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← AGRA

Form 990 for tax year 2022

Filed by AGRA.

Totals

Total revenue
$80,250,620
Total expenses
$89,871,701
Contributions and grants received
$80,474,029
Grants paid
$29,649,211
Program service revenue
$0
Investment income
-$335,082
Other revenue
$111,673
Total assets, end of year
$104,813,329
Total liabilities, end of year
$50,544,897
Net assets or fund balances, end of year
$54,268,432
Program services expenses (Part IX)
$80,519,791
Management and general expenses
$9,351,910
Fundraising expenses
$0
Program service expenses (Part III)
$80,519,791

Program services were 89.6% 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.

  • 1f · All other contributions, gifts and grants

    $80,474,029

  • 3 · Investment income

    total $727,647 · excluded $727,647

  • 7a · Gross sales of assets other than inventory

    securities $325,000 · other assets $2,210

  • 7b · Less cost or other basis and sales expenses

    securities $1,388,833 · other assets $1,106

  • 7c · Gain or loss

    securities -$1,063,833 · other assets $1,104

  • 7d · Net gain or loss

    total -$1,062,729 · excluded -$1,062,729

  • 11d · All other revenue

    total $111,673 · related or exempt $111,673

  • 11e · Other revenue, total

    $111,673

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $29,649,211 · program services $29,649,211

  • 5 · Compensation of officers, directors and key employees

    total $2,125,499 · program services $1,736,072 · management and general $389,427

  • 7 · Other salaries and wages

    total $16,376,971 · program services $13,376,431 · management and general $3,000,540

  • 9 · Other employee benefits

    total $5,423,639 · program services $4,429,936 · management and general $993,703

  • 10 · Payroll taxes

    total $2,243,204 · program services $1,832,211 · management and general $410,993

  • 11b · Fees: legal

    total $16,549 · program services $15,610 · management and general $939

  • 11c · Fees: accounting

    total $131,278 · program services $123,830 · management and general $7,448

  • 11f · Fees: investment management

    total $98,611 · program services $98,611

  • 11g · Fees: other

    total $15,755,501 · program services $14,861,619 · management and general $893,882

  • 12 · Advertising and promotion

    total $35,326 · program services $25,850 · management and general $9,476

  • 13 · Office expenses

    total $1,870,888 · program services $1,369,032 · management and general $501,856

  • 14 · Information technology

    total $1,420,353 · program services $1,039,351 · management and general $381,002

  • 16 · Occupancy

    total $1,200,055 · program services $878,147 · management and general $321,908

  • 17 · Travel

    total $3,372,748 · program services $2,998,976 · management and general $373,772

  • 19 · Conferences, conventions and meetings

    total $4,318,247 · program services $4,299,064 · management and general $19,183

  • 22 · Depreciation, depletion and amortization

    total $659,978 · management and general $659,978

  • 23 · Insurance

    total $50,838 · program services $37,201 · management and general $13,637

  • 24a · Other expenses: TRAINING

    total $1,415,932 · program services $1,036,116 · management and general $379,816

  • 24b · Other expenses: OTHER PROGRAM EXPENSES

    total $1,157,011 · program services $846,649 · management and general $310,362

  • 24c · Other expenses: FOREIGN CURRENCY TRANSL

    total $1,044,003 · program services $763,955 · management and general $280,048

  • 24d · Other expenses: BOARD/COUNCIL EXPENSE

    total $808,225 · program services $591,423 · management and general $216,802

  • 24e · All other expenses

    total $697,634 · program services $510,496 · management and general $187,138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,583 · end of year $4,226

  • 2 · Savings and temporary cash investments

    beginning of year $64,705,545 · end of year $57,398,892

  • 4 · Accounts receivable

    beginning of year $3,248,163 · end of year $2,470,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $984,619 · end of year $980,078

  • 10a · Land, buildings and equipment: cost or other basis

    $5,461,351

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,840,359

  • 10c · Land, buildings and equipment, net

    beginning of year $699,741 · end of year $620,992

  • 11 · Investments: publicly traded securities

    beginning of year $28,638,540 · end of year $27,900,850

  • 13 · Investments: program-related

    beginning of year $15,319,442 · end of year $14,694,798

  • 14 · Intangible assets

    beginning of year $654,981 · end of year $435,996

  • 15 · Other assets

    beginning of year $306,100 · end of year $307,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,442,898 · end of year $26,288,243

