Civic Intelligence

New Africa Fund Inc

EIN 87-1432573 • 501(c)3 • Boca Raton, FL

Profile

The New Africa Fund, Inc. (the CORPORATION) is a grant-making, non-operating foundation that was created to assist organizations in Africa withprojects to benefit communities and residents. The Board of Directors of the Corporation will determine organizations and projects to be assisted. TheBoard of Directors and the officers of the Corporation will donate so much of the net income earned by the Corporation and the principals thereof asthey deem appropriate to qualify as an Internal Revenue Code (Code) Section 501(c)(3) charitable organization and, to the extent it is a privatefoundation, to avoid tax under Code Section 4942 for failure to satisfy the Corporation's annual minimum distribution requirement. The initial projectswill be with a locally registered nongovernmental organization (NGO) in Togo called CECODRI. Some previous projects by CECODRI include renovationsto the public library in Pagouda, Togo and repair and installation of water pumps to provide potable water to the resi

5269 Princeton WayBoca Raton, FL 33496

www.newafricafund.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

60th percentile

9.5%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

77th percentile

19%

Faster asset growth than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

99th percentile

804%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$1,362,967

Up $205,313 (+18%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,362,967

Up $205,313 (+18%) from 2023

Operations
Liabilities / Revenue19th percentileNet Margin60th percentile

Revenue

Up

$1,177,282

Up $523,592 (+80%) from 2023

Expenses

Up

$1,065,971

Up $508,993 (+91%) from 2023

Net Income

Up

$111,311

Up $14,599 (+15%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth77th percentile

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

$1.5M$1.0M$500K$0Assets 2021: $1,008,477Liabilities 2021: $0Net Assets 2021: $1,008,4772021Assets 2022: $962,393Liabilities 2022: $0Net Assets 2022: $962,3932022Assets 2023: $1,157,654Liabilities 2023: $0Net Assets 2023: $1,157,6542023Assets 2024: $1,362,967Liabilities 2024: $0Net Assets 2024: $1,362,9672024

Highlighted filing

2024

Assets$1,362,967
Liabilities$0
Net Assets$1,362,967
Open 2024 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2021: $1,009,820Expenses 2021: $1,343Net Income 2021: $1,008,4772021Revenue 2022: $14,407Expenses 2022: $300,821Net Income 2022: -$286,4142022Revenue 2023: $653,690Expenses 2023: $556,978Net Income 2023: $96,7122023Revenue 2024: $1,177,282Expenses 2024: $1,065,971Net Income 2024: $111,3112024

Highlighted filing

2024

Revenue$1,177,282
Expenses$1,065,971
Net Income$111,311
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,362,967
Liabilities
$0
Net assets
$1,362,967
Revenue
$1,177,282
Expenses
$1,065,971
Net income
$111,311
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.00$1.36$1.18$1.07$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.00$1.16$0.65$0.56$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.96$0.01$0.30$0.29
2021Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$1.01$0.00$1.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$1,177,282
Mission and Program Overview

Mission

The New Africa Fund, Inc. (the CORPORATION) is a grant-making, non-operating foundation that was created to assist organizations in Africa withprojects to benefit communities and residents. The Board of Directors of the Corporation will determine organizations and projects to be assisted. TheBoard of Directors and the officers of the Corporation will donate so much of the net income earned by the Corporation and the principals thereof asthey deem appropriate to qualify as an Internal Revenue Code (Code) Section 501(c)(3) charitable organization and, to the extent it is a privatefoundation, to avoid tax under Code Section 4942 for failure to satisfy the Corporation's annual minimum distribution requirement. The initial projectswill be with a locally registered nongovernmental organization (NGO) in Togo called CECODRI. Some previous projects by CECODRI include renovationsto the public library in Pagouda, Togo and repair and installation of water pumps to provide potable water to the resi

The New Africa Fund is a registered US charity committed to supporting civil society organizations and social enterprises in Africa. We work through local partners by providing financial and technical support to organizations with a clear mission and established results.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$888,502$1,003,055▲ $114,553
Savings and Temporary Cash Investments$269,152$359,912▲ $90,760
Cash and Non-Interest-Bearing Accounts-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,157,654$1,362,967▲ $205,313
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,157,654$1,362,967▲ $205,313
Total Net Assets Fund Balance$1,157,654$1,362,967▲ $205,313
Total Liabilities and Net Assets / Fund Balance$1,157,654$1,362,967▲ $205,313
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Steven BeckPresident & CEO
Abdou Salam GueyeDirector
Evan WolfsonDirector
Marie BaptisteDirector
Winnie TayDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,130,036
Program Service Revenue
$0
Investment Income
$47,246
Other Revenue
$0
All Other Contributions
$1,130,036
Change in Net Assets
$111,311

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,177,282
Total Revenue per Audited Statements
$1,177,282
Total Revenue per Form 990
$1,177,282
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$838,879
Other Expenses$227,092
Total Fundraising Expense$352
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$838,879--$838,879
Travel$28,340--$28,340
Fees for Services Management-$13,264-$13,264
Fees for Services Accounting-$9,298-$9,298
Information Technology-$8,794-$8,794
Office Expenses$3,360--$3,360
Advertising--$352$352
Fees for Services Legal-$99-$99
Other Expenses$49,276$25-$25
Total Functional Expenses$1,032,868$32,751$352$1,065,971

