Civic Intelligence

Rafiki Foundation Incorporated

990 • Fiscal year 2022 • EIN 74-2477089

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 19, 2023

PO Box 1988Eustis, FL 32727

(352) 483-9131

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.07x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

27th percentile

$115,415

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

31st percentile

-5.3%

Faster asset growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

26th percentile

-11%

Faster revenue growth than 26% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Assets

Down

$22,250,426

Down $1,238,309 (-5.3%) from 2021

Net Assets

Down

$21,614,242

Down $1,824,735 (-7.8%) from 2021

Liabilities

Up

$636,184

Up $586,426 (+1179%) from 2021

Revenue

Down

$9,489,772

Down $1,129,387 (-11%) from 2021

Expenses

Up

$11,314,507

Up $1,528,915 (+16%) from 2021

Net Income

Down

-$1,824,735

Down $2,658,302 (-319%) from 2021

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $30,506,926Liabilities 2010: $596,518Net Assets 2010: $29,910,4082010Assets 2011: $27,049,770Liabilities 2011: $980,448Net Assets 2011: $26,069,3222011Assets 2012: $26,672,615Liabilities 2012: $732,635Net Assets 2012: $25,939,9802012Assets 2013: $26,227,828Liabilities 2013: $392,542Net Assets 2013: $25,835,2862013Assets 2014: $26,388,095Liabilities 2014: $779,315Net Assets 2014: $25,608,7802014Assets 2015: $25,828,625Liabilities 2015: $57,028Net Assets 2015: $25,771,5972015Assets 2016: $25,167,513Liabilities 2016: $43,656Net Assets 2016: $25,123,8572016Assets 2017: $24,471,479Liabilities 2017: $80,649Net Assets 2017: $24,390,8302017Assets 2018: $23,642,198Liabilities 2018: $146,092Net Assets 2018: $23,496,1062018Assets 2019: $22,181,737Liabilities 2019: $38,554Net Assets 2019: $22,143,1832019Assets 2020: $22,647,434Liabilities 2020: $42,024Net Assets 2020: $22,605,4102020Assets 2021: $23,488,735Liabilities 2021: $49,758Net Assets 2021: $23,438,9772021Assets 2022: $22,250,426Liabilities 2022: $636,184Net Assets 2022: $21,614,2422022Assets 2023: $21,829,765Liabilities 2023: $608,620Net Assets 2023: $21,221,1452023Assets 2024: $20,130,857Liabilities 2024: $515,477Net Assets 2024: $19,615,3802024

Highlighted filing

2022

Assets$22,250,426
Liabilities$636,184
Net Assets$21,614,242

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $7,830,5242010Expenses 2011: $11,422,8392011Expenses 2012: $8,569,6232012Revenue 2013: $8,313,201Expenses 2013: $8,516,026Net Income 2013: -$202,8252013Revenue 2014: $9,100,620Expenses 2014: $9,298,796Net Income 2014: -$198,1762014Revenue 2015: $9,019,838Expenses 2015: $8,697,078Net Income 2015: $322,7602015Revenue 2016: $7,960,060Expenses 2016: $8,712,982Net Income 2016: -$752,9222016Revenue 2017: $8,016,437Expenses 2017: $8,708,827Net Income 2017: -$692,3902017Revenue 2018: $8,470,579Expenses 2018: $9,300,134Net Income 2018: -$829,5552018Revenue 2019: $7,921,677Expenses 2019: $9,356,352Net Income 2019: -$1,434,6752019Revenue 2020: $9,146,875Expenses 2020: $8,670,211Net Income 2020: $476,6642020Revenue 2021: $10,619,159Expenses 2021: $9,785,592Net Income 2021: $833,5672021Revenue 2022: $9,489,772Expenses 2022: $11,314,507Net Income 2022: -$1,824,7352022Revenue 2023: $11,342,324Expenses 2023: $11,735,421Net Income 2023: -$393,0972023Revenue 2024: $10,178,243Expenses 2024: $11,784,008Net Income 2024: -$1,605,7652024

