Civic Intelligence

Southern Africa Enterprise Development Fund Inc

EIN 58-2154593 • 501(c)3

1st Floor 33 Ballyclare Drive2169
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

43rd percentile

0.12x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

3rd percentile

-42%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets43rd percentile

Assets

Down

$20,649,806

Down $15,073,315 (-42%) from 2011

Liabilities

Up

$2,397,876

Up $1,612,550 (+205%) from 2011

Net Assets

Down

$18,251,930

Down $16,685,865 (-48%) from 2011

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,504,398

Down $3,368,458 (-69%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2011: $35,723,121Liabilities 2011: $785,326Net Assets 2011: $34,937,7952011Assets 2012: $20,649,806Liabilities 2012: $2,397,876Net Assets 2012: $18,251,9302012

Highlighted filing

2012

Assets$20,649,806
Liabilities$2,397,876
Net Assets$18,251,930
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2011: $4,872,8562011Expenses 2012: $1,504,3982012

Highlighted filing

2012

Revenue-
Expenses$1,504,398
Net Income-
Open 2012 Filing

Filings

Most recent year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$20,649,806
Liabilities
$2,397,876
Net assets
$18,251,930
Revenue
-
Expenses
$1,504,398
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.6$2.40$18.3$1.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.7$0.79$34.9$4.87
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2011 to Sep 30, 2012
Signed
May 1, 2013
Return Version
2011v1.5
Gross Receipts
$2,370,262
Filing and Contact Details

