Civic Intelligence

Afara Governance

EIN 92-1066073 • 501(c)3 • Charlotte, NC

Pub. 78 EligibleNTEE B90

Profile

AFARA works to identify, prepare, place and coach high-potential, exceptionally-qualified women to provide valuable contributions to corporate boards, amplifying the economic, cultural and social benefits of diversity and representation in corporate governance.

4111-e Rose Lake Rd Suite 4067Charlotte, NC 28217

www.afaragovernance.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$140,509

Down $12,248 (-8.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$140,509

Down $12,248 (-8.0%) from 2022

Operations
Liabilities / Revenue61st percentileNet Margin95th percentile

Revenue

Down

$175,000

Down $25,000 (-13%) from 2022

Expenses

Up

$187,248

Up $140,005 (+296%) from 2022

Net Income

Down

-$12,248

Down $165,005 (-108%) from 2022

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$150K$100K$50K$0Assets 2022: $152,757Liabilities 2022: $0Net Assets 2022: $152,7572022Assets 2023: $140,509Liabilities 2023: $0Net Assets 2023: $140,5092023

Highlighted filing

2023

Assets$140,509
Liabilities$0
Net Assets$140,509
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$100K$0-$100KRevenue 2022: $200,000Expenses 2022: $47,243Net Income 2022: $152,7572022Revenue 2023: $175,000Expenses 2023: $187,248Net Income 2023: -$12,2482023

Highlighted filing

2023

Revenue$175,000
Expenses$187,248
Net Income-$12,248
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$140,509
Liabilities
$0
Net assets
$140,509
Revenue
$175,000
Expenses
$187,248
Net income
-$12,248
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.41$0.00$1.41$1.75$1.87$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$2.00$0.47$1.53
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 24, 2024
Return Version
2023v5.0
Gross Receipts
$175,000
Mission and Program Overview

Mission

AFARA works to identify, prepare, place and coach high-potential, exceptionally-qualified women to provide valuable contributions to corporate boards, amplifying the economic, cultural and social benefits of diversity and representation in corporate governance.

Increase the pipeline of qualified women for corporate board of directors roles. Identify, train, and coach high-potential women to contribute effectively, first as board

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$152,757$140,509▼ $12,248
Rtn Earn Endowment Incm Other Fnds$152,757$140,509▼ $12,248
Total Assets$152,757$140,509▼ $12,248
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$152,757$140,509▼ $12,248
Total Liabilities and Net Assets / Fund Balance$152,757$140,509▼ $12,248
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Tamara MullingsCEOPT$118,835$118,835
Revenue and Support

Revenue Composition

Contributions and Grants
$175,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-12,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$139,024
Other Expenses$48,224
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$118,835-$118,835
Other Expenses-$30,149-$30,149
Payroll Taxes-$20,189-$20,189
Advertising$11,331$771-$12,102
Fees for Services Other-$2,500-$2,500
Total Functional Expenses$11,331$175,917$0$187,248
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
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Part VI, Section B, Line 11

“Furnished”

Filing and Contact Details

Filer

Filer Name
Afara Governance Inc
EIN
92-1066073
Phone
9198335322
Address
4111-E ROSE LAKE RD SUITE 4067, CHARLOTTE, NC 28217

Signing Officer

Name
Tamara Mullings
Title
CEO
Phone
9198335322
Signed
2024-04-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tamara Mullings
Formed
2022
Legal Domicile
Nc
Voting Board Members
1
Independent Board Members
0
Employees
0

Preparer

Firm
Team Taxes
Address
2332 BEATTIES FORD RD, CHARLOTTE, NC 28216
Preparer
Kingsley O Ifedi
Phone
8554388326
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