2025-11-13T18:24:13+00:00 2024-12-31 135381590 BDO USA 200 PARK AVE 38TH FLOOR NEW YORK NY 10166 990 2024-01-01 455267449 MYAGRO FARMS MYAG 5033136371 131 7TH AVENUE SUITE 160 NEW YORK NY 10011 LUKE FITZGERALD GLOBAL CONTROLLER 2025-11-14 true PAUL HAMMERSCHMIDT P01384178 2128858000 2025-11-13 2024 2025-03-06 01:10:19Z ANUSHKA RATNAYAKE 131 7TH AVENUE SUITE 160 NEW YORK NY 10011 6106749 false X WWW.MYAGRO.ORG X 2012 CA MYAGRO'S UNIQUE MOBILE LAYAWAY PLATFORM ALLOWS FARMERS TO USE THEIR MOBILE PHONES TO PURCHASE SEEDS AND FERTILIZER IN SMALL INCREMENTS AND PROVIDES AGRICULTURAL TRAINING TO FARMERS WHO INVESTED IN MYAGRO PACKAGES, SHARING HARVEST-IMPROVING AGRICULTURAL TECHNIQUES. 9 8 31 8 0 20574376 5490253 0 0 894041 545860 1105764 1028 22574181 6037141 0 19359636 0 0 6251023 5469590 0 0 566906 2769846 3521913 9020869 28351139 13553312 -22313998 138938502 36710767 4462117 4040853 134476385 32669914 MYAGRO'S MISSION IS TO MOVE SMALLHOLDER FARMERS IN WEST AFRICA OUT OF POVERTY. THROUGH OUR MOBILE LAYAWAY PLATFORM, FARMERS GAIN ACCESS TO HIGH-QUALITY INPUTS AND CLIMATE-SMART AGRICULTURE TRAINING WHICH WE DELIVER AT THE VILLAGE LEVEL, AS WELL AS ONGOING MOBILE SUPPORT. ON AVERAGE, THIS MODEL IS PROVEN TO INCREASE FARMER YIELDS BY 130% AND INCOME BY $156 RELATIVE TO CONTROL FARMERS. false false 20179728 15188720 0 MOBILE TECHNOLOGY DEVELOPMENT: MYAGRO'S DIGITAL LAYAWAY PLATFORM PROVIDES FARMERS WITH A SECURE AND RELIABLE SAVINGS MECHANISM WHICH THEY CAN USE TO PURCHASE HIGH-QUALITY AGRICULTURAL INPUTS AND TRAINING THAT ARE DELIVERED WITHIN 10 KM OF THEIR VILLAGE. PACKAGE OPTIONS ARE DESIGNED EACH YEAR FOR A DIVERSE VARIETY OF PLOT SIZES AND PRODUCT TYPES INCLUDING GRAIN AND VEGETABLE SEEDS AND FERTILIZER, POULTRY, AND TREES. AFTER FARMERS SELECT THEIR DESIRED PACKAGE, THEY MAKE SMALL PAYMENTS OVER TIME INTO THEIR DIGITAL MYAGRO ACCOUNT. THE PAYMENT PROCESS MIMICS THAT OF ADDING PHONE CREDITS: FARMERS CAN PURCHASE SCRATCH CARDS FROM THEIR VE AND TEXT IN A CODE OR PAY DIRECTLY VIA MOBILE MONEY - ENABLING THEM TO SAVE VIA THEIR OWN DEVICE, THROUGH THEIR VE, OR VIA THE MYAGRO CALL CENTER. FOR WOMEN ESPECIALLY, THIS DIGITAL ACCOUNT ENABLES THEM TO SAVE PRIVATELY AND SECURELY, WHICH PROTECTS THEIR ASSETS AND ENHANCES FINANCIAL AUTONOMY. THERE WERE MORE THAN 4,000 ENTREPRENEURS LEVERAGING MYAGRO'S MOBILE TECHNOLOGY TO ENROLL AND FACILITATE PAYMENTS FOR FARMERS DURING CALENDAR YEAR 2024. 4162458 3132966 0 RESEARCH, DEVELOPMENT, & EVALUATION: MYAGRO FOCUSES ON DATA-DRIVEN SELF-REFLECTION AND ORGANIZATIONAL IMPROVEMENT TO BETTER UNDERSTAND THE CHALLENGES FACED BY RURAL COMMUNITIES AND TO DELIVER VALUE TO FARMERS. IN ADDITION TO CORE PRODUCT DELIVERY AND TRAINING SERVICES OFFERED EACH AGRICULTURAL SEASON, MYAGRO INNOVATES WITH FARMERS TO DEVELOP NEW SOLUTIONS THAT ADDRESS BARRIERS TO AGRICULTURAL SUCCESS SUCH AS CLIMATE SHOCK AND GENDER INEQUITY. WE ALSO CONDUCT HARVEST EVALUATIONS TO BETTER UNDERSTAND PROGRAM IMPACT, FOCUSING ON TWO KEY INDICATORS, (1) PERCENT INCREASE IN YIELD AND (2) ADDITIONAL NET INCOME EARNED AMONG MYAGRO FARMERS RELATIVE TO CONTROL FARMERS. SINCE 2018, THE PROGRAM HAS RESULTED IN AN AVERAGE 130% YIELD INCREASE AND $156 ADDITIONAL INCOME EARNED PER FARMER. FOR HOUSEHOLDS LIVING ON LESS THAN $2 PER DAY, THESE RESULTS HAVE TRANSFORMATIVE EFFECTS: IMPROVING FAMILY FOOD SECURITY, COVERING SCHOOL AND MEDICAL FEES, AND ENABLING FARMERS TO REINVEST TO FURTHER DIVERSIFY AND INCREASE THEIR INCOME. THERE WERE APPROXIMATELY 44,000 RESEARCH AND DEVELOPMENT PARTICIPANTS DURING THE CALENDAR YEAR 2024. 1379020 1037950 0 FARMER PRODUCT & SERVICE DELIVERY: MYAGRO HAS BUILT A SCALABLE AND REPLICABLE MODEL THAT SERVED LOW-INCOME, RURAL CUSTOMERS AT THE LAST MILE. MYAGRO RECRUITS AND TRAINS WOMEN ENTREPRENEURS FROM WITHIN VILLAGES, WHO THEN MARKET AND SELL CLIMATE-SMART AGRICULTURAL PACKAGES TO LOCAL FARMERS USING OUR CUSTOM MOBILE APPLICATION. FARMERS ARE THEN ABLE TO MAKE SMALL LAYAWAY PAYMENTS OVER TIME TO PURCHASE PACKAGES OF SEEDS AND FERTILIZER, TREE SEEDLINGS, AND POULTRY WHICH ARE DELIVERED WITHIN 10 KM. BY COMBINING OFFLINE CUSTOMER SERVICE WITH MOBILE TECHNOLOGY, MYAGRO OVERCOMES TWO KEY BARRIERS TO BUILDING SUSTAINABLE FINANCIAL TOOLS FOR FARMERS: CUSTOMER TRUST AND CLIENT DENSITY. MYAGRO OPERATES IN MALI, SENEGAL, AND CTE D'IVOIRE, WHERE THE MAJORITY OF THE POPULATION WORKS IN AGRICULTURE. ONLY 20% OF HOUSEHOLDS IN AFRICA HAVE FORMAL BANK ACCOUNTS (WORLD BANK), AND 87% OF FARMERS SURVEYED IN 2023 HAD NO PRIOR ACCESS TO A SIMILAR SERVICE LIKE MYAGRO'S. OUR TARGET AUDIENCE IS SMALLHOLDER FARMERS LIVING ON LESS THAN $2 PER DAY, AND 70% OF OUR CUSTOMERS ARE WOMEN. MYAGRO SERVED APPROXIMATELY 360,000 FARMERS DURING THE CALENDAR YEAR 2024. 25721206 true true false false false false false false false false false false false true false true false true false true true true false false false false false false false true false false false false false false false false false false true false false false false true false false false false true 12 0 true 31 true false false false false false false false false false false false false X 9 8 false false false false false false false true true false false false true true true true true true true false false false CA MA NY OR X X LUKE FITZGERALD 5033136371 131 7TH AVENUE 160 NEW YORK NY 10011 ANUSHKA RATNAYAKE ceo & FOUNDER (see schedule o) 40.0 0.0 X X 289234 138097 0 DIDO HARDING CHAIRMAN 2.0 0.0 X X 0 0 0 EVAN MARWELL DIRECTOR 2.0 0.0 X 0 0 0 FARRAH BARRIOS DIRECTOR 2.0 0.0 X 0 0 0 MAMADOU BITEYE DIRECTOR 2.0 0.0 X 0 0 0 OUSSEYNOU NAKOULIMA DIRECTOR 2.0 0.0 X 0 0 0 RAMATOULAYE DIALLO DIRECTOR 2.0 0.0 X 0 0 0 RANDI HEDIN DIRECTOR 2.0 0.0 X 0 0 0 RICH LEIMSIDER DIRECTOR 2.0 0.0 X 0 0 0 CASEY CLINE INTERIM CEO (see