Liabilities / Assets
50th percentile
Higher debt load relative to assets than 50% of similar nonprofits.
Africaid Inc
EIN 84-1549841 • 501(c)3 • Denver, CO
Profile
Africaid is a nonprofit organization that supports girls' education in africa in order to provide young women with the opportunity to transform their lives and the futures of their communities.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.02x
Liabilities / Revenue
56th percentile
Higher debt load relative to revenue than 56% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 26.6% of source-year revenue.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
82nd percentile
Faster revenue growth than 82% of similar nonprofits.
Balance Sheet
Assets
Down$734,819
Down $91,524 (-11%) from 2023
Liabilities
Down$11,374
Down $7,655 (-40%) from 2023
Net Assets
Down$723,445
Down $83,869 (-10%) from 2023
Revenue
Up$411,956
Up $138,215 (+50%) from 2023
Expenses
Down$495,825
Down $21,878 (-4.2%) from 2023
Net Income
Up-$83,869
Up $160,093 (+66%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $734,819
- Liabilities
- $11,374
- Net assets
- $723,445
- Revenue
- $411,956
- Expenses
- $495,825
- Net income
- -$83,869
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- May 9, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $420,654
Mission and Program Overview
Mission
Africaid is a nonprofit organization that supports girls' education in africa in order to provide young women with the opportunity to transform their lives and the futures of their communities.
We partner locally to ensure that girls have the knowledge, tools, mentorship and support to confidently design their own futures.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $556,748 | $525,996 | ▼ $30,752 |
| Cash and Non-Interest-Bearing Accounts | $219,595 | $208,823 | ▼ $10,772 |
| Pledges and Grants Receivable | $50,000 | - | - |
| Total Assets | $826,343 | $734,819 | ▼ $91,524 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $19,029 | $11,374 | ▼ $7,655 |
| Total Liabilities | $19,029 | $11,374 | ▼ $7,655 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $732,314 | $698,445 | ▼ $33,869 |
| Net Assets With Donor Restrictions | $75,000 | $25,000 | ▼ $50,000 |
| Total Net Assets Fund Balance | $807,314 | $723,445 | ▼ $83,869 |
| Total Liabilities and Net Assets / Fund Balance | $826,343 | $734,819 | ▼ $91,524 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jessica Love | Executive Di | FT | $106,193 | $3,186 | $109,379 |
Board Members and Trustees
| Name | Title |
|---|---|
| Katie Flanagan | President |
| Michael Eber | President |
| Ashley Carter | Director |
| Babette Groves | Director |
| Josephine Masandika | Director |
| Rebekah Josefy | Director |
| Rodney Bell | Director |
| Tom Leonard | Director |
| Melanie Terwoord | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $375,343
- Program Service Revenue
- $0
- Investment Income
- $18,381
- Other Revenue
- $18,232
- All Other Contributions
- $291,361
- Change in Net Assets
- $-83,869
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $411,956
- Revenue Not Reported on Form 990
- $13,000
- Total Revenue per Audited Statements
- $424,956
- Total Revenue per Form 990
- $411,956
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $213,275 |
| Grants and Similar Amounts Paid | $191,184 |
| Total Fundraising Expense | $96,867 |
| Other Expenses | $91,366 |
| Professional Fundraising Fees | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Foreign Grants | $191,184 | - | - | $191,184 |
| Current Officers, Directors, Trustees, and Key Employees | $37,951 | $34,602 | $36,826 | $109,379 |
| Other Salaries and Wages | $29,916 | $27,231 | $29,046 | $86,193 |
| Fees for Services Other | $18,073 | $1,510 | $16,698 | $36,281 |
| Travel | $19,960 | $296 | $330 | $20,586 |
| Payroll Taxes | $5,193 | $5,067 | $4,972 | $15,232 |
| Office Expenses | $1,385 | $2,757 | $6,246 | $10,388 |
| Fees for Services Accounting | - | $10,349 | - | $10,349 |
| Conferences and Meetings | $2,741 | $293 | $23 | $3,057 |
| Insurance | - | $2,936 | - | $2,936 |
| Information Technology | $1,152 | $1,155 | $365 | $2,672 |
| Pension Plan Contributions | $854 | $811 | $806 | $2,471 |
| Occupancy | - | $1,815 | - | $1,815 |
| Other Expenses | $468 | $395 | $369 | $1,232 |
| Total Functional Expenses | $309,094 | $89,864 | $96,867 | $495,825 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $508,825 |
| Expenses per Audited Statements | $495,825 |
| Total Expenses per Form 990 | $495,825 |
| Expenses Not Reported on Form 990 | $13,000 |
International Activity
International Summary
- Offices
- 1
- Employees
- 1
- Spending
- $191,184
International Compliance
- Foreign grant records maintained
- Yes
- 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
| Region | Activity | Services | Offices | Employees | Spending |
|---|---|---|---|---|---|
| Sub-saharan Africa | Grants to Recipients | Educational | 1 | 1 | $191,184 |
Fundraising, Events, and Gaming
- Fundraising activities
- Yes
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $26,930 |
| Fundraising Direct Expenses | $8,698 |
| Professional Fundraising Fees | $0 |
Fundraising Events
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Gala | $110,912 | $26,930 | $8,698 | $18,232 |
| Total Events | $110,912 | $26,930 | $8,698 | $18,232 |
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
- Annual disclosure for covered persons
- Yes
- Audit committee
- 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, Page 6, Part VI, Line 11B
“The form 990 is provided to the board of directors for review prior to filing with the irs.”
