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THE AFRICA-AMERICA INSTITUTE

Company Details

Name: THE AFRICA-AMERICA INSTITUTE
Jurisdiction: New York
Legal type: FOREIGN NOT-FOR-PROFIT CORPORATION
Status: Active
Date of registration: 15 Jun 1959 (66 years ago)
Entity Number: 120442
ZIP code: 10017
County: New York
Place of Formation: District of Columbia
Address: 345 E. 46TH ST., NEW YORK, NY, United States, 10017

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2023 530218859 2024-10-11 THE AFRICA-AMERICA INSTITUTE 13
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address ONE GRAND CENTRAL PLACE, 60 E 42ND STREET, SUITE 1700, NEW YORK, NY, 101656222

Signature of

Role Plan administrator
Date 2024-10-10
Name of individual signing AMBAR TAVAREZ
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2024-10-10
Name of individual signing AMBAR TAVAREZ
Valid signature Filed with authorized/valid electronic signature
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2022 530218859 2023-10-06 THE AFRICA-AMERICA INSTITUTE 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address ONE GRAND CENTRAL PLACE, 60 E 42ND STREET, SUITE 1700, NEW YORK, NY, 101656222

Signature of

Role Plan administrator
Date 2023-10-06
Name of individual signing AMBAR TAVAREZ
Role Employer/plan sponsor
Date 2023-10-06
Name of individual signing AMBAR TAVAREZ
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2021 530218859 2022-05-20 THE AFRICA-AMERICA INSTITUTE 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address ONE GRAND CENTRAL PLACE, 60 E 42ND STREET, SUITE 1700, NEW YORK, NY, 101656222

Signature of

Role Plan administrator
Date 2022-05-20
Name of individual signing AMBAR TAVAREZ
Role Employer/plan sponsor
Date 2022-05-20
Name of individual signing AMBAR TAVAREZ
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2020 530218859 2021-07-28 THE AFRICA-AMERICA INSTITUTE 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address ONE GRAND CENTRAL PLACE, 60 E 42ND STREET, SUITE 1700, NEW YORK, NY, 101656222

Signature of

Role Plan administrator
Date 2021-07-28
Name of individual signing AMBAR TAVAREZ
Role Employer/plan sponsor
Date 2021-07-28
Name of individual signing AMBAR TAVAREZ
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2019 530218859 2020-10-07 THE AFRICA-AMERICA INSTITUTE 14
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address ONE GRAND CENTRAL PLACE, 60 E 42ND STREET, SUITE 1700, NEW YORK, NY, 101656222

Signature of

Role Plan administrator
Date 2020-10-07
Name of individual signing AMBAR TAVAREZ
Role Employer/plan sponsor
Date 2020-10-07
Name of individual signing AMBAR TAVAREZ
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2018 530218859 2020-04-13 THE AFRICA-AMERICA INSTITUTE 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address ONE GRAND CENTRAL PLACE, 60 E 42ND STREET, SUITE 1700, NEW YORK, NY, 101656222

Signature of

Role Plan administrator
Date 2020-04-13
Name of individual signing BRIAN MCGINLEY
Role Employer/plan sponsor
Date 2020-04-13
Name of individual signing BRIAN MCGINLEY
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2017 530218859 2019-04-10 THE AFRICA-AMERICA INSTITUTE 15
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address 420 LEXINGTON AVE, SUITE 1706, NEW YORK, NY, 101700002

Signature of

Role Plan administrator
Date 2019-04-10
Name of individual signing BRIAN MCGINLEY
Role Employer/plan sponsor
Date 2019-04-10
Name of individual signing BRIAN MCGINLEY
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2016 530218859 2018-04-16 THE AFRICA-AMERICA INSTITUTE 9
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address 420 LEXINGTON AVE, SUITE 1706, NEW YORK, NY, 101700002

Signature of

Role Plan administrator
Date 2018-04-16
Name of individual signing BRIAN MCGINLEY
Role Employer/plan sponsor
Date 2018-04-16
Name of individual signing BRIAN MCGINLEY
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2015 530218859 2017-04-12 THE AFRICA-AMERICA INSTITUTE 9
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address 420 LEXINGTON AVE, SUITE 1706, NEW YORK, NY, 101700002

Signature of

Role Plan administrator
Date 2017-04-12
Name of individual signing KOFI APPENTENG
Role Employer/plan sponsor
Date 2017-04-12
Name of individual signing KOFI APPENTENG
THE AFRICA-AMERICA INSTITUTE DEFINED CONTRIBUTION RETIREMENT PLAN 2014 530218859 2016-02-26 THE AFRICA-AMERICA INSTITUTE 9
File View Page
Three-digit plan number (PN) 001
Effective date of plan 1958-05-26
Business code 611000
Sponsor’s telephone number 2129495666
Plan sponsor’s address 420 LEXINGTON AVE, SUITE 1706, NEW YORK, NY, 101700002

