2024-10-29T15:43:49-05:00 2023-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2023-01-01 843344516 ACELI AFRICA INC ACEL 2029877700 1401 K STREET NW 900 WASHINGTON DC 20005 ELIZABETH VANDERWOUDE CFO/TREASURER 2029877700 2024-10-29 1 0 AARON M FOX P01365820 2022274000 2024-10-29 2023 2024-10-15 13:58:12Z ELIZABETH VANDERWOUDE 1401 K STREET NW 900 WASHINGTON DC 20005 12037358 0 X ACELIAFRICA.ORG X 2019 NY ACELI INCENTIVISES INCREMENTAL LENDING TO SMES TO THE LEAST SERVED MARKET SEGMENTS. 6 5 3 10 0 0 5957657 11764403 280426 205599 5988 51915 4048 15441 6248119 12037358 341116 557127 0 0 0 333876 0 0 0 5715802 9740564 6056918 10631567 191201 1405791 8326455 15342249 7910984 13520987 415471 1821262 X ACELI WAS CREATED TO BRIDGE THE FINANCE GAP AND UNLOCK THE GROWTH AND IMPACT POTENTIAL OF AGRICULTURAL SMES IN AFRICA BY INCENTIVIZING INCREMENTAL LENDING TO THE LEAST SERVED AND MOST IMPACTFUL SEGMENTS OF THE MARKET. 0 0 10126466 557127 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. IN THE FIRST THREE YEARS OF OPERATIONS (SEPT 2020-DECEMBER 2023), ACELI REGISTERED 1,630 LOANS TOTALING $157M WITH 36 LENDERS ACROSS KENYA RWANDA, TANZANIA, AND UGANDA. THE ENTERPRISES RECEIVING THESE LOANS CREATE MARKET ACCESS FOR 870K SMALLHOLDER FARMERS AND EMPLOY 29K FULL-TIME WORKERS.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% QUALIFY FOR THE GENDER INCLUSION IMPACT BONUS, 68% QUALIFY FOR THE FOOD SECURITY IMPACT BONUS, AND 17% QUALIFY FOR THE CLIMATE SMART AND RESILIENT AGRICULTURE IMPACT BONUS. AS OF DECEMBER 2023, 37 LENDERS HAD SIGNED LEGAL AGREEMENTS WITH ACELI AND AN ADDITIONAL 10 WERE IN NEGOTIATIONS OR IN THE PROCESS OF SIGNING. OF THE 37 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 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. 101858 148029 ACELI AMERICAS FACILITATES LEARNING EXCHANGE THROUGH AN ADVISORY PARTNERSHIP WITH A MEXICAN NON-PROFIT ORGANIZATION TO DESIGN A LOCAL INCENTIVE FACILITY. ACELI PROVIDES STRATEGIC SUPPORT TO INFORM COA'S SET-UP AND DESIGN AND GATHERS LEARNING TO INFORM FUTURE ACELI ADVISORY. 55570 57570 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. 10283894 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X THE ORGANIZATION 2029877700 1401 K STREET NW 900 WASHINGTON DC 20005 BRIAN MILDER DIR OF GDI - UNTIL 04/23, CEO, ACELI AFRICA 28.00 12.00 X 153557 87302 15539 ANDREW STERN BOARD DIRECTOR, CEO OF GDI 2.00 34.00 X 0 199677 35530 ELIZABETH VANDERWOUDE CFO/TREASURER 4.00 28.00 X 0 188265 13822 TOM CARROLL SECRETARY 2.00 8.00 X X 0 0 0 SEWIT AHDEROM BOARD DIRECTOR 2.00 X 0 0 0 TITIANNE DONDE BOARD DIRECTOR 2.00 X 0 0 0 GRETCHEN PHILLIPS BOARD DIRECTOR 2.00 2.00 X 0 0 0 BETH SHIFERAW BOARD DIRECTOR 2.00 X 0 0 0 153557 475244 64891 1 0 1 0 GLOBAL DEVELOPMENT INCUBATOR KENYA SANLAM TOWER 4TH FLOOR WAIYAKI WAY NAIROBI KE PROFESSIONAL SERVICES/CONSULTANCY 1861576 60 DECIBELS 228 PARK AVENUE S PMB 54413 NEW YORK NY 10003 PROFESSIONAL SERVICES/CONSULTANCY 567641 WYLDE