Highlighted filing

2022

Revenue$9,489,772
Expenses$11,314,507
Net Income-$1,824,735
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 19, 2023
Return Version
2022v5.0
Gross Receipts
$9,688,326
Mission and Program Overview

Mission

To help africans know god and to help them raise their standard of living with excellence and integrity. Rafiki is a christian, interdenominational mission organization incorporated in the united states. The foundation operates one rafiki training village in each of ten african countries. Rafiki's mission:training africans to transform africa for christ. Rafiki's vision: equipping a mulititude of africans to bring educational, biblical, and economic transformation to their continent. Rafiki's strategy: rafiki has established one model rafiki training village in each of the ten african countries where orphans are cared for and educated with christian, classical curriculum, leading to a vocation or college. In addition, each village has a prek-12 christian classical school for the orphans and disadvantaged children from the community. Plus seven of the ten rafiki villages contain a christian teacher's college providing tuition free teacher training. Lastly, rafiki partners with 23 africa

To help africans know god and to help them raise their standard of living with excellence and integrity. Rafiki is a christian, interdenominational mission organization incorporated in the united states. The foundation operates one rafiki training village in each of ten african countries. Rafiki's mission:training africans to transform africa for christ. Rafiki's vision: equipping a mulititude of africans to bring educational, biblical, and economic transformation to their continent. Rafiki's strategy: rafiki has established one model rafiki training village in each of the ten african countries where orphans are cared for and educated with christian, classical curriculum, leading to a vocation or college. In addition, each village has a pre k12 christian classical school for the orphans and disadvantaged children from the community. Plus seven of the ten rafiki villages contain a christian teacher's college providing tuition free teacher training. Lastly, rafiki partners with 23 africa

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,366,663$17,383,383▼ $983,280
Savings and Temporary Cash Investments-$3,115,094-
Cash and Non-Interest-Bearing Accounts$4,547,377$809,397▼ $3,737,980
Inventories for Sale or Use$158,496$181,494▲ $22,998
Prepaid Expenses and Deferred Charges$107,526$96,860▼ $10,666
Investments in Publicly Traded Securities$86,929$82,373▼ $4,556
Intangible Assets$2,146$1,610▼ $536
Accounts Receivable$105--
Total Assets$23,488,735$22,250,426▼ $1,238,309
Other Assets Total$219,493$580,215▲ $360,722
Liabilities
Other Liabilities-$580,215-
Accounts Payable and Accrued Expenses$49,758$55,969▲ $6,211
Total Liabilities$49,758$636,184▲ $586,426
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,577,978$19,565,759▼ $1,012,219
Net Assets With Donor Restrictions$2,860,999$2,048,483▼ $812,516
Total Net Assets Fund Balance$23,438,977$21,614,242▼ $1,824,735
Total Liabilities and Net Assets / Fund Balance$23,488,735$22,250,426▼ $1,238,309

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,119,936$20,512,296$35,632,232
Land$2,038,386-$2,038,386
Equipment$123,765$1,312,530$1,436,295
Other Land Buildings$101,296$293,749$395,045

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,860,999$6,107,908-$-6,920,424$2,048,483
2021$3,362,769$6,226,124-$-6,727,894$2,860,999
2020$2,413,459$5,702,089-$-4,752,779$3,362,769
2019$2,814,678$5,513,531-$-5,914,750$2,413,459
2018$2,444,960$6,411,303-$-6,041,585$2,814,678
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen ElliottCEO/exec DirectorFT$104,736$10,679$115,415
Dr Rosemary JensenPresidentPT$16,640$1,830$18,470

