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African Center For Economic Transformation

  • Washington, DC
  • Tax-exempt since Feb. 2008
  • EIN: 11-3803281

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: International, Foreign Affairs and National Security / International Development, Relief Services (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.34M (2023)

Expenses
$6.08M (2023)

Total Assets
$5M (2023)

Total Liabilities
$4.46M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,335,866
Expenses
$6,075,492
Net Income
$260,374
Net Assets
$540,257
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,335,866
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,144,276
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $99,934
1.6%
Assets/Debt
Total Assets $5,004,928
Total Liabilities $4,464,671
Net Assets $540,257
Compensation
Key Employees and Officers Compensation Related Other
K Y Amoako (President/Ceo) $448,467 $0 $0
Mavis Owusu Gyamfi (Executive Vice President) $313,914 $0 $0
Daniel Nti (Director/Officer) $313,914 $0 $0
Tito Mboweni (Chairman) $0 $0 $0
Robert Peiffer (Director) $0 $0 $0
Lord Paul Boateng (Director) $0 $0 $0
Nicholas Westcott (Director) $0 $0 $0
Arkebe Oqubay (Director) $0 $0 $0
Rosine Sori Coulibaly (Director) $0 $0 $0
Cecilia A Conrad (Director) $0 $0 $0
Noomane Fehri (Director) $0 $0 $0
Bogolo J Kenewendo (Director) $0 $0 $0
Edward K Brown (Officer) $0 $0 $0
Roberto J Tibana (Officer) $0 $0 $0
Maura K Leary (Officer) $0 $0 $0
Rob Floyd (Officer) $0 $0 $0
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Document Links

990
Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,485,959
Expenses
$5,464,301
Net Income
$21,658
Net Assets
$279,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,485,959
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,222,391
22.4%
Professional Fundraising Fees $0
Other Salaries and Wages $120,251
2.2%
Assets/Debt
Total Assets $2,404,471
Total Liabilities $2,124,588
Net Assets $279,883
Compensation
Key Employees and Officers Compensation Related Other
K Y Amoako (President/Ceo) $433,548 $0 $0
Mavis Owusu Gyamfi (Executive Vice President) $293,265 $0 $0
Daniel Nti (Director/Officer) $293,265 $0 $0
Edward K Brown (Officer) $191,808 $0 $0
Roberto J Tibana (Officer) $168,000 $0 $0
Maura K Leary (Officer) $168,000 $0 $0
Rob Floyd (Officer) $163,100 $0 $0
Tito Mboweni (Chairman) $0 $0 $0
Robert Peiffer (Director) $0 $0 $0
Lord Paul Boateng (Director) $0 $0 $0
Nicholas Westcott (Director) $0 $0 $0
Benno Ndulu (Director) $0 $0 $0
Mitchelle Ndiaye Ntab (Director) $0 $0 $0
Eveline Herfkenns (Director) $0 $0 $0
Arkebe Oqubay (Director) $0 $0 $0
Rosine Sori Coulibaly (Director) $0 $0 $0
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Document Links

990
Filed on May 11, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,073,857
Expenses
$5,696,838
Net Income
-$622,981
Net Assets
$654,106
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,073,857
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $980,000
17.2%
Professional Fundraising Fees $0
Other Salaries and Wages $404,870
7.1%
Assets/Debt
Total Assets $807,870
Total Liabilities $153,764
Net Assets $654,106
Compensation
Key Employees and Officers Compensation Related Other
K Y Amoako (President/Ceo) $439,692 $0 $0
Mavis Owusu Gyamfi (Executive Vice President) $293,265 $0 $0
Daniel Nti (Director/Officer) $293,265 $0 $0
Edward K Brown (Officer) $191,808 $0 $0
Roberto J Tibana (Officer) $184,171 $0 $0
Tito Mboweni (Chairman) $0 $0 $0
Robert Peiffer (Director) $0 $0 $0
Lord Paul Boateng (Director) $0 $0 $0
Nicholas Westcott (Director) $0 $0 $0
Benno Ndulu (Director) $0 $0 $0
Mitchelle Ndiaye Ntab (Director) $0 $0 $0
Eveline Herfkenns (Director) $0 $0 $0
Arkebe Oqubay (Director) $0 $0 $0
Rosine Sori Coulibaly (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 16, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,242,319
Expenses
$4,182,350
Net Income
$1,059,969
Net Assets
$1,277,086
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,242,319
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $885,041
21.2%
Professional Fundraising Fees $0
Other Salaries and Wages $341,022
8.2%
Assets/Debt
Total Assets $1,472,264
Total Liabilities $195,178
Net Assets $1,277,086
Compensation
Key Employees and Officers Compensation Related Other
K Y Amoako (President/Ceo) $429,692 $0 $0
Daniel Nti (Director/Officer) $291,121 $0 $0
Edward K Brown (Officer) $191,808 $0 $0
Mavis Owusu Gyamfi (Executive Vice President) $156,757 $0 $0
John Asafu Adjaye (Officer) $104,141 $0 $0
Tito Mboweni (Chairman) $0 $0 $0
Robert Peiffer (Director) $0 $0 $0
Eveline Herfkins (Director) $0 $0 $0
Lord Paul Boateng (Director) $0 $0 $0
Nicholas Westcott (Director) $0 $0 $0
Benno Ndulu (Director) $0 $0 $0
Mitchelle Ndiaye Ntab (Director) $0 $0 $0
Arkebe Oqubay (Director) $0 $0 $0
Rosine Sori Coulibaly (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 10, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,439,817
Expenses
$3,873,125
Net Income
-$433,308
Net Assets
$217,117
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,439,817
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $766,195
19.8%
Professional Fundraising Fees $0
Other Salaries and Wages $432,976
11.2%
Assets/Debt
Total Assets $548,105
Total Liabilities $330,988
Net Assets $217,117
Compensation
Key Employees and Officers Compensation Related Other
K Y Amoako (President/Ceo) $439,698 $0 $0
Daniel Nti (Director/Officer) $291,120 $0 $0
Edward K Brown (Officer) $159,054 $0 $0
John Asafu Adjaye (Officer) $104,141 $0 $0
Tito Mboweni (Chairman) $0 $0 $0
Robert Peiffer (Director) $0 $0 $0
Eveline Herfkins (Director) $0 $0 $0
Lord Paul Boateng (Director) $0 $0 $0
Nicholas Westcott (Director) $0 $0 $0
Benno Ndulu (Director) $0 $0 $0
Mitchelle Ndiaye Ntab (Director) $0 $0 $0
Arkebe Oqubay (Director) $0 $0 $0
Rosine Sori Coulibaly (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 7, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,798,926
Expenses
$3,272,737
Net Income
$526,189
Net Assets
$650,424
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,798,926
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $427,924
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $318,094
9.7%
Assets/Debt
Total Assets $912,394
Total Liabilities $261,970
Net Assets $650,424
Compensation
Key Employees and Officers Compensation Related Other
K Y Amoako (President/Ceo) $325,000 $0 $0
Daniel Nti (Director/Officer) $208,000 $0 $0
Tito Mboweni (Chairman) $0 $0 $0
Robert Peiffer (Director) $0 $0 $0
Stephen Yeo (Director) $0 $0 $0
Eveline Herfkins (Director) $0 $0 $0
Lord Paul Boateng (Director) $0 $0 $0
Nicholas Westcott (Director) $0 $0 $0
Wbowman Cutter (Director) $0 $0 $0
Benno Ndulu (Director) $0 $0 $0
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Document Links

