SMALL ENTERPRISE ASSISTANCE FUNDS
1500 K STREET NW NO 375, WASHINGTON, DC 20005 seafweb.org

Total Revenue
$19,819,356
Total Expenses
$17,100,835
Net Assets
$8,194,278

Organizations Filed Purposes: SEAF'S MISSION IS IMPROVING LIVES AND COMMUNITIES THROUGH ENTREPRENEUR-LED DEVELOPMENT.

SEAF IS PRIMARILY ENGAGED AS A FUND MANAGER TO SUPPORT THE PROMOTION AND DEVELOPMENT OF SMALL AND MEDIUM-SIZE BUSINESSES IN DEVELOPING COUNTRIES.

CEED MOROCCO - TUNISIA - ON SEPTEMBER 24, 2012, SEAF SIGNED A COOPERATIVE AGREEMENT WITH USAID TO SUPPORT THE ESTABLISHMENT OF CEED CENTERS IN MOROCCO AND TUNISIA. THE CEED MOROCCO PORTION CONCLUDED IN SEPTEMBER 2015. CEED TUNISIA BEGAN RECRUITMENT OF ENTREPRENEURS FOR TRAININGS AND WORKSHOPS AND SELECTION AND AWARD OF SUB-GRANTS TO LOCAL BUSINESS ASSOCIATIONS.

INDIA AGRIBUSINESS FUND--SEAF INDIA AGRIBUSINESS INTERNATIONAL FUND (THE "INT'L FUND") WAS INCORPORATED ON 05 JUNE 2009 AND DOMICILED IN MAURITIUS. IN 2013, THE INTERNATIONAL FUND HAD ITS FINAL CLOSING WITH TOTAL COMMITMENTS OF $26,550,000 FROM SEVEN MEMBERS. THE INVESTMENT MANAGER OF THE INT'L FUND IS SEAF INVESTMENT MANAGEMENT COMPANY (SIMC), A PRIVATE COMPANY LIMITED BY SHARES INCORPORATED UNDER THE LAWS OF MAURITIUS ON JUNE 5, 2009 AND IS 100% OWNED BY SEAF. THE SEAF INDIA AGRIBUSINESS FUND (THE DOMESTIC FUND) IS STRUCTURED AS A SCHEME OF THE SEAF INDIA INVESTMENT TRUST, A CONTRIBUTORY TRUST UNDER THE PROVISIONS OF THE TRUSTS ACT, 1882, WHEREIN IL&FS TRUST COMPANY LIMITED, A COMPANY INCORPORATED UNDER THE COMPANIES ACT (1956), IS ACTING AS THE TRUSTEE OF THE TRUST. THE TRUSTEE HAS APPOINTED THE DOMESTIC FUND'S INVESTMENT MANAGER TO BE SEAF INDIA INVESTMENT ADVISORS PRIVATE LIMITED (IAC), AN INDIAN ENTITY ESTABLISHED BY SEAF.

THE SMALL ENTERPRISE ASSISTANCE FUNDS ON OCTOBER 1ST, 2019 WAS AWARDED A $999,966 GRANT FROM THE U.S DEPARTMENT OF STATE TO PROMOTE THE FINTECH SECTOR IN MOROCCO AND TUNISIA BY TRAINING THE NEXT GENERATION OF ENTREPRENEURS AND INNOVATORS. THE PROJECT IS A 3 YEAR PROGRAM WHICH INCLUDES FOUR OBJECTIVES: 1) MOROCCAN AND TUNISIAN START-UPS INCREASE THEIR EXPERTISE IN MANAGEMENT AND SCALING UP 2) MOROCCAN AND TUNISIAN START-UPS GAIN ACCESS TO MARKETS THROUGH MATCHMAKING AND PARTNERSHIPS WITH U.S MARKETS. 3) MOROCCAN AND TUNISIAN START-UPS GAIN ACCESS TO FUNDING AND INVESTORS BY ENGAGING THE U.S PRIVATE SECTOR AS WELL AS MENA PRIVATE CORPORATIONS AND INVESTORS TO POTENTIALLY ADDRESS AREAS FOR IMPROVEMENT TO ENHANCE THE POSITION OF MOROCCAN AND TUNISIAN FINTECH SECTORS FOR INVESTMENT 4) U.S AND LOCAL PRIVATE SECTORS GAIN ACCESS TO TALENT OF MOROCCAN AND TUNISIAN START-UPS USING ACADEMIC ALUMNI ASSOCIATIONS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Hubertus Van Der VaartCHAIRMAN40$735,827
Vipul MankadMANAGING DIRECTOR40$259,772
Donald LubreskiCHIEF FINANCIAL OFFICER40$243,030
David MathewsonPRESIDENT40$225,698
Robert WebsterMANAGING DIRECTOR40$188,377
Peter RighiCEED GLOBAL DIRECTOR40$157,325
Gary DodgeMANAGING DIRECTOR40$155,757
George ZhangMANAGING DIRECTOR40$147,156
Michael LevettDIRECTOR1$7,200
Javed HamidDIRECTOR1$6,900
Agnes DasewiczDIRECTOR1$5,900
Pierre FerrariDIRECTOR1$1,300

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202023149349303392_public.xml

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