Civic Intelligence

Habesha Inc

990 • Fiscal year 2020 • EIN 02-0536428

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 02, 2021

PO Box 1291Redan, GA 30074

(678) 357-4722

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.03x

Higher debt load relative to assets than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

45th percentile

0.04x

Higher debt load relative to revenue than 45% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

80th percentile

31%

Higher net margin than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

65th percentile

$46,258

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 9.2% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

65th percentile

17%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

28th percentile

-19%

Faster revenue growth than 28% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$618,209

Up $88,275 (+17%) from 2019

Net Assets

Up

$600,201

Up $156,477 (+35%) from 2019

Liabilities

Down

$18,008

Down $68,202 (-79%) from 2019

Revenue

Down

$503,840

Down $116,851 (-19%) from 2019

Expenses

Down

$347,363

Down $84,374 (-20%) from 2019

Net Income

Down

$156,477

Down $32,477 (-17%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2010: $6,157Net Assets 2010: $6,1572010Assets 2011: $10,891Liabilities 2011: $11,484Net Assets 2011: -$5932011Assets 2012: $48,993Liabilities 2012: $0Net Assets 2012: $48,9932012Assets 2013: $46,905Liabilities 2013: $0Net Assets 2013: $46,9052013Assets 2014: $1Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $24,844Liabilities 2015: $02015Assets 2016: $37,314Liabilities 2016: $0Net Assets 2016: $37,3142016Assets 2017: $113,940Liabilities 2017: $0Net Assets 2017: $113,9402017Assets 2018: $254,186Liabilities 2018: $0Net Assets 2018: $254,1862018Assets 2019: $529,934Liabilities 2019: $86,210Net Assets 2019: $443,7242019Assets 2020: $618,209Liabilities 2020: $18,008Net Assets 2020: $600,2012020Assets 2021: $966,649Liabilities 2021: $7,189Net Assets 2021: $959,4602021Assets 2022: $1,053,046Liabilities 2022: $9,721Net Assets 2022: $1,043,3252022Assets 2023: $963,469Liabilities 2023: $5,073Net Assets 2023: $958,3962023Assets 2024: $1,006,143Liabilities 2024: $4,183Net Assets 2024: $1,001,9602024

Highlighted filing

2020

Assets$618,209
Liabilities$18,008
Net Assets$600,201

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2010: $66,093Expenses 2010: $78,241Net Income 2010: -$12,1482010Revenue 2011: $115,740Expenses 2011: $116,333Net Income 2011: -$5932011Expenses 2012: $157,2632012Revenue 2013: $49,000Expenses 2013: $51,088Net Income 2013: -$2,0882013Revenue 2014: $156,484Expenses 2014: $58,120Net Income 2014: $98,3642014Revenue 2015: $148,359Expenses 2015: $123,515Net Income 2015: $24,8442015Revenue 2016: $198,286Expenses 2016: $185,816Net Income 2016: $12,4702016Revenue 2017: $331,116Expenses 2017: $236,748Net Income 2017: $94,3682017Revenue 2018: $500,197Expenses 2018: $359,951Net Income 2018: $140,2462018Revenue 2019: $620,691Expenses 2019: $431,737Net Income 2019: $188,9542019Revenue 2020: $503,840Expenses 2020: $347,363Net Income 2020: $156,4772020Revenue 2021: $643,288Expenses 2021: $287,556Net Income 2021: $355,7322021Revenue 2022: $414,801Expenses 2022: $330,936Net Income 2022: $83,8652022Revenue 2023: $271,617Expenses 2023: $356,546Net Income 2023: -$84,9292023Revenue 2024: $504,254Expenses 2024: $460,728Net Income 2024: $43,5262024

Highlighted filing

2020

Revenue$503,840
Expenses$347,363
Net Income$156,477
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 2, 2021
Return Version
2020v4.1
Gross Receipts
$503,840
Mission and Program Overview

Mission

Habesha inc is a pan african organization that cultivates leadership in youth through practical experiences in pan african cultural educaiton sustainable agriculture enterpreneurship holistic health and technology

See Schedule O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$248,386$435,568▲ $187,182
Cash and Non-Interest-Bearing Accounts$152,701$178,474▲ $25,773
Savings and Temporary Cash Investments$100,000--
Accounts Receivable$28,847--
Prepaid Expenses and Deferred Charges-$4,167-
Total Assets$529,934$618,209▲ $88,275
Liabilities
Deferred Revenue$85,545--
Other Liabilities$665$18,008▲ $17,343
Total Liabilities$86,210$18,008▼ $68,202
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$443,724$600,201▲ $156,477
Total Net Assets Fund Balance$443,724$600,201▲ $156,477
Total Liabilities and Net Assets / Fund Balance$529,934$618,209▲ $88,275

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$324,120$7,650$331,770
Other Land Buildings$62,630$22,252$84,882
Leasehold Improvements$48,560$5,713$54,273
Equipment$258$2,120$2,378
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Cashawn MyersExecutive DirectorFT$46,258$46,258

Board Members and Trustees

NameTitle
Imara SolwasiDirector
Kwasi BonsuDirector
Rita MitchellDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$497,240
Program Service Revenue
$5,133
Investment Income
$937
Other Revenue
$530
All Other Contributions
$497,240
Change in Net Assets
$156,477
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$236,461
Grants and Similar Amounts Paid$65,271
Salaries, Compensation, and Employee Benefits$45,631
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$130,053$9,176-$139,229
Grants to Domestic Individuals$65,271--$65,271
Current Officers, Directors, Trustees, and Key Employees$21,046$21,046-$42,092
Fees for Services Accounting$13,850$13,850-$27,700
Office Expenses$11,674$7,202-$18,876
Depreciation Depletion$16,675$1,024-$17,699
Advertising$5,601$1,619-$7,220
Conferences and Meetings$5,247$809-$6,056
Travel$4,138$1,130-$5,268
Payroll Taxes$1,770$1,769-$3,539
Insurance-$2,847-$2,847
Other Expenses$9,029$968-$968
Total Functional Expenses$284,354$63,009$0$347,363
International Activity

International Summary

Spending
$381,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaInvestment---$381,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$530
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit cards$15,425
Federal income taxes$1,755
Taxes payable$828
PPP Loan-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11A

Form 990 is distributed to all board of directors before final submission.

