Civic Intelligence

West Africa Rice Development Association

990 • Fiscal year 2023 • EIN 31-1602376

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 24, 2024

Boulevard Francois Mitterand 01Abidjan, Abidjan 00000Iv

(272) 248-0910

Siviq Scores

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

Liabilities / Assets

85th percentile

0.73x

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

1.10x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

45th percentile

2.1%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$302,859

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

13th percentile

-5.6%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-29%

Faster revenue growth than 12% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$22,785,065

Down $1,345,737 (-5.6%) from 2022

Net Assets

Up

$6,045,556

Up $321,890 (+5.6%) from 2022

Liabilities

Down

$16,739,509

Down $1,667,627 (-9.1%) from 2022

Revenue

Down

$15,187,047

Down $6,296,901 (-29%) from 2022

Expenses

Down

$14,865,157

Down $5,752,039 (-28%) from 2022

Net Income

Down

$321,890

Down $544,862 (-63%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $17,280,914Liabilities 2010: $6,482,590Net Assets 2010: $10,798,3242010Assets 2011: $19,987,916Liabilities 2011: $7,998,860Net Assets 2011: $11,989,0562011Assets 2012: $20,336,213Liabilities 2012: $7,797,846Net Assets 2012: $12,538,3672012Assets 2013: $25,217,713Liabilities 2013: $12,102,356Net Assets 2013: $13,115,3572013Assets 2014: $23,147,515Liabilities 2014: $9,988,362Net Assets 2014: $13,159,1532014Assets 2015: $26,153,075Liabilities 2015: $15,461,584Net Assets 2015: $10,691,4912015Assets 2016: $23,453,414Liabilities 2016: $15,003,771Net Assets 2016: $8,449,6432016Assets 2020: $28,144,805Liabilities 2020: $23,819,152Net Assets 2020: $4,325,6532020Assets 2021: $23,999,248Liabilities 2021: $19,142,334Net Assets 2021: $4,856,9142021Assets 2022: $24,130,802Liabilities 2022: $18,407,136Net Assets 2022: $5,723,6662022Assets 2023: $22,785,065Liabilities 2023: $16,739,509Net Assets 2023: $6,045,5562023Assets 2024: $41,690,637Liabilities 2024: $35,353,697Net Assets 2024: $6,336,9402024

Highlighted filing

2023

Assets$22,785,065
Liabilities$16,739,509
Net Assets$6,045,556

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $21,500,6862010Expenses 2011: $23,356,8282011Expenses 2012: $24,135,0712012Revenue 2013: $33,960,897Expenses 2013: $33,383,907Net Income 2013: $576,9902013Revenue 2014: $31,543,972Expenses 2014: $31,500,175Net Income 2014: $43,7972014Revenue 2015: $23,081,306Expenses 2015: $25,548,968Net Income 2015: -$2,467,6622015Revenue 2016: $24,510,939Expenses 2016: $26,753,143Net Income 2016: -$2,242,2042016Revenue 2020: $12,149,869Expenses 2020: $13,163,280Net Income 2020: -$1,013,4112020Revenue 2021: $19,439,683Expenses 2021: $18,908,423Net Income 2021: $531,2602021Revenue 2022: $21,483,948Expenses 2022: $20,617,196Net Income 2022: $866,7522022Revenue 2023: $15,187,047Expenses 2023: $14,865,157Net Income 2023: $321,8902023Revenue 2024: $18,218,753Expenses 2024: $17,927,369Net Income 2024: $291,3842024

Highlighted filing

2023

Revenue$15,187,047
Expenses$14,865,157
Net Income$321,890
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 24, 2024
Return Version
2023v5.0
Gross Receipts
$15,187,047
Mission and Program Overview

Mission

To contribute to food security and poverty eradication in poor, rural, and urban populations, particularly in west, central, east and north africa, through research, partnerships, capacity strengthening and policy support on rice based systems, and in ways that promote sustainable agricultural development based on environmentally sound management of natural resources.

