AFRICAN CENTER FOR ECONOMIC TRANSFORMATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- AFRICAN CENTER FOR ECONOMIC TRANSFORMATION (EIN 11-3803281)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-10-06
- IRS object ID
- 202012809349301951
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-10-06T18:15:41-07:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ALBERT ACQUAH & ASSOCIATES PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5568 GENERAL WASHINGTON DR STE A204 | AddressLine1Txt |
| City | ALEXANDRIA | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 223122424 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 113803281 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AFRICAN CENTER FOR ECONOMIC TRANSFORMATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | AFRI | BusinessNameControlTxt |
| Phone | 2028333439 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1776 K STREET NW | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 20006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KINSLEY Y AMOAKO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 2028333439 | PhoneNum |
| Signature | 2020-05-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ALBERT ACQUAH | PreparerPersonNm |
| PTIN | P01337939 | PTIN |
| Phone | 7039169053 | PhoneNum |
| Preparation | 2020-10-06 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 72.194.193.246 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-10-06 | IPDt |
| IP Tm | 18:15:29 | IPTm |
| IP Timezone | PD | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 3C394DE5099A4AA41C4020BE29AFFFE5544FBC4D | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 872F4D524004023AEA1F20825856DA421FF266BC | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KINSLEY Y AMOAKO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2359 N LINCOLN ST | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22220 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,439,817 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.acetforafrica.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | DC | LegalDomicileStateCd |
| Activity Or Mission | THE AFRICAN CENTER FOR ECONOMIC TRANSFORMATION IS AN ECONOMIC POLICY INSTITUTE SUPPORTING AFRICA'S LONG-TERM GROWTH THROUGH TRANSFORMATION | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 11 | VotingMembersIndependentCnt |
| Total Employee | 28 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,798,926 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,439,817 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $3,798,926 | PYTotalRevenueAmt |
| CY Total Revenue | $3,439,817 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $951,271 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,557,365 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,321,466 | PYOtherExpensesAmt |
| CY Other Expenses | $2,315,760 | CYOtherExpensesAmt |
| PY Total Expenses | $3,272,737 | PYTotalExpensesAmt |
| CY Total Expenses | $3,873,125 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $526,189 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$433,308 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $912,394 | TotalAssetsBOYAmt |
| Total Assets EOY | $548,105 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $261,970 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $330,988 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $650,424 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $217,117 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WE PROVIDE RESARCH, POLICY ADVICE, AND INSTITUTIONAL STRENGTHENING FOR AFRICAN COUNTRIES TO DEVELOP THEIR ECOMONOMIES, REDUCE POVERTY, AND IMPROVE LIVELIHOODS FOR ALL AFRICANS. WE ARE THE PRE-EMINENT AFRICAN ORGINAZATION ADVANCING AFRICAN SOLUTIONS TO AFRICAN TRANSFORMATION CHALLENGES | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $1,557,337 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | PAN-AFRICAN COALITION FOR TRANSFORMATION (PACT) AFRICA'S IMPRESSIVE ECONOMIC GROWTH SINCE THE MID-1990S POWERED PRIMARILY FROM MACROECONIMIC REFORMS, BETTER BUSINESS ENVIRONMENTS, AND HIGH COMMODITY PRICES WILL NOT BY ITSELF SUSTAIN DEVELOPMENT ON THE CONTINENT | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $934,402 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | TRANSFORMATION = GROWTH + DEPTH SINCE THE MIN-1990S, MANY AFRICAN COUNTRIES HAVE SEEN STEADY ECONOMIC GROWTH BUT HAVE STRUGGLED TO LEVERAGE THAT GROWTH INTO SUSTAINABLE DEVELOPMENT POLICIES AND PLANS. AFRICAN COUNTRIES NEED GROWTH WITH DEPTH, WHICH IS HOW ACET ENCAPSULATES THE MUTIDIMENTSIONAL PROCESS OF ECONOMIC TRANSFORMATION INTO A PRACTICAL POLICY AGENDA | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $736,306 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | STRENGTHENING GOVERNMENTS WITH INSTITUTIONAL CAPACITIES IN ECONOMIC MANAGEMENT. THIS PROGRAM IS SUPPORTED BY DEMAND DRIVEN ADVISORY ACTIVITIES TO BUILD THE CAPACITY OF GOVERNMENTS IN THE FINANCIAL PLANNING, ECONOMIC MANAGEMENT AND DEVELOPMENT FUNCTIONS. OUR OBJECTIVE HERE HAS BEEN TO SUPPORT THE DEVELOPMENT OF THE CAPACITY OF POLICYMAKERS IN THESE AREAS AND SHARE BEST PRACTICES FROM IN AND OUTSIDE AFRICA | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $3,228,045 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 1 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 28 | EmployeeCnt |
| Employment Tax Returns Filed | false | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | GH | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| DAF Excess Business Holdings | false | DAFExcessBusinessHoldingsInd |
