Cnfa EIN 52-1447902

Cnfa FY2020 filing

EIN  52-1447902 Public charity (501(c)(3)) Washington, DC Founded 1985
Form 990 (PDF)
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Verified accurate 7/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Cultivates entrepreneurship to boost economic growth and improve lives.
Leadership
Sylvain Roy · President & CEO · $501K
Money in and out
$48.8M revenue, $48.5M expenses
Bottom line
82% program efficiency

Cultivates entrepreneurship to boost economic growth and improve lives. For fiscal year 2020 it reported $48.8M in revenue, $48.5M in expenses, and $5.2M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$48.8M
Pt VIII · Ln 12
Total expenses
$48.5M
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $321K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program efficiency
82%
of spending reaches programs
Operating runway
3.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
+1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$48.8M
FY2020
Expenses
$48.5M
FY2020
Total assets
$19.5M
FY2020
Total liabilities
$14.3M
FY2020
Total revenue
$48.8M
Pt VIII · Ln 12
Total expenses
$48.5M
Pt IX · Ln 25
Net assets
$5.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$321K
Total assetsPt X · Ln 16$19.5M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 413
Mission & Programs · Part III

Where the work happens

3 program services account for $20.0M of program spending, described in the organization's own filed words · FY2020.
01

Feed the Future Rwanda Hinga Weze Activity

The feed the future rwanda hinga weze activity is a five-year usaid-funded project (2017-2022) that aims to sustainably increase smallholder farmers' income, improve the nutritional status of women and children, and increase the resilience of rwanda's agricultural and food systems to a changing climate.

$9.5Mprogram expense
02

Egypt Fas

The goal of fas is to increase agriculture-related incomes of smallholder farmers in upper egypt. The cnfa team will achieve this goal by implementing a market-driven approach that facilitates sustainable, pro-poor value chain development and helps smallholders increase access to domestic and export markets.

$6.2Mprogram expense
03

Georgia Apg

The purpose of the usaid agriculture program, implemented by this contract, is to provide technical assistance services that result in accelerated growth of agricultural sub-sectors that show strong potential to create jobs and increase msme revenues, including the production and processing of fruits, vegetables, herbs, and other…

$4.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCnfa
EINHdr · item D52-1447902
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.cnfa.org
Year of formationHdr · item L1985
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q023)
Ruling yearIRS BMFOct 1986

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$501,398Pt VII · Sec A
Chief Operating Officer
$392,395Pt VII · Sec A
Chief of Party, Zimbabwe
$295,950Pt VII · Sec A
Chief of Party,rwanda
$248,576Pt VII · Sec A
Vice President, Program Development
$241,371Pt VII · Sec A
SR Director of Finance and Admin.-Niger Project
$222,761Pt VII · Sec A
Chief of Party, Azerbaijan
$211,633Pt 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 344 $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.

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Statement of Revenue

Part VIII
Contributions & grants100%$48.8M
Investment income$2K
Other revenue$45K
— government grantsLn 1e$48.7M
Total revenueLn 12$48.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.12 Fundraising $0.06
Program services82%$39.6M
Management & general12%$6.0M
Fundraising6%$2.9M
Total functional expensesLn 25$48.5M

Balance Sheet

Part X · end of year
CashLn 1$12.2M
Total assetsLn 16$19.5M
Total liabilitiesLn 26$14.3M
Total net assetsLn 32$5.2M
Months of cash on handcomputed3.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.6M · Operating expenses/yr $48.5M
3.1 months
Where the money goes
Program services
Program services $39.6M · Total expenses $48.5M
82%
Management & General
Management & general $6.0M · Total expenses $48.5M
12%
Fundraising
Fundraising $2.9M · Total expenses $48.5M
6%
Cost to raise $1
Fundraising expense $2.9M · Solicited contributions $134K
$21.59 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $48.8M · Total revenue $48.8M
100%
Government reliance
Government grants $48.7M · Total revenue $48.8M
100%
Earned-income share
Program service revenue $0 · Total revenue $48.8M
0%
Investment reliance
Investment income $2K · Total revenue $48.8M
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $48.5M
0%
Growth & trend
Revenue growth (YoY)
This year $48.8M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $5.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $48.8M · Expenses $48.5M
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $19.5M
Net-asset ratio
Net assets $5.2M · Total assets $19.5M
27%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $390K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $19.5M
2%
People & payroll
Highest Reported Total Compensation
Individual Sylvain Roy · Reported title PRESIDENT & CEO · Highest reported compensation $501K · Total expenses $48.5M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $23.1M · Total expenses $48.5M
48%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 12%
Fundraising cost ratio 6%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$37K
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 →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$70.2M revenue · ⤓ 990 PDF
FY2023$73.1M revenue · ⤓ 990 PDF
FY2022$60.7M revenue · ⤓ 990 PDF
FY2021$53.9M revenue · ⤓ 990 PDF
FY2020$48.8M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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