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Nonprofiteer
← ACELI AFRICA INC

Form 990 for tax year 2024

Filed by ACELI AFRICA INC.

Totals

Total revenue
$17,258,795
Total expenses
$15,190,520
Contributions and grants received
$16,959,889
Grants paid
$1,818,381
Program service revenue
$69,819
Investment income
$188,655
Other revenue
$40,432
Total assets, end of year
$18,233,700
Total liabilities, end of year
$14,344,163
Net assets or fund balances, end of year
$3,889,537
Program services expenses (Part IX)
$14,444,543
Management and general expenses
$745,977
Fundraising expenses
$0
Program service expenses (Part III)
$14,444,543

Program services were 95.1% 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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $12,731,616

  • 1e · Government grants (contributions)

    $3,355,811

  • 1f · All other contributions, gifts and grants

    $872,462

  • 2a · Program service revenue: CONTRACT SERVICES

    total $69,819 · related or exempt $69,819

  • 3 · Investment income

    total $188,655 · excluded $188,655

  • 11a · Other revenue: REIMBURSEMENTS

    total $40,432 · excluded $40,432

  • 11e · Other revenue, total

    $40,432

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,772 · program services $5,772

  • 3 · Grants to foreign organizations and individuals

    total $1,812,609 · program services $1,812,609

  • 5 · Compensation of officers, directors and key employees

    total $268,056 · program services $268,056

  • 7 · Other salaries and wages

    total $195,721 · program services $195,721

  • 8 · Pension plan contributions

    total $13,184 · program services $13,184

  • 9 · Other employee benefits

    total $89,848 · program services $89,848

  • 10 · Payroll taxes

    total $33,735 · program services $33,735

  • 11b · Fees: legal

    total $87,179 · management and general $87,179

  • 11c · Fees: accounting

    total $46,848 · program services $18,680 · management and general $28,168

  • 11g · Fees: other

    total $5,227,001 · program services $4,762,802 · management and general $464,199

  • 12 · Advertising and promotion

    total $15,961 · program services $15,923 · management and general $38

  • 13 · Office expenses

    total $74,410 · program services $28,969 · management and general $45,441

  • 14 · Information technology

    total $111,659 · program services $26,935 · management and general $84,724

  • 16 · Occupancy

    total $52,314 · program services $28,032 · management and general $24,282

  • 17 · Travel

    total $363,930 · program services $353,333 · management and general $10,597

  • 19 · Conferences, conventions and meetings

    total $67,898 · program services $66,549 · management and general $1,349

  • 24a · Other expenses: LENDER PAYMENTS

    total $6,724,395 · program services $6,724,395

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,405,612 · end of year $548,149

  • 2 · Savings and temporary cash investments

    beginning of year $1,951,076 · end of year $8,358,265

  • 3 · Pledges and grants receivable

    beginning of year $3,324,324 · end of year $5,369,591

  • 4 · Accounts receivable

    beginning of year $0 · end of year $4,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,388 · end of year $602,004

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $2,837,436

  • 15 · Other assets

    beginning of year $657,849 · end of year $513,505

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,726,216 · end of year $2,318,882

  • 25 · Other liabilities

    beginning of year $10,794,771 · end of year $12,025,281

  • 27 · Net assets without donor restrictions

    beginning of year $1,821,262 · end of year $3,889,537

Mission and programs · 2024

Mission

ACELI'S MISSION IS TO UNLOCK THE GROWTH AND IMPACT OF AGRICULTURAL SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES) BY BRIDGING THE GAP BETWEEN CAPITAL SUPPLY AND DEMAND.

Activities or mission (Part I)

ACELI INCENTIVISES INCREMENTAL LENDING TO SMES TO THE LEAST SERVED MARKET SEGMENTS.

