NEW AFRICA FUND INC Charity Report

Public IRS 990 nonprofit record

NEW AFRICA FUND INC

EIN 87-1432573

What they do

The 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.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $96.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders5 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.73%of revenue went to mission work96.9% of expenses · Program services

0.03%of revenue went to fundraising0.0% of expenses

$90.55spent for every $100 of revenueRevenue covered expenses this year.

2.78%of revenue went to management and office costs3.1% of expenses

$1.28in assets for every $1 spent this yearSome assets cannot be spent right away.

96.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,177,282

Mission workProgram services$1,032,86887.73% of revenue96.9% of expenses

ManagementOffice and general costs$32,7512.78% of revenue3.1% of expenses

FundraisingAsking for donations$3520.03% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$111,3119.45% of revenueShown in gray on the chart

Total expenses$1,065,97190.55% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 96.9% mission · 3.1% management · 0.0% fundraisingTotal expenses: 90.55% of revenue

2023Expense mix: 99.7% mission · 0.0% management · 0.3% fundraisingTotal expenses: 85.21% of revenue

2022Expense mix: 99.6% mission · 0.3% management · 0.1% fundraisingTotal expenses: 2,088.02% of revenue

2021Expense mix: 25.5% mission · 74.5% management · 0.0% fundraisingTotal expenses: 0.13% of revenue

Money in and money out

Revenue$1,177,282

Expenses$1,065,971

Annual surplus $111,311 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,032,868 · 96.9% of expenses

Management and office costs$32,751 · 3.1% of expenses

Fundraising$352 · 0.0% of expenses

See all reported dollar amounts

Revenue$1,177,282

Expenses$1,065,971

Assets$1,362,967

Income$1,177,282

Contributions$1,130,036

Mission work (program services)$1,032,868

Fundraising$352

Management and general$32,751

Stocks and bonds$1,003,055

Accounting fees$9,298

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (5)

ABDOU SALAM GUEYEDIRECTOR

EVAN WOLFSONDIRECTOR

MARIE BAPTISTEDIRECTOR

STEVEN BECKPRESIDENT & CEO

WINNIE TAYDIRECTOR

About this charity

Recognized since: January 2021
Location: 5269 PRINCETON WAY, BOCA RATON, FL 33496-2713
County: Palm Beach
In care of: STEVEN BECK
Primary officer: STEVEN BECK, President & CEO

How to reach them

WebsiteVisit the charity’s website Emailcontact@newafricafund.org Phone(561) 288-1469

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: FRED GARTENLAUB LLC