Overview

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Est.

2011

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

African Diaspora Network is a nonprofit focused on forestry and international development, with a mission centered on Accelerating Black Leadership and Entrepreneurship (ABLE), an enterprise accelerator program supporting 15–20 small businesses and nonprofit organizations led by Black entrepreneurs in the United States. In filing year 2024, it reported an operating budget of $1.2M and total revenue of $1.1M, with major funding from the Bill & Melinda Gates Foundation, the Conrad N Hilton Foundation, and the WK Kellogg Foundation.

Mission Statement

Accelerating Black Leadership and Entrepreneurship (ABLE) is an enterprise accelerator program designed to strengthen, energize, and support 15-20 small businesses and nonprofit organizations led by Black entrepreneurs in the United States.
Revenues
$1.1M
Expenses
$1.3M
Net Income:
-$246.8K
Assets
$1.4M
Liabilities
$634.5K
Net Assets:
+$755.7K
Operating Budget
$1.2M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
8
Median grant size
$50.3K
Largest grant received
$312.5K
A
Almaz Negash
Board Member
K
Kedest Tesfagiorgis
Board Member
J
Josh Ghaim
Board Member
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  • 15 funders
  • 17 board & team members
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  • 6-year operating budget trend
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Frequently Asked Questions

What is African Diaspora Network’s budget?
In 2024, African Diaspora Network reported an annual operating budget of around $1.2 million. More detailed financial information is available to registered users.
What causes does African Diaspora Network support?
African Diaspora Network supports work in Forestry and International development.
Where does African Diaspora Network operate?
African Diaspora Network is headquartered in Santa Clara, CA.
Who funded African Diaspora Network recently?
In 2025, African Diaspora Network received grants from AMERICAN ONLINE GIVING FOUNDATION INC, BILL & MELINDA GATES FOUNDATION, and BILL & MELINDA GATES FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant African Diaspora Network received in 2024?
The largest grant to African Diaspora Network in 2024 exceeds $313 thousand.
What is African Diaspora Network’s reliance on government grants?
African Diaspora Network relied on government grants for more than 25% of their total revenue in 2024.