Grameen Foundation Usa is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Grameen Foundation USA employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grameen Foundation 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 06/2022, Grameen Foundation USA generated $10.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $10.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENABLE THE POOR, ESPECIALLY WOMEN, TO CREATE A WORLD WITHOUT POVERTY AND HUNGER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL SERVICES: IN FY22, GRAMEEN LED 14 DIGITAL FINANCIAL SERVICES PROJECTS. WE ONBOARDED NEARLY 2,000 NEW MITTRAS, GRAMEEN COMMUNITY AGENTS IN INDIA, WHO PROVIDE CRITICAL FINANCIAL INCLUSION AND HEALTH SERVICES. ALL OF OUR MITTRAS REACHED NEARLY 100,000 CLIENTS IN REMOTE AREAS OF INDIA THIS YEAR. THEY ALSO EARN TRANSACTION FEES TO IMPROVE THEIR OWN LIVES. AN ADDITIONAL 90 LAST-MILE AGENTS IN THE PHILIPPINES WERE TRAINED ON THE VALORA APP IN FY22, WHICH PROVIDED CRYPTOCURRENCY-BASED LOANS TO ASPIRING ENTREPRENEURS, AND AN ADDITIONAL 87 DIGITAL FINANCIAL SERVICES AGENTS IN GHANA WERE TRAINED TO OPERATE THEIR BUSINESSES; THEY ARE NOW ABLE TO SERVE 100 TO 150 CLIENTS IN THEIR (CONTINUED ON SCHEDULE O) NEIGHBORHOODS. IN ESWATINI, WE LAUNCHED AN INNOVATION PRIZE FOR ORGANIZATIONS THAT PROMOTE DIGITAL FINANCIAL LITERACY AMONG WOMEN. THE WINNERS, IMBITA AND DIGIMAGE, WERE ABLE TO GROW THEIR PLATFORMS WITH THE PRIZE MONEY. IMBITA CAN NOW OFFER DIGITAL PAYMENTS, EMERGENCY LOANS, AND SAVINGS ACCOUNTS TO 37,000 CUSTOMERS, AND DIGIMAGE ONBOARDED AN ADDITIONAL 500 WOMEN TO THEIR EPAYNET PLATFORM.THEY HAVE ALSO BEEN TRAINED ON GENDER-BASED VIOLENCE MITIGATION RESOURCES, AND TOGETHER WE'RE ADDRESSING HARMFUL CULTURAL PRACTICES THAT RESULT IN GENDER-BASED VIOLENCE.
STRENGTHENING ORGANIZATIONS: GRAMEEN FOUNDATION BUILDS UP THE INTERNATIONAL DEVELOPMENT ECOSYSTEMS THAT SUPPORT MILLIONS OF WOMEN AND GIRLS AS THEY WORK THEIR WAY OUT OF POVERTY. WE FOCUS ON EQUIPPING LOCAL ORGANIZATIONS, STAKEHOLDERS, AND FINANCIAL PROVIDERS WITH ACCESSIBLE TECHNOLOGY AND GENDER EQUITY TRAINING TO HELP THEM SERVICE MARGINALIZED FAMILIES AT THE LAST MILE. WE DO THIS THROUGH PROGRAMMATIC WORK AS WELL AS THROUGH OUR WHOLLY OWNED SUBSIDIARY, TAROWORKS, WHICH PROVIDES OFFLINE MOBILE DATA COLLECTION AND ANALYSIS TO LAST-MILE COMMUNITIES. IN SRI LANKA, WE WORKED WITH 16 WOMEN'S ENTREPRENEUR GROUPS, CALLED WILL CLUBS, TO HELP THEM ACCESS LOANS, PROVIDE CREDIT, FOUND MICROBUSINESSES, AND CONNECT WITH LOCAL POLITICIANS AND BUSINESSES. IN 2022, THROUGH OUR BANKERS (CONTINUED ON SCHEDULE O) WITHOUT BORDERS PROGRAM, WE MOBILIZED THE TIME AND TALENT OF OUR VOLUNTEERS TO CONTRIBUTE 894 HOURS, WORTH MORE THAN $101,000, IN IN-KIND SERVICES TO FARMING COOPERATIVES AND OTHER SMALL BUSINESSES.
