Eha Impact Ventures Inc

aka EHA IMPACT VENTURES LTD   |   Wilmington, DE   |
GuideStar Charity Check

Eha Impact Ventures Inc

EIN: 86-2911430


eha Impact Ventures is a philanthropic impact investing enterprise that supports early stage, high-impact, women led businesses in Africa. Unlike traditional business financing, we offer flexible and innovative financing paired with high-quality, local, shared business resources to ensure business growth and success.

Ruling year info



Evelyn Castle

Co Principal Officer

Adam Thompson

Main address

1209 N Orange St

Wilmington, DE 19801 USA

Show more contact info



Subject area info


Venture philanthropy

Investment services

Women's rights

International economics and trade

Population served info


Self-employed people

NTEE code info

International Economic Development (Q32)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990


What we aim to solve

SOURCE: Self-reported by organization

Data shows that women makeup 58% of the self-employed population yet in 2021, female founders received less than 1% of total funding to African startups. However, women founders consistently outperform their male counterparts by generating a 35% higher return on investment. This funding inequality is one of the greatest impediments to development in Africa. At eha Impact Ventures, we don’t just support women-owned businesses, we support female led companies contributing their quota to bettering the lives of thousands of people. Our work serves as a lifeline to women led companies that are traditionally considered high-risk thereby finding conventional funding corridors closed to them. There is no limit to what these companies can achieve if given access to funding to establish, grow or scale their businesses.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Daya Fund

The Daya Fund aims to raise $100,000 to invest in 3-5 women founded companies. This like all our projects is sector agnostic meaning there is no restriction on the types of businesses that can be funded as long as they meet all other stipulated criteria. In addition, the founders will be enrolled in our mentorship programme to assist them identify and solve the top 1-3 problem areas in their businesses. They will be paired with suitable mentors to achieve this.

Population(s) Served
Self-employed people

Where we work


Africa Impact leader 2022

Africa Venture Philanthropy Alliance

Affiliations & memberships

Member of Rising Tide Africa Network 2022

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Gender wage equity

This metric is no longer tracked.
Totals By Year
Population(s) Served

Women, Self-employed people

Type of Metric

Context - describing the issue we work on

Direction of Success


Context Notes

This is our custom added metric to measure the attainment of gender parity by our investee companies. The figures shared are in respect of Male and Female medical doctors. Wage parity was achieved.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Our major goals at eha Impact Ventures are:
1. Empowering Women Leaders
2. Supporting local enterprise
3. Being Leaders in the Impact Investment Community

We hope to accomplish
1. Empowering Women Leaders, by;
a. Organizing a mentorship programme to assist our female founders in their top 1-3 identified challenge areas on their entrepreneurial journeys. This Programme also aims to assist make them investment ready.
b. Supporting selected founders to attend leadership trainings which will better equip them with relevant skills.
c. Partner with relevant feminist organizations dedicated to building tomorrow's leaders

2. Supporting local enterprise by;
a. Raising $300k dollars in funding to be invested in women founded companies by direct investment
b. Facilitating funding for female founders by partnering with grant making groups and assisting in the development of grant applications.
c. Assisting with relevant non-monetary support by curating a catalogue of business resources to support start-ups

3. Being Leaders in the Impact Investment Community by;
a. Producing high-quality impact reports on all resources utilized and activities undertaken
b. Developing relevant impact metrics for the women founded companies
c. Becoming a Board Member of recognized impact investment group.
d. Collaborating with Women owned Business Impact Groups

We measure our progress by our goals:
1. Empowering Women Leaders
a. Mentorship programme successfully developed.
b. We have developed partnerships with several relevant feminist/women-focused organizations.

2. Supporting local enterprise
a. We have raised over $5million in funding.
b. We have invested over $3million in women founded companies .We are currently raising $100,000 to be invested in 3-5 women owned companies
c. Successfully facilitated a DAF grant to one of our investee companies
d. Development of our business resources/ catalogue is underway

3. Being Leaders in the Impact Investment Community
a. Our 2022 Annual Impact Report was featured by GIIN
b. We developed relevant impact metrics for each of our investee companies. The metrics were based on the IRIS classification.
c. We have partnered with several Impact Investing groups including the Global Impact Investing Network(GIIN), Impact Investors Foundation(IIF) and Impact Investing Ghana.
d. We also collaborate with several women business impact focused groups .

