GRAMEEN AMERICA INC: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- GRAMEEN AMERICA INC (EIN 20-8497991)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-10-16
- IRS object ID
- 202312899349301476
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-16T13:55:23-05:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 366055558 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVENUE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 208497991 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAMEEN AMERICA INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAM | BusinessNameControlTxt |
| Phone | 7187040424 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82-11 37TH AVENUE 607 | AddressLine1Txt |
| City | JACKSON HEIGHTS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11372 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LUCAS RAMIREZ | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 7187040424 | PhoneNum |
| Signature | 2023-10-16 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LUCAS | PersonFirstNm |
| Person Last | RAMIREZ | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SCOTT THOMPSETT | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDREA JUNG | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82-11 37TH AVENUE 607 | AddressLine1Txt |
| City | JACKSON HEIGHTS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11372 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $46,427,113 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GRAMEENAMERICA.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | GRAMEEN AMERICA IS DEDICATED TO HELPING LOW INCOME ENTREPRENEURIAL WOMEN. (SEE SCHEDULE O) | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 319 | TotalEmployeeCnt |
| Total Volunteers | 12 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $27,786,990 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,675,525 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $22,038,724 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,834,476 | CYProgramServiceRevenueAmt |
| PY Investment Income | $87,419 | PYInvestmentIncomeAmt |
| CY Investment Income | $242,751 | CYInvestmentIncomeAmt |
| PY Other Revenue | $335,215 | PYOtherRevenueAmt |
| CY Other Revenue | $644,091 | CYOtherRevenueAmt |
| PY Total Revenue | $50,248,348 | PYTotalRevenueAmt |
| CY Total Revenue | $46,396,843 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $380,600 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $2,130,000 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $13,165,158 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $16,335,454 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $836,966 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $7,088,643 | PYOtherExpensesAmt |
| CY Other Expenses | $9,825,366 | CYOtherExpensesAmt |
| PY Total Expenses | $20,634,401 | PYTotalExpensesAmt |
| CY Total Expenses | $28,290,820 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $29,613,947 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $18,106,023 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $237,127,552 | TotalAssetsBOYAmt |
| Total Assets EOY | $278,769,129 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $105,470,334 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $128,932,655 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $131,657,218 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $149,836,474 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $26,331,964 | ExpenseAmt |
| Grant | $2,130,000 | GrantAmt |
| Revenue | $29,834,476 | RevenueAmt |
| Desc | GRAMEEN AMERICA IS DEDICATED TO HELPING LOW INCOME ENTREPRENEURIAL WOMEN BUILD SMALL BUSINESSES TO CREATE BETTER LIVES FOR THEMSELVES AND THEIR FAMILIES. WE OFFER MICROLOANS, TRAINING AND SUPPORT TO TRANSFORM COMMUNITIES AND FIGHT POVERTY IN THE UNITED STATES. | Desc |
| Total Program Service Expenses | $26,331,964 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 57 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 319 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOEL SHTEIR CPA | PersonNm |
| Phone | 7187040359 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82-11 37TH AVENUE SUITE 607 | AddressLine1Txt |
| City | JACKSON HEIGHTS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11372 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Key EmployeeKeyEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| ANDREA JUNG | |||||||||
| PRESIDENT & CEO | 37.00 | 5.00 | Yes (X) | Yes (X) | $463,879 | $0 | $14,477 | ||
| DAVID GOUGH | |||||||||
| EXECUTIVE VICE PRESIDENT & CFO | 37.50 | 5.00 | Yes (X) | $425,076 | $0 | $18,088 | |||
| DIANA SACCHI | |||||||||
| CHIEF HUMAN RESOURCES OFFICER | 40.00 | 0.00 | $263,832 | $0 | $26,948 | Yes (X) | |||
| PATRICIA CHOI | |||||||||
| CHIEF TECHNOLOGY OFFICER | 40.00 | 0.00 | $255,918 | $0 | $4,227 | Yes (X) | |||
| HABIB CHOWDHURY | |||||||||
| VP, NATIONAL OPERATIONS | 40.00 | 0.00 | $208,209 | $0 | $33,797 | Yes (X) | |||
| ALETHIA MENDEZ | |||||||||
| DIVISION PRESIDENT | 40.00 | 0.00 | $217,772 | $0 | $18,477 | Yes (X) | |||
| MIRIAM BENITEZ NIEVES | |||||||||
| SEC. & VP OF LEGAL | 40.00 | 0.00 | Yes (X) | $203,115 | $0 | $21,367 | |||
| MARCUS BERKOWITZ | |||||||||
| CHIEF PRODUCT & INNOVATION OFFICER | 40.00 | 0.00 | $198,602 | $0 | $16,233 | Yes (X) | |||
| RAJITHA SWAMINATHAN | |||||||||
| VP, PROGRAM STRATEGY & MEMBER SVCS | 40.00 | 0.00 | $182,451 | $0 | $13,774 | Yes (X) | |||
| JILL MONUM | |||||||||
| VP, DEVELOPMENT & MARKETING | 40.00 | 0.00 | $181,841 | $0 | $9,002 | Yes (X) | |||
| PROFESSOR MUHAMMAD YUNUS | |||||||||
