African Enterprise

Summary

African Enterprise, Inc. ("AE") is a member of the African Evangelistic Enterprise International Council. AE is a Christian interdenominational, interracial ministry of evangelism, reconciliation, and leadership training and relief and development organization. AE works with leaders in the African church to mobilize their congregations in outreach to African cities. AE is primarily a supporting board to the International Council of African Evangelistic Enterprise, which was organized in 1980. The International Council has offices in Australia, Canada, Ethiopia, Ghana, Kenya, Malawi, Rwanda, South Africa, Tanzania, Uganda, United Kingdom and Zimbabwe which are each governed by separate Board of Directors. This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Contact information

Mailing address:
PO Box 28190
Spokane, WA 99228-9228

Website: www.africanenterprise.org

Phone: (509) 343-4011

Email: info@aeusa.org


Organization details

EIN: 952275044

CEO/President: Stephen Mbogo

Chairman: John Senyonyi

Board size: 9

Founder: Michael Cassidy

Year founded: 1962

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 1980


Purpose

African Enterprise, Inc. ("AE") is a member of the African Evangelistic Enterprise International Council. AE is a Christian interdenominational, interracial ministry of evangelism, reconciliation, and leadership training and relief and development organization. AE works with leaders in the African church to mobilize their congregations in outreach to African cities. AE is primarily a supporting board to the International Council of African Evangelistic Enterprise, which was organized in 1980. The International Council has offices in Australia, Canada, Ethiopia, Ghana, Kenya, Malawi, Rwanda, South Africa, Tanzania, Uganda, United Kingdom and Zimbabwe which are each governed by separate Board of Directors.

This organization is a nonprofit. Contributions to it are fully tax deductible to the extent allowed by law. It is a member of the Evangelical Council for Financial Accountability (ECFA).


Mission statement

African Enterprise's (AE) Mission Statement is:

To evangelize the cities of Africa through word and deed in partnership with the Church.

AE serves the church through interracial and interdenominational teams of African evangelists who share the Gospel through urban missions, Christian leadership training, reconciliation ministries and programs that meet urgent human need. The U.S. office works in cooperation with 5 other support offices to channel prayer and financial support to its ten teams of nationals in South Africa, Kenya, Uganda, Tanzania, Zimbabwe, Malawi, Rwanda, Ghana, Ethiopia and Congo (ex Zaire).


Statement of faith

African Enterprise's (AE) Core Values:

We are team based - seeking to form strategic partnerships and alliances.

We are committed to reaching every strata of society holistically.

We seek to bring peace where there is conflict.

We are committed to the authority of scripture and adhere to the Lausanne Covenant statement of faith.

Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating295 of 42357 of 78
Fund acquisition rating189 of 42336 of 78
Resource allocation rating400 of 42377 of 78
Asset utilization rating208 of 42340 of 78

Financial ratios

Funding ratiosMedian % for
all ministries in
MW database
20172016201520142013
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
7%6%10%14%17%22%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%6%10%14%17%21%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
95%93%96%103%97%96%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%6%9%13%15%22%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
5%7%4%-3%3%4%
 
Operating ratiosMedian % for
all ministries in
MW database
20172016201520142013
Program expense ratio Program expense ratio =
Program services /
Total expenses
83%63%63%61%56%67%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%98%112%103%110%99%
Program output ratio Program output ratio =
Program services /
Total revenue
81%62%71%63%62%67%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%2%-12%-3%-10%1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%2%-11%-5%-11%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%31%28%26%28%11%
 
Investing ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.301.181.041.341.231.30
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.541.001.001.011.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.541.181.041.351.241.31
 
Liquidity ratiosMedian measure
for all ministries
in MW database
20172016201520142013
Current ratio Current ratio =
Total current assets /
Total current liabilities
8.96107.1499.7288.0760.6497.46
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.110.010.010.010.020.01
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.0710.0611.378.819.569.10
 
Solvency ratiosMedian % for
all ministries in
MW database
20172016201520142013
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%1%1%1%2%1%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
63%84%95%74%80%76%

Financials

Balance sheet
 
Assets20172016201520142013
Cash$27,677$44,099$142,280$152,360$189,162
Receivables, inventories, prepaids$750$750$750$650$2,100
Short-term investments$613,028$583,755$554,828$582,850$621,026
Other current assets$0$0$0$0$323
Total current assets$641,455$628,604$697,858$735,860$812,611
Long-term investments$0$0$0$0$0
Fixed assets$1,609$3,041$5,145$2,717$1,947
Other long-term assets$0$0$0$0$0
Total long-term assets$1,609$3,041$5,145$2,717$1,947
Total assets$643,064$631,645$703,003$738,577$814,558
 
