Fonkoze Usa Inc
- Assets
- $5.7m
- Revenue
- $3.2m
- Investments
- $856.5k
- Employees
- 9
- Location
- Washington, DC
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 52-2022113
Organization Overview
Fonkoze Usa Inc is located in Washington, DC. The organization was established in 1997. According to its NTEE Classification (Q12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Fonkoze USA Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fonkoze USA 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 12/2021, Fonkoze USA Inc generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISE PROGRAM FUNDS, ACCEPT SOCIAL LOANS, AND FACILITATE TECHNICAL SUPPORT FOR FONKOZE FAMILY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FONKOZE USA RAISES PROGRAM FUNDS TO SUPPORT THE FONKOZE FAMILY OF ORGANIZATIONS IN HAITI. GRANTS, BOTH UNRESTRICTED AND RESTRICTED, SUPPORT A WIDE VARIETY OF FONKOZE'S PROGRAMS INCLUDING SOCIAL INCLUSION AND SELF-RESILIENCE, ADULT LITERACY AND EDUCATION, HEALTH INITIATIVES, AS WELL AS MICRO-CREDIT AND OTHER ECONOMIC EMPOWERMENT ACTIVITIES. THROUGH THESE PROGRAMS, HUNDREDS OF THOUSANDS OF POOR AND DISENFRANCHISED HAITIANS ACROSS THE COUNTRY ARE NOT ONLY EQUIPPED WITH THE TOOLS AND RESOURCES NEEDED TO BREAK THE CYCLE OF POVERTY, BUT THEY ARE SUPPORTED THROUGHOUT THEIR JOURNEY.
EDUCATION: FONKOZE USA EDUCATES THE AMERICAN PUBLIC ABOUT FONKOZE'S EMPOWERING WORK THROUGHOUT HAITI. COMMUNICATIONS ARE DISSEMINATED THROUGH A NUMBER OF CHANNELS, INCLUDING FACE-TO-FACE, DIRECT MAIL, AND DIGITAL, TO ENGAGE AUDIENCES IN A HOLISTIC WAY. VARIOUS ENGAGEMENT OPPORTUNITIES PRESENTED THEMSELVES INCLUDING VIRTUALLY HELD PANEL DISCUSSIONS WITH THE HAITIAN TIMES AND OTHER STAKEHOLDERS DISCUSSING THE EMERGENCY RESPONSE AFTER THE 2021 EARTHQUAKE.
FONKOZE FAMILY TO SUPPORT BOTH PROGRAMS AND CAPACITY-BUILDING NEEDS. TECHNICAL ASSISTANCE INCLUDES (BUT IS NOT LIMITED TO) GRANT WRITING AND RESEARCH, COMMUNICATIONS AND BRAND MARKETING, AS WELL AS PARTNERSHIP FACILITATION AND SOCIAL LOAN MANAGEMENT. IN 2021, AS A RESULT OF THE EMERGENCY RESPONSE TO THE EARTHQUAKE, FONKOZE'S SOCIAL MEDIA CHANNELS RESULTED IN RAISING OVER $650,000 TO SUPPORT THE FAMILIES AND COMMUNITIES AFFECTED BY THE EMERGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mabel Valdivia-Diaz Executive Director | Officer | 40 | $155,142 |
Navneet Rangra Comptroller | Officer | 40 | $93,224 |
Laura Stephens Chair | OfficerTrustee | 2 | $0 |
Beth Daniels Secretary | OfficerTrustee | 2 | $0 |
Lisa W Clark Vice-Chair | OfficerTrustee | 2 | $0 |
Kathryn Leininger Cortes Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $204,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,792,074 |
| Noncash contributions included in lines 1a–1f | $276,686 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,996,259 |
| Total Program Service Revenue | $0 |
| Investment income | $135,047 |
| 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 | $3,229,586 |
| 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 | $1,680,557 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $260,900 |
| Compensation of current officers, directors, key employees. | $52,716 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $358,758 |
| Pension plan accruals and contributions | $22,201 |
| Other employee benefits | $56,273 |
| Payroll taxes | $56,026 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,500 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,015 |
| Advertising and promotion | $5,094 |
| Office expenses | $96,215 |
| Information technology | $34,115 |
| Royalties | $0 |
| Occupancy | $55,600 |
| Travel | $19,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,558 |
| Interest | $59,431 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,026 |
| All other expenses | $0 |
| Total functional expenses | $2,869,110 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $539,028 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $142,524 |
| 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 | $4,386 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,132,843 |
| Investments—other securities | $856,541 |
| Investments—program-related | $2,912,167 |
| Intangible assets | $0 |
| Other assets | $87,177 |
| Total assets | $5,674,666 |
| Accounts payable and accrued expenses | $31,065 |
| Grants payable | $549,000 |
| 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 | $106,000 |
| Other liabilities | $2,912,167 |
| Total liabilities | $3,598,232 |
| Net assets without donor restrictions | $1,621,714 |
| Net assets with donor restrictions | $454,720 |
| 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 | $5,674,666 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Fonkoze Usa Inc has recieved totaling $552,703.
| Awarding Organization | Amount |
|---|---|
Michael W Fisher Foundation Inc Jacksonville, FL PURPOSE: CHARITABLE DONATION | $199,684 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $62,250 |
The Spurlino Foundation Odessa, FL PURPOSE: GENERAL OPERATING SUPPORT | $60,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $50,000 |
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING EXPENSES | $50,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $31,500 |
Endowment Analysis
| Beg. Balance | $1,063,870 |
| Earnings | $130,673 |
| Other Expense | -$61,700 |
| Ending Balance | $1,132,843 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eurasia Foundation Inc Washington, DC | $7,282,681 | $16,957,437 |
Endowment Of The United States Institute Of Peace Incorporated Washington, DC | $76,020,223 | $4,830,011 |
Better World Fund Washington, DC | $6,993,265 | $3,925,019 |
Fonkoze Usa Inc Washington, DC | $5,674,666 | $3,229,586 |
Southeast Asia Resource Action Center Searac Washington, DC | $2,792,698 | $2,598,201 |
American Friends Of Lubavitch Washington, DC | $4,680,162 | $1,513,185 |
Fair Girls Inc Washington, DC | $807,050 | $978,187 |
Hands Along The Nile Development Services Inc Alexandria, VA | $806,843 | $901,029 |
Funders Concerned About Aids Inc Washington, DC | $1,156,851 | $799,222 |
The Brenn Foundation Washington, DC | $13,504,640 | $879,608 |
Lambi Fund Of Haiti Washington, DC | $530,120 | $566,800 |
Children Of Zion Of Maryland Inc Bel Air, MD | $210,912 | $488,357 |