sch. o) & MANAGING DIR., US 40.0 0.0 X 132785 0 0 ERIN MOORE CHIEF OF STAFF (THRU 6/20/24) 40.0 0.0 X 98079 0 0 PATRICK TOGNISSO CHIEF OPERATING OFFICER 0.0 40.0 X 0 220810 1946 RAJI KALRA CONTRACTED CFO (SEE SCHEDULE O) 40.0 0.0 X 0 0 0 ROMAN Hingorani CHIEF FINANCIAL OFFICER (THRU 1/12/24) 40.0 0.0 X 23615 0 649 SHON MORRIS CHIEF TALENT OFFICER 40.0 0.0 X 177716 0 0 SIDDHANTA WIESNER CHIEF TECHNOLOGY OFFICER 40.0 0.0 X 213289 0 14725 DOUGLAS BRADBURY DIRECTOR OF SOFTWARE ENGINEERING 40.0 0.0 X 187431 0 0 GRANT ADAMS SOFTWARE ENGINEER 40.0 0.0 X 128147 0 14725 LI-HSUAN LUNG ENGINEERING LEAD 40.0 0.0 X 163484 0 14725 STEPHANIE KABORE DIRECTOR OF FINANCE (THRU 11/7/24) 40.0 0.0 X 136140 0 0 1549920 358907 46770 8 false true false PROCFO PARTNERS LLC 295 MADISON AVENUE 12TH FLOOR NEW YORK NY 10017 FRACTIONAL CFO SERVICES 372800 IDINSIGHT INC 44 TEHAMA STREET SAN FRANCISCO CA 94105 M&E CONSULTING 197000 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 AUDIT & TAX 189897 EGON ZEHNDER SAS 54 AVENUE MARCEAU PARIS FR 75008 EXECUTIVE SEARCH & RECRUITMENT 127642 4 500000 4990253 1161397 5490253 0 0 0 0 0 615468 0 0 615468 0 0 69608 -69608 0 -69608 -69608 miscellaneous income 900099 1028 1028 0 0 0 0 1028 6037141 0 0 546888 19359636 19359636 0 0 950092 816385 133707 0 3039086 2416792 395822 226472 103170 77538 23233 2399 1200912 900896 271732 28284 176330 132522 39708 4100 31714 31714 0 0 624062 136829 487233 0 1147827 1136582 0 11245 205932 143511 62421 0 771713 201890 280552 289271 9650 9551 99 0 332170 295384 31711 5075 317313 317313 0 51904 34264 17584 56 PROGRAM EXPENSES 18176 18172 0 4 TAXES AND FEES 11452 9540 1912 0 0 0 0 0 28351139 25721206 2063027 566906 24845255 9571519 23626572 14448499 0 0 0 0 287419 488810 0 0 0 0 0 0 90179256 12201939 138938502 36710767 512117 546598 0 0 0 994255 3950000 2500000 0 0 4462117 4040853 X 123798860 29677044 10677525 2992870 134476385 32669914 138938502 36710767 X -22313998 -4586 -79487887 X false true true false X 12815110 79352378 18051249 20574376 5490253 136283366 0 0 0 0 12815110 79352378 18051249 20574376 5490253 136283366 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 136283366 1028 203 445061 894041 615468 1955801 0 1028 203 445061 894041 615468 1955801 0 0 0 933811 1105764 1028 2040603 12816138 79352581 19430121 22574181 6106749 140279770 0.97151 0.97663 0.01 0.01 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - ACCRETION OF DISCOUNT ON LONG-TERM RECEIVABLES, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 933811.0, COLUMN D - 1100000.0, COLUMN E - 0.0, COLUMN F - 2033811.0; DESCRIPTION - MISCELLANEOUS INCOME, COLUMN A - 0.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 5764.0, COLUMN E - 1028.0, COLUMN F - 6792.