Southern Africa Enterprise Development Fund Inc

Nonprofit profile at a glance

EIN
582154593
IRS 990 coverage
2010–2011
Forms available
Form 990 2011
Location
Bryanston Gauteng Sout, DC, SF
Phone
2711367091
Rating confidence
Limited
Sector
Educational Services and Schools - Other

Official website

Reported finances

Revenue
$2,370,262
Expenses
$1,504,398
Assets
$20,649,806
Liabilities
$2,397,876

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

4 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The southern africa enterprise development fund (saedf) is a non-profit organization, incorporated in the state of Delaware and having corporate offices located in atlanta, Georgia and johannesburg, republic of south africa. Saedf was established in october 1994 on the initiative of the president of the united states and the u.s. Congress for the specific purpose of encouraging private-sector development in the southern african region.

What it reported doing in 2011

Saedf's strategic objective is to expand southern african business development and ownership through equity investments and loans, primarily in small and medium sized business in the southern african region. The current grant agreement with the united states agency for international development (USAID) expired on september 30, 2010, and was extended through september 30, 2013. On august 19, 2011, USAID issued a letter which advised saedf to begin the process of liquidating its remaining assets and winding up the above-mentioned grant agreement.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 53
  • Accountability: 100
  • Sustainability: 90
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 36.5%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 13.73; rating input score 93; 93rd percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 93; 93rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 56.6% per year; rating input score 100; 96th percentile among comparable filings
  • Asset growth: -53.5% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 3 of 3 board members independent · 7 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Highest-paid contractors: 4 contractors listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity
  • Filing history: 2 filing years from 2010 to 2011
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Growth: Asset growth scored 0/100.