Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2023.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 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
9 people listed on the 990; $371K paid to officers and key staff.
Atti Worku’s $193K as Co-CEO/ Director is at the 74th 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.
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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 15aYes
Programs and updates
Provides unrestricted funding to African organizations, unlocking economic potential through financial inclusion.
Questions for African Collaborative INC
Your first name shows with your question. African Collaborative INC answers here, for everyone.
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Grantmaking & Portfolio Services
African collaborative provides core general operating grants and targeted organizational development grants to all of its partners in africa. In addition to these financial resources, african collaborative provides bespoke portfolio services to support its partners growth and development.
Systems Change Advocacy
African collaborative seeks to catalyze transformation on the philanthropic sector to shift resources to the frontlines of impact. This includes actively contributing to collective efforts within our field to reshape funding practices to be more direct, and elevate the voices of african leaders as essential experts and drivers in…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $802K | $946K |
| Land, buildings, equipmentLn 10c | $3K | $14K |
| Total assetsLn 16 | $2.8M | $3.3M |
| LiabilitiesLn 26 | $14K | $2.4M |
| Net assetsLn 32 | $2.8M | $925K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants and assistance to foreign recipientsLn 3 | $3.5M | $3.5M | ||
| Pay of current officers, directors and key staffLn 5 | $371K | $162K | $56K | $153K |
| Other salaries and wagesLn 7 | $291K | $121K | $53K | $118K |
| Other employee benefitsLn 9 | $17K | $4K | $4K | $9K |
| Payroll taxesLn 10 | $10K | $2K | $2K | $6K |
| Legal feesLn 11b | $81K | $81K | ||
| Accounting feesLn 11c | $46K | $46K | ||
| Professional fundraising feesLn 11e | $27K | $27K | ||
| Other fees for servicesLn 11g | $417K | $299K | $119K | $13 |
| Advertising and promotionLn 12 | $50K | $33K | $17K | |
| Office expensesLn 13 | $4K | $4K | ||
| Information technologyLn 14 | $15K | $15K | ||
| TravelLn 17 | $165K | $47K | $78K | $40K |
| Depreciation, depletion and amortizationLn 22 | $3K | $3K | ||
| InsuranceLn 23 | $2K | $2K | ||
| Other expenses (24a–d)Ln 24 | $44K | $41K | $3K | |
| Total functional expensesLn 25 | $5.1M | $4.2M | $498K | $375K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $3.2M | $5.1M | −$1.9M | $925K | 990 PDF |
| FY2023 | $2.8M | $15K | $2.8M | $2.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $3,198,070 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, no flags
Part VIII · Statement of revenue $3,198,070 across 4 lines filed
Part IX · Statement of functional expenses $5,064,501 across 16 lines filed
Part X · Balance sheet $3,292,833 assets, 12 lines filed
Part XI · Reconciliation of net assets $924,912 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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