| Taxable Distributions | false | TaxableDistributionsInd |
| Distribution To Donor | false | DistributionToDonorInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Form720 Filed | false | Form720FiledInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 11 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MACGEORGE GYIMAH | PersonNm |
| Phone | 2028333439 | PhoneNum |
Foreign Address ForeignAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 85 CASTLE ROAD RIDGE RESIDENTIAL AR | AddressLine1Txt |
| City | ACCRA | CityNm |
| Country | GH | CountryCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Institutional TrusteeInstitutionalTrusteeInd | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|---|---|---|
| K Y AMOAKO | |||||||||
| PRESIDENT/CEO | 40.00 | Yes (X) | Yes (X) | Yes (X) | Yes (X) | Yes (X) | $439,698 | $0 | $0 |
| TITO MBOWENI | |||||||||
| CHAIRMAN | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROBERT PEIFFER | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| EVELINE HERFKINS | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| LORD PAUL BOATENG | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| NICHOLAS WESTCOTT | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| BENNO NDULU | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MITCHELLE NDIAYE NTAB | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ARKEBE OQUBAY | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ROSINE SORI-COULIBALY | |||||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DANIEL NTI | |||||||||
| DIRECTOR/OFFICER | 40.00 | Yes (X) | Yes (X) | Yes (X) | Yes (X) | $291,120 | $0 | $0 | |
| EDWARD K BROWN | |||||||||
| OFFICER | 40.00 | Yes (X) | Yes (X) | Yes (X) | Yes (X) | $159,054 | $0 | $0 | |
| JOHN ASAFU-ADJAYE | |||||||||
| OFFICER | 40.00 | Yes (X) | Yes (X) | Yes (X) | Yes (X) | $104,141 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $994,013 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $3,439,817 | AllOtherContributionsAmt |
| Total Contributions | $3,439,817 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,439,817 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $766,195 | TotalAmt |
| Program Services | $589,970 | ProgramServicesAmt |
| Management And General | $176,225 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,976 | TotalAmt |
| Program Services | $303,083 | ProgramServicesAmt |
| Management And General | $129,893 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $358,194 | TotalAmt |
| Program Services | $214,916 | ProgramServicesAmt |
| Management And General | $143,278 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,256 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $1,256 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,500 | TotalAmt |
| Program Services | $11,600 | ProgramServicesAmt |
| Management And General | $2,900 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,858 | TotalAmt |
| Program Services | $19,886 | ProgramServicesAmt |
| Management And General | $4,972 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $405,369 | TotalAmt |
| Program Services | $324,295 | ProgramServicesAmt |
| Management And General | $81,074 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,372 | TotalAmt |
| Program Services | $113,372 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,831 | TotalAmt |
| Program Services | $23,656 | ProgramServicesAmt |
| Management And General | $4,175 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,096 | TotalAmt |
| Program Services | $7,628 | ProgramServicesAmt |
| Management And General | $468 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| CONSULTANCY | $1,244,783 | $1,182,544 | $62,239 | $0 |
| ADMINISTRATIVE EXPENSES | $257,332 | $218,732 | $38,600 | $0 |
| COMMUNICATION | $218,363 | $218,363 | $0 | $0 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,873,125 | TotalAmt |
| Program Services | $3,228,045 | ProgramServicesAmt |
| Management And General | $645,080 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $833,815 | BOYAmt |
| EOY | $484,291 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,975 | BOYAmt |
| EOY | $7,418 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,918 | BOYAmt |
| EOY | $14,048 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $925,185 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $882,837 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,686 | BOYAmt |
| EOY | $42,348 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $912,394 | BOYAmt |
| EOY | $548,105 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,970 | BOYAmt |
| EOY | $330,988 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $261,970 | BOYAmt |
| EOY | $330,988 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $650,424 | BOYAmt |
| EOY | $217,117 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $650,424 | BOYAmt |
| EOY | $217,117 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $912,394 | BOYAmt |
| EOY | $548,105 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$433,308 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | $1 | PriorPeriodAdjustmentsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
| Other Support Sum | $0 | OtherSupportSumAmt |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,788,174 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,758,486 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,090,319 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,798,926 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,439,817 | CurrentTaxYearAmt |
