NonprofitsSmall Enterprise Assistance Funds

Community Improvement & Capacity Building

Small Enterprise Assistance Funds

WASHINGTON, DC

Total revenue

$8.5M

Total expenses

$9.8M

Net assets

$4.6M

Grants received

EIN

133535334

Tax year

2024

Mission

Seaf is primarily engaged as a fund manager to support the promotion and development of small and medium-size businesses in developing countries.

Programs

3 programs

Colombia agribusiness : the small enterprise assistance funds on march 19th, 2015 was awarded a $2,795,500 from the united states agency for international development colombia mission to establish an agribusiness fund with the goal of realizing sustainable impact through investment and development activities.

Tanzania - on september 29, 2014, seaf signed an agreement with usda for the food for progress grant, focused on the country of tanzania. Seaf received funds through ccc and monetization proceeds. During 2015, seaf monetized the first 12,000 mt of wheat. During 2016, seaf monetized 11,000 mt of wheat. During 2017, seaf made investments of $2,000,000 into portfolio companies in the tanzania region. During 2019, seaf made investments of $1,150,000 into portfolio companies in the tanzania region. The total carrying value of the investments as of december 31, 2023 and 2022 was $725,081 and $800,261 respectively.

India agribusiness fund--seaf india agribusiness international fund (the "int'l fund") was incorporated on 05 june 2009 and domiciled in mauritius. In 2013, the international fund had its final closing with total commitments of $26,550,000 from seven members. The investment manager of the int'l fund is seaf investment management company (simc), a private company limited by shares incorporated under the laws of mauritius on june 5, 2009 and is 100% owned by seaf. The seaf india agribusiness fund (the domestic fund) is structured as a scheme of the seaf india investment trust, a contributory trust under the provisions of the trusts act, 1882, wherein il&fs trust company limited, a company incorporated under the companies act (1956), is acting as the trustee of the trust. The trustee has appointed the domestic fund's investment manager to be seaf india investment advisors private limited (iac), an indian entity established by seaf.the small enterprise assistance funds on october 1st, 2019 was awarded a $999,966 grant from the u.s department of state to promote the fintech sector in morocco and tunisia by training the next generation of entrepreneurs and innovators. The project is a 3 year program which includes four objectives: 1) moroccan and tunisian start-ups increase their expertise in management and scaling up 2) moroccan and tunisian start-ups gain access to markets through matchmaking and partnerships with u.s markets. 3) moroccan and tunisian start-ups gain access to funding and investors by engaging the u.s private sector as well as mena private corporations and investors to potentially address areas for improvement to enhance the position of moroccan and tunisian fintech sectors for investment 4) u.s and local private sectors gain access to talent of moroccan and tunisian start-ups using academic alumni associations.

Financials

FY 2024

Revenue

Contributions & grants$5.4M
Program service revenue$3.0M
Investment income$129K
Other revenue
Total revenue$8.5M

Expenses

Grants paid$279K
Salaries & benefits$3.5M
Fundraising
Other expenses$6.0M
Total expenses$9.8M
Total assets$39.2M
Net assets$4.6M

People

14 listed

NameRoleCompensation

HUBERTUS VAN DER VAART

PRESIDENT

Board

$324K

40 hrs/wk

ROBERT VODICKA

TREASURER

Board

$212K

40 hrs/wk

PETER ZAKOWICH

DIRECTOR

Board

1 hrs/wk

YASMIN SAADAT

DIRECTOR

Board

1 hrs/wk

JAVED HAMID

CHAIRMAN

Board

1 hrs/wk

THOMAS MONACO

DIRECTOR

Board

40 hrs/wk

JAN CHERIM

DIRECTOR

Board

40 hrs/wk

CHRISTINE PHILLPOTTS

DIRECTOR

Board

1 hrs/wk

PAUL SHEEHAN

DIRECTOR

Board

40 hrs/wk

ALPHONSUS MARCELIS

DIRECTOR

Board

1 hrs/wk

SARAH ALEXANDER

DIRECTOR

Board

1 hrs/wk

HILARY HADDIGAN

DIRECTOR

Board

1 hrs/wk

PETER RIGHI

CEED GLOBAL DIRECTOR

Staff

$210K

40 hrs/wk

GARY DODGE

MANAGING DIRECTOR

Staff

$155K

40 hrs/wk

Independent contractors

A 1500 K STREET LLC

RENT PAYMENTS

$326K

LEO WILLIAMS

CARIBBEAN OPERATIONS MANAGEMENT

$163K

JOVAN MADJOVSKI

CEED BUSINESS MANAGER

$112K

Details

EIN133535334
NTEE codeS122
Subsection03
Ruling date1990-08
Formed1989
Employees17
Volunteers7
SMALL ENTERPRISE ASSISTANCE FUNDS — Mission, Financials & Grants Received | Grantivo