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.
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Foreign Missions
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 559 of 664 | 75 of 88 |
| Fund acquisition rating | | 414 of 666 | 58 of 88 |
| Resource allocation rating | | 622 of 666 | 83 of 88 |
| Asset utilization rating | | 375 of 664 | 49 of 88 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 8% | 8% | 6% | 10% | 14% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 8% | 7% | 6% | 10% | 14% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 98% | 96% | 93% | 93% | 96% | 103% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 9% | 7% | 6% | 9% | 13% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 2% | 4% | 7% | 7% | 4% | -3% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 83% | 66% | 66% | 63% | 63% | 61% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 89% | 112% | 98% | 112% | 103% |
Program output ratio Program output ratio = Program services / Total revenue | 82% | 59% | 74% | 62% | 71% | 63% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 11% | -12% | 2% | -12% | -3% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 13% | -14% | 2% | -11% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 25% | 27% | 31% | 28% | 26% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.37 | 1.10 | 1.33 | 1.18 | 1.04 | 1.34 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.37 | 1.00 | 1.00 | 1.00 | 1.00 | 1.01 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.18 | 1.11 | 1.33 | 1.18 | 1.04 | 1.35 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.58 | 94.43 | 112.69 | 107.14 | 99.72 | 88.07 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 5.10 | 10.74 | 8.92 | 10.06 | 11.37 | 8.81 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 1% | 1% | 1% | 1% | 1% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 0% | 0% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 64% | 90% | 74% | 84% | 95% | 74% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $39,110 | $21,559 | $27,677 | $44,099 | $142,280 |
| Receivables, inventories, prepaids | $750 | $750 | $750 | $750 | $750 |
| Short-term investments | $608,030 | $540,030 | $613,028 | $583,755 | $554,828 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $647,890 | $562,339 | $641,455 | $628,604 | $697,858 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $2,732 | $1,199 | $1,609 | $3,041 | $5,145 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $2,732 | $1,199 | $1,609 | $3,041 | $5,145 |
| Total assets | $650,622 | $563,538 | $643,064 | $631,645 | $703,003 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $6,861 | $4,990 | $5,987 | $6,304 | $7,924 |
| Other current liabilities | $0 | $0 | $0 | $0 | $0 |
| Total current liabilities | $6,861 | $4,990 | $5,987 | $6,304 | $7,924 |
| 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 | $6,861 | $4,990 | $5,987 | $6,304 | $7,924 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $638,739 | $558,548 | $637,077 | $570,341 | $672,738 |
| Temporarily restricted | $5,022 | $0 | $0 | $55,000 | $22,341 |
| Permanently restricted | $0 | $0 | $0 | $0 | $0 |
| Net assets | $643,761 | $558,548 | $637,077 | $625,341 | $695,079 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $771,470 | $626,516 | $717,822 | $560,526 | $931,756 |
| Program service revenue | $0 | $0 | $0 | $0 | $0 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $12,194 | $19,784 | $51,756 | $25,656 | ($23,742) |
| Other revenue | $18,011 | $25,259 | $0 | $588 | $849 |
| Total other revenue | $30,205 | $45,043 | $51,756 | $26,244 | ($22,893) |
| Total revenue | $801,675 | $671,559 | $769,578 | $586,770 | $908,863 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $472,463 | $498,365 | $478,177 | $413,730 | $571,447 |
| Management and general | $182,378 | $202,942 | $235,136 | $183,956 | $242,951 |
| Fundraising | $61,621 | $48,781 | $44,529 | $58,822 | $125,829 |
| Total expenses | $716,462 | $750,088 | $757,842 | $656,508 | $940,227 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $85,213 | ($78,529) | $11,736 | ($69,738) | ($31,364) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $85,213 | ($78,529) | $11,736 | ($69,738) | ($31,364) |
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.