Civic Intelligence

Technoserve Inc.

990 • Fiscal year 2019 • EIN 13-2626135

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 09, 2020

1777 North Kent Street No 1100Arlington, VA 22209

(202) 785-4515

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

85th percentile

0.80x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Liabilities / Revenue

63rd percentile

0.62x

Higher debt load relative to revenue than 63% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Net Margin

47th percentile

2.6%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2019

Top Officer Pay

88th percentile

$426,186

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2019 filings • $50M-$100M nonprofits • Source year 2019

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Revenue Growth

35th percentile

-0.7%

Faster revenue growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2018 to 2019

Assets

Up

$67,539,490

Up $8,119,708 (+14%) from 2018

Net Assets

Up

$13,700,344

Up $2,176,654 (+19%) from 2018

Liabilities

Up

$53,839,146

Up $5,943,054 (+12%) from 2018

Revenue

Down

$86,847,157

Down $604,911 (-0.7%) from 2018

Expenses

Up

$84,580,247

Up $237,047 (+0.3%) from 2018

Net Income

Down

$2,266,910

Down $841,958 (-27%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $43,608,703Liabilities 2010: $33,686,407Net Assets 2010: $9,922,2962010Assets 2011: $47,744,610Liabilities 2011: $42,396,091Net Assets 2011: $5,348,5192011Assets 2012: $57,256,143Liabilities 2012: $53,504,610Net Assets 2012: $3,751,5332012Assets 2013: $59,258,500Liabilities 2013: $50,095,127Net Assets 2013: $9,163,3732013Assets 2014: $68,802,436Liabilities 2014: $59,396,571Net Assets 2014: $9,405,8652014Assets 2015: $57,355,185Liabilities 2015: $49,810,391Net Assets 2015: $7,544,7942015Assets 2016: $55,398,182Liabilities 2016: $49,686,584Net Assets 2016: $5,711,5982016Assets 2017: $63,448,113Liabilities 2017: $57,096,392Net Assets 2017: $6,351,7212017Assets 2018: $59,419,782Liabilities 2018: $47,896,092Net Assets 2018: $11,523,6902018Assets 2019: $67,539,490Liabilities 2019: $53,839,146Net Assets 2019: $13,700,3442019Assets 2020: $75,594,959Liabilities 2020: $60,565,252Net Assets 2020: $15,029,7072020Assets 2021: $114,276,337Liabilities 2021: $95,352,825Net Assets 2021: $18,923,5122021Assets 2022: $102,404,868Liabilities 2022: $85,170,775Net Assets 2022: $17,234,0932022Assets 2023: $121,078,120Liabilities 2023: $105,795,703Net Assets 2023: $15,282,4172023Assets 2024: $112,788,622Liabilities 2024: $100,747,280Net Assets 2024: $12,041,3422024

Highlighted filing

2019

Assets$67,539,490
Liabilities$53,839,146
Net Assets$13,700,344

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $54,464,5602010Revenue 2011: $55,968,254Expenses 2011: $60,697,829Net Income 2011: -$4,729,5752011Expenses 2012: $70,575,7392012Revenue 2013: $80,181,976Expenses 2013: $74,648,693Net Income 2013: $5,533,2832013Revenue 2014: $76,809,369Expenses 2014: $76,450,005Net Income 2014: $359,3642014Revenue 2015: $86,380,866Expenses 2015: $86,614,067Net Income 2015: -$233,2012015Revenue 2016: $85,197,660Expenses 2016: $85,806,073Net Income 2016: -$608,4132016Revenue 2017: $81,258,414Expenses 2017: $80,883,090Net Income 2017: $375,3242017Revenue 2018: $87,452,068Expenses 2018: $84,343,200Net Income 2018: $3,108,8682018Revenue 2019: $86,847,157Expenses 2019: $84,580,247Net Income 2019: $2,266,9102019Revenue 2020: $80,665,477Expenses 2020: $79,222,709Net Income 2020: $1,442,7682020Revenue 2021: $96,632,627Expenses 2021: $92,448,341Net Income 2021: $4,184,2862021Revenue 2022: $93,244,457Expenses 2022: $94,410,840Net Income 2022: -$1,166,3832022Revenue 2023: $115,995,899Expenses 2023: $117,464,138Net Income 2023: -$1,468,2392023Revenue 2024: $122,123,118Expenses 2024: $124,198,818Net Income 2024: -$2,075,7002024

Highlighted filing

2019

Revenue$86,847,157
Expenses$84,580,247
Net Income$2,266,910
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 9, 2020
Return Version
2019v5.1
Gross Receipts
$86,847,157
Mission and Program Overview

Mission

Technoserve's mission is to fight poverty by helping people build regenerative farms, businesses and markets that increase incomes.

