Civic Intelligence

African Studies Association Inc

EIN 58-1832301 • 501(c)3 • Piscataway, NJ

Profile

The African Studies Association

54 Joyce Kilmer AvePiscataway, NJ 08854

www.african studies.org

Siviq Scores

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

Liabilities / Assets

57th percentile

0.11x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.20x

Higher debt load relative to revenue than 67% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

52nd percentile

5.4%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$195,380

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 15.7% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

47th percentile

2.4%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

84th percentile

52%

Faster revenue growth than 84% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,401,755

Up $55,838 (+2.4%) from 2023

Liabilities

Down

$254,137

Down $34,611 (-12%) from 2023

Net Assets

Up

$2,147,618

Up $90,449 (+4.4%) from 2023

Revenue

Up

$1,244,456

Up $426,075 (+52%) from 2023

Expenses

Up

$1,177,670

Up $158,739 (+16%) from 2023

Net Income

Up

$66,786

Up $267,336 (+133%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,363,136Liabilities 2010: $262,914Net Assets 2010: $1,100,2222010Assets 2011: $1,278,069Liabilities 2011: $368,502Net Assets 2011: $909,5672011Assets 2012: $1,179,322Liabilities 2012: $25,642Net Assets 2012: $1,153,6802012Assets 2013: $1,550,912Liabilities 2013: $29,737Net Assets 2013: $1,521,1752013Assets 2014: $1,662,637Liabilities 2014: $91,450Net Assets 2014: $1,571,1872014Assets 2015: $1,641,496Liabilities 2015: $79,777Net Assets 2015: $1,561,7192015Assets 2016: $1,702,876Liabilities 2016: $49,606Net Assets 2016: $1,653,2702016Assets 2017: $1,852,713Liabilities 2017: $201,295Net Assets 2017: $1,651,4182017Assets 2018: $1,532,134Liabilities 2018: $210,808Net Assets 2018: $1,321,3262018Assets 2019: $1,792,813Liabilities 2019: $402,756Net Assets 2019: $1,390,0572019Assets 2020: $2,004,807Liabilities 2020: $293,370Net Assets 2020: $1,711,4372020Assets 2021: $1,847,713Liabilities 2021: $147,590Net Assets 2021: $1,700,1232021Assets 2022: $2,468,483Liabilities 2022: $281,280Net Assets 2022: $2,187,2032022Assets 2023: $2,345,917Liabilities 2023: $288,748Net Assets 2023: $2,057,1692023Assets 2024: $2,401,755Liabilities 2024: $254,137Net Assets 2024: $2,147,6182024

Highlighted filing

2024

Assets$2,401,755
Liabilities$254,137
Net Assets$2,147,618

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2010: $704,343Expenses 2010: $668,367Net Income 2010: $35,9762010Revenue 2011: $697,266Expenses 2011: $845,513Net Income 2011: -$148,2472011Revenue 2012: $696,155Expenses 2012: $772,996Net Income 2012: -$76,8412012Revenue 2013: $736,661Expenses 2013: $701,450Net Income 2013: $35,2112013Revenue 2014: $741,840Expenses 2014: $753,652Net Income 2014: -$11,8122014Revenue 2015: $794,334Expenses 2015: $728,993Net Income 2015: $65,3412015Revenue 2016: $932,278Expenses 2016: $933,249Net Income 2016: -$9712016Revenue 2017: $888,503Expenses 2017: $1,076,185Net Income 2017: -$187,6822017Revenue 2018: $879,609Expenses 2018: $1,091,361Net Income 2018: -$211,7522018Revenue 2019: $892,505Expenses 2019: $1,036,132Net Income 2019: -$143,6272019Revenue 2020: $815,949Expenses 2020: $806,556Net Income 2020: $9,3932020Revenue 2021: $721,227Expenses 2021: $716,472Net Income 2021: $4,7552021Revenue 2022: $1,675,267Expenses 2022: $812,859Net Income 2022: $862,4082022Revenue 2023: $818,381Expenses 2023: $1,018,931Net Income 2023: -$200,5502023Revenue 2024: $1,244,456Expenses 2024: $1,177,670Net Income 2024: $66,7862024