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,065,971
Total Expenses per Audited Statements$1,065,971
Total Expenses per Form 990$1,065,971
International Activity

International Summary

Employees
11
Spending
$74,910

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

RegionActivityServicesOfficesEmployeesSpending
AfricaGrantsScholarships011$74,910
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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, Part VI, Section B, Line 11B

“No review was or will be conducted.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
New Africa Fund Inc
EIN
87-1432573
Phone
5612881469
Address
5269 PRINCETON WAY, BOCA RATON, FL 33496

Signing Officer

Name
Steven Beck
Title
President & CEO
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Beck
Formed
2021
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Fred Gartenlaub LLC
Address
969 Reading Rd Suite K, Mason, OH 45040
Preparer
Fred Gartenlaub
Phone
5137558297
Raw XML AppendixShowing 400 of 413 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The New Africa Fund is a registered US charity committed to supporting civil society organizations and social enterprises in Africa. We work through local partners by providing financial and technical support to organizations with a clear mission and established results.
IRS990/AdvertisingGrp/FundraisingAmt0352
IRS990/AdvertisingGrp/TotalAmt0352
IRS990/AllOtherContributionsAmt01130036
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0FRED GARTENLAUB
IRS990/BooksInCareOfDetail/PhoneNum05137558297
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0969 READING RD SUITE K
IRS990/BooksInCareOfDetail/USAddress/CityNm0MASON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd045040
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01130036
IRS990/CYGrantsAndSimilarPaidAmt0838879
IRS990/CYInvestmentIncomeAmt047246
IRS990/CYOtherExpensesAmt0227092
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0111311
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01065971
IRS990/CYTotalFundraisingExpenseAmt0352
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01177282
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Grants to support organizational development for local partners in Africa.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0940635
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09298
IRS990/FeesForServicesAccountingGrp/TotalAmt09298
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt099
IRS990/FeesForServicesLegalGrp/TotalAmt099
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt013264
IRS990/FeesForServicesManagementGrp/TotalAmt013264
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0838879
IRS990/ForeignGrantsGrp/TotalAmt0838879
IRS990/ForeignOfficeInd0true
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVEN BECK
IRS990/Form990PartVIISectionAGrp/PersonNm1EVAN WOLFSON
IRS990/Form990PartVIISectionAGrp/PersonNm2ABDOU SALAM GUEYE
IRS990/Form990PartVIISectionAGrp/PersonNm3MARIE BAPTISTE
IRS990/Form990PartVIISectionAGrp/PersonNm4WINNIE TAY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02021
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt0763969
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01177282
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt08794
IRS990/InformationTechnologyGrp/TotalAmt08794
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt047246
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt047246
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0888502
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01003055
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0false
IRS990/MissionDesc0The New Africa Fund, Inc. (the CORPORATION) is a grant making public charity created to assist organizations in Africa with projects that benefit their communities in the areas of health, livelihood, education, marginalized groups, and womens empowerment. The NAFs mission is to support local initiatives in Africa and foster sustainable change. The NAF began with a focus on projects in Togo and has since expanded to work with grantees and partners in more than a dozen countries in Africa, with continued growth each year. The NAF prioritizes collaboration with local organizations to stay closely connected with communities and leaders who have a deep understanding of the challenges their communities face.
IRS990/MoreThan5000KToIndividualsInd0true
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt01157654
IRS990/NetAssetsOrFundBalancesEOYAmt01362967
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt094002
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01157654
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01362967
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt03360
IRS990/OfficeExpensesGrp/TotalAmt03360
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0SUB CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1CONSULTANTS
IRS990/OtherExpensesGrp/Desc2MERCHANT ACCOUNT CHARGES
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01271
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt125
IRS990/OtherExpensesGrp/ProgramServicesAmt0113013
IRS990/OtherExpensesGrp/ProgramServicesAmt149276
IRS990/OtherExpensesGrp/TotalAmt0113013
IRS990/OtherExpensesGrp/TotalAmt149276
IRS990/OtherExpensesGrp/TotalAmt21271
IRS990/OtherExpensesGrp/TotalAmt325
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0STEVEN BECK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0WOMEN'S SCHOLARSHIPS AND GRANTS AND EXPENSES TO ENABLE THEM TO ATTEND SCHOOL AND ACHIEVE ACADEMIC SUCCESS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt092233
IRS990/ProgSrvcAccomActy2Grp/GrantAmt074910
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0605640
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0433904
IRS990/PYInvestmentIncomeAmt048050
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0122133
IRS990/PYRevenuesLessExpensesAmt096712
IRS990/PYSalariesCompEmpBnftPaidAmt0941
IRS990/PYTotalExpensesAmt0556978
IRS990/PYTotalRevenueAmt0653690
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0111311
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0269152
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0359912