To deliver rice-based innovations and transformed rice-based agri-food systems that contribute to the transformation of food, land and water systems in the face of climate change.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$11,182,669$9,804,469▼ $1,378,200
Rtn Earn Endowment Incm Other Fnds$5,723,666$6,045,556▲ $321,890
Accounts Receivable$3,525,631$4,275,339▲ $749,708
Land, Buildings, and Equipment, Net$3,281,742$3,392,942▲ $111,200
Prepaid Expenses and Deferred Charges$3,095,501$2,660,216▼ $435,285
Pledges and Grants Receivable$2,988,695$2,652,099▼ $336,596
Inventories for Sale or Use$56,564$0▼ $56,564
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Total Assets$24,130,802$22,785,065▼ $1,345,737
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$9,924,692$8,720,309▼ $1,204,383
Deferred Revenue$7,935,145$7,651,903▼ $283,242
Grants Payable$547,299$367,297▼ $180,002
Total Liabilities$18,407,136$16,739,509▼ $1,667,627
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,723,666$6,045,556▲ $321,890
Total Liabilities and Net Assets / Fund Balance$24,130,802$22,785,065▼ $1,345,737

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,679,493$10,214,475$11,893,968
Other Land Buildings$439,359$2,745,895$3,185,254
Buildings$1,271,090$1,848,509$3,119,599
Land$3,000-$3,000
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MANNEH BaboucarrDirector GeneralFT$160,785$142,074$302,859
NWALOZIE MarcellusChief of Staff-Secetary to the BoardFT$156,549$83,406$239,955
OLATIFEDE Kolade OladimejiDirector of Finance and Corporate ServicesFT$156,549$72,649$229,198
NDIOUR-BELLA NafissatouDirector of Strategic Business InitativesFT$138,000$72,468$210,468
Jalloh AbdulaiDirector of Research and InnovationFT$121,924$54,221$176,145
NWILENE FrancisRegional Rrpresentative - NigeriaFT$104,226$63,867$168,093
FUTAKUCHI KoichiProgram LeadFT$100,000$55,570$155,570
Zenna Negussie ShoatatekProgram LeadFT$60,000$70,712$130,712
NDJIONDJOP Marie-NoelleGenetic Diversity and Improvement ProgramFT$91,627$38,247$129,874
KALIMUTHU SenthilkumarExtension AgronomistFT$61,800$63,985$125,785
NWANZE KanayoBoard Chair-$25,634-$25,634
AZIZ SY AbdoulBoard Member-$14,525-$14,525
WAMBUGU FlorenceBoard Member-$11,354-$11,354
IDRO PhilipBoard Member-$10,910-$10,910
SACKEY EmmanuelBoard Member-$10,910-$10,910
ADJANOHOUN AdolpheBoard Member-$8,729-$8,729
ACRAY ZENGBE PetronilleBoard Member-$5,250-$5,250

Board Members and Trustees

NameTitle
CARON PatrickBoard Member
FAN ShenggenBoard Member
GUTTERSON NealBoard Member
MCDONALD BAERTI Alyssa JadeBoard Member
RUHWEZA AliceBoard Member
SIBANDA LindiweBoard Member
WILD HilaryBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$15,120,168
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$66,879
All Other Contributions
$14,735,257
Change in Net Assets
$321,890

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,187,047
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$15,187,047
Total Revenue per Form 990
$15,187,047
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,452,137
Salaries, Compensation, and Employee Benefits$6,377,660
Grants and Similar Amounts Paid$1,035,360
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,884,925$1,157,816$0$4,042,741
Current Officers, Directors, Trustees, and Key Employees$920,870$1,035,100$0$1,955,970
All Other Expenses$5,102,359$-3,429,321$0$1,673,038
Office Expenses$1,222,108$255,594$0$1,477,702
Travel$1,092,565$59,113$0$1,151,678
Foreign Grants$1,035,360--$1,035,360
Fees for Services Other$814,668$95,899$0$910,567
Information Technology$371,213$345,459$0$716,672
Conferences and Meetings$664,906$3,210$0$668,116
Pension Plan Contributions$244,224$134,725$0$378,949
Depreciation Depletion$0$197,944$0$197,944
Other Expenses$38,902$31,619$0$70,521
Fees for Services Legal$28,258$39,562$0$67,820
Insurance$38,073$-302$0$37,771
Occupancy$60,532$-25,950$0$34,582
Total Functional Expenses$14,735,257$129,900$0$14,865,157

