Grameen Foundation Usa
- Assets
- $9.2m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 30
- Location
- Washington, DC
- Founding
- 12/1996
- Data as of
- 06/2021
- EIN
- 73-1502797
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 06/2021, 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 06/2021, Grameen Foundation USA generated $10.7m 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 (4.8%) each year. All expenses for the organization totaled $9.7m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.1%) 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
2021
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: OUR DIGITAL FINANCIAL SERVICES WORK FOCUSED ON DEVELOPING NETWORKS OF TRAINED FEMALE COMMUNITY AGENTS TO PROVIDE THEIR NEIGHBORS DIGITAL ACCESS TO FINANCIAL RESOURCES TO IMPROVE THEIR LIVES. AGENTS ALSO EARN A SMALL TRANSACTION FEE TO IMPROVE THEIR OWN LIVES. IN FY21, 2,390 NEW AGENTS WERE ADDED TO THE GRAMEEN FOUNDATION USA (GRAMEEN) COMMUNITY AGENT NETWORK. EACH FINANCIAL SERVICES AGENT REACHES AN AVERAGE OF 266 NEIGHBORS IN HER COMMUNITY. AGENTS ARE A KEY COMPONENT OF GRAMEEN PROGRAMS IN MULTIPLE COUNTRIES. IN INDIA, FOR INSTANCE, 904 COMMUNITY AGENTS ARE SERVING 1,123 LOW-INCOME VILLAGES IN 5 DISTRICTS, INCLUDING 600,000 PEOPLE IN THE NAGPUR DISTRICT AND 40,000 PEOPLE IN THE NASHIK DISTRICT. IN GHANA, 9,000 FEMALE ENTREPRENEURS ARE WORKING WITH GRAMEEN AGENTS TO ACCESS DIGITAL FINANCIAL SERVICES, RECEIVE BUSINESS AND FINANCIAL LITERACY TRAINING, AND GAIN UNDERSTANDING OF RESOURCES RELATED TO GENDER-BASED VIOLENCE.
STRENGTHENING ORGANIZATIONS: GRAMEEN FOUNDATION USA REMAINS COMMITTED TO BUILDING UP THE INTERNATIONAL DEVELOPMENT ECOSYSTEM THAT SUPPORTS BILLIONS OF PEOPLE AS THEY WORK THEIR WAY OUT OF POVERTY. WE FOCUS ON ENSURING THAT ORGANIZATIONS WORKING ON POVERTY AND HUNGER ARE EQUIPPED WITH THE BEST MINDS AND TECHNOLOGY TO HELP THEM SERVICE MARGINALIZED FAMILIES EFFICIENTLY AND EFFECTIVELY. OUR BANKERS WITHOUT BORDERS PROGRAM MOBILIZED THE TALENT AND SKILLS OF PRIVATE SECTOR VOLUNTEERS TO SUPPORT THE MISSION OF POVERTY-FOCUSED ENTERPRISES. THROUGH THE END OF FY 21, OUR VOLUNTEERS HAVE PROVIDED CUMULATIVELY $29.4 MILLION IN IN-KIND SERVICES TO 315 SOCIAL ENTERPRISES.
