Civic Intelligence

Indaba Education Fund Inc.

990EZ • Fiscal year 2016 • EIN 47-1713004

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 20, 2017

16 West 36th Street Floor PHNew York, NY 10018

(646) 237-8869

Siviq Scores

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

Liabilities / Assets

91st percentile

0.28x

Higher debt load relative to assets than 91% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

0.20x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Net Margin

21st percentile

-21%

Higher net margin than 21% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE T30 • <$500k nonprofits • Source year 2016

Asset Growth

40th percentile

-2.3%

Faster asset growth than 40% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

68th percentile

17%

Faster revenue growth than 68% of similar nonprofits.

2016 filings • NTEE T30 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$69,789

Down $1,620 (-2.3%) from 2015

Net Assets

Down

$49,978

Down $20,931 (-30%) from 2015

Liabilities

Up

$19,811

Up $19,311 (+3862%) from 2015

Revenue

Up

$100,278

Up $14,214 (+17%) from 2015

Expenses

Up

$121,209

Up $106,054 (+700%) from 2015

Net Income

Down

-$20,931

Down $91,840 (-130%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $0Net Assets 2014: $02014Assets 2015: $71,409Liabilities 2015: $500Net Assets 2015: $70,9092015Assets 2016: $69,789Liabilities 2016: $19,811Net Assets 2016: $49,9782016Assets 2017: $166,891Liabilities 2017: $26,064Net Assets 2017: $140,8272017Assets 2018: $347,689Liabilities 2018: $22,026Net Assets 2018: $325,6632018Assets 2019: $180,266Liabilities 2019: $64,664Net Assets 2019: $115,6022019Assets 2020: $94,762Liabilities 2020: $10,400Net Assets 2020: $84,3622020Assets 2021: $33,739Liabilities 2021: $6,3652021Assets 2022: $47,352Liabilities 2022: $18,502Net Assets 2022: $28,8502022Assets 2023: $11,113Liabilities 2023: $51,0262023Assets 2024: $79,234Liabilities 2024: $52,450Net Assets 2024: $26,7842024

Highlighted filing

2016

Assets$69,789
Liabilities$19,811
Net Assets$49,978

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2014: $8,151Expenses 2014: $8,151Net Income 2014: $02014Revenue 2015: $86,064Expenses 2015: $15,155Net Income 2015: $70,9092015Revenue 2016: $100,278Expenses 2016: $121,209Net Income 2016: -$20,9312016Revenue 2017: $364,906Expenses 2017: $274,057Net Income 2017: $90,8492017Revenue 2018: $565,827Expenses 2018: $380,991Net Income 2018: $184,8362018Revenue 2019: $408,488Expenses 2019: $618,549Net Income 2019: -$210,0612019Revenue 2020: $419,191Expenses 2020: $450,431Net Income 2020: -$31,2402020Revenue 2021: $601,775Expenses 2021: $658,763Net Income 2021: -$56,9882021Revenue 2022: $565,069Expenses 2022: $563,593Net Income 2022: $1,4762022Revenue 2023: $350,055Expenses 2023: $418,818Net Income 2023: -$68,7632023Revenue 2024: $562,293Expenses 2024: $495,596Net Income 2024: $66,6972024

Highlighted filing

2016

Revenue$100,278
Expenses$121,209
Net Income-$20,931
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 20, 2017
Return Version
2016v3.0
Gross Receipts
$100,278
Mission and Program Overview

Mission

Indaba Education Fund, Inc. ("IEF") concentrates its efforts on the educational needs in the Winelands region of South Africa.IEF's goal is to assist poor children in this region to lift themselves out of poverty through education.

Program Services

DescriptionGrantsExpenses
Training Academy Development: $57,174Funding the research and creation of curriculum, marketing and communication and logistics surrounding the teacher training coursesUpgrades to training academy facilities for safety and aesthetics-$57,174
School Infrastructure Upgrades/Construction: $24,327Funding for crche infrastructure upgrades which includes planning, design, and construction costs. These improvements will allow schools to operate up to modern standards of safety and productive learning environments.-$24,627
Pre/Primary School Operations: $14,566Funding for overhead operational costs such as utilities and management as well as providing certified teachers for a model jewel school to be used in the training academys observational programs.-$14,566
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Molly ChoiSecretary-$0--
Mark CohenDirector-$0--
Douglas ShawDirector-$0--
Jeffrey LeponDirector-$0--
Robert BradshawPresident-$0--
Evan WhitacreTreasurer-$0--
ANDRE SHEARERDirector-$0--
NICO REDELINGUYSSa Rep-$0--
Filing and Contact Details

Filer

Filer Name
Indaba Education Fund Inc
EIN
47-1713004
Phone
6462378869
Address
16 West 36th Street Floor PH, NEW YORK, NY 10018

Signing Officer

Name
Molly Choi
Title
Secretary
Signed
2017-10-20
Discuss with paid preparer
Yes

Preparer

Firm
Loewenwarter & Co LLP
Address
200 Old Country Road Suite 274, Mineola, NY 11501
Preparer
William Kolbert
Phone
5167399777
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

Class of Activity: EDUCATIONAL | Donee's Name: THE SUSTAINABILITY INSTITUTE | Donee's Address: OFF R310 BADEN POWELL DRIVE LYNEDOCH 7603 South Africa | Relationship of Donee: CHARITABLE | Cash Amount Given: $96067

Other Expenses.1001

Advertising and Promotion $80

Other Expenses.1005

Travel $28

Other Expenses.1012

Insurance $3928

Other Expenses.1

Contract service expense $15882

Other Expenses.2

PRINTING & COPYING $1469

Other Expenses.3

BANK FEES $542

Other Expenses.4

Outside Computer Services $299

Other Expenses.5

POSTAGE & SHIPPING $149

Other Expenses.6

LICENSES & FEES $110

Other Assets.1005

Accounts Receivable - Beginning $33500 Accounts Receivable - Ending $12328

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $1599 Prepaid Expenses and Deferred Charges - Ending $1664

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $500 Accounts Payable and Accrued Expenses - Ending $19811

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Class of Activity: EDUCATIONAL | Donee's Name: THE SUSTAINABILITY INSTITUTE | Donee's Address: OFF R310 BADEN POWELL DRIVE LYNEDOCH 7603 South Africa | Relationship of Donee: CHARITABLE | Cash Amount Given: $96067
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $28
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $3928
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ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Molly Choi
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDABA EDUCATION FUND INC
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ReturnHeader/Filer/EIN0471713004
ReturnHeader/Filer/PhoneNum06462378869
ReturnHeader/Filer/USAddress/AddressLine1Txt016 West 36th Street Floor PH
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ReturnHeader/Filer/USAddress/ZIPCd010018
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Loewenwarter & Co LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 Old Country Road Suite 274
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011501
ReturnHeader/PreparerPersonGrp/PhoneNum05167399777
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0William Kolbert
ReturnHeader/ReturnTs02017-10-20T12:34:16-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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Filings

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits