The Small-Scale Sustainable Infrastructure Development Fund In
- Assets
- $1.6m
- Revenue
- $1.2m
- Investments
- $110.0k
- Employees
- 6
- Location
- Cambridge, MA
- Founding
- 04/2003
- Data as of
- 06/2022
- EIN
- 04-3582215
Organization Overview
The Small-Scale Sustainable Infrastructure Development Fund In is located in Cambridge, MA. The organization was established in 2003. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Small-Scale Sustainable Infrastructure Development Fund In employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Small-Scale Sustainable Infrastructure Development Fund In is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Small-Scale Sustainable Infrastructure Development Fund In generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $413.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACHIEVE POVERTY ALLEVIATION AND ECONOMIC DEVELOPMENT, S3IDF STRENGHTENS SMALL-SCALE ENTERPRISES AND INVEST IN HIGH IMPACT EARLY-STAGE BUSINESSES TO IMPROVE LIVESS AND LIVELIHOODS IN UNDERSERVED COMMUNITIES. THROUGH FINANCING AND TECHNICAL AND BUSINESSES ASSISTANCE, S3IDF WORKS TO IMPROVE OPPORTUNITIES FOR LOW-INCOME WORKERS, ADDRESS GENDER INEQUITIES, AND GENERATE ENVIRONMENTAL BENEFITS IN THE AGRICULTURE, WASTE/SANITATION, CLEAN ENERGY AND OTHER SECTORS. TO DISSEMINATE AND IMPLEMENT ITS WORK, S3IDF ALSO WORKS CLOSELY WITH NON- GOVERNMENTAL COMMUNITY AND NON-PROFIT ORGANIZATIONS. IT SHARES ITS TRADEMARKED "SOCIAL MERCHANT BANK APPROACH" TO IMPROVE THE PRO-POOR EFFECTIVENESS OF PROJECTS AND PROGRAMS IMPLEMENTED BY INTERNATIONAL AND LOCAL DEVELOPMENT AGENCIES AS WELL AS THE IMPACT INVESTING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES TECHNOLOGICAL BUSINESS DEVELOPMENT AND FINANCING ASSISTANCE TO NONGOVERNMENTAL PRIVATE, COMMUNITY AND NONPROFIT ORGANIZATIONS IN DEVELOPING COUNTRIES TO PROVIDE INFRASTRUCTURE SERVICES FOR POVERTY ALLEVIATION AND ECONOMIC DEVELOPMENT.
TO DISSEMINATE THE SOCIAL MERCHANT BANK APPROACH BY USING THE LESSONS DERIVED FROM SMALL SCALE'S TRANSPARENT MONITORING AND EVALUATION WORK TO ACHIEVE A MUCH BROADER IMPACT BY ENCOURAGING ORGANIZATIONS TO ADPOT A SIMILAR APPROACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Brenner Clerk | OfficerTrustee | 5 | $0 |
Somak Ghosh Director | Trustee | 1 | $0 |
Michael Lesser Treasurer | OfficerTrustee | 20 | $0 |
Marco Palmieri Director | Trustee | 1 | $0 |
Scott Sklar Director | Trustee | 1 | $0 |
Russell J Delucia President | OfficerTrustee | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,139,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,430 |
| Total Program Service Revenue | $0 |
| Investment income | $6,266 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,152,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $140,013 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $150,907 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,254 |
| Payroll taxes | $18,943 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $833 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,200 |
| Advertising and promotion | $0 |
| Office expenses | $16,991 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,746 |
| Travel | $625 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,042 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $19 |
| Total functional expenses | $413,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,667 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,380 |
| Investments—publicly traded securities | $810,444 |
| Investments—other securities | $110,000 |
| Investments—program-related | $0 |
| Intangible assets | $8,376 |
| Other assets | $0 |
| Total assets | $1,618,867 |
| Accounts payable and accrued expenses | $9,622 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,977 |
| Total liabilities | $13,599 |
| Net assets without donor restrictions | $1,605,268 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,618,867 |