Technoserve works with enterprising people in the developing world to build competitive farms, businesses, and industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$42,203,455$52,051,374▲ $9,847,919
Pledges and Grants Receivable$9,189,501$9,209,904▲ $20,403
Land, Buildings, and Equipment, Net$2,810,774$2,852,382▲ $41,608
Prepaid Expenses and Deferred Charges$1,707,806$1,859,557▲ $151,751
Accounts Receivable$2,333,803$942,575▼ $1,391,228
Investments in Publicly Traded Securities$746,540--
Investments Other Securities$421,308$616,047▲ $194,739
Cash and Non-Interest-Bearing Accounts$4,407$5,463▲ $1,056
Total Assets$59,419,782$67,539,490▲ $8,119,708
Other Assets Total$2,188$2,188→ $0
Liabilities
Deferred Revenue$39,782,791$44,524,084▲ $4,741,293
Accounts Payable and Accrued Expenses$5,153,156$5,946,368▲ $793,212
Other Liabilities$2,960,145$3,368,694▲ $408,549
Total Liabilities$47,896,092$53,839,146▲ $5,943,054
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,024,454$10,334,320▲ $2,309,866
Net Assets With Donor Restrictions$3,499,236$3,366,024▼ $133,212
Total Net Assets Fund Balance$11,523,690$13,700,344▲ $2,176,654
Total Liabilities and Net Assets / Fund Balance$59,419,782$67,539,490▲ $8,119,708

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,016,120$3,614,803$4,630,923
Other Land Buildings$785,639$1,241,101$2,026,740
Leasehold Improvements$1,050,623$162,197$1,212,820
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William WarshauerPresident & CEOFT$377,901$48,285$426,186
Kindra HalvorsonChief Transformation OfficerFT$239,404$57,638$297,042
Jane Grob FreyCountry DirectorFT$147,663$145,853$293,516
Jeffrey ChrisfieldCFOFT$254,868$36,867$291,735
Jacob UlrichCountry DirectorFT$129,580$139,915$269,495
John KeightleyVP, Development & CommunicFT$209,965$44,435$254,400
Lawrence UmunnaRegional Director, West AfricaFT$174,483$73,298$247,781
Rizwan YusufaliRegional Program DirectorFT$111,590$135,677$247,267
Timothy MclellanCOO (left 09/14/19)FT$204,420$40,399$244,819
Chris DonohueRegional Director - East AfricaFT$160,437$78,593$239,030
Paul StewartGlobal Coffee DirectorFT$152,398$77,925$230,323
Daria GageProgram Director (left 12/07/19)FT$124,595$105,600$230,195
Pamela ChitenheRegional Director - Southern AfricaFT$195,944$28,784$224,728
Andrei BelyiVP, Latin & Central AmericaFT$174,796$45,042$219,838
Heather OhProgram DirectorFT$101,802$106,945$208,747
Juan Carlos ThomasGlobal Entrepreneurship DirectorFT$155,481$48,446$203,927
Madhu SreekumarChief Hr Officer (left 10/16/19)FT$184,731$14,908$199,639
Jonathan BarnowVP, Strategic InitiativesFT$175,267$20,944$196,211

Board Members and Trustees

NameTitle
Paul TierneyChairman Emeritus
Michael BushCo-chair
Rachel HinesCo-chair
Peter FlahertyVice Chairman
Aedhmar HynesDirector
Anthony BloomDirector
Charles MooreDirector
Gerald BaldwinDirector
Kanika BahlDirector
Kurt PetersonDirector
Laura CorbDirector
Mia FuntDirector
Michael SpiesDirector
Michelle PelusoDirector
Monica AdractasDirector
Russell FaucettDirector
Scott BakerDirector
Thomas BarryDirector
Timothy M KingstonDirector
Titus BrenninkmeijerDirector
Jennifer Bullard BrogginiSecretary
Robert ManlyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Laterite LtdMonitoring, Evaluation And Survey ServicP O BOX 444, Richmond, VA 23218, Nl$290,641
Rsm US LLPProject Management, Review Reports, Surv5155 PAYSPHERE CIRCLE, Chicago, IL 60674$233,101
Dialog Concepts INCAudit And Tax Services3100 CLARENDON BLVD SUITE 510, Arlington, VA 22201$218,677
Intelice Solutions LLCWebsite Redesign50 CITIZEN WAY SUITE 410, Frederick, MD 21701$209,324
-It Consulting-$195,077
Revenue and Support