  • 18 · Grants payable

    beginning of year $6,573,205 · end of year $2,260,461

  • 24 · Unsecured notes and loans payable

    beginning of year $16,607,295 · end of year $21,996,193

  • 27 · Net assets without donor restrictions

    beginning of year $18,113,791 · end of year $6,436,907

  • 28 · Net assets with donor restrictions

    beginning of year $47,831,525 · end of year $47,831,525

Mission and programs · 2022

Mission

AGRA'S MISSION IS TO TRIGGER A UNIQUELY AFRICAN GREEN REVOLUTION THAT WILL TRANSFORM AFRICAN AGRICULTURE INTO A HIGHLY PRODUCTIVE, EFFICIENT, COMPETITIVE AND SUSTAINABLE SYSTEM THAT ASSURES FOOD SECURITY AND LIFTS MILLIONS OUT OF POVERTY.

Activities or mission (Part I)

AGRA'S MISSION IS TO TRIGGER A UNIQUELY AFRICAN GREEN REVOLUTION THAT WILL TRANSFORM AGRICULTURE ACROSS THE CONTINENT INTO A HIGHLY PRODUCTIVE, EFFICIENT, COMPETITIVE AND SUSTAINABLE SYSTEM THAT ASSURES FOOD SECURITY AND LIFTS MILLIONS OUT OF POVERTY.

  • PIATA-PARTNESHIP FOR INCLUSIVE AGRICULTURAL TRANSFORMATION IN AFRICA (PIATA),THE PURPOSE IS TO ENABLE AFRICAN AGRICULTURE ACTORS TO DO BUSINESS DIFFERENTLY AS THEY SUPPORT LEADERS TO DRIVE AN INCLUSIVE AGRICULTURAL TRANSFORMATION.THE INNOVATIVE PARTNERSHIP AIMS FOR INTEGRATED DELIVERY WITHIN AGRO-ECONOMIC ZONES AND ACROSS VALUE CHAIN ENHANCED IN-COUNTRY COORDINATION TO LEVERAGE WIDER INVESTMENTS AND DELIBERATE ENGAGEMENT WITH PRIVATE SECTOR TO BUILD,SUSTAINABLE SYSTEMS THAT WILL TRANSITION AGRICULTURE FROM SUBSISTENCE INTO A BUSINESS THAT WORKS.THE PROGRAM HAS FOUR KEY COMPONENTS;(1) INCREASED STAPLE CROP PRODUCTIVITY (2) STRENGTHENED AND EXPANDED ACCESS TO NATIONAL AND REGIONAL MARKETS (3) INCREASED CAPACITY OF SMALL HOLDER FARMING HOUSEHOLDS AND AGRICULTURAL SYSTEMS TO BETTER PREPARE FOR AND ADAPT TO SHOCKS (4) STRENGTHENED CONTINENTAL, REGIONAL, AND GOVERNMENT MULTI-SECTORAL COORDINATION AND MUTUAL ACCOUNTABILITY IN THE AGRICULTURAL SECTOR.

    Expenses $62,334,877 · Grants $14,727,796 · Revenue $111,673

  • AFRICAN ENTERPRISE CHALLENGE FUND- AECF PROJECTS IN AFRICA. AECF SUPPORTS BUSINESSES WORKING IN AGRIBUSINESS, RURAL FINANCIAL SERVICES,RENEWABLE ENERGY AND TECHNOLOGIES THE AECF IS ESSENTIALLY ABOUT STIMULATING PRO-POOR GROWTH IN THE FOLLOWING WAYS;-INCREASING THE PACE OF ECONOMIC GROWTH BY STIMULATING PRIVATE SECTOR INVESTMENT IN AGRIBUSINESS,FINANCIAL SERVICES,RENEWABLE ENERGY;IMPROVING THE PATTERN OF GROWTH BY ENABLING THE RURAL POOR TO PARTICIPATE IN GROWTH AS AGENTS AND BENEFICIARIES,ENSURING THAT THE CROSS-CUTTING DIMENSIONS OF POVERTY AND ENVIRONMENT ARE TACKLED IN MUTUALLY REINFORCING WAYS EMPOWERING THE POOR BY IMPROVING THEIR VOICE AND ROLE IN THE ECONOMY AS WELL AS THEIR INCOME.