Form 990, Part VI, Section B, Line 12C

We monitor and enforce our conflict of interest policy at regularly held board meetings.

Form 990, Part VI, Section B, Line 15A

Executive Director is paid below market value. Nationally, Executive Directors are paid 50,000 - 60,000 annually.

Form 990, Part VI, Section C, Line 19

H.A.B.E.S.H.A. Inc. makes its governing documents available to anyone making a written or in-person request.

Filing and Contact Details

Filer

Filer Name
HABESHA Inc
EIN
02-0536428
Phone
6783574722
Address
PO Box 1291, Redan, GA 30074

Signing Officer

Name
Cashawn Myers
Title
Executive Director
Signed
2021-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cashawn Myers
Formed
2002
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
4
Employees
1
Volunteers
100

Preparer

Firm
JAJ Tax & Accounting Services LLC
Address
4910 NW 82nd Ave Suite 2005, Lauderhill, FL 33351
Preparer
Julian A Joppy EA
Phone
9547691640
Supplemental Narrative

Additional Explanations

Form 990, Part I, Section Summary, Line 1

H.A.B.E.S.H.A., Inc. is a Pan-African organization that cultivates leadership in youth and families through practical experiences in culture education, sustainable agriculture, entrepreneurship, holistic health, and technology.

Form 990, Part IX, Line 11G

Contractors - 138,053, Program Services 130,053, Management General 8,000. Payroll Fees - 1,176, Management General 1,176.

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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0324120
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07650
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0331770
IRS990ScheduleD/EquipmentGrp/BookValueAmt0258
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02120
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02378
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt048560
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05713
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt054273
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt062630
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt022252
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt084882
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1828
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Taxes payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Credit cards
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PPP Loan
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0435568
IRS990ScheduleD/TotalLiabilityAmt018008
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0381000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Sub-Saharan Africa
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investment
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0381000
IRS990ScheduleF/TotalSpentAmt0381000
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt065271
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Financial assistance to students
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt016
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Book
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0Financial assistance in the form of cash stipends are provided to students in the Urban Green Job program. Management monitors the funds by ensuring only students enrolled and attending programs receive stipends.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III Line 1
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is distributed to all board of directors before final submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1We monitor and enforce our conflict of interest policy at regularly held board meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive Director is paid below market value. Nationally, Executive Directors are paid 50,000 - 60,000 annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3H.A.B.E.S.H.A. Inc. makes its governing documents available to anyone making a written or in-person request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4H.A.B.E.S.H.A., Inc. is a Pan-African organization that cultivates leadership in youth and families through practical experiences in culture education, sustainable agriculture, entrepreneurship, holistic health, and technology.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Contractors - 138,053, Program Services 130,053, Management General 8,000. Payroll Fees - 1,176, Management General 1,176.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part I, Section Summary, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0529934
IRS990/TotalAssetsEOYAmt0618209
IRS990/TotalAssetsGrp/BOYAmt0529934
IRS990/TotalAssetsGrp/EOYAmt0618209
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0497240
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063009
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0284354
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347363
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt086210
IRS990/TotalLiabilitiesEOYAmt018008
IRS990/TotalLiabilitiesGrp/BOYAmt086210
IRS990/TotalLiabilitiesGrp/EOYAmt018008
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0443724
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0600201
IRS990/TotalProgramServiceExpensesAmt0284354
IRS990/TotalProgramServiceRevenueAmt05133
IRS990/TotalReportableCompFromOrgAmt046258
IRS990/TotalRevenueGrp/ExclusionAmt0937
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0503840
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0529934
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0618209
IRS990/TravelGrp/ManagementAndGeneralAmt01130
IRS990/TravelGrp/ProgramServicesAmt04138
IRS990/TravelGrp/TotalAmt05268
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 1291
IRS990/USAddress/CityNm0Redan
IRS990/USAddress/StateAbbreviationCd0GA
IRS990/USAddress/ZIPCd030074
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.habeshainc.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Cashawn Myers
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HABESHA Inc
ReturnHeader/Filer/BusinessNameControlTxt0HABE
ReturnHeader/Filer/EIN0020536428
ReturnHeader/Filer/PhoneNum06783574722
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 1291
ReturnHeader/Filer/USAddress/CityNm0Redan
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030074
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAJ Tax & Accounting Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04910 NW 82nd Ave Suite 2005

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.00$1.00$0.50$0.46$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.96$0.01$0.96$0.27$0.36$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.01$1.04$0.41$0.33$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.97$0.01$0.96$0.64$0.29$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.62$0.02$0.60$0.50$0.35$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.53$0.09$0.44$0.62$0.43$0.19
2018Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.25$0.00$0.25$0.50$0.36$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.11$0.00$0.11$0.33$0.24$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.20$0.19$0.01
2015Summary only. Only limited summary data is available for this year.$0.02$0.00$0.15$0.12$0.02
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.16$0.06$0.10
2013Summary only. Only limited summary data is available for this year.$0.05$0.00$0.05$0.05$0.05$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.05$0.00$0.05$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.01$0.00$0.12$0.12$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.01$0.07$0.08$0.01