Revenue Composition

Contributions and Grants
$84,664,274
Program Service Revenue
$60,124
Investment Income
$289,664
Other Revenue
$1,833,095
All Other Contributions
$63,069,897
Change in Net Assets
$2,266,910

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$10,789,323Selling Price
Securities Publicly Traded15$112,510Fair Market Value (FMV)
Total Noncash Contributions16$10,901,833-

Audited Revenue Reconciliation

Revenue per Audited Statements
$86,847,157
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$2,794,966
Total Revenue per Audited Statements
$89,642,123
Total Revenue per Form 990
$86,847,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$39,133,449
Other Expenses$35,686,933
Grants and Similar Amounts Paid$9,661,342
Total Fundraising Expense$2,794,372
Professional Fundraising Fees$98,523

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$19,979,772$3,482,461$602,674$24,064,907
Fees for Services Other$10,638,382$592,983$1,190,348$12,421,713
Foreign Grants$9,661,342--$9,661,342
Other Employee Benefits$5,697,204$1,182,681$206,902$7,086,787
Travel$6,288,587$491,951$95,539$6,876,077
Current Officers, Directors, Trustees, and Key Employees$2,535,693$1,191,518$215,007$3,942,218
Office Expenses$2,753,404$326,747$74,922$3,155,073
Occupancy$1,778,211$669,733$32$2,447,976
Payroll Taxes$1,730,731$359,282$62,854$2,152,867
Pension Plan Contributions$1,516,728$314,857$55,085$1,886,670
Other Expenses$837,694$74,792$11,103$923,589
Information Technology$189,511$511,477$84,328$785,316
Conferences and Meetings$709,656$4,803$344$714,803
Depreciation Depletion$348,453$309,210$8,753$666,416
Fees for Services Legal$307,057$159,615$6,552$473,224
Insurance$115,096$237,792-$352,888
Fees for Services Accounting$134,225$155,431$3,141$292,797
Advertising$152,434$1,997$78,265$232,696
Fees for Services Professional Fundraising--$98,523$98,523
Interest$35,836--$35,836
Total Functional Expenses$71,716,810$10,069,065$2,794,372$84,580,247

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$87,465,469
Expenses per Audited Statements$84,580,247
Total Expenses per Form 990$84,580,247
Expenses Not Reported on Form 990$2,885,222
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
88
Employees
1,413
Spending
$71,716,810

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
Yes
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram Service---$38,389,316
Central America and the CaribbeanProgram ServiceAgricultural and Entrepreneurship Assistance3189$8,689,420
Sub-saharan AfricaGrantmaking---$6,148,426
North AmericaProgram ServiceAgricultural and Entrepreneurship Assistance11236$5,927,021
South AmericaProgram Service---$5,827,178
South AsiaProgram Service---$3,222,532
Central America and the CaribbeanGrantmakingAgricultural and Entrepreneurship Assistance11112$2,467,236
North AmericaGrantmakingAgricultural and Entrepreneurship Assistance11120$746,137
South AmericaGrantmakingAgricultural and Entrepreneurship Assistance52756$299,544
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$98,523
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Employee Benefits$3,368,694
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The draft form 990 is prepared and reviewed internally by senior management and provided to the audit committee for review. The final form 990 is distributed to the board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Technoserve's conflict of interest policy requires each director, officer and key employee to disclose any potential conflict of interest and recuse him/her self from any involvement in a decision in which the individual has or may have a conflict of interest. On an annual basis, each director, officer and key employee is required to complete a statement that includes an acknowledgement that the individual has read and understands the policy, agrees to abide by the policy and discloses any conflicts. In addition, the organization has a policy that clarifies the process in which employees, volunteers and consultants may disclose any possible conflicts of interest.

Form 990, Part VI, Section B, Line 15

The chief human resources officer conducts reviews of compensation including benchmarking against other non-profit organizations. Senior management salaries and increases are presented to and subject to approval by the compensation committee of the board of directors.

Form 990, Part VI, Section C, Line 19

Financial statements, conflict of interest policy and governing documents are available upon request for the same period of disclosure as set forth in section 6104(d). The organization's most recent form 990 is also available on its website at www.technoserve.org.

Filing and Contact Details

Filer

Filer Name
Technoserve Inc
EIN
13-2626135
Phone
2027854515
Address
1777 NORTH KENT STREET NO 1100, ARLINGTON, VA 22209

Signing Officer

Name
Jeffrey Chrisfield
Title
Chief Financial Officer
Phone
2027854515
Signed
2020-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Warshauer
Formed
1969
Legal Domicile
Ny
Voting Board Members
22
Independent Board Members
22
Employees
121
Volunteers
52

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Yong Zhang CPA
Phone
7033366400
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services: program service expenses 10,638,382. Management and general expenses 592,983. Fundraising expenses 1,190,348. Total expenses 12,421,713.