Filer

EIN
58-2154593
Raw XML AppendixShowing 400 of 536 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY0785326
IRS990/AccountsPayableAccruedExpenses/EOY01296632
IRS990/AccountsReceivable/BOY01771251
IRS990/AccountsReceivable/EOY01755840
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0SEE PART III, LINE 1.
IRS990/AddressPrincipalOfficerForeign/AddressLine101ST FLOOR 33 BALLYCLARE DRIVE
IRS990/AddressPrincipalOfficerForeign/City0BRYANSTON GAUTENG SOUTH A
IRS990/AddressPrincipalOfficerForeign/Country0SF
IRS990/AddressPrincipalOfficerForeign/PostalCode02169
IRS990/AddressPrincipalOfficerForeign/ProvinceOrState0FOREIGN COUNTRY
IRS990/Advertising/ProgramServices015000
IRS990/Advertising/Total015000
IRS990/AllOtherExpenses/ProgramServices0-31971
IRS990/AllOtherExpenses/Total0-31971
IRS990/AmendedReturn0X
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CashNonInterestBearing/BOY04222
IRS990/CashNonInterestBearing/EOY04293
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO00
IRS990/CompensationProcessOther00
IRS990/ConferencesMeetings/ProgramServices0-16592
IRS990/ConferencesMeetings/Total0-16592
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContractorCompensation/AddressOfContractor/AddressForeign/AddressLine10PO BOX 2241
IRS990/ContractorCompensation/AddressOfContractor/AddressForeign/City0SAXONWOLD
IRS990/ContractorCompensation/AddressOfContractor/AddressForeign/Country0SF
IRS990/ContractorCompensation/AddressOfContractor/AddressForeign/PostalCode02132
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine1055 WEST MONROE ST 3800
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine111300 I ST NW 900
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/AddressLine124550 MONTGOMERY AVE SUITE 650N
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City0CHICAGO
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City1WASHINGTON
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/City2BETHESDA
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State0IL
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State1DC
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/State2MD
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode060603
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode120005
IRS990/ContractorCompensation/AddressOfContractor/AddressUS/ZIPCode220814
IRS990/ContractorCompensation/Compensation02757699
IRS990/ContractorCompensation/Compensation1299645
IRS990/ContractorCompensation/Compensation2269637
IRS990/ContractorCompensation/Compensation3137171
IRS990/ContractorCompensation/DescriptionOfServices0INVESTMENT MANAGEMENT
IRS990/ContractorCompensation/DescriptionOfServices1LEGAL
IRS990/ContractorCompensation/DescriptionOfServices2LEGAL
IRS990/ContractorCompensation/DescriptionOfServices3ACCOUNTING SERVICES
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10INFLECTION CAPITAL PARTNERS LLC
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine11WILSONELSERMOSKOWITZEDELMAN & DICKER
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine12WEIL GOTSHAL AND MANGES
IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine13GELMAN ROSENBERG & FREEDMAN
IRS990/ContributionsGrantsCurrentYear00
IRS990/ContributionsGrantsPriorYear00
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/ProgramServices048398
IRS990/DepreciationDepletion/Total048398
IRS990/DescribedIn501C301
IRS990/Description0SAEDF'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.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy01
IRS990/DonorAdvisedFunds00
IRS990/ElectionOfBoardMembers00
IRS990/ExcessBenefitTransaction00
IRS990/Expense01504398
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditPerformed01
IRS990/FederalGrantAuditRequired01
IRS990/FeesForServicesAccounting/ProgramServices0104826
IRS990/FeesForServicesAccounting/Total0104826
IRS990/FeesForServicesInvstMgmntFees/ProgramServices0208333
IRS990/FeesForServicesInvstMgmntFees/Total0208333
IRS990/FeesForServicesLegal/ProgramServices0796292
IRS990/FeesForServicesLegal/Total0796292
IRS990/FeesForServicesOther/ProgramServices0104317
IRS990/FeesForServicesOther/Total0104317
IRS990/FinancialStatementSeparate0X
IRS990/FollowSFAS1170X
IRS990/ForeignActivities01
IRS990/ForeignFinancialAccount01
