Nonprofit · EIN 84-3344516
ACELI AFRICA INC
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,258,795 | $15,190,520 | $2,068,275 | $18,233,700 | $14,344,163 | $3,889,537 |
| December 31, 2023 | 990 | $12,037,358 | $10,631,567 | $1,405,791 | $15,342,249 | $13,520,987 | $1,821,262 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $16,959,889
- of which government grants
- $3,355,811
- Program service revenue
- $69,819
- Investment income
- $188,655
- Other revenue
- $40,432
Expenses
- Grants and similar amounts paid
- $1,818,381
- Compensation of officers, directors and key employees
- $268,056
- Other salaries and wages
- $195,721
- Salaries, compensation and benefits (total)
- $600,544
- Professional fundraising fees
- $0
- Legal fees
- $87,179
- Accounting fees
- $46,848
- Occupancy
- $52,314
- Travel
- $363,930
- Program services (functional)
- $14,444,543
- Management and general (functional)
- $745,977
Balance sheet and other
- Total assets, start of year
- $15,342,249
- Total assets, end of year
- $18,233,700
- Total liabilities, end of year
- $14,344,163
- Net assets, end of year
- $3,889,537
- Publicly traded securities
- $2,837,436
- Net assets without donor restrictions
- $3,889,537
- Gross receipts
- $17,258,795
- Employees
- 4
- Volunteers
- 10
- Year formed
- 2019
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN MILDER | CEO, ACELI AFRICA Officer | 40 | $251,916 | $0 | $16,140 |
| ANDREW STERN | BOARD DIRECTOR, CEO OF GDI Trustee or director | 2 | $0 | $218,063 | $37,813 |
| ELIZABETH VANDERWOUDE | CFO/TREASURER Officer | 8 | $0 | $203,936 | $14,663 |
| ANDREA ZINN | SENIOR MANAGER Highest-paid employee | 40 | $126,192 | $0 | $13,597 |
| THOMAS CARROLL | SECRETARY Trustee or director, Officer | 4 | $0 | $76,681 | $4,011 |
| SEWIT AHDEROM | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TITIANNE DONDE | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BUHLE GOSLAR | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GRETCHEN PHILLIPS | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BETH SHIFERAW | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRIAN MILDER DIR OF GDI | - UNTIL 04/23, CEO, ACELI AFRICA Officer | 28 | $153,557 | $87,302 | $15,539 |
| ANDREW STERN | BOARD DIRECTOR, CEO OF GDI Trustee or director | 2 | $0 | $199,677 | $35,530 |
| ELIZABETH VANDERWOUDE | CFO/TREASURER Officer | 4 | $0 | $188,265 | $13,822 |
| TOM CARROLL | SECRETARY Trustee or director, Officer | 2 | $0 | $0 | $0 |
| SEWIT AHDEROM | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| TITIANNE DONDE | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| GRETCHEN PHILLIPS | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| BETH SHIFERAW | BOARD DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1401 K ST NW STE 900, WASHINGTON, DC 20005-3455
- In care of
- % THE GLOBAL DEVELOPMENT INCUBATOR
- Principal officer (990 for 2024)
- ELIZABETH VANDERWOUDE, 1401 K STREET NW 900, WASHINGTON, DC 20005
- Signed the 990
- ELIZABETH VANDERWOUDE, CFO/TREASURER
- Phone
- (202) 987-7700
- Website
- ACELIAFRICA.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- 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.Expenses $14,310,706 · grants $1,818,381
- 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.Expenses $70,454
- 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.Expenses $61,530 · revenue $65,069
- OTHER ADVISORY PROGRAMSExpenses $1,853 · revenue $4,750
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3344516
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q32)
- Assets (IRS master file)
- $18,233,700
- Income (IRS master file)
- $17,258,795
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,258,795 | $15,190,520 | $18,233,700 | XML |
| 990 | December 2023 | $12,037,358 | $10,631,567 | $15,342,249 | XML |
| 990 | December 2022 | $6,248,119 | $6,056,918 | $8,326,455 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3344516).
Questions about ACELI AFRICA INC
- What is the EIN of ACELI AFRICA INC?
- The employer identification number (EIN) of ACELI AFRICA INC is 84-3344516.
- Is ACELI AFRICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to ACELI AFRICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ACELI AFRICA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ACELI AFRICA INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ACELI AFRICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ACELI AFRICA INC?
- The 990 for the year ended December 31, 2024 names ELIZABETH VANDERWOUDE.
- Who are the officers and directors of ACELI AFRICA INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 2 received compensation from the organization, the highest $251,916 (BRIAN MILDER, CEO, ACELI AFRICA).
- How much revenue does ACELI AFRICA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,258,795, expenses of $15,190,520 and total assets of $18,233,700 at year end.
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