2024-08-01T10:40:16-05:00 2023-12-31 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2023-01-01 203668110 One Acre Fund % GIDEON MAINA ONEA 8155729714 2070 Green Bay Road Suite 183 Highland Park IL 60035 Eric Pohlman CEO 8155729714 2024-08-01 true true Paul Hammerschmidt P01384178 2128858000 2023 2024-08-08 14:25:15Z Eric Pohlman 2070 GREEN BAY ROAD STE 183 Highland Park IL 60035 248916935 false X www.oneacrefund.org X 2005 IL TO EMPOWER CHRONICALLY HUNGRY FARM FAMILIES IN AFRICA TO LIFT THEMSELVES OUT OF HUNGER AND POVERTY. 10 8 80 8 0 0 76801462 143375767 137372325 101685538 142724 450367 -500344 677344 213816167 246189016 13038070 11924393 0 0 57457408 64581447 0 0 8274859 166814316 150549260 237309794 227055100 -23493627 19133916 223099275 247603752 120874401 133585136 102224874 114018616 TO EMPOWER CHRONICALLY HUNGRY FARM FAMILIES IN AFRICA TO LIFT THEMSELVES OUT OF HUNGER AND POVERTY. ONE ACRE FUND ACHIEVES ITS MISSION BY WORKING WITH SELF-HELP GROUPS IN RURAL VILLAGES TO DELIBERATELY REACH THE MOST SEVERELY HUNGER-AFFECTED. false false 208410333 11924392 101685538 THE ORGANIZATION STARTED WORKING WITH 40 FARM FAMILIES IN JANUARY 2006. AS OF DECEMBER 31, 2023 IT IS SERVING OVER 1,545,000 FARMERS IN AFRICA TO TEACH THEM MORE PRODUCTIVE FARMING METHODS AND HELP ELIMINATE HUNGER. THE ORGANIZATION REACHED OVER 8.3 MILLION PEOPLE IN THOSE FAMILIES. 208410333 true true false true false false false false false false true false false false true true false true false true true true false false true false false true false true false false false false false false false false true false false false true true true true true false true X 2 0 true 80 true false true BY ET KE MI NI RW TZ UG ZA false false false true true false false false false false false X 10 8 false false true false false false false true true false false true true true true true true true false false IL X GIDEON MAINA 8155729714 2070 GREEN BAY ROAD SUITE 183 highland park IL 60035 X ANDREW YOUN EXECUTIVE DIRECTOR 35.0 0.0 X X 266030 0 12846 MATTHEW FORTI MANAGING DIR., OAF USA/SECY. 50.0 0.0 X X 199166 0 23772 AYANDA MNGADI CHIEF FINANCIAL OFFICER 50.0 0.0 X 214788 0 4443 JOHN CLARK KENYA CHIEF EXECUTIVE OFFICER 50.0 0.0 X 214231 0 4443 BRIAN HEESE INVESTOR RELATIONS DIRECTOR 50.0 0.0 X 195200 0 4505 ANNA CARSON BUSINESS DEVELOPMENT SR. DIR. 50.0 0.0 X 189114 0 4443 SARAH HYLDEN DIRECTOR OF GLOBAL OPERATIONS 50.0 0.0 X 164955 0 17266 JOHN MUNDY DIR., BUSINESS DEVELOPMENT 50.0 0.0 X 180291 0 0 MATTHEW SABIN GROWTH UNIT DIRECTOR 50.0 0.0 X 163953 0 12846 ERIC POHLMAN RWANDA COUNTRY DIRECTOR 50.0 0.0 X 159455 0 12846 JAMES MWANGI BOARD CHAIR 3.0 0.0 X 0 0 0 JOEL ACKERMAN BOARD MEMBER 3.0 0.0 X 0 0 0 AGNES GATHAIYA BOARD MEMBER 3.0 0.0 X 0 0 0 KARL HOFMANN BOARD MEMBER 3.0 0.0 X 0 0 0 WILLIAM KAYONGA BOARD MEMBER 3.0 0.0 X 0 0 0 KANINI MUTOONI BOARD MEMBER 3.0 0.0 X 0 0 0 FRED OGANA BOARD MEMBER 3.0 0.0 X 0 0 0 ADA OSAKWE BOARD MEMBER 3.0 0.0 X 0 0 0 1947183 0 97410 18 false true false ETERNUM LTD 108 FIELD END ROAD PINNER MIDDLESEX UK HA5 1RL INFORMATION TECH. 1128927 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 AUDIT & TAX 218101 IDEOORG 395 HUDSON STREET 8TH FLOOR NEW YORK NY 10014 DESIGN SERVICES 162000 CAPTURE MARKETING LIMITED 60 GREAT PORTLAND STREET LONDON 0 UK W1W 7RT ADVERTISING 140129 Soapbox Communication Ltd 126 BACK CHURCH LANE LONDON ENGLAND UK E1 1FH PUBLIC RELATIONS 134979 8 856434 52028845 