    Expenses $14,921,415 · Grants $14,921,415

  • AGRF-AFRICA GREEN REVOLUTION FORUM. AGRF IS AN ALLIANCE OF PARTNERS THAT CARE ABOUT, COMMIT TO AND DRIVE INCLUSIVE AGRICULTURAL TRANSFORMATION IN AFRICA. THE MISSION IS TO SECURE AFRICA'S RISE THROUGH AN AGRICULTURAL TRANSFORMATION.

    Expenses $3,109,169

  • AFRICAN SEED FUND LLC- ASIF-AFRICAN SEED INVESTMENT FUND (ASIF) WAS INCORPORATED ON AUGUST 18, 2010 IN THE REPUBLIC OF MAURITIUS AS PRIVATE COMPANY LIMITED BY SHARES, WITH LIMITED LIFE. THE FUND HAS A LIFE SPAN OF 10 YEARS WITH AN OPTION TO EXTEND IT FOR 2 ADDITIONAL YEARS. AGRA HOLDS 99.99% OF CLASS A SHARES EQUITY INTEREST IN ASIF WITH THE REMAINING 0.01% HELD BY PEARL CAPITAL PARTNERS AND ABAX NOMINEES LIMITED WHO HOLD CLASS B AND CLASS C SHARES RESPECTIVELY.

    Expenses $154,330

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

Listed in Part VII

  • Ada Osakwe

    DIRECTOR

    Total calculated
    $5,000
    From this org
    $5,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Binta Ntoye

    DIRECTOR

    Total calculated
    $14,200
    From this org
    $14,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • David Lane

    DIRECTOR

    Total calculated
    $17,800
    From this org
    $17,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Delphine Traore

    DIRECTOR

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Frank Braeken

    DIRECTOR

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • He Jakaya Kikwete

    DIRECTOR

    Total calculated
    $14,200
    From this org
    $14,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • He Hailemariam Dessalegn

    CHAIRMAN

    Total calculated
    $68,700
    From this org
    $68,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Hixonia Nyasulu

    DIRECTOR

    Total calculated
    $8,300
    From this org
    $8,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Joachim Von Braum

    DIRECTOR

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Lionel Zinsou

    DIRECTOR

    Total calculated
    $7,700
    From this org
    $7,700
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Mallika Srinivasan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Ndidi Okonkwo Nwuneil

    DIRECTOR

    Total calculated
    $5,100
    From this org
    $5,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Rodger Voorhies

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Roy Steiner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Annette Kahama

    GENERAL COUNSEL & BOARD SECRETARY

    Total calculated
    $114,790
    From this org
    $98,642
    From related orgs
    $0
    Other
    $16,148
    Hours/week
    40

  • Dr Agnes Kalibata

    PRESIDENT-AGRA

    Total calculated
    $348,245
    From this org
    $304,895
    From related orgs
    $0
    Other
    $43,350
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,129
    Bonus
    $0
    Other
    $79,766
    Deferred
    $43,350
    Nontaxable benefits
    $0
    Filer's total
    $348,245

  • Lilian Nyangaya

    CHIEF FINANCE OFFICER

    Total calculated
    $236,100
    From this org
    $203,837
    From related orgs
    $0
    Other
    $32,263
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,782
    Bonus
    $0
    Other
    $8,055
    Deferred
    $30,576
    Nontaxable benefits
    $1,687
    Filer's total
    $236,100

  • Agnes Konde

    VICE PRESIDENT, PROGRAM INNOVATION & DELIVERY

    Total calculated
    $250,413
    From this org
    $219,824
    From related orgs
    $0
    Other
    $30,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,824
    Bonus
    $0
    Other
    $60,000
    Deferred
    $30,589
    Nontaxable benefits
    $0
    Filer's total
    $250,413

  • Andrew Cox

    DIRECTOR - STRATEGY & MONITORING EVALUATION & LEAR

    Total calculated
    $246,966
    From this org
    $214,753
    From related orgs
    $0
    Other
    $32,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,955
    Bonus
    $0
    Other
    $105,798
    Deferred
    $32,213
    Nontaxable benefits
    $0
    Filer's total
    $246,966

  • Apollos Nwafor

    VICE PRESIDENT OF POLICY AND STATE CAPABILITY

    Total calculated
    $212,674
    From this org
    $184,934
    From related orgs
    $0
    Other
    $27,740
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $102,260
    Bonus
    $0
    Other
    $82,674
    Deferred
    $27,740
    Nontaxable benefits
    $0
    Filer's total
    $212,674

