African Professionals Network - Apnet
Nonprofit profile at a glance
- EIN
- 461528068
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-N 2023
- Location
- Cincinnati, OH, USA
- Phone
- 5136581699
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $83,870
- Expenses
- $121,166
- Assets
- $44,830
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- Prince Ellis (President)
People named in this filing
- Prince Ellis (President)
- Lily Edinam Botsyoe (VP Admin & Governance)
- Michelle Kiigi (VP Events & Programs)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
APNET's mission is to empower youth, professionals, and the community through three foundational pillars: Networking, Business, and Community. Through the promotion of African culture, economic development initiatives, and educational programs, we aim to celebrate heritage, uplift communities, and drive inclusive, lasting impact.
What it reported doing in 2025
Networking: The Symposium, APNET's flagship annual event, brings together an estimated 250 to 300 participants for a day of dialogue, learning, and celebration. In addition to panel discussions and networking sessions, the Symposium proudly awards approximately 8 to 10 scholarships to high school and college students each year, recognizing academic excellence and leadership potential. Furthermore, 3 to 5 community awards are presented during the event, honoring individuals who demonstrate outstanding achievement in professional development, business innovation, and community engagement. The Entrepreneurship Workshop (AEW Series) further supports networking by offering 6-8 training sessions per year, reaching an estimated 60 to 80 aspiring entrepreneurs. These workshops provide guidance on business formation, marketing, intellectual property, and other critical topics, with a focus on supporting immigrants and new business owners.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 88
- Sustainability: 32
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 79.9%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -44.5%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.37; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 31.1% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: -56.5% per year; rating input score 0; 7th percentile among comparable filings
- Asset growth: -58.8% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 79.9% of spending went to programs
- Governance: 6 of 6 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $97K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 27/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.