90490488 2155756 143375767 PROGRAM FEES 111000 67243053 67243053 SEED AND FERTILIZER SALES 111000 34442485 34442485 101685538 356285 356285 0 0 0 0 0 2155756 555900 2155756 461818 94082 94082 94082 110345 856434 110345 0 0 0 0 0 0 LOSSES ON FARMERS CROP INSURANCE 111000 -187431 -187431 MISCELLANEOUS INCOME 111000 864775 864775 677344 246189016 101685538 1127711 21066 21066 0 11903327 11903327 0 1112020 831950 161058 119012 0 38335350 28680349 5552249 4102752 0 13359703 9994976 1934935 1429792 11774374 8808923 1705326 1260125 0 253852 195805 11947 46100 270431 208593 12728 49110 75000 75000 0 0 4638052 3615177 225161 797714 1268471 1268471 641296 632387 6624 2285 0 0 6774120 6603771 103589 66760 5557831 5058406 271738 227687 0 0 2764199 2764199 0 1811151 1811151 262803 248477 10652 3674 FARMING SUPPLIES 98264240 98264240 GENERAL SUPPLIES 9184984 8836362 259212 89410 FARMING TRANSPORTATION 5489328 5489328 BAD DEBT EXPENSE 4871928 4871928 8421574 8226447 114689 80438 227055100 208410333 10369908 8274859 49052327 54903497 0 0 56944908 100952118 25032159 15197047 0 0 0 0 0 0 59053387 42391714 12697985 14747074 24329323 8790343 16444727 15538980 0 0 1006079 1666528 0 0 0 0 2867703 2206794 223099275 247603752 10876942 5122359 0 0 39034632 40699180 0 0 0 0 0 0 0 0 68457211 85525157 2505616 2238440 120874401 133585136 X 18198614 -2319526 84026260 116338142 102224874 114018616 223099275 247603752 X 19133916 -7340174 X false true X true false X 84879918 86059438 131182954 76801462 143375767 522299539 0 0 84879918 86059438 131182954 76801462 143375767 522299539 68694735 453604804 262683 159974 147936 139823 356285 1066701 0 0 0 0 0 0 209146 434332 -405227 -500344 677344 415251 523781491 524065454 0.86602 0.86378 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90916 90916 218689325 218780241 1000000 250000 1000000 1000000 1500000 90916 90916 250000 250000 375000 1721192 1721192 13419535 4511664 8907871 8710881 4278679 4432202 477715 477715 15538980 0 TAXES PAYABLE 1148033 OTHER EMPLOYEE RELATED LIABILITIES 1090407 2238440 X PART X, LINE 2: ONE ACRE FUND is a not-for-profit organization that is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, a provision for income taxes has not been made in the consolidated financial statements. The Organization is also classified as other than a private foundation. The Organization has no unrelated business income during the year ended December 31, 2023, therefore, no provision for federal or state income taxes has been made in the accompanying consolidated financial statements. The Organization had no income tax expense for the year ended December 31, 2023. Under GAAP, an organization must recognize the tax liability associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. The Organization does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits. The Organization has filed for and received income tax exemptions in the jurisdictions where it is required to do so. Additionally, the Organization has filed Internal Revenue Service (IRS) Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2023, there were no interest or penalties recorded or included in the consolidated statements of activities. The Organization is subject to a routine audit by taxing authorities. true Sub-Saharan Africa 7 7663 Program Services FARMING and EDUCATION 194769466 Europe (Including Iceland and Greenland) 2 12 Grantmaking 16036 Sub-Saharan Africa 2 801 