Agora Enterprises EIN 45-5307079 Form 990 (PDF) Claim this org

Agora Enterprises FY2021 filing

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Empowering entrepreneurs in Africa and Asia with training, mentoring, and financing to build businesses and change the world. For fiscal year 2021 it reported $532K in revenue, $546K in expenses, and $41K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Springfield, MO
Website
www.agoraenterprises.org
Filings
5 on file (2021–2021)
Revenue
$532KFY2021
Expenses
$546K
Net assets
$41K
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  45-5307079 Public charity (501(c)(3)) Springfield, MO
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Empowering entrepreneurs in Africa and Asia with training, mentoring, and financing to build businesses and change the world.
Leadership
Ray Barreth · CEO
Money in and out
$532K revenue, $546K expenses
Bottom line
90% program efficiency
Where the money goes · FY2021
Total revenue
$532K
Pt VIII · Ln 12
Total expenses
$546K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.09 Fundraising $0.00
Program efficiency
90%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$532K
FY2021
Expenses
$546K
FY2021
Total assets
$142K
FY2021
Total liabilities
$101K
FY2021
Total revenue
$532K
Pt VIII · Ln 12
Total expenses
$546K
Pt IX · Ln 25
Net assets
$41K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$142K
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $493K of program spending, described in the organization's own filed words · FY2020.
01

Expenses incurred by clients of Agora who are establishing businesses in third world countries. These costs include costs to train the employees of these businesses.

$493Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CAgora Enterprises
EINHdr · item D45-5307079
Principal addressHdr · item CSpringfield, MO
WebsiteHdr · item Jwww.agoraenterprises.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFJun 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$348K · 65%
Contributions & grants$184K · 35%
Program service revenue65%$348K
Contributions & grants35%$184K
Total revenueLn 12$532K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.09 Fundraising $0.00
Program services90%$493K
Management & general9%$51K
Fundraising$2K
Total functional expensesLn 25$546K

Balance Sheet

Part X · end of year
CashLn 1$142K
Total assetsLn 16$142K
Total liabilitiesLn 26$101K
Total net assetsLn 32$41K
Months of cash on handcomputed3.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $142K · Operating expenses (Pt IX) $546K · Less non-cash grants $74K · Cash operating expenses/yr $472K
3.6 months
Where the money goes
Program services
Program services $493K · Total expenses $546K
90%
Management & General
Management & general $51K · Total expenses $546K
9%
Fundraising
Fundraising $2K · Total expenses $546K
0.4%
Cost to raise $1
Fundraising expense $2K · Solicited contributions $184K
$0.01 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $184K · Total revenue $532K
35%
Government reliance
Government grants — · Total revenue $532K
Earned-income share
Program service revenue $348K · Total revenue $532K
65%
Investment reliance
Investment income $0 · Total revenue $532K
0%
Program self-sufficiency
Program service revenue $348K · Total expenses $546K
64%
Growth & trend
Revenue growth (YoY)
This year $532K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $41K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $532K · Expenses $546K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $142K
Net-asset ratio
Net assets $41K · Total assets $142K
29%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $142K
0%
People & payroll
Highest Reported Total Compensation
Individual Ray Barreth · Reported title CEO · Highest reported compensation $0 · Total expenses $546K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $169K · Total expenses $546K
31%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 9%
Fundraising cost ratio 1%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.7%
Fundraising fee ratio 0%

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 · FY2023
Redeemer DubaiFY2023$40K
Total grants receivedfrom 1 funder$40K
Grants paid · 2 grants · $140K · 2021–2022
Sutosh Ventures LLCFY2022$75,000
Sutosh Ventures LLCFY2021$65,000

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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)$10K revenue · ⤓ 990 PDF
FY2024$1K revenue · ⤓ 990 PDF
FY2023$521K revenue · ⤓ 990 PDF
FY2022$625K revenue · ⤓ 990 PDF
FY2021$532K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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