HEALTH & AGRICULTURAL SOLUTIONS: IN FY21, GRAMEEN FOUNDATION USA (GRAMEEN) CONTINUED ITS WORK TO HELP SMALLHOLDER FARMERS REDUCE THEIR VULNERABILITY TO SHOCKS SUCH AS CLIMATE CHANGE, EXTREME WEATHER EVENTS, CROP DISEASE, PESTS AND MARKET VOLATILITY. WE DO THIS BY DELIVERING TO FARMERS DATA-DRIVEN DIGITAL FARM PLANS, TEACHING AGRICULTURE BEST PRACTICES, AND CREATING CONNECTIONS TO FINANCIAL SERVICES AND MARKETS TO HELP POOR FARMERS ACHIEVE SUSTAINABILITY AND GROW RESILIENCE. IN GHANA, WE COMPLETED A PROGRAM TO DEVELOP 7-YEAR FARM DEVELOPMENT PLANS FOR 240,000 SMALLHOLDER FARMERS USING FARM DATA SUCH AS SOIL CONDITIONS AND WEATHER AND SATELLITE DATA TO GUIDE THEIR INVESTMENTS AND DECISIONS. IN INDIA, 120,000 FARMERS, SUPPORTED BY 40 FARM PRODUCER ORGANIZATIONS, ARE IMPROVING THEIR INCOMES BY LEARNING TO USE DIGITAL DATA AND WORKING WITH GRAMEEN AGENTS TO ACCESS DIGITAL FINANCIAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Chism Taroworks CEO | Officer | 40 | $191,165 |
Steve Hollingworth President & CEO | Officer | 40 | $187,316 |
Jeanne Schwartz VP Development & Communications | Officer | 40 | $148,257 |
Elaine Chang Taroworks COO | 40 | $143,641 | |
Conan Wickham Director, Finance | Officer | 40 | $117,380 |
Cesar Duron Director, Global Human Resources | 40 | $116,659 |
Outside Vendors & Contractors
| 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,171,111 |
| Government grants | $1,962,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,595,190 |
| Noncash contributions included in lines 1a–1f | $70,414 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,729,276 |
| Total Program Service Revenue | $809,822 |
| Investment income | $41,043 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,651,686 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,144 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,284,100 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $705,741 |
| Compensation of current officers, directors, key employees. | $374,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,732,821 |
| Pension plan accruals and contributions | $98,136 |
| Other employee benefits | $348,452 |
| Payroll taxes | $218,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $89,596 |
| Fees for services: Accounting | $194,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $600 |
| Fees for services: Other | $2,543,409 |
| Advertising and promotion | $49,699 |
| Office expenses | $448,776 |
| Information technology | $387,990 |
| Royalties | $0 |
| Occupancy | $225,436 |
| Travel | $71,869 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $887 |
| Insurance | $59,125 |
| All other expenses | $46,555 |
| Total functional expenses | $9,665,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,005,020 |
| Savings and temporary cash investments | $3,564,883 |
| Pledges and grants receivable | $879,314 |
| Accounts receivable, net | $164,885 |
| 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 | $380,097 |
| Net Land, buildings, and equipment | $217 |
| Investments—publicly traded securities | $1,000,478 |
| Investments—other securities | $0 |
| Investments—program-related | $1,139,116 |
| Intangible assets | $0 |
| Other assets | $39,305 |
| Total assets | $9,173,315 |
| Accounts payable and accrued expenses | $951,656 |
| Grants payable | $0 |
| Deferred revenue | $380,097 |
| 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 | $3,832,632 |
| Total liabilities | $5,164,385 |
| Net assets without donor restrictions | $3,864,468 |
| Net assets with donor restrictions | $144,462 |
| 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 | $9,173,315 |
Grants Awarded
Over the last fiscal year, Grameen Foundation Usa has awarded $111,144 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: PROGRAM SUPPORT | $85,685 |
Washington, DC PURPOSE: PROGRAM SUPPORT | $25,459 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Grameen Foundation Usa has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
The Salon Family Foundation Inc Armonk, NY PURPOSE: EDUCATIONAL | $1,500 |
Howard Family Foundation Punta Gorda, FL PURPOSE: SUPPORTING OPERATIONS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Youth Foundation Baltimore, MD | $31,725,558 | $21,248,898 |
Pact Institute Inc Washington, DC | $0 | $11,207,181 |
Partners Of The Americas Inc Washington, DC | $22,913,584 | $16,687,206 |
Tostan Inc Alexandria, VA | $25,433,067 | $32,796,076 |
International Center For Not-For- Profit Law Inc Washington, DC | $15,560,023 | $17,726,156 |
Pyxera Global Inc Washington, DC | $10,443,192 | $11,837,673 |
Grameen Foundation Usa Washington, DC | $9,173,315 | $10,651,686 |
United States Energy Association Inc Washington, DC | $6,320,815 | $9,749,821 |
Partnersglobal Washington, DC | $1,900,053 | $8,394,776 |
Advocates For Youth Washington, DC | $11,942,628 | $9,825,942 |
Christian Blind Mission International Inc Washington, DC | $7,095,410 | $7,862,052 |
Sudan Relief Fund Inc Washington, DC | $6,045,228 | $7,937,721 |