INTERNATIONAL LTD PIONEER POINT CHANIA AVENUE KILIM NAIROBI KE PROFESSIONAL SERVICES/CONSULTANCY 367384 DALBERG GLOBAL DEVELOPMENT ADVISORS KENY THE ATRIUM 5TH FLOOR CHAKA ROAD NAIROBI KE PROFESSIONAL SERVICES/CONSULTANCY 262069 AFRICA MANAGEMENT INSTITUTE 24 DR JOSEPH RIVIERE STREET PORT LOUIS MP PROFESSIONAL SERVICES/CONSULTANCY 217453 11 7988757 3398162 377484 11764403 CONTRACT SERVICES 900099 205599 205599 205599 51915 51915 REIMBURSEMENTS 900099 15441 15441 15441 12037358 205599 0 67356 X 557127 557127 163229 163229 132087 132087 6941 6941 9879 9879 21740 21740 69113 32782 36331 62541 11856 50685 4795398 4590102 205296 9315 9315 22483 975 21508 29681 59 29622 11283 11283 475928 474382 1546 9121 6436 2685 LENDER PAYMENTS 4255701 4255701 10631567 10283894 347673 0 5472681 9405612 1289467 1951076 1496267 3324324 68040 0 3388 0 657849 8326455 15342249 1067485 2726216 6843499 10794771 7910984 13520987 X 415471 1821262 415471 1821262 8326455 15342249 1405791 0 X 0 1 X 1 1 1 X 763265 3826704 5957657 11764403 22312029 763265 3826704 5957657 11764403 22312029 22312029 5988 51915 57903 22369932 486025 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REFUNDABLE GRANT ADVANCES 10794771 10794771 X 12037358 0 12037358 0 12037358 10631567 0 10631567 0 10631567 PART X, LINE 2: ACELI PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2023, AND DETERMINED THAT THERE ARE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 1 SUB-SAHARAN AFRICA 0 76 PROGRAM SERVICES IMPLEMENTATION OF THE ACELI AFRICA PROGRAM - BUILDING THE FINANCE MARKET FOR AN INCLUSIVE AGRICULTURE SECTOR IN AFRICA. 8402928 EUROPE 0 5 PROGRAM SERVICES IMPLEMENTATION OF THE ACELI AFRICA PROGRAM 74127 EUROPE 0 0 557127 0 81 0 0 0 81 9034182 0 9034182 EUROPE(INCLUDING ICELAND AND GREENLAND SUBAWARDEE / PROGRAM SUPPORT 338163 WIRE TRANSFER 0 EUROPE(INCLUDING ICELAND AND GREENLAND SUBAWARDEE / PROGRAM SUPPORT 218964 WIRE TRANSFER 0 2 0 0 0 0 0 0 0 PART I, LINE 2: AFTER ACELI DISTRIBUTES GRANTS, THEY REQUIRE GRANTEES TO PROVIDE FINANCIAL REPORTS AND WHERE RELEVANT ASSOCIATED BACK - UP DETAILS. IN ADDITION, THE DIRECTORS AND MANAGERS MONITOR THE INTERNATIONAL GRANTEES CLOSELY THROUGHOUT THE YEAR. THIS IS ACCOMPLISHED THROUGH REGULAR EMAIL COMMUNICATION, CONFERENCE CALLS, AND SITE VISITS AND IN SOME CASES THROUGH DETAILED MANAGEMENT OF THE ORGANIZATION'S FINANCIAL RECORDS. PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED ON PARTS II OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. X X 0 0 0 0 0 0 0 0 0 BRIAN MILDER DIR OF GDI - UNTIL 04/23, CEO, ACELI AFRICA 153557 87302 0 0 0 0 8170 4876 1502 991 163229 93169 0 0 ANDREW STERN BOARD DIRECTOR, CEO OF GDI 0 199677 0 0 0 0 0 11286 0 24244 0 235207 0 0 ELIZABETH VANDERWOUDE CFO/TREASURER 0 188265 0 0 0 0 0 11416 0 2406 0 202087 0 0 FORM 990, PART VI, SECTION B, LINE 11B ACELI HIRES AN INDEPENDENT CPA FIRM TO PREPARE THE FEDERAL FORM 990. AFTER PREPARATION OF THE FEDERAL FORM 990, MANAGEMENT REVIEWS THE DRAFT FEDERAL FORM 990. ONCE ANY QUESTIONS OR CORRECTIONS ARE ADDRESSED, THE DRAFT FEDERAL FORM 990 IS THEN DISTRIBUTED TO THE FULL BOARD OF DIRECTORS PRIOR TO ELECTRONICALLY FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C A "CONFLICT OF INTEREST," ARISES WHEN A PERSON IN A POSITION OF AUTHORITY OVER AN ORGANIZATION, SUCH AS AN OFFICER, DIRECTOR, OR KEY EMPLOYEE, MAY BENEFIT. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY AND HAS AGREED TO COMPLY WITH THE POLICY. IN THE EVENT A CONFLICT OF INTEREST EXISTS, AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THEN, THE CHAIR OF THE BOARD OF DIRECTORS OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR COMMITTEE SHALL DETERMINE WHETHER ACELI CAN OBTAIN WITH REASONABLE EFFORTS, A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A IN ORDER TO DETERMINE THE OFFICERS' COMPENSATION, MEMBERS OF THE BOARD OF DIRECTORS REVIEWING COMPARABLE DATA INFORMED BY MARKET RESEARCH AND OUTSIDE COUNSEL AS WELL AS VARIOUS SALARY SURVEYS. AFTER REVIEWING THE NECESSARY DATA, MEMBERS OF THE BOARD OF DIRECTORS WILL MAKE A FINAL DECISION REGARDING THE FINAL COMPENSATION AMOUNTS FOR ALL OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 ACELI MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 1,319,448. MANAGEMENT AND GENERAL EXPENSES 59,014. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,378,462. CONSULTANTS: PROGRAM SERVICE EXPENSES 1,174,776. MANAGEMENT AND GENERAL EXPENSES 52,543. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,227,319. TAA FEES: PROGRAM SERVICE EXPENSES 1,042,989. MANAGEMENT AND GENERAL EXPENSES 46,648. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,089,637. MONITORING & EVALUATION: PROGRAM SERVICE EXPENSES 613,119. MANAGEMENT AND GENERAL EXPENSES 27,422. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 640,541. DATA & ANALYTICS: PROGRAM SERVICE EXPENSES 284,327. MANAGEMENT AND GENERAL EXPENSES 12,717. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 297,044. IMPACT VARIFICATION: PROGRAM SERVICE EXPENSES 155,443. MANAGEMENT AND GENERAL EXPENSES 6,952. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 162,395. THE GLOBAL DEVELOPMENT INCUBATOR INC 1401 K STREET NW WASHINGTON DC 20005 141945286 DESIGN AND LAUNCH SERVICES FOR NEW SOCIAL IMPACT ORGANIZATIONS AND PARTNERS NY 501(C)(3) LINE 7 N/A 0 GDI SOLUTIONS INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 881343562 FACILITATE GRANT FUNDING OPPORTUNITIES DE 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC 0 ISF ADVISORS INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 871088927 SUSTAINABLE TRANSFORMATION OF FOOD SYSTEMS AND AGRICULTURAL SUPPLY DC 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC 0 COLIBRI CATALYST INC 1007 GENERAL KENNEDY AVENUE SUITE 2 SAN FRANCISCO CA 94129 920740048 ACCELERATES AND INCREASES THE FLOW OF CAPITAL TO REGENERATIVE AGRICULTURE DE 501(C)(3) LINE 7 THE GLOBAL DEVELOPMENT INCUBATOR INC 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0