2026-03-09T12:38:52-05:00 2024-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2024-01-01 932593106 ESSENTIAL IMPACT INC ESSE 2027395284 2041 EAST STREET UNIT 1148 CONCORD CA 94520 GRANT GORDON CEO & CO-FOUNDER 2027395284 2026-03-09 1 0 X RICHARD J LOCASTRO CPA P00288314 3019519090 2024 2025-03-06 01:10:19Z X GRANT GORDON 2041 EAST STREET UNIT 1148 CONCORD CA 94520 437155 0 X WWW.ESSENTIALIMPACT.ORG X 2023 DE SEE PART III, LINE 1 4 2 2 2 0 0 2747656 436945 0 0 0 0 5 210 2747661 437155 0 511048 0 0 73776 264300 0 0 51986 97709 255377 171485 1030725 2576176 -593570 2669235 2078800 93059 96964 2576176 1981836 X ESSENTIAL IMPACT CREATES BREAKTHROUGH SOLUTIONS TO TACKLE MALNUTRITION AND TRANSFORM FOOD SYSTEMS IN SUB-SAHARAN AFRICA. WE LEVERAGE ADVANCES IN FERMENTATION TO CREATE AFFORDABLE, ACCESSIBLE, AND CLIMATE-RESILIENT PROTEINS THAT CAN BE INTEGRATED INTO FOOD PRODUCTS TO PREVENT AND TREAT MALNUTRITION. 0 0 783294 511048 IN 2024, ESSENTIAL IMPACT LAUNCHED A 7,000-SQUARE-FOOT BIO MANUFACTURING PLANT IN NAIROBI, ONE OF EAST AFRICA'S LEADING BIOSCIENCE LABS, AND PRODUCED THE FIRST BIO-MANUFACTURED PROTEIN FOR HUMAN CONSUMPTION IN SUB-SAHARAN AFRICA. THE TEAM COMPLETED 19 PRODUCTION RUNS, SECURED OPERATING LICENSES AND PERMITS, AND WORKED WITH THE KENYA BUREAU OF STANDARDS TOWARD FOOD-SAFETY CERTIFICATION. SCIENTIFIC OPERATIONS SCALED FROM 5L TO 500L BIO REACTORS, COMPLETING OVER 30 FERMENTATION EXPERIMENTS AND DEPLOYING NEW IN-HOUSE TOOLS FOR COST AND PROCESS OPTIMIZATION. ESSENTIAL ALSO BEGAN JOINT R&D WITH A KENYAN FOOD MANUFACTURER TO DEVELOP A PROTEIN-FORTIFIED PORRIDGE AND ADVANCED DISCUSSIONS WITH FOUR ADDITIONAL PARTNERS. POLICY PARTNERSHIPS AND ADVOCACY HELPED INCLUDE FERMENTED PROTEINS IN ETHIOPIA'S NATIONAL BIOECONOMY STRATEGY AND LAUNCHED A COLLABORATION WITH THE WORLD BANK AND STANFORD UNIVERSITY ON A REPORT ABOUT FERMENTATION AND FOOD SECURITY. 783294 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 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 1 1 0 0 1 3 0 1 2 1 0 1 KE 0 0 0 0 0 0 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X GRANT GORDON 2027395284 2041 EAST STREET UNIT 1148 CONCORD CA 94520 GRANT GORDON CEO & CO-FOUNDER 40.00 X X 102917 0 10115 FIREHIWOT TACHEA MEMBER OF THE BOARD OF DIRECTORS, VICE PRESIDENT, 40.00 X X 143490 0 7504 KAREN LEVY MEMBER OF THE BOARD OF DIRECTORS 2.00 X 0 0 0 JAN-PAUL BRUINS MEMBER OF THE BOARD OF DIRECTORS 2.00 X 0 0 0 246407 0 17619 2 0 1 0 0 436945 436945 EXCHANGE GAIN 900099 210 210 210 437155 0 0 210 511048 511048 245692 175529 24571 45592 18608 13665 1745 3198 57395 57395 47965 47965 91313 58991 30322 2000 15230 4929 10301 7785 7785 6210 4822 1388 15395 10315 3884 1196 1024 1024 13060 3995 9065 1030725 783294 195445 51986 1672206 1010839 600000 234945 11143 8202 0 317871 68015 824814 2669235 2078800 28511 32613 64548 64351 93059 96964 X 1976176 1881891 600000 99945 2576176 