Board Members and Trustees

NameTitle
Carla NorthingtonDirector
David KumpeDirector
Dr Tim HokeDirector
Lanny NixonDirector
Mayhoward JohnstonDirector
Lisa HortonDirector (th
Dr Guy WatersSecretary (p
John C ChunnSecretary (t
Tom ShoquistTreasurer
Dr Dennis JohnsonVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$9,417,876
Program Service Revenue
$57,475
Investment Income
$15,708
Other Revenue
$-1,287
All Other Contributions
$9,417,876
Change in Net Assets
$-1,824,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,688,326
Revenue Not Reported on Financial Statements
$-198,554
Other Revenue Adjustments
$-198,554
Total Revenue per Audited Statements
$9,688,326
Total Revenue per Form 990
$9,489,772
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,721,498
Salaries, Compensation, and Employee Benefits$2,580,509
Total Fundraising Expense$256,565
Grants and Similar Amounts Paid$12,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,565,227$129,531$96,553$1,791,311
Depreciation Depletion$1,527,639$215,526$536$1,743,701
Other Employee Benefits$532,489$29,983$22,349$584,821
Office Expenses$184,565$109,411$14,176$308,152
All Other Expenses$225,801$11,129$39,018$275,948
Other Expenses$181,018$2,943$2,194$181,018
Current Officers, Directors, Trustees, and Key Employees$95,795$21,823$16,267$133,885
Occupancy$86,216$19,641$14,640$120,497
Information Technology$62,217$32,951$5,998$101,166
Travel$89,310$3,678$2,189$95,177
Payroll Taxes$50,437$11,490$8,565$70,492
Insurance$34,642$24,249$10,393$69,284
Fees for Services Accounting$20,474$8,844$3,644$32,962
Fees for Services Legal$19,799$4,511$3,362$27,672
Fees for Services Other$11,812$2,761$2,006$16,579
Conferences and Meetings--$14,675$14,675
Grants to Domestic Orgs$12,500--$12,500
Fees for Service Investment Mgmnt Fees-$61-$61
Total Functional Expenses$10,429,410$628,532$256,565$11,314,507

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,513,061
Expenses per Audited Statements$11,314,507
Total Expenses per Form 990$11,314,507
Expenses Not Reported on Form 990$198,554
International Activity

International Summary

Offices
10
Employees
47
Spending
$6,111,004

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram ServicesCHILDREN'S CENTERS1047$4,531,411
Sub-saharan AfricaProgram ServicesEducation--$687,651
Sub-saharan AfricaProgram ServicesOutreach--$510,407
Sub-saharan AfricaProgram ServicesRice Program--$181,018
Sub-saharan AfricaProgram ServicesMini-missions--$165,642
Sub-saharan AfricaProgram ServicesProjects--$34,875
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
Operating Lease Liabilities$580,215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
Yes
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, Page 6, Part VI, Line 11B

The board collectively reviews the form 990 and makes inquiry to their accountant regarding any questions they may have.

Form 990, Page 6, Part VI, Line 12C

The board members sign a conflict of interest policy every year. Any new contracts or purchases are reviewed by the ceo & head of finance. Thus any transactions involving board members and potential conflict of interest would be brought to the board.

Form 990, Page 6, Part VI, Line 15A

The organization researches and reviews executive and key employee compensation for other comparable not-for-profits, and the board makes final approval. Compensation reasonableness is reviewed on an annual basis by the board.

Form 990, Page 6, Part VI, Line 15B

The organization uses the same process as listed above.

Form 990, Page 6, Part VI, Line 19

Governing documents, policies, and financial statements as well as form 990 will be available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rafiki Foundation Inc
EIN
74-2477089
Phone
3524839131
Address
PO BOX 1988, EUSTIS, FL 32727

Signing Officer

Name
Karen Elliott
Title
CEO/exec Director
Phone
3524839131
Signed
2023-10-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen Elliott
Formed
1987
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
8
Employees
75
Volunteers
92

