2024-11-15T19:51:46-06:00 2023-12-31 522010201 MILLERMUSMAR CPAS 2100 RESTON PARKWAY SUITE 400 RESTON VA 20191 990 2023-01-01 133535334 SMALL ENTERPRISE ASSISTANCE FUNDS SMAL 2027378463 1500 K STREET NW 375 WASHINGTON DC 20005 HUBERTUS VAN DER VAART VICE PRESIDENT 2027378463 2024-11-15 1 0 G F MUSMAR CPA P00176506 7034378877 2024-11-15 2023 2024-10-15 13:58:12Z SEAF ROBERT VODICKA 1500 K STREET NW WASHINGTON DC 20005 8610555 0 X HTTP://SEAFWEB.ORG X 1989 NY SEAF IS PRIMARILY ENGAGED AS A FUND MANAGER TO SUPPORT THE PROMOTION AND DEVELOPMENT OF SMALL AND MEDIUM-SIZE BUSINESSES IN DEVELOPING COUNTRIES. 10 6 16 0 0 0 3229979 3497486 4116195 2975136 825728 1701454 1073469 285570 9245371 8459646 0 0 0 0 4813791 3838328 0 0 0 5106379 5859057 9920170 9697385 -674799 -1237739 32275711 38248042 27314572 34002778 4961139 4245264 X SEAF'S MISSION IS IMPROVING LIVES AND COMMUNITIES THROUGH ENTREPRENEUR-LED DEVELOPMENT. 0 0 7638538 3260706 THE SMALL ENTERPRISE ASSISTANCE FUNDS ON SEPTEMBER 1ST, 2015 ENTERED INTO A COOPERATIVE AGREEMENT FOR $3,898,099 WITH THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT TO ESTABLISH AN INVESTMENT MANAGEMENT COMPANY (IM) TO SUPPORT THE START- UP INVESTMENT ECOSYSTEM IN MOROCCO. AS PART OF THE PROGRAM ACTIVITIES, SEAF AGREED TO ESTABLISH AN IM AS A NEW WHOLLY OWNED SUBSIDIARY OF SEAF AND USE THE GRANT FUNDS TO MAKE PERIODIC CONTRIBUTIONS TO THE IM IN EXCHANGE FOR BEING ISSUED EQUITY INTERESTS IN THE IM. COLOMBIA AGRIBUSINESS : THE SMALL ENTERPRISE ASSISTANCE FUNDS ON MARCH 19TH, 2015 WAS AWARDED A $2,795,500 FROM THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT COLOMBIA MISSION TO ESTABLISH AN AGRIBUSINESS FUND WITH THE GOAL OF REALIZING SUSTAINABLE IMPACT THROUGH INVESTMENT AND DEVELOPMENT ACTIVITIES. TANZANIA - ON SEPTEMBER 29, 2014, SEAF SIGNED AN AGREEMENT WITH USDA FOR THE FOOD FOR PROGRESS GRANT, FOCUSED ON THE COUNTRY OF TANZANIA. SEAF RECEIVED FUNDS THROUGH CCC AND MONETIZATION PROCEEDS. DURING 2015, SEAF MONETIZED THE FIRST 12,000 MT OF WHEAT. DURING 2016, SEAF MONETIZED 11,000 MT OF WHEAT. DURING 2017, SEAF MADE INVESTMENTS OF $2,000,000 INTO PORTFOLIO COMPANIES IN THE TANZANIA REGION. DURING 2019, SEAF MADE INVESTMENTS OF $1,150,000 INTO PORTFOLIO COMPANIES IN THE TANZANIA REGION. THE TOTAL CARRYING VALUE OF THE INVESTMENTS AS OF DECEMBER 31, 2023 AND 2022 WAS $725,081 AND $800,261 RESPECTIVELY. INDIA AGRIBUSINESS FUND--SEAF INDIA AGRIBUSINESS INTERNATIONAL FUND (THE "INT'L FUND") WAS INCORPORATED ON 05 JUNE 2009 AND DOMICILED IN MAURITIUS. IN 2013, THE INTERNATIONAL FUND HAD ITS FINAL CLOSING WITH TOTAL COMMITMENTS OF $26,550,000 FROM SEVEN MEMBERS. THE INVESTMENT MANAGER OF THE INT'L FUND IS SEAF INVESTMENT MANAGEMENT COMPANY (SIMC), A PRIVATE COMPANY LIMITED BY SHARES INCORPORATED UNDER THE LAWS OF MAURITIUS ON JUNE 5, 2009 AND IS 100% OWNED BY SEAF. THE SEAF INDIA AGRIBUSINESS FUND (THE DOMESTIC FUND) IS STRUCTURED AS A SCHEME OF THE SEAF INDIA INVESTMENT TRUST, A CONTRIBUTORY TRUST UNDER THE PROVISIONS OF THE TRUSTS ACT, 1882, WHEREIN IL&FS TRUST COMPANY LIMITED, A COMPANY