2024-11-01T01:16:32-05:00 2023-12-31 570381582 ELLIOTT DAVIS LLCPLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-01-01 364509500 HEART FOR AFRICA INC HEAR 6785661589 PO BOX 1308 ROSWELL GA 30077 IAN MAXWELL CEO/CO-FOUNDER 6785661589 2024-10-29 1 0 JANICE A RATICA P00358837 7043338881 2024-10-29 2023 2024-10-15 13:58:12Z IAN MAXWELL PO BOX 1308 ROSWELL GA 30077 5993237 0 X WWW.HEARTFORAFRICA.ORG X 2002 GA THE ORGANIZATION SEEKS TO SERVE AFRICA IN THE AREAS OF HUNGER, ORPHANS, POVERTY, AND EDUCATION. 14 12 17 55 0 0 3285347 5369723 199045 159688 -15587 8512 74227 -508731 3543032 5029192 2501284 2785236 0 0 843212 1183946 0 0 293303 549631 613217 3894127 4582399 -351095 446793 1698683 2015491 455733 325748 1242950 1689743 X THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE AN OPPORTUNITY FOR NORTH AMERICANS TO BRING HOPE TO AFRICANS IN THE AREAS OF HUNGER, ORPHANS, POVERTY, AND EDUCATION. 0 0 1994646 1452210 HIV/AIDS HAS RAVAGED THE COUNTRY OF ESWATINI AND MORE THAN 200,000 CHILDREN HAVE BEEN ORPHANED IN ITS WAKE. ALMOST HALF OF THE COUNTRY'S POPULATION ARE ORPHANS OR VULNERABLE CHILDREN. WITH OVER 160 CHILDREN LIVING ON PROJECT CANAAN RIGHT NOW, HEART FOR AFRICA RECEIVES A NEW BABY EVERY TWO WEEKS. MANY OF OUR CHILDREN ARRIVE WITH SEVERE MALNUTRITION AND SUFFER FROM ABUSE AND NEGLECT OFTEN LEAVING THEM WITH PHYSICAL, INTELLECTUAL AND/OR OTHER DEVELOPMENTAL CHALLENGES. PROVIDING A HOME, FOOD, CLOTHING, EDUCATION AND OTHER CARE UNTIL THEY REACH ADULTHOOD REQUIRES SIGNIFICANT INVESTMENT. OUR COMMITMENT TO EACH CHILD IS TO PROVIDE THEM WITH A HOME UNTIL THEY'RE 18-YEARS OF AGE WHILE PROVIDING THEM WITH THE TRAINING, EDUCATION AND RESOURCES THEY NEED TO SECURE EMPLOYMENT. 1728514 1258452 PROJECT CANAAN, HEART FOR AFRICA'S 2,500-ACRE FARM IN ESTWATINI, IS AN INNOVATIVE INITIATIVE THAT BRINGS TOGETHER EXPERIENCE AND TECHNICAL SUPPORT FROM AROUND THE WORLD TO GROW FOOD AND PROVIDE EMPLOYMENT FOR MEN AND WOMEN. OUR DAIRY PROVIDES MILK AND FOOD FOR OUR CHILDREN AND STAFF, WHILE OUR EGG PROJECT PROVIDES NUTRITIOUS EGGS FOR THE CHILDREN AND ARE DELIVERED FREE OF CHARGE TO THOUSANDS OF ORPHANS EACH WEEK THROUGHOUT THE COUNTRY. DUE TO THE SEVERE DROUGHT AFFLICTING MUCH OF SUB-SAHARAN AFRICA WE LAUNCHED AN AQUAPONICS PROJECT FOCUSED ON SUSTAINABLE AGRICULTURE, WHILE MINIMIZING THE USE OF WATER. OUR WATER PIPELINE PROJECT IS DESIGNED TO PROVIDE WATER SECURITY TO PROJECT CANAAN. WE ARE BUILDING A PIPELINE THAT DIRECTS THE FLOW OF NATURAL SPRINGS DOWN A MOUNTAIN ONTO OUR FARM THAT WILL BE INTEGRATED WITH OUR SYSTEM OF DAMS TO PROVIDE WATER FOR BOTH DOMESTIC AND AGRICULTURAL USE. 102429 74574 159688 UNEMPLOYMENT AND POVERTY ARE TWO ENORMOUS CHALLENGES FACING THE PEOPLE OF ESWATINI. AS PART OF OUR FOCUS ON POVERTY AND EDUCATION (WHICH INCLUDES VOCATIONAL TRAINING), WE EMPLOY NEARLY 300 MEN AND WOMEN FROM THE AREAS AROUND PROJECT CANAAN. MORE THAN 100 PEOPLE WORK IN KHUTSALA ARTISANS WHERE THEY CREATE AUTHENTIC AFRICAN HANDCRAFTS SUCH AS BEADWORK ANIMALS, HOME DECOR AND CHRISTMAS ORNAMENTS. THIS EMPLOYMENT PROVIDES AN OPPORTUNITY FOR FAMILIES TO REMAIN INTACT AND HELPS SWAZIS SECURE A SUSTAINABLE INCOME. IN ADDITION, 100% OF THE PROFITS FROM THE SALE OF THESE ITEMS GO DIRECTLY TO SUPPORTING THE CHILDREN'S HOMES. ON AVERAGE, EACH SWAZI WORKING FOR PROJECT CANAAN CARES FOR 13 OTHER PEOPLE, MEANING THAT EACH PERSON EMPLOYED HAS A MUCH GREATER ECONOMIC IMPACT ON THE COMMUNITIES SURROUNDING PROJECT CANAAN. 