Grameen Foundation Usa

Organization Overview

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.

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.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Peter Francis Cowhey
Chair
$0
Elisabeth Holmes Rhyne
Vice Chair
$0
Ellen Longden Breyer
Treasurer
$0
Arthur Goshin
Secretary
$0
Shantanu Agrawal
Board
$0
Beverly Morris Armstrong
Board
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dahlberg Advisors
Consulting Services
$317,000
Herminia Rubio Gutierrez
Cfo Services
$112,500
View All Vendors

Financial Statements

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

Grants Awarded

Over the last fiscal year, Grameen Foundation Usa has awarded $111,144 in support to 2 organizations.

Grant RecipientAmount

SEARCH FOR COMMON GROUND

PURPOSE: PROGRAM SUPPORT

$25,459

AMERICAN BAR ASSOCIATION

PURPOSE: PROGRAM SUPPORT

$85,685
View Grant Profile

Peer Organizations

Organization NameAssets
Internet Society
Reston, VA
$42,547,621
Ashoka
Arlington, VA
$25,830,738
New Israel Fund
Washington, DC
$57,427,020
Handicap International
Silver Spring, MD
$42,111,446
Aga Khan Foundation Usa
Washington, DC
$86,343,647
U S Dairy Export Council Inc
Arlington, VA
$30,849,382
Kingsway Charities Inc
Bristol, VA
$17,495,514
Spirit Of America Worldwide
Arlington, VA
$41,331,321
Rainforest Trust
Warrenton, VA
$41,042,049
Partners Of The Americas Inc
Washington, DC
$28,379,935
Women For Women International
Washington, DC
$22,908,500
Center For Social Change Inc
Elkridge, MD
$26,354,870
Immap Inc
Washington, DC
$24,892,798
Living Goods
Washington, DC
$42,704,688
Inmed Partnerships For Children Inc
Sterling, VA
$2,714,257
Salvation Army World Service Office Sawso
Alexandria, VA
$21,932,883
Vital Voices Global Partnership Inc
Washington, DC
$22,376,208
World Hope International Inc
Alexandria, VA
$21,444,612
Pyxera Global Inc
Washington, DC
$15,543,351
International Youth Foundation
Baltimore, MD
$19,420,484
Pact Institute Inc
Washington, DC
$11,207,181
International Center For Not-For- Profit Law Inc
Washington, DC
$12,035,164
United States Energy Association Inc
Washington, DC
$13,291,221
Tostan Inc
Alexandria, VA
$12,809,943
Grameen Foundation Usa
Washington, DC
$10,571,497

Create an account to unlock the data you need.

or