2023-08-30T09:21:26-05:00 2022-12-31 BDO USA PA 100 PARK AVENUE NEW YORK NY 100175001 990 2022-01-01 203668110 One Acre Fund % AYANDA MNGADI ONEA 2027449613 1954 First Street SUITE 183 Highland Park IL 60035 Ayanda Mngadi CFO 2027449613 2023-08-30 true Ayanda Mngadi 999009999 Paul Hammerschmidt P01384178 2128858000 2 2022 2023-04-26 12:10:37Z Andrew Youn 1954 First Street STE 183 Highland Park IL 60035 225975212 false X www.oneacrefund.org X 2005 IL TO EMPOWER CHRONICALLY HUNGRY FARM FAMILIES IN AFRICA TO LIFT THEMSELVES OUT OF HUNGER AND POVERTY. 9 7 90 7 0 0 131182954 76801462 110993050 137372325 211424 142724 -405227 -500344 241982201 213816167 5457928 13038070 0 0 48533467 57457408 0 0 4583203 136610769 166814316 190602164 237309794 51380037 -23493627 248719493 223099275 122258203 120874401 126461290 102224874 TO EMPOWER CHRONICALLY HUNGRY FARM FAMILIES IN AFRICA TO LIFT THEMSELVES OUT OF HUNGER AND POVERTY. ONE ACRE FUND ACHIEVES ITS MISSION BY WORKING WITH SELF-HELP GROUPS IN RURAL VILLAGES TO DELIBERATELY REACH THE MOST SEVERELY HUNGER-AFFECTED. false false 225364133 13038070 137372325 THE ORGANIZATION STARTED WORKING WITH 40 FARM FAMILIES IN JANUARY 2006 AND AS OF DECEMBER 31, 2022 IT IS SERVING OVER 1,588,000 FARMERS IN AFRICA TO TEACH THEM MORE PRODUCTIVE FARMING METHODS AND HELP ELIMINATE HUNGER. THE ORGANIZATION REACHED OVER 8.1 MILLION PEOPLE IN THOSE FAMILIES. 225364133 true true false true false false false false false false true false false false true true false true false true true true false false true false false false false true false false false false false false false false true false false false true true true true true false true X 1 0 true 90 true false true BY ET IN KE MI NI RW TZ UG ZA false false false true true false false false false false false X 9 7 false false false false false false false true true false false true true true true true true true false false IL X AYANDA MNGADI 2027449613 1954 FIRST STREET SUITE 183 highland park IL 60035 X ANDREW YOUN EXECUTIVE DIRECTOR 35.0 0.0 X X 197159 0 13221 MATTHEW FORTI MANAGING DIR., OAF USA/SECY. 50.0 0.0 X X 169491 0 32315 STEPHANIE HANSON SR VP, POLICY & PARTNERSHIPS 50.0 0.0 X 152965 0 30265 SARAH LAHAYE EUROPE BUSINESS DEV. DIRECTOR 50.0 0.0 X 181380 0 0 AYANDA MNGADI CHIEF FINANCIAL OFFICER 50.0 0.0 X 169605 0 4572 PATRICK BELL TUPANDE COO 50.0 0.0 X 156122 0 3500 BRIAN HEESE INVESTOR RELATIONS DIRECTOR 50.0 0.0 X 156453 0 2532 COLIN CHRISTENSEN GLOBAL POLICY & ADVOCACY LEAD 50.0 0.0 X 114450 0 26865 AKIFUMI KITA DIR. BUSINESS & PARTNER DEV. 50.0 0.0 X 127716 0 800 JAMES MWANGI BOARD CHAIR 3.0 0.0 X 0 0 0 JOEL ACKERMAN BOARD MEMBER 3.0 0.0 X 0 0 0 AGNES GATHAIYA BOARD MEMBER 3.0 0.0 X 0 0 0 KARL HOFMANN BOARD MEMBER 3.0 0.0 X 0 0 0 WILLIAM KAYONGA BOARD MEMBER 3.0 0.0 X 0 0 0 FRED OGANA BOARD MEMBER 3.0 0.0 X 0 0 0 ADA OSAKWE BOARD MEMBER 3.0 0.0 X 0 0 0 1425341 