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: BackgroundThe New Africa Fund (NAF) continues to operate as a publicly supported organization under IRC 509(a)(1) and 170(b)(1)(A)(vi). While the majority of support through 2023 came from one large private foundation donor (the Beck Family Charitable Foundation), NAF has since undertaken major initiatives to diversify its funding base.In 2024, NAF launched the African Impact Fundraising Grant Program, resulting in more than 1,500 individual donors a total of approximately $456,024 in small gifts. These contributions, although not yet reflected in the 20212025 computation period, represent a substantial expansion of our public support and are expected to improve the five-year public support ratio beginning with the 20212025 calculation period.Schedule A Part VI (Supplemental Information)During 2024, the New Africa Fund significantly broadened its donor base through the African Impact Fundraising Grant Program. As of November 2025, the organization has received contributions from approximately 1,500 individuals. These contributions are generally small in amount but represent a substantial increase in the number of public donors compared to prior years. This diversification of support is expected to materially improve the organizations public support percentage in the 20212025 computation period and beyond.Schedule O Supplemental InformationThe New Africa Fund continues to diversify its revenue sources and strengthen its qualification as a publicly supported charity under Section 509(a)(1) and 170(b)(1)(A)(vi). Although a large portion of contributions through 2023 came from one private foundation donor, the organization launched a public fundraising initiative in 2024 and 2025 that has brought in more than 1,500 unique donors and over $456,024 in small public gifts. These efforts demonstrate a sustained commitment to broad public participation and are expected to raise the public support percentage above the one-third threshold in subsequent reporting years.Supporting DocumentationInternally, we will maintain:- A donor summary report listing all 2024 contributors and amounts (to verify the 1,500-donor figure).- Campaign records from the African Impact Fundraising Grant Program.- Stripe and PayPal transaction reports supporting the number and source of public gifts.
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0556024
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0105640
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0108980
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0770744
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt047246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt048050
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt081834
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09720
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0186850
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0574012
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0500000
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01000000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02074012
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt0770744
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0556024
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0105640
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0108980
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0100
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0770744
IRS990ScheduleA/TotalSupportAmt03031606
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01065971
IRS990ScheduleD/RevenueSubtotalAmt01177282
IRS990ScheduleD/TotalExpensesPerForm990Amt01065971
IRS990ScheduleD/TotalRevenuePerForm990Amt01177282
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01177282
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01065971
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt011
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt074910
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SCHOLARSHIPS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt074910
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0EFT
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt032
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0AFRICA
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0EDUCATION
IRS990ScheduleF/ForeignIndividualsGrantsGrp/ValuationMethodUsedDesc0CASH GRANT
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0763969
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0EFT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SUP. ORG ACTIVITIES
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0AFRICA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0CASH GRANT
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt011
IRS990ScheduleF/SubtotalSpentAmt074910
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0WE HAVE QUARTERLY MEETINGS TO REVIEW MAJOR GRANTEES. EXPENDITURES ARE DOCEMENTED AND FINANCIALS AND BANK STATEMENTS ARE REVIEWED.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1CASH
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt2ALL EXPENDITURES ARE MADE IN AFRICA FOR THE FOLLOWING PURPOSES: EDUCATIONAL, ENVIRONMENTAL, HEALTH CLINICS, LGBTQ, POVERTY ALLEVIATION, YOUTH IMPOWERMENT. TOTAL GRANTS AND SCHOLARSHIPS FOR 2022 ARE $433,904. TOTAL PROGRAM SERVICE EXPENSES OTHER THAN GRANTS AND SCHOLARSHIPS ARE $121,423. TOTAL MANAGEMENT AND GENERAL EXPENSES ARE $189. TOTAL FUNDRAISING EXPENSES ARE $1,462.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt3CASH
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt432
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Part I, Line 3f - Method of Accounting
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc2Part I, Line 3f - Investments and Expenditures
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc3Part II, Line 1 - Method of Accounting
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III, Line 1 - Estimated Number of Recipients
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt011
IRS990ScheduleF/TotalSpentAmt074910
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01157654
IRS990/TotalAssetsEOYAmt01362967
IRS990/TotalAssetsGrp/BOYAmt01157654
IRS990/TotalAssetsGrp/EOYAmt01362967
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt01130036
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0352
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt032751
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01032868
IRS990/TotalFunctionalExpensesGrp/TotalAmt01065971
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01157654
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01362967
IRS990/TotalProgramServiceExpensesAmt01032868
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047246
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01177282
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01157654
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01362967
IRS990/TravelGrp/ProgramServicesAmt028340
IRS990/TravelGrp/TotalAmt028340
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt05269 PRINCETON WAY
IRS990/USAddress/CityNm0BOCA RATON
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033496
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.newafricafund.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN BECK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEW AFRICA FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0NEWA
ReturnHeader/Filer/EIN0871432573
ReturnHeader/Filer/PhoneNum05612881469
ReturnHeader/Filer/USAddress/AddressLine1Txt05269 PRINCETON WAY
ReturnHeader/Filer/USAddress/CityNm0BOCA RATON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033496
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true

Document Assets

No mirrored PDF or thumbnail assets are attached yet.