Fonkoze Usa Inc
- Assets
- $6.4m
- Revenue
- $2.9m
- Investments
- $856.5k
- Employees
- 13
- Location
- Washington, DC
- Founding
- 08/1997
- Data as of
- 12/2023
- 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 12/2023, Fonkoze USA Inc employed 13 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 12/2023, Fonkoze USA Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. 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
FONKOZE USA, INC. (THE ORGANIZATION) IS AN AMERICAN 501(C)(3) NONPROFIT ORGANIZATION THAT OPERATES EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING, BUT NOT LIMITED TO, RAISING, DONATING, AND LENDING CHARITABLE FUNDS AND FACILITATING TECHNICAL ASSISTANCE TO ITS FONKOZE PARTNERS (FONDASYON KOLE ZEPOL AND SEVIS FINANSYE FONKOZE) AND OTHER ORGANIZATIONS EMPOWERING THE POOR ACROSS HAITI, AND INCREASING PUBLIC AWARENESS ABOUT HAITI AND THE SERVICES AND PROGRAMS PROVIDED BY FONKOZE AND THE DEVELOPMENT ORGANIZATIONS THAT THE CORPORATION SUPPORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTMAKING: 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 ECONOMICALLY VULNERABLE 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 THE FONKOZE FAMILY'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.
TECHNICAL ASSISTANCE: TO SUPPORT FONKOZE FAMILY PROGRAMS AND CAPACITY-BUILDING NEEDS, FONKOZE USA SUPPORTS ITS PARTNERS IN HAITI BY PROVIDING TECHNICAL ASSISTANCE. THIS INCLUDES (BUT IS NOT LIMITED TO) GRANT WRITING AND RESEARCH, COMMUNICATIONS AND BRAND MARKETING, AS WELL AS PARTNERSHIP FACILITATION AND SOCIAL LOAN MANAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Arbuthnott Chair | OfficerTrustee | 2 | $0 |
Lisa W Clark Vice-Chair | OfficerTrustee | 2 | $0 |
Robyn Mordeno Treasurer | OfficerTrustee | 2 | $0 |
Michele Hartigan Board Member | OfficerTrustee | 2 | $0 |
Jean Belizaire Board Member | Trustee | 2 | $0 |
Roxann Thomas Chargois Board Member | 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 | $2,621,312 |
| Noncash contributions included in lines 1a–1f | $352,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,621,312 |
| Total Program Service Revenue | $0 |
| Investment income | $184,707 |
| 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 | $2,922,576 |
| 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 | $1,175,927 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $197,717 |
| Compensation of current officers, directors, key employees. | $35,767 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $494,776 |
| Pension plan accruals and contributions | $6,949 |
| Other employee benefits | $48,626 |
| Payroll taxes | $77,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,661 |
| 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 | $84,472 |
| Advertising and promotion | $5,857 |
| Office expenses | $57,626 |
| Information technology | $36,772 |
| Royalties | $0 |
| Occupancy | $37,959 |
| Travel | $13,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,475 |
| Interest | $62,944 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,925 |
| All other expenses | $35,685 |
| Total functional expenses | $2,372,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $950,696 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $894,157 |
| 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 | $8,532 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $969,104 |
| Investments—other securities | $856,541 |
| Investments—program-related | $2,615,510 |
| Intangible assets | $0 |
| Other assets | $120,795 |
| Total assets | $6,415,335 |
| Accounts payable and accrued expenses | $54,680 |
| 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 | $100,000 |
| Other liabilities | $2,715,468 |
| Total liabilities | $3,419,148 |
| Net assets without donor restrictions | $1,782,627 |
| Net assets with donor restrictions | $1,213,560 |
| 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 | $6,415,335 |