IRS990/ForeignOffice01
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek015.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek12.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek20.50
IRS990/Form990PartVIISectionA/AverageHoursPerWeek32.50
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/NamePerson0AMBASSADOR CARLTON MASTERS
IRS990/Form990PartVIISectionA/NamePerson1PETER EMERSON
IRS990/Form990PartVIISectionA/NamePerson2ERNEST GREEN
IRS990/Form990PartVIISectionA/NamePerson3ELIZABETH SANDZA
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/Officer2X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/Title0CHAIR
IRS990/Form990PartVIISectionA/Title1CHAIR OF ETHICS & GOV. REL
IRS990/Form990PartVIISectionA/Title2DIRECTOR
IRS990/Form990PartVIISectionA/Title3SECRETARY
IRS990/Form990ProvidedToGoverningBody01
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossReceipts02370262
IRS990/GrossRents/Real045168
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartXI0X
IRS990/InformationTechnology/ProgramServices014104
IRS990/InformationTechnology/Total014104
IRS990/Insurance/ProgramServices046651
IRS990/Insurance/Total046651
IRS990/Interest/ProgramServices018078
IRS990/Interest/Total018078
IRS990/InvestmentIncomeCurrentYear03880
IRS990/InvestmentIncome/ExclusionAmount03880
IRS990/InvestmentIncomePriorYear043868
IRS990/InvestmentIncome/TotalRevenueColumn03880
IRS990/InvestmentInJointVenture01
IRS990/InvestmentsProgramRelated/BOY032334768
IRS990/InvestmentsProgramRelated/EOY017223402
IRS990/LandBldgEquipmentAccumDeprec0193591
IRS990/LandBuildingsEquipmentBasis01427789
IRS990/LandBuildingsEquipmentBasisNet/BOY01282595
IRS990/LandBuildingsEquipmentBasisNet/EOY01234198
IRS990/LessRentalExpenses/Real00
IRS990/LoansFromOfficersDirectors/EOY0958730
IRS990/LoanToOfficerOrDQP01
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse01
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0THE 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.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/NameOfForeignCountry0SF
IRS990/NameOfForeignCountry1MI
IRS990/NameOfForeignCountry2TZ
IRS990/NameOfPrincipalOfficerPerson0AMB CARLETON MASTERS
IRS990/NbrIndependentVotingMembers03
IRS990/NbrVotingGoverningBodyMembers03
IRS990/NbrVotingMembersGoverningBody03
IRS990/NetAssetsOrFundBalancesBOY034937795
IRS990/NetAssetsOrFundBalancesEOY018251930
IRS990/NetRentalIncomeOrLoss/ExclusionAmount045168
IRS990/NetRentalIncomeOrLoss/TotalRevenueColumn045168
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NoListedPersonsCompensated0X
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith109600
IRS990/NumberIndependentVotingMembers03
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K04
IRS990/NumberOfEmployees00
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ProgramServices031906
IRS990/Occupancy/Total031906
IRS990/OfficeExpenses/ProgramServices022055
IRS990/OfficeExpenses/Total022055
IRS990/OfficerEntityWithBsnssRltnshp01
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherAssetsTotal/BOY00
IRS990/OtherAssetsTotal/EOY0124114
IRS990/OtherEmployeeBenefits/ProgramServices017415
IRS990/OtherEmployeeBenefits/Total017415
IRS990/OtherExpensePriorYear05224089
IRS990/OtherExpensesCurrentYear01388854
IRS990/OtherExpenses/Description0SUBSCRIPTIONS
IRS990/OtherExpenses/Description1CLEANING
IRS990/OtherExpenses/Description2SKILLS LEVY
IRS990/OtherExpenses/Description3MOTOR VEHICLE
IRS990/OtherExpenses/ProgramServices04437
IRS990/OtherExpenses/ProgramServices12865
IRS990/OtherExpenses/ProgramServices22068
IRS990/OtherExpenses/ProgramServices3782
IRS990/OtherExpenses/Total04437
IRS990/OtherExpenses/Total12865
IRS990/OtherExpenses/Total22068
IRS990/OtherExpenses/Total3782
IRS990/OtherRevenueCurrentYear045168
IRS990/OtherRevenuePriorYear091138
IRS990/OtherSalariesAndWages/ProgramServices098129
IRS990/OtherSalariesAndWages/Total098129
IRS990/PartialLiquidation00
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/BOY036303
IRS990/PrepaidExpensesDeferredCharges/EOY069786
IRS990/PriorExcessBenefitTransaction01
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenue/BusinessCode1900099
IRS990/ProgramServiceRevenueCY02321214
IRS990/ProgramServiceRevenue/Description0PROG.-REL. INV. GAIN
