Curating events that harness the intellectual, financial, philanthropic and entrepreneurial capacity of African and friends of Africa in support of economic and social development projects across Africa

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 10 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 5
filings with a surplus
Average surplus $115K a year · 12% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
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
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$635K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 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
-8% vs prior year
Spent
$1.3M
To programs
79%
Net assets
$756K
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$400K
FY2021$741K
FY2022$1.3M
FY2023$1.2M
FY2024$1.1M
Expenses
$1.3M
FY2024▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$320K
FY2021$484K
FY2022$683K
FY2023$1.3M
FY2024$1.3M
Net assets
$756K
FY2024▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2020$262K
FY2021$518K
FY2022$1.1M
FY2023$1.0M
FY2024$756K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2014.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.1M Management & general 16% · $205K Fundraising 5% · $67K

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

12 people listed on the 990; $150K paid to officers and key staff.

Part VII, Section A · reportable compensation
$150,000Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Almaz Negash’s $150K as CEO is at the 58th percentile of top reported officer pay among 1168 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Almaz Negash$150,000$150,000$133,242$172,379$133,038
Daniel Hartz——$12,000$12,000$7,000

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 Diaspora Network 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 15aNo

Programs and updates

Connects African leaders and supporters to fund and advance development projects across Africa.

Questions for African Diaspora Network

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Your first name shows with your question. African Diaspora Network answers here, for everyone.

Provided by the organization

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3 programs · $893K · in their own filed words · FY2024
01

ABLE is an enterprise accelerator program designed to strengthen, energize, and support small businesses and nonprofit organizations led by Blacks in the United States. ABLE identifies 15-20 Black business leaders catalyzing an array of sustainable solutions to poverty across multiple sectors at the local and national level.

$396Kprogram expense
02

The Young African Leaders Initiative (YALI) at Arizona State University (ASU) focused on empowering young African leaders through leadership training, networking, and academic coursework. ADN was selected as an implementation partner to create communications tools and systems that connect program alumni to the diaspora community for…

$276Kprogram expense
03

ADIS African Diaspora Investment symposium is an annual global convening that celebrates and champions the entrepreneurial and innovative spirit of Africans, Diasporians, and friends of Africa and inspires participants to be agents of change and active contributors to Africa's development.IIF Impact & Innovation Forums is a year round…