990
Filed on July 12, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,090,319
Expenses
$3,625,052
Net Income
-$534,733
Net Assets
$124,235
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,090,319
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $727,087
20.1%
Professional Fundraising Fees $0
Other Salaries and Wages $226,820
6.3%
Assets/Debt
Total Assets $645,625
Total Liabilities $521,390
Net Assets $124,235
Compensation
Key Employees and Officers Compensation Related Other
K Y Amoako (President/Ceo) $229,511 $0 $0
Yaw Ansu (Officer) $189,290 $0 $0
Daniel Nti (Director/Officer) $152,620 $0 $0
Edward K Brown (Officer) $104,290 $0 $0
Rosebud Buruku (Officer) $98,088 $0 $0
Julius Gatune (Officer) $93,794 $0 $0
Dede Amnor Wilks (Officer) $89,100 $0 $0
Tito Mbweni (Director) $0 $0 $0
Stephen Yeo (Director) $0 $0 $0
Eveline Hefkins (Director) $0 $0 $0
Lina Mohohlo (Director) $0 $0 $0
Tony Oteng Gyasi (Director) $0 $0 $0
W Bowman Cutter (Director) $0 $0 $0
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Document Links

990
Filed on Oct. 26, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,759,567
Expenses
$4,999,805
Net Income
-$1,240,238
Net Assets
$689,736
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,758,486
100.0%
Program Services $0
Investment Income $1,081
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $873,603
17.5%
Professional Fundraising Fees $0
Other Salaries and Wages $514,738
10.3%
Assets/Debt
Total Assets $1,111,855
Total Liabilities $422,119
Net Assets $689,736

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,790,264
Expenses
$6,140,042
Net Income
-$349,778
Net Assets
$1,929,970
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,788,174
100.0%
Program Services $0
Investment Income $2,090
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $995,226
16.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,132,242
18.4%
Assets/Debt
Total Assets $2,166,590
Total Liabilities $236,620
Net Assets $1,929,970

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,112,935
Expenses
$5,569,262
Net Income
-$456,327
Net Assets
$2,279,748
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,111,939
100.0%
Program Services $0
Investment Income $996
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,076,354
19.3%
Professional Fundraising Fees $0
Other Salaries and Wages $832,449
14.9%
Assets/Debt
Total Assets $2,404,054
Total Liabilities $124,306
Net Assets $2,279,748

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,698,232
Expenses
$5,892,323
Net Income
-$194,091
Net Assets
$2,736,075
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,696,973
100.0%
Program Services $0
Investment Income $1,259
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $246,735
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,968,441
33.4%
Assets/Debt
Total Assets $2,809,211
Total Liabilities $73,136
Net Assets $2,736,075

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,818,089
Expenses
$6,003,380
Net Income
-$1,185,291
Net Assets
$2,930,166
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,815,586
99.9%
Program Services $0
Investment Income $2,503
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $325,000
5.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,475,188
41.2%
Assets/Debt
Total Assets $2,954,686
Total Liabilities $24,520
Net Assets $2,930,166

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,306,781
Expenses
$6,189,859
Net Income
-$883,078
Net Assets
$4,115,456
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,303,065
99.9%
Program Services $0
Investment Income $3,706
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $325,000
5.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,247,896
36.3%
Assets/Debt
Total Assets $4,133,998
Total Liabilities $18,542
Net Assets $4,115,456

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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