| CO-CHAIR | 5.00 | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $8,105 | ||
| JOHN F MEGRUE | |||||||||
| CO-CHAIR | 0.50 | 0.10 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| VIDAR J JORGENSEN | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL D GRANOFF | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| KAREN PRITZKER | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| MAHMOUD MAMDANI | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| HOPE KNIGHT | |||||||||
| DIRECTOR (THRU 01/2022) | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| ANTONIA HERNANDEZ | |||||||||
| DIRECTOR (THRU 10/2022) | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| BENJAMIN FARKAS | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| ABDUL HAI KHAN | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT ANNIBALE | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| NANDITA BAKHSHI | |||||||||
| DIRECTOR | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| LORI DICKERSON FOUCHE | |||||||||
| DIRECTOR (AS OF 10/2022) | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| JENNIFER R JACKSON | |||||||||
| DIRECTOR (AS OF 10/2022) | 0.50 | 0.10 | Yes (X) | $0 | $0 | $0 | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,600,695 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $184,495 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 22 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| INVAR TECHNOLOGIES INC | |||||
| 69 STRATFORD RD | BROOKLYN | NY | 11218 | IT SERVICES | $805,047 |
| ENDAVA INC | |||||
| 757 3RD AVE SUITE 1901 | NEW YORK | NY | 10017 | IT SERVICES | $386,507 |
| GRANT THORNTON LLP | |||||
| 33570 TREASURY CENTER | CHICAGO | IL | 60654 | ACCOUNTING SERVICES | $123,649 |
| EXCELR8 ADVISORY SERVICES LLC | |||||
| PO BOX 43721 | ATLANTA | GA | 30336 | MANAGEMENT CONSULTING | $108,190 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,046,530 | GovernmentGrantsAmt |
| All Other Contributions | $14,628,995 | AllOtherContributionsAmt |
| Noncash Contributions | $19,916 | NoncashContributionsAmt |
| Total Contributions | $15,675,525 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INTEREST ON MICROLOANS | Desc |
| Business | 520000 | BusinessCd |
| Total Revenue Column | $29,834,476 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,834,476 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,834,476 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $246,976 | TotalRevenueColumnAmt |
| Exclusion | $246,976 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $26,045 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $30,270 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$4,225 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$4,225 | TotalRevenueColumnAmt |
| Exclusion | -$4,225 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| PARTICIPATION INCOME | 900099 | $443,991 | $443,991 |
| REIMBURSED EXPENSES | 900099 | $128,500 | $128,500 |
| MANAGEMENT FEE | 561000 | $60,000 | $60,000 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,600 | TotalRevenueColumnAmt |
| Exclusion | $11,600 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $644,091 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $46,396,843 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,834,476 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $886,842 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,130,000 | TotalAmt |
| Program Services | $2,130,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,533,070 | TotalAmt |
| Program Services | $1,170,328 | ProgramServicesAmt |
| Management And General | $125,824 | ManagementAndGeneralAmt |
| Fundraising | $236,918 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,389,482 | TotalAmt |
| Program Services | $11,584,615 | ProgramServicesAmt |
| Management And General | $425,295 | ManagementAndGeneralAmt |
| Fundraising | $379,572 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,104 | TotalAmt |
| Program Services | $148,381 | ProgramServicesAmt |
| Management And General | $9,347 | ManagementAndGeneralAmt |
| Fundraising | $4,376 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,159,041 | TotalAmt |
| Program Services | $1,070,839 | ProgramServicesAmt |
| Management And General | $51,231 | ManagementAndGeneralAmt |
| Fundraising | $36,971 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,091,757 | TotalAmt |
| Program Services | $1,009,176 | ProgramServicesAmt |
| Management And General | $33,449 | ManagementAndGeneralAmt |
| Fundraising | $49,132 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,230 | TotalAmt |
| Program Services | $81,230 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,618 | TotalAmt |
| Management And General | $162,618 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $663,762 | TotalAmt |
| Program Services | $633,572 | ProgramServicesAmt |
| Management And General | $9,375 | ManagementAndGeneralAmt |
| Fundraising | $20,815 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,447 | TotalAmt |
| Program Services | $42,783 | ProgramServicesAmt |
| Management And General | $57,186 | ManagementAndGeneralAmt |
| Fundraising | $478 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $667,011 | TotalAmt |
| Program Services | $649,755 | ProgramServicesAmt |
| Management And General | $12,132 | ManagementAndGeneralAmt |
| Fundraising | $5,124 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,403,730 | TotalAmt |
| Program Services | $1,277,394 | ProgramServicesAmt |
| Management And General | $126,336 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $773,956 | TotalAmt |