$222Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Kla FoundationFY2025$25K
Total grants receivedfrom 1 funder$25K
Grants paid · 19 grants · $473K · 2022–2024
Unitemized GrantFY2024$10,000
Well Beam INCFY2024$10,000
Tribemeets INCFY2024$10,000
The Learning Core CompanyFY2024$10,000
Sawport INCFY2024$10,000
Revna Biosciences INCFY2024$10,000
Plant Ladys Juice LLCFY2024$10,000
OmosilkFY2024$10,000
Oga Street Tech LLCFY2024$10,000
Lipaworld CorpFY2024$10,000
Koann Therapeutic ServicesFY2024$10,000
Gwap Consulting StemneticsFY2024$10,000
Genius Tech Lab INCFY2024$10,000
El Jaii Educationl ConsultantPA · FY2024$10,000
Barter Black LLCFY2024$10,000
Alseams CorpFY2024$10,000
Unitemized GrantFY2024$500
Unitemized GrantFY2023$216,600
See all 19 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$323
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$205K
Fundraisingcol D$67K
Owns and owesPt X
$756K
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.4M
LiabilitiesLn 26$635K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$280K
Noncash giftsLn 1g$25K
Fundraising eventsLn 1c$93K
Investment incomeLn 3$323
Gains on assetsLn 7$0
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$344K
SavingsLn 2$872K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$11K
Total assetsLn 16$1.4M
LiabilitiesLn 26$635K
Net assetsLn 32$756K
OperationsPt I, VI
EmployeesI 53
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$974K$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$366$3K
Total assetsLn 16$1.0M$1.4M
LiabilitiesLn 26$24K$635K
Net assetsLn 32$1.0M$756K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$150K$150K
Grants to domestic individualsLn 2$10K$10K
Grants and assistance to foreign recipientsLn 3$10K$10K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$156K$117K$39K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$287K$276K$10K$289
Pension plan contributionsLn 8$5K$5K
Other employee benefitsLn 9$21K$19K$504$2K
Payroll taxesLn 10$34K$30K$817$3K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$82K$82K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$12K$12K
Investment management feesLn 11f$0
Other fees for servicesLn 11g$184K$107K$78K
Advertising and promotionLn 12$8K$6K$2K
Office expensesLn 13$23K$17K$6K$241
Information technologyLn 14$52K$42K$11K
RoyaltiesLn 15$0
OccupancyLn 16$11K$9K$500$1K
TravelLn 17$87K$85K$1K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$166K$157K$8K
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$794$327$367$100
InsuranceLn 23$3K$2K$76$141
Other expenses (24a–d)Ln 24$22K$9K$13K$167
All other expensesLn 24e$0
Total functional expensesLn 25$1.3M$1.1M$205K$67K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$1.3M−$247K$756K 990 PDF
FY2023 $1.2M$1.3M−$121K$1.0M 990 PDF
FY2022 $1.3M$683K$603K$1.1M 990 PDF
FY2021 $741K$484K$257K$518K 990 PDF
FY2020 $400K$320K$81K$262K 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 FY2024 990 (6 parts)
Part I · Summary $1,076,954 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,168,278$1,076,631
I-9 Program service revenue$0
I-10 Investment incomePrior year $172$323
I-11 Other revenue$0
I-12 Total revenuePrior year $1,168,450$1,076,954
I-13 Grants and similar amounts paidPrior year $216,600$170,500
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $407,827$503,083
I-16a Professional fundraising feesPrior year $53,049$12,240
I-17 Other expensesPrior year $611,669$637,972
I-18 Total expensesPrior year $1,289,145$1,323,795
I-19 Revenue less expensesPrior year −$120,695−$246,841
Part VI · Governance 9 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,076,954 across 11 lines filed
VIII-1c Fundraising events$93,359
VIII-1e Government grants$279,951
VIII-1f All other contributions, gifts and grants$703,321
VIII-1g Noncash contributions (included above)$25,000
VIII-1h Total contributions, gifts and grants$1,076,631
VIII-3 Investment incomeExcluded from tax $323$323
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $323$1,076,954
Part IX · Statement of functional expenses $1,323,795 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $150,000$150,000
IX-2 Grants to domestic individualsPrograms $10,500$10,500
IX-3 Grants and assistance to foreign recipientsPrograms $10,000$10,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $117,000 · Fundraising $39,000$156,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $276,124 · Management $10,499 · Fundraising $289$286,912
IX-8 Pension plan contributionsPrograms $5,200$5,200
IX-9 Other employee benefitsPrograms $18,640 · Management $504 · Fundraising $1,812$20,956
IX-10 Payroll taxesPrograms $30,256 · Management $817 · Fundraising $2,942$34,015
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $82,155$82,155
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $12,240$12,240
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $106,532 · Management $77,833$184,365
IX-12 Advertising and promotionPrograms $6,166 · Management $1,995$8,161
IX-13 Office expensesPrograms $16,688 · Management $5,882 · Fundraising $241$22,811
IX-14 Information technologyPrograms $41,512 · Management $10,954$52,466
IX-15 Royalties$0
IX-16 OccupancyPrograms $8,863 · Management $500 · Fundraising $1,338$10,701
IX-17 TravelPrograms $85,492 · Management $1,288$86,780
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $157,225 · Fundraising $8,275$165,500
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $327 · Management $367 · Fundraising $100$794
IX-23 InsurancePrograms $2,331 · Management $76 · Fundraising $141$2,548
IX-24 Other expenses (24a–d)Programs $8,950 · Management $12,574 · Fundraising $167$21,691
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,051,806 · Management $205,444 · Fundraising $66,545$1,323,795
Part X · Balance sheet $1,390,226 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $401,570$343,565
X-2 Savings and temporary cash investmentsStart of year $572,072$872,172
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $10,675$122,355
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $42,080$37,877
X-10c Land, buildings and equipment, netStart of year $366$2,920
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$11,337
X-16 Total assetsStart of year $1,026,763$1,390,226
X-17 Accounts payable and accrued expensesStart of year $13,913$60,705
X-19 Deferred revenueStart of year $10,325$562,500
X-25 Other liabilities$11,337
X-26 Total liabilitiesStart of year $24,238$634,542
X-27 Net assets without donor restrictionsStart of year $743,314$395,290
X-28 Net assets with donor restrictionsStart of year $259,211$360,394
X-32 Total net assets or fund balancesStart of year $1,002,525$755,684
X-33 Total liabilities and net assetsStart of year $1,026,763$1,390,226
Part XI · Reconciliation of net assets $755,684 net assets at year end
XI-1 Total revenue$1,076,954
XI-2 Total expenses$1,323,795
XI-3 Revenue less expenses−$246,841
XI-4 Net assets at start of year$1,002,525
XI-10 Net assets at end of year$755,684

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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