Nyaka Inc

What it reported doing in 2024

2024 walk against sexual and gender-based violence - nyaka united communities to march against sexual and gender-based violence, raising awareness and advocating for the protection of vulnerable individuals. The event was a massive success and sparked critical conversations and action in uganda and beyond.nyaka microfinance bank exceeds 1,000 members - nyaka's microfinance bank celebrated a milestone with over 1,000 members, which enabled the bank to grow into the next phase of expanding it's services offered. This achievement showcases the power of community-driven economic growth.jackson spoke at the 2024 clinton global initiative - nyaka's founder and ceo , twesigye jackson kaguri, took the stage at the clinton global initiative to share nyaka's transformative work, in a session focusing on health equity and economic inclusion for aging populations.kaaka jolly presented at harvard - nyaka grandmother jolly babirukamu traveled from uganda to cambridge, Massachusetts to speak at harvard university about gender equity.nyc marathon and nyaka marathon in uganda - team nyaka 2024 consisted of 22 runners committed to supporting nyaka by fundraising and running the nyc marathon, all finishing and raising a total of $129,452.33. In solidarity on the same day as the race in nyc, the nyaka marathon in uganda united local supporters. Together, these events raised vital funds and awareness for nyaka's mission.16 days of activism - nyaka actively participated in the global "16 days of activism," hosting workshops and events to combat gender-based violence. The campaign empowered communities with tools to challenge inequality and protect rights.sowing tomorrow film - stories from nyaka grandmothers - sowing tomorrow takes you on an inspiring journey into rural uganda, showcasing three grandmothers who overcome immense adversity to transform their families and communities. Through nyaka's grandmother program, the film highlights resilience, compassion, and the power of collective action to break the cycle of poverty.light a life event - nyaka's light a life corporate breakfast which took place on 17th december 2024 at protea hotel, kampala and featured presenters both from within nyaka and local leaders from around uganda. The event was inspiring, educational and raised essential funds to fuel nyaka's mission.new construction at nyaka schools - nyaka constructed a new "main hall" at nyaka primary school, a new fence around the property of the school and started construction on a new girl's dormitory at nyaka vocational secondary schoolnew grandmothers and children joined our programs and received support nyaka continued to welcome hundreds of new grandmothers and children into its programs, providing essential services and hope. This consistent growth reinforces nyaka's mission to leave no one behind.

Financial Efficiency

• Mission deployment rate: 83.8%; rating input score 84
• Program expense ratio: 87.7%; rating input score 88
• Fundraising efficiency: $12.05 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: 2 of 8 controls in place; rating input score 25
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Fail
  • Conducts field audits: Fail
  • May suspend future funding: Fail
  • Requires financial reports: Pass
  • Conducts site visits: Fail
  • Requires grant agreements: Fail
  • May require repayment: Fail
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 4.8%; rating input score 49; 49th percentile among comparable filings
• Total-asset coverage ratio: 0.47; rating input score 22; 22nd percentile among comparable filings
• Liabilities to assets ratio: 0.22; rating input score 30; 30th percentile among comparable filings
• Officer compensation ratio: 12.5%; rating input score 29; 29th percentile among comparable filings

Growth

• Program expense growth: 5.8% per year; rating input score 100; 46th percentile among comparable filings
• Revenue growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 9.8% per year; rating input score 100; 58th percentile among comparable filings