To stimulate economic growth and improve livelihoods by cultivating entrepreneurship.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 46 volunteers and 101 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $372K a year · under 1% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11.6M
63% of total assets
Fine: liabilities are 63% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
10
of 12 voting members
Looks good: 10 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70.2M
-4% vs prior year
Spent
$70.0M
To programs
82%
Net assets
$6.7M
By yearFY2020–FY2024
Revenue
$70.2M
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$48.8M
FY2021$53.9M
FY2022$60.7M
FY2023$73.1M
FY2024$70.2M
Expenses
$70.0M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$48.5M
FY2021$53.2M
FY2022$60.3M
FY2023$72.9M
FY2024$70.0M
Net assets
$6.7M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.2M
FY2021$5.9M
FY2022$6.3M
FY2023$6.5M
FY2024$6.7M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1986.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $57.7M Management & general 14% · $10.1M Fundraising 3% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$607,666Pt VII · Sec A
COO/Secretary of the Board
$467,017Pt VII · Sec A
SR. Tch. Director Zimbabwe
$341,439Pt VII · Sec A
Chief of Party, Mali
$322,278Pt VII · Sec A
Chief of Party, Rwanda
$265,708Pt VII · Sec A
SR. VP of Program
$259,720Pt VII · Sec A
SR VP and Chief People Officer
$256,762Pt VII · Sec A
$0Pt VII · Sec A

Sylvain Roy’s $608K as President/CEO is at the 95th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Sylvain Roy$607,666$991,034$560,678$521,803$501,398
Alan Pieper$467,017$444,460$429,700$407,993$392,395
Paul Sippola—$399,770$219,840$210,907—
David Brigham——$264,702$341,618$295,950
Jones Elizabeth a$341,439————
Udayappan Ramasamy—$340,144———
Al-Rufai Sahar a$322,278————
Sahar Al-Rufai—$318,981$308,004$285,257—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cnfa executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Cultivates entrepreneurship to boost economic growth and improve lives.

Questions for Cnfa

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Your first name shows with your question. Cnfa answers here, for everyone.

Provided by the organization

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3 programs · $34.4M · in their own filed words · FY2024
01

Amalima Loko Zimbabwe

Cnfa and its partners will support usaid and the government of zimbabwe (goz) to sustainably improve food security through increased food access and sustainable watershed management among extremely poor and chronically vulnerable households and communities in the matabeleland north province of zimbabwe.

$22.5Mprogram expense
02

Yalwa Project Niger

Project in niger supports usaid's regional resilience in the sahel enhanced (rise) ii objectives by transforming market ecosystems in the maradi, tillabri, and zinder regions. Yalwa will expand and improve market linkages; build individual and institutional capacities; encourage vulnerable populations to buy and consume safe and…

$6.0Mprogram expense
03

Mod Ag Hinga Wunguke Rwanda

The five-year feed the future rwanda hinga wunguke activity (2023-2028) aims to increase incomes and improve nutrition in rwanda by sustainably increasing agricultural productivity and strengthening the domestic consumption and market for high-value and nutritious agricultural products.

$5.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$21K
Grants paid · 61 grants · $21.3M · 2020–2024
International Medical CorpsCA · FY2024$833,501
Mercy Corps (amalima Loko)FY2024$819,965
Helen Keller InternationalNY · FY2024$658,525
J E Austin Associates INC (nigeria Ag - Invest )FY2024$628,065
The Manoff Group (jsi) (amalima and Loko)FY2024$353,743
Development Gateway INCDC · FY2024$306,309
Helen Keller InternationalNY · FY2024$274,911
Marketshare Associates INC (rwanda Hinga Wunguke)FY2024$231,412
International Development Group LLCFY2024$86,043
Mercy Corps (amalima Loko)FY2023$1,109,913
International Medical CorpsCA · FY2023$912,410
Helen Keller InternationalNY · FY2023$760,904
Development Gateway INCDC · FY2023$658,731
J E Austin Associates INC (nigeria Ag - Invest )FY2023$636,161
Marketshare Associates INC (rwanda Hinga Wunguke)FY2023$557,616
Cipe (azerbaijan Psa)DC · FY2023$494,444
The Manoff Group (jsi) (amalima and Loko)FY2023$319,095
Connexus Corporation (nigeria Ag - Invest )FY2023$316,968
See all 61 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$70.2M
Ln 12
Gifts and grantsLn 1h$70.1M
Other incomeLn 4–11$63K
Investment incomeLn 3$60K
Money outPt IX
$70.0M
Ln 25
Programscol B$57.7M
Managementcol C$10.1M
Fundraisingcol D$2.3M
Owns and owesPt X
$6.7M
net assets · Ln 32
Cash and savingsLn 1–2$7.1M
Total assetsLn 16$18.3M
LiabilitiesLn 26$11.6M
PeoplePt VI, VII
17
listed · VII A
PaidVII A7
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70.1M
Government grantsLn 1e$70.0M
Investment incomeLn 3$60K
Other incomeLn 4–11$63K
Total revenueLn 12$70.2M
Assets in detailPt X, end of year
CashLn 1$5.1M
SavingsLn 2$2.0M
Cash and savings togetherLn 1–2$7.1M
InvestmentsLn 11–13$807K
Land, buildings, equipmentLn 10c$41K
Other assetsLn 15$1.6M
Total assetsLn 16$18.3M
LiabilitiesLn 26$11.6M
Net assetsLn 32$6.7M
OperationsPt I, VI
EmployeesI 5101
VolunteersI 646
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$12.2M$7.1M
InvestmentsLn 11–13$677K$807K
Land, buildings, equipmentLn 10c$85K$41K
Total assetsLn 16$22.3M$18.3M
LiabilitiesLn 26$15.8M$11.6M
Net assetsLn 32$6.5M$6.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.5M$4.5M
Grants and assistance to foreign recipientsLn 3$12.4M$12.4M
Pay of current officers, directors and key staffLn 5$1.2M$3K$1.2M
Other salaries and wagesLn 7$19.3M$14.1M$3.9M$1.3M
Pension plan contributionsLn 8$949K$460K$377K$112K
Other employee benefitsLn 9$6.2M$3.9M$1.7M$511K
Payroll taxesLn 10$816K$382K$347K$87K
Legal feesLn 11b$94K$94K
Accounting feesLn 11c$98K$98K
Other fees for servicesLn 11g$5.3M$4.3M$790K$152K
Advertising and promotionLn 12$2.5M$2.3M$254K$904
Office expensesLn 13$673K$651K$14K$8K
OccupancyLn 16$2.2M$2.0M$150K$34K
TravelLn 17$3.9M$3.4M$389K$59K
InterestLn 20$183K$183K
Depreciation, depletion and amortizationLn 22$43K$36K$6K$1K
InsuranceLn 23$153K$126K$22K$5K
Other expenses (24a–d)Ln 24$9.6M$9.0M$488K$29K
Total functional expensesLn 25$70.0M$57.7M$10.1M$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $70.2M$70.0M$227K$6.7M 990 PDF
FY2023 $73.1M$72.9M$208K$6.5M 990 PDF
FY2022 $60.7M$60.3M$415K$6.3M 990 PDF
FY2021 $53.9M$53.2M$691K$5.9M 990 PDF
FY2020 $48.8M$48.5M$321K$5.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $70,211,705 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $73,039,366$70,088,539
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $6,394$59,816
I-11 Other revenuePrior year $39,605$63,350
I-12 Total revenuePrior year $73,085,365$70,211,705
I-13 Grants and similar amounts paidPrior year $19,743,685$16,940,819
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $26,248,792$28,448,492
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $26,884,875$24,595,094
I-18 Total expensesPrior year $72,877,352$69,984,405