Highlighted filing

2024

Revenue$1,244,456
Expenses$1,177,670
Net Income$66,786

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.40$0.25$2.15$1.24$1.18$0.07
2023Summary only. Only limited summary data is available for this year.$2.35$0.29$2.06$0.82$1.02$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.47$0.28$2.19$1.68$0.81$0.86
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.15$1.70$0.72$0.72$0.00
2020Summary only. Only limited summary data is available for this year.$2.00$0.29$1.71$0.82$0.81$0.01
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.40$1.39$0.89$1.04$0.14
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.53$0.21$1.32$0.88$1.09$0.21
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.20$1.65$0.89$1.08$0.19
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.70$0.05$1.65$0.93$0.93$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.64$0.08$1.56$0.79$0.73$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.66$0.09$1.57$0.74$0.75$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.55$0.03$1.52$0.74$0.70$0.04
2012Summary only. Only limited summary data is available for this year.$1.18$0.03$1.15$0.70$0.77$0.08
2011Summary only. Only limited summary data is available for this year.$1.28$0.37$0.91$0.70$0.85$0.15
2010Summary only. Only limited summary data is available for this year.$1.36$0.26$1.10$0.70$0.67$0.04
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$1,675,267
Mission and Program Overview

Mission

The african studies association encourages the production and dissemination of knowledge about africa, past and present.

Encourages the production and dissemination of knowledge about africa, past and present.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,543,389$1,270,764▼ $272,625
Pledges and Grants Receivable$125,296$763,776▲ $638,480
Cash and Non-Interest-Bearing Accounts$89,460$263,150▲ $173,690
Accounts Receivable$78,654$143,281▲ $64,627
Land, Buildings, and Equipment, Net$4,883$18,401▲ $13,518
Prepaid Expenses and Deferred Charges$5,319$8,399▲ $3,080
Savings and Temporary Cash Investments$712$712→ $0
Total Assets$1,847,713$2,468,483▲ $620,770
Liabilities
Accounts Payable and Accrued Expenses$34,080$186,138▲ $152,058
Other Liabilities$95,300$92,632▼ $2,668
Deferred Revenue$18,210$2,510▼ $15,700
Total Liabilities$147,590$281,280▲ $133,690
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,308,492$1,919,073▲ $610,581
Net Assets With Donor Restrictions$391,631$268,130▼ $123,501
Total Net Assets Fund Balance$1,700,123$2,187,203▲ $487,080
Total Liabilities and Net Assets / Fund Balance$1,847,713$2,468,483▲ $620,770

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$18,401$215,090$233,491

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$178,876---$178,876
2021$162,979-▲ $23,317$7,420$178,876
2020$150,511-▲ $19,664$7,196$162,979
2019$131,716-▲ $25,765$6,970$150,511
2018$149,618-▼ $10,927$6,975$131,716
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alix SabaInterim Executive DirectorFT$116,432$43,998$160,430
Abdul Tejan ColeExecutive DirectorFT$33,581$10,815$44,396

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,237,005
Program Service Revenue
$405,819
Investment Income
$32,443
Other Revenue
$0
All Other Contributions
$1,006,210
Change in Net Assets
$862,408

