Enterprise Development

Financial Report

Revenues By Geographic Region

Sub-Saharan Africa [ 47% ] Middle East & North Africa [ 21% ]

Latin America & Caribbean [ 16% ]

Global [ 1% ] Asia [ 11% ] Europe & Central Asia [ 4% ]

ACDI/VOCA and U.S. Affiliates Consolidated Statements of Activities

rEVENUES Contracts and grants In-kind support Income from affiliated financial institutions1

Contributions

$ 158,996,759 10,250,127 (589,214) 55,923 Interest income and other income 100,633 Total revenues $ 168,814,228

EXPENSES Overseas program

$ 144,070,679 General and administrative 23,814,957 Total expenses $ 167,885,636

NET ASSETS Unrestricted, beginning of year $ 5,758,547 Unrestricted, end of year2 7,276,353 Temporarily restricted, beginning of year 27,099,427 Temporarily restricted, end of year1 $ 26,598,015

1. Includes ARFC, Arvand, Frontiers and KredAqro 2. Includes ACDI/VOCA and ASI

We were founded to do grassroots development, and building local capacity is in our DNA.

Over 90 percent of our staff is local to the countries where we operate, and in 2011 we spent 85 percent of our funding and support on program expenses.

We work with over 3,000 local partner institutions, including farmer-based organizations, civil society organizations, NGOs and other stakeholder groups, as well as governmental entities, private sector firms and financial institutions.

We are deeply grateful to these local partners and to our funders, the U.S. Agency for International Development, the U.S. Department of Agriculture, the Millennium Challenge Corporation, the UN Development Program, the World Bank, the Bill & Melinda Gates Foundation, the governments of Colombia and Ecuador, private sector and industry entities such as Mars, Inc., Ristokcacao, Transmar Group and the World Cocoa Foundation, ACDI/VOCA member cooperatives and farm credit banks, individuals, and others.

“ACDI/VOCA is not only your organization, it is ours too.” — Provincial Council chairman, northern Iraq {

PHOTOGRAPHY: FRONT COVER: Bottom Left Photo: David Snyder INSIDE COVER: Man In Suit: David Snyder PAGE 13: David Snyder ALL OTHER PHOTOGRAPHY © ACDI/VOCA photo files EDITOR: Kristin Witting DESIGN: katetallentdesign.com We engaged a printer for the production of this report that is 100 percent wind powered and certified by the Forest Stewardship Council. Seven trees preserved for the future

3,185 gallons wastewater flow saved

352 lbs. solid waste not generated

694 lbs. net greenhouse gases prevented

5,310,375 BTUs energy not consumed

ACDI/VOCA’s vision is a world in which people are empowered to succeed in the global economy.

50 F Street, NW / Suite 1075 / Washington, DC 20001 T: +1 202 469 6000 / F: +1 202 469 6257 www.acdivoca.org