Public Charity

NEW AFRICA FUND INC

NEW AFRICA FUND INC is a nonprofit organization categorized as Public Charity based in BOCA RATON, FL. Its most recent IRS filing (2024) reports revenue of $1.2M, expenses of $1.1M, total assets of $1.4M. Imperigo tracks 2 reported grant relationships connected to this organization totaling approximately $551K.

EIN: 871432573 BOCA RATON, FL Latest filing: 2024
Total Revenue$1.2M
Total Expenses$1.1M
Total Assets$1.4M
Grant Records2
Funding Total$551K
Filing Years2022–2024

Mission

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.

Officers & Directors

Director Abdou Salam Gueye
Director Evan Wolfson
Director Marie Baptiste
President & CEO Steven Beck
Director Winnie Tay

Officer compensation and complete director data available with membership.

Top Grant Purposes

PUBLIC, SOCIETAL BENEFIT
$300,000 1 grant
For grant recipient's exempt purposes
$251,025 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $1.2M $1.1M $1.4M
2023 $654K $557K $1.2M
2022 $14K $301K $962K

Between 2022 and 2024, reported annual revenue grew from $14K to $1.2M (+8072%), with total assets most recently reported at $1.4M.

Interactive year-over-year charts and full filing details available with membership.

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