Trains young Africans in AI, Web3, IoT, and quantum computing to launch their careers.
For fiscal year 2024 it reported $96K in revenue, $253K in expenses, and $441K in net assets.Pt I
Where the money goes · FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$441K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$158K
Where spending went · Part IX cols B–D
89%
Program services $0.89 Management & general $0.11
Program efficiency
89%
of spending reaches programs▲ +13% vs prior filing year
Operating runway
8.1mo
months of highly liquid reserves at operating expense rate▼ -80% vs prior filing year
Surplus margin
-165%
revenue over expenses, this year▼ -316% vs prior filing year
Summary of the Filing
Part I · fiscal year 2024 · Form 990
Revenue
$96K
FY2024▼ -83%
$558K$279K$0
FY2021FY2024
Expenses
$253K
FY2024▲ +90%
$253K$127K$0
FY2021FY2024
Total assets
$441K
FY2024▼ -29%
$620K$310K$0
FY2021FY2024
Total liabilities
$202
FY2024▼ -99%
$22K$11K$0
FY2021FY2024
Total revenue
$96K
Pt VIII · Ln 12
Total expenses
$253K
Pt IX · Ln 25
Net assets
$441K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$158K
Total assetsPt X · Ln 16$441K
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III
Where the work happens
3 program services account for $225K of program spending, described in the organization's own filed words · FY2024.
01
From program KAIM 47 highly qualified young Africans from 1 African country, of which 45 % were women. Each trainee received 1960 hours of training took part in 11 technical challenges, 12 career challenges from among 694 applicants.
$135Kprogram expense
02
From program U2J 1 51 highly qualified young Africans from 12 African countries, of which 41% were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career challenges from among 440 applicants.
$45Kprogram expense
03
From program U2J 2 62 highly qualified young Africans from 8 African countries, of which 39 % were women. Each trainee received 960 hours of training took part in 11 technical challenges, 12 career challenges from among 792 applicants.
Arun Sharma’s $42K as Managing Director
is at the 87th percentile of top reported officer pay among 144 <$100K education 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
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.
Individual Arun Sharma · Reported title Managing Director · Highest reported compensation $42K · Total expenses $253K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $253K
0%
Peer comparison
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
Metric
This org
Peer median
Percentile
Program ratio
89%
—
—
Overhead ratio
11%
—
—
Fundraising cost ratio
0%
—
—
Revenue growth
-83%
—
—
Investment management fee ratio
0%
—
—
Legal fee ratio
0%
—
—
Accounting fee ratio
0%
—
—
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.
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Sources
Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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