INCORPORATED UNDER THE COMPANIES ACT (1956), IS ACTING AS THE TRUSTEE OF THE TRUST. THE TRUSTEE HAS APPOINTED THE DOMESTIC FUND'S INVESTMENT MANAGER TO BE SEAF INDIA INVESTMENT ADVISORS PRIVATE LIMITED (IAC), AN INDIAN ENTITY ESTABLISHED BY SEAF.THE SMALL ENTERPRISE ASSISTANCE FUNDS ON OCTOBER 1ST, 2019 WAS AWARDED A $999,966 GRANT FROM THE U.S DEPARTMENT OF STATE TO PROMOTE THE FINTECH SECTOR IN MOROCCO AND TUNISIA BY TRAINING THE NEXT GENERATION OF ENTREPRENEURS AND INNOVATORS. THE PROJECT IS A 3 YEAR PROGRAM WHICH INCLUDES FOUR OBJECTIVES: 1) MOROCCAN AND TUNISIAN START-UPS INCREASE THEIR EXPERTISE IN MANAGEMENT AND SCALING UP 2) MOROCCAN AND TUNISIAN START-UPS GAIN ACCESS TO MARKETS THROUGH MATCHMAKING AND PARTNERSHIPS WITH U.S MARKETS. 3) MOROCCAN AND TUNISIAN START-UPS GAIN ACCESS TO FUNDING AND INVESTORS BY ENGAGING THE U.S PRIVATE SECTOR AS WELL AS MENA PRIVATE CORPORATIONS AND INVESTORS TO POTENTIALLY ADDRESS AREAS FOR IMPROVEMENT TO ENHANCE THE POSITION OF MOROCCAN AND TUNISIAN FINTECH SECTORS FOR INVESTMENT 4) U.S AND LOCAL PRIVATE SECTORS GAIN ACCESS TO TALENT OF MOROCCAN AND TUNISIAN START-UPS USING ACADEMIC ALUMNI ASSOCIATIONS. 7638538 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 6 0 1 16 1 0 1 BG 0 0 0 0 0 0 0 0 X 10 6 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NY X ROBERT VODICKA 2027378463 1500 K STREET NW 375 WASHINGTON DC 20005 JAVED HAMID CHAIRMAN 1.00 X X 0 0 0 ROBERT VODICKA TREASURER 40.00 X 210000 0 10000 GARY DODGE MANAGING DIRECTOR 40.00 X 169257 0 7238 PETER RIGHI CEED GLOBAL DIRECTOR 40.00 X 210332 0 10016 JAN CHERIM DIRECTOR 40.00 X 0 0 0 TOM MONACO DIRECTOR 40.00 X 0 0 0 PAUL SHEEHAN DIRECTOR 40.00 X 0 0 0 HUBERTUS VAN DER VAART PRESIDENT 40.00 X X 323930 0 15000 ALPHONSUS MARCELIS DIRECTOR 1.00 X 0 0 0 YASMIN SAADAT DIRECTOR 1.00 X 0 0 0 OSCAR CASTANEDA DIRECTOR 1.00 X 0 0 0 TERRY WYER DIRECTOR 1.00 X 0 0 0 CHRISTINE PHILLPOTTS DIRECTOR 1.00 X 0 0 0 913519 0 42254 4 0 1 0 0 311121 3186365 3497486 MANAGEMENT & ADMIN FEE 900099 2859479 2859479 PROGRAM INCOME 900099 115657 115657 2975136 1852363 1852363 150909 -150909 -150909 -150909 OTHER REVENUE 900099 285570 285570 285570 8459646 3260706 0 1701454 X 955773 817214 138559 2054028 1756253 297775 585392 464136 121256 243135 235742 7393 3129635 2630222 499413 440379 220555 219824 437871 198962 238909 345064 287557 57507 1108327 787084 321243 4980 2342 2638 188317 145087 43230 OTHER EXPENSES 204484 93384 111100 9697385 7638538 2058847 0 5088723 6740690 325083 455421 636938 333356 207415 39385 1556236 1469726 77942 86510 25196577 30062620 743033 530060 32275711 38248042 3620759 3201488 1999026 2407847 20274529 22987500 4315159 1420258 1090784 27314572 34002778 X 4961139 4194775 50489 4961139 4245264 32275711 38248042 -1237739 467969 53895 0 X 0 1 X 0 0 X 11687303 6731201 4548529 7346174 3497486 33810693 11687303 6731201 4548529 7346174 3497486 33810693 33810693 1295147 569355 278931 848582 1852363 4844378 206307 2487020 1309570 1073469 3109797 8186163 46841234 0.72180 0.81840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1556236 1469726 86510 86510 OTHER INVESTMENTS 30062620 C 30062620 REFUNDABLE ADVANCE 600000 LEASE LIABILITY 490784 1090784 X 8927615 467969 467969 8459646 0 8459646 9697385 0 9697385 0 9697385 PART X, LINE 2: SEAF IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, SEAF HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE (IRS) NOT TO BE A PRIVATE FOUNDATION. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO SEAF'S TAX-EXEMPT PURPOSES MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. CURRENTLY, SEAF HAS NO OBLIGATION FOR ANY UNRELATED BUSINESS INCOME TAX. SEAF HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, INFORMATION RETURNS FOR TAX YEARS PRIOR TO 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. 1 INVESTMENTS 1 4 INVESTMENTS 2741064 INVESTMENTS 0 0 INVESTMENTS 18550076 INVESTMENTS 4 9 INVESTMENTS 2590406 TOTAL EXPENDITURES FOR REGION INCLUDING SUBRECIPIENT EXPENSES 3 9 TOTAL EXPENDITURES FOR REGION INCLUDING SUBRECIPIENT EXPENSES 5759682 INVESTMENTS 1 2 INVESTMENTS 652198 INVESTMENTS 1 3 INVESTMENTS 528751 INVESTMENTS 2 10 INVESTMENTS 258704 INVESTMENTS 2 8 INVESTMENTS 1297140 14 45 0 0 14 45 32378021 0 32378021 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ROBERT VODICKA TREASURER 210000 0 0 0 0 0 10000 0 0 0 220000 0 0 0 GARY DODGE MANAGING DIRECTOR 169257 0 0 0 0 0 7238 0 0 0 176495 0 0 0 PETER RIGHI CEED GLOBAL DIRECTOR 210332 0 0 0 0 0 10016 0 0 0 220348 0 0 0 HUBERTUS VAN DER VAART PRESIDENT 323930 0 0 0 0 0 15000 0 0 0 338930 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C SENIOR MANAGEMENT AND THE BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING WITH THE IRS. FOLLOWING: ANNUAL PERSONAL HOLDINGS REPORT, DISCIPLINARY QUESTIONNAIRE OUTSIDE INVESTMENT ADVISORY ACTIVITY DISCLOSURE, AND COMPLIANCE MANUAL AND CODE OF ETHICS ACKNOWLEDGEMENTS. ON A QUARTERLY BASIS, EACH COVERED PERSON IS REQUIRED TO SUBMIT A PERSONAL TRANSACTIONS REPORT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATIONS LEVELS FOR SENIOR MANAGEMENT ARE REVIEWED ANNUALLY BY THE CEO. ADJUSTMENTS TO SALARY LEVELS AND BONUSES (IF ANY) ARE DETERMINED BY THE CFO, IN CONJUNCTION WITH THE COMPANY CHAIRMAN (OFFICER OF THE COMPANY) BASED ON MARKET RATE COMPARISONS, PERSONAL ACHIEVEMENTS, AND BUDGETARY CONSTRAINTS. THE CFO THEN SUBMITS HIS RECOMMENDATIONS TO THE INDEPENDENT CHAIRMAN OF THE BOARD. UPON THE CHAIRMAN'S APPROVAL, THE RECOMMENDATIONS ARE THEN CIRCULATED TO THE OTHER INDEPENDENT BOARD MEMBERS FOR THEIR APPROVAL. COMPENSATION FOR ALL COMPANY OFFICERS IS DETERMINED VIA THE SAME PROCESS AS DESCRIBED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G PROFESSIONAL AND CONSULTING FEES: PROGRAM SERVICE EXPENSES 2,630,222. MANAGEMENT AND GENERAL EXPENSES 499,413. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,129,635. LOAN & EQUITY INVESTMENT 20 MARSHALL ST SOUTH NORWALK CT 06854 264041644 LOAN & EQUITY INVESTMENT DE 0 1169 SMALL ENTERPRISE ASSISTANCE FUNDS LOAN & EQUITY INVESTMENT EMMAPLEIN 2 3RD FLOOR 1075 AW AMS NL 000000000 FUND MANAGER OC 124770 13644 SMALL ENTERPRISE ASSISTANCE FUNDS LOAN & EQUITY INVESTMENT 1201 NORTH MARKET STREET 18TH FLOOR NEW CASTLE COUNTY DE 19801 133535334 FUND MANAGER DE 1058184 387367 SMALL ENTERPRISE ASSISTANCE FUNDS LOAN & EQUITY INVESTMENT 1500 K STREET SUITE 375 WASHINGTON DC 20005 872245073 FUND MANAGER DE 106048 986312 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF COVID-19 GLOBAL GENDER LENS EMERGENCY LOAN FINANCE LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 872229406 FUND MANAGER DE 1862085 16903404 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF MANAGEMENT LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 522249866 FUND MANAGER DE 4606034 31317198 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF MANAGEMENT SICHUAN LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 522286502 FUND MANAGER DE 0 0 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF SME FINANCE LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 383767105 FUND MANAGER DE 0 0 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF SPECIAL INVESTMENT PARTNERSHIP #1 SPV LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 813747387 MAKES INVESTMENTS INTO MACEDONIA 2 FUND DE 0 0 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF VENTURES MANAGEMENT LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 272970160 FUND MANAGER DE 20066 461295 SMALL ENTERPRISE ASSISTANCE FUNDS WEST CHINA INVESTMENT CONSULTANTS LLC ZHONGFU BUILDING OFFICE 2307 ZHONG CH 522304247 FUND MANAGER OC 0 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF CARIBBEAN LOAN FINANCE LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 133535334 FUND MANAGER DE 84208 1023948 SMALL ENTERPRISE ASSISTANCE FUNDS TUNISIA RESILIENCE FUND LLC 1500 K STREET SUITE 375 WASHINGTON DC 20005 133535334 FUND MANAGER DE 19093 524706 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF MACEDONIA II FUND LP 1500 K STREET STE 375 WASHINGTON DC 20005 464747256 LOAN & EQUITY INVESTMENT DE 34147 387064 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF COVID-19 CAUCASUS SUB LOAN FACILITY 1500 K STREET STE 375 WASHINGTON DC 20005 000000000 FUND MANAGER DE 1521 812841 SMALL ENTERPRISE ASSISTANCE FUNDS SEAF BANGLADESH VENTURES LLC 1500 K ST NW STE 375 WASHINGTON DC 20005 272970589 LOAN & EQUITY INVESTMENT DE SMALL ENTERPRISE ASSISTANCE FUNDS RELATED -3501 41590 0 1 0.00280 SEAF INDIA AGRIBUSINESS INTERNATIONAL FUND 1500 K ST NW STE 375 WASHINGTON DC 20005 981051316 LOAN & EQUITY INVESTMENT DE SMALL ENTERPRISE ASSISTANCE FUNDS RELATED 0 1 0.08590 SEAF SINGLE VINTAGE FLEX FUND LP 1500 K ST NW STE 375 WASHINGTON DC 20005 475336331 LOAN & EQUITY INVESTMENT DE SMALL ENTERPRISE ASSISTANCE FUNDS RELATED 40069 769779 0 1 0.40510 SEAF CARIBBEAN SME INTERNATIONAL LP 1500 K ST NW STE 375 WASHINGTON DC 20005 981572524 LOAN & EQUITY INVESTMENT DE SMALL ENTERPRISE ASSISTANCE FUNDS RELATED 265638 13809125 0 1 0.02000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SCH R THE FOLLOWING GIFTS/GRANTS WERE RECEIVED FROM RELATED ORGANIZATIONS AND UNRELATED PARTNERSHIPS: 1. SEAF MOROCCO GROWTH FUND $514,723 2. SEAF CARIBBEAN SME GROWTH INVESTMENTS LTD $183,009