IRS990/ProgramServiceRevenue/Description1INT./DIV. ON PROG. INV
IRS990/ProgramServiceRevenuePriorYear01189742
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome01486761
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1834453
IRS990/ProgramServiceRevenue/TotalRevenueColumn01486761
IRS990/ProgramServiceRevenue/TotalRevenueColumn1834453
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges0-17551729
IRS990/ReconcilationRevenueExpenses0865864
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity01
IRS990/RelatedOrgControlledEntity01
IRS990/RentalIncomeOrLoss/Real045168
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities00
IRS990/ReportProgRelInvest01
IRS990/Revenue02321214
IRS990/RevenuesLessExpensesCY0865864
IRS990/RevenuesLessExpensesPriorYear0-3955513
IRS990/SalariesEtcCurrentYear0115544
IRS990/SalariesEtcPriorYear056172
IRS990/SavingsAndTempCashInvestments/BOY0293982
IRS990/SavingsAndTempCashInvestments/EOY0238173
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years05305970
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years01947665
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years018397046
IRS990ScheduleA/GiftsGrantsContribReceived170/Total025650681
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear049048
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year0135006
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years019323
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years0227095
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years01268110
IRS990ScheduleA/GrossInvestmentIncome170/Total01698582
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc08968126
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus4Years0124303
IRS990ScheduleA/OtherIncome170/Total0124303
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportPertcentage17000.93360
IRS990ScheduleA/PublicSupportPertcentPriorYear00.90650
IRS990ScheduleA/PublicSupportTotal170025650681
IRS990ScheduleA/ThirtyThreePercntTestsCY1700X
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years05305970
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years01947665
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years018397046
IRS990ScheduleA/Total170/Total025650681
IRS990ScheduleA/TotalSupport027473566
IRS990/ScheduleBRequired00
IRS990ScheduleD/Buildings/BookValue01234198
IRS990ScheduleD/Buildings/Depreciation0193591
IRS990ScheduleD/Buildings/OtherCostOrOtherBasis01427789
IRS990ScheduleD/ExcessOrDeficitForYear0865864
IRS990ScheduleD/ExcessOrDeficitPerFS0-16685865
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal01504398
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0IN JUNE 2006, THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) RELEASED FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES. FOR THE YEARS ENDED SEPTEMBER 30, 2012 AND 2011, SAEDF HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10 AND DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER IT IS FILED.
IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation1FAIR VALUE ADJUSTMENT ON INVESTMENTS -17,529,305. UNREALIZED FOREIGN EXCHANGE GAIN -22,425. ROUNDING 1. TOTAL TO SCHEDULE D, PART XI, LINE 8: -17,551,729.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier1PART XI, LINE 8 - OTHER ADJUSTMENTS:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
IRS990ScheduleD/InvestmentsProgramRelated/BookValue017223402
IRS990ScheduleD/InvestmentsProgramRelated/Description0PROGRAM INVESTMENTS
IRS990ScheduleD/InvestmentsProgramRelated/MethodOfValuation0F
IRS990ScheduleD/OtherAmount0-17551729
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal02370262
IRS990ScheduleD/TotalAdjustments0-17551729
IRS990ScheduleD/TotalExpenses01504398
IRS990ScheduleD/TotalExpensesPerForm99001504398
IRS990ScheduleD/TotalOfBookValueLandBuildings01234198
IRS990ScheduleD/TotalOfBookValueProgramRelated017223402
IRS990ScheduleD/TotalRevenue02370262
IRS990ScheduleD/TotalRevenuePerForm99002370262
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01504398
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt02370262
IRS990ScheduleF/AcctsActvsOutUSTable/NumberOfEmployees03
IRS990ScheduleF/AcctsActvsOutUSTable/NumberOfOffices01
IRS990ScheduleF/AcctsActvsOutUSTable/Region0SUB-SAHARAN AFRICA - ANGOLA,
