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Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| One Acre Fund | IRS Form 990 | 20-3668110 |
| One Acre Fund and Subsidiaries | Consolidated Audited Financial Statements | Multiple |
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Entity: One Acre Fund Document Type: IRS Form 990 Tax ID: 20-3668110 |
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Entity: One Acre Fund and Subsidiaries Document Type: Consolidated Audited Financial Statements Tax ID: Multiple |
Governance & Transparency
CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Anthony Kalm | President | $272,020 |
| 2 | Matthew Forti | Managing Director, U.S. Operations | $207,228 |
| 3 | Stephanie Hanson | Senior VP, Policy & Partnerships | $183,544 |
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1 Name: Anthony Kalm Title: President Compensation: $272,020 |
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2 Name: Matthew Forti Title: Managing Director, U.S. Operations Compensation: $207,228 |
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3 Name: Stephanie Hanson Title: Senior VP, Policy & Partnerships Compensation: $183,544 |
Analysts' Notes
CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
| CharityWatch's rating of One Acre Fund includes the financial activities of its U.S. entity based in Illinois. The rating also includes the financial activities of the One Acre Fund subsidiaries that are consolidated in its audited financial statements for the fiscal year-ended December 31, 2017. These subsidiaries include: One Acre Stichting (Netherlands); One Acre UK Limited (United Kingdom); One Acre Uganda, Ltd.; One Acre Fund, a trust/charity in Malawi; and One Acre Fund Limited (Myanmar). All significant intercompany transactions are eliminated in the audit consolidation. |
| According to the One Acre Fund consolidated audit of December 31, 2017 (Note 6, In-Kind Donations), the Organization received donated professional services in 2017 on which it placed a value of $604,493. [Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.] |
| According to the One Acre Fund consolidated audit of December 31, 2017 (Note 14, Concentration of Foreign Operations Risk): "Contributions are raised globally, with a majority within the U.S. The nature of the Organization's program activities is to supply agricultural inputs, training, and credit in foreign countries. While foreign operations risk is somewhat diversified across countries, and is actively managed by the Organization, it remains reasonably possible that operations outside the U.S. could be disrupted due to political, economic, or natural events, impacting the normal functioning of these programs. As of December 31, 2017...the Organization has assets outside the U.S. with a carrying value of $50,003,352...primarily across four countries in East Africa, with the largest concentration in Kenya, which contains $18,894,527...of the Organization's assets as of December 31, 2017..." |
| According to the One Acre Fund consolidated audit of December 31, 2017 (Note 18, Related Party Transactions): "There is a Board member who is a related party of a vendor of the Organization. Management believes this transaction was developed at arm's length and all amounts paid to this vendor are at fair market value. "The Organization grants permanent staff and staff members on fixed term contracts of more than twelve months in good standing the ability to take out a cash loan, salary advance or non-cash loans of input or equipment. Management believes these transactions are conducted at arm's length." According to the One Acre Fund (OAF) 2017 tax filing, OAF reports re: Business Transactions Involving Interested Persons, a transaction in the amount of $87,699 involving James Mwangi, Board member (IRS Form 990, Schedule L, Part IV). The transaction is described as follows: "Board member James Mwangi is a partner at Dalberg Advisors. Dalberg Advisors has been retained to conduct a strategic review of One Acre Fund. Dalberg Advisors was retained through a competitive process of evaluating proposals from multiple organizations...James Mwangi was involved in neither the preparation of the proposal nor the selection of Dalberg Advisors" (IRS Form 990, Schedule L, Part V). |