FORM 990, PART XI, LINE 9:

Currency translation adjustments -149,257. Effect of adoption of asu 2018-08

Form 990, Part XII, Line 2C

The process for overseeing the audit of the financial statements and selection of an independent accountant that audited the financial statements has been consistent with prior years.

Form 990, Part I, Line 5

Technoserve worldwide number of employees during the 2017 is 1,264, part i line 5 shows 125, for which the organization has issued corresponding w-2s.

Financial Statement Notes

PART X, LINE 2:

Technoserve is exempt from the payment of taxes on income other than unrelated business income under irc section 501(c)(3) and is not a private foundation. Technoserve had no net unrelated business income for the year ended december 31, 2019. Management has evaluated technoserve's tax positions and has concluded that technoserve has taken no uncertain tax positions that require disclosure. Technoserve files tax returns in the u.s. Federal and washington, d.c. Jurisdictions. Generally, technoserve is no longer subject to u.s. Federal or state and local income tax examinations by tax authorities for years before 2016.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Currency translation adjustment -149,257.

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IRS990/Desc0TECHNOSERVE WORKS WITH ENTERPRISING MEN AND WOMEN IN THE DEVELOPING WORLD TO BUILD COMPETITIVE FARMS, BUSINESSES, AND INDUSTRIES. A NONPROFIT ORGANIZATION OPERATING IN 29 COUNTRIES, TECHNOSERVE IS A LEADER IN HARNESSING THE POWER OF THE PRIVATE SECTOR TO HELP PEOPLE LIFT THEMSELVES OUT OF POVERTY. BY LINKING PEOPLE TO INFORMATION, CAPITAL, AND MARKETS, WE HAVE HELPED MILLIONS TO CREATE LASTING PROSPERITY FOR THEIR FAMILIES AND COMMUNITIES.FOUNDED OVER 50 YEARS AGO, TECHNOSERVE HAS BEEN NAMED THE #1 NONPROFIT FOR FIGHTING POVERTY BY THE IMPACTMATTERS CHARITY RATINGS AGENCY.DURING THE COURSE OF 2019, OUR WORK BENEFITED 31,493 FARMERS, BUSINESSES, AND EMPLOYEES, IMPROVING THE LIVES OF AN ESTIMATED 1.6 MILLION HOUSEHOLD MEMBERS. WE HELPED THESE BENEFICIARIES GENERATE MORE THAN $200 MILLION IN ADDITIONAL REVENUE AND WAGES. WOMEN'S ECONOMIC EMPOWERMENT IS A CENTRAL FOCUS OF TECHNOSERVE'S WORK, AND 38 PERCENT OF ALL OF OUR BENEFICIARIES WERE WOMEN IN 2019.BELOW, WE PROVIDE UPDATES FROM SEVERAL KEY PROJECTS AND PRACTICES, REPRESENTING A CROSS-SECTION OF TECHNOSERVE'S WORK IN AGRICULTURAL VALUE CHAINS AND ENTREPRENEURSHIP AROUND THE WORLD:IN 2019, WE LAUNCHED TECHNOSERVE LABS. BASED IN SILICON VALLEY, THIS INITIATIVE PARTNERS WITH TECHNOLOGY COMPANIES TO IDENTIFY, TEST, AND IMPLEMENT SOLUTIONS THAT CAN TRANSFORM THE LIVES OF SMALLHOLDER FARMERS, ENTREPRENEURS. WORKING WITH TECHNOSERVE LABS, PROGRAMS ARE INNOVATING IN THE USE OF REMOTE TRAINING TO REACH ENTREPRENEURS AND FARMERS, DRONE IMAGING AND MAPPING TO IMPROVE CROP PRODUCTION AND SUSTAINABILITY, AND TECHNOLOGICAL SOLUTIONS THAT MAKE AGRICULTURAL VALUE CHAINS MORE TRANSPARENT AND EFFICIENT.IN DECEMBER 2019, TECHNOSERVE AND THE MASTERCARD FOUNDATION CONCLUDED THE STRENGTHENING RURAL YOUTH DEVELOPMENT THROUGH ENTERPRISE (STRYDE) PROGRAM, A LANDMARK INITIATIVE THAT CREATED NEW ECONOMIC OPPORTUNITIES FOR NEARLY 70,000 YOUNG PEOPLE IN RURAL REGIONS OF KENYA, UGANDA, TANZANIA, AND RWANDA. BY COMBINING TRAINING ON