Project Akilah Inc
Nonprofit profile at a glance
- EIN
- 260770655
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2007
- Location
- Tampa, FL, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Reported finances
- Revenue
- $88,632
- Expenses
- $233,237
- Assets
- $365,310
- Liabilities
- $176,070
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- ELIZABETH DAVIS (CEO)
People named in this filing
- ELIZABETH DAVIS (CEO)
- DAVID HUGHES (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
Project akilah, inc. D/b/a akilah foundation's mission is to support educational opportunities that allow future leaders to champion opportunity and sustainability in solving the world's most pressing challenges. The akilah foundation provides professional and financial support to the akilah foundation and davis college.
What it reported doing in 2024
The akilah institute opened in january 2010 as the first women's college in rwanda. In 2020, we changed our name to davis college and expanded our programs to include you men. Akilah remained a unique institute for women within davis college. More than 6,000 students have graduated from our diploma and certificate programs. We are now evolving our mission in a new direction, ending our technical diploma programs in hospitality management, information system, and business management. We closed our campus in downtown kigali and moved into a beautiful location in nyarutarama. We have begun the r&d process for new bachelor's degrees with a focus on a liberal arts model in the humanities. In 2026 we will reapply for accreditation as a general education university.
Operating model
- Revenue model
- Donor-supported. 95% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.
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: 27
- Growth: 0
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: -163.2%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 1.57; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 9; 9th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2.5% per year; rating input score 0; 42nd percentile among comparable filings
- Asset growth: -0.5% per year; rating input score 0; 36th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $233K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
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 5/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- High — Sustainability: Liabilities to assets ratio scored 9/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.