Liabilities20172016201520142013
Payables and accrued expenses$5,987$6,304$7,924$12,134$8,338
Other current liabilities$0$0$0$0$0
Total current liabilities$5,987$6,304$7,924$12,134$8,338
Debt$0$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$0$0
Total liabilities$5,987$6,304$7,924$12,134$8,338
 
Net assets20172016201520142013
Unrestricted$637,077$570,341$672,738$702,778$782,794
Temporarily restricted$0$55,000$22,341$23,665$23,426
Permanently restricted$0$0$0$0$0
Net assets$637,077$625,341$695,079$726,443$806,220
 
Revenues and expenses
 
Revenue20172016201520142013
Total contributions$717,822$560,526$931,756$801,414$1,027,066
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$51,756$25,656($23,742)$26,824$40,231
Other revenue$0$588$849$788$136
Total other revenue$51,756$26,244($22,893)$27,612$40,367
Total revenue$769,578$586,770$908,863$829,026$1,067,433
 
Expenses20172016201520142013
Program services$478,177$413,730$571,447$512,019$711,068
Management and general$235,136$183,956$242,951$258,175$121,389
Fundraising$44,529$58,822$125,829$138,609$228,595
Total expenses$757,842$656,508$940,227$908,803$1,061,052
 
Change in net assets20172016201520142013
Surplus (deficit)$11,736($69,738)($31,364)($79,777)$6,381
Other changes in net assets$0$0$0$0$0
Total change in net assets$11,736($69,738)($31,364)($79,777)$6,381

Response from ministry

No response has been provided by this ministry.


History

As a young South African man, just 21 years old, Michael Cassidy had a heart for his people and felt the Lord calling him to city-evangelism in Africa. During the summer of 1961, he set out on an exploratory visit to 31 major cities of Africa, a trip in which God's vision for Michael became clear. On a long walk on the beach, Michael drew an outline of Africa in the sand and wrote "claimed for Christ" inside it. His experience is recounted in the book African Harvest: "He wrote in his diary; 'I asked God for 50 years of ministry in Africa.'"

Graduating from Fuller Theological Seminary in 1963, Michael returned to South Africa with a small team and his work began. The first city-wide mission was held in Pietermaritzburg, South Africa and from there the work expanded slowly across the continent. A second team was established in Uganda in 1971 under the leadership of Bishop Festo Kivengere. Today AE has teams in ten African countries: Ghana, Uganda, Zimbabwe, South Africa, Rwanda, Kenya, Tanzania, the Democratic Republic of Congo, Malawi and Ethiopia.

"Michael's vision and courage were key contributors to mobilizing the church in South Africa to challenge and topple one of the most evil and divisive systems in the world, namely Apartheid." - S. Doug Birdsall, Honorary co-Chair, Lausanne Committee for World Evangelization


Program accomplishments

Gospel Proclamation

The Gospel is at the core of what we do. Our missions are holistic and aim to engage entire cities with the good news of Jesus Christ. Local churches are encouraged in evangelism, pastors are trained in theology and the Gospel is spread to every sector of society. In 2015 alone, African Enterprise reached over 400,000 people with the Gospel. We're making big impact in Africa and you can be part of it.

Peacebuilding & Reconciliation

African Enterprise desires to bring peace to where there is conflict. We've been working to bring peace in South Sudan since the violent outbreaks began in 2013. We're currently working with Parliamentarians in South Sudan to bring reconciliation to government leaders. Peace and Reconciliation workshops are held for grass-roots and church leaders to teach those impacted by the violence how to forgive and come together as a community.

Leadership Development

Poor leadership is a major issue in Africa. We believe that the best thing a leader can do is submit to Christ and lead with godliness and humility. During our missions, we actively engage with leaders at every level of society. Communities and nations have been impacted by our work!

Community Development

Demonstrating Christ's love in action is a vital part of bringing people to the knowledge of Christ. All AE's mission outreach is complimented by a community development project. We also have long-term community development projects around Africa. These projects bring hope and healing to those who need it most. From teaching marketable skills to former prostitutes to building toilets in the slums. The impact is truly inspirational.


Needs