Codespa America is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (Q33) the organization is classified as: International Relief, 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. Codespa America 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 12/2023, Codespa America generated $491.9k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $631.2k during the year ending 12/2023. While expenses have increased by 24.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ELEVATE PEOPLE FROM POVERTY TO PROSPERITY IN THE MOST UNDERSERVED REGIONS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING ENTREPRENEURSHIP, EMPLOYMENT, COMMUNITY SAVINGS AND CREDIT GROUPS TO PROVIDE ECONOMIC AND CAPITAL OPPORTUNITIES TO THE FAMILIES OF HUARAL - PERU, PHASE 2 $1 MILLIONDURING PHASE 2, THE PROJECT HAS BEEN ABLE TO GENERATE 2,500 JOBS FOR THE LOCAL COMMUNITIES. WE HAVE STRENGTHENED 289 BUSINESSES AND ACCELERATED THE CREATION OF 159 INNOVATIVE BUSINESSES, CREATING CLUSTERS OF BUSINESS NETWORKS TO CONNECT TO THE FORMAL MARKET. THE AVERAGE INCOME OF THE PROJECT PARTICIPANTS HAS GONE FROM $275 A MONTH TO $1,175 A MONTH. ABOUT 264 YOUNG ADULTS HAVE BEEN TRAINED AND CERTIFIED IN TECHNICAL SKILLS MAKING THEM GREAT CANDIDATES FOR LOCAL COMPANY POSITIONS. 194 YOUNG ADULTS HAVE BEEN EMPLOYED IN LOCAL COMPANIES THANKS TO THIS TRAINING. ADDITIONALLY, THERE ARE NOW 19 SAVINGS AND CREDITS GROUPS WITH 241 MEMBERS THAT HAVE GRANTED OVER 540 LOANS AND RAISED APPROXIMATELY $70,600 IN SHARED CAPITAL. THE PRODUCTS OF SOME OF THE ENTREPRENEURS CAN NOW BE PURCHASED THROUGH THE ONLINE STORE WWW.HUARALEMPRENDE.COM ENSURING ACCESS TO THE MARKET AND THE PROJECT'S LONG-TERM SUCCESS.
EMPOWERYOUTH NICARAGUA: FOSTERING EMPLOYMENT AND ENTREPRENEURSHIP OPPORTUNITIES FOR VULNERABLE YOUTH IN NICARAGUA. $39,999.00THE PROJECT AIMS TO REDUCE ECONOMIC INEQUALITY AND GENERATE INCOME BY PROMOTING EMPLOYMENT AND ECONOMIC ENTREPRENEURSHIP AMONG VULNERABLE YOUTH. WE FOCUS ON FACILITATING LABOR MARKET INTEGRATION FOR THE TARGET POPULATION, WHICH INCLUDES YOUNG INDIVIDUALS EXCLUDED FROM FORMAL EDUCATION, LACKING TRAINING, UNEMPLOYED, AND FACING RESOURCE CONSTRAINTS. SPECIAL EMPHASIS IS PLACED ON YOUNG WOMEN WHO ARE HEADS OF HOUSEHOLDS. THE SPECIFIC PROJECT OBJECTIVE IS TO PROMOTE EMPLOYMENT AND ENTREPRENEURSHIP FOR 120 VULNERABLE YOUNG PEOPLE (50% WOMEN) IN FIVE NICARAGUAN DEPARTMENTS BY ENHANCING THEIR JOB SKILLS AND ENTREPRENEURIAL CAPACITY. THIS GOAL SEEKS TO IMPROVE ACCESS TO WORK EXPERIENCE AND EMPLOYABILITY FOR LOW-INCOME YOUNG PEOPLE FACING EXCLUSION AND VULNERABILITY. WE INTEND TO ACHIEVE THIS THROUGH INNOVATIVE TRAINING METHODS AND THE PROMOTION OF ENTREPRENEURSHIP TO FACILITATE THEIR ENTRY INTO THE LABOR MARKET, WHETHER AS EMPLOYEES OR ENTREPRENEURS.OUR INITIATIVE COMBINES IN-PERSON WORKSHOPS AND VIRTUAL TRAINING, WITH A STRONG FOCUS ON IMPROVING TECHNICAL AND SOFT SKILLS. THIS OBJECTIVE AIMS TO STRENGTHEN JOB SKILLS AND ENTREPRENEURIAL ABILITIES, ENCOMPASSING THREE CORE COMPONENTS:1. PROMOTING LABOR MARKET INCLUSION: WE PROVIDE TRAINING IN PERSONAL AND SOCIAL SKILLS TO ENABLEPARTICIPANTS TO FIND AND RETAIN EMPLOYMENT EFFECTIVELY.2. BOOSTING ENTREPRENEURIAL ACTIVITY: BY ENHANCING BUSINESS MANAGEMENT SKILLS FOR YOUNG PEOPLE WITH EMERGING BUSINESS INITIATIVES OR IN HIGH-POTENTIAL MARKET OPPORTUNITIES WITHIN THE ORANGE ECONOMY FRAMEWORK.3. IMPROVING ACCESS TO THE SME MARKET: WE FACILITATE THE ENTRY OF YOUNG PEOPLE INTO THE SME MARKET AND THE DEVELOPMENT OF BUSINESS NETWORKS.