0 114070 26 false true false BDO USA LLP 100 PARK AVENUE NEW YORK NY 10017 AUDIT & TAX 161828 1 808412 7059043 68934007 12064600 76801462 PROGRAM FEES 111000 94355552 94355552 SEED AND FERTILIZER SALES 111000 43016773 43016773 137372325 139823 139823 0 0 0 0 0 11779088 292585 11779088 289684 2901 2901 2901 90273 808412 90273 0 0 0 0 0 0 0 0 LOSSES ON FARMERS CROP INSURANCE 111000 -1272988 -1272988 MISCELLANEOUS INCOME 111000 772644 772644 -500344 213816167 137372325 -357620 0 0 13038070 13038070 0 769593 610878 93990 64725 0 33483164 26577886 4089259 2816019 0 13436864 10665761 1641028 1130075 9767787 7753363 1192928 821496 0 255499 175993 15409 64097 209152 144068 12614 52470 20000 20000 0 0 0 2771970 2771970 1578760 1567633 7332 3795 0 0 6293235 6205896 48179 39160 5992247 5655186 197560 139501 0 0 1979978 1979978 0 1514694 1514694 146773 142920 2539 1314 REIMB. FROM DECONSOL. AFF. -2313648 -1541091 -133180 -639377 FARMING SUPPLIES 115709583 115709583 GENERAL SUPPLIES 9409987 9264192 96068 49727 BAD DEBT EXPENSE 7015888 7015888 16230198 16091265 98732 40201 237309794 225364133 7362458 4583203 62044391 49052327 0 0 63837262 56944908 23229444 25032159 0 0 0 0 0 0 54702024 59053387 26356899 12697985 23528196 7083469 14169739 16444727 0 0 938644 1006079 0 0 0 0 3441090 2867703 248719493 223099275 9373044 10876942 0 0 52944062 39034632 0 0 0 0 0 0 0 0 58092221 68457211 1848876 2505616 122258203 120874401 X 43820220 18198614 82641070 84026260 126461290 102224874 248719493 223099275 X -23493627 -742789 X false true X true false X 68727753 84879918 86059438 131182954 76801462 447651525 0 0 68727753 84879918 86059438 131182954 76801462 447651525 60126498 387525027 95556 262683 159974 147936 139823 805972 0 0 0 0 0 0 441548 209146 434332 -405227 -500344 179455 448636952 486143762 0.86378 0.85810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 31445 false false 31445 false PART II-B, LINE 1G: Advocacy for a dedicated fund for agriculture-focused social enterprises in the final Fiscal Year 2023 State-Foreign Operations Appropriations bill. 2231568 2231568 13410121 3979010 9431111 7646893 3104459 4542434 239614 0 239614 16444727 0 TAXES PAYABLE 1648844 OTHER EMPLOYEE RELATED LIABILITIES 856772 2505616 X PART X, LINE 2: ONE ACRE FUND IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS ALSO CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION HAS NO UNRELATED BUSINESS INCOME DURING THE YEAR ENDED DECEMBER 31, 2022, AND, THEREFORE, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION HAD NO INCOME TAX EXPENSE FOR THE YEAR ENDED DECEMBER 31, 2022. UNDER U.S. GAAP, AN ORGANIZATION MUST RECOGNIZE THE TAX LIABILITY ASSOCIATED WITH TAX POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY A TAXING AUTHORITY. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. ADDITIONALLY, THE ORGANIZATION HAS FILED INTERNAL REVENUE SERVICE (IRS) FORM 990 INFORMATION RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHERE SO REQUIRED. FOR THE YEAR ENDED DECEMBER 31, 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. THE ORGANIZATION IS SUBJECT TO A ROUTINE AUDIT BY TAXING AUTHORITIES. true Sub-Saharan Africa 6 9208 Program Services FARMING and EDUCATION 225270462 Sub-Saharan Africa 2 662 Grantmaking 13038070 8 9870 8 9870 238308532 238308532 Sub-Saharan Africa PROGRAM 7155441 WIRE Sub-Saharan Africa PROGRAM 4435784 WIRE Sub-Saharan Africa PROGRAM 996845 WIRE South Asia PROGRAM 450000 WIRE 1 3 true true true false false false PART I, LINE 2: ONE ACRE FUND AWARDED GRANTS FOR PROGRAM SERVICE SUPPORT TO ITS RELATED ENTITIES FOR OVERSEAS OPERATIONS IN 2 COUNTRIES. THESE FOREIGN ORGANIZATIONS SHARE THE SAME PROGRAM MISSION, POLICIES, PROCEDURES, MANAGEMENT AND BOARD OVERSIGHT AS ONE ACRE FUND. MANAGEMENT AND THE BOARD OF DIRECTORS HAVE THE PRIMARY RESPONSIBILITY OF OVERSEEING THE DISTRIBUTION OF GRANTS. ANNUAL GALA 898685 808412 90273 90273 0 898685 808412 90273 90273 90273 X X true true X X X false false false false false false false false false ANDREW YOUN EXECUTIVE DIRECTOR 109857 0 20647 0 66655 0 0 0 13221 0 210380 0 0 0 MATTHEW FORTI MANAGING DIR., OAF USA/SECY. 162819 0 6672 0 0 0 0 0 32315 0 201806 0 0 0 STEPHANIE HANSON SR VP, POLICY & PARTNERSHIPS 141847 0 11118 0 0 0 0 0 30265 0 183230 0 0 0 SARAH LAHAYE EUROPE BUSINESS DEV. DIRECTOR 147824 0 33556 0 0 0 0 0 0 0 181380 0 0 0 AYANDA MNGADI CHIEF FINANCIAL OFFICER 92343 0 20531 0 56731 0 0 0 4572 0 174177 0 0 0 PATRICK BELL TUPANDE COO 118560 0 37562 0 0 0 0 0 3500 0 159622 0 0 0 BRIAN HEESE INVESTOR RELATIONS DIRECTOR 154500 0 1953 0 0 0 0 0 2532 0 158985 0 0 0 PART I, LINE 1B: ONE ACRE FUND HAS A POLICY THAT COVERS REIMBURSEMENT OF HOUSING ALLOWANCE AND HOME OFFICE EXPENSES, HOWEVER THE POLICY DOES NOT EXPLICITLY STATE THE AMOUNT PROVIDED TO THE MANAGING DIRECTOR. THIS AMOUNT IS APPROVED BY THE DIRECTOR OF HUMAN RESOURCES. X 26 11781568 MARKET QUOTATION X Land 1 283032 valuation report false true false PART I, COLUMN (B): THE FILING ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, DECONSOLIDATION OF AUDITED FINANCIAL STATEMENTS: FOR 2022, THE FOLLOWING ENTITIES HAVE BEEN CONSOLIDATED ON THE AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH U.S. GAAP, HOWEVER FOR FORM 990 PURPOSES HAVE BEEN DECONSOLIDATED: - ONE ACRE UK - ONE ACRE STICHTING - REGISTERED TRUSTEES OF ONE ACRE FUND (MALAWI) - ONE ACRE FARMERS ORGANIZATION ONE ACRE UK AND ONE ACRE STICHTING ARE FOREIGN-RECOGNIZED, NON-501(C)(3) NOT-FOR-PROFITS IN THE UK AND NETHERLANDS, RESPECTIVELY, AND AS SUCH HAVE BEEN DECONSOLIDATED ON THE FORM 990. REGISTERED TRUSTEES OF ONE ACRE FUND (MALAWI) IS A FOREIGN-RECOGNIZED CORPORATION IN MALAWI AND AS SUCH HAS BEEN DECONSOLIDATED ON THE FORM 990. ONE ACRE FARMERS ORGANIZATION IS A FOREIGN-RECOGNIZED TRUST/NONGOVERNMENT