Form 990, Page 6, Part VI, Line 12C
“Board members are required to sign a conflict of interest disclosure statement.”
Form 990, Page 6, Part VI, Line 15A
“Compensation for the executive director is determined by review of the colorado nonprofit association salary survey and is approved by the board of directors.”
Form 990, Page 6, Part VI, Line 19
“Governing and financial documents are available upon request. The form 990 is available on the organization's website, and at guidestar.com.”
Filing and Contact Details
Filer
- Filer Name
- Daring Girls
- EIN
- 84-1549841
- Phone
- 3033514928
- Address
- 1031 33RD STREET, DENVER, CO 80205
Signing Officer
- Name
- Melanie Terwoord
- Title
- Treasurer
- Phone
- 3033514928
- Signed
- 2025-05-09
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Melanie Terwoord
- Formed
- 2000
- Legal Domicile
- Co
- Voting Board Members
- 9
- Independent Board Members
- 9
- Employees
- 3
- Volunteers
- 20
Preparer
- Firm
- Taylor Roth and Company
- Address
- 1580 LINCOLN ST STE 520, DENVER, CO 80203-1517
- Preparer
- Ken Roth
- Phone
- 3038308109
Supplemental Narrative
Additional Explanations
Form 990, Page 2, Part III, Line 4A
“Daring girls supports the implementation of two mentoring programs. Kisa project is a two-year leadership course led locally in tanzania by glami. The program prepares girls in their last two years of secondary school to attend university and create positive social change in their communities. Binti shupavu is a four-year life skills course led locally in tanzania by glami for lower secondary school girls covering topics such as study skills, personal leadership, health, and self-confidence. It is tailored to address key challenges that lead to hundreds of thousands of vulnerable girls dropping out of secondary school each year, with the goal of increasing their graduation rates. Daring girls was historically the primary funding source for glami in implementing both programs, but long- term grantors now mainly provide funding directly to glami, underscoring the strength of this programming and how it is managed by local leadership.”
Form 990, Page 2, Part III, Line 4B
“In 2023, in partnership with glami, daring girls expanded support for the binti shupavu mentoring program through a new pilot program that seeks to demonstrate that these time tested, successful girls' mentoring programs can be contextualized and implemented anywhere. Together we selected our first pilot partner in kenya, the centre for women empowerment in technology (cwe-tech). They receive implementation funding from daring girls as well as in-person and ongoing virtual training and technical assistance from daring girls and glami, to localize curriculum framework to ensure it is tailored to the specific needs of girls in murang'a county, kenya, where cwe-tech operates. In 2024, we announced two additional partners that will round out our pilot of three organizations in three different countries that are localizing and implementing this curriculum.”
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| IRS990/MissionDesc | 0 | WE PARTNER LOCALLY TO ENSURE THAT GIRLS HAVE THE KNOWLEDGE, TOOLS, MENTORSHIP AND SUPPORT TO CONFIDENTLY DESIGN THEIR OWN FUTURES. |
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| IRS990/PrincipalOfficerNm | 0 | MELANIE TERWOORD |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | IN 2023, IN PARTNERSHIP WITH GLAMI, DARING GIRLS EXPANDED SUPPORT FOR THE BINTI SHUPAVU MENTORING PROGRAM THROUGH A NEW PILOT PROGRAM THAT SEEKS TO DEMONSTRATE THAT THESE TIME TESTED, SUCCESSFUL GIRLS' MENTORING PROGRAMS CAN BE CONTEXTUALIZED AND IMPLEMENTED ANYWHERE. TOGETHER WE SELECTED OUR FIRST PILOT PARTNER IN KENYA, THE CENTRE FOR WOMEN EMPOWERMENT IN TECHNOLOGY (CWE-TECH). THEY RECEIVE IMPLEMENTATION FUNDING FROM DARING GIRLS AS WELL AS IN-PERSON AND ONGOING VIRTUAL TRAINING AND TECHNICAL ASSISTANCE FROM DARING GIRLS AND GLAMI, TO LOCALIZE CURRICULUM FRAMEWORK TO ENSURE IT IS TAILORED TO THE SPECIFIC NEEDS OF GIRLS IN MURANG'A COUNTY, KENYA, WHERE CWE-TECH OPERATES. IN 2024, WE ANNOUNCED TWO ADDITIONAL PARTNERS THAT WILL ROUND OUT OUR PILOT OF THREE ORGANIZATIONS IN THREE DIFFERENT COUNTRIES THAT ARE LOCALIZING AND IMPLEMENTING THIS CURRICULUM. |