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DUE FROM AFFILIATES 11901631 SECURITY DEPOSITS 300308 12201939 0 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote UNDER ASC 740, INCOME TAXES, 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 IMPLEMENTATION OF ASC 740 HAD NO IMPACT ON MYAGRO FARM'S CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION DOES NOT BELIEVE IT HAS TAKEN ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECORDED 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. true Sub-Saharan Africa 21 846 Program Services MYAGRO PROVIDES A SCALABLE, REPLICABLE MODEL THAT ALLOWS LOCAL SMALLHOLDER FARMERS TO USE THEIR MOBILE PHONES TO PURCHASE SEEDS AND FERTILIZER IN SMALL INCREMENTS, LEADING TO INCREASED YIELDS AND INCOME. WE SUPPORT R&D, EDUCATION, TRAINING, DISTRIBUTION NETWORKS AND RELATED ACTIVITIES. 34531502 Sub-Saharan Africa 0 0 Grantmaking 19359636 21 846 0 0 21 846 53891138 0 53891138 Sub-Saharan Africa Sustainable Agricultural Development Support 11968426 WIRE Sub-Saharan Africa sustainable agricultural development support 7391210 WIRE 0 2 true false true false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds The organization monitors the use of its international grants through written agreements requiring grantees to use funds solely for mission-aligned purposes, maintain detailed records, and provide sufficient information for oversight and public reporting. The organization reserves the right to inspect records and requires return of unexpended or misused funds. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements SUB-SAHARAN AFRICA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements SUB-SAHARAN AFRICA-Accrual X X X X false false false false false false false false false ANUSHKA RATNAYAKE ceo & FOUNDER (see schedule o) 285974 0 0 0 3260 138097 0 0 0 0 289234 138097 0 0 SIDDHANTA WIESNER CHIEF TECHNOLOGY OFFICER 213289 0 0 0 0 0 0 0 14725 0 228014 0 0 0 SHON MORRIS CHIEF TALENT OFFICER 177716 0 0 0 0 0 0 0 0 0 177716 0 0 0 PATRICK TOGNISSO CHIEF OPERATING OFFICER 0 220810 0 0 0 0 0 1648 0 298 0 222756 0 0 DOUGLAS BRADBURY DIRECTOR OF SOFTWARE ENGINEERING 187431 0 0 0 0 0 0 0 0 0 187431 0 0 0 LI-HSUAN LUNG ENGINEERING LEAD 163484 0 0 0 0 0 0 0 14725 0 178209 0 0 0 Schedule J, Part II, Column (B)(iii) Line 1 SCHEDULE J, PART II, COLUMN (B)(III) INCLUDES ADDITIONAL EARNINGS OF $3,260. THE $138,097 REPRESENTS PERSONAL TAXES PAID ON THE CEO'S BEHALF IN SENEGAL BY A RELATED ORGANIZATION PURSUANT TO A TAX EQUIVALENCY POLICY. 1 1130392 Other - STOCK VALUE AT TIME OF GIFT X SOFTWARE LICENSE 1 31005 Other - VENDOR LIST PRICE 0 false true false Schedule M, Part I PART I, COLUMN (B): NUMERICAL DATA REPORTED REPRESENTS THE NUMBER OF CONTRIBUTIONS. Form 990, Part VI, Line 11b Review of form 990 by governing body FORM 990 WAS PREPARED BY A NATIONALLY RECOGNIZED ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. DRAFT FORM 990 WAS REVIEWED BY MANAGEMENT AND THEN DISTRIBUTED TO ALL MEMBERS OF THE BOARD WITH THE OPPORTUNITY