Colombo American Foundation
Nonprofit profile at a glance
- EIN
- 454757978
- IRS 990-EZ coverage
- 2019–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2017
- Location
- Charlotte, NC, USA
- Phone
- 9803199424
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- International Cultural Exchange
Reported finances
- Revenue
- $96,850
- Expenses
- $102,179
- Assets
- $32,132
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- THOMAS TOWNSEND (PRESIDENT)
People named in this filing
- FREDY ROMERO (EXECUTIVE DI)
- THOMAS TOWNSEND (PRESIDENT)
- RAFAEL PRIETO (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
Our mission is to create a safe environment for the purpose of implementing cultural exchange educational and training experiences for american citizens and the growing citizenry of colombia and other spanish speaking countries. To establish a sponsorship process for immigrants and to exchange languages in an educational setting for general public understanding and communication. To provide a venue for the exchange of the cultural awareness with language as the bases. Thus, we can help foster self-sufficiency among non-english speaking members in the community and more acceptance and cultural awareness for the english speaking general public. Our focus is working with economically disadvantaged immigrants and americans where language or lack of knowledge skills prevent citizenship and leadership skills from being developed and impedes school and family interactive dialogue.
What it reported doing in 2024
Our mission is to create a safe environment for the purpose of implementing cultural exchange educational and training experiences for american citizens and the growing citizenry of colombia and other spanish speaking countries.
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: 100
- Transparency & Controls: 82
- Sustainability: 25
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -5.5%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 0.31; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 3.9%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 1.3% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: -7.1% per year; rating input score 0; 29th percentile among comparable filings
- Asset growth: -4.7% per year; rating input score 0; 25th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $102K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Operating margin scored 36/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 11/100.