Liabilities / Assets
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
African Technology Foundation
990EZ • Fiscal year 2015 • EIN 46-4355360
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
75th percentile
Higher net margin than 75% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$39,602
No earlier filing loaded for comparison.
Net Assets
$39,602
No earlier filing loaded for comparison.
Liabilities
$0
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$129,058
No earlier filing loaded for comparison.
Expenses
$105,698
No earlier filing loaded for comparison.
Net Income
$23,360
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Apr 14, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $129,058
Mission and Program Overview
Mission
African Technology Foundation was founded to provide the support system needed to globalize African technologies by providing access to resources that effectively address and manage the most pressing technological challenges on the continent. We achieve this through a series of activities that include capacity building, knowledge distribution, access to global networks, mentorships and diaspora engagement activities.We are committed to promoting cultural and educational interchanges that enhance the capabilities of entrepreneurs in the region. We will empower entrepreneurs by bridging knowledge gaps and providing access to best practices for improvements within African innovation ecosystems including, but not limited to universities, entrepreneurial hubs and government agencies.ATF will be based in the United States and will conduct a significant portion of its activities here. ATF is organized and shall be operated exclusively for charitable, scientific and educational purposes.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| African Technology Landing PadOur Technology Landing Pad will be a joint effort with other Silicon Valley stakeholders to promote the acceleration of the incubation and acculturation of African startups and enterprises. We are committed to the global positioning of African technologies, and our approach is guided by a unique combination of a rich Silicon Valley network and a strong team of mentors and startup advisers.Our US network will include incubation partnerships with the leading nonprofit technology incubators, and with the entrepreneurship departments of participating US universities that have a focus on Africa (e.g. GSBI at Santa Clara University and SEED at Stanford University).African ConnectionsThrough our African Connections initiative, we plan to offer unique opportunities for African startups to interact with global stakeholders across multiple sectors and industries. With our stage agnostic support services, we plan to uncover relevant industry convergences between African and Western actors and facilitate the development of bilateral trade and technology platforms. We also plan to advocate Public-Private-People-Partnerships (PPPP) and local initiatives that center on empowerment of entrepreneurs that rely on strong diaspora networks.Our African Connections platform will include relationships with US based Chambers of Commerce that have interests in Africa, US nonprofit organizations that are active on the continent and government institutions and agencies that are proponents of international collaborations.Lab2MarketLab2Market is our technology transfer program that will support innovation and commercialization of African technologies through university collaborations. Through this program, we seek to promote intellectual property and industry research alliances for African research universities and technology labs that are seeking to develop multidisciplinary and turnkey technology solutions through technology partnerships with US universities.Our Lab2Market initiative will promote tech transfer and collaborative research partnerships with leading US universities on areas such as frugal innovation, product development, intellectual property development and protection, and technology commercialization. | $0 | $105,698 |
| VenturePATHThrough our VenturePATH program, we plan to facilitate the understanding of technology venture plans by African companies, which plans are relevant to the Silicon Valley market and the global innovation ecosystem. The program will include supporting and promoting incubation and acceleration partnerships where African startups can study business model validation. We will also encourage the development of unique learning tools and support services to facilitate investor engagement. We plan to work closely with African diaspora professionals within US business schools as well as African Student Organizations and their affiliated Africa Business Clubs to provide the most relevant tools and resources for the successful execution of innovation projects.African Business Leadership ProgramWe also plan to support the growth and development of the next generation of Business Leaders in Africa. Through our unique diaspora affiliations, our diverse mentor networks and our rich connections with business leaders in Silicon Valley, our leadership programs will be designed to raise the bar on business management in Africa by localizing and contextualizing leadership best practices from the most innovative regions of the world. We will work in alliance with leadership summits, thought leaders and content providers to build a knowledgebase of leadership tools that will empower the next generation of African business leaders. | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Stephen Ozoigbo | President And Secretary | - | $0 | - | - |
| Tarisai Garande | Vice President And Treasurer | - | $0 | - | - |
| ruth wilson | Trustee | - | $0 | - | - |
| niall o'cathasaigh | Trustee | - | $0 | - | - |
| dawn smith | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- African Technology Foundation
- EIN
- 46-4355360
- Phone
- 8186605676
- Address
- 3310 Sawtelle Blvd No 102, Los Angeles, CA 90066
Signing Officer
- Name
- Stephen Ozoigbo
- Title
- CEO
- Phone
- 3237087129
- Signed
- 2016-04-14
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Moss Adams LLP
- Address
- 4747 Executive Drive Suite 1300, San Diego, CA 92121
- Preparer
- Patricia J Mayer
- Phone
- 8586271400
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity Classification: Grant. Grantee Name: Buni Divas C/O Buni Hub. Grantee Address: Sayansi Building, Costech , Dar es Salaam 4302, TANZANIA. Date of Gift: 10/11/15. Amount Given: 1,025.”
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity Classification: Grant. Grantee Name: Arnergy Solar Ltd. Grantee Address: 7A Akinola Cole Crescent, Off Adeniyi Jones Avenue , Ikeja, Lagos, NIGERIA. Date of Gift: 12/22/15. Amount Given: 19,771.”
Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity Classification: Grant. Grantee Name: Opeyemi Awe. Grantee Address: 11615 Tall Pines Drive Germantown, MD 20876i awe. Date of Gift: 01/14/15. Amount Given: 500. Total included on Form 990-EZ, line 10: 21,296.”