I-19 Revenue less expensesPrior year $208,013$227,300
Part VI · Governance 10 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $70,211,705 across 5 lines filed
Lines not itemized here account for $63,350 of total revenue; see the IRS return.
VIII-1e Government grants$69,975,956
VIII-1f All other contributions, gifts and grants$112,583
VIII-1h Total contributions, gifts and grants$70,088,539
VIII-3 Investment incomeExcluded from tax $59,816$59,816
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $123,166$70,211,705
Part IX · Statement of functional expenses $69,984,405 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $4,519,187$4,519,187
IX-3 Grants and assistance to foreign recipientsPrograms $12,421,632$12,421,632
IX-5 Pay of current officers, directors and key staffPrograms $2,640 · Management $1,200,062$1,202,702
IX-7 Other salaries and wagesPrograms $14,138,172 · Management $3,922,014 · Fundraising $1,255,929$19,316,115
IX-8 Pension plan contributionsPrograms $460,268 · Management $376,738 · Fundraising $112,047$949,053
IX-9 Other employee benefitsPrograms $3,936,107 · Management $1,717,326 · Fundraising $511,445$6,164,878
IX-10 Payroll taxesPrograms $381,628 · Management $346,885 · Fundraising $87,231$815,744
IX-11b Legal feesManagement $93,949$93,949
IX-11c Accounting feesManagement $98,500$98,500
IX-11g Other fees for servicesPrograms $4,310,619 · Management $790,406 · Fundraising $152,462$5,253,487
IX-12 Advertising and promotionPrograms $2,262,706 · Management $253,672 · Fundraising $904$2,517,282
IX-13 Office expensesPrograms $651,110 · Management $13,752 · Fundraising $8,443$673,305
IX-16 OccupancyPrograms $1,985,477 · Management $150,001 · Fundraising $33,676$2,169,154
IX-17 TravelPrograms $3,410,561 · Management $388,787 · Fundraising $59,114$3,858,462
IX-20 InterestManagement $182,646$182,646
IX-22 Depreciation, depletion and amortizationPrograms $35,792 · Management $6,194 · Fundraising $1,391$43,377
IX-23 InsurancePrograms $125,928 · Management $21,792 · Fundraising $4,892$152,612
IX-24 Other expenses (24a–d)Programs $9,035,602 · Management $487,878 · Fundraising $28,840$9,552,320
IX-25 Total functional expensesPrograms $57,677,429 · Management $10,050,602 · Fundraising $2,256,374$69,984,405
Part X · Balance sheet $18,300,400 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $6,683,662$5,092,693
X-2 Savings and temporary cash investmentsStart of year $5,537,458$2,029,084
X-3 Pledges and grants receivableStart of year $6,468,798$8,124,930
X-4 Accounts receivableStart of year $163,396$95,858
X-9 Prepaid expenses and deferred chargesStart of year $302,259$486,093
X-10c Land, buildings and equipment, netStart of year $84,519$41,143
X-11 Publicly traded securitiesStart of year $677,234$806,894
X-15 Other assetsStart of year $2,412,151$1,623,705
X-16 Total assetsStart of year $22,329,477$18,300,400
X-17 Accounts payable and accrued expensesStart of year $4,214,035$4,288,841
X-19 Deferred revenueStart of year $4,335,152$415,949
X-25 Other liabilitiesStart of year $4,648,770$4,236,790
X-26 Total liabilitiesStart of year $15,834,420$11,578,043
X-27 Net assets without donor restrictionsStart of year $6,495,057$6,722,357
X-32 Total net assets or fund balancesStart of year $6,495,057$6,722,357
X-33 Total liabilities and net assetsStart of year $22,329,477$18,300,400
Part XI · Reconciliation of net assets $6,722,357 net assets at year end
XI-1 Total revenue$70,211,705
XI-2 Total expenses$69,984,405
XI-3 Revenue less expenses$227,300
XI-4 Net assets at start of year$6,495,057
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,722,357

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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