Alphamundi Foundation Inc
- Assets
- $691.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 81-1764879
Organization Overview
Alphamundi Foundation Inc is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alphamundi Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Alphamundi Foundation Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 45.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO CATALYZE AND SCALE INVESTMENT IN SOCIAL ENTERPRISES THAT SEEK TO IMPROVE THE LIVES OF THE POOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 HAS RESERVED FUNDS TO SUPPORT ENHANCED LOCAL FERTILIZER PRODUCTION AND USE IN THE TARGET COUNTRIES. THIS PROGRAM IS FUNDED BY THE DEUTSCHE GESELLSCHAFT FR INTERNATIONALE ZUSAMMENARBEIT (GIZ). IT SUPPORTS SMES IN COTE DIVOIRE, GHANA, BURKINA FASO, KENYA, TANZANIA, AND UGANDA TO SCALE THE PRODUCTION
WE4F-GIZ - IN PARTNERSHIP WITH THE GIZ FUNDED WATER AND ENERGY FOR FOOD PROGRAM (WE4F), ALPHAMUNDI FOCUSES ON CLIMATE FINANCE FOR EAST AFRICAN SMES AND THEIR INNOVATIVE SOLUTIONS AT THE WATER-ENERGY-FOOD NEXUS. THE FOUNDATION STRUCTURES HIGHLY CATALYTIC TECHNICAL ASSISTANCE AND RESULTS-BASED FINANCING PROJECTS WITH SMES OPERATING IN THE WEF NEXUS IN EAST AFRICA TO STRENGTHEN AND SCALE INNOVATIONS FOR MORE PRODUCTIVE AND ECOLOGICALLY SUSTAINABLE FOOD PRODUCTION. OVER TWO YEARS, THE FOUNDATION AIMS TO CATALYZE USD 5-10M IN PRIVATE INVESTMENT.
DARAJA IMPACT - DARAJA IMPACT IS AN INNOVATIVE PROGRAM DESIGNED TO SUPPORT HIGH-IMPACT SMES IN TANZANIA BY PROVIDING CATALYTIC IMPACT-LINKED FUNDING AND TECHNICAL ASSISTANCE TO GROW THEIR BUSINESS AND SCALE THEIR IMPACT OUTCOMES TO IMPROVE ECONOMIC EMPOWERMENT FOR WOMEN AND/OR YOUTH. THE PROGRAM IS IMPLEMENTED BY SEAF AND ALPHAMUNDI FOUNDATION AND FUNDED BY THE SWISS AGENCY FOR DEVELOPMENT AND COOPERATION THROUGH THE EMBASSY OF SWITZERLAND IN TANZANIA. FUNDING INCLUDES IMPACT-LINKED GRANTS TO LOANS BETWEEN USD 50,000 AND USD 250,000. IN ADDITION TO CAPITAL, SELECTED ENTERPRISES WILL ALSO RECEIVE TECHNICAL ASSISTANCE SUPPORT FROM DARAJA IMPACT AND MEMBERSHIP IN SEAFS CENTER FOR ENTREPRENEURSHIP AND EXECUTIVE DEVELOPMENT (CEED).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Scheible Willems President, Board Chair, & Secretary | OfficerTrustee | 25 | $5,000 |
Tim Radjy Treasurer | OfficerTrustee | 1 | $0 |
Jessica Espinoza Director | Trustee | 1 | $0 |
Brigit Helms Director | Trustee | 1 | $0 |
Sarah Schwimmer Director | Trustee | 1 | $0 |
Richard Shumann Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,030,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,030,756 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,030,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $71,911 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $372,629 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $225,613 |
| Compensation of current officers, directors, key employees. | $23,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,649 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,346 |
| Payroll taxes | $127,543 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,525 |
| Fees for services: Accounting | $33,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,448 |
| Advertising and promotion | $0 |
| Office expenses | $3,225 |
| Information technology | $4,711 |
| Royalties | $0 |
| Occupancy | $20,429 |
| Travel | $63,832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,169 |
| Interest | $0 |
| Payments to affiliates | $12,632 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $177 |
| Total functional expenses | $1,090,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $484,446 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $98,817 |
| Accounts receivable, net | $108,591 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $691,854 |
| Accounts payable and accrued expenses | $15,392 |
| Grants payable | $243,524 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $258,916 |
| Net assets without donor restrictions | $432,938 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $691,854 |