NonprofitsAlphamundi Foundation Inc

International, Foreign Affairs & National Security

Alphamundi Foundation Inc

WASHINGTON, DC

Total revenue

$537K

Total expenses

$820K

Net assets

$150K

Grants received

EIN

811764879

Tax year

2024

Mission

To catalyze and scale investment in social enterprises that seek to improve the lives of the poor.

Programs

3 programs

We4f-giz organic fertilizer - insufficient or difficulty in accessing fertilizer in 2022 has led to at least a 20% reduction in local food production. African countries are dependent on fertilizer imports and the rising fertilizer costs are already having severe implications on food availability and prices. Organic fertilizer offers an alternative to imported, synthetic fertilizers. It is typically produced locally from plant or animal residues, creating income opportunities for farmers and producers. With fertilizer prices soaring, local, organic alternatives represent both a solution and an opportunity for transforming and greening the agricultural sector in east and west africa. Consequently, the german government reserved funds to support enhanced local fertilizer production and use in the target countries. This program was funded by the deutsche gesellschaft fr internationale zusammenarbeit (giz). The program supported smes in cote d'ivoire, ghana, burkina faso, kenya, tanzania, and uganda to scale the production of organic fertilizers, raise awareness and training amongst smallholder farmers, and provide relevant support services, such as soil testing through a results-based financing mechanism.

Expenses: $234KGrants: $208K

Developpp - funded by the development finance institution, deutsche investitions- und entwicklungsgesellschaft (deg), this program supported organizations to implement gender-smart business principles, which empower female staff and clients to cultivate the next generation of female entrepreneurs in africa. Amf is partnering with value for women (vfw) for this program. Vfw is a specialized advisory firm that helps organizations advance gender inclusion. Through this partnership, sme partners have an opportunity to implement gender-smart interventions, with the goals of supporting company priorities and improving business and social outcomes. The program supported five investee companies of alphamundi group to deepen their gender-smart business practices, empowering female staff and gender inclusivity along their value chains. The program reached 25,000 beneficiaries and consumers, and nearly 1,000 employees.

Expenses: $70K

The amf unrestricted fund is an institutional pool that mainly draws funding from the indirect support allocation in amf's donor funded projects and any other unrestricted source of funding. The fund supports amf operational costs that are not directly budgeted and charged to specific donor projects. The costs include: staff costs and institutional expert fees, administrative costs (software subscription payments, rent & utilities, bank fees, office supplies) and annual accounting fees.

Expenses: $56K

Financials

FY 2024

Revenue

Contributions & grants$537K
Program service revenue
Investment income
Other revenue
Total revenue$537K

Expenses

Grants paid$208K
Salaries & benefits$411K
Fundraising$22K
Other expenses$201K
Total expenses$820K
Total assets$310K
Net assets$150K

People

9 listed

NameRoleCompensation

SAWA NAKAGAWA

EXECUTIVE DIRECTOR

Board

$159K

45 hrs/wk

JAMES KARANJA

FINANCE MANAGER

Board

$94K

45 hrs/wk

JESSICA ESPINOZA

DIRECTOR

Board

1 hrs/wk

BRIGIT HELMS

DIRECTOR

Board

1 hrs/wk

LISA SCHEIBLE WILLEMS

PRESIDENT, BOARD CHAIR, & SECRETARY

Board

1 hrs/wk

SARAH SCHWIMMER

DIRECTOR

Board

1 hrs/wk

CAROLINA SUAREZ

DIRECTOR

Board

1 hrs/wk

TIM RADJY

DIRECTOR

Board

1 hrs/wk

RICHARD SHUMANN

DIRECTOR - UNTIL 03/24, TREASURER

Board

1 hrs/wk

Details

EIN811764879
NTEE codeQ33
Subsection03
Ruling date2016-06
Formed2016
Employees0
Volunteers7
ALPHAMUNDI FOUNDATION INC — Mission, Financials & Grants Received | Grantivo