Iringa Hope
- Assets
- $105.9k
- Revenue
- $101.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Paul, MN
- Founding
- 10/2011
- Data as of
- 12/2022
- EIN
- 27-4496193
Organization Overview
Iringa Hope is located in Saint Paul, MN. The organization was established in 2011. According to its NTEE Classification (K12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Iringa Hope 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, Iringa Hope generated $101.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $103.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE LOCAL ECONOMY AND LIVING CONDITIONS FOR FAMILIES IN TANZANIA AFRICA THROUGH VILLAGE MICRO-FINANCE FUNDS AND AGRICULTURAL COOPERATIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IRINGA HOPE JOINT SACCOS: THIS IS A SACCOS WHOSE MEMBERS ARE REGISTERED VILLAGE SACCOS SAVINGS AND CREDIT COOPERATIVE SOCIETIES UNDER TANZANIAN LAW. THIS ACTS LIKE A MICRO-FINANCE BANK SUPPORTING THE NETWORK OF IRINGA HOPE VILLAGE SACCOS. ANNUAL LOANS AUGMENT THE VILLAGE SACCOS CAPITAL TO ENABLE MAKING MORE LOANS TO THEIR MEMBERS. INTEREST IS CHARGED WHICH PROVIDES THE JOINT SACCOS WITH INCOME PART OF WHICH IS USED TO SUPPORT THE OPERATING COSTS OF THE IRINGA HOPE MFI INSTITUTE LIMITED. THERE ARE NOW 38 VILLAGE SACCOS MEMBERS REGISTERED IN THE JOINT SACCOS.
DEVELOP VILLAGE SACCOS: IRINGA HOPE MAKES FUNDS AVAILABLE TO THE IRINGA HOPE MFI INSTITUTE LIMITED TO GIVE GRANTS TO NEW AND EXISTING VILLAGE SACCOS TO BRING UP THEIR PAID-IN CAPITAL SO THEY ARE ABLE TO MAKE MORE LOANS TO MEMBERS. FUNDS PROVIDED BY IRINGA HOPE ARE NOT ALWAYS USED IN THE YEAR THE GRANT IS MADE. 38 VILLAGE FUNDS ARE NOW OPERATIONAL AND REGISTERED.
IN 2022 IRINGA HOPE GAVE A GRANT FOR FIT-UP EXPENSES FOR A 20,000+ SQUARE FOOT MARKET CENTER IN IRINGA TANZANIA. THE MARKET CENTER PROVIDES STORAGE FOR BULK SALES OF CROPS GATHERING SPACE FOR LARGE TRAINING AND EDUCATION SESSIONS SPACE FOR A TRADING OPERATION SOIL AND CROP ANALYSIS OPERATIONS ALONG WITH AREA FOR FUTURE EXPANSION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norm Siekman President | OfficerTrustee | 20 | $0 |
Dr Kent Olson Vice President | OfficerTrustee | 2 | $0 |
Caryn Josephson Vice President | OfficerTrustee | 2 | $0 |
Dean Hoffrogge Treasurer | OfficerTrustee | 5 | $0 |
Dr Thomas Hendrickson Director | Trustee | 20 | $0 |
Sally Harris Director | 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 | $95,820 |
| Noncash contributions included in lines 1a–1f | $1,040 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $95,820 |
| Total Program Service Revenue | $5,000 |
| Investment income | $578 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $101,360 |
| 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 | $99,000 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,578 |
| Office expenses | $1,307 |
| Information technology | $457 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $103,038 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,228 |
| Savings and temporary cash investments | $62,678 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $105,906 |
| 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 | $0 |
| 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 | $105,906 |
| Total liabilities and net assets/fund balances | $105,906 |