Civic Intelligence

Africa Exchange

990 • Fiscal year 2018 • EIN 54-1850816

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 09, 2020

4511 Eno Cemetery RoadCedar Grove, NC 27231

(336) 639-2288

Siviq Scores

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

Liabilities / Assets

89th percentile

0.45x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • NTEE Q • <$500k nonprofits • Source year 2018

Liabilities / Revenue

91st percentile

0.20x

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

2018 filings • NTEE Q • <$500k nonprofits • Source year 2018

Net Margin

56th percentile

6.0%

Higher net margin than 56% of similar nonprofits.

2018 filings • NTEE Q • <$500k nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

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

2018 filings • NTEE Q • <$500k nonprofits • Source year 2018

Asset Growth

87th percentile

115%

Faster asset growth than 87% of similar nonprofits.

2018 filings • NTEE Q • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

67th percentile

23%

Faster revenue growth than 67% of similar nonprofits.

2018 filings • NTEE Q • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$102,921

Up $54,997 (+115%) from 2017

Net Assets

Up

$57,011

Up $13,587 (+31%) from 2017

Liabilities

Up

$45,910

Up $41,410 (+920%) from 2017

Revenue

Up

$225,505

Up $41,801 (+23%) from 2017

Expenses

Up

$211,918

Up $774 (+0.4%) from 2017

Net Income

Up

$13,587

Up $41,027 (+150%) from 2017

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $227,753Liabilities 2011: $1,457Net Assets 2011: $226,2962011Assets 2012: $175,455Liabilities 2012: $1,462Net Assets 2012: $173,9932012Assets 2013: $163,623Liabilities 2013: $5,370Net Assets 2013: $158,2532013Assets 2014: $113,407Liabilities 2014: $827Net Assets 2014: $112,5802014Assets 2015: $75,454Liabilities 2015: $1,028Net Assets 2015: $74,4262015Assets 2016: $72,123Liabilities 2016: $1,259Net Assets 2016: $70,8642016Assets 2017: $47,924Liabilities 2017: $4,500Net Assets 2017: $43,4242017Assets 2018: $102,921Liabilities 2018: $45,910Net Assets 2018: $57,0112018Assets 2019: $126,899Liabilities 2019: $14,610Net Assets 2019: $112,2892019Assets 2020: $215,115Liabilities 2020: $27,165Net Assets 2020: $187,9502020Assets 2021: $181,553Liabilities 2021: $1,359Net Assets 2021: $180,1942021Assets 2022: $318,698Liabilities 2022: $1,134Net Assets 2022: $317,5642022Assets 2023: $463,810Liabilities 2023: $57,612Net Assets 2023: $406,1982023Assets 2024: $411,544Liabilities 2024: $1,113Net Assets 2024: $410,4312024

Highlighted filing

2018

Assets$102,921
Liabilities$45,910
Net Assets$57,011

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $189,280Expenses 2011: $181,023Net Income 2011: $8,2572011Revenue 2012: $151,056Expenses 2012: $203,359Net Income 2012: -$52,3032012Revenue 2013: $84,157Expenses 2013: $99,897Net Income 2013: -$15,7402013Revenue 2014: $133,364Expenses 2014: $179,037Net Income 2014: -$45,6732014Revenue 2015: $77,015Expenses 2015: $115,169Net Income 2015: -$38,1542015Revenue 2016: $81,138Expenses 2016: $84,700Net Income 2016: -$3,5622016Revenue 2017: $183,704Expenses 2017: $211,144Net Income 2017: -$27,4402017Revenue 2018: $225,505Expenses 2018: $211,918Net Income 2018: $13,5872018Revenue 2019: $307,948Expenses 2019: $252,670Net Income 2019: $55,2782019Revenue 2020: $372,995Expenses 2020: $297,334Net Income 2020: $75,6612020Revenue 2021: $326,294Expenses 2021: $334,050Net Income 2021: -$7,7562021Revenue 2022: $559,202Expenses 2022: $421,832Net Income 2022: $137,3702022Revenue 2023: $530,917Expenses 2023: $442,283Net Income 2023: $88,6342023Revenue 2024: $751,613Expenses 2024: $747,380Net Income 2024: $4,2332024

Highlighted filing

2018

Revenue$225,505
Expenses$211,918
Net Income$13,587
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 9, 2020
Return Version
2018v3.1
Gross Receipts
$225,505
Mission and Program Overview

Mission

To conduct education and development programs for the benefit of children and communities in marginalized, rural Kenya.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$46,183$101,400▲ $55,217
Land, Buildings, and Equipment, Net$246$0▼ $246
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$47,924$102,921▲ $54,997
Other Assets Total$1,495$1,521▲ $26
Liabilities
Accounts Payable and Accrued Expenses$4,500$45,910▲ $41,410
Total Liabilities$4,500$45,910▲ $41,410
Net Assets / Fund Balance
Unrestricted Net Assets$43,424$57,011▲ $13,587
Total Net Assets Fund Balance$43,424$57,011▲ $13,587
Total Liabilities and Net Assets / Fund Balance$47,924$102,921▲ $54,997

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$30,442$30,442
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$225,498
Program Service Revenue
$0
Investment Income
$7
Other Revenue
$0
All Other Contributions
$225,498
Change in Net Assets
$13,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,918
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$20,552--$20,552
Office Expenses-$4,027-$4,027
Fees for Services Legal-$2,649-$2,649
All Other Expenses-$2,647-$2,647
Travel-$2,483-$2,483
Fees for Services Management-$2,241-$2,241
Fees for Services Accounting-$931-$931
Advertising-$250-$250
Depreciation Depletion-$246-$246
Total Functional Expenses$196,444$15,474$0$211,918
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
Receivables from Disqualified Persons-$0-
Receivables 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
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Sam and Melody Harrell are husband and wife.