Grantmaking 11887291 11 8476 11 8476 206672793 206672793 Europe (Including Iceland and Greenland) 16036 WIRE Sub-Saharan Africa 5858199 WIRE Sub-Saharan Africa 4745106 WIRE Sub-Saharan Africa 1031616 WIRE Sub-Saharan Africa 109500 WIRE Sub-Saharan Africa 98123 WIRE Sub-Saharan Africa 44747 WIRE 6 1 true true true false false false PART I, LINE 2: ONE ACRE FUND AWARDED GRANTS FOR PROGRAM SERVICE SUPPORT TO ITS RELATED ENTITIES FOR OVERSEAS OPERATIONS IN 2 COUNTRIES. THESE FOREIGN ORGANIZATIONS SHARE THE SAME PROGRAM MISSION, POLICIES, PROCEDURES, MANAGEMENT AND BOARD OVERSIGHT AS ONE ACRE FUND. MANAGEMENT AND THE BOARD OF DIRECTORS HAVE THE PRIMARY RESPONSIBILITY OF OVERSEEING THE DISTRIBUTION OF GRANTS. ANNUAL GALA 966779 856434 110345 110345 0 966779 856434 110345 110345 110345 true Columbia University 116th and broadway new york NY 10027 135598093 501(c)(3) 21066 1 PART I, LINE 2: The grantee submits a report on a semi-annual basis, which One Acre Fund reviews and collates with its own progress report before submitting it to the donor. Prior to the payment of any invoice from the grantee, the invoice is reviewed by the implementation team and approved by the fundraising team. This process ensures a strong maker and checker system. X X true true X X X false false false false false false false false false ANDREW YOUN EXECUTIVE DIRECTOR 177800 0 71950 0 16280 0 0 0 12846 0 278876 0 0 0 MATTHEW FORTI MANAGING DIR., OAF USA/SECY. 176100 0 23066 0 0 0 0 0 23772 0 222938 0 0 0 AYANDA MNGADI CHIEF FINANCIAL OFFICER 160290 0 8970 0 45528 0 0 0 4443 0 219231 0 0 0 JOHN CLARK KENYA CHIEF EXECUTIVE OFFICER 170257 0 1410 0 42564 0 0 0 4443 0 218674 0 0 0 BRIAN HEESE INVESTOR RELATIONS DIRECTOR 177875 0 15895 0 1430 0 0 0 4505 0 199705 0 0 0 ERIC POHLMAN RWANDA COUNTRY DIRECTOR 139230 0 12455 0 7770 0 0 0 12846 0 172301 0 0 0 MATTHEW SABIN GROWTH UNIT DIRECTOR 132663 0 15118 0 16172 0 0 0 12846 0 176799 0 0 0 ANNA CARSON BUSINESS DEVELOPMENT SR. DIR. 142163 0 11411 0 35540 0 0 0 4443 0 193557 0 0 0 SARAH HYLDEN DIRECTOR OF GLOBAL OPERATIONS 143194 0 12265 0 9496 0 0 0 17266 0 182221 0 0 0 JOHN MUNDY DIR., BUSINESS DEVELOPMENT 167432 0 11429 0 1430 0 0 0 0 0 180291 0 0 0 PART I, LINE 1B: ONE ACRE FUND HAS A POLICY THAT COVERS REIMBURSEMENT OF HOUSING ALLOWANCE AND HOME OFFICE EXPENSES, HOWEVER THE POLICY DOES NOT EXPLICITLY STATE THE AMOUNT PROVIDED TO THE MANAGING DIRECTOR. THIS AMOUNT IS APPROVED BY THE DIRECTOR OF HUMAN RESOURCES. X 17 2155756 MARKET QUOTATION false true false PART I, COLUMN (B): THE FILING ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, DECONSOLIDATION OF AUDITED FINANCIAL STATEMENTS: FOR 2023, THE FOLLOWING ENTITIES HAVE BEEN CONSOLIDATED ON THE AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH U.S. GAAP, HOWEVER FOR FORM 990 PURPOSES HAVE BEEN DECONSOLIDATED: - ONE ACRE UK - ONE ACRE STICHTING - REGISTERED TRUSTEES OF ONE ACRE FUND (MALAWI) - ONE ACRE FARMERS ORGANIZATION ONE ACRE UK AND ONE ACRE STICHTING ARE FOREIGN-RECOGNIZED, NON-501(C)(3) NOT-FOR-PROFITS IN THE UK AND NETHERLANDS, RESPECTIVELY, AND AS SUCH HAVE BEEN DECONSOLIDATED ON THE FORM 990. REGISTERED TRUSTEES OF ONE ACRE FUND (MALAWI) IS A FOREIGN-RECOGNIZED CORPORATION IN MALAWI AND AS SUCH HAS BEEN DECONSOLIDATED ON THE FORM 990. ONE ACRE FARMERS ORGANIZATION IS A FOREIGN-RECOGNIZED TRUST/NONGOVERNMENT ORGANIZATION (NGO) IN NIGERIA AND AS SUCH HAS BEEN DECONSOLIDATED ON THE FORM 990. FORM 