Preparer

Firm
Purvis Gray & Company Llp
Address
2347 SE 17TH STREET, OCALA, FL 34471
Preparer
Timothy M Westgate CPA
Phone
3527323872
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To help africans know god and to help them raise their standard of living with excellence and integrity. Rafiki is a christian, interdenominational mission organization incorporated in the united states. The foundation operates one rafiki training village in each of ten african countries. Rafiki's mission:training africans to transform africa for christ. Rafiki's vision: equipping a mulititude of africans to bring educational, biblical, and economic transformation to their continent. Rafiki's strategy: rafiki has established one model rafiki training village in each of the ten african countries where orphans are cared for and educated with christian, classical curriculum, leading to a vocation or college. In addition, each village has a pre k12 christian classical school for the orphans and disadvantaged children from the community. Plus seven of the ten rafiki villages contain a christian teacher's college providing tuition free teacher training. Lastly, rafiki partners with 23 africa denominations helping them provide economic relief to their poor women and widows by marketing handcrafts in the usa. All participants within the village and widows programs study the bible. Rafiki's work is located in ethiopia, ghana, kenya, liberia, malawi, nigeria, tanzania, uganda, and zambia. These countries have invited rafiki to come to the countries and have officially registered the foundation as an ngo. Each village has a minimum of seven cottages, four school buildings, a dining hall, four missionary residences, the advanced learning institute complex (three buildings), and guest house for a total of twenty buildings minimum. Each village is built on approximately fifty acres and has a garden, playing field, playground equipment, and storage buildings. The villages are selfsufficient with their own generators and borehole water supply.

Form 990, Page 2, Part III, Line 4A

Rafiki has been serving in africa over 30 years and is helping africans to know god and raise their standard of living through bible study and education with excellence and integrity. This work is overseen by the staff at the rafiki home office in eustis, florida and the 42 missionaries out in the field in africa. Rafiki operates in ten african countries and has built a rafiki training village in each of the ten countries. Each village consists of anywhere from 20 to 30 buildings. Rafiki has five programs: 1. Education 2. Advanced learning institute 3. Childcare (orphan care) 4. Bible study 5. Widows classical schools-one k-12 school at each of its ten villages. These schools provide a high quality education for both resident children and day students from the community. The rafiki schools currently educate more than 2,951 students which includes the 552 orphans living at the rafiki villages and over 2,399 impoverished day students from the surrounding communities. The children are taught using rafiki's christian classical curriculum which has been developed specifically for africa. This curriculum provides both textbooks and lesson plans and has been written to international standards, incorporating african national syllabus requirements. All courses are written from a biblical world-view and are culturally relevant to africa. The schools not only provide a high quality education in core courses in mathematics, language arts, and sciences, but also in athletics, art, music, and vocational courses. Students graduate with a well-rounded education, critical thinking skills, and tools for lifelong learning. The advanced learning institute program (currently operating in 7 of rafiki's 10 countries and has over 123 students) is the capstone of rafiki's educational program, providing post-secondary education for adults in teacher training, business, music, and art. The first part of this program was launched in 2013 and is training future educators for african church schools through the rafiki institute of classical education. This three-year course is programmed learning on a computer with a combination of lecture, discussion, computer-based, and practicums at rafiki's k-12 school. Students receive courses in computer, keyboard, classroom management, early childhood development, record-keeping, art, music, english, math, science, and world history. With unemployment running as high as 70% in these ten countries, and with the great need for better education, this program will supply two major needs: jobs and quality schools for rafiki's african church partners. The participants will not only be educated through the classroom materials but will also participate in a practicum at rafiki's school. Upon completion of the course, they receive a complete set of rafiki's curriculum and bible study to use in one of rafiki's african partner church schools. The childcare program provides a permanent home for orphans within each of the ten rafiki villages. Each village is equipped to provide complete care for up to 100 children, including housing, clothing, meals, education, recreation, and medical care. At december 2022, rafiki is home to a total of 573 children, ranging in age from nine to twenty-four, who live at the ten villages. These children are raised in a family-like setting with ten children living in a cottage with a trained african woman who serves as their mother. The rafiki mothers are trained and supervised by a qualified childcare administrator (a missionary) who oversees their work. Rafiki provides a christian classical education to these children from preschool through grade 12. When the children graduate from high school, they are enrolled in college or vocational programs so that they can live independently and become godly contributors in their home countries. The rafiki bible study program provides a comprehensive bible study (553 weeks of lessons covering all sixty-six books of the bible), primarily for rafiki's k-12 sch