  • Dickson Naftali

    HEAD - THEMATIC PLATFORMS

    Total calculated
    $185,819
    From this org
    $165,086
    From related orgs
    $0
    Other
    $20,733
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,017
    Bonus
    $0
    Other
    $6,069
    Deferred
    $20,733
    Nontaxable benefits
    $0
    Filer's total
    $185,819

  • Folayinka Essan

    CHIEF OPERATING OFFICER

    Total calculated
    $250,294
    From this org
    $217,647
    From related orgs
    $0
    Other
    $32,647
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,557
    Bonus
    $0
    Other
    $56,090
    Deferred
    $32,647
    Nontaxable benefits
    $0
    Filer's total
    $250,294

  • Jeniffer Baarn

    HEAD OF PARTNERSHIPS

    Total calculated
    $184,381
    From this org
    $163,321
    From related orgs
    $0
    Other
    $21,060
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,120
    Bonus
    $0
    Other
    $38,201
    Deferred
    $21,060
    Nontaxable benefits
    $0
    Filer's total
    $184,381

  • Vanessa Adams

    VP-STRATEGIC PARTNERSHIP & CHIEF OF PARTY

    Total calculated
    $234,370
    From this org
    $203,800
    From related orgs
    $0
    Other
    $30,570
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,982
    Bonus
    $0
    Other
    $85,818
    Deferred
    $30,570
    Nontaxable benefits
    $0
    Filer's total
    $234,370

  • Boaz Keizire

    HEAD OF POLICY

    Total calculated
    $149,500
    From this org
    $130,000
    From related orgs
    $0
    Other
    $19,500
    Hours/week
    40

  • George Bigirwa

    HEAD OF SEED RESEARCH AND SYSTEMS DEVELOPMENT

    Total calculated
    $199,752
    From this org
    $173,697
    From related orgs
    $0
    Other
    $26,055
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $89,872
    Bonus
    $0
    Other
    $83,825
    Deferred
    $26,055
    Nontaxable benefits
    $0
    Filer's total
    $199,752

  • Hedwig Siewertsen

    HEAD OF INCLUSIVE FINANCE

    Total calculated
    $167,440
    From this org
    $145,600
    From related orgs
    $0
    Other
    $21,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $91,112
    Bonus
    $0
    Other
    $54,488
    Deferred
    $21,840
    Nontaxable benefits
    $0
    Filer's total
    $167,440

  • Hillary Tororey

    HEAD INTERNAL AUDIT

    Total calculated
    $170,469
    From this org
    $148,708
    From related orgs
    $0
    Other
    $21,761
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,496
    Bonus
    $0
    Other
    $6,212
    Deferred
    $21,761
    Nontaxable benefits
    $0
    Filer's total
    $170,469

  • Jean Jaqcues Muhinda

    REGIONAL MANAGER - EAST & SOUTHERN AFRICA

    Total calculated
    $158,375
    From this org
    $138,875
    From related orgs
    $0
    Other
    $19,500
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $29,476
    Bonus
    $0
    Other
    $109,399
    Deferred
    $19,500
    Nontaxable benefits
    $0
    Filer's total
    $158,375

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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
ALL REGIONALLY RECRUITED STAFF ARE ENTITLED AN ANNUALL HOUSE ALLOWANCE OF $27,000. ADDITIONALLY, THEY ARE ENTITLED SCHOOL FEES ALLOWANCE TO MAXIMUM OF INTERNATIONALLY RECRUITED EMPLOYEES ARE ALSO ENTITLED SCHOOL FEES ALLOWANCE TO A MAXIMUM OF $16,000 PER DEPENDEND AND REIMBURSMENTS ARE MADE UPON RECEIPT OF INVOICE AND PROOF OF PAYMENT BY THE EMPLOYEES.
PART I, LINE 1B
REIMBURSMENTS ARE MADE UPON RECEIPT OF INVOICE AND PROOF OF PAYMENT BY STAFF.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AFRICA ENTERPRISE CHALLENGE FUND

    GRANT MAKING · DE · income $14,084,000 · assets $28,768,000

    Directly controlled by AGRA

Related corporations and trusts

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

  • AFRICAN SEED INVESTMENT FUND

    C · INVESTMENT · MP · 99.99% owned · share of assets $644,000 · controlled entity

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313199349330761

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