IRS990ScheduleF/AcctsActvsOutUSTable/SpecificServicesProvided0EXPAND SOUTHERN AFRICAN BUSINESS DEVELOPMENT AND OWNERSHIP.
IRS990ScheduleF/AcctsActvsOutUSTable/TotalExpenditures02754398
IRS990ScheduleF/AcctsActvsOutUSTable/TypeOfActivitiesConducted0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountries00
IRS990ScheduleF/ContAmountSpent00
IRS990ScheduleF/ContNumberOfEmployees00
IRS990ScheduleF/ContNumberOfOffices00
IRS990ScheduleF/ForeignPartnership00
IRS990ScheduleF/InterestInForeignTrust00
IRS990ScheduleF/OwnForeignCorp01
IRS990ScheduleF/PassiveForeignInvestCo00
IRS990ScheduleF/SubtotalAmountSpent02754398
IRS990ScheduleF/SubtotalNumberOfEmployees03
IRS990ScheduleF/SubtotalNumberOfOffices01
IRS990ScheduleF/TotalAmountSpent02754398
IRS990ScheduleF/TotalNumberOfEmployees03
IRS990ScheduleF/TotalNumberOfOffices01
IRS990ScheduleF/TransferToForeignCorp01
IRS990/ScheduleJRequired00
IRS990ScheduleL/AmountOfTaxImposed0259358
IRS990ScheduleL/DQPTable/DescriptionOfTransaction0PURSUANT TO A WRITTEN AGREEMENT BETWEEN USAID AND SAEDF, COMPENSATION PAYABLE TO THE PRINCIPALS OF THE LLC INFLECTION CAPITAL PARTNERS (ICP) FROM U.S. GOVERNMENT FUNDS WAS LIMITED. MALCOLMN PRYOR, A DISQUALIFIED PERSON AS A FORMER VOTING MEMBER OF THE SAEDF BOARD OF DIRECTORS, RECEIVED DISTRIBUTIONS FROM ICP IN THE AMOUNT OF $516,263. BECAUSE THESE DISTRIBUTIONS EXCEEDED THE AGREED-UPON LIMIT, THERE WAS AN AUTOMATIC EXCESS BENEFIT TRANSACTION OF AT LEAST $202,068 DURING THE TAX YEAR.
IRS990ScheduleL/DQPTable/DescriptionOfTransaction1PURSUANT TO A WRITTEN AGREEMENT BETWEEN USAID AND SAEDF, COMPENSATION PAYABLE TO THE PRINCIPALS OF THE LLC INFLECTION CAPITAL PARTNERS (ICP) FROM U.S. GOVERNMENT FUNDS WAS LIMITED. RAFIQUE SYMONETTE, A DISQUALIFIED PERSON BECAUSE OF HIS MANAGEMENT AUTHORITY OVER SUBSTANTIAL SEGMENTS OF SADEF, NAMELY THE INVESTMENT AND LEGAL FUNCTIONS, AND THE FACT THAT HE REPORTS TO MR. PRYOR, RECEIVED DISTRIBUTIONS FROM ICP IN THE AMOUNT OF $489,758. BECAUSE THESE DISTRIBUTIONS EXCEEDED THE AGREED-UPON LIMIT, THERE WAS AN AUTOMATIC EXCESS BENEFIT TRANSACTION OF AT LEAST $238,199 DURING THE TAX YEAR.
IRS990ScheduleL/DQPTable/DescriptionOfTransaction2PURSUANT TO A WRITTEN AGREEMENT BETWEEN USAID AND SAEDF, COMPENSATION PAYABLE TO THE PRINCIPALS OF THE LLC INFLECTION CAPITAL PARTNERS (ICP) FROM U.S. GOVERNMENT FUNDS WAS LIMITED. LAYN SAINT-LOUIS, A DISQUALIFIED PERSON BECAUSE OF HIS MANAGEMENT AUTHORITY OVER SUBSTANTIAL SEGMENTS OF SADEF, NAMELY THE INVESTMENT AND LEGAL FUNCTIONS, AND THE FACT THAT HE REPORTS TO MR. PRYOR, RECEIVED DISTRIBUTIONS FROM ICP IN THE AMOUNT OF $492,785. BECAUSE THESE DISTRIBUTIONS EXCEEDED THE AGREED-UPON LIMIT, THERE WAS AN AUTOMATIC EXCESS BENEFIT TRANSACTION OF AT LEAST $302,836 DURING THE TAX YEAR.
IRS990ScheduleL/DQPTable/DescriptionOfTransaction3ICP IS A DISQUALIFIED PERSON BECAUSE MESSRS. PRYOR, SYMONETTE, AND SAINT-LOUIS OWN 35 PERCENT OR MORE OF THE PROFITS INTEREST IN ICP. MR. PRYOR HAD RESIGNED FROM THE FUND ON MARCH 30, 2010, AND WAS, THEREFORE, NOT AUTHORIZED TO SIGN ON BEHALF OF SAEDF IN JULY 2010. HIS EFFECTUATING AN UNAUTHORIZED TRANSFER OF THE FUND'S GRYPHON SHARES TO ICP, A DISQUALIFIED PERSON, WAS AN UNAUTHORIZED TRANSFER OF FUND PROPERTY AND THUS AN AUTOMATIC EXCESS BENEFIT TRANSACTION OF $294,329, THE VALUE OF THE GRYPHON SHARES TRANSFERRED TO ICP.
IRS990ScheduleL/DQPTable/NameBusiness/BusinessNameLine10INFLECTION CAPITAL PARTNERS LLC
IRS990ScheduleL/DQPTable/NamePerson0MALCOLMN PRYOR
IRS990ScheduleL/DQPTable/NamePerson1RAFIQUE SYMONETTE
IRS990ScheduleL/DQPTable/NamePerson2LAYN SAINT-LOUIS
IRS990ScheduleL/DQPTable/TransactionCorrected00
IRS990ScheduleL/DQPTable/TransactionCorrected10
IRS990ScheduleL/DQPTable/TransactionCorrected20
IRS990ScheduleL/DQPTable/TransactionCorrected30
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction0208333
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0MANAGEMENT SERVICES
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10INFLECTION CAPITAL PARTNERS LLC
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0MANAGEMENT COMPANY
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues00
IRS990ScheduleL/LoanTable/ApprovedByBoard01
IRS990ScheduleL/LoanTable/BalanceDue0958730
IRS990ScheduleL/LoanTable/Default00
