Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 10,606,617 | 10,375,846 | 7,640,696 | 2,278,679 | 2,617,360 | 33,519,198 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | 0 | |||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | 0 | |||||
| 4 | Total. Add lines 1 through 3 | 10,606,617 | 10,375,846 | 7,640,696 | 2,278,679 | 2,617,360 | 33,519,198 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 22,223,823 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 11,295,375 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 10,606,617 | 10,375,846 | 7,640,696 | 2,278,679 | 2,617,360 | 33,519,198 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 81,351 | -19,440 | 759,378 | 881,591 | 502,578 | 2,205,458 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 0 | |||||
| 11 | Total support. Add lines 7 through 10 | 35,724,656 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2014 | (b) 2015 | (c) 2016 | (d) 2017 | (e) 2018 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
||||
| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
|||||
| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
||
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2018 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2018 |
(iii) Distributable Amount for 2018 |
|
|---|---|---|---|---|
|
1
Distributable amount for 2018 from Section C, line 6 |
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|
2
Underdistributions, if any, for years prior to 2018 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2018: | ||||
| a From 2013....... | ||||
| b From 2014....... | ||||
| c From 2015....... | ||||
| d From 2016....... | ||||
| e From 2017....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2018 distributable amount | ||||
|
i
Carryover from 2013 not applied (see instructions) |
||||
| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2018 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2018 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2018, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2018. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2019. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2014...... | ||||
| b Excess from 2015..... | ||||
| c Excess from 2016..... | ||||
| d Excess from 2017..... | ||||
| e Excess from 2018..... | ||||
| Facts And Circumstances Test |
|---|
| Current Year Facts and Circumstances: See the attached explanation as to how TrustAfrica meets the "Facts and Circumstances" test. |
| Return Reference | Explanation |
|---|
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 11b: Form 990 Review Process | Prior to the preparation of the Form 990 by TrustAfrica's consultants, the Audit Committee of the Board of Trustees reviews the audited accounts of TrustAfrica. The Director of Programs also reviews drafts of individual program reports from staff. Once the draft of the Form 990 is prepared by the consultant of TrustAfrica, the Finance Manager of TrustAfrica carefully reviews the draft document for coverage of financial data. This is followed by a second-tier review by the Director of Operations of TrustAfrica for comprehensiveness and data accuracy. A final review is conducted by the Executive Director and President of TrustAfrica, who is a voting-member of the Board of Trustees. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Specific guidelines for Trustees:Review of Policy1.Each new Trustee and Officer shall be required to review a copy of this conflict of interest statement and to acknowledge in writing that he or she has done so.2.Each Trustee and Officer shall annually complete a disclosure form identifying any relationships, positions or circumstances in which he or she is involved that he or she believes could contribute to a conflict of interest arising. Information regarding business interests of a Trustee, an Officer or a Family Member shall be treated as confidential to the extent practicable and shall generally be made available only to the Chairperson, the Executive Director, and any committee appointed to address conflicts of interest, except to the extent necessary in connection with the implementation of this policy.3.TrustAfrica will periodically conduct reviews of compliance with this policy.Reporting of Violations1.If a Trustee or Officer violates or thinks he or she has violated any provision of this policy, or if he or she observes, learns of or in good faith believes it is possible that another Trustee has violated any provision of this policy, that person must immediately report the actual or suspected violation to the Chairperson or to the Board as a whole.2.The Board and the Executive Director, respectively, have an obligation to investigate, address promptly and treat as confidential, to the extent possible, all reported violations of this conflict of interest policy.Specific Guidelines for Staff Members.Review of Policy1.Each new employee shall be required to review a copy of this conflict of interest policy and to acknowledge in writing that he or she has done so.2.All staff members must annually complete a disclosure form identifying any relationships, positions or circumstances in which he or she is involved that he or she believes could contribute to a conflict of interest arising. Information regarding business interests of a staff member shall be treated as confidential to the extent practicable, except to the extent necessary in connection with the implementation of this policy.3.TrustAfrica will periodically conduct reviews of compliance with this policy.Disclosure and Reporting of Violations1. An employee must promptly disclose any actual or potential conflict of interest to the Executive Director. The Executive Director will consider the circumstances, make a decision as to whether there is an actual or apparent conflict of interest, and resolve how to handle the situation. The Executive Director will document the existence and resolution of any potential conflict of interest.2. In the event that an employee knows or has a good faith belief that another employee has violated this policy, he or she is under an obligation to report this to the Executive Director and will be protected from retaliation pursuant to TrustAfrica's Whistle-Blower Policy. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | Reliance on comparable data. The Board of Trustees engages an independent consulting firm to obtain appropriate compensation data from at least ten comparable organizations prior to making its determination. Such data are reviewed prior to each contract period. Comparable organizations are defined in terms of public charity status, job description and scale of operations, size of annual budget, and geographic location.On an annual basis, the Board of Trustees may provide a compensation adjustment based solely on a performance appraisal and cost of living data. If the adjustment is more than 5%, the Board of Trustees will engage an independent consulting firm to obtain appropriate data from comparable organizations.The determination of compensation must be completed and decided upon at a regular meeting of the Board of Trustees before any payments are actually made. Any trustee who has any conflict of interest in relation to the determination must be excluded from the decision-making process. The Board of Trustees must adequately document the basis for compensation determination concurrently with making that determination, which is normally within 60 days of the Board's decision or the date of the next board meeting if that occurs before 60 days of the decision being made. The documentation must note the terms of the transaction and the date it was approved, the trustees who were present and voted, the comparable data which was used and how the data was obtained, and any decisions and actions taken regarding any trustee who has a conflict of interest in the compensation determination decision. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | TrustAfrica makes its governing documents, conflict of interest policy, and audited financial statements available to the general public by posting these documents on the organization's website, www.trustafrica.org, and providing copies upon request. The audited financial statements are also made available to the public through the annual report which is distributed widely to the public. |
| Form 990, Part 1, Summary | Promote peace, democracy and economic prosperity in Africa. In this context, we seek to strengthen initiatives that address the most difficult challenges facing the continent, focusing on three critical areas: democracy, fostering African enterprise and achieving broadly shared prosperity and cultivating African resources for democracy and equitable development. |
| Software ID: | 18007218 |
| Software Version: | 2018v3.1 |