The Harvest Fund Ltd
Nonprofit profile at a glance
- EIN
- 843031919
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Washington, DC, USA
- Phone
- 3012735526
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- International Agricultural Development
Reported finances
- Revenue
- $165,768
- Expenses
- $178,375
- Assets
- $1,773
- Liabilities
- $2,390
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Ackson Mwanza (Chief Executive Officer)
People named in this filing
- Michelle Kurian (Chief Strategy Officer)
- Ackson Mwanza (Chief Executive Officer)
- Jim Robbins (Board of Directors - Chair, Strategy)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Harvest Fund's vision is to be an enterprise that builds the agricultural economy while eradicating poverty and promoting environmental sustainability. Our mission is to improve the livelihoods of Zambian female farming cooperatives. In Zambia and similar countries, women are the backbone of agriculture yet toil away with their bare hands and feet and basic tools. The Harvest Fund creates a profitable half-hectare vegetable plot for each of its 10+ cooperatives that is watered year-round with a solar-powered irrigation system. We provide seed, fertilizer, and regenerative agriculture training to make these women farmers more productive and permanently escape poverty.
What it reported doing in 2024
We've trained over 200 marginalized women farmers across 6 farming cooperatives. We expanded to 3 districts across 2 of Zambia's 10 provinces. For each of these cooperatives, we have installed solar-powered water pumps, thereby giving them access to running water which allows them to water their crops year-round despite the vicious drought plaguing their country. We've ensured that villagers are able to farm enough to consume 2-3 meals per day, no longer being malnourished. For their staple crop, we saw yields increase by 25%. And here's the most encouraging part-50% of farmers increasedtheir income by 50%. As a result of these community benefits, 100% of the children are able to go to school because their mothers are able to afford basic school supplies, such as uniforms, pencils, and shoes. In summary, we have transformed women from a life of farming to survive to farming as a business.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 51
- Transparency & Controls: 82
- Sustainability: 13
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 52.4%; rating input score 52
- Program expense ratio: 48.7%; rating input score 49
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -7.6%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.01; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 1.35; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 10.1%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 14.7% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: -2.4% per year; rating input score 0; 13th percentile among comparable filings
- Asset growth: -118.3% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 52.4% of revenue deployed · 48.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $87K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 52/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 21/100.