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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karae Lisle Board Chair | Officer | 8 | $0 |
Melody Hart Treasurer | Officer | 2.5 | $0 |
Ruth Alvarez-Degolia Executive Director | Officer | 40 | $0 |
Mark Swedlund Board Of Directors | Trustee | 2.5 | $0 |
Megan Taylor Collins Board Of Directors | Trustee | 2.5 | $0 |
Marta Bezoari Board Of Directors | Trustee | 2.5 | $0 |
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 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $642,157 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
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 | $4,344 |
Insurance | $0 |
All other expenses | $3,529 |
Total functional expenses | $1,265,722 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $63,544 |
Savings and temporary cash investments | $32,653 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $115,766 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $187,794 |
Prepaid expenses and deferred charges | $4,010 |
Net Land, buildings, and equipment | $11,203 |
Investments—publicly traded securities | $69 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $1,858 |
Other assets | $0 |
Total assets | $416,897 |
Accounts payable and accrued expenses | $118,610 |
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 | $152,265 |
Unsecured mortgages and notes payable | $48,671 |
Other liabilities | $0 |
Total liabilities | $319,546 |
Net assets without donor restrictions | $97,351 |
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 | $416,897 |
Over the last fiscal year, we have identified 13 grants that Mercado Global Inc has recieved totaling $123,334.
Awarding Organization | Amount |
---|---|
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 |
Organization Name | Assets | Revenue |
---|---|---|
Trustees Of Robert College Of Istanbul New York, NY | $10,685,892 | $20,101,446 |
American School In London Foundation Princeton, NJ | $2,370,011 | $19,085,987 |
American Community School At Beirut -Lebanon New York, NY | $38,176,805 | $18,283,695 |
Global Hunger Project New York, NY | $18,451,641 | $18,515,873 |
Buildon Inc Stamford, CT | $19,130,694 | $16,459,828 |
Womens World Banking Inc New York, NY | $45,990,561 | $24,725,214 |
Innovation Africa New York, NY | $6,054,720 | $16,340,258 |
Near East Foundation Syracuse, NY | $16,218,674 | $15,526,282 |
Amref Health Africa Inc New York, NY | $11,305,543 | $22,534,673 |
International Schools Services Inc Princeton, NJ | $22,409,212 | $13,743,105 |
British Schools And Universities Foundation Inc New York, NY | $4,352,409 | $13,471,425 |
Istanbul International Community School Inc Princeton, NJ | $19,037,423 | $13,733,005 |