Aceli Africa INC

Tax-deductible

Washington, DC501(c)(3)Since 2019InternationalEIN 84-3344516Revenue $17.3M in FY2024

On file with the IRSaceliafrica.org1401 K St Nw Ste 900, 20005-3455 · Washington, DCTax-exempt since Nov 2021Publicly supported charity — 170(b)(1)(A)(vi)

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Aceli incentivises incremental lending to smes to the least served market segments.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Run by 10 volunteers.
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
4 of 4
filings with a surplus
Average surplus $978K a year · 10% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$378K
to officers and key staff · 2% of spending
Top officer’s pay lower than 52% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $14.0M
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$14.3M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.3M
+43% vs prior year
Spent
$15.2M
To programs
95%
Net assets
$3.9M
By yearFY2021–FY2024
Revenue
$17.3M
FY2024▲ +43%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.8M
FY2022$6.2M
FY2023$12.0M
FY2024$17.3M
Expenses
$15.2M
FY2024▲ +43%
Tap a bar for its year
Expenses by fiscal year
FY2021$3.6M
FY2022$6.1M
FY2023$10.6M
FY2024$15.2M
Net assets
$3.9M
FY2024▲ +114%
Tap a bar for its year
Net assets by fiscal year
FY2021$224K
FY2022$415K
FY2023$1.8M
FY2024$3.9M

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 Nov 2021.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $14.4M Management & general 5% · $746K

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

10 people listed on the 990; $378K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO, Aceli Africa
$251,916Pt VII · Sec A
Senior Manager
$126,192Pt VII · Sec A
Board Director, CEO of Gdi
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Brian Milder’s $252K as CEO, Aceli Africa is at the 48th 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 · 3 named individuals · Part VII

NameFY2024FY2023
Brian Milder$251,916—
Brian Milder Dir of Gdi—$153,557
Andrea Zinn$126,192—

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 Aceli Africa INC 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

Encourages small loans for underserved small businesses.

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Provided by the organization

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3 programs · $14.4M · in their own filed words · FY2024
01

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.

$14.3Mprogram expense
02

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.

$70Kprogram expense
03

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…

$62Kprogram 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 3 funders$14.0M
See all 3 funders →
Grants paid · 1 grant · $6K · 2024–2024

