Civic Intelligence

Africa College Fund

EIN 45-2028199 • 501(c)3 • Fairfield, IA

Profile

AFRICA COLLEGE FUND is dedicated to empowering disadvantaged youth with tools for success including education and entrepreneurship opportunities. This results in eradication of poverty through provision of quality, effective, consciousness-based University and vocational education.

2004 Radiance CircleFairfield, IA 52556
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

82nd percentile

30%

Higher net margin than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

94th percentile

129%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

227%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$101,647

Down $149,290 (-59%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$101,647

Down $149,290 (-59%) from 2023

Revenue

Up

$646,337

Up $175,961 (+37%) from 2023

Expenses

Up

$795,627

Up $466,529 (+142%) from 2023

Net Income

Down

-$149,290

Down $290,568 (-206%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0Assets 2015: $18,467Liabilities 2015: $0Net Assets 2015: $18,4672015Assets 2016: $165,478Liabilities 2016: $150,0002016Assets 2017: $117,139Liabilities 2017: $150,0002017Assets 2018: $13,853Liabilities 2018: $02018Assets 2019: $9,547Liabilities 2019: $02019Assets 2020: $56,013Liabilities 2020: $0Net Assets 2020: $56,0132020Assets 2021: $208,166Liabilities 2021: $0Net Assets 2021: $208,1662021Assets 2022: $109,659Liabilities 2022: $0Net Assets 2022: $109,6592022Assets 2023: $250,937Liabilities 2023: $0Net Assets 2023: $250,9372023Assets 2024: $101,647Liabilities 2024: $0Net Assets 2024: $101,6472024

Highlighted filing

2024

Assets$101,647
Liabilities$0
Net Assets$101,647

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $605,805Expenses 2015: $629,526Net Income 2015: -$23,7212015Revenue 2016: $189,785Expenses 2016: $192,774Net Income 2016: -$2,9892016Revenue 2017: $107,020Expenses 2017: $155,359Net Income 2017: -$48,3392017Revenue 2018: $109,568Expenses 2018: $212,854Net Income 2018: -$103,2862018Revenue 2019: $134,784Expenses 2019: $139,090Net Income 2019: -$4,3062019Revenue 2020: $406,760Expenses 2020: $399,966Net Income 2020: $6,7942020Revenue 2021: $772,448Expenses 2021: $620,295Net Income 2021: $152,1532021Revenue 2022: $144,008Expenses 2022: $212,576Net Income 2022: -$68,5682022Revenue 2023: $470,376Expenses 2023: $329,098Net Income 2023: $141,2782023Revenue 2024: $646,337Expenses 2024: $795,627Net Income 2024: -$149,2902024

Highlighted filing

2024

Revenue$646,337
Expenses$795,627
Net Income-$149,290

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 21, 2025
Return Version
2024v5.0
Gross Receipts
$646,337
Mission and Program Overview

Mission

AFRICA COLLEGE FUND is dedicated to empowering disadvantaged youth with tools for success including education and entrepreneurship opportunities. This results in eradication of poverty through provision of quality, effective, consciousness-based University and vocational education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$250,937$101,647▼ $149,290
Loans From Officers Directors$0--
Total Assets$250,937$101,647▼ $149,290
Liabilities
Accounts Payable and Accrued Expenses$0--
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$250,937$101,647▼ $149,290
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$250,937$101,647▼ $149,290
Total Liabilities and Net Assets / Fund Balance$250,937$101,647▼ $149,290
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam Paul BlecherPresident and Founder
Anne Marie BlecherVice President
Rod Peter FalkAdministrator
Heather HartnettSecretary
Keith WegmanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$646,190
Program Service Revenue
$0
Investment Income
$147
Other Revenue
$0
All Other Contributions
$646,190
Change in Net Assets
$-149,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$795,086
Other Expenses$541
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$795,086--$795,086
All Other Expenses$541--$541
Total Functional Expenses$795,627$0$0$795,627
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
No
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 A, Line 2

Adam Paul Blecher, President and Founder, and Anne Marie Blecher, Vice President are married.

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

The form 990 was downloaded from the IRS site * along with instructions for Form 990 Return of Organizations Exempt from Income Tax, as well as the relevant supporting schedules * These were distributed to the Directors of the organization (the Governing Body) who familiarized themselves with the required documents. * The Directors determined it necessary to complete schedules: A, B, F, O * Once the Form and Schedules were completed by the President and Founder, they were sent to all Directors for their review and input * Suggestions and changes were then made * The revised Form 990, and attaching Schedules was the submitted on efiling to the IRS.

