2020-06-15T15:40:40-05:00 2019-12-31 BDO USA LLP 100 PARK AVENUE NEW YORK NY 100175001 990 2019-01-01 203668110 One Acre Fund % AYANDA MNGADI ONEA 2027449613 1954 First Street SUITE 183 Highland Park IL 60035 ANDREW YOUN executive director 2027449613 2020-06-15 true Paul Hammerschmidt P01384178 2128858000 24.98.146.212 26308920201675000078 2020-06-15 P 5B647EDC1EA3D2D73D6BFB779DE102FCC5954E55 7650403D266B766C333176AE000A8E3E9E2A92DE 2019 2020-11-19 02:30:22Z ANDREW YOUN 1954 First Street STE 183 Highland Park IL 60035 171911049 false X www.oneacrefund.org X 2005 IL to empower chronically hungry farm families in East Africa to lift themselves out of hunger and poverty. 9 7 160 13 0 0 68727753 84879918 63763847 79915204 104130 253889 -1083998 -1537129 131511732 163511882 4388427 2714980 0 0 36441493 40897939 0 0 3343139 80856872 99210466 121686792 142823385 9824940 20688497 115674485 130301087 72900081 67011099 42774404 63289988 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 132534436 2714980 79915204 THE ORGANIZATION STARTED WORKING WITH 40 FARM FAMILIES IN JANUARY 2006 AND AS OF DECEMBER 31, 2019 IS SERVING OVER 1,000,000 FARMERS IN AFRICA TO TEACH THEM MORE PRODUCTIVE FARMING METHODS AND HELP ELIMINATE HUNGER. THE ORGANIZATION REACHED OVER 4.5 MILLION PEOPLE IN THOSE FAMILIES. 132534436 true true false false 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 false false false true X 2 0 true 160 true true true true KE RW TZ UG MI ZA ET NI IN BY 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 highland park IL 60035 Antony Kalm Former President, OAF USA 0.0 0.0 X 221793 0 7555 Stephanie Hanson SR VP, POLICY & P'SHIPS 50.0 0.0 X 180657 0 15993 Matthew Forti Managing director, OAF USA 50.0 0.0 X X 171400 0 23604 Barrett Prinz Chief Legal Officer 50.0 0.0 X 163600 0 10928 Andrew Youn EXECUTIVE DIRECTOR 50.0 0.0 X X 114245 0 21899 Kimberly Siegal M&E Director in M&E 50.0 0.0 X 116200 0 15916 Jacob Goldberg Chief Financial Officer 50.0 0.0 X 101819 0 16005 Matthew Freeman Senior Director 50.0 0.0 X 115026 0 0 Brian Heese Investor Relations Director 50.0 0.0 X 110100 0 3599 Colin Christensen Global Policy & Advocacy Lead 50.0 0.0 X 110800 0 1530 Joel Ackerman Board Chair 3.0 0.0 X X 0 0 0 James Mwangi Board member 3.0 0.0 X 0 0 0 Karl Hofmann Board member, AS OF 06/19 3.0 0.0 X 0 0 0 Rebecca Onie Board member, thru 11/19 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 William Asiko Board Member, AS OF 03/19 3.0 0.0 X 0 0 0 Agnes Gathaiya Board Member, AS OF 10/19 3.0 0.0 X 0 0 0 1405640 0 117029 15 true true false BDO USA LLP 100 Park Ave NEW YORK NY 10017 Auditing 130473 1 1697115 259722 82923081 8197349 84879918 PROGRAM FEES 111000 75853036 75853036 SEED AND FERTILIZER SALES 111000 4062168 4062168 79915204 262683 262683 0 0 0 0 0 8197349 37998 8197349 46792 -8794 -8794 -8794 155026 1697115 155026 0 0 0 0 0 0 0 LOSSES ON FARMERS CROP INSURANCE 111000 -1746275 -1746275 MISCELLANEOUS 111000 209146 209146 -1537129 163511882 79915204 -1283240 0 0 2714980 2714980 0 645622 502709 96957 45956 229348 178580 34443 16325 28157329 21924508 4228566 2004255 0 5249176 4087234 788302 373640 6616464 5151864 993637 470963 0 72796 60978 3470 8348 182921 153226 8719 20976 0 0 0 1052102 881304 50149 120649 2102713 2102713 1154280 1111517 30284 12479 0 0 3974628 3880670 36743 57215 7785999 7149291 472394 164314 0 0 1070925 1070925 0 1066653 1066653 48200 46414 1265 521 FARMING SUPPLIES 60658956 60658956 GENERAL SUPPLIES 4831666 4831666 FARMING TRANSPORTATION 3765174 3765174 BAD DEBT EXPENSE 4674906 4674906 6768547 6520168 200881 47498 142823385 132534436 6945810 3343139 26356583 13187516 0 3074713 29323684 34579278 17627404 21494924 0 0 0 0 0 0 23510334 29170536 3998536 11398402 18125063 3762970 12550453 14362093 73519 73519 0 0 0 0 0 0 2233972 2960106 115674485 130301087 20165995 19323859 0 124970 19454194 19734766 0 0 0 0 0 0 0 0 32873633 27520853 406259 306651 72900081 67011099 X 1379855 15806557 