Form 990, Part V, Line 4B

Ethiopia, ghana, kenya, liberia, malawi, nigeria, rwanda, tanzania, uganda, zambia

Form 990, Part XI, Line 9

Cost of goods sold 198,554 cost of goods sold -198,554

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Construction - 363,430 mini-missions - 93,113 outreach (missionaries) - 1,285,188 discretionary - 80,000 rosemary jensen bible foundatino - 218,138 other - 8,614

Schedule D, Page 4, Part XI, Line 4B

Cost of goods sold -198,554

Schedule D, Page 4, Part XII, Line 2D

Cost of goods sold 198,554

Schedule D, Page 4, Part XIII

Part v, endowment funds, has been completed for the current year and the four preceding years to provide the required details for donor restricted funds.

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IRS990/ActivityOrMissionDesc0TO HELP AFRICANS KNOW GOD AND TO HELP THEM RAISE THEIR STANDARD OF LIVING WITH EXCELLENCE AND INTEGRITY. RAFIKI IS A CHRISTIAN, INTERDENOMINATIONAL MISSION ORGANIZATION INCORPORATED IN THE UNITED STATES. THE FOUNDATION OPERATES ONE RAFIKI TRAINING VILLAGE IN EACH OF TEN AFRICAN COUNTRIES. RAFIKI'S MISSION:TRAINING AFRICANS TO TRANSFORM AFRICA FOR CHRIST. RAFIKI'S VISION: EQUIPPING A MULITITUDE OF AFRICANS TO BRING EDUCATIONAL, BIBLICAL, AND ECONOMIC TRANSFORMATION TO THEIR CONTINENT. RAFIKI'S STRATEGY: RAFIKI HAS ESTABLISHED ONE MODEL RAFIKI TRAINING VILLAGE IN EACH OF THE TEN AFRICAN COUNTRIES WHERE ORPHANS ARE CARED FOR AND EDUCATED WITH CHRISTIAN, CLASSICAL CURRICULUM, LEADING TO A VOCATION OR COLLEGE. IN ADDITION, EACH VILLAGE HAS A PRE K12 CHRISTIAN CLASSICAL SCHOOL FOR THE ORPHANS AND DISADVANTAGED CHILDREN FROM THE COMMUNITY. PLUS SEVEN OF THE TEN RAFIKI VILLAGES CONTAIN A CHRISTIAN TEACHER'S COLLEGE PROVIDING TUITION FREE TEACHER TRAINING. LASTLY, RAFIKI PARTNERS WITH 23 AFRICA
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$20.1$0.52$19.6$10.2$11.8$1.61
2023Detailed filing. Detailed filing data is available for this year.$21.8$0.61$21.2$11.3$11.7$0.39
2022Detailed filing. Detailed filing data is available for this year.$22.3$0.64$21.6$9.49$11.3$1.82
2021Detailed filing. Detailed filing data is available for this year.$23.5$0.05$23.4$10.6$9.79$0.83
2020Detailed filing. Detailed filing data is available for this year.$22.6$0.04$22.6$9.15$8.67$0.48
2019Detailed filing. Detailed filing data is available for this year.$22.2$0.04$22.1$7.92$9.36$1.43
2018Detailed filing. Detailed filing data is available for this year.$23.6$0.15$23.5$8.47$9.30$0.83
2017Detailed filing. Detailed filing data is available for this year.$24.5$0.08$24.4$8.02$8.71$0.69
2016Detailed filing. Detailed filing data is available for this year.$25.2$0.04$25.1$7.96$8.71$0.75
2015Detailed filing. Detailed filing data is available for this year.$25.8$0.06$25.8$9.02$8.70$0.32
2014Detailed filing. Detailed filing data is available for this year.$26.4$0.78$25.6$9.10$9.30$0.20
2013Detailed filing. Detailed filing data is available for this year.$26.2$0.39$25.8$8.31$8.52$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.7$0.73$25.9$8.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$0.98$26.1$11.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.5$0.60$29.9$7.83