Civic Intelligence

Africas Brain Bank

990 • Fiscal year 2021 • EIN 83-2543964

Jan 01, 2021 to Dec 31, 2021 • Filed on Jan 18, 2023

Organization Profile
8544 West BelfortHouston, TX 77071

(713) 657-0456

Siviq Scores

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

Liabilities / Assets

94th percentile

0.91x

Higher debt load relative to assets than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

94th percentile

1.00x

Higher debt load relative to revenue than 94% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

51st percentile

9.3%

Higher net margin than 51% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

86th percentile

74%

Faster asset growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

30th percentile

-21%

Faster revenue growth than 30% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$211,727

Up $90,007 (+74%) from 2020

Net Assets

Up

$18,048

Up $27,998 (+281%) from 2020

Liabilities

Up

$193,679

Up $62,009 (+47%) from 2020

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin51st percentile

Revenue

Down

$193,679

Down $51,267 (-21%) from 2020

Expenses

Down

$175,631

Down $79,265 (-31%) from 2020

Net Income

Up

$18,048

Up $27,998 (+281%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$300K$200K$100K$0-$100KAssets 2019: $32,113Liabilities 2019: $0Net Assets 2019: $32,1132019Assets 2020: $121,720Liabilities 2020: $131,670Net Assets 2020: -$9,9502020Assets 2021: $211,727Liabilities 2021: $193,679Net Assets 2021: $18,0482021

Highlighted filing

2021

Assets$211,727
Liabilities$193,679
Net Assets$18,048
Open 2021 Filing

Operations Trend

Revenue Growth30th percentile

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

$300K$200K$100K$0-$100KRevenue 2019: $135,497Expenses 2019: $103,384Net Income 2019: $32,1132019Revenue 2020: $244,946Expenses 2020: $254,896Net Income 2020: -$9,9502020Revenue 2021: $193,679Expenses 2021: $175,631Net Income 2021: $18,0482021

Highlighted filing

2021

Revenue$193,679
Expenses$175,631
Net Income$18,048
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jan 18, 2023
Return Version
2021v4.2
Gross Receipts
$193,679
Mission and Program Overview

Mission

Organized africans for community outreach and development

Outreach to african in the diaspora, to educate, empower and give guidance

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$24,048-
Rtn Earn Endowment Incm Other Fnds-$18,048-
Total Assets$0$211,727▲ $211,727
Other Assets Total-$187,679-
Liabilities
Other Liabilities-$193,679-
Total Liabilities$0$193,679▲ $193,679
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$18,048▲ $18,048
Total Liabilities and Net Assets / Fund Balance$0$211,727▲ $211,727
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Pamela FomunungCEO
Revenue and Support

Revenue Composition

Contributions and Grants
$173,924
Program Service Revenue
$19,755
Investment Income
$0
Other Revenue
$0
All Other Contributions
$173,924
Change in Net Assets
$18,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$85,202
Salaries, Compensation, and Employee Benefits$74,031
Professional Fundraising Fees$8,335
Total Fundraising Expense$8,335
Grants and Similar Amounts Paid$8,063

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$21,053$46,854-$67,907
Occupancy-$12,000-$12,000
Travel$9,934--$9,934
Information Technology-$9,387-$9,387
Office Expenses-$9,367-$9,367
Conferences and Meetings-$9,110-$9,110
Fees for Services Professional Fundraising--$8,335$8,335
Grants to Domestic Individuals$8,063--$8,063
Fees for Services Other$7,995--$7,995
Fees for Services Accounting-$6,750-$6,750
Fees for Services Legal$2,800$3,362-$6,162
Payroll Taxes-$6,124-$6,124
Insurance-$5,664-$5,664
Fees for Services Management$4,733--$4,733
Advertising-$4,100-$4,100
Total Functional Expenses$54,578$112,718$8,335$175,631
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$8,335
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
Yes
Management duties delegated
No

Governance Explanations

PART VI, SECTION A, LINE 7A

“three”

Part VI, Section C, Line 19

“By email”

Filing and Contact Details

Filer

Filer Name
Africas Brain Bank
EIN
83-2543964
Phone
7136570456
Address
8544 WEST BELFORT, HOUSTON, TX 77071

Signing Officer

Name
Pamela Fomunung
Title
CEO
Phone
7136570456
Signed
2023-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pamela Fomunung
Formed
2018
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Trinity Accounting and Tax Services
Address
14829 BELLAIRE BLVD SUITE 13B, HOUSTON, TX 77083
Preparer
Solange Gabice
Phone
2815560002
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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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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$211,727
Liabilities
$193,679
Net assets
$18,048
Revenue
$193,679
Expenses
$175,631
Net income
$18,048
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$2.12$1.94$0.18$1.94$1.76$0.18
2020Detailed filing. Detailed filing data is available for this year.$1.22$1.32$0.10$2.45$2.55$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.32$0.00$0.32$1.35$1.03$0.32