Civic Intelligence

Impact Africa Network Inc.

990EZ • Fiscal year 2020 • EIN 83-2020331

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 22, 2021

Organization ProfileN/A
1887 Hamilton AvenueSan Jose, CA 95125

(408) 461-7253

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

38th percentile

-1.2%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

78th percentile

$4,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

98th percentile

1139%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

98th percentile

333%

Faster revenue growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Up

$201,584

Up $185,313 (+1139%) from 2019

Net Assets

Up

$201,584

Up $185,313 (+1139%) from 2019

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin38th percentile

Revenue

Up

$182,886

Up $140,602 (+333%) from 2019

Expenses

Up

$185,079

Up $143,541 (+346%) from 2019

Net Income

Down

-$2,193

Down $2,939 (-394%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$800K$600K$400K$200K$0Assets 2019: $16,271Net Assets 2019: $16,2712019Assets 2020: $201,584Liabilities 2020: $0Net Assets 2020: $201,5842020Assets 2021: $313,261Liabilities 2021: $303,918Net Assets 2021: $9,3432021Assets 2022: $261,605Liabilities 2022: $66,825Net Assets 2022: $194,7802022Assets 2023: $382,602Liabilities 2023: $5,313Net Assets 2023: $377,2892023Assets 2024: $698,815Liabilities 2024: $91,489Net Assets 2024: $607,3262024

Highlighted filing

2020

Assets$201,584
Liabilities$0
Net Assets$201,584
Open 2020 Filing

Operations Trend

Revenue Growth98th percentile

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

$800K$600K$400K$200K$0-$200KRevenue 2019: $42,284Expenses 2019: $41,538Net Income 2019: $7462019Revenue 2020: $182,886Expenses 2020: $185,079Net Income 2020: -$2,1932020Revenue 2021: $463,057Expenses 2021: $458,697Net Income 2021: $4,3602021Revenue 2022: $553,397Expenses 2022: $544,726Net Income 2022: $8,6712022Revenue 2023: $737,945Expenses 2023: $571,374Net Income 2023: $166,5712023Revenue 2024: $702,831Expenses 2024: $468,034Net Income 2024: $234,7972024

Highlighted filing

2020

Revenue$182,886
Expenses$185,079
Net Income-$2,193
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 22, 2021
Return Version
2020v4.0
Gross Receipts
$182,886
Mission and Program Overview

Mission

Ensuring young talented Africans participate in the digital transformation of Africa as creators and owners.

Program Services

DescriptionGrantsExpenses
DIRECT PUBLIC SUPPORT - INDIVIDUAL CONTRIBUTION, DONATIONS AND CONTRIBUTION, FUNDRAISING AND SPONSERSHIP--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MARK KARAKECEOFT$4,000-$4,000
NAOMI KARAKECFOFT$0--
PATRICIA ONYANGOSecretaryFT$0--
Filing and Contact Details

Filer

Filer Name
Impact Africa Network INC
EIN
83-2020331
Address
1887 Hamilton Avenue, San Jose, CA 95125

Signing Officer

Name
Mark Karake
Title
President
Signed
2021-07-22
Discuss with paid preparer
Yes

Preparer

Firm
George Dimov CPA
Address
211 E 43rd Street Suite 628, NEW YORK, NY 10017
Preparer
George Dimov CPA
Phone
2126410673
Supplemental Narrative

Additional Explanations

Other Expenses.1

“Project management cost $167718”

Other Expenses.2

“General operating costs $13361”

Other Assets.1003

“Machinery and Equipment - Beginning $3011 Machinery and Equipment - Ending $4237”

Other Assets.1005

“Accounts Receivable - Beginning $1234 Accounts Receivable - Ending $0”

Raw XML Appendix140 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0San Jose
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095125
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt012026
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IRS990EZ/MethodOfAccountingCashInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt250.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt04000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1CFO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt04245
IRS990EZ/OtherAssetsTotalDetail/EOYAmt04237
IRS990EZ/OtherChangesInNetAssetsAmt0187506
IRS990EZ/OtherExpensesTotalAmt0181079
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Ensuring young talented Africans participate in the digital transformation of Africa as creators and owners.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DIRECT PUBLIC SUPPORT - INDIVIDUAL CONTRIBUTION, DONATIONS AND CONTRIBUTION, FUNDRAISING AND SPONSERSHIP
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt04000
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0185079
IRS990EZ/TotalRevenueAmt0182886
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0126137
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt023567
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0149704
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt0149704
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0126137
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt023567
IRS990ScheduleA/Total509Grp/TotalAmt0149704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0126137
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt023567
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0149704
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROJECT MANAGEMENT COST $167718
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GENERAL OPERATING COSTS $13361
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Machinery and Equipment - Beginning $3011 Machinery and Equipment - Ending $4237
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Receivable - Beginning $1234 Accounts Receivable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Assets.1005
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK KARAKE
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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Impact Africa Network INC
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ReturnHeader/Filer/EIN0832020331
ReturnHeader/Filer/USAddress/AddressLine1Txt01887 Hamilton Avenue
ReturnHeader/Filer/USAddress/CityNm0San Jose
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095125
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823109419
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010017
ReturnHeader/PreparerPersonGrp/PhoneNum02126410673
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GEORGE DIMOV CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-07-22T01:35:04-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KARAKE
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$201,584
Liabilities
$0
Net assets
$201,584
Revenue
$182,886
Expenses
$185,079
Net income
-$2,193
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.99$0.91$6.07$7.03$4.68$2.35
2023Detailed filing. Detailed filing data is available for this year.$3.83$0.05$3.77$7.38$5.71$1.67
2022Detailed filing. Detailed filing data is available for this year.$2.62$0.67$1.95$5.53$5.45$0.09
2021Detailed filing. Detailed filing data is available for this year.$3.13$3.04$0.09$4.63$4.59$0.04
2020Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$1.83$1.85$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.16$0.16$0.42$0.42$0.01