Form 990 for tax year 2022

Totals

Total revenue

$6,248,119

Total expenses

$6,056,918

Contributions and grants received

$5,957,657

Grants paid

$341,116

Program service revenue

$280,426

Investment income

$5,988

Other revenue

$4,048

Total assets, end of year

$8,326,455

Total liabilities, end of year

$7,910,984

Net assets or fund balances, end of year

$415,471

Program services expenses (Part IX)

$5,778,623

Management and general expenses

$278,295

Fundraising expenses

$0

Program service expenses (Part III)

$5,778,623

Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• ACELI AFRICA'S TARGET IS TO UNLOCK $600M IN PRIVATE SECTOR LENDING FOR INCLUSIVE AGRICULTURAL SMES IN EAST AFRICA THROUGH YEAR-END 2025. WITH ACCESS TO LENDING, AGRICULTURAL SMES CAN DRIVE IMPROVEMENTS IN THE PRODUCTIVITY AND MARKET ACCESS OF SMALLHOLDERS, WHILE CREATING JOBS ACROSS THE VALUE CHAIN. IN THE FIRST 28 MONTHS OF OPERATIONS (SEPT 2020-DECEMBER 2022), ACELI REGISTERED 724 LOANS TOTALING $85M WITH 27 LENDERS ACROSS KENYA RWANDA, TANZANIA, AND UGANDA. THE ENTERPRISES RECEIVING THESE LOANS CREATE MARKET ACCESS FOR 517K SMALLHOLDER FARMERS AND EMPLOY 16K FULL-TIME WORKERS.OF THESE LOANS, 52% ARE TO NEW BORROWERS (DEFINED AS NOT HAVING RECEIVED A LOAN OF $25K+ FROM ANY LENDER IN THE PRIOR THREE YEARS), 59% QUALIFY FOR THE GENDER INCLUSION IMPACT BONUS, 59% QUALIFY FOR THE FOOD SECURITY IMPACT BONUS, AND 20% QUALIFY FOR THE CLIMATE SMART AND RESILIENT AGRICULTURE IMPACT BONUS. AS OF DECEMBER 2022, 30 LENDERS HAD SIGNED LEGAL AGREEMENTS WITH ACELI AND AN ADDITIONAL 10 WERE IN NEGOTIATIONS OR IN THE PROCESS OF SIGNING. OF THE 30 ACCREDITED LENDERS, TWO-THIRDS ARE COMMERCIAL BANKS OR NON-BANK FINANCIAL INSTITUTIONS DOMICILED IN EAST AFRICA. AS OF DEC 2022, ACELI'S MAXIMUM FIRST-LOSS VALUE TOTALS $3.7M AND THE MAXIMUM ORIGINATION INCENTIVES VALUE TOTALS $3.8M, FOR 724 APPROVED LOANS TOTALING $85M. THE NEXT PAYOUT FOR LENDERS WAS SCHEDULED FOR JANUARY 30, 2023. ACELI AFRICA'S TARGET IS TO INCREASE ADDRESSABLE DEMAND BY PROVIDING TECHNICAL ASSISTANCE TO OVER 500 AGRICULTURAL SMES THROUGH YEAR-END 2025 TO IMPROVE THEIR CAPACITY TO ACCESS AND MANAGE FINANCE. ACELI OFFERS A TECHNICAL ASSISTANCE PROGRAM FOR EARLY-STAGE AGRICULTURAL SMES WITH ANNUAL REVENUES OF $50K-500K, LIMITED ACCESS TO FINANCE, AND BASIC NEEDS IN BUSINESS AND FINANCIAL MANAGEMENT. OUR PARTNER, AFRICA MANAGEMENT INSTITUTE (AMI) IMPLEMENTS THE VIRTUAL TECHNICAL ASSISTANCE PROGRAM - A SERIES OF SEVEN WEBINARS AND COLLABORATION IN A PEER-LEARNING NETWORK - PAIRED WITH 10 HOURS OF INDIVIDUALIZED COACHING BY WYLDE INTERNATIONAL FOR THE LEADERSHIP TEAM FROM EACH AGRI-SME. THE SELECTED SMES ARE LOCATED ACROSS ALL FOUR FOCUS COUNTRIES. OVERALL, PARTICIPATING SMES PROVIDE POSITIVE FEEDBACK FROM THE PROGRAM. WE HAVE ALSO DEVELOPED AND LAUNCHED OUR TA OFFERING FOR GROWTH AND LATE-STAGE AGRICULTURAL SMES THAT HAVE OUTGROWN THE BASIC NEEDS OF EARLY-STAGE SMES BUT STILL STRUGGLE TO QUALIFY FOR AND/OR MANAGE FINANCING (ANNUAL REVENUES OF $500K-$5M). OUR OFFERING IS TARGETED TO ADDRESS SPECIFIC BARRIERS, INCLUDING INTERNAL OPERATIONS, DATA MANAGEMENT, AND MANAGERIAL CAPACITY. TECHNOSERVE HAS BEEN CHOSEN AS THE SERVICE PROVIDER FOR GROWTH-STAGE SME COHORTS. IN LIGHT OF THE DIVERGENT AND SPECIFIC NEEDS OF LATE-STAGE SMES, WE HAVE CONTRACTED SEVEN PROVIDERS ACROSS ACELI'S FOUR FOCUS COUNTRIES TO OFFER CUSTOMIZED TO TA TO LATE-STAGE SMES. INTERESTED SMES UNDERGO A DIAGNOSTIC AND ARE OFFERED A VOUCHER THAT COVERS A PORTION OF THE COST OF TA.

  Expenses $5,778,623 · Grants $341,116 · Revenue $280,426

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• THE GLOBAL DEVELOPMENT INCUBATOR INC

  501(C)(3) · DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERS · NY

• GDI SOLUTIONS INC

  501(C)(3) · FACILITATE GRANT FUNDING OPPORTUNITIES · DE

  Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

• ISF ADVISORS INC

  501(C)(3) · SUSTAINABLE TRANSFORMATION OF FOOD SYSTEMS AND AGRICULTURAL SUPPLY · DC

  Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

• COLIBRI CATALYST INC

  501(C)(3) · ACCELERATES AND INCREASES THE FLOW OF CAPITAL TO REGENERATIVE AGRICULTURE · DE

  Directly controlled by THE GLOBAL DEVELOPMENT INCUBATOR INC

Provenance

Return type

form_990

Tax year

2022

Filed

2 November 2023

IRS schema version

2022v5.0

Source object

202313109349301626

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