ORGANIZATION (NGO) IN NIGERIA AND AS SUCH HAS BEEN DECONSOLIDATED ON THE FORM 990. FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 IS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE CFO REVIEWS AND THEN FORWARDS THE DRAFT FORM 990 TO THE BOARD CHAIR, WHO ALSO REVIEWS AND APPROVES. EACH BOARD MEMBER IS SUPPLIED WITH A COPY OF THE FEDERAL RETURN AS WELL. FORM 990, PART VI, SECTION B, LINE 12C: EVERY YEAR AT A BOARD MEETING EACH MEMBER IS ASKED TO UPDATE/DISCLOSE CONFLICTS OF INTEREST, IF ANY. ANY SUSPICION OF UNDISCLOSED CONFLICTS OF INTEREST ARE TIMELY INVESTIGATED. FORM 990, PART VI, SECTION B, LINE 15A: THE INDEPENDENT BOARD OF DIRECTORS ANNUALLY REVIEW THE FAIRNESS OF THE EXECUTIVE DIRECTOR'S COMPENSATION AND BENEFITS BASED ON A RIGOROUS INTERNAL ANALYSIS WHICH IDENTIFIES A COMPARABLE SET OF PEERS AND GATHERS THEIR PUBLICLY AVAILABLE COMPENSATION INFORMATION. THE INDEPENDENT BOARD HAS REVIEWED AND APPROVED ADJUSTMENTS IN THE EXECUTIVE DIRECTOR'S COMPENSATION AND BENEFITS. THE MINUTES OF DECISION OF THE BOARD IS PREPARED BEFORE THE LATER OF THE NEXT MEETING OR 60 DAYS AFTER THE FINAL DECISION OF THE BOARD AND THE COMMITTEE. THE MINUTES RECORD A) THE DATE OF THE DECISION B) THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT C) THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED D) THE COMPARABLE DATA USED AND E) HOW THE COMPARABLE DATA WAS OBTAINED. FORM 990, PART VI, SECTION B, LINE 15B: KEY EMPLOYEES' PERFORMANCE IS REVIEWED BY THE EXECUTIVE DIRECTOR, WHO ALSO APPROVES THEIR COMPENSATION WITHIN THE BOARD-APPROVED BUDGET. AN ANNUAL COMPENSATION SURVEY IS ALSO DONE TO AID IN THE DECISION. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE AND PAST FINANCIAL STATEMENTS ARE AVAILABLE ON THE ILLINOIS ATTORNEY GENERAL'S WEBSITE. FORM 990, PART VII, SECTION A: The Organizations Bylaws provide that any member may serve as an officer of this corporation. The Board Chair has not been elected as an officer of the corporation or of the board. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY REMEASUREMENT LOSS............$(742,789) SMALLHOLDER RESILIENCE VENTURES LLC 1954 FIRST STREET SUITE 183 HIGHLAND PARK IL 60035 922137222 FUNDRAISE DE 0 0 ONE ACRE UK LIMITED Kemp House 152 - 160 City Rd london UK EC1V 2NX CHARITY UK FOREIGN FOREIGN NA false ONE ACRE STICHTING Arthur van Schendelstraat 754 Utrecht NL 3511 MK CHARITY NL FOREIGN FOREIGN NA false REGISTERED TRUSTEES OF ONE ACRE FUND PO BOX 300 ZOMBA MI FARMING MI ONE ACRE FUND FOREIGN CORP 18202176 10346703 1.00000 true ONE ACRE FARMERS ORGANIZATION Plot 2563 Hassan Musa JASTINA ST Asokoro Abuja NI FARMING NI ONE ACRE FUND FOREIGN TRUST 10972304 5042873 1.00000 true false true false false false false false false false false false false false false false false false false false ONE ACRE FARMERS ORGANIZATION B 4435784 COST REGISTERED TRUSTEES OF ONE ACRE FUND B 7155441 COST