41394549 47483431 42774404 63289988 115674485 130301087 X 20688497 -172913 X false true X true true true X 39502726 41439687 55004093 68727753 84879918 289554177 0 0 39502726 41439687 55004093 68727753 84879918 289554177 59703882 229850295 44850 50102 29228 95556 262683 482419 2507689 2039094 0 0 0 4546783 13330 76288 131224 441548 209146 871536 295454915 254254647 0.77795 0.74515 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1884857 1884857 9642725 1800407 7842318 3523167 1962563 1560604 3074314 3074314 14362093 0 OTHER EMPLOYEE RELATED LIABILITIES 306651 306651 X PART X, LINE 2: ONE ACRE FUND (THE "REPORTING ORGANIZATION") 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, 2019 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, 2019. Under U.S. GAAP, an organization must recognize the tax benefit associated with tax positions taken for tax return purposes when it is more likely than not that the position will 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 IRS Form 990 information returns, as required, and all other applicable returns in jurisdictions where so required. For the year ended December 31, 2019, there were no interest or penalties recorded or included in the consolidated statement of activities. The Organization is subject to a routine audit by a taxing authority. true Sub-Saharan Africa 8 8269 Program Services FARMING, EDUCATION, PL 130854530 Sub-Saharan Africa 0 0 Grantmaking 2714980 8 8269 8 8269 133569510 133569510 Sub-Saharan Africa PROGRAM 2150748 WIRE Sub-Saharan Africa PROGRAM 439262 wire Sub-Saharan Africa PROGRAM 89264 wire Sub-Saharan Africa PROGRAM 13390 wire Sub-Saharan Africa PROGRAM 22316 wire 2 3 true false 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 1852141 1697115 155026 53423 48127 53476 0 1852141 1697115 155026 53423 48127 53476 155026 X false true X X X true false false false false false false false false Matthew Forti Managing director, OAF USA 159000 0 12400 0 0 0 0 0 23604 0 195004 0 0 0 Barrett Prinz Chief Legal Officer 150000 0 13600 0 0 0 0 0 10928 0 174528 0 0 0 Stephanie Hanson SR VP, POLICY & P'SHIPS 166206 0 14451 0 0 0 0 0 15993 0 196650 0 0 0 Antony Kalm Former President, OAF USA 0 0 0 0 221793 0 0 0 7555 0 229348 0 0 0 PART I, LINE 1B: ONE ACRE FUND HAS A POLICY THAT COVERS REIMBURSEMENT OF 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. Part I, Line 4a: ANTONY Kalm, FORMER President of OAF USA, RECEIVED SEVERANCE PAYMENT OF $221,793 DURING 2019 WHICH IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III). X 6 8197349 SELLING PRICE 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 2019, 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, LINE 11B: FORM 990 IS PREPARED BY A NATIONALLY RENOWNED 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, 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, 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, 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, LINE 19: THE ORGANIZATIONS 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 XI, LINE 9: Effective May 2018, the Uganda entity's legal status was converted from a company limited by guarantee to a foreign branch of One Acre Fund. As such the ($172,913) change in net assets represents Uganda's Opening Net Assets. ONE ACRE FUND LTD 1514B1SHWE TA CHAWN WA YONE ST pyay PYAY BAGO REGION bm BM FARMING BM 0 38938 ONE ACRE fd ONE ACRE UK LIMITED 11 CANAL 152-154 BRENTFORD h st BRENTFORD UK TW8 8JA CHARITY UK FOREIGN FOREIGN NA false ONE ACRE STICHTING TELEPORTBOULEVARD 140 AMSTERDAM NL 1043 EJ CHARITY NL FOREIGN FOREIGN NA false REGISTERED TRUSTEES OF ONE ACRE FUND PO BOX 300 ZOMBA MI FARMING MI ONE ACRE FUND FOREIGN CORP 3773181 1978217 1.00000 true ONE ACRE FARMERS ORGANIZATION Plot 2563 Hassan Musa JASTINA ST Asokoro Abuja NI FARMING NI ONE ACRE FUND FOREIGN TRUST 551418 60705 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 439262 COST REGISTERED TRUSTEES OF ONE ACRE FUND B 2150748 COST