Boulder Institute Of Microfinance
- Assets
- $1.5m
- Revenue
- $368.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Syracuse, NY
- Founding
- 04/2005
- Data as of
- 12/2021
- EIN
- 20-1175839
Organization Overview
Boulder Institute Of Microfinance is located in Syracuse, NY. The organization was established in 2005. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 12/2021, Boulder Institute Of Microfinance employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boulder Institute Of Microfinance 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 12/2021, Boulder Institute Of Microfinance generated $368.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (28.1%) each year. All expenses for the organization totaled $691.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION THROUGH CONDUCTING NATIONAL AND INTERNATIONAL TRAINING PROGRAMS OF THE FINANCIAL VALUE CHAIN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MICROFINANCE TECHNICAL TRAINING TO THE PRACTITIONERS OF THIS FIELD AROUND THE WORLD AND TO REDUCE POVERTY THROUGH MICROFINANCE TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Peck Christen President | OfficerTrustee | 25 | $155,000 |
Consuelo Munoz Araya Member | Trustee | 40 | $50,000 |
Sousan Urroz-Koroi Secretary | OfficerTrustee | 0.5 | $7,275 |
Zach Fuller Treasurer | OfficerTrustee | 0.5 | $6,000 |
Djibril Mbengue Member | Trustee | 0.5 | $0 |
Gerhard Coetzee Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,286 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $195,286 |
| Total Program Service Revenue | $147,900 |
| Investment income | $24,981 |
| 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 | $368,167 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,275 |
| Compensation of current officers, directors, key employees. | $88,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $61,329 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $49,374 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,566 |
| Advertising and promotion | $14,113 |
| Office expenses | $1,111 |
| Information technology | $11,075 |
| Royalties | $0 |
| Occupancy | $29,479 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,889 |
| Insurance | $5,799 |
| All other expenses | $0 |
| Total functional expenses | $691,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,858 |
| Savings and temporary cash investments | $1,389,081 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,950 |
| 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 | $3,802 |
| Net Land, buildings, and equipment | $1,952 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,909 |
| Total assets | $1,492,552 |
| Accounts payable and accrued expenses | $27,447 |
| Grants payable | $0 |
| Deferred revenue | $123,615 |
| 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 | $0 |
| Total liabilities | $151,062 |
| Net assets without donor restrictions | $1,341,490 |
| 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 | $1,492,552 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Boulder Institute Of Microfinance has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
New Venture Fund Washington, DC PURPOSE: INTERNATIONAL DEVELOPMENT AND FOREIGN AFFAIRS | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Relay Graduate School Of Education New York, NY | $56,720,403 | $55,978,916 |
William J Brennan Jr Center For Justice Inc New York, NY | $161,401,732 | $45,056,482 |
American Academy Of Dramatic Arts New York, NY | $82,489,294 | $25,967,106 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $133,610,587 | $20,470,730 |
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,635,445 | $9,536,252 |
International Institute For Restorative Practices Bethlehem, PA | $9,904,972 | $8,760,911 |
Urban College Of Boston A Two Year College Inc Boston, MA | $2,648,182 | $7,626,014 |