| Total | $19,875,722 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,788,174 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,758,486 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,090,319 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,798,926 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,439,817 | CurrentTaxYearAmt |
| Total | $19,875,722 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $19,875,722 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,090 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,081 | CurrentTaxYearMinus3YearsAmt |
| Total | $3,171 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $19,878,893 | TotalSupportAmt |
| Public Support CY170 | 0.99980 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99980 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
| Public Support Total509 | $0 | PublicSupportTotal509Amt |
| Public Support CY509 | 0 | PublicSupportCY509Pct |
| Investment Income CY | 0 | InvestmentIncomeCYPct |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $240,727 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $240,727 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $159,751 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $159,751 | DepreciationAmt |
| Book Value | $0 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $524,707 | InvestmentCostOrOtherBasisAmt |
| Depreciation | $482,359 | DepreciationAmt |
| Book Value | $42,348 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $42,348 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $3,438,817 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $3,438,817 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $3,438,817 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,873,125 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $3,873,125 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $3,873,125 | TotalExpensesPerForm990Amt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Sub-Saharan Africa | RegionTxt |
| Offices | 1 | OfficesCnt |
| Employee | 28 | EmployeeCnt |
| Type Of Activities Conducted | PROGRAM SERVICES | TypeOfActivitiesConductedTxt |
| Specific Services Provided | ADVISORY SERVICES | SpecificServicesProvidedTxt |
| Region Total Expenditures | $3,873,125 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 28 | SubtotalEmployeesCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 28 | TotalEmployeeCnt |
| Subtotal Spent | $3,873,125 | SubtotalSpentAmt |
| Total Spent | $3,873,125 | TotalSpentAmt |
| Transfer To Foreign Corp | false | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | false | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Discretionary Spending Acct | Yes (X) | DiscretionarySpendingAcctInd |
| Personal Services | Yes (X) | PersonalServicesInd |
| Written Policy Ref T And E Expnss | Yes (true) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (true) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| K Y AMOAKO | |||||||||||||
| $439,698 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $439,698 | $0 | $0 | $0 |
| DANIEL NTI | |||||||||||||
| $0 | $291,120 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $291,120 | $0 | $0 |
| EDWARD K BROWN | |||||||||||||
| $0 | $159,054 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $159,054 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt I Line 1a | THE PRESIDENT IS PROVIDED WITH A CHAUFFEUR |
| Pt I Line 1b | WE HAVE FOLLOWED WRITTEN DOWN POLICY IN THE PROVISION OF A CHAUFFEUR |
| Pt I Line 3 | AFRICAN CENTER FOR ECONOMIC TRANSFORMATION HAS A COMPENSATION SUB-COMMITTEE THAT REVIEWS THE COMPENSATION OF THE PRESIDENT FROM TIME TO TIME. HE HAS A WRITTEN CONTRACT OF EMPLOYMENT AND EVERY RECOMMENDATION MADE BY THE COMPENSATION SUB-COMMITTEE IS APPROVED BY THE BOARD BEFORE IMPLEMENTATION. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Pt VI, Line 8a | THE GOVERNING BOARD DOCUMENTS ALL MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR |
| Pt VI, Line 8b | EACH COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD, DOCUMENTS ALL MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR. |
| Pt VI, Line 11b | ACET HAS A COMMITTEE ON THE GOVERNING BOARD CHARGED WITH THE FINANCIAL OVERSIGHT OF PROCESSES AND SELECTION PROCESS. DURING THE TAX YEAR, COPIES OF THE FORM 990 WERE SENT TO THE OVERSIGHT COMMITTEE BEFORE SIGNING AND FILING. |
| Pt VI, Line 12c | THE ORGANIZATION HAS WRITTEN CONFLICT OF INTEREST POLICY WHERE BOARD MEMBERS DISCLOSE ANNUALLY INTEREST THAT COULD GIVE RISE TO CONFLICTS. THE ORGANIZATION REGULARLY MONITORS AND ENFORCES THE POLICY COMPLIANCE EVERY SIX MONTHS. |
| Pt VI, Line 15a | THE DETERMINATION OF COMPENSATION PACKAGE OF THE PRESIDENT IS REVIEWED BY A SUBCOMMITTEE OF THE BOARD AND REPORT IS GIVEN TO THE GOVERNING BOARD FOR APPROVAL. |
| Pt VI, Line 15b | THE MANAGEMENT RECRUITS A CONSULTANT WH0 CONDUCTS A MARKET SURVEY WITH RECOMMENDATIONS. THE MANAGEMENT THEN REVIEWS THE RECOMMENDATION TO ACET GOVERNING BOARD FOR APPROVAL OR DISAPPROVAL |
| Pt VI, Line 19 | ACET'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST |
| Pt XII, Line 2c | THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT AUDITOR, DELOITTE AND TOUCHE. THE ORGANIZATION DID NOT CHANGE THE OVERSIGHT OR SELECTION PROCESS IN THE PERIOD UNDER REVIEW |
| Pt VI, Line 1a | THERE WERE NO PAYMENTS RECEIVED FOR INDOOR TANNING SERVICES |
| Other | Page 1, Line 5; Page 5, Part V, Line 2a and 2b: COMPANY'S EMPLOYEES ARE ALL LOCATED IN GHANA AND THEREFORE, THE COMPANY CANNOT ISSUE W-2s AND W-3. |