3825589 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 3 0 17 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X IAN MAXWELL 6785661589 PO BOX 1308 ROSWELL GA 30077 DAVID BRYANT EXECUTIVE DIRECTOR 40.00 X 146055 0 13406 IAN MAXWELL CEO/CO-FOUNDER 40.00 X X 144327 0 0 JANINE MAXWELL VICE PRESIDENT/CO-FOUNDER 40.00 X X 135119 0 0 JOHN MCCARTHY DIRECTOR OF FINANCE 40.00 X 120750 0 11155 JAMES ALAN HILL MEMBER 1.00 X 0 0 0 ROBERT HOLMES MEMBER 1.00 X 0 0 0 TED WATSON MEMBER 1.00 X 0 0 0 MORGAN KOKARAM MEMBER 1.00 X 0 0 0 LA'KERRI JACKSON MEMBER 1.00 X 0 0 0 KRISTI MORRILL MEMBER 1.00 X 0 0 0 DOUG LIPTAK MEMBER 1.00 X 0 0 0 MELVA TATE MEMBER 1.00 X 0 0 0 KRISTEN JOHNS SECRETARY 1.00 X X 0 0 0 JILL WOOD-WOLFF TREASURER 1.00 X X 0 0 0 SANDRA GREEN VICE CHAIRMAN 1.00 X X 0 0 0 CHRIS WINKLE CHAIRMAN 1.00 X X 0 0 0 546251 0 24561 4 0 1 0 0 1086399 4283324 166082 5369723 JEWLERY SALES 458000 159688 159688 159688 105 105 362496 354089 8407 8407 8407 101225 1086399 609956 -508731 -508731 5029192 159688 0 -500219 2785236 2785236 546251 546251 531686 67093 243031 221562 42960 24444 9686 8830 63049 35875 14215 12959 5531 3319 2212 122288 95768 26520 92231 83008 9223 47788 47788 149124 149124 55760 31727 12572 11461 5458 3105 1231 1122 7911 4501 1784 1626 DIRECT COST OF SALES 76918 76918 VOLUNTEER EXPENSES 50208 50208 4582399 3825589 463507 293303 1002011 1056455 221731 203448 443303 46620 94915 420365 203676 55296 41602 7956 13694 1698683 2015491 455733 114274 0 211474 455733 325748 X 277290 -35246 965660 1724989 1242950 1689743 1698683 2015491 446793 0 X 0 1 X 1 0 X 2961937 3025441 3891774 3285347 5369723 18534222 2961937 3025441 3891774 3285347 5369723 18534222 149777 18384445 262 1748 140 141 105 2396 18536618 0.99180 0.95430 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 55296 41602 13694 13694 RESERVE FOR EMPLOYEE RETENTION CREDITS 211474 211474 X PART X, LINE 2: HFA AND HFA SWAZILAND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. 1 SUB-SAHARAN AFRICA 0 6 GRANTS TO RECIPIENTS LOCATED IN REGION THE ORGANIZATION CONDUCTED VOLUNTEER SERVICE TRIPS TO AFRICA, PARTNERED WITH AFRICAN ORGANIZATIONS TO PROVIDE CHILDREN'S HOMES FOR ORPHANS, AND RAISED AWARENESS OF THE AIDS EPIDEMIC AND ITS IMPACT ON THE CHILDREN OF AFRICA. 2785236 0 6 0 0 0 6 2785236 0 2785236 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, PROJECT CANAAN AND CHILD SPONSORSHIP 2785236 VARIOUS CASH PAYMENTS 0 1 0 0 0 0 0 0 0 PART I, LINE 2: US REPRESENTATIVES, INCLUDING JOHN MCARTHY (DIRECTOR OF FINANCE), MAKE SITE VISITS TO THE PROJECT CANAAN CAMPUS TO VISUALLY INSPECT PROJECT STATUS AND ACTIVITIES OF THE CAMPUS. AT LEAST ANNUALLY, A RECONCILIATION OF GRANTS MADE TO HFA SWAZILAND TO GRANTS RECEIVED BY HFA SWAZILAND BY PURPOSE IS PERFORMED. THE DIRECTOR OF FINANCE HAS ACCESS TO THE FINANCIAL RECORDS OF HFA SWAZILAND AND CAN MONITOR FINANCIAL ACTIVITIES. A CONSOLIDATED AUDITED