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Nafasi Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 815363891 ✦ Huntsville, AL ✦ Designated as a 501(c)(3)

Overview

What is Nafasi Fund?

Nafasi Fund is a nonprofit organization located at 1101 McMurtrie Drive NW STE E2, Huntsville, Alabama, with three employees. Their mission is to empower Black-led organizations by linking them to opportunities, resources, and necessary space to amplify their impact and grow independently. By providing these essential elements, Nafasi Fund aims to fortify the capabilities and sustainability of Black-led organizations, enabling them to spearhead social change.


Official website here: www.nafasifund.org

Is Nafasi Fund legitimate?

Nafasi Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nafasi Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $18,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,413

For more financial information, click here


Official website here: www.nafasifund.org

What is the mission statement of Nafasi Fund?

The Nafasi Fund supports the growth and independence of Black-led organizations by connecting them to essential opportunities, capacity, and space. By doing so, these organizations are able to increase their effectiveness and determine social change. The ultimate goal is for these organizations to become strong and sustainable with all the necessary tools at their disposal. The Nafasi Fund grants funds to qualified Black-led organizations to help them seize opportunities and expand their operations.


Official website here: www.nafasifund.org

Who is the CEO of Nafasi Fund?

E Bomani Johnson is the Executive Director of Nafasi Fund.


Official website here: www.nafasifund.org

What is the revenue of Nafasi Fund?

Nafasi Fund's revenue in 2022 was $15,621,844.


Official website here: www.nafasifund.org

Who are the executives of Nafasi Fund and what are their salaries?

The average compensation at Nafasi Fund during 2022 was $15,621. There are 3 employees and 3 volunteers at Nafasi Fund.

Here are 4 key members and their salaries:

    E Bomani Johnson (Executive Director)
  • Compensation: $18,450
  • Related: $0
  • Other: $0

    • Rhonda Bryant (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Toya Randall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Buster (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nafasifund.org

    Where can I find the form 990 for Nafasi Fund?

    The Nafasi Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nafasifund.org

    Learn more at the official website: www.nafasifund.org

    Mission Statement of Nafasi Fund

    Nafasi Fund is a unique organization that plays a crucial role in empowering Black-led nonprofits by providing them with the opportunities, capacity, and space necessary to enhance their effectiveness and achieve independence. By connecting these organizations to the resources they need, Nafasi Fund enables them to determine and direct social change.

    When Nafasi Fund's mission is realized, Black-led nonprofits will be strong and sustainable entities, equipped with all the tools required to bring about meaningful transformation. Nafasi Fund's primary focus is on granting funds to eligible Black-led organizations. This financial support enables these nonprofits to seize opportunities, expand their reach, and strengthen their operations. The ultimate goal is to help these organizations grow independent and autonomous, enabling them to make a significant impact on their communities.

    Nafasi Fund's role is pivotal in ensuring that Black-led nonprofits have access to the resources they need to thrive and succeed. By providing grants, Nafasi Fund empowers these organizations to expand their programs, hire additional staff, invest in technology, and more. This not only leads to increased efficiency but also allows these organizations to better address the unique challenges facing their communities. With the right resources, Black-led nonprofits can foster positive change and create lasting, meaningful impact.

    Impact

    This information is meant to be a general summary of Nafasi Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Nafasi Fund's impact lies in empowering Black-led organizations to thrive and create lasting social change. By providing essential funding, opportunities, capacity, and space, Nafasi Fund enables these organizations to increase their effectiveness and grow independently. Through this support, Black-led organizations can seize opportunities for growth, expand their impact, and become strong and sustainable forces for transformative youth development. Nafasi Fund's mission is to undergird and uplift the powerful work of Black-led organizations, ensuring they have the tools and resources necessary to drive positive social change and shape a more equitable future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,794
  • Program Service Revenue: $0
  • Gross Receipts: $15,621,844

    • Assets and Liabilities:
  • Total Assets: $17,572,200
  • Total Liabilities: $2,402,622
  • Net Assets: $15,169,578
  • Organization Details

    Founding Year

    2017

    Principal Officer

    E Bomani Johnson

    Main Address

    1101 McMURTRIE DRIVE NW STE E2, HUNTSVILLE, AL, 35806

    NTEE Category

    Code: O50 - Youth development

    If you are a representative of Nafasi Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.