PERSONAL AND BUSINESS SKILLS WITH TAILORED AFTERCARE, THE PROGRAM HELPED YOUTH START NEW BUSINESSES, EXPAND EXISTING MICRO-ENTERPRISES, AND FIND WAGE-PAYING JOBS, LEADING TO AN AVERAGE INCOME INCREASE OF 84%.IN BENIN, TECHNOSERVE IS LEADING THE BENINCAJU PROJECT, WHICH WAS LAUNCHED IN 2016 AND IS FUNDED BY THE U.S. DEPARTMENT OF AGRICULTURE. BY PROVIDING AGRONOMY TRAINING TO FARMERS, BUILDING THE CAPACITY OF CASHEW-NUT AND CASHEW-APPLE PROCESSORS, HARNESSING NEW TECHNOLOGY, AND IMPROVING ACCESS TO FINANCE AND MARKETS, THE PROGRAM IS HELPING TO MAKE THE CASHEW SECTOR AN ENGINE FOR BENIN'S ECONOMIC DEVELOPMENT. TO DATE, THE PROGRAM HAS PROVIDED TRAINING TO MORE THAN 43,000 FARMERS AND HAS HELPED TO GENERATE AN ADDITIONAL $23 MILLION OF REVENUE FOR FARMERS AND CASHEW PROCESSORS. FROM HONDURAS TO ZIMBABWE AND PERU TO ETHIOPIA, TECHNOSERVE IS WORKING TO BUILD A SUSTAINABLE GLOBAL COFFEE SECTOR. TECHNOSERVE'S PROGRAMS HELP FARMERS IMPROVE THE QUALITY AND YIELDS OF THEIR COFFEE AND STRENGTHEN THE VALUE CHAIN, HELPING TO ENSURE THAT COFFEE GROWERS EARN BETTER PRICES AND IMPROVE THE RESILIENCE OF THEIR FARMS. IN 2019, TECHNOSERVE'S COFFEE PROGRAMS HELPED 85,290 FARMERS EARN NEARLY $50 MILLION IN ADDITIONAL INCOME. THE STRENGTHENING AFRICAN PROCESSORS OF FORTIFIED FOODS (SAPFF) PROGRAM, A PARTNERSHIP BETWEEN TECHNOSERVE, PARTNERS IN FOOD SOLUTIONS, AND THE BILL & MELINDA GATES FOUNDATION, IS WORKING TO BOOST NUTRITION AND FOOD SECURITY BY IMPROVING CONSUMER ACCESS TO FORTIFIED FOOD IN NIGERIA, KENYA, AND TANZANIA. THE PROGRAM WORKS WITH FOOD PROCESSORS TO ADOPT FOOD FORTIFICATION AND INCREASE THEIR CAPACITY TO PRODUCE SAFE, NUTRITIOUS FOOD. IN 2019, SAPFF CONVENED THE 2ND ANNUAL NIGERIA FOOD PROCESSING AND LEADERSHIP FORUM, WHERE IT WAS ANNOUNCED THAT THE PROGRAM'S PRIVATE-SECTOR PARTNERS HAD INCREASED THE SHARE OF WHEAT FLOUR THAT WAS FORTIFIED FROM 58 PERCENT TO 74 PERCENT; FORTIFIED EDIBLE OIL FROM 63 PERCENT TO 75 PERCENT; AND FORTIFIED SUGAR FROM 32 PERCENT TO 84 PERCENT; AND THAT 10
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$101$12.0$122$124$2.08
2023Detailed filing. Detailed filing data is available for this year.$121$106$15.3$116$117$1.47
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$102$85.2$17.2$93.2$94.4$1.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$114$95.4$18.9$96.6$92.4$4.18
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.6$60.6$15.0$80.7$79.2$1.44
2019Detailed filing. Detailed filing data is available for this year.$67.5$53.8$13.7$86.8$84.6$2.27
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.4$47.9$11.5$87.5$84.3$3.11
2017Detailed filing. Detailed filing data is available for this year.$63.4$57.1$6.35$81.3$80.9$0.38
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.4$49.7$5.71$85.2$85.8$0.61
2015Detailed filing. Detailed filing data is available for this year.$57.4$49.8$7.54$86.4$86.6$0.23
2014Detailed filing. Detailed filing data is available for this year.$68.8$59.4$9.41$76.8$76.5$0.36
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$59.3$50.1$9.16$80.2$74.6$5.53
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.3$53.5$3.75$70.6
2011Summary only. Only limited summary data is available for this year.$47.7$42.4$5.35$56.0$60.7$4.73
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.6$33.7$9.92$54.5