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback


Eha Impact Ventures Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021 info

SOURCE: IRS Form 990


Average of 0.00 over 1 years

Months of cash in 2021 info

SOURCE: IRS Form 990


Average of 11559.2 over 1 years

Fringe rate in 2021 info

SOURCE: IRS Form 990


Average of 0% over 1 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Eha Impact Ventures Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Eha Impact Ventures Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Eha Impact Ventures Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Eha Impact Ventures Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2021
Unrestricted surplus (deficit) before depreciation $4,580,381
As % of expenses 87395.2%
Unrestricted surplus (deficit) after depreciation $4,580,381
As % of expenses 87395.2%
Revenue composition info
Total revenue (unrestricted & restricted) $4,585,622
Total revenue, % change over prior year 0.0%
Program services revenue 0.0%
Membership dues 0.0%
Investment income 0.5%
Government grants 0.0%
All other grants and contributions 99.0%
Other revenue 0.5%
Expense composition info
Total expenses before depreciation $5,241
Total expenses, % change over prior year 0.0%
Personnel 0.0%
Professional fees 100.0%
Occupancy 0.0%
Interest 0.0%
Pass-through 0.0%
All other expenses 0.0%
Full cost components (estimated) info 2021
Total expenses (after depreciation) $5,241
One month of savings $437
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $5,678

Capital structure indicators

Liquidity info 2021
Months of cash 11559.2
Months of cash and investments 11559.2
Months of estimated liquid unrestricted net assets 10487.4
Balance sheet composition info 2021
Cash $5,048,487
Investments $0
Receivables $0
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 0.0%
Unrestricted net assets $4,580,381
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $468,106
Total net assets $5,048,487

Key data checks

Key data checks info 2021
Material data errors No


The people, governance practices, and partners that make the organization tick.

Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization


Evelyn Castle

Evelyn Castle is a pioneering health executive and impact investor. After spending a decade working in the health sector in Africa, she is now committed to building Africa’s impact investing ecosystem, with the specific goal of supporting female-owned SMEs. She co-founded 3 social ventures; eHealth Africa, EHA Clinics, and eha Impact Ventures alongside business partner Adam Thompson. The pair began eHealth Africa; a company that utilizes data driven solutions in the building of stronger health systems in Africa, in 2010. In 2018, they entered the private healthcare industry establishing EHA Clinics, a network of primary health care providers, with the goal to become the premier healthcare provider in Nigeria. Evelyn & Adam started eha Impact Ventures in 2021. Their over decade long experience in the African ecosystem led them to the realization that supporting the local economy & business ecosystem is a more sustainable solution to achieving lasting change in the region.

Co Principal Officer

Adam Thompson

Adam Thompson is an Information System and Technology Management specialist with over a decade of experience in the African healthcare ecosystem, co-founding 3 social ventures; eHealth Africa, EHA Clinics, and eha Impact Ventures . Adam served as Executive Director in eHA from 2009 to 2021, during which time he provided executive management for the entire organization. He leveraged his expertise in global health and informatics to strategically innovate and lead eHA’s business development, research, private sector engagement, and health information technology initiatives. Furthermore, he also headed eHA’s country offices in Nigeria and eHA’s Global Health Informatics Teams. Prior to founding eHA, Adam served as the Associate Director for Programs and Instruction for the Global Information Internship Program at the University of Santa Cruz He currently serves as the CEO of EHA Clinics, the second social venture co-founded by him.

Number of employees

Source: IRS Form 990

Eha Impact Ventures Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Eha Impact Ventures Inc

Board of directors
as of 06/20/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Evelyn Castle

Adam Thompson

EHA Clinics

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 6/14/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity
Female, Not transgender (cisgender)
Disability status
Person without a disability

The organization's co-leader identifies as:

Race & ethnicity
Gender identity
Male, Not transgender (cisgender)
Disability status
Person without a disability

Race & ethnicity

Gender identity


Sexual orientation

No data


We do not display disability information for organizations with fewer than 15 staff.