NonprofitsInnovest Afrika

Community Improvement & Capacity Building

Innovest Afrika

SUGAR LAND, TX

Total revenue

$11K

Total expenses

$41K

Net assets

Grants received

EIN

932925715

Tax year

2024

Mission

Innovest Ignite is Innovest Afrika's premier accelerator program, designed to identify, support, and fund the most promising African-founded startups in the United States and Africa. Annually, we select startups in cohort across different cities to accelerate. These startups undergo a rigorous program that includes intensive training modules, mentorship sessions, and one-on-one coaching. The curriculum is crafted to address the unique challenges faced by African founded startups. We also work connect all participating startups with our network of investors to secure further funding and investment opportunities where possible. Startups are also paired with experienced mentors from a diverse array of industries experts relevant to their business. Mentors provide personalized guidance, share industry insights, and help them refine their business strategies.

Financials

FY 2024

Revenue

Contributions & grants$8K
Program service revenue$3K
Investment income
Other revenue
Total revenue$11K

Expenses

Grants paid
Salaries & benefits$9K
Fundraising
Other expenses$18K
Total expenses$41K
Total assets
Net assets

People

3 listed

NameRoleCompensation

Femi Moito

President

Board

40 hrs/wk

Lanre Odekunle

Tresurer

Board

0.2 hrs/wk

Bobwealth Omontese

Secretary

Board

0.2 hrs/wk

Details

EIN932925715
NTEE codeS30
Subsection03
Ruling date2024-05
INNOVEST AFRIKA — Mission, Financials & Grants Received | Grantivo