Microfinance Empowerment Foundation Inc
- Assets
- $47.0k
- Revenue
- $20.1k
- Investments
- $35.5k
- Employees
- 0
- Location
- St Petersburg, FL
- Founding
- 01/1980
- Data as of
- 06/2022
- EIN
- 36-2944336
Organization Overview
Microfinance Empowerment Foundation Inc is located in St Petersburg, FL. The organization was established in 1980. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Microfinance Empowerment Foundation 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 06/2022, Microfinance Empowerment Foundation Inc generated $20.1k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 65.6% each year . All expenses for the organization totaled $45.3k during the year ending 06/2022. While expenses have increased by 73.1% per year over the past 5 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.
Since 2020, Microfinance Empowerment Foundation Inc has awarded 11 individual grants totaling $195,064. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter D Verbeeck President | 10 | $0 | |
Carl W Treleaven Secretary/treasurer | 10 | $0 | |
James V Louttit Director | 5 | $0 | |
Nancy Barbee Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18,314 |
| Interest on Savings | $0 |
| Dividends & Interest | $839 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $962 |
| Capital Gain Net Income | $962 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $20,115 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $6,114 |
| Contributions, gifts, grants paid | $39,150 |
| Total expenses and disbursements | $45,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,479 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $47,015 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Microfinance Empowerment Foundation Inc has awarded $44,150 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY CLUB OF KUMASI PURPOSE: SAWUA SCHOOL CONSTRUCTION PROJECT | $20,100 |
LITTLE DROPS VENTURES PURPOSE: GHANA CHURCH CONTRUCTION PROJECT | $12,050 |
ROTARY CLUB OF SUNYANI CENTRAL PURPOSE: BOOKS TO GHANA PROJECT | $8,000 |
ROTARY FOUNDATION PURPOSE: SCHOLARSHIPS | $4,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Microfinance Empowerment Foundation Inc has recieved totaling $73,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $67,000 |
Community Foundation Of Tampa Bay Inc Tampa, FL PURPOSE: SUPPORT OF MISSION | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Ds Foundation Miami, FL | $183,651,055 | $1,385,395 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Altec-Styslinger Foundation Inc Birmingham, AL | $128,305,509 | $25,360,360 |
Elizabeth Morse Genius Foundation Winter Park, FL | $145,557,522 | $11,233,005 |
Daniel Foundation Of Alabama Birmingham, AL | $125,925,900 | $11,135,386 |
Daniel E Offutt Iii Charitable Tr Sarasota, FL | $1,076,359 | $6,500,161 |
BBVA Foundation Birmingham, AL | $0 | $7,925,433 |
E G Watkins Family Foundation West Palm Beach, FL | $3,784,813 | $11,500,184 |
The Anita James Rosen Foundation Inc St Petersburg, FL | $5,834,282 | $31,742 |
Peterffy Foundation West Palm Beach, FL | $132,920,946 | $11,657,366 |