HEALTH & AGRICULTURAL SOLUTIONS: IN FY22, GRAMEEN FOUNDATION CONTINUED ITS WORK TO HELP SMALLHOLDER FARMERS REDUCE THEIR VULNERABILITY TO SHOCKS SUCH AS CLIMATE CHANGE, EXTREME WEATHER EVENTS, CROP DISEASE, PESTS, AND MARKET VULNERABILITY. WE LAUNCHED A PROJECT THAT WILL CONNECT 25,000 COCONUT FARMERS IN THE PHILIPPINES TO DIGITAL ADVISORY SERVICES AND FINANCIAL PRODUCTS TO HELP THEM GENERATE A SUSTAINABLE SUPPLY OF COCONUT OIL, IMPROVE THEIR LIVELIHOODS, AND CREATE A POSITIVE ENVIRONMENTAL IMPACT. WE ALSO CONNECTED 169 CARABAO FARMERS IN THE PHILIPPINES WITH DIGITAL EXTENSION SERVICES. FARMERS LEARNED TO DIAGNOSE DISEASES IN THEIR CARABAO, KEEP THEM HEALTHY, AND INCREASE THEIR MILK PRODUCTION. IN INDIA, WE TRAINED MORE THAN 1,000 WOMEN FARMERS TO DIVERSIFY THEIR CROPS, MANAGE SOIL (CONTINUED ON SCHEDULE O) HEALTH, AND USE BIOFORTIFIED ZINC WHEAT SEEDS TO GROW A MORE NUTRITIOUS AND DROUGHT-RESISTANT CROP. IN INDIA, GRAMEEN STRENGTHENED 24 FARMER-PRODUCER ORGANIZATIONS TO BETTER SUPPORT SMALLHOLDER FARMERS, USING DIGITAL TECHNOLOGY TO CONNECT THEM TO EXTENSION SERVICES, MARKETS, AND FINANCIAL PRODUCTS. WE ALSO HELPED FPOS IMPROVE MEMBERSHIP AND LEADERSHIP BY WOMEN. ALL 24 OF THE FARMER-PRODUCER ORGANIZATIONS CAN NOW BOAST AT LEAST 40% WOMEN'S MEMBERSHIP AND, OVERALL, 2,200 WOMEN FARMERS WERE ADDED AS MEMBERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter Francis Cowhey Chair | OfficerTrustee | 4 | $0 |
Elisabeth Holmes Rhyne Vice Chair | OfficerTrustee | 4 | $0 |
Ellen Longden Breyer Treasurer | OfficerTrustee | 4 | $0 |
Arthur Goshin Secretary | OfficerTrustee | 4 | $0 |
Shantanu Agrawal Board | Trustee | 4 | $0 |
Beverly Morris Armstrong Board | Trustee | 4 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dahlberg Advisors Consulting Services | 6/29/21 | $317,000 |
Herminia Rubio Gutierrez Cfo Services | 6/29/21 | $112,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $544,000 |
Government grants | $2,705,519 |
All other contributions, gifts, grants, and similar amounts not included above | $6,451,652 |
Noncash contributions included in lines 1a–1f | $735,604 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,701,171 |
Total Program Service Revenue | $951,135 |
Investment income | $35,274 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $12,936 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,571,497 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $64,321 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $354,797 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $953,090 |
Compensation of current officers, directors, key employees. | $685,627 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,524,736 |
Pension plan accruals and contributions | $83,888 |
Other employee benefits | $295,592 |
Payroll taxes | $235,452 |
Fees for services: Management | $0 |
Fees for services: Legal | $87,536 |
Fees for services: Accounting | $128,727 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $600 |
Fees for services: Other | $4,355,762 |
Advertising and promotion | $17,134 |
Office expenses | $209,000 |
Information technology | $454,752 |
Royalties | $0 |
Occupancy | $123,392 |
Travel | $168,926 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $109,048 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $201 |
Insurance | $63,144 |
All other expenses | $29,963 |
Total functional expenses | $10,544,828 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,595,113 |
Savings and temporary cash investments | $3,029,971 |
Pledges and grants receivable | $1,080,540 |
Accounts receivable, net | $403,094 |
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 | $767,174 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $880,030 |
Investments—other securities | $0 |
Investments—program-related | $668,808 |
Intangible assets | $0 |
Other assets | $36,804 |
Total assets | $9,461,534 |
Accounts payable and accrued expenses | $1,240,097 |
Grants payable | $0 |
Deferred revenue | $460,838 |
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 | $3,785,153 |
Total liabilities | $5,486,088 |
Net assets without donor restrictions | $3,889,150 |
Net assets with donor restrictions | $86,296 |
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 | $9,461,534 |
Over the last fiscal year, Grameen Foundation Usa has awarded $111,144 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
SEARCH FOR COMMON GROUND PURPOSE: PROGRAM SUPPORT | $25,459 |
AMERICAN BAR ASSOCIATION PURPOSE: PROGRAM SUPPORT | $85,685 |