The Museum for African Art D/b/a the Africa Center
Nonprofit profile at a glance
- EIN
- 133137461
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2124449795
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Museum, Museum Activities
Reported finances
- Revenue
- $2,785,737
- Expenses
- $3,720,961
- Assets
- $85,447,071
- Liabilities
- $8,680,392
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- HALIMA DANGOTE (PRESIDENT)
- MARTIN KIMANI (CEO (JOINED 2/25))
- UZODINMA IWELA (CEO (THROUGH 2/25))
Highest reported compensation
- UZODINMA IWELA (CEO (THROUGH 2/25)): $328,635 total reported compensation
- ADOLPHINE UMUKOBWA (CHIEF OF STAFF): $201,876 total reported compensation
- CHINENYENWA OGUNRO (COO (THROUGH 11/23)): $169,902 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The africa center, a nonprofit, nonpartisan, multidisciplinary institution, provides a gateway for engagement with contemporary africa. The center is transforming the world's understanding of africa, its diaspora and the role of people of african descent in the world. Serving as the hub for the exchange of ideas around culture, business, and policy related to the continent, and in the spirit of collaboration and engagement with individuals and institutions who share the center's values, the africa center inspires enthusiasm, and advances thought and action around africa's global influence and impact on our collective and shared futures.
What it reported doing in 2024
Policy center: one of the key focus areas for the africa center is the development of an african policy institute dedicated to the future of the african continent and diaspora. The policy institute focuses on three interrelated themes: habitable spaces, technology for humanity, and prosperous youthintegrating the influence of culture as a transformative, cross-cutting force in the policy space. Our multidisciplinary policy approach aims to build an inclusive, equitable global future inspired by african innovation, creative industries, and visionary narratives.
Operating model
- Revenue model
- Donor-supported. 86% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83%; rating input score 83
- Program expense ratio: 60.9%; rating input score 61
- Fundraising efficiency: $4.18 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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; 63rd percentile among comparable filings
- Governance controls: 9 of 9 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -33.6%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 22.96; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 18.8%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 0.2% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 83% of revenue deployed · 60.9% of spending went to programs
- Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $2.3M in reported program spending
- Leadership: top reported pay $329K · 21 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $135K reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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 — Financial Efficiency: Fundraising efficiency scored 13/100.
- High — Sustainability: Operating margin scored 4/100.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.