Ecumenical Development Corporation Usa
- Assets
- $0.0
- Revenue
- $969.1k
- Investments
- $0.0
- Employees
- 3
- Location
- North Port, FL
- Founding
- Data as of
- 12/2016
- EIN
- 36-3697513
Organization Overview
Ecumenical Development Corporation Usa, operating under the name Oikocredit Usa, is located in North Port, FL. As of 12/2016, Oikocredit USA employed 3 individuals. Oikocredit USA 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 12/2016, Oikocredit USA generated $969.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $980.1k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (9.8%) per year over the past 2 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO MOBILIZE FINANCIAL CREDIT AND RESOURCES TO PROMOTE ECONOMIC GROWTH, SOCIAL JUSTICE AND SELF-RELIANCE AMONG THE POOR IN DEVELOPING COUNTRIES AND EDUCATES THE POOR ABOUT THE SUCCESSFUL OPERATION OF BUSINESS ENTERPRISES IN AN EFFORT TO PREVENT ECONOMIC INJUSTICE AND TO PROMOTE SELF-RELIANCE AND SOCIAL WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL INVESTMENT PROGRAM: ALL RESPONSIBILITIES RELATED TO MANAGING INVESTOR RELATIONS INCLUDING THE PROCESSING OF INVESTMENTS AND MANAGING INVESTOR COMMUNICATIONS. THIS ALSO INCLUDES LEGAL COMPLIANCE TASKS REQUIRED TO MAKE OIKOCREDIT USA'S SOCIAL INVESTMENT PRODUCTS AVAILABLE IN THE US.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharlene Brown National Director | Officer | 40 | $152,066 |
Susan Gottshall Secretary | OfficerTrustee | 1 | $0 |
Paul Neuhauser Treasurer | OfficerTrustee | 1 | $0 |
Sr Corinne Florek Op Vice Chairperson | OfficerTrustee | 1 | $0 |
Gary Cook Chairperson | OfficerTrustee | 1 | $0 |
Cheryl Smith Chair, Nominating Committee | Trustee | 1 | $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 | $322,598 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,598 |
| Total Program Service Revenue | $622,229 |
| Investment income | $23,299 |
| 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 | $969,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $153,296 |
| Compensation of current officers, directors, key employees. | $21,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,079 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,216 |
| Fees for services: Accounting | $33,500 |
| 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 | $75,396 |
| Information technology | $714 |
| Royalties | $0 |
| Occupancy | $7,676 |
| Travel | $2,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,802 |
| Interest | $502,231 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,024 |
| All other expenses | $0 |
| Total functional expenses | $980,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
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