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| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 10000 |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | IN ADDITION TO KISA PROJECT AND BINTI SHUPAVU, DARING GIRLS SUPPORTS A HANDFUL OF SMALLER LEGACY PROGRAMS THAT PROVIDE EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN TANZANIA. DARING GIRLS PROVIDES SCHOLARSHIPS FOR STUDENTS IN SECONDARY SCHOOL AND UNIVERSITY AND FUNDS A SCHOOL LUNCH PROGRAM FOR A PRIMARY SCHOOL IN A RURAL MAASAI COMMUNITY. |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 820867 |
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| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt | 0 | SUB-SAHARAN AFRICA |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt | 0 | EDUCATIONAL |
| IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt | 0 | GRANTS TO RECIPIENTS |
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| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt | 2 | 10000 |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt | 3 | 5910 |
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| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt | 1 | WIRE TRANSFER |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt | 2 | WIRE TRANSFER |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt | 3 | WIRE TRANSFER |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt | 0 | EDUCATION |
| IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt | 1 | SCHOOL LUNCHES |
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| IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt | 0 | SUB-SAHARAN AFRICA 191,184 0 |
| IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE F, PAGE 1, PART I, LINE 3 |
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| IRS990ScheduleF/TotalEmployeeCnt | 0 | 1 |
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| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | 18232 |
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| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DARING GIRLS SUPPORTS THE IMPLEMENTATION OF TWO MENTORING PROGRAMS. KISA PROJECT IS A TWO-YEAR LEADERSHIP COURSE LED LOCALLY IN TANZANIA BY GLAMI. THE PROGRAM PREPARES GIRLS IN THEIR LAST TWO YEARS OF SECONDARY SCHOOL TO ATTEND UNIVERSITY AND CREATE POSITIVE SOCIAL CHANGE IN THEIR COMMUNITIES. BINTI SHUPAVU IS A FOUR-YEAR LIFE SKILLS COURSE LED LOCALLY IN TANZANIA BY GLAMI FOR LOWER SECONDARY SCHOOL GIRLS COVERING TOPICS SUCH AS STUDY SKILLS, PERSONAL LEADERSHIP, HEALTH, AND SELF-CONFIDENCE. IT IS TAILORED TO ADDRESS KEY CHALLENGES THAT LEAD TO HUNDREDS OF THOUSANDS OF VULNERABLE GIRLS DROPPING OUT OF SECONDARY SCHOOL EACH YEAR, WITH THE GOAL OF INCREASING THEIR GRADUATION RATES. DARING GIRLS WAS HISTORICALLY THE PRIMARY FUNDING SOURCE FOR GLAMI IN IMPLEMENTING BOTH PROGRAMS, BUT LONG- TERM GRANTORS NOW MAINLY PROVIDE FUNDING DIRECTLY TO GLAMI, UNDERSCORING THE STRENGTH OF THIS PROGRAMMING AND HOW IT IS MANAGED BY LOCAL LEADERSHIP. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | IN 2023, IN PARTNERSHIP WITH GLAMI, DARING GIRLS EXPANDED SUPPORT FOR THE BINTI SHUPAVU MENTORING PROGRAM THROUGH A NEW PILOT PROGRAM THAT SEEKS TO DEMONSTRATE THAT THESE TIME TESTED, SUCCESSFUL GIRLS' MENTORING PROGRAMS CAN BE CONTEXTUALIZED AND IMPLEMENTED ANYWHERE. TOGETHER WE SELECTED OUR FIRST PILOT PARTNER IN KENYA, THE CENTRE FOR WOMEN EMPOWERMENT IN TECHNOLOGY (CWE-TECH). THEY RECEIVE IMPLEMENTATION FUNDING FROM DARING GIRLS AS WELL AS IN-PERSON AND ONGOING VIRTUAL TRAINING AND TECHNICAL ASSISTANCE FROM DARING GIRLS AND GLAMI, TO LOCALIZE CURRICULUM FRAMEWORK TO ENSURE IT IS TAILORED TO THE SPECIFIC NEEDS OF GIRLS IN MURANG'A COUNTY, KENYA, WHERE CWE-TECH OPERATES. IN 2024, WE ANNOUNCED TWO ADDITIONAL PARTNERS THAT WILL ROUND OUT OUR PILOT OF THREE ORGANIZATIONS IN THREE DIFFERENT COUNTRIES THAT ARE LOCALIZING AND IMPLEMENTING THIS CURRICULUM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY REVIEW OF THE COLORADO NONPROFIT ASSOCIATION SALARY SURVEY AND IS APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST. THE FORM 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, AND AT GUIDESTAR.COM. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
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| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
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| IRS990/TotalAssetsEOYAmt | 0 | 734819 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 826343 |
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