1981836 2669235 2078800 -593570 -770 0 X 0 1 X 1 0 X 2147656 436945 2584601 2147656 436945 2584601 1910141 674460 5 5 2584606 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RIGHT-OF-USE ASSET 61653 DUE FROM ESSENTIAL KENYA 763161 824814 OPERATING LEASE LIABILITY 64351 64351 1 SUB-SAHARAN AFRICA 1 13 PROGRAM SERVICES "OPERATION AND TECHNICAL SUPPORT OF PILOT-SCALE FACILITY IN KENYA TO DEVELOP CLIMATE-RESILIENT, LOW-COST PROTEIN; RESEARCH COLLABORATION WITH ETHIOPIAN PARTNER TO DEVELOP AND SCALE-UP FOOD FERMENTATION. 511048 1 13 0 0 1 13 511048 0 511048 GRANT FUNDS ARE USED EXCLUSIVELY TO ADVANCE ESSENTIAL'S CHARITABLE MISSION OF LEVERAGING FERMENTATION TO COMBAT MALNUTRITION AND TRANSFORM FOOD SYSTEMS IN SUB-SAHARAN AFRICA. 511048 0 0 1 1 0 1 0 0 0 PART I, LINE 3 COLUMN (E) ESSENTIAL IMPACT INC. MAINTAINS STRONG OVERSIGHT AND MONITORING PROCEDURES FOR ALL FOREIGN GRANTS AND PROGRAM SUPPORT. THE ORGANIZATION ENTERS INTO WRITTEN GRANT AGREEMENT THAT DEFINES THE SCOPE OF WORK, BUDGET, AND REPORTING REQUIREMENTS. PAYMENTS ARE DISBURSED IN TRANCHES BASED ON PERFORMANCE MILESTONES AND REVIEW OF SUPPORTING DOCUMENTATION. FOR ITS SUBSIDIARY, ESSENTIAL LIMITED (KENYA), FINANCIAL MANAGEMENT AND PROGRAM IMPLEMENTATION ARE SUBJECT TO U.S. OVERSIGHT, INCLUDING MONTHLY REPORTING OF EXPENDITURES AND BUDGET-TO-ACTUAL ANALYSIS. 0 0 0 0 0 0 0 1 0 FIREHIWOT TACHEA MEMBER OF THE BOARD OF DIRECTORS, VI 135417 0 8073 0 0 0 7504 0 0 0 150994 0 0 0 PART I, LINE 7 MERIT BASED BONUS PAYMENTS ARE DISCLOSED IN SCHEDULE J, PART II, COLUMN BII FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS THEN REVIEWED BY MANAGEMENT. THE FORM 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. 1. PREPARATION: THE EXTERNAL ACCOUNTNG FIRM, WITH THE ASSISTANCE OF THE ORGANIZATON'S FINANCE TEAM, PREPARES A DRAFT OF FORM 990, INCLUDING RELATED SCHEDULES. 2. INTERNAL REVIEW: MANAGEMENT REVIEWS THE DRAFT FOR ACCURACY AND COMPLETENESS. 3. DISTRIBUTION: A COMPLETE DRAFT FORM 990, INCLUDING RELATED SCHEDULES, IS EMAILED TO THE BOARD OF DIRECTORS AT LEAST A MONTH BEFORE THE FILING DEADLINE. 4. BOARD REVIEW: THE BOARD MEMBERS REVIEW AND PROVIDE FEEDBACK OR REQUEST CHANGES. 5. REVISIONS: THE FINANCE TEAM/EXTERNAL ACCOUNTING FIRM REVISES THE DRAFT BASED ON BOARD FEEDBACK. 6. FINAL APPROVAL: THE REVISED FORM 990 IS SENT TO THE BOARD FOR FINAL APPROVAL. APPROVAL IS DOCUMENTED IN THE BOARD MEETING MINUTES. 7. FILING: THE FINAL FORM 990 IS FILED WITH THE IRS ONCE APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REVIEWS AND ASSESSES ITS IMPLEMENTATION OF CONTROLS AND POLICIES PERIODICALLY THROUGHOUT THE YEAR DURING QUARTERLY BOARD MEETINGS. A. AN INTERESTED PERSON SHALL DISCLOSE TO THE GOVERNING BOARD OR COMMITTEE, AND MAY MAKE A PRESENTATION AT A GOVERNING BOARD OR COMMITTEE MEETING IN RESPECT OF, THE APPLICABLE FINANCIAL INTEREST AND ALL RELEVANT MATERIAL FACTS. AFTER ANY SUCH 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. B. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. C. AFTER EXERCISING DUE DILIGENCE THAT IT DETERMINES TO BE REASONABLE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN, WITH REASONABLE EFFORTS, A SUBSTANTIALLY SIMILAR OR MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF THE GOVERNING BOARD OR COMMITTEE DETERMINES THAT A SUBSTANTIALLY SIMILAR OR MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEN THE GOVERNING BOARD OR COMMITTEE SHALL NOT PERMIT THE ORGANIZATION TO ENTER INTO THE ARRANGEMENT OR TRANSACTION GIVING RISE TO THE POTENTIAL CONFLICT OF INTEREST. D. IF A SUBSTANTIALLY SIMILAR OR MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEN THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BENEFIT, AND WHETHER SUCH TRANSACTION OR ARRANGEMENT IS FAIR AND REASONABLE TO THE ORGANIZATION. IF THE GOVERNING BOARD OR COMMITTEE DETERMINES THAT SUCH TRANSACTION OR ARRANGEMENT IS IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BENEFIT, AND IS FAIR AND REASONABLE TO THE ORGANIZATION, THEN THE GOVERNING BOARD OR COMMITTEE MAY DETERMINE TO CAUSE THE ORGANIZATION TO CONSUMMATE SUCH TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE DETERMINES THAT SUCH TRANSACTION OR ARRANGEMENT IS NOT IN THE BEST INTEREST OF THE ORGANIZATION, FOR ITS OWN BENEFIT, OR IS NOT FAIR OR REASONABLE TO THE ORGANIZATION, THEN THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE TO CAUSE THE ORGANIZATION NOT TO CONSUMMATE SUCH TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO AND CTO IS REVIEWED AND APPROVED BY BOARD MEMBERS WHO DO NOT HAVE ANY CONFLICTS OF INTEREST. THE CEO AND CTO WILL NOT PARTICIPATE IN DISCUSSIONS OR DECISIONS ABOUT THEIR OWN COMPENSATION. ANY POTENTIAL CONFLICTS MUST BE DISCLOSED UPFRONT TO ENSURE AN IMPARTIAL DECISION-MAKING PROCESS. THE BOARD COMPARES COMPENSATION DATA FROM SIMILAR NONPROFITS IN TERMS OF MISSION, SIZE AND LOCATION TO DETERMINE A FAIR COMPENSATION FOR THE CEO AND CTO. PUBLICLY AVAILABLE SALARY DATA AND SURVEYS OF COMPARABLE ORGANIZATIONS ARE USED TO GATHER THIS INFORMATION. ALL DISCUSSIONS AND DECISIONS RELATED TO THE COMPENSATION OF THE CEO AND CTO ARE RECORDED IN THE MEETING MINUTES. THESE DOCUMENTS ARE KEPT ON FILE FOR REFERENCE BASED ON THE ORGANIZATION'S DOCUMENT RETENTION POLICY. THE DATE OF THE LAST COMPENSATION REVIEW WAS DECEMBER 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. ESSENTIAL IMPACT LIMITED MOMBASA ROAD MACHAKOS NAIROBI KE PRODUCTION OF FERMENTED PROTEINS KE ESSENTIAL IMPACT C 427121 872173 1.00000 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 ESSENTIAL IMPACT LIMITED B 511048 BASED ON ACTUAL DISBURSEMENTS KEN ESSENTIAL IMPACT LIMITED D 763161 BASED ON THE ASSET COST AND CONSI ESSENTIAL IMPACT LIMITED G 763161 BASED ON THE ASSET COST AND CONSI ESSENTIAL IMPACT LIMITED R 33447 BASED ON CONSULTANTS' INVOICES PA