IRS990ScheduleL/LoanTable/LoanToOrganization0X
IRS990ScheduleL/LoanTable/NamePerson0CARLTON MASTERS
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount0958730
IRS990ScheduleL/LoanTable/PurposeOfLoan0GENERAL OPERATIONS
IRS990ScheduleL/LoanTable/WrittenAgreement01
IRS990ScheduleL/TotalBalanceDue0958730
IRS990ScheduleO/GeneralExplanation/Explanation0THE 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.
IRS990ScheduleO/GeneralExplanation/Explanation1SEE SCHEDULE L FOR DETAIL OF EXCESS BENEFIT TRANSACTION DISCLOSURE.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE ORGANIZATION'S POLICY IS MONITORED ON A MONTHLY BASIS AND INTERESTED PERSONS MUST DISCLOSE ALL FINANCIAL INTERESTS AND ALL MATERIAL FACTS RELATING TO THE BOARD OF DIRECTORS, CONFLICT OF INTERESTS COMMITTEE, OR SPECIAL INDEPENDENT COMMITTEE FORMED WITH RESPECT TO A SPECIFIC TRANSACTION. SUCH DISCLOSURE IS MADE PROMPTLY UPON DISCOVERY BY THE INTERESTED PERSON OF THE FACTS CONSTITUTING THE FINANCIAL INTEREST, AND BEFORE ANY ACTION IS TAKEN BY THE BOARD OF DIRECTORS ON ANY TRANSACTION OR ARRANGEMENT AS TO WHICH AN INTERESTED PERSON HAS A FINANCIAL INTEREST. EACH DIRECTOR, OFFICER, EMPLOYEE AND MEMBER OF ANY COMMITTEE WITH BOARD-DELEGATED POWERS IS REQUIRED TO AGREE TO DISCLOSE IN A TIMELY MANNER ANY POTENTIAL "FINANCIAL INTEREST" THAT MAY LEAD TO BECOMING AN INTERESTED PERSON. IF THE BOARD OF DIRECTORS, CONFLICT OF INTERESTS COMMITTEE OR SPECIAL INDEPENDENT COMMITTEE DETERMINES THAT THERE IS A CONFLICT OF INTEREST WITH RESPECT TO AN INTERESTED PERSON, THE FOLLOWING PROCEEDURES ARE FOLLOWED: -THE INTERESTED PERSON IS REQUIRED TO LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN A CONFLICT OF INTEREST; AND - THE BOARD OF DIRECTORS WILL TAKE APPROPRIATE DISCIPLINARY ACTION WITH RESPECT TO AN INTERESTED PERSON WHO VIOLATES THE CONFLICTS OF INTEREST POLICY.
IRS990ScheduleO/GeneralExplanation/Explanation4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation5FORM 990, PART VI, SECTION B, LINE 15A: THERE WAS NO REVIEW OR CHANGE IN COMPENSATION PRACTICES IN 2011. HOWEVER, IN PRIOR YEARS, STUDIES WERE PERFORMED BY AN OUTSIDE CONSULTANT THAT WERE USED AS A GUIDE, IN ADDITION TO THE FUND'S OWN HUMAN RESOURCES POLICIES AND PROCEDURES.
IRS990ScheduleO/GeneralExplanation/Explanation6FAIR VALUE ADJUSTMENT ON INVESTMENTS -17,529,305. UNREALIZED FOREIGN EXCHANGE GAIN -22,425. ROUNDING 1. TOTAL TO FORM 990, PART XI, LINE 5: -17,551,729.
IRS990ScheduleO/GeneralExplanation/Explanation7PART VII, SECTION B; PART IX, LINE 11F; AND PART X, LINES 15, 17 AND 27 HAVE BEEN AMENDED TO REFLECT THE MOST CURRENT AND ACCURATE INFORMATION. IN ADDITION, PART III AND SCHEDULE D HAVE BEEN UPDATED TO REFLECT THESE CHANGES.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/Identifier1CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION A, LINE 5
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART XI, LINE 5:
IRS990ScheduleO/GeneralExplanation/ReturnReference6AMENDED RETURN
IRS990/ScheduleORequired01
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/AddressLine1035 ETHIOPIA CRESCENTOYSTERBAY AREA
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/AddressLine11MBEZI BEACH INDUSTRIAL AREA PLOT N
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/AddressLine12ARUSHA/MOSHI ROAD
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/AddressLine13PLOT NUMBER NY523
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/City0DAR ES SALAAM
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/City1DAR ES SALAAM
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/City2ARUSHA
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/City3NYAMBADWE, BLANTYRE
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/Country0TZ
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/Country1TZ
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/Country2TZ
IRS990ScheduleR/Form990ScheduleRPartIV/AddressForeign/Country3MI
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityName/BusinessNameLine10SAEDF
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityName/BusinessNameLine11SAEDF
IRS990ScheduleR/Form990ScheduleRPartIV/DirectControllingEntityName/BusinessNameLine12SAEDF

Document Assets

No mirrored PDF or thumbnail assets are attached yet.