540K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $327K
Net-asset ratio
Net assets $312K · Total assets $327K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $327K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Julie-Anne Savarit-Cosenza · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $58K · Total expenses $540K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $179K · Total expenses $540K
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 44%
Overhead ratio 12%
Fundraising cost ratio 35%
Revenue growth 41%
Legal fee ratio 14%
Fundraising fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 1 grant · $6K · 2024–2024
Unitemized GrantFY2024$6,327

Similar Organizations

Closest in mission — by what they do
See all organizations like African Education Program →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$674K revenue · viewing · ⤓ 990 PDF
FY2024$477K revenue · ⤓ 990 PDF
FY2023$621K revenue · ⤓ 990 PDF
FY2022$495K revenue · ⤓ 990 PDF
FY2021$447K revenue · ⤓ 990 PDF
FY2020$319K revenue · ⤓ 990 PDF
FY2019$250K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.