FOR THEM TO COMMENT OR MAKE INQUIRY BEFORE IT WAS FILED WITH THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c Conflict of interest policy IN CONNECTION WITH ANY ACTUAL/POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON/POTENTIAL INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSE TRANSACTION/ARRANGEMENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official TO ENSURE THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX EXEMPT STATUS, PERIODIC REVIEW SHALL BE CONDUCTED. ONE PERIODIC REVIEW IS AS FOLLOWS - WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. IT IS ALSO THE RESPONSIBILITY OF THE BOARD TO SET THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VII, Section A Line 1 and line 9 Anushka Ratnayake, CEO & Founder, was on a leave of absence from October 1, 2024 through April 30, 2025. During this period, Casey Cline, an internal employee, served as Interim CEO and assumed full CEO responsibilities. Both individuals are listed in Part VII to accurately reflect the executive leadership during the tax year. Form 990, Part VII, Section A Line 20 RAJI KALRA WAS HIRED UNDER CONTRACT WITH PROCFO PARTNERS, LLC AS CFO FOR THE PERIOD FROM FEBRUARY 5, 2024 THROUGH JANUARY 31, 2025 . THE TOTAL AMOUNT PAID TO PROCFO PARTNERS, LLC FOR CFO SERVICES DURING CALENDAR YEAR 2024 WAS $372,800. Form 990, Part VII, Section A Line 3 Patrick Tognisso served as Chief Operating Officer (COO) of myAgro during the 2024 tax year. His role as COO was focused exclusively on operational delivery at the country level, with all of his time dedicated to supporting operations for myAgro's Country Operations in Cte d'Ivoire (CIV), Senegal, and Mali. Patrick did not perform any services or allocate any hours to the parent entity (myAgro Global) during the reporting period. Accordingly, his compensation and activities were entirely related to the country-level operations. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Write-off of intercompany balances with myAgro Farms Senegal, a related corporation. - -41916667; Write-off of intercompany balances with myAgro Farms Mali, a related corporation. - -37500000; Foreign currency translation loss - -71220; Total - -79487887; MYAGRO FARMS SENEGAL RUE GSH-50 THIES SG AGRICULTURE SG NA C Corporation false MYAGRO FARMS MALI RUE 17 PORTE 71 BAMAKO ML AGRICULTURE ML NA C Corporation false MYAGRO FARMS TANZANIA PO BOX 14 NEWALA ROAD MASAI TZ AGRICULTURE TZ NA C Corporation false MYAGRO FARMS IVORY COAST COMMERCE STREET NABIL BUILDING 1ST FLOOR ABIDIJANPLATEAU IV AGRICULTURE IV NA C Corporation false false true false true false false false false false false false true false false false false false true true MYAGRO FARMS SENEGAL S 41537903 COST MYAGRO FARMS MALI S 36703446 COST MYAGRO FARMS SENEGAL B 11968426 COST MYAGRO FARMS MALI B 7391210 COST MYAGRO FARMS IVORY COAST R 413116 COST