Esperanza International Foundation
- Assets
- $0.0
- Revenue
- $13.0k
- Investments
- $0.0
- Employees
- 6
- Location
- Bellevue, WA
- Founding
- 02/1995
- Data as of
- 03/2023
- EIN
- 91-1585511
Organization Overview
Esperanza International Foundation is located in Bellevue, WA. The organization was established in 1995. As of 12/2022, Esperanza International Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza International Foundation 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 03/2023, Esperanza International Foundation generated $13.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (46.5%) each year. All expenses for the organization totaled $264.7k during the year ending 03/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO FREE FAMILIES FROM POVERTY AND SHARE THE HOPE OF CHRIST THROUGH MICROFINANCE AND NON FINANCIAL SERVICES OFFERED TO FAMILIES IN THE DOMINICAN REPUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, ESPERANZA INTERNATIONAL, THROUGH ASSOCIATION ESPERANZA INTERNATIONAL, INC., A RELIGIOUS ORGANIZATION IN DOMINICAN REPUBLIC, PROVIDED 8,428 LOANS TO DESERVING ENTREPRENEURS THROUGH ITS MICROFINANCE PROGRAMS. OF THOSE LOANS, 75% WERE DISBURSED TO WOMEN AND 50% WERE HAITIAN OR OF HAITIAN DESCENT. ESPERANZA OFFERED ITS BORROWERS SIX DIFFERENT LOAN PRODUCTS: BANK OF ESPERANZA LOANS, SOLIDARITY GROUP LOANS, HOUSING LOANS, INDIVIDUAL LOANS, CHURCH INITIATIVE LOANS, AND SCHOOL LOANS. THE LOAN PORTFOLIO AVERAGED USD $3.2 MILLION DURING 2022 WITH AN AVERAGE GROUP LOAN DISBURSED IN THE AMOUNT OF $336, AND THE AVERAGE INDIVIDUAL LOAN OF $946.
IN 2023, ESPERANZA INTERNATIONAL, THROUGH ASSOCIATION ESPERANZA INTERNATIONAL, INC., A RELIGIOUS ORGANIZATION IN DOMINICAN REPUBLIC, PROVIDED 1,797 LOANS TO DESERVING ENTREPRENEURS THROUGH ITS MICROFINANCE PROGRAMS. OF THOSE LOANS, 75% WERE DISBURSED TO WOMEN AND 46% WERE HAITIAN OR OF HAITIAN DESCENT. ESPERANZA OFFERED ITS BORROWERS SIX DIFFERENT LOAN PRODUCTS: BANK OF ESPERANZA LOANS, SOLIDARITY GROUP LOANS, HOUSING LOANS, INDIVIDUAL LOANS, CHURCH INITIATIVE LOANS, AND SCHOOL LOANS. THE LOAN PORTFOLIO AVERAGED USD $1.03 MILLION DURING 2023 WITH AN AVERAGE GROUP LOAN DISBURSED IN THE AMOUNT OF $366, AND THE AVERAGE INDIVIDUAL LOAN OF $946.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexandra Nunez President & CEO | OfficerTrustee | 50 | $141,835 |
Dave Valle Founder | Trustee | 30 | $130,548 |
Toby Kilgore Board Chair | OfficerTrustee | 1.6 | $0 |
Jerameel Rosario Vice Chair | OfficerTrustee | 1.6 | $0 |
Scott Olson Treasurer | OfficerTrustee | 1.6 | $0 |
Jesse Casler Board Member | Trustee | 1.6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $186,115 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,920 |
| Noncash contributions included in lines 1a–1f | $12,970 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,920 |
| Total Program Service Revenue | $0 |
| Investment income | $6,028 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,268 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,963 |
| 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 | $116,146 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,985 |
| Compensation of current officers, directors, key employees. | $12,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $858 |
| Pension plan accruals and contributions | $3,560 |
| Other employee benefits | $2,707 |
| Payroll taxes | $6,783 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,318 |
| Fees for services: Accounting | $35,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28 |
| Fees for services: Other | $2,692 |
| Advertising and promotion | $0 |
| Office expenses | $678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,100 |
| Travel | $16,942 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $599 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,032 |
| Insurance | $1,406 |
| All other expenses | $0 |
| Total functional expenses | $264,745 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Accounts payable and accrued expenses | $20,200 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valley Family Health Care Inc Payette, ID | $22,669,236 | $37,379,465 |
Willamette Family Medical Center Salem, OR | $17,644,619 | $30,486,270 |
Iliuliuk Family And Health Services Inc Unalaska, AK | $6,581,488 | $6,462,573 |
Oregon Primary Care Association Portland, OR | $3,503,633 | $5,572,134 |
Esperanza International Foundation Bellevue, WA | $0 | $12,963 |
Washington Rural Health Association Spokane, WA | $228,139 | $208,138 |
Alsea Rural Health Care Inc Alsea, OR | $356,024 | $0 |