Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2013.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
21 cents of each dollar spent went to programs.
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
10 people listed on the 990; $344K paid to officers and key staff.
Julienne Oyler’s $303K as Co-Founder & CEO is at the 60th percentile of top reported officer pay among 345 $10–100M 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Julienne Oyler | $303,393 | $339,292 | $179,500 | $172,235 | $138,778 |
| Sara Leedom | $303,393 | $329,017 | $179,500 | $172,235 | $138,778 |
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 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers African entrepreneurs to grow businesses, create jobs, and foster community economic development.
Questions for Inkomoko
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Aec continued to provide training and consulting to small businesses across rwanda, kenya, and ethiopia, inclduing to refugee entrepreneurs. In total, we worked with more than 30,000 buisness in 2021, and opened new operations in ethiopia to provide these services to refugee entreprenuers.
Aec's role as providing low-cost investment to small businesses continued to be a core part of our social mission to ensure financial inclusion for those excluded from mainstream finance. Aec provide investment to refugees, including making available grants, loans, and sharia-compliant products for muslim entreprenuers, ensuring that…
As part of a collaborative partnership with southern new hampshire university, aec supported the education initiatives of the gem hub that allow refugee students around the world to access quality on-line instruction.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.4M |
| Total assetsLn 16 | $8.7M | $11.4M |
| LiabilitiesLn 26 | $649K | $1.1M |
| Net assetsLn 32 | $8.1M | $10.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $344K | $241K | $86K | $17K |
| Other salaries and wagesLn 7 | $47K | $33K | $12K | $2K |
| Pension plan contributionsLn 8 | $6K | $5K | $2K | $322 |
| Other employee benefitsLn 9 | $15K | $10K | $4K | $732 |
| Payroll taxesLn 10 | $13K | $9K | $3K | $638 |
| Accounting feesLn 11c | $42K | $10K | $31K | |
| Other fees for servicesLn 11g | $103K | $94K | $8K | |
| Office expensesLn 13 | $9K | $7K | $2K | $174 |
| Information technologyLn 14 | $11K | $5K | $6K | $557 |
| OccupancyLn 16 | $3K | $2K | $172 | $172 |
| TravelLn 17 | $6K | $6K | ||
| Conferences, conventions and meetingsLn 19 | $22K | $22K | ||
| Other expenses (24a–d)Ln 24 | $1.5M | $0 | $1.5M | $0 |
| Total functional expensesLn 25 | $2.1M | $438K | $1.6M | $22K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $15.9M | $16.7M | −$759K | $10.3M | 990 PDF |
| FY2023 | $14.8M | $8.9M | $5.9M | $11.0M | 990 PDF |
| FY2022 | $5.9M | $9.2M | −$3.3M | $5.1M | 990 PDF |
| FY2021 Viewing | $6.0M | $2.1M | $4.0M | $10.3M | 990 PDF |
| FY2020 | $4.3M | $699K | $3.6M | $8.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $6,049,617 revenue, 12 lines filed
Part VI · Governance 8 of 10 board members independent, 2 to look at
Part VIII · Statement of revenue $6,049,617 across 12 lines filed
Part IX · Statement of functional expenses $2,088,260 across 17 lines filed
Part X · Balance sheet $11,434,782 assets, 11 lines filed
Part XI · Reconciliation of net assets $10,332,182 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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