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,865,157
Total Expenses per Audited Statements$14,865,157
Total Expenses per Form 990$14,865,157
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

International Summary

Offices
6
Employees
183
Spending
$1,035,361

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaProgram Services-6183$530,210
Europe (including Iceland and Greenland)--00$509,500
South Asia--00$-4,349
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

AfricaRice is an autonomous inter-governmental research association of 28 African Member States, established in 1971 with a mission to contribute to poverty alleviation and food security through research, development and partnership activities aimed at increasing the productivity and profitability of the rice sector in ways that ensure the sustainaibility of the farming environment.

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

Form 990 is prepared by the Planning and Budget Manager headed by a Finance Professional. Figures and data are cross checked with different units such as accounting, human resources and research group. Completed forms are submitted to the Director of Finance and Corporate Services for verification and clearance. The cleared document is shared with the executive management team, which includes the Chief Executive Office as Chair for review and input. Audit Finance Risk Committee focal point reviews the documents in consultation with the Board Chair. After the input, the Director of Finance and Corporate Services signs and submits the forms.

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

There is a conflict of Interest Review committee which has the responsibility to advise the Director General on all matters related to actual or potential conflict of interests in the institute. This includes: - making recommendation on disclosed cases of actual or potential conflicts of interest, - monitoring the implementation of the recommandations as approved by the Director General - Investigating reported or alleged cases of undisclosed conflicts of interests and making appropriate recommandations to the Director General - preparing a regular report to the Board on its activiies -recommending changes to the present policy - maintaining appropriate records of all its delibarations and decisions. The committee meets on a needs basis on the claims submitted and it may need intenal or external expertise during deliberations. The committee will reviewed and make recommandations to the Dorector General and once approved by the DG then the decision will be communicated to the staff.

Form 990, Part VI, Section B, Line 15

The Director General's performance evaluation is conducted by the Board annually. Based on performance, availability of funds and comparative salary of other sister institutions the Board may decide and fix increase or adjustment to the executive salary.

Form 990, Part VI, Section C, Line 19

All policies, governing documents and audited financial statements are available to the public on the AfricaRice website as well as the CGIAR website.

Filing and Contact Details

Filer

Filer Name
West Africa Rice Development Association
EIN
31-1602376
Phone
2722480910
Address
IV
Doing Business As
Africa Rice Center (AfricaRice)

Signing Officer

Name
Kolade Olatifede
Title
Director of Finance and Corporate
Phone
2722480914
Signed
2024-06-24

Organization Details

Principal Officer
Kolade Olatifede
Formed
1971
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

include cleaning, cleaning supplies, catering, board of trustees' expenses, books and subscriptions, gardening, hospitality, membership fees, postage, printing, fertilizers, generator fuel, recruitment fees, lab supplies, training, temporary workers, telephone, institutional direct cost recovery.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Director General
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chief of Staff-Secetary to the Board
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director of Finance and Corporate Services
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director of Strategic Business Initatives
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director of Research and Innovation
IRS990/Form990PartVIISectionAGrp/TitleTxt5Regional Rrpresentative - Nigeria
IRS990/Form990PartVIISectionAGrp/TitleTxt6Program Lead
IRS990/Form990PartVIISectionAGrp/TitleTxt7Program Lead
IRS990/Form990PartVIISectionAGrp/TitleTxt8Genetic Diversity and Improvement Program
IRS990/Form990PartVIISectionAGrp/TitleTxt9Extension Agronomist
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IRS990/MissionDesc0To deliver rice-based innovations and transformed rice-based agri-food systems that contribute to the transformation of food, land and water systems in the face of climate change.
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