Liabilities / Assets
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
African Technology Foundation
990EZ • Fiscal year 2019 • EIN 46-4355360
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
57th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
74th percentile
Higher net margin than 74% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
80th percentile
Faster asset growth than 80% of similar nonprofits.
Revenue Growth
14th percentile
Faster revenue growth than 14% of similar nonprofits.
Balance Sheet
Assets
Up$57,387
Up $15,074 (+36%) from 2018
Net Assets
Up$57,387
Up $15,074 (+36%) from 2018
Liabilities
Flat$0
Flat from 2018
Revenue And Expenses
Revenue
Down$81,460
Down $46,295 (-36%) from 2018
Expenses
Down$66,386
Down $53,875 (-45%) from 2018
Net Income
Up$15,074
Up $7,580 (+101%) from 2018
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Jul 15, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $81,460
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.
African technology foundation was founded to provide the support system needed to globalize african technologies by providing access to resouces 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, and 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 briding knowledge gaps and providing access to best practices for improvements within african innovation ecosystems including, but not limited to universitites entrepreneural hubs and government agencies.atf is based in the united states and will conduct a significan 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 INCUATION 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 STANDORD UNIVERSITY).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 AFFILIATIED AFRICAN 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 ENNTOR 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, THROUGHT LEADERS AND CONTENT PROVIDERS TO BUILD A KNOWLEDGEBASE OF LEADERSHIP TOOLS THAT WILL EMPOWER THE NEXT GENERATION OF AFRICAN BUSINESS LEADERS.AFRICAN CONNECTIONSTHROUGH OUR AFRICAN CONNECTION 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 DEVELOPEMTN OF BILATERAL TRADE AND TECHNOLOGY PLATFORMS. WE ALSO PLAN TO ADVOCATE PUBLIC-PRIVATE-PEOPLE-PARTNERSHIPS (PPPP) AND LOCAL INITIATIVES THAT CENTER ON EMPLOWERMENT OF ENTREPRENEURS THAT RELY ON STRONG DIASPORA NETWORKS. oUR AFRICAN CONNECTIONS PLATORM WILL INCLUDE RELATIONSHIPS WITH US BASED CHANBERS OF COMMERCE THAT HAVE INTERESTS IN AFRICA, US NONPROFIT ORGANIZATIONS THAT ARE ACTIVE ON THE CONTINENT AND GOVERMENT INSTITUTIONS AND AGENCIES THAT ARE PROPONENTS OF INTERNATION 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 TRANSFERS AND COLLABORATIVE RESEARCH PARTNERSHIPS WITH LEADING US UNIVERSITIES ON AREAS SUCH AS FRUGAL INNOVATION, PRODUCT DEVELOPMENT, INTELLECTUAL PROPERTY DEVELOPMENT AND PROTECTION, AND TECHNOLOGY COMMERCIALIZATION. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| STEPHEN OZOIGBO | Pres & Secy | FT | $0 | - | - |
| TARISAI GARANDE | VP & Treasurer | - | $0 | - | - |
| RUTH WILSON | Trustee | - | $0 | - | - |
| NIALL O'CATHASAIGH | Trustee | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- African Technology Foundation
- EIN
- 46-4355360
- Address
- 650 CASTRO ST STE 120480, MOUNTAIN VIEW, CA 94041
Signing Officer
- Name
- Stephen Ozoigbo
- Title
- CEO
- Signed
- 2020-07-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- NorCal Business & Tax Services Inc
- Address
- 16450 Monterey Rd Ste A, Morgan Hill, CA 95037-5132
- Preparer
- Linda J Hyer EA
- Phone
- 4087760532
Supplemental Narrative
Additional Explanations
Other Expenses.1001
“Advertising and Promotion $249”
Other Expenses.1002
“Office Expenses $25”
Other Expenses.1003
“Information Technology $2490”
Other Expenses.1005
“Travel $14716”
Other Expenses.1009
“Depreciation $142”
Other Expenses.1
“Program expenses $34587”
Other Expenses.2
“Piitch Ethiopia exp $12872”
Other Expenses.3
“Tax prep $1200”
Other Expenses.4
“Other tax $60”
Other Expenses.5
“BANK FEES $45”
Other Assets.1004
“Miscellaneous - Beginning $499 Miscellaneous - Ending $357”
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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 RESOUCES 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, AND 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 BRIDING KNOWLEDGE GAPS AND PROVIDING ACCESS TO BEST PRACTICES FOR IMPROVEMENTS WITHIN AFRICAN INNOVATION ECOSYSTEMS INCLUDING, BUT NOT LIMITED TO UNIVERSITITES ENTREPRENEURAL HUBS AND GOVERNMENT AGENCIES.ATF IS BASED IN THE UNITED STATES AND WILL CONDUCT A SIGNIFICAN 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 INCUATION 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 STANDORD UNIVERSITY).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 AFFILIATIED AFRICAN 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 ENNTOR 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, THROUGHT LEADERS AND CONTENT PROVIDERS TO BUILD A KNOWLEDGEBASE OF LEADERSHIP TOOLS THAT WILL EMPOWER THE NEXT GENERATION OF AFRICAN BUSINESS LEADERS.AFRICAN CONNECTIONSTHROUGH OUR AFRICAN CONNECTION 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 DEVELOPEMTN OF BILATERAL TRADE AND TECHNOLOGY PLATFORMS. WE ALSO PLAN TO ADVOCATE PUBLIC-PRIVATE-PEOPLE-PARTNERSHIPS (PPPP) AND LOCAL INITIATIVES THAT CENTER ON EMPLOWERMENT OF ENTREPRENEURS THAT RELY ON STRONG DIASPORA NETWORKS. oUR AFRICAN CONNECTIONS PLATORM WILL INCLUDE RELATIONSHIPS WITH US BASED CHANBERS OF COMMERCE THAT HAVE INTERESTS IN AFRICA, US NONPROFIT ORGANIZATIONS THAT ARE ACTIVE ON THE CONTINENT AND GOVERMENT INSTITUTIONS AND AGENCIES THAT ARE PROPONENTS OF INTERNATION 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 TRANSFERS AND COLLABORATIVE RESEARCH PARTNERSHIPS WITH LEADING US UNIVERSITIES ON AREAS SUCH AS FRUGAL INNOVATION, PRODUCT DEVELOPMENT, INTELLECTUAL PROPERTY DEVELOPMENT AND PROTECTION, AND TECHNOLOGY COMMERCIALIZATION. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and Promotion $249 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Office Expenses $25 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Information Technology $2490 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Travel $14716 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Depreciation $142 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Program expenses $34587 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Piitch Ethiopia exp $12872 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Tax prep $1200 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Other tax $60 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | BANK FEES $45 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | Miscellaneous - Beginning $499 Miscellaneous - Ending $357 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1005 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Assets.1004 |
| ReturnHeader/BuildTS | 0 | 2021-01-29 14:40:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEPHEN OZOIGBO |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CEO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-07-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | AFRICAN TECHNOLOGY FOUNDATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | AFRI |
| ReturnHeader/Filer/EIN | 0 | 464355360 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 650 CASTRO ST STE 120480 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MOUNTAIN VIEW |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94041 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 830491013 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | NorCal Business & Tax Services Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 16450 Monterey Rd Ste A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Morgan Hill |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 950375132 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4087760532 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Linda J Hyer EA |
| ReturnHeader/ReturnTs | 0 | 2020-07-15T14:10:24-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $57,387
- Liabilities
- $0
- Net assets
- $57,387
- Revenue
- $81,460
- Expenses
- $66,386
- Net income
- $15,074