CONTRIBUTION TO THE ECONOMIC RECOVERY OF 200 FAMILIES FROM THE EFFECTS OF PANDEMIC LOCKDOWNS AND THE ARMED CONFLICT AND ILLICIT ECONOMIES IN THE MUNICIPALITIES OF MIRANDA AND TUMACO - COLOMBIA. $125,000THE PROJECT IS DEDICATED TO FOSTERING LICIT ECONOMIES AS A MEANS TO SUPPORT THE LIVELIHOODS OF 200 SMALL PRODUCERS WHO HAVE BEEN DEEPLY IMPACTED BY THE COMBINED CHALLENGES OF THE COVID-19 PANDEMIC, DRUG TRAFFICKING, AND THE ONGOING ARMED CONFLICT IN THE MUNICIPALITIES OF MIRANDA (CAUCA) AND TUMACO (NARIO). TO ACHIEVE THIS, THE PROJECT WILL FOCUS ON THE CULTIVATION AND DEVELOPMENT OF SHRIMP AND BLACKBERRY MARKETS IN RURAL AREAS. THIS INITIATIVE AIMS TO NOT ONLY PROVIDE ECONOMIC OPPORTUNITIES FOR THESE VULNERABLE FAMILIES BUT ALSO TO CREATE SUSTAINABLE AND LEGAL SOURCES OF INCOME, ULTIMATELY CONTRIBUTING TO THE ECONOMIC RECOVERY AND STABILITY OF THE COMMUNITIES IN THESE REGIONS. THE PROJECT HAS ALSO CONNECTED THE VULNERABLE PRODUCERS TO BUYERS THAT ARE SUPPLYING THE INGREDIENTS FOR THEIR PRODUCTS FROM THESE GROUPS THAT HAVE BEEN STRENGTHENED BY THE PROJECT.
PROMOTE THE PRODUCTIVE INCLUSION OF 200 RURAL FAMILIES IN THE DAIRY AND ALPACA FIBER VALUE CHAINS IN ECUADOR. $ 150,000THIS PROJECT WILL CONTRIBUTE TO IMPROVING THE QUALITY OF LIFE OF 200 FAMILIES OF SMALL PRODUCERS IN THE ECUADORIAN ANDES. IT WILL STRENGTHEN THE PRODUCTIVE SKILLS OF DAIRY CATTLE AND ALPACAS AND THE FOOD SECURITY OF 200 FARMING FAMILIES IN THE COMMUNITIES OF SACHA AND CUMBIJ, IN THE PROVINCE OF COTOPAXI. THIS PROJECT WILL ALSO HELP THE FAMILIES IMPROVE THEIR COLLECTION, PROCESSING, MARKETING, AND BUSINESS MANAGEMENT CAPACITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Hnizda Executive Director | Officer | 40 | $120,000 |
William Moss Chairman | OfficerTrustee | 1 | $0 |
Frank Kelly Secretary | OfficerTrustee | 1 | $0 |
Daryl Glick Treasurer | OfficerTrustee | 1 | $0 |
Jose Ignacio Gonzalez-Aller Gross Sole Member | OfficerTrustee | 1 | $0 |
Aaron Schuchart Board Member | Trustee | 1 | $0 |
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 | $491,531 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $491,531 |
Total Program Service Revenue | $0 |
Investment income | $356 |
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 | $491,887 |
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. | $127,131 |
Compensation of current officers, directors, key employees. | $81,531 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,180 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $42,519 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $427,280 |
Advertising and promotion | $0 |
Office expenses | $17,023 |
Information technology | $568 |
Royalties | $0 |
Occupancy | $0 |
Travel | $3,282 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,543 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,632 |
All other expenses | $0 |
Total functional expenses | $631,158 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $146,606 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $473,396 |
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 | $679 |
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 | $620,681 |
Accounts payable and accrued expenses | $77,609 |
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 | $77,609 |
Net assets without donor restrictions | $1,480 |
Net assets with donor restrictions | $541,592 |
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 | $620,681 |