2025-10-14T13:01:48-05:00 2024-12-31 111986323 CBIZ ADVISORS LLC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2024-01-01 843344516 ACELI AFRICA INC ACEL 2029877700 1401 K STREET NW 900 WASHINGTON DC 20005 ELIZABETH VANDERWOUDE CFO/TREASURER 2029877700 2025-10-13 1 1 AARON M FOX P01365820 2022274000 2025-10-13 2024 2025-03-06 01:10:19Z ELIZABETH VANDERWOUDE 1401 K STREET NW 900 WASHINGTON DC 20005 17258795 0 X ACELIAFRICA.ORG X 2019 NY ACELI INCENTIVISES INCREMENTAL LENDING TO SMES TO THE LEAST SERVED MARKET SEGMENTS. 7 5 4 10 0 0 11764403 16959889 205599 69819 51915 188655 15441 40432 12037358 17258795 557127 1818381 0 0 333876 600544 0 0 0 9740564 12771595 10631567 15190520 1405791 2068275 15342249 18233700 13520987 14344163 1821262 3889537 X ACELI'S MISSION IS TO UNLOCK THE GROWTH AND IMPACT OF AGRICULTURAL SMALL- AND MEDIUM-SIZED ENTERPRISES (SMES) BY BRIDGING THE GAP BETWEEN CAPITAL SUPPLY AND DEMAND. 0 0 14310706 1818381 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. DURING OUR FIRST FOUR YEARS OF OPERATIONS (SEPTEMBER 2020-DECEMBER 2024), 42 ACTIVE ACELI LENDING PARTNERS REGISTERED LOANS TOTALING $283M ACROSS THE INITIAL FOUR FOCUS COUNTRIES (KENYA, RWANDA, TANZANIA, UGANDA) AND NEWLY, ZAMBIA. 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% MEET OUR HIGH STANDARD FOR PROVIDING ECONOMIC OPPORTUNITIES TO WOMEN, 69% CONTRIBUTE TO FOOD SECURITY IN AFRICA, AND 17% MEET OUR CLIMATE & ENVIRONMENT IMPACT BONUS. THE SMES RECEIVING ACELI-SUPPORTED LOANS HAVE CREATED MARKET ACCESS FOR 1.5M SMALLHOLDER FARMER SUPPLIERS AND EMPLOYMENT FOR 52K FULL-TIME WORKERS.AS OF DECEMBER 2024, 42 LENDERS HAD SIGNED LEGAL AGREEMENTS WITH ACELI AND AN ADDITIONAL 8 WERE IN NEGOTIATIONS OR IN THE PROCESS OF SIGNING. OF THE 42 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 PARTNERS IMPLEMENT THE HYBRID TECHNICAL ASSISTANCE PROGRAM, WHICH INCLUDES A SERIES OF WEBINARS AND COLLABORATION IN A PEER LEARNING NETWORK PAIRED WITH INDIVIDUALIZED COACHING FOR THE LEADERSHIP TEAM FROM EACH AGRI-SME AS WELL AS IN-PERSON KICK OFF SESSIONS FOR NETWORKING. 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 IS 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. 70454 ACELI AMERICAS FACILITATES LEARNING EXCHANGE THROUGH AN ADVISORY PARTNERSHIP WITH A MEXICAN NON-PROFIT ORGANIZATION TO DESIGN A LOCAL INCENTIVE FACILITY, COA. ACELI PROVIDES STRATEGIC SUPPORT TO INFORM COA'S SET-UP AND DESIGN AND GATHERS LEARNING TO INFORM FUTURE ACELI ADVISORY. 61530 65069 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. 1853 4750 OTHER ADVISORY PROGRAMS 1853 4750 14444543 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 4 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 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 CEO, ACELI AFRICA 40.00 X 251916 0 16140 ANDREA ZINN SENIOR MANAGER 40.00 X 126192 0 13597 ANDREW STERN BOARD DIRECTOR, CEO OF GDI 2.00 34.00 X 0 218063 37813 ELIZABETH VANDERWOUDE CFO/TREASURER 8.00 24.00 X 0 203936 14663 THOMAS CARROLL SECRETARY 4.00 2.00 X X 0 76681 4011 SEWIT AHDEROM BOARD DIRECTOR 2.00 X 0 0 0 TITIANNE DONDE BOARD DIRECTOR 2.00 X 0 0 0 BUHLE GOSLAR 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 378108 498680 86224 2 0 1 0 GDI AFRICA SANLAM TOWER 4TH FLOOR WAIYAKI WAY NAIROBI KE PROFESSIONAL SERVICES/CONSULTANCY 1323480 60 DECIBELS 228 PARK AVENUE S PMB 54413 NEW YORK NY 10003 PROFESSIONAL SERVICES/CONSULTANCY 429525 BRAHAM GLOBAL CONSULTANTS LIMITED ALN HOUSE ELDAMA RAVINE CLOSE WES NAIROBI KE PROFESSIONAL SERVICES/CONSULTANCY 236404 SORWAFFA LTD GASABO DISTRICT KIGALI KE PROFESSIONAL SERVICES/CONSULTANCY 190350 TECHNOSERVE INC 1777 N KENT ST SUITE 1100 ARLINGTON VA 22209 PROFESSIONAL SERVICES/CONSULTANCY 175157 14 12731616 3355811 872462 16959889 CONTRACT SERVICES 900099 69819 69819 69819 188655 188655 REIMBURSEMENTS 900099 40432 40432 40432 17258795 69819 0 229087 X 5772 5772 1812609 1812609 268056 268056 195721 195721 13184 13184 89848 89848 33735 33735 87179 87179 46848 18680 28168 5227001 4762802 464199 15961 15923 38 74410 28969 45441 111659 26935 84724 52314 28032 24282 363930 353333 10597 67898 66549 1349 LENDER PAYMENTS 6724395 6724395 15190520 14444543 745977 0 9405612 548149 1951076 8358265 3324324 5369591 0 4750 3388 602004 0 2837436 657849 513505 15342249 