Civic Intelligence

Afara Governance

990 • Fiscal year 2022 • EIN 92-1066073

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization Profilewww.afaragovernance.org
4111-E Rose Lake Rd Suite 4067Charlotte, NC 28217

(919) 833-5322

Siviq Scores

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

Liabilities / Assets

51st percentile

0.00x

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

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

50th percentile

0.00x

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

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

Net Margin

92nd percentile

76%

Higher net margin than 92% of similar nonprofits.

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

Top Officer Pay

97th percentile

$84,330

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 42.2% of source-year revenue.

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

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 / Assets51st percentile

Assets

$152,757

No earlier filing loaded for comparison.

Net Assets

$152,757

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue50th percentileNet Margin92nd percentile

Revenue

$200,000

No earlier filing loaded for comparison.

Expenses

$47,243

No earlier filing loaded for comparison.

Net Income

$152,757

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2022

Assets$152,757
Liabilities$0
Net Assets$152,757
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$200,000
Expenses$47,243
Net Income$152,757
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$200,000
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 observers and then as directors. To usher the economic and social benefits of gender diversity in corporate governance. This program further contributes to the exempt purpose by providing education and executive coaching to women.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$152,757▲ $152,757
Total Assets$0$152,757▲ $152,757
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$152,757▲ $152,757
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$152,757▲ $152,757
Total Liabilities and Net Assets / Fund Balance$0$152,757▲ $152,757
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tamara MullingsCEOPT$42,165$42,165$84,330
Revenue and Support

Revenue Composition

Contributions and Grants
$200,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$200,000
Change in Net Assets
$152,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$45,713
Other Expenses$1,530
Total Fundraising Expense$15
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$42,165-$42,165
Payroll Taxes-$3,548-$3,548
Fees for Services Accounting-$1,491-$1,491
Advertising-$24-$24
Other Expenses$0$0$15$15
Total Functional Expenses$0$47,228$15$47,243
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
No
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, Part VI, Section B, Line 11B

“Only one director at the organization's founding in tax year 2022, who also prepared and reviewed Form 990”

Form 990, Part VI, Section B, Line 12C

“Policy was reviewed by director”

Form 990, Part VI, Section C, Line 19

“Email address published on website for such requests”

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
2023-11-14

Organization Details

Principal Officer
Tamara Mullings
Formed
2022
Legal Domicile
Nc
Voting Board Members
1
Independent Board Members
0
Employees
0
Volunteers
0
Raw XML Appendix275 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.

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ReturnHeader/Filer/EIN0921066073
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ReturnHeader/ReturnTs02023-11-14T11:56:36-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$152,757
Liabilities
$0
Net assets
$152,757
Revenue
$200,000
Expenses
$47,243
Net income
$152,757
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