Civic Intelligence

Africa Future Foundation

EIN 83-4396614 • 501(c)3 • Fullerton, CA

Profile

Providing medical, educational, charitable support to african people and healthcare organizations

1011 Laguna TerraceFullerton, CA 92835

n/A

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.00x

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

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

58th percentile

8.6%

Higher net margin than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

58th percentile

$12,000

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

83rd percentile

33%

Faster asset growth than 83% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

86th percentile

65%

Faster revenue growth than 86% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$204,104

Up $50,947 (+33%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$204,104

Up $50,947 (+33%) from 2023

Revenue

Up

$591,516

Up $232,773 (+65%) from 2023

Expenses

Up

$540,569

Up $247,613 (+85%) from 2023

Net Income

Down

$50,947

Down $14,840 (-23%) from 2023

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2020: $88,479Liabilities 2020: $0Net Assets 2020: $88,4792020Assets 2021: $82,976Liabilities 2021: $0Net Assets 2021: $82,9762021Assets 2022: $87,370Liabilities 2022: $0Net Assets 2022: $87,3702022Assets 2023: $153,157Liabilities 2023: $0Net Assets 2023: $153,1572023Assets 2024: $204,104Liabilities 2024: $0Net Assets 2024: $204,1042024

Highlighted filing

2024

Assets$204,104
Liabilities$0
Net Assets$204,104

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $111,250Expenses 2020: $46,087Net Income 2020: $65,1632020Revenue 2021: $145,890Expenses 2021: $151,393Net Income 2021: -$5,5032021Revenue 2022: $145,490Expenses 2022: $141,096Net Income 2022: $4,3942022Revenue 2023: $358,743Expenses 2023: $292,956Net Income 2023: $65,7872023Revenue 2024: $591,516Expenses 2024: $540,569Net Income 2024: $50,9472024

Highlighted filing

2024

Revenue$591,516
Expenses$540,569
Net Income$50,947

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.1
Gross Receipts
$591,516
Mission and Program Overview

Mission

Providing charitable support to africa

Providing medical, educational, charitable support to african people and healthcare organizations

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,157$204,104▲ $50,947
Total Assets$153,157$204,104▲ $50,947
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$153,157$204,104▲ $50,947
Total Net Assets Fund Balance$153,157$204,104▲ $50,947
Total Liabilities and Net Assets / Fund Balance$153,157$204,104▲ $50,947
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Sam Jin NaCFOPT$12,000$12,000

Board Members and Trustees

NameTitle
Hong Sik KimCEO
Sam Jin NaSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$591,516
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$591,516
Change in Net Assets
$50,947
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$363,788
Other Expenses$163,513
Salaries, Compensation, and Employee Benefits$13,268
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$363,788--$363,788
Other Expenses$84,006$1,050-$84,006
Conferences and Meetings$65,000--$65,000
Current Officers, Directors, Trustees, and Key Employees-$12,000-$12,000
Office Expenses-$3,051-$3,051
Fees for Services Accounting-$1,550-$1,550
Payroll Taxes-$1,268-$1,268
Total Functional Expenses$521,650$18,919$0$540,569
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 governing body review Part VI line 11

The board of directs review Form 990 before its filing.

Governing documents etc available to public Part VI line 19

The governing documents (bylaws) are available to the public at request.

Filing and Contact Details

Filer

Filer Name
Africa Future Foundation
EIN
83-4396614
In Care Of
% SAM JIN NA
Address
1011 LAGUNA TERRACE, Fullerton, CA 92835

Signing Officer

Name
Sam Jin Na
Title
CFO
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Formed
2019
Legal Domicile
CA
Voting Board Members
2
Independent Board Members
2
Employees
1
Volunteers
6

Preparer

Firm
Peter Chae CPA
Address
14752 Beach Blvd Ste 234, La Mirada, CA 90638
Preparer
Myungsik Chae
Phone
7142026991
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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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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