Signature of

Role Plan administrator
Date 2016-02-26
Name of individual signing AMINI KAJUNJU
Role Employer/plan sponsor
Date 2016-02-26
Name of individual signing AMINI KAJUNJU

DOS Process Agent

Name Role Address
THE AFRICAN-AMERICAN INSTITUTE DOS Process Agent 345 E. 46TH ST., NEW YORK, NY, United States, 10017

Filings

Filing Number Date Filed Type Effective Date
980616000669 1998-06-16 CERTIFICATE OF AMENDMENT 1998-06-16
C179306-2 1991-07-19 ASSUMED NAME CORP INITIAL FILING 1991-07-19
165244 1959-06-15 APPLICATION OF AUTHORITY 1959-06-15

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
53-0218859 Corporation Unconditional Exemption 60 E 42ND ST STE 1700, NEW YORK, NY, 10165-6222 1954-08
In Care of Name -
Group Exemption Number 0000
Subsection Charitable Organization, Educational Organization, Literary Organization, Organization to Prevent Cruelty to Animals, Organization to Prevent Cruelty to Children, Organization for Public Safety Testing, Religious Organization, Scientific Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Educational Organization, Local Association of Employees, Agricultural Organization, Horticultural Organization, Board of Trade, Business League, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Voluntary Employees' Beneficiary Association (Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Mutual Ditch or Irrigation Co., Burial Association, Cemetery Company, Credit Union, Other Mutual Corp. or Assoc., Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility Contributions are deductible.
Foundation Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes 509(a)(2)
Tax Period 2023-12
Asset 5,000,000 to 9,999,999
Income 1,000,000 to 4,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Dec
Asset Amount 5234771
Income Amount 4011735
Form 990 Revenue Amount 3466370
National Taxonomy of Exempt Entities -
Sort Name -

Publication 78 Data

Description Organizations eligible to receive tax-deductible charitable contributions. Users may rely on this list in determining deductibility of their contributions.
On Publication 78 Data List Yes
Deductibility Type of organization and use of contribution: A public charity. Deductibility Limitation: 50% (60% for cash contributions)

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 202212
Filing Type E
Return Type 990
File View File
Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 202112
Filing Type E
Return Type 990
File View File
Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 202012
Filing Type E
Return Type 990
File View File
Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 201912
Filing Type E
Return Type 990
File View File
Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 201812
Filing Type E
Return Type 990
File View File
Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 201712
Filing Type E
Return Type 990
File View File
Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 201612
Filing Type P
Return Type 990
File View File
Organization Name AFRICA-AMERICA INSTITUTE
EIN 53-0218859
Tax Period 201609
Filing Type E
Return Type 990
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
4268708608 2021-03-18 0202 PPS 60 E 42nd St Ste 1700, New York, NY, 10165-6222
Loan Status Date 2022-07-13
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 103506
Loan Approval Amount (current) 103506
Undisbursed Amount 0
Franchise Name -
Lender Location ID 49274
Servicing Lender Name Citibank, N.A.
Servicing Lender Address 5800 S. Corporate Place, Sioux Falls, SD, 57108
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address New York, NEW YORK, NY, 10165-6222
Project Congressional District NY-12
Number of Employees 5
NAICS code 813219
Borrower Race Black or African American
Borrower Ethnicity Not Hispanic or Latino
Business Type Professional Association
Originating Lender ID 49274
Originating Lender Name Citibank, N.A.
Originating Lender Address Sioux Falls, SD
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 104742.32
Forgiveness Paid Date 2022-06-03
6260747106 2020-04-14 0202 PPP 60 East 42nd Street Suite 1700, NEW YORK, NY, 10165
Loan Status Date 2021-04-20
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 141600
Loan Approval Amount (current) 141600
Undisbursed Amount 0
Franchise Name -
Lender Location ID 49274
Servicing Lender Name Citibank, N.A.
Servicing Lender Address 5800 S. Corporate Place, Sioux Falls, SD, 57108
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address NEW YORK, NEW YORK, NY, 10165-0001
Project Congressional District NY-12
Number of Employees 7
NAICS code 923110
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Professional Association
Originating Lender ID 49274
Originating Lender Name Citibank, N.A.
Originating Lender Address Sioux Falls, SD
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 137601.17
Forgiveness Paid Date 2021-02-10

Date of last update: 18 Mar 2025

Sources: New York Secretary of State