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,675,267
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-296,032
Total Revenue per Audited Statements
$1,379,235
Total Revenue per Form 990
$1,675,267
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$564,350
Salaries, Compensation, and Employee Benefits$248,509
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$248,111$730-$248,841
Current Officers, Directors, Trustees, and Key Employees$141,243$8,770-$150,013
Fees for Services Other$91,529$57,884-$149,413
Other Employee Benefits$61,868$12,392-$74,260
Travel$64,116$3,408-$67,524
Information Technology$23,431$10,392-$33,823
Payroll Taxes$14,733$1,633-$16,366
Fees for Service Investment Mgmnt Fees-$9,000-$9,000
Other Salaries and Wages$7,410$460-$7,870
Insurance$4,570$3,044-$7,614
Other Expenses$6,750$375-$7,125
Depreciation Depletion-$2,314-$2,314
Interest-$27-$27
Total Functional Expenses$689,360$123,499$0$812,859

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$892,155
Expenses per Audited Statements$812,859
Total Expenses per Form 990$812,859
Expenses Not Reported on Form 990$79,296
Expenses Not Reported on Financial Statements$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Coordinate Organizations$92,632
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
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 6

Asa members are those persons who pay dues each year for membership. Members have the right to vote for officers and directors of the corporation and on such other matters as are presented to the membership.

Form 990, Part VI, Section A, Line 7A

Candidates for the office of director, who shall be members of the association, shall be nominated by the membership at large. Prior to the date of the annual business meeting of the members, the nominating committee shall nominate at least one (1) but not more than three (3) persons for each vacancy on the board. Such candidates shall be presented to the members of the corporation at the annual business meeting of the corporation and their names shall appear on the ballot as "board candidates". At-large candidates may be nominated by submitting their names to the executive director of the corporation no later than seventy-five (75) days following the annual business meeting and their names shall appear as "at-large candidates". The nomination of an "at-large" candidate must be supported by a petition containing the signatures of no less than twenty-five (25) members and a letter from the candidate indicating a willingness to stand for election. The election of the directors shall be supervised and administered by the elections committee which shall provide ballots to all members at least sixty (60) days prior to the annual business meeting. Each member in good standing shall be entitled to vote for one candidate for each vacancy on the board. Ballots must arrive at the office of the executive director of the corporation at least thirty (30) days prior to the annual business meeting. The candidate receiving the highest numbers of votes for each vacancy shall be elected. In the event of a tie vote, the elections committee shall hold a run-off election at the annual business meeting in accordance with the procedures to be determined by said committee.

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

The form 990 is presented in an electronic format to all board members for review and is discussed during the executive committee's teleconference.

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

Each board or staff member has a duty to place the interest of the organization foremost in any dealings with the organization and has a continuing responsibility to comply with the requirements of the conflict of interest policy. To implement the policy, board, committee or staff members of the organization will submit a signed conflict of interest statement and, if not previously disclosed, will make disclosure before any relevant board or committee action. If a board or staff member has an interest in a proposed transaction with the organization in the form of any personal financial interest in the transaction or in any organization involved in the transaction, or holds a position as a trustee, director, or officer in any such organization, he or she must make full disclosure of such interest before any discussion or negotiation of such transaction. Any board, committee or staff member who is aware of a potential conflict of interest with respect to any matter coming before the board or committee shall not be present for any discussion of or vote in connection with the matter.

Form 990, Part VI, Section B, Line 15A

The executive director's salary is determined annually based on several external studies on non-profit compensation. We also consult with the american council of learned societies for salary benchmarks for similar associations. The last compensation review was completed in 2020.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
African Studies Association Inc
EIN
58-1832301
Phone
8484458173
Address
54 JOYCE KILMER AVE, PISCATAWAY, NJ 08854

Signing Officer

Name
Alix Saba
Title
Interim Executive Director
Phone
8484458173
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alix Saba
Formed
1957
Legal Domicile
Nj
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
75

Preparer

Firm
Bbd Llp
Address
1835 MARKET STREET 3RD FLOOR, PHILADELPHIA, PA 19103
Preparer
Jennifer Solot
Phone
2155677770
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional fees: program service expenses 91,529. Management and general expenses 57,884. Fundraising expenses 0. Total expenses 149,413.

Raw XML AppendixShowing 400 of 559 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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