Form 990, Part VI, Line 11B: Form 990 Review Process

No review was or will be conducted.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Africa Exchange uploads information to Guidestar.com to make available to the public.

Filing and Contact Details

Filer

Filer Name
Africa Exchange
EIN
54-1850816
Phone
3366392288
Address
4511 Eno Cemetery Road, Cedar Grove, NC 27231

Signing Officer

Name
Sam Harrell
Title
President
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
Knott Richartz & Co CPAs PLLC
Address
1430 Commonwealth Dr Ste 200, Wilmington, NC 28403
Preparer
Paul D Knott CPA
Phone
9105093806
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Environmental Impact: Houses all the environmental matters such as tree planting, conservation issues, agroforestry, etc.

Amended Explanation

Return amended to include pass-through donations on a gross basis instead of net basis.

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IRS990/ProgSrvcAccomActy3Grp/Desc0Change for Children: Since 1999. Africa Exchange has been involved in development activities directed towards orphans and vulnerable children. Through direct management and operations, capacity building, project development and funding of institutions, and partner projects geared towards children at risk, substantial gains have been made and lessons learned. Building on these experiences, Africa Exchange and its development partners have embarked on an integrated child development program that will provide Change for Children among marginalized populations in Kenya. For detailed publication go to "Projects and Programs" on our web site.
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt013587
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0225498
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0183694
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt081125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt077001
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0198202
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0765520
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt047
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt071
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99980
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt077001
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0198202
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0765520
IRS990ScheduleA/TotalSupportAmt0765591
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/EquipmentGrp/DepreciationAmt030442
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt030442
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: Environmental Impact: Houses all the environmental matters such as tree planting, conservation issues, agroforestry, etc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Sam and Melody Harrell are husband and wife.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Africa Exchange uploads information to Guidestar.com to make available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Return amended to include pass-through donations on a gross basis instead of net basis.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Amended Explanation
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0102921
IRS990/TotalAssetsGrp/BOYAmt047924
IRS990/TotalAssetsGrp/EOYAmt0102921
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0196444
IRS990/TotalFunctionalExpensesGrp/TotalAmt0211918
IRS990/TotalGrossUBIAmt07
IRS990/TotalLiabilitiesBOYAmt04500
IRS990/TotalLiabilitiesEOYAmt045910
IRS990/TotalLiabilitiesGrp/BOYAmt04500
IRS990/TotalLiabilitiesGrp/EOYAmt045910
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt043424
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt057011
IRS990/TotalOtherProgSrvcExpenseAmt020552
IRS990/TotalProgramServiceExpensesAmt0196444
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0225505
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt047924
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0102921
IRS990/TravelGrp/ManagementAndGeneralAmt02483
IRS990/TravelGrp/TotalAmt02483
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt043424
IRS990/UnrestrictedNetAssetsGrp/EOYAmt057011
IRS990/USAddress/AddressLine1Txt04511 Eno Cemetery Road
IRS990/USAddress/CityNm0Cedar Grove
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027231
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0africaexchange.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Sam Harrell
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Africa Exchange
ReturnHeader/Filer/BusinessNameControlTxt0AFRI
ReturnHeader/Filer/EIN0541850816
ReturnHeader/Filer/PhoneNum03366392288

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.12$0.01$4.10$7.52$7.47$0.04
2023Detailed filing. Detailed filing data is available for this year.$4.64$0.58$4.06$5.31$4.42$0.89
2022Detailed filing. Detailed filing data is available for this year.$3.19$0.01$3.18$5.59$4.22$1.37
2021Detailed filing. Detailed filing data is available for this year.$1.82$0.01$1.80$3.26$3.34$0.08
2020Detailed filing. Detailed filing data is available for this year.$2.15$0.27$1.88$3.73$2.97$0.76
2019Detailed filing. Detailed filing data is available for this year.$1.27$0.15$1.12$3.08$2.53$0.55
2018Detailed filing. Detailed filing data is available for this year.$1.03$0.46$0.57$2.26$2.12$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.48$0.05$0.43$1.84$2.11$0.27
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.01$0.71$0.81$0.85$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.74$0.77$1.15$0.38
2014Detailed filing. Detailed filing data is available for this year.$1.13$0.01$1.13$1.33$1.79$0.46
2013Detailed filing. Detailed filing data is available for this year.$1.64$0.05$1.58$0.84$1.00$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.01$1.74$1.51$2.03$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$0.01$2.26$1.89$1.81$0.08