2022-07-26T12:51:06-07:00 2021-12-31 990 2021-01-01 452028199 AFRICA COLLEGE FUND AFRI 6414722069 2004 Radiance Circle Fairfield IA 52556 Adam Blecher President 6414722069 2022-07-27 1 11 1 AAL2 2021 2022-09-23 18:48:47Z Adam Paul Blecher 2004 Radiance Circle Fairfield IA 52556 772448 0 X X 2011 IA AFRICA COLLEGE FUND is dedicated to empowering disadvantaged youth with tools for success including education and entrepreneurship opportunities. This results in eradication of poverty through provision of quality, effective, consciousness-based University and vocational education. 5 3 0 3 0 0 406735 772402 0 0 25 46 0 0 406760 772448 398462 619990 0 0 0 0 0 0 0 1504 305 399966 620295 6794 152153 56013 208166 0 0 56013 208166 AFRICA COLLEGE FUND is dedicated to empowering disadvantaged youth with tools for success including education and entrepreneurship opportunities. This includes eradication of poverty through provision of quality, effective, consciousness-based University and vocational education with a targeted focus on unemployed and historically disadvantaged youth. AFRICA COLLEGE FUND is dedicated to supporting self-sustaining projects to aid in the development and employment of youth. 0 0 392000 392000 0 Grants to Maharishi Education for Invincibility Trust - MEIT - in South Africa, to give unemployed youth a full package of support, Degrees through Maharishi University of Management, Fairfield, Iowa, and places them into jobs part-time while they are studying, and permanent jobs in SA on graduation. MEIT has a 90 percent graduate job placement rate, and over 90 percent of graduates have maintained employment beyond the first year of employment. This is amongst the highest success rates in the country of South Africa. The grant funding assisted with the educational costs in entirety of 2 youth for a full year of University education, and related costs. MEIT has got to a point of being 85 percent self-funding, including a program called 'learn and earn' and 'pay it forward'. This is in line with Africa College Fund's mission of supporting non-profit, tax-exempt organisations that have a focus on creating financial sustainability, to ensure long term success. 227990 227990 0 Payments to Maharishi International University, Fairfield, Iowa, USA, to fund the USA tuition fees for distance education UniversityDegree programs on behalf of African students based in South Africa, that are studying through Maharishi Education for Invincibility Trust (MEIT) in a '2+2' program. This means the historically disadvantaged youth involved do their first 2-years of study in South Africa, and their second two-years of study are via distance education with Maharishi University of Management, broadcast from the United States to South Africa. The program is working highly effectively, and as cited above 90% of graduates have gained employment in quality graduate level positions in companies in South Africa. 0 0 0 619990 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IA X Rod Falk 6414722069 2004 Radiance Circle Fairfield IA 52556 X Adam Paul Blecher President and Founder 10 0 X X 0 0 0 Heather Hartnett Secretary 1 0 X 0 0 0 Anne Marie Blecher Vice President 3 0 X X 0 0 0 Keith Wegman Treasurer 1 0 X 0 0 0 Rod Peter Falk Administrator 10 0 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 772402 0 772402 0 46 46 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 772448 46 0 0 0 0 0 0 619990 619990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bank Charges 305 0 305 0 620295 619990 305 0 56013 208166 56013 208166 0 0 X 56013 208166 0 0 56013 208166 56013 208166 152153 0 0 0 0 0 X 0 0 0 X 106855 109468 134771 406735 772402 1530231 0 0 0 0 0 0 0 0 0 0 106855 109468 134771 406735 772402 1530231 1530231 165 100 13 25 46 349 0 0 0 0 0 0 0 0 0 0 1530580 0.99977 0.99963 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Sub-Saharan Africa University Bursaries 392000 Wire transfer Book value 1 0 0 0 0 0 0 0 Form 990, Part VI, Section A, Line 2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? Adam Paul Blecher, President and Founder, and Anne Marie Blecher, Vice President are married. Form 990, Part VI, Section B, Line 11b Describe in Schedule O the process used by the Africa College Fund to review this Form 990: * The form 990 was downloaded from the IRS site * along with instructions for Form 990 Return of Organizations Exempt from Income Tax, as well as the relevant supporting schedules * These were distributed to the Directors of the organization (the Governing Body) who familiarized themselves with the required documents. * The Directors determined it necessary to complete schedules: A, B, L, F, O * Once the Form and Schedules were completed by the President and Founder, they were sent to all Directors for their review and input * Suggestions and changes were then made * The revised Form 990, and attaching Schedules was the submitted on efiling to the IRS Form 990, Part VI, Section B, Line 12c Did the organization have a written conflict of interest policy? Yes, the organization has a written conflict of interest policy. All officers, and directors are required to disclose annually interests that could give rise to conflicts. This is minuted in the AGM, as well as other meetings of the Board. The organization does regularly and consistently monitor and enforce compliance with the policy, through requiring disclosure from all key representatives of any possible areas of conflict of interest. Where an individual might have a potential conflict, that individual is recused from the Board, so that the remainder of the Board members can discuss if they do in fact see an actual conflict, and if so, how to address the situation. In most cases, a perceived conflict on further discussion might amount to a zero risk situation, and then the matter is resolved. Form 990, Part VI, Section C, Line 19 Always available on request to anyone who makes a formal request. Any organization or individual that wrote to ACF at the head office address, was responded to timeously with the required information in writing. ACF is aware that Form 990 filing is required by 15 May, as our financial year ends on 31 December 2021. However, on the 11'th March 2022, we sent a request to Department of the Treasury, of the Internal Revenue Service, to Request for Abatement of Penalty Under Reasonable Cause: NOTICE: CP141L Late Return of Form 990 for 31 December 2020 for Organization Exempt From Income Tax: Filing Procedures: Abatement of Late Filing Penalties Under Reasonable Cause. We have been awaiting an outcome from the IRS since this time, and received a further correspondence as of yesterday July 26, 2022, confirming that an outcome determination has not yet been made. Refer to 0438900001. LTR 2644C. 45-2028199. Input Op: 0509908548 00026720. We decided to submit the 2021 return without waiting further for an outcome determination for the 2020 tax year. We hereby make a written statement to request for an abatement of penalties based on reasonable cause. Thank you for all the tremendous assistance from experts in your call center.