EIN 45-2028199

Africa College Fund

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Fairfield
State
Year formed
2011
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Africa College Fund is a mission that empowers disadvantaged youth in Africa with education through grants to the Maharishi Education Invincibility Trust (MEIT) in South Africa. MEIT provides unemployed youth with full degrees through the Maharishi University of Management in Fairfield, Iowa and places them into part-time and permanent jobs in South Africa upon graduation – MEIT boasts a 95% success rate. The Fund is located in Fairfield, Iowa.
Total revenues
$470,376
2023
Total expenses
$329,098
2023
Total assets
$250,937
2023
Num. employees
0
2023

Program areas at Africa College Fund

Grants to Maharishi Education for Invincibility Trust - MEIT - in South Africa, to give unemployed youth a full package of support: Degrees through Maharishi International University, Fairfield, Iowa and places them into jobs part-time while they are studying, and permanent jobs in SA on graduation. MEIT has a 90 percent graduate job placement rate, and over 90 percent of graduates have maintained employment beyond the first year of employment. This is amongst the highest success rates in the country of South Africa. The grant funding assisted with the educational costs in entirety of youth for a full year of University education, and related costs. MEIT has got to a point of being 85 percent self-funding, including a program called 'learn and earn' 'pay it forward'. This is in line with Africa College Fund's mission of supporting non-profit, tax-exempt organisations that have a focus on creating financial sustainability, to ensure long term success. Grants also include scholarship support for girls in the Maharishi Invincibility School of Management, as well as establishing the organisation with a new University college in Zambia, Cybersecurity program in Brazil, and establishing a sister grant making organisation in the UK.
Payments to Maharishi International University, Fairfield, Iowa, USA, to fund the USA tuition fees for distance education UniversityDegree programs on behalf of African students based in South Africa, that are studying through Maharishi Education for Invincibility Trust (MEIT) in a '2+2' program. This means the historically disadvantaged youth involved do their first 2-years of study in South Africa, and their second two-years of study are via distance education with Maharishi University of Management, broadcast from the United States to South Africa. The program is working highly effectively, and as cited above 90% of graduates have gained employment in quality graduate level positions in companies in South Africa.

Who funds Africa College Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Drs Kiran and Pallavi Patel 2017 Foundation for Global UnderstandingGeneral Support$112,784
Drs Kiran and Pallavi Patel 2017 Family FoundationTo Support the Organizations Mission.$30,000
Schwartz Family Foundation / Schwartz Eric Et Al TteeSupport Five Individuals in Receiving High-Quality Private Education$25,000
...and 2 more grants received

Financials for Africa College Fund

RevenuesFYE 12/2023
Total grants, contributions, etc.$470,199
Program services$0
Investment income and dividends$177
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$470,376

Form 990s for Africa College Fund

Fiscal year endingDate received by IRSFormPDF link
2023-122024-04-01990View PDF
2022-122023-03-10990EZView PDF
2021-122022-07-26990View PDF
2020-122021-12-31990View PDF
2019-122020-06-26990EZView PDF
...and 4 more Form 990s

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Data update history
October 23, 2024
Received grants
Identified 2 new grant, including a grant for $112,784 from Drs Kiran and Pallavi Patel 2017 Foundation for Global Understanding
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $30,000 from Drs Kiran and Pallavi Patel 2017 Family Foundation
May 21, 2024
Posted financials
Added Form 990 for fiscal year 2023
February 4, 2024
Received grants
Identified 3 new grant, including a grant for $30,500 from The Rona and Jeffrey Abramson Foundation
October 24, 2023
Received grants
Identified 7 new grant, including a grant for $500,000 from Skoll Foundation
Nonprofit Types
International-focused organizationsEducational service providersCharities
Issues
EducationForeign affairsInternational development
Characteristics
Partially liquidatedOperates internationallyState / local levelTax deductible donationsNo full-time employees
General information
Address
2004 Radiance Cir
Fairfield, IA 52556
County
Jefferson County, IA
Phone
(641) 472-2069
IRS details
EIN
45-2028199
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2011
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q33: International Relief
NAICS code, primary
611710: Educational Support Services
Parent/child status
Independent
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