American Friends of Waterford Kamhlaba Inc

Nonprofit profile at a glance

EIN
581726404
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024, Form 990-N 2023
Location
Washington, DC, USA
Phone
2024664210
Rating
97
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$50,488
Expenses
$55,607
Assets
$42,782
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • ANDREW FOOSE (PRESIDENT)

People named in this filing

  • CHARLES W MCBRIDE (DIRECTOR)
  • JOHN KING (DIRECTOR)
  • MARY REINECKE (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To advance the mission of the waterford kamhlaba united world college of southern africa to provide quality education to economically disadvantaged students from the broad region of southern africa. Located in swaziland, a desperately poor country which has been ravaged by HIV/AIDS, waterford provides a superb education to a large student population drawn from south africa, botswana, mozambique, zimbabwe and other developing countries.although some students are supported by family funds and assistance from their respective governments, waterford historically has had to rely on alumni support and strong international corporate and foundation philanthropic support.american friends of waterford kamhlaba serves as the american outreach program for the school, lending financial support through contributions for general purposes and its scholarship program.

What it reported doing in 2024

Grants to the waterford kamhlaba school are for the purposes of scholarships. These funds enable the school to admit students whose parents or guardians cannot afford the fees for tuition.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 99
  • Transparency & Controls: 100
  • Sustainability: 41
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.8%; rating input score 97

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -10.1%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.77; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 8.6% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 71st percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $54K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 9 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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.

  • Moderate — Sustainability: Operating margin scored 31/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.