Eliminate Poverty Now Inc
- Assets
- $338.3k
- Revenue
- $502.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mendham, NJ
- Founding
- 02/2011
- Data as of
- 12/2022
- EIN
- 27-2121165
Organization Overview
Eliminate Poverty Now Inc is located in Mendham, NJ. The organization was established in 2011. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eliminate Poverty Now 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 12/2022, Eliminate Poverty Now Inc generated $502.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $320.4k during the year ending 12/2022. While expenses have increased by 8.5% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMPOWERING AFRICA'S EXTREME POOR, ESPECIALLY WOMEN & GIRLS, TO LIFT THEMSELVES OUT OF POVERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOV INSTITUTE THE DOV INSTITUTE WILL TRAIN THE TRAINERS TO TEACH CONCEPTS AND TECHNIQUES THAT DRAMATICALLY INCREASE INCOME. THE INSTITUTE WILL FEATURE A RIGOROUS, HANDS-ON TRAINING PROGRAM FOR TECHNICIANS WHICH WILL INCLUDE BEST PRACTICES IN HORTICULTURE,CREATIVE STRATEGIES TO MAXIMIZE INCOME, PRINCIPLES OF RUNNING EFFECTIVE FOR PROFIT COOPERATIVES AND TOOLS/TECHNIQUES TO TRANSFER KNOWLEDGE TO LARGELY ILLITERATE FARMERS. THE INSTITUTE WILL ALSO OFFER SEMINARS AND CONSULTING SERVICE TO FUNDERS AND PRACTITIONERS OF DEVELOPMENT PROJECTS. 2022 ACCOMPLISHMENTS: RECEIVED ACCREDITATION FROM THE NIGER GOVERNMENT DEVELOPED TECHNICIAN TRAINING CURRICULUM AND SUBMITTED IT TO THE MINISTRY OF HIGHER EDUCATION FOR REVIEW AND APPROVAL HELD THE OFFICIAL OPENING CEREMONY FOR THE DOV INSTITUTE, ATTENDED BY SENIOR GOVERNMENT OFFICIALS INITIATED DEVELOPMENT OF APPLICATIONS TO SUPPORT INSTITUTE OPERATIONS
LITTLE ROCK SCHOLARSHIP PROGRAM THE PROGRAM HAS ENABLED THE BRIGHTEST STUDENTS FROM KIBERA TO ATTEND KENYA'S TOP SECONDARY SCHOOLS AND PROVIDE THEM THE OPPORTUNITY TO CONTINUE THEIR STUDIES AT THE UNIVERSITY LEVEL. WE CONTINUE TO SUPPORT SCHOLARSHIP STUDENTS UNTIL THEY COMPLETE THEIR HIGH SCHOOL STUDIES. IN 2022 THAT REPRESENTED 24 STUDENTS IN THE 11TH AND 12TH GRADES. IN ADDITION, 8 STUDENTS GRADUATED HIGH SCHOOL AND 3 COMPLETED THEIR UNIVERSITY STUDIES. OUR FINAL COHORT OF STUDENTS GRADUATE HIGH SCHOOL IN 2023 AT WHICH POINT THE PROGRAM WILL BE CLOSED OUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John S Craig President | OfficerTrustee | 40 | $0 |
Peter Wentworth Vice Preside | OfficerTrustee | 1 | $0 |
Judith L Craig Treasurer | OfficerTrustee | 5 | $0 |
Elizabeth C Craig Secretary | OfficerTrustee | 1 | $0 |
Joanne Moore Board Member | Trustee | 2 | $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 | $502,152 |
| Noncash contributions included in lines 1a–1f | $42,989 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,152 |
| Total Program Service Revenue | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $502,171 |
| 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 | $251,831 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,656 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $497 |
| Advertising and promotion | $9,419 |
| Office expenses | $60 |
| Information technology | $36,232 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,838 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $149 |
| Total functional expenses | $320,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $325,011 |
| 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 | $0 |
| Investments—publicly traded securities | $13,294 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $338,305 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $338,305 |
| 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 | $338,305 |