18233700 2726216 2318882 10794771 12025281 13520987 14344163 X 1821262 3889537 1821262 3889537 15342249 18233700 2068275 0 X 0 1 X 1 1 1 X 763265 3826704 5957657 11764403 16959889 39271918 763265 3826704 5957657 11764403 16959889 39271918 167411 39104507 5988 51915 188655 246558 39518476 555844 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 REFUNDABLE GRANT ADVANCES 12025281 12025281 X PART X, LINE 2: ACELI PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2024, 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 2 86 PROGRAM SERVICES IMPLEMENTATION OF THE ACELI AFRICA PROGRAM - BUILDING THE FINANCE MARKET FOR AN INCLUSIVE AGRICULTURE SECTOR IN AFRICA. 10581688 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 874961 EUROPE 0 5 PROGRAM SERVICES IMPLEMENTATION OF THE ACELI AFRICA PROGRAM - BUILDING THE FINANCE MARKET FOR AN INCLUSIVE AGRICULTURE SECTOR IN AFRICA. 172793 EUROPE 0 0 GRANTMAKING 937648 2 91 0 0 2 91 12567090 0 12567090 EUROPE(INCLUDING ICELAND AND GREENLAND IMPLEMENTATION OF THE ACELI AFRICA PROGRAM - BUILDING THE FINANCE MARKET FOR AN INCLUSIVE AGRICULTURE SECTOR IN AFRICA. 715799 WIRE TRANSFER 0 EUROPE(INCLUDING ICELAND AND GREENLAND IMPLEMENTATION OF THE ACELI AFRICA PROGRAM - BUILDING THE FINANCE MARKET FOR AN INCLUSIVE AGRICULTURE SECTOR IN AFRICA. 221849 WIRE TRANSFER 0 SUB-SAHARAN AFRICA IMPLEMENTATION OF THE ACELI AFRICA PROGRAM - BUILDING THE FINANCE MARKET FOR AN INCLUSIVE AGRICULTURE SECTOR IN AFRICA. 874961 WIRE TRANSFER 0 2 1 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. DETAILED MANAGEMENT OF THE ORGANIZATION'S FINANCIAL RECORDS IS ALSO IMPLEMENTED FOR ACELI'S SUBSIDIARIES. PART I, LINE 3: IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED ON PARTS I AND II OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS. 1 THE GLOBAL DEVELOPMENT INCUBATOR INC 1401 K STREET NW SUITE 900 WASHINGTON DC 20005 141945286 501(C)(3) 5772 0 GENERAL SUPPORT 1 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. DETAILED MANAGEMENT OF THE ORGANIZATION'S FINANCIAL RECORDS IS ALSO IMPLEMENTED FOR ACELI'S SUBSIDIARIES. X X 0 0 0 0 0 0 0 0 0 BRIAN MILDER CEO, ACELI AFRICA 251916 0 0 0 0 0 13809 0 2331 0 268056 0 0 0 ANDREW STERN BOARD DIRECTOR, CEO OF GDI 0 218063 0 0 0 0 0 11763 0 26050 0 255876 0 0 ELIZABETH VANDERWOUDE CFO/TREASURER 0 203936 0 0 0 0 0 12236 0 2427 0 218599 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. A COMPENSATION SURVEY WAS LAST USED IN 2020 FOR 1/1/2021. 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 1,587,654. MANAGEMENT AND GENERAL EXPENSES 149,571. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,737,225. TAA FEES: PROGRAM SERVICE EXPENSES 1,329,812. MANAGEMENT AND GENERAL EXPENSES 129,451. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,459,263. CONSULTANTS: PROGRAM SERVICE EXPENSES 893,739. MANAGEMENT AND GENERAL EXPENSES 87,001. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 980,740. MONITORING & EVALUATION: PROGRAM SERVICE EXPENSES 494,215. MANAGEMENT AND GENERAL EXPENSES 48,110. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 542,325. DATA & ANALYTICS: PROGRAM SERVICE EXPENSES 273,732. MANAGEMENT AND GENERAL EXPENSES 26,647. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 300,379. IMPACT VARIFICATION: PROGRAM SERVICE EXPENSES 178,553. MANAGEMENT AND GENERAL EXPENSES 17,381. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 195,934. POLICY AND GOV. AFFAIRS: PROGRAM SERVICE EXPENSES 5,097. MANAGEMENT AND GENERAL EXPENSES 496. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,593. PAYROLL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,542. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,542. THE GLOBAL DEVELOPMENT INCUBATOR INC 1401 K STREET NW SUITE 900 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 ACELI AFRICA COMPANY LIMITED - RWANDA KACYIRU GASABO UMUJYI KIGALI RW IMPLEMENTATION OF ACELI AFRICA PROGRAMS AND MISSION IN AFRICA RW ACELI AFRICA INC 1.00000 0 ACELI AFRICA COMPANY LIMITED BY GUARANTEE (ACELI KENYA) PO BOX 10032 - 00100 - GPO NAIRO NAIROBI KE IMPLEMENTATION OF ACELI AFRICA PROGRAMS AND MISSION IN AFRICA KE ACELI AFRICA INC 875263 503106 1.00000 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 ACELI AFRICA COMPANY LIMITED BY GUARANTEE (ACELI KENYA) B 874961 BOOK VALUE