  • ACELI AFRICA'S TARGET IS TO UNLOCK $1.6B IN PRIVATE SECTOR LENDING FOR INCLUSIVE AGRICULTURAL SMES IN EAST AFRICA THROUGH YEAR-END 2030. WITH ACCESS TO LENDING, AGRICULTURAL SMES CAN DRIVE IMPROVEMENTS IN THE PRODUCTIVITY AND MARKET ACCESS OF SMALLHOLDERS, WHILE CREATING JOBS ACROSS THE VALUE CHAIN. DURING OUR FIRST FOUR YEARS OF OPERATIONS (SEPTEMBER 2020-DECEMBER 2024), 42 ACTIVE ACELI LENDING PARTNERS REGISTERED LOANS TOTALING $283M ACROSS THE INITIAL FOUR FOCUS COUNTRIES (KENYA, RWANDA, TANZANIA, UGANDA) AND NEWLY, ZAMBIA. OF THESE LOANS, 61% ARE TO NEW BORROWERS (DEFINED AS NOT HAVING RECEIVED A LOAN OF $25K+ FROM ANY LENDER IN THE PRIOR THREE YEARS), 57% MEET OUR HIGH STANDARD FOR PROVIDING ECONOMIC OPPORTUNITIES TO WOMEN, 69% CONTRIBUTE TO FOOD SECURITY IN AFRICA, AND 17% MEET OUR CLIMATE & ENVIRONMENT IMPACT BONUS. THE SMES RECEIVING ACELI-SUPPORTED LOANS HAVE CREATED MARKET ACCESS FOR 1.5M SMALLHOLDER FARMER SUPPLIERS AND EMPLOYMENT FOR 52K FULL-TIME WORKERS.AS OF DECEMBER 2024, 42 LENDERS HAD SIGNED LEGAL AGREEMENTS WITH ACELI AND AN ADDITIONAL 8 WERE IN NEGOTIATIONS OR IN THE PROCESS OF SIGNING. OF THE 42 ACCREDITED LENDERS, THREE-QUARTERS ARE COMMERCIAL BANKS OR NON-BANK FINANCIAL INSTITUTIONS DOMICILED IN EAST AFRICA. ACELI AFRICA'S TARGET IS TO INCREASE ADDRESSABLE DEMAND BY PROVIDING TECHNICAL ASSISTANCE TO OVER 1000 AGRICULTURAL SMES THROUGH YEAR-END 2030 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 PARTNERS IMPLEMENT THE HYBRID TECHNICAL ASSISTANCE PROGRAM, WHICH INCLUDES A SERIES OF WEBINARS AND COLLABORATION IN A PEER LEARNING NETWORK PAIRED WITH INDIVIDUALIZED COACHING FOR THE LEADERSHIP TEAM FROM EACH AGRI-SME AS WELL AS IN-PERSON KICK OFF SESSIONS FOR NETWORKING. 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 IS 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 $14,310,706 · Grants $1,818,381

  • ACELI AMERICAS FACILITATES LEARNING EXCHANGE THROUGH AN ADVISORY PARTNERSHIP WITH A MEXICAN NON-PROFIT ORGANIZATION TO DESIGN A LOCAL INCENTIVE FACILITY, COA. ACELI PROVIDES STRATEGIC SUPPORT TO INFORM COA'S SET-UP AND DESIGN AND GATHERS LEARNING TO INFORM FUTURE ACELI ADVISORY.

    Expenses $70,454

  • CSAF CONVENES AN ALLIANCE OF LENDING INSTITUTIONS TO BUILD AN INCLUSIVE AND SUSTAINABLE FINANCIAL MARKET FOR SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES) IN THE AGRICULTURE SECTOR. MEMBERS SHARE LEARNING, DEVELOP INDUSTRY STANDARDS, AND ENGAGE OTHER STAKEHOLDERS TO FACILITATE MARKET GROWTH, PROMOTE RESPONSIBLE LENDING PRACTICES, AND STRENGTHEN THE SME ECOSYSTEM.

    Expenses $61,530 · Revenue $65,069

  • OTHER ADVISORY PROGRAMS

    Expenses $1,853 · Revenue $4,750

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Milder

    CEO, ACELI AFRICA

    Total calculated
    $268,056
    From this org
    $251,916
    From related orgs
    $0
    Other
    $16,140
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,916
    Bonus
    $0
    Other
    $0
    Deferred
    $13,809
    Nontaxable benefits
    $2,331
    Filer's total
    $268,056
  • Andrea Zinn

    SENIOR MANAGER

    Total calculated
    $139,789
    From this org
    $126,192
    From related orgs
    $0
    Other
    $13,597
    Hours/week
    40
  • Andrew Stern

    BOARD DIRECTOR, CEO OF GDI

    Total calculated
    $255,876
    From this org
    $0
    From related orgs
    $218,063
    Other
    $37,813
    Hours/week
    2 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,063 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,763 related
    Nontaxable benefits
    $0 + $26,050 related
    Filer's total
    $0 + $255,876 related
  • Elizabeth Vanderwoude

    CFO/TREASURER

    Total calculated
    $218,599
    From this org
    $0
    From related orgs
    $203,936
    Other
    $14,663
    Hours/week
    8 + 24 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,936 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,236 related
    Nontaxable benefits
    $0 + $2,427 related
    Filer's total
    $0 + $218,599 related
  • Thomas Carroll

    SECRETARY

    Total calculated
    $80,692
    From this org
    $0
    From related orgs
    $76,681
    Other
    $4,011
    Hours/week
    4 + 2 related
  • Sewit Ahderom

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Titianne Donde

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Buhle Goslar

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Gretchen Phillips

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Beth Shiferaw

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ACELI AFRICA COMPANY LIMITED - RWANDA

    IMPLEMENTATION OF ACELI AFRICA PROGRAMS AND MISSION IN AFRICA · RW · 100% owned

    Directly controlled by ACELI AFRICA INC

  • ACELI AFRICA COMPANY LIMITED BY GUARANTEE (ACELI KENYA)

    IMPLEMENTATION OF ACELI AFRICA PROGRAMS AND MISSION IN AFRICA · KE · 100% owned · share of income $875,263 · share of assets $503,106

    Directly controlled by ACELI AFRICA INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202512879349301526

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