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

Yes, the organization has a written conflict of interest policy. All officers, and directors are required to disclose annually interests that could give rise to conflicts. This is minuted in the AGM, as well as other meetings of the Board. The organization does regularly and consistently monitor and enforce compliance with the policy, through requiring disclosure from all key representatives of any possible areas of conflict of interest. Where an individual might have a potential conflict, that individual is recused from the Board, so that the remainder of the Board members can discuss if they do in fact see an actual conflict, and if so, how to address the situation. In most cases, a perceived conflict on further discussion might amount to a zero risk situation, and then the matter is resolved.

Form 990, Part VI, Section C, Line 19

Always available on request to anyone who makes a formal request. Any organization or individual that wrote to ACF at the head office address, was responded to timeously with the required information in writing.

Filing and Contact Details

Filer

Filer Name
Africa College Fund
EIN
45-2028199
Phone
6414722069
Address
2004 Radiance Circle, Fairfield, IA 52556

Signing Officer

Name
Adam Blecher
Title
President
Phone
6414722069
Signed
2025-02-21

Organization Details

Principal Officer
Adam Paul Blecher
Formed
2011
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
3
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IRS990/Desc0Grants to Maharishi Education for Invincibility Trust - MEIT - in South Africa, to give unemployed youth a full package of support: Degrees through Maharishi International University, Fairfield, Iowa and places them into jobs part-time while they are studying, and permanent jobs in SA on graduation. MEIT has a 90 percent graduate job placement rate, and over 90 percent of graduates have maintained employment beyond the first year of employment. This is amongst the highest success rates in the country of South Africa. The grant funding assisted with the educational costs in entirety of youth for a full year of University education, and related costs. MEIT has got to a point of being 85 percent self-funding, including a program called 'learn and earn' 'pay it forward'. This is in line with Africa College Fund's mission of supporting non-profit, tax-exempt organisations that have a focus on creating financial sustainability, to ensure long term success. Grants also include scholarship support for girls in the Maharishi Invincibility School of Management, as well as establishing the organisation with a new University college in Zambia, Cybersecurity program in Brazil, and establishing a sister grant making organisation in the UK.
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IRS990/Form990PartVIISectionAGrp/PersonNm1Heather Hartnett
IRS990/Form990PartVIISectionAGrp/PersonNm2Anne Marie Blecher
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President and Founder
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Administrator
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IRS990/ProgSrvcAccomActy2Grp/Desc0Payments to Maharishi International University, Fairfield, Iowa, USA, to fund the USA tuition fees for distance education UniversityDegree programs on behalf of African students based in South Africa, that are studying through Maharishi Education for Invincibility Trust (MEIT) in a '2+2' program. This means the historically disadvantaged youth involved do their first 2-years of study in South Africa, and their second two-years of study are via distance education with Maharishi University of Management, broadcast from the United States to South Africa. The program is working highly effectively, and as cited above 90% of graduates have gained employment in quality graduate level positions in companies in South Africa.
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IRS990/PYInvestmentIncomeAmt0177
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
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IRS990/PYOtherExpensesAmt0679
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0141278
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0329098
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0470376
IRS990/ReconcilationRevenueExpnssAmt0-149290
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
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IRS990/ReportInvestmentsOtherSecInd00
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IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0250937
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0101647
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0646190
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0143867
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt046
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IRS990/ScheduleBRequiredInd01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Adam Paul Blecher, President and Founder, and Anne Marie Blecher, Vice President are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The form 990 was downloaded from the IRS site * along with instructions for Form 990 Return of Organizations Exempt from Income Tax, as well as the relevant supporting schedules * These were distributed to the Directors of the organization (the Governing Body) who familiarized themselves with the required documents. * The Directors determined it necessary to complete schedules: A, B, F, O * Once the Form and Schedules were completed by the President and Founder, they were sent to all Directors for their review and input * Suggestions and changes were then made * The revised Form 990, and attaching Schedules was the submitted on efiling to the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Yes, the organization has a written conflict of interest policy. All officers, and directors are required to disclose annually interests that could give rise to conflicts. This is minuted in the AGM, as well as other meetings of the Board. The organization does regularly and consistently monitor and enforce compliance with the policy, through requiring disclosure from all key representatives of any possible areas of conflict of interest. Where an individual might have a potential conflict, that individual is recused from the Board, so that the remainder of the Board members can discuss if they do in fact see an actual conflict, and if so, how to address the situation. In most cases, a perceived conflict on further discussion might amount to a zero risk situation, and then the matter is resolved.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Always available on request to anyone who makes a formal request. Any organization or individual that wrote to ACF at the head office address, was responded to timeously with the required information in writing.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
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IRS990/TotalAssetsGrp/BOYAmt0250937
IRS990/TotalAssetsGrp/EOYAmt0101647
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0646190

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