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.
$2.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
$2.1M
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
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
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
$14.3M
73% of total assets
Worth a look: liabilities are 73% of assets; over 65%.
Pt X · Ln 26
Independent board members
13
of 14 voting members
Looks good: 13 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48.8M
Spent
$48.5M
To programs
82%
Net assets
$5.2M
By yearFY2020–FY2024
Revenue
$48.8M
FY2020
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
$48.5M
FY2020
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
$5.2M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $39.6M Management & general 12% · $6.0M Fundraising 6% · $2.9M

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

20 people listed on the 990; $2.1M paid to officers and key staff.

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 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.

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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.

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Provided by the organization

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3 programs · $20.0M · in their 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

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$48.8M
Ln 12
Gifts and grantsLn 1h$48.8M
Other incomeLn 4–11$45K
Investment incomeLn 3$2K
Money outPt IX
$48.5M
Ln 25
Programscol B$39.6M
Managementcol C$6.0M
Fundraisingcol D$2.9M
Owns and owesPt X
$5.2M
net assets · Ln 32
Cash and savingsLn 1–2$12.2M
Total assetsLn 16$19.5M
LiabilitiesLn 26$14.3M
PeoplePt VI, VII
20
listed · VII A
PaidVII A7
Voting boardVI 1a14
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$48.8M
Government grantsLn 1e$48.7M
Investment incomeLn 3$2K
Other incomeLn 4–11$45K
Total revenueLn 12$48.8M
Assets in detailPt X, end of year
CashLn 1$11.2M
SavingsLn 2$998K
Cash and savings togetherLn 1–2$12.2M
InvestmentsLn 11–13$390K
Land, buildings, equipmentLn 10c$186K
Total assetsLn 16$19.5M
LiabilitiesLn 26$14.3M
Net assetsLn 32$5.2M
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 FY20End FY20
Cash and savingsLn 1–2$6.7M$12.2M
InvestmentsLn 11–13$293K$390K
Land, buildings, equipmentLn 10c$235K$186K
Total assetsLn 16$13.6M$19.5M
LiabilitiesLn 26$8.7M$14.3M
Net assetsLn 32$4.9M$5.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.5M$2.5M
Grants and assistance to foreign recipientsLn 3$9.5M$9.5M
Pay of current officers, directors and key staffLn 5$1.0M$2K$1.0M
Other salaries and wagesLn 7$16.3M$12.3M$2.4M$1.6M
Pension plan contributionsLn 8$669K$364K$176K$129K
Other employee benefitsLn 9$4.5M$3.0M$944K$605K
Payroll taxesLn 10$588K$295K$196K$97K
Legal feesLn 11b$61K$61K
Accounting feesLn 11c$81K$81K
Other fees for servicesLn 11g$3.1M$2.5M$331K$302K
Office expensesLn 13$1.0M$812K$225K$5K
Information technologyLn 14$540K$514K$10K$16K
OccupancyLn 16$2.0M$1.8M$130K$63K
TravelLn 17$2.0M$2.0M$57K$38K
InterestLn 20$90K$90K
Depreciation, depletion and amortizationLn 22$65K$53K$8K$4K
InsuranceLn 23$83K$68K$10K$5K
Other expenses (24a–d)Ln 24$4.3M$4.0M$246K$8K
Total functional expensesLn 25$48.5M$39.6M$6.0M$2.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $48.8M$48.5M$321K$5.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $48,837,572 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $54,313,149$48,790,990
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $21$1,875
I-11 Other revenuePrior year $221,038$44,707
I-12 Total revenuePrior year $54,534,208$48,837,572
I-13 Grants and similar amounts paidPrior year $13,372,295$11,982,384
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $21,632,916$23,131,726
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $19,242,347$13,402,692
I-18 Total expensesPrior year $54,247,558$48,516,802
I-19 Revenue less expensesPrior year $286,650$320,770
Part VI · Governance 13 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members13
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 $48,837,572 across 6 lines filed
VIII-1e Government grants$48,657,293
VIII-1f All other contributions, gifts and grants$133,697
VIII-1h Total contributions, gifts and grants$48,790,990
VIII-3 Investment incomeExcluded from tax $1,875$1,875
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $44,707$44,707
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $46,582$48,837,572
Part IX · Statement of functional expenses $48,516,802 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $2,524,578$2,524,578
IX-3 Grants and assistance to foreign recipientsPrograms $9,457,806$9,457,806
IX-5 Pay of current officers, directors and key staffPrograms $2,293 · Management $1,033,770$1,036,063
IX-7 Other salaries and wagesPrograms $12,302,046 · Management $2,382,588 · Fundraising $1,614,644$16,299,278
IX-8 Pension plan contributionsPrograms $363,988 · Management $175,950 · Fundraising $129,244$669,182
IX-9 Other employee benefitsPrograms $2,989,806 · Management $944,140 · Fundraising $605,027$4,538,973
IX-10 Payroll taxesPrograms $294,997 · Management $196,391 · Fundraising $96,842$588,230
IX-11b Legal feesManagement $60,808$60,808
IX-11c Accounting feesManagement $80,600$80,600
IX-11g Other fees for servicesPrograms $2,458,702 · Management $330,669 · Fundraising $301,506$3,090,877
IX-13 Office expensesPrograms $812,159 · Management $225,292 · Fundraising $4,687$1,042,138
IX-14 Information technologyPrograms $514,430 · Management $9,520 · Fundraising $16,245$540,195
IX-16 OccupancyPrograms $1,812,009 · Management $130,348 · Fundraising $63,303$2,005,660
IX-17 TravelPrograms $1,954,351 · Management $56,856 · Fundraising $38,011$2,049,218
IX-20 InterestManagement $90,268$90,268
IX-22 Depreciation, depletion and amortizationPrograms $53,280 · Management $7,964 · Fundraising $3,843$65,087
IX-23 InsurancePrograms $67,840 · Management $10,140 · Fundraising $4,893$82,873
IX-24 Other expenses (24a–d)Programs $4,040,768 · Management $246,027 · Fundraising $8,173$4,294,968
IX-25 Total functional expensesPrograms $39,649,053 · Management $5,981,331 · Fundraising $2,886,418$48,516,802
Part X · Balance sheet $19,459,672 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $6,479,261$11,222,112
X-2 Savings and temporary cash investmentsStart of year $247,059$997,989
X-3 Pledges and grants receivableStart of year $5,329,901$5,889,884
X-4 Accounts receivableStart of year $747,445$439,250
X-9 Prepaid expenses and deferred chargesStart of year $268,213$333,918
X-10c Land, buildings and equipment, netStart of year $234,830$186,093
X-11 Publicly traded securitiesStart of year $292,599$390,426
X-16 Total assetsStart of year $13,599,308$19,459,672
X-17 Accounts payable and accrued expensesStart of year $3,033,170$2,684,895
X-19 Deferred revenueStart of year $1,602,627$6,142,151
X-25 Other liabilitiesStart of year $1,029,235$1,566,232
X-26 Total liabilitiesStart of year $8,739,147$14,278,741
X-27 Net assets without donor restrictionsStart of year $4,860,161$5,180,931
X-32 Total net assets or fund balancesStart of year $4,860,161$5,180,931
X-33 Total liabilities and net assetsStart of year $13,599,308$19,459,672
Part XI · Reconciliation of net assets $5,180,931 net assets at year end
XI-1 Total revenue$48,837,572
XI-2 Total expenses$48,516,802
XI-3 Revenue less expenses$320,770
XI-4 Net assets at start of year$4,860,161
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,180,931

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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