Tcp Global
- Assets
- $36.3k
- Revenue
- $282.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Miami, FL
- Founding
- Data as of
- 12/2023
- EIN
- 88-3268073
Organization Overview
Tcp Global is located in Miami, FL. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tcp Global is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TCP GLOBAL'S MISSION IS TO PROVIDE AFFORDABLE LOANS FOR ENTREPRENEURS IN MARGINALIZED COMMUNITIES IN THE DEVELOPING WORLD AND TO STRENGTHEN EFFECTIVE GRASSROOTS ORGANIZATIONS THAT SERVE THOSE COMMUNITIES BY CREATING FOR THEM A STEADY REVENUE STREAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, TCP GLOBAL COMPLETED 60 GRANTS TO 20 GRANTEES. THE INDEPENDENT GRANTEES WORKED WITH THEIR NETWORK OF LENDING SITES (INCLUDING 56 NEW SITES OPENED IN 2023) TO MAKE 7,190 AFFORDABLE LOANS TO IMPOVERISHED ENTREPRENEURS WHICH INCLUDED 2,880 NEW BORROWERS. AS THE BORROWERS REPAID THEIR LOANS, THE LENDING SITES WERE ABLE TO CREATE NEW LOANS AND NEW OPPORTUNITIES FOR THE BORROWERS IN THE COMMUNITIES THEY SERVE. TCP GRANTS $229,424 NEW SITE CONTRIBUTIONS $84,000 LOAN REPAYMENTS $1,352,137 OTHER DONATIONS TO LENDING SITES $29,037 TOTAL FUNDS AVAILABLE FOR LENDING $1,694,598 IN SUMMARY, THE MISSION OF TCP GLOBAL IS BEING FULFILLED THROUGH THE SEEDING OF A VISION THAT IS CULTIVATED AND HARVESTED BY LOCAL ORGANIZATIONS FOR THE BENEFIT OF THE ENTIRE COMMUNITY EACH ORGANIZATION SERVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Roesel Director | Trustee | 5 | $0 |
Lynette Coyne Director | Trustee | 1 | $0 |
Curt Commander Director | Trustee | 1 | $0 |
Glenn Blumhorst Director | Trustee | 0 | $0 |
Kathleen Schilb Director | Trustee | 0 | $0 |
Helene Dudley President | Officer | 40 | $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 | $282,539 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,539 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $282,539 |
| 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 | $230,140 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $30,300 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $882 |
| Total functional expenses | $261,322 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,317 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $36,317 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $15,100 |
| Retained earnings, endowment, accumulated income, or other funds | $21,217 |
| Total liabilities and net assets/fund balances | $36,317 |