Five Talents U S A

Organization Overview

Five Talents U S A is located in Vienna, VA. The organization was established in 1999. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Five Talents U S A employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Five Talents U S A 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 12/2022, Five Talents U S A generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 4.8% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

WORK TO ERADICATE EXTREME POVERTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

BELOW IS A SUMMARY OF THE ORGANIZATION'S IMPACT BY COUNTRY THROUGH DECEMBER 31, 2022:LATIN AMERICABOLIVIA - FIVE TALENTS HAS WORKED IN THE MOUNTAINOUS AREAS OF SOUTHERN BOLIVIA FOR OVER A DECADE, REACHING FAMILIES LIVING IN EXTREME POVERTY, AND DEVELOPED A PLAN FOR EXPANSION TO THREE NEW AREAS. IN PARTNERSHIP WITH SEEDS OF BLESSING, THE ORGANIZATION FACILITATES SMALL BUSINESS DEVELOPMENT THROUGH TRAINING, MENTORSHIP, AND COMMUNITY SAVINGS AND LOANS. PARTICIPANTS JOIN SMALL SAVINGS GROUPS AND RECEIVE TRAINING IN BUDGETING, SAVING, BUSINESS PLANNING, NUTRITION, AND DISCIPLESHIP. THEY LEARN HOW TO INVEST IN AND GROW SMALL BUSINESSES. ASIAMYANMAR - FIVE TALENTS HAS WORKED IN MYANMAR FOR ALMOST A DECADE WITH THE LOCAL ANGLICAN CHURCH'S MOTHERS UNION TO CATALYZE MICRO-ENTERPRISE DEVELOPMENT. PROGRAMS HAVE FOCUSED ON THE CREATION OF SAVINGS AND LOAN GROUPS IN UNDEVELOPED REGIONS OF IRRAWADDY DELTA, YANGON, TOUNGOO, MANDALAY, PYAY, HPA-AN AND MYITKYINA. SAVINGS GROUP MEMBERS ESTABLISH OR DEVELOP THEIR OWN BUSINESSES AND OFTEN WORK TOGETHER TO FORM COOPERATIVES. MEMBERS DEVELOPED A VARIETY OF AGRICULTURAL BUSINESSES.AFRICABURUNDI - BURUNDI IS THE WORLD'S MOST RURAL COUNTRY, WITH 90% OF THE POPULATION ENGAGED IN FARMING. OVER 75% OF THE POPULATION OF BURUNDI LIVE IN MULTIDIMENSIONAL POVERTY, WITH AN ESTIMATED 8.6 MILLION PEOPLE (73%) LIVING BELOW THE INTERNATIONAL EXTREME POVERTY LINE OF $1.90 A DAY (UNDP, 2022). SINCE 2010, THE ORGANIZATION PARTNERS WITH THE MOTHERS UNION OF THE ANGLICAN CHURCH IN BURUNDI TO OFFER TRAINING IN LITERACY AND NUMERACY, BUSINESS SKILLS, AND THE FORMATION OF COMMUNITY SAVINGS GROUPS. MEMBERS HAVE ACCESS TO MENTORSHIP, BASIC FINANCIAL SERVICES, AND EMERGENCY FUNDS.DEMOCRATIC REPUBLIC OF CONGO - IN 2018 FIVE TALENTS BEGAN A PARTNERSHIP WITH THE DIOCESE OF ARU, IN THE NORTHEASTERN CORNER OF DR CONGO. THE PROGRAM HAS WORKED TO MOBILIZE CHURCH AND COMMUNITY LEADERS, TO TRAIN AND MENTOR STAFF AND COMMUNITY WORKERS ON LITERACY, SAVINGS AND BUSINESS, AND TO LAUNCH NEW SAVINGS GROUPS.KENYA - FIVE TALENTS BEGAN WORKING IN KENYA WELL OVER A DECADE AGO AND HAS SERVED COMMUNITIES IN REGIONS ACROSS KENYA. PARTICIPANTS IN THESE PROGRAMS LEARN KEY SKILLS IN FINANCIAL MANAGEMENT AND BUSINESS DEVELOPMENT. THEY ALSO ENGAGE IN COMMUNITY-OWNED AND MANAGED SAVINGS GROUPS. MOST MEMBERS START AS SUBSISTENCE LEVEL FARMERS, BUT MANY END UP DEVELOPING THEIR OWN SMALL BUSINESSES. THE ORGANIZATION IS SERVING SAVINGS GROUPS IN THE REGIONS OF KERICHO, BARINGO, WESTERN, MARSABIT AND MOMBASA. SEVERAL REGIONS HAVE FORMED SACCOS, WHICH ARE NOW SELF-SUSTAINING, FROM THE SAVINGS GROUP PROGRAM; IN THIKA, EMBU AND NAKURU.SOUTH SUDAN - FIVE TALENTS HAS WORKED SUCCESSFULLY IN SOUTH SUDAN AND SUDAN FOR OVER A DECADE AND IS ONE OF THE FEW ORGANIZATIONS THAT HAS WORKED TO DEVELOP A SUSTAINABLE MODEL FOR MICROFINANCE THERE. THE ORGANIZATION WORKS IN FOUR REGIONS IN SOUTH SUDAN: GREATER BAHR-EL-GHAZAL, JUBA, RENK AND TEREKEKA, AND WITH TRAINING AND ACCESS TO FINANCIAL SERVICES. ADDITIONALLY, THE ORGANIZATION HAS INCORPORATED A TRAUMA-HEALING FOR PEACE-BUILDING PROGRAM THROUGH THE SAVINGS GROUP PLATFORM. TANZANIA - FIVE TALENTS HAS WORKED IN TANZANIA FOR OVER A DECADE, WITH A VARIETY OF LOCAL PARTNERS, TO PROVIDE FINANCIAL INCLUSION SERVICES TO THE RURAL POOR. THE ORGANIZATION'S PROGRAMS PROVIDE TRAINING TO DEVELOP COMMUNITY-OWNED SAVINGS GROUPS FOR LOCAL DEVELOPMENT. PROGRAMS HAVE SERVED MEMBERS IN MOROGORO AND NUMEROUS REGIONS THAT ARE PART OF VICOBA PROGRAM IN TANZANIA.UGANDA - FIVE TALENTS SUPPORTS LITERACY, BUSINESS TRAINING, AND THE FORMATION OF COMMUNITY SAVINGS GROUPS IN THE REGION OF KARAMOJA, UGANDA.


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Board, Officers & Key Employees

Name (title)Compensation
Kim Pacala
Chair Of The Board
$0
Francine Maestri
Vice Chair
$0
Steve Tees
Treasurer
$0
Jim Oakes
Acting Secretary
$0
Deb Conver
Director
$0
Corky Eddins
Director
$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$1,135,095
Noncash contributions included in lines 1a–1f $1,868
Total Revenue from Contributions, Gifts, Grants & Similar$1,135,095
Total Program Service Revenue$0
Investment income $7,256
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$241
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,142,110

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