Hiinga is a christ centered impact investing fund with a dual mission; first, we invest in entrepreneurs to create sustainable small and medium sized businesses that produce jobs in east africa. Second, we invest in healthcare infrastructure to deliver affordable, sustainable and measurable healthcare outcomes.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$158K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $44K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
9
named funders · $478K
Looks good: 9 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$108K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$654K
To programs
81%
Net assets
$517K
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$817K
FY2022$801K
FY2023$1.0M
FY2024$775K
Expenses
$654K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$654K
FY2021$1.0M
FY2022$1.0M
FY2023$583K
FY2024$1.4M
Net assets
$517K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$517K
FY2021$320K
FY2022−$40K
FY2023$426K
FY2024−$133K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $527K Management & general 11% · $72K Fundraising 8% · $55K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $158K paid to officers and key staff.

Part VII, Section A · reportable compensation
President &
$157,650Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman & T
$0Pt VII · Sec A
$0Pt VII · Sec A

Andrew Agaba’s $125K as President & is at the 94th percentile of top reported officer pay among 2168 $100K–1M human services 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 · 1 named individual · Part VII

NameFY2024FY2022FY2021FY2020
Andrew Agaba$124,900$124,900$124,900$157,650

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 Hiinga INC executive salaries →

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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

Invests in businesses and healthcare to create jobs and improve health in East Africa.

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Provided by the organization

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1 program · $527K · in their own filed words · FY2020
01

Hiinga's implementing organizations have reached over 212 small and medium sized businesses in the education, healthcare, financial, agribusiness and manufacturing sectors, with loans and long term investments to those ventures which employ about 5,000 people.

$527Kprogram 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 · FY2024
See all 9 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$1K
Money outPt IX
$654K
Ln 25
Programscol B$527K
Managementcol C$72K
Fundraisingcol D$55K
Owns and owesPt X
$517K
net assets · Ln 32
Cash and savingsLn 1–2$597K
Total assetsLn 16$625K
LiabilitiesLn 26$108K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$1K
Gains on assetsLn 7$1K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$597K
Cash and savings togetherLn 1–2$597K
InvestmentsLn 11–13$19K
Land, buildings, equipmentLn 10c$9K
Total assetsLn 16$625K
LiabilitiesLn 26$108K
Net assetsLn 32$517K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$189K$597K
InvestmentsLn 11–13$16K$19K
Land, buildings, equipmentLn 10c$17K$9K
Total assetsLn 16$223K$625K
LiabilitiesLn 26$113K$108K
Net assetsLn 32$110K$517K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$401K$401K
Pay of current officers, directors and key staffLn 5$168K$117K$17K$34K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$11K$8K$1K$2K
Accounting feesLn 11c$22K$22K
Investment management feesLn 11f$278$278
Office expensesLn 13$3K$2K$461
Information technologyLn 14$4K$4K
TravelLn 17$18K$984$17K
Conferences, conventions and meetingsLn 19$26$26
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$3K$2K$2K
Total functional expensesLn 25$654K$527K$72K$55K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $775K$1.4M−$657K−$133K 990 PDF
FY2023 $1.0M$583K$466K$426K 990 PDF
FY2022 $801K$1.0M−$230K−$40K 990 PDF
FY2021 $817K$1.0M−$203K$320K 990 PDF
FY2020 Viewing $1.1M$654K$406K$517K 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 F · Foreign J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,059,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $872,092$1,058,326
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,076$1,404
I-11 Other revenue$0
I-12 Total revenuePrior year $874,168$1,059,730
I-13 Grants and similar amounts paidPrior year $622,000$401,152
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $115,950$183,928
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $110,766$69,024
I-18 Total expensesPrior year $848,716$654,104
I-19 Revenue less expensesPrior year $25,452$405,626
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,059,730 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,058,326
VIII-1h Total contributions, gifts and grants$1,058,326
VIII-3 Investment incomeExcluded from tax $238$238
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,166$1,166
VIII-12 Total revenueExcluded from tax $1,404$1,059,730
Part IX · Statement of functional expenses $654,104 across 14 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $401,152$401,152
IX-5 Pay of current officers, directors and key staffPrograms $117,499 · Management $16,785 · Fundraising $33,571$167,855
IX-9 Other employee benefitsManagement $5,250$5,250
IX-10 Payroll taxesPrograms $7,576 · Management $1,082 · Fundraising $2,165$10,823
IX-11c Accounting feesManagement $22,145$22,145
IX-11f Investment management feesManagement $278$278
IX-13 Office expensesManagement $2,447 · Fundraising $461$2,908
IX-14 Information technologyManagement $3,551$3,551
IX-17 TravelPrograms $984 · Fundraising $16,994$17,978
IX-19 Conferences, conventions and meetingsPrograms $26$26
IX-20 InterestManagement $1,992$1,992
IX-22 Depreciation, depletion and amortizationManagement $8,290$8,290
IX-23 InsuranceManagement $8,748$8,748
IX-24 Other expenses (24a–d)Management $1,540 · Fundraising $1,568$3,108
IX-25 Total functional expensesPrograms $527,237 · Management $72,108 · Fundraising $54,759$654,104
Part X · Balance sheet $624,728 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $189,180$597,104
X-10c Land, buildings and equipment, netStart of year $17,377$9,087
X-11 Publicly traded securitiesStart of year $16,103$18,433
X-12 Other securities$104
X-16 Total assetsStart of year $222,660$624,728
X-17 Accounts payable and accrued expensesStart of year $12,563$34,543
X-24 Unsecured notes and loans payableStart of year $100,000$73,154
X-26 Total liabilitiesStart of year $112,563$107,697
X-27 Net assets without donor restrictionsStart of year $110,097$517,031
X-32 Total net assets or fund balancesStart of year $110,097$517,031
X-33 Total liabilities and net assetsStart of year $222,660$624,728
Part XI · Reconciliation of net assets $517,031 net assets at year end
XI-1 Total revenue$1,059,730
XI-2 Total expenses$654,104
XI-3 Revenue less expenses$405,626
XI-4 Net assets at start of year$110,097
XI-5 Net unrealized gains (losses) on investments$1,308
XI-10 Net assets at end of year$517,031

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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