African Professionals Network - Apnet

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APNET's mission is to empower youth, professionals, and the community through three foundational pillars: Networking, Business, and Community. Through the promotion of African culture, economic development initiatives, and educational programs, we aim to celebrate heritage, uplift communities, and drive inclusive, lasting impact.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1528068) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Run by 350 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $6K a year · 6% of revenue · last 2 filings
A surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
4.4 mo
of spending, in cash
4.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$84K
-44% vs prior year
Spent
$121K
To programs
80%
Net assets
$45K
By yearFY2024–FY2025
Revenue
$84K
FY2025▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2024$150K
FY2025$84K
Expenses
$121K
FY2025▲ +22%
Tap a bar for its year
Expenses by fiscal year
FY2024$100K
FY2025$121K
Net assets
$45K
FY2025▼ -45%
Tap a bar for its year
Net assets by fiscal year
FY2024$82K
FY2025$45K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2016.

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

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $97K Management & general 20% · $24K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
VP Admin & Governance
$0Pt VII · Sec A
VP Events & Programs
$0Pt VII · Sec A
VP Marketing & Communications
$0Pt VII · Sec A
VP Operations & Secretary
$0Pt VII · Sec A
VP Finance & Treasurer
$0Pt VII · Sec A
See African Professionals Network - Apnet executive salaries →

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

Empowers youth and professionals through networking, business, and community initiatives celebrating African culture.

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3 programs · $97K · in their own filed words · FY2025
01

Community Pillar

AfriFest: Taste of Africa serves as a cultural cornerstone event for the Cincinnati and Northern Kentucky region. This free, family-friendly festival draws an estimated 8,000 to 10,000 attendees annually and hosts between 50 and 75 vendors and exhibitors.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1528068) · Dispute this line
$77Kprogram expense
02

Networking

The Symposium, APNET's flagship annual event, brings together an estimated 250 to 300 participants for a day of dialogue, learning, and celebration. In addition to panel discussions and networking sessions, the Symposium proudly awards approximately 8 to 10 scholarships to high school and college students each year, recognizing academic…

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1528068) · Dispute this line
$19Kprogram expense
03

Business

Mixers that attract between 100 and 150 unique participants each year across 3 to 5 curated events. These mixers serve as incubators for collaboration, knowledge exchange, and professional development, helping attendees build valuable relationships and expand their networks.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1528068) · Dispute this line
$852program 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
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$84K
Ln 12
Gifts and grantsLn 1h$84K
Money outPt IX
$121K
Ln 25
Programscol B$97K
Managementcol C$24K
Owns and owesPt X
$45K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$45K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$84K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$84K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Total assetsLn 16$45K
LiabilitiesLn 26$0
Net assetsLn 32$45K
OperationsPt I, VI
EmployeesI 52
VolunteersI 6350
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$82K$45K
Total assetsLn 16$82K$45K
LiabilitiesLn 26$0$0
Net assetsLn 32$82K$45K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
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 officers and key staff (Part IX, line 5)Ln 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$10K$10K
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$1K$0$1K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$7K$3K$4K
Conferences, conventions and meetingsLn 19$92K$91K$2K
InsuranceLn 23$854$854
All other expensesLn 24e$8K$3K$6K
Total functional expensesLn 25$121K$97K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jun 16, 2026 $84K$121K−$37K$45K 990 PDF
FY2024Filed with the IRS May 13, 2025 $150K$100K$50K$82K 990 PDF

Schedules filed Part IV

A · Public support B · Donors O · Explanations
See the full FY2025 990
Part I · Summary $83,870 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $149,962$83,870
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $149,962$83,870
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $6,925$11,108
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $92,788$110,058
I-18 Total expensesPrior year $99,713$121,166
I-19 Revenue less expensesPrior year $50,249−$37,296
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $83,870 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$83,870
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$83,870
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$83,870
Part IX · Statement of functional expenses $121,166 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesManagement $9,722$9,722
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $1,386$1,386
IX-11g Other fees for servicesManagement $1,246$1,246
IX-12 Advertising and promotionPrograms $3,105 · Management $4,040$7,145
IX-19 Conferences, conventions and meetingsPrograms $90,738 · Management $1,579$92,317
IX-23 InsuranceManagement $854$854
IX-24e All other expensesPrograms $2,992 · Management $5,504$8,496
IX-25 Total functional expensesPrograms $96,835 · Management $24,331 · Fundraising $0$121,166
Part X · Balance sheet $44,830 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $82,126$44,830
X-16 Total assetsStart of year $82,126$44,830
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $32,126$44,830
X-28 Net assets with donor restrictionsStart of year $50,000$0
X-32 Total net assets or fund balancesStart of year $82,126$44,830
X-33 Total liabilities and net assetsStart of year $82,126$44,830
Part XI · Reconciliation of net assets $44,830 net assets at year end
XI-1 Total revenue$83,870
XI-2 Total expenses$121,166
XI-3 Revenue less expenses−$37,296
XI-4 Net assets at start of year$82,126
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$44,830

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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