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$17.3M
Ln 12
Gifts and grantsLn 1h$17.0M
Investment incomeLn 3$189K
Fees for servicesLn 2g$70K
Money outPt IX
$15.2M
Ln 25
Programscol B$14.4M
Managementcol C$746K
Owns and owesPt X
$3.9M
net assets · Ln 32
Cash and savingsLn 1–2$8.9M
Total assetsLn 16$18.2M
LiabilitiesLn 26$14.3M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$17.0M
Government grantsLn 1e$3.4M
Fees for servicesLn 2g$70K
Investment incomeLn 3$189K
Other incomeLn 4–11$40K
Total revenueLn 12$17.3M
Assets in detailPt X, end of year
CashLn 1$548K
SavingsLn 2$8.4M
Cash and savings togetherLn 1–2$8.9M
InvestmentsLn 11–13$2.8M
Other assetsLn 15$514K
Total assetsLn 16$18.2M
LiabilitiesLn 26$14.3M
Net assetsLn 32$3.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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$11.4M$8.9M
InvestmentsLn 11–13$0$2.8M
Total assetsLn 16$15.3M$18.2M
LiabilitiesLn 26$13.5M$14.3M
Net assetsLn 32$1.8M$3.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Grants and assistance to foreign recipientsLn 3$1.8M$1.8M
Pay of current officers, directors and key staffLn 5$268K$268K
Other salaries and wagesLn 7$196K$196K
Pension plan contributionsLn 8$13K$13K
Other employee benefitsLn 9$90K$90K
Payroll taxesLn 10$34K$34K
Legal feesLn 11b$87K$87K
Accounting feesLn 11c$47K$19K$28K
Other fees for servicesLn 11g$5.2M$4.8M$464K
Advertising and promotionLn 12$16K$16K$38
Office expensesLn 13$74K$29K$45K
Information technologyLn 14$112K$27K$85K
OccupancyLn 16$52K$28K$24K
TravelLn 17$364K$353K$11K
Conferences, conventions and meetingsLn 19$68K$67K$1K
Other expenses (24a–d)Ln 24$6.7M$6.7M
Total functional expensesLn 25$15.2M$14.4M$746K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $17.3M$15.2M$2.1M$3.9M 990 PDF
FY2023 $12.0M$10.6M$1.4M$1.8M 990 PDF
FY2022 $6.2M$6.1M$191K$415K 990 PDF
FY2021 $3.8M$3.6M$247K$224K 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 $17,258,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,764,403$16,959,889
I-9 Program service revenuePrior year $205,599$69,819
I-10 Investment incomePrior year $51,915$188,655
I-11 Other revenuePrior year $15,441$40,432
I-12 Total revenuePrior year $12,037,358$17,258,795
I-13 Grants and similar amounts paidPrior year $557,127$1,818,381
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $333,876$600,544
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $9,740,564$12,771,595
I-18 Total expensesPrior year $10,631,567$15,190,520
I-19 Revenue less expensesPrior year $1,405,791$2,068,275
Part VI · Governance 5 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
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 $17,258,795 across 8 lines filed
VIII-1d Related organizations$12,731,616
VIII-1e Government grants$3,355,811
VIII-1f All other contributions, gifts and grants$872,462
VIII-1h Total contributions, gifts and grants$16,959,889
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,819$69,819
VIII-3 Investment incomeExcluded from tax $188,655$188,655
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $40,432$40,432
VIII-12 Total revenueRelated to mission $69,819 · Unrelated business $0 · Excluded from tax $229,087$17,258,795
Part IX · Statement of functional expenses $15,190,520 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $5,772$5,772
IX-3 Grants and assistance to foreign recipientsPrograms $1,812,609$1,812,609
IX-5 Pay of current officers, directors and key staffPrograms $268,056$268,056
IX-7 Other salaries and wagesPrograms $195,721$195,721
IX-8 Pension plan contributionsPrograms $13,184$13,184
IX-9 Other employee benefitsPrograms $89,848$89,848
IX-10 Payroll taxesPrograms $33,735$33,735
IX-11b Legal feesManagement $87,179$87,179
IX-11c Accounting feesPrograms $18,680 · Management $28,168$46,848
IX-11g Other fees for servicesPrograms $4,762,802 · Management $464,199$5,227,001
IX-12 Advertising and promotionPrograms $15,923 · Management $38$15,961
IX-13 Office expensesPrograms $28,969 · Management $45,441$74,410
IX-14 Information technologyPrograms $26,935 · Management $84,724$111,659
IX-16 OccupancyPrograms $28,032 · Management $24,282$52,314
IX-17 TravelPrograms $353,333 · Management $10,597$363,930
IX-19 Conferences, conventions and meetingsPrograms $66,549 · Management $1,349$67,898
IX-24 Other expenses (24a–d)Programs $6,724,395$6,724,395
IX-25 Total functional expensesPrograms $14,444,543 · Management $745,977 · Fundraising $0$15,190,520
Part X · Balance sheet $18,233,700 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $9,405,612$548,149
X-2 Savings and temporary cash investmentsStart of year $1,951,076$8,358,265
X-3 Pledges and grants receivableStart of year $3,324,324$5,369,591
X-4 Accounts receivableStart of year $0$4,750
X-9 Prepaid expenses and deferred chargesStart of year $3,388$602,004
X-11 Publicly traded securitiesStart of year $0$2,837,436
X-15 Other assetsStart of year $657,849$513,505
X-16 Total assetsStart of year $15,342,249$18,233,700
X-17 Accounts payable and accrued expensesStart of year $2,726,216$2,318,882
X-25 Other liabilitiesStart of year $10,794,771$12,025,281
X-26 Total liabilitiesStart of year $13,520,987$14,344,163
X-27 Net assets without donor restrictionsStart of year $1,821,262$3,889,537
X-32 Total net assets or fund balancesStart of year $1,821,262$3,889,537
X-33 Total liabilities and net assetsStart of year $15,342,249$18,233,700
Part XI · Reconciliation of net assets $3,889,537 net assets at year end
XI-1 Total revenue$17,258,795
XI-2 Total expenses$15,190,520
XI-3 Revenue less expenses$2,068,275
XI-4 Net assets at start of year$1,821,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,889,537

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

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