Mercado Global Inc

Organization Overview

Mercado Global Inc is located in Brooklyn, NY. The organization was established in 2005. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2021, Mercado Global Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercado Global Inc 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 06/2021, Mercado Global Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FAIR WAGE EMPLOYMENT TO LOCAL WOMEN AND FUNDING OF EDUCATIONAL PROJECTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

ECONOMIC EMPOWERMENT PROGRAMOUR ECONOMIC EMPOWERMENT PROGRAM PROVIDES FAIR WAGE EMPLOYMENT TO OVER 300 INDIGENOUS WOMEN IN GUATEMALA BY CONNECTING THEIR ARTISAN COOPERATIVES WITH SALES OPPORTUNITIES AT MAJOR U. S. COMPANIES. WE EDUCATE WOMEN ARTISANS ON RUNNING COMMUNITY BUSINESSES INCLUDING FAIR TRADE WAGES AND RULES, FILING TAXES, CALCULATING COSTS, AND OPENING BANK ACCOUNTS. WE THEN SET UP SALES ORDERS WITH MAJOR INTERNATIONAL RETAILERS SO THE ARTISANS CAN IMMEDIATELY BEGIN EARNING AN INCOME. ADDITIONALLY, WE PROVIDE TOOLS SUCH AS FLOOR LOOMS AND SEWING MACHINES THROUGH DONOR-FUNDED MICROLOANS, AND TEACH WOMEN HOW TO USE THESE ADVANCED TOOLS IN TECHNICAL TRAINING SESSIONS.


WOMEN'S LEADERSHIP & WELL BEING EMPOWERMENT PROGRAMIN CONJUNCTION WITH OUR ECONOMIC EMPOWERMENT PROGRAM, OUR COMMUNITY-BASED TRAINING PROGRAM BUILDS LEADERSHIP SKILLS, GOAL-SETTING, SELF-ESTEEM, AND CONFLICT RESOLUTION SKILLS AMONG PARTNER ARTISANS. AN IN-HOUSE TRAINING COORDINATOR HOLDS RECURRING CLASSES ON THESE SUBJECTS AND MAKES TOPICS ACCESSIBLE FOR WOMEN WITH VERY LOW LITERACY LEVELS WHO ARE LEARNING TO NAVIGATE BUSINESS-OWNERSHIP FOR THE FIRST TIME.


COMMUNITY PARTNERSHIP PROGRAMWE SEEK TO BUILD MUTUAL UNDERSTANDING AND FACILITATE CULTURAL EXCHANGE BETWEEN ARTISAN COMMUNITIES IN GUATEMALA AND OUR SUPPORTER COMMUNITIES IN THE UNITED STATES. THROUGH THE COMMUNITY PARTNERSHIP PROGRAM, INDIVIDUALS FROM THE U.S. VISIT COMMUNITIES IN GUATEMALA TO SEE THE IMPACT OF THEIR SUPPORT. LIKEWISE, OUR CURRENT AND PAST STAFF, VOLUNTEERS AND SUPPORTERS ACT AS FAIR TRADE AMBASSADORS WITHIN THEIR COMMUNITIES IN THE U.S. THROUGH SPEAKING ENGAGEMENTS, COMMUNITY EVENTS AND OTHER AWARENESS-RAISING FUNCTIONS.


DESIGN A DIFFERENCE PROGRAMAS PIONEERS IN THE SUSTAINABLE-SOURCING MOVEMENT WITHIN THE FASHION INDUSTRY, WE EDUCATE LEADING U.S.-BASED DESIGNERS ABOUT RESPONSIBLE SOURCING THROUGH OUR DESIGN A DIFFERENCE PROGRAM. DESIGNERS FROM MAJOR U.S. FASHION HOUSES COME TO OUR GUATEMALAN OFFICE TO WORK ALONGSIDE OUR ARTISANS AND LEARN ABOUT THE IMPACT THAT SUSTAINABLE PRODUCTION HAS IN THESE COMMUNITIES. IN TURN, THE DESIGNERS EXTEND THEIR EXPERTISE IN PRODUCT DESIGN AND DEVELOPMENT DIRECTLY TO OUR ARTISANS. UPON RETURNING TO THE U.S., THESE DESIGNERS ARE THEN ABLE TO SHARE THEIR KNOWLEDGE AND ADOPT SUSTAINABLE PRACTICES WITHIN THEIR COMPANIES. IN THIS WAY WE ARE REACHING THE PEOPLE AND INSTITUTIONS ON THE CUTTING EDGE OF INDUSTRY WITH FIRST-HAND EXPERIENCE EMPOWERING COMMUNITIES THROUGH RESPONSIBLE SOURCING.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $131,380
All other contributions, gifts, grants, and similar amounts not included above$576,698
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$708,078
Total Program Service Revenue$635,146
Investment income $1,716
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 $1,344,940

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Mercado Global Inc has recieved totaling $123,334.

Awarding OrganizationAmount
Schwab Charitable Fund

San Francisco, CA

PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS

$38,200
Unbound Philanthropy

New York, NY

PURPOSE: FOR SUPPORT OF THE #MASKS4MIGRANTS PROJECT, WHICH PROVIDES REUSABLE MASKS MADE BY GUATEMALAN ARTISANS TO PROTECT MIGRANTS AT THE US-MEXICO BORDER FROM COVID-19 TRANSMISSION

$25,000
Hands On Tzedakah Inc

Boca Raton, FL

PURPOSE: PROGRAM ASSISTANCE

$13,918
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: International Development

$10,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$9,996
Clif Bar Family Foundation

Saint Helena, CA

PURPOSE: GENERAL SUPPORT

$7,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or