FINANCIAL STATEMENT IS PERFORMED ANNUALLY. FOUNDERS WEEKEND 1051320 1051320 526071 GOLF TOURNAMENT 48359 35079 13280 14530 2 87945 87945 69355 1187624 1086399 101225 609956 609956 -508731 X X 0 0 0 1 0 0 0 0 0 DAVID BRYANT EXECUTIVE DIRECTOR 120555 0 25500 0 0 0 0 0 13406 0 159461 0 0 0 PART I, LINE 5 THE BOARD OF DIRECTORS APPROVES THE ANNUAL BUDGET WHICH INCLUDES COMPENSATION FOR KEY EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR. THE BASE SALARY OF THE EXECUTIVE DIRECTOR IS REVIEWED ON AN ANNUAL BASIS AND COMPARED TO SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS. IN ADDITION TO THE BASE SALARY, THE EXECUTIVE DIRECTOR IS ELIGIBLE FOR A BONUS BASED ON FUNDRAISING ACHIEVEMENTS, SPECIFICALLY WHETHER THE ORGANIZATION EXCEEDS THE ANNUAL FUNDRAISING GOAL ESTABLISHED FOR THE YEAR. IF THE ANNUAL FUNDRAISING GOAL IS EXCEEDED AND PERMITS THE ORGANIZATION TO ACCELERATE OR EXPAND PROGRAMS OR ACCELERATE CAPITAL EXPENDITURES THAT FURTHER THE ORGANIZATION'S MISSION OF PROVIDING HOPE IN THE AREAS OF HUNGER, ORPHANS, POVERTY AND EDUCATION, THE EXECUTIVE DIRECTOR IS ELIGIBLE TO RECEIVE A MONETARY BONUS. FOR 2023, THE FUNDRAISING REVENUE EXCEEDED THE BUDGETED AMOUNT AND RESULTED IN A BONUS FOR THE EXECUTIVE DIRECTOR. THE TOTAL COMPENSATION OF THE EXECUTIVE DIRECTOR, INCLUDING BASE SALARY AND BONUS, REMAINS IN THE TOTAL COMPENSATION RANGE FOR SIMILAR POSITIONS WITH SIMILAR ORGANIZATIONS. X 7 166082 FAIR MARKET VALUE 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE CHIEF EXECUTIVE OFFICER/CO-FOUNDER AND VICE PRESIDENT/CO-FOUNDER ARE MARRIED. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE ENTIRE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS AND DIRECTORS ARE REQUIRED TO REVIEW AND ACKNOWLEDGE THE CONFLICTS OF INTEREST POLICY ON AN ANNUAL BASIS. IN THE EVENT THAT A POTENTIAL CONFLICT ARISES DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND/OR VOTE ON THE MATTER IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UTILIZED A THIRD PARTY STUDY AS WELL AS COMPARABLE DATA FROM SIMILAR ORGANIZATIONS WITH COMPARABLE COMPLEXITY, SIZE AND SERVICES TO ENSURE THAT EXECUTIVE COMPENSATION IS FAIR, REASONABLE AND NOT EXCESSIVE. THE COMPENSATION EXPENSE IS INCORPORATED INTO THE ANNUAL BUDGET WHICH IS REVIEWED BY THE BOARD OF DIRECTOR'S FINANCE COMMITTEE AND VOTED ON BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 HEART FOR AFRICA, INC. WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. HEART FOR AFRICA SWAZILAND FARM NO 930 SECTION 5 MANZINI DI LOBAMBA SF SEE SUPPLEMENTAL EXPLANATION SF N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART II, COLUMN B: HEART FOR AFRICA, INC IS THE CONSOLIDATED FINANCIAL REPORTING ENTITY FOR HEART FOR AFRICA ("HFA") AND HEART FOR AFRICA SWAZILAND ("HFA SWAZILAND") (FORMERLY KNOWN AS "DREAM FOR AFRICA"). HFA SWAZILAND WAS INCORPORATED IN 2004, IN SWAZILAND (NOW KNOWN AS ESWATINI), AS A NOT-FOR-PROFIT ORGANIZATION AND HOLDS TAX EXEMPT STATUS IN ESWATINI. HFA SWAZILAND'S MISSION IS TO PROVIDE SUPPORT TO COMMUNITIES TO ALLEVIATE HUNGER AND MALNUTRITION. HFA SWAZILAND IS A PARTNER OF HFA AND HFA FINANCIALLY SUPPORTS HFA SWAZILAND AS IT FURTHERS HFA'S VISION IN AFRICA.