Form 990-EZ, Part I, Line 16 - Other Expenses
“Description: promotion. Amount: 9,250. Description: Transportation. Amount: 15,315. Description: Parking. Amount: 513. Description: Office Supplies / Expenditure. Amount: 7,410. Description: Videography. Amount: 33,417. Description: Events. Amount: 342. Description: travel. Amount: 17,813. Description: Bookkeeping. Amount: 225. Description: Transaction Fees. Amount: 117. Total to Form 990-EZ, line 16: 84,402.”
Raw XML Appendix152 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | African Technology Foundation was founded to provide the support system needed to globalize African technologies by providing access to resources that effectively address and manage the most pressing technological challenges on the continent. We achieve this through a series of activities that include capacity building, knowledge distribution, access to global networks, mentorships and diaspora engagement activities.We are committed to promoting cultural and educational interchanges that enhance the capabilities of entrepreneurs in the region. We will empower entrepreneurs by bridging knowledge gaps and providing access to best practices for improvements within African innovation ecosystems including, but not limited to universities, entrepreneurial hubs and government agencies.ATF will be based in the United States and will conduct a significant portion of its activities here. ATF is organized and shall be operated exclusively for charitable, scientific and educational purposes. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | African Technology Landing PadOur Technology Landing Pad will be a joint effort with other Silicon Valley stakeholders to promote the acceleration of the incubation and acculturation of African startups and enterprises. We are committed to the global positioning of African technologies, and our approach is guided by a unique combination of a rich Silicon Valley network and a strong team of mentors and startup advisers.Our US network will include incubation partnerships with the leading nonprofit technology incubators, and with the entrepreneurship departments of participating US universities that have a focus on Africa (e.g. GSBI at Santa Clara University and SEED at Stanford University).African ConnectionsThrough our African Connections initiative, we plan to offer unique opportunities for African startups to interact with global stakeholders across multiple sectors and industries. With our stage agnostic support services, we plan to uncover relevant industry convergences between African and Western actors and facilitate the development of bilateral trade and technology platforms. We also plan to advocate Public-Private-People-Partnerships (PPPP) and local initiatives that center on empowerment of entrepreneurs that rely on strong diaspora networks.Our African Connections platform will include relationships with US based Chambers of Commerce that have interests in Africa, US nonprofit organizations that are active on the continent and government institutions and agencies that are proponents of international collaborations.Lab2MarketLab2Market is our technology transfer program that will support innovation and commercialization of African technologies through university collaborations. Through this program, we seek to promote intellectual property and industry research alliances for African research universities and technology labs that are seeking to develop multidisciplinary and turnkey technology solutions through technology partnerships with US universities.Our Lab2Market initiative will promote tech transfer and collaborative research partnerships with leading US universities on areas such as frugal innovation, product development, intellectual property development and protection, and technology commercialization. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | VenturePATHThrough our VenturePATH program, we plan to facilitate the understanding of technology venture plans by African companies, which plans are relevant to the Silicon Valley market and the global innovation ecosystem. The program will include supporting and promoting incubation and acceleration partnerships where African startups can study business model validation. We will also encourage the development of unique learning tools and support services to facilitate investor engagement. We plan to work closely with African diaspora professionals within US business schools as well as African Student Organizations and their affiliated Africa Business Clubs to provide the most relevant tools and resources for the successful execution of innovation projects.African Business Leadership ProgramWe also plan to support the growth and development of the next generation of Business Leaders in Africa. Through our unique diaspora affiliations, our diverse mentor networks and our rich connections with business leaders in Silicon Valley, our leadership programs will be designed to raise the bar on business management in Africa by localizing and contextualizing leadership best practices from the most innovative regions of the world. We will work in alliance with leadership summits, thought leaders and content providers to build a knowledgebase of leadership tools that will empower the next generation of African business leaders. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Classification: Grant. Grantee Name: Buni Divas C/O Buni Hub. Grantee Address: Sayansi Building, Costech , Dar es Salaam 4302, TANZANIA. Date of Gift: 10/11/15. Amount Given: 1,025. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Activity Classification: Grant. Grantee Name: Arnergy Solar Ltd. Grantee Address: 7A Akinola Cole Crescent, Off Adeniyi Jones Avenue , Ikeja, Lagos, NIGERIA. Date of Gift: 12/22/15. Amount Given: 19,771. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Activity Classification: Grant. Grantee Name: Opeyemi Awe. Grantee Address: 11615 Tall Pines Drive Germantown, MD 20876i awe. Date of Gift: 01/14/15. Amount Given: 500. Total included on Form 990-EZ, line 10: 21,296. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description: promotion. Amount: 9,250. Description: Transportation. Amount: 15,315. Description: Parking. Amount: 513. Description: Office Supplies / Expenditure. Amount: 7,410. Description: Videography. Amount: 33,417. Description: Events. Amount: 342. Description: travel. Amount: 17,813. Description: Bookkeeping. Amount: 225. Description: Transaction Fees. Amount: 117. Total to Form 990-EZ, line 16: 84,402. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part I, Line 16 - Other Expenses |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract. |
| ReturnHeader/BuildTS | 0 | 2016-09-27 15:27:22Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Stephen Ozoigbo |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-04-14 |
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| ReturnHeader/Filer/PhoneNum | 0 | 8186605676 |
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| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
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| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8586271400 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Patricia J Mayer |
| ReturnHeader/ReturnTs | 0 | 2016-04-14T21:22:00-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $39,602
- Liabilities
- $0
- Net assets
- $39,602
- Revenue
- $129,058
- Expenses
- $105,698
- Net income
- $23,360