990, PART VI, SECTION A, LINE 4: THE ORGANIZATION AMENDED ITS BYLAWS EFFECTIVE SEPTEMBER 28, 2023 TO SEPARATE THE ROLES OF PRESIDENT AND THE NEWLY ESTABLISHED POSTION, CHIEF EXECUTIVE OFFICER (CEO), WHICH WERE PREVIOUSLY HELD BY ONE INDIVIDUAL. THE RESPONSIBILITIES PREVIOUSLY HELD BY THE PRESIDENT AND CEO, INCLUDING SUPERVISION AND CONTROL OF THE ORGANIZATION'S AFFAIRS AND THE ACTIVITIES OF THE OFFICERS, ARE NOW ASSIGNED TO THE NEWLY ESTABLISHED CEO POSITION. THE CEO BEGAN EMPLOYMENT IN MARCH 2024. FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE CFO REVIEWS AND THEN FORWARDS THE DRAFT FORM 990 TO THE BOARD CHAIR, WHO ALSO REVIEWS AND APPROVES. EACH BOARD MEMBER IS SUPPLIED WITH A COPY OF THE FEDERAL RETURN AS WELL. FORM 990, PART VI, SECTION B, LINE 12C: EVERY YEAR AT A BOARD MEETING EACH MEMBER IS ASKED TO UPDATE/DISCLOSE CONFLICTS OF INTEREST, IF ANY. SIMILARLY, KEY STAFF MEMBERS LISTED ON FORM 990 ARE REQUIRED TO UPDATE/DISCLOSE CONFLICTS OF INTEREST ANNUALLY. ANY SUSPICION OF UNDISCLOSED CONFLICTS OF INTEREST ARE TIMELY INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15A: THE INDEPENDENT BOARD OF DIRECTORS ANNUALLY REVIEW THE FAIRNESS OF THE EXECUTIVE DIRECTOR'S COMPENSATION AND BENEFITS BASED ON A RIGOROUS INTERNAL ANALYSIS WHICH IDENTIFIES A COMPARABLE SET OF PEERS AND GATHERS THEIR PUBLICLY AVAILABLE COMPENSATION INFORMATION. THE INDEPENDENT BOARD HAS REVIEWED AND APPROVED ADJUSTMENTS IN THE EXECUTIVE DIRECTOR'S COMPENSATION AND BENEFITS. THE MINUTES OF DECISION OF THE BOARD IS PREPARED BEFORE THE LATER OF THE NEXT MEETING OR 60 DAYS AFTER THE FINAL DECISION OF THE BOARD AND THE COMMITTEE. THE COMPENSATION MEMORANDUM RECORD A) THE DATE OF THE DECISION B) THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT C) THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED D) THE COMPARABLE DATA USED AND E) HOW THE COMPARABLE DATA WAS OBTAINED. FORM 990, PART VI, SECTION B, LINE 15B: OTHER OFFICERS AND KEY EMPLOYEES' PERFORMANCES ARE REVIEWED BY THE EXECUTIVE DIRECTOR, WHO ALSO APPROVES THEIR COMPENSATION WITHIN THE BOARD-APPROVED BUDGET. AN ANNUAL COMPENSATION SURVEY IS ALSO DONE TO AID IN THE DECISION. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE AND PAST FINANCIAL STATEMENTS ARE AVAILABLE ON THE ILLINOIS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART VII, SECTION A: THE ORGANIZATIONS BYLAWS PROVIDE THAT ANY MEMBER MAY SERVE AS AN OFFICER OF THIS CORPORATION. THE BOARD CHAIR HAS NOT BEEN ELECTED AS AN OFFICER OF THE CORPORATION OR OF THE BOARD. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY REMEASUREMENT LOSS............$(7,340,174) SMALLHOLDER RESILIENCE VENTURES LLC 2070 GREEN BAY ROAD SUITE 183 HIGHLAND PARK IL 60035 922137222 FUNDRAISE DE 0 0 NA ONE ACRE UK LIMITED Kemp House 152 - 160 City Rd london UK EC1V 2NX ASST. FARMERS UK FOREIGN FOREIGN NA false ONE ACRE STICHTING Fluwelen Burgwal 58 The Hague NL 2511 CJ ASST. FARMERS NL FOREIGN FOREIGN NA false REGISTERED TRUSTEES OF ONE ACRE FUND PO BOX 300 ZOMBA MI FARMING MI ONE ACRE FUND FOREIGN CORP 17915049 10462053 1.00000 true ONE ACRE FARMERS ORGANIZATION Plot 2563 Hassan Musa JASTINA ST Asokoro Abuja NI FARMING NI ONE ACRE FUND FOREIGN TRUST 12410718 4454910 1.00000 true false true false false false false false false false false false false false false false false false false false ONE ACRE FARMERS ORGANIZATION B 4745106 COST REGISTERED TRUSTEES OF ONE ACRE FUND B 5858199 COST