| Program Services | $747,754 | ProgramServicesAmt |
| Management And General | $26,202 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $338,903 | TotalAmt |
| Program Services | $281,166 | ProgramServicesAmt |
| Management And General | $41,877 | ManagementAndGeneralAmt |
| Fundraising | $15,860 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,186,188 | TotalAmt |
| Program Services | $3,186,188 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,348 | TotalAmt |
| Program Services | $115,046 | ProgramServicesAmt |
| Management And General | $20,302 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| BAD DEBT EXPENSE | $1,982,066 | $1,982,066 | ||
| EQUIP. RENTAL & MAINT. | $127,388 | $45,268 | $1,234 | $80,886 |
| RECRUITMENT EXPENSE | $77,661 | $66,012 | $11,649 | |
| FILING FEES | $65,688 | $65,688 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $59,370 | TotalAmt |
| Program Services | $44,703 | ProgramServicesAmt |
| Management And General | $7,833 | ManagementAndGeneralAmt |
| Fundraising | $6,834 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $28,290,820 | TotalAmt |
| Program Services | $26,331,964 | ProgramServicesAmt |
| Management And General | $1,121,890 | ManagementAndGeneralAmt |
| Fundraising | $836,966 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,370,490 | BOYAmt |
| EOY | $33,669,407 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,442,934 | BOYAmt |
| EOY | $31,622,846 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,479,693 | BOYAmt |
| EOY | $7,125,461 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,156 | BOYAmt |
| EOY | $20,406 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,732,802 | BOYAmt |
| EOY | $1,750,222 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $386,508 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $386,508 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $142,613,655 | BOYAmt |
| EOY | $203,233,715 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $445,822 | BOYAmt |
| EOY | $960,564 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,127,552 | BOYAmt |
| EOY | $278,769,129 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,940,013 | BOYAmt |
| EOY | $3,121,662 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,530,321 | BOYAmt |
| EOY | $125,810,993 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,470,334 | BOYAmt |
| EOY | $128,932,655 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,008,533 | BOYAmt |
| EOY | $124,559,229 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,648,685 | BOYAmt |
| EOY | $25,277,245 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,657,218 | BOYAmt |
| EOY | $149,836,474 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $237,127,552 | BOYAmt |
| EOY | $278,769,129 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $18,106,023 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $73,233 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,928,877 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,206,183 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,135,716 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,786,990 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,675,525 | CurrentTaxYearAmt |
| Total | $126,733,291 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $11,928,877 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $28,206,183 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $43,135,716 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $27,786,990 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,675,525 | CurrentTaxYearAmt |
| Total | $126,733,291 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $32,146,651 | SubstantialContributorsTotAmt |
| Public Support Total170 | $94,586,640 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $234,925 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $245,113 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $354,164 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $85,759 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $246,976 | CurrentTaxYearAmt |
| Total | $1,166,937 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $117,566 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $269,005 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $548,966 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $335,215 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $644,091 | CurrentTaxYearAmt |
| Total | $1,914,843 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $129,815,071 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $90,097,947 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.72860 | PublicSupportCY170Pct |
| Public Support PY170 | 0.71130 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | REBATES/REWARDS - 2018 AMOUNT: $ 10,000. 2019 AMOUNT: $ 171,844. 2020 AMOUNT: $ 147,366. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. REIMBURSEMENT OF EXPENSES - 2018 AMOUNT: $ 75,339. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 94,982. 2021 AMOUNT: $ 50,498. 2022 AMOUNT: $ 128,500. PARTICIPATION INCOME - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 70,634. 2020 AMOUNT: $ 252,386. 2021 AMOUNT: $ 145,064. 2022 AMOUNT: $ 443,991. INSURANCE REFUND - 2018 AMOUNT: $ 24,985. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. MANAGEMENT FEE - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 60,000. 2022 AMOUNT: $ 60,000. MISCELLANEOUS INCOME - 2018 AMOUNT: $ 7,242. 2019 AMOUNT: $ 26,527. 2020 AMOUNT: $ 54,232. 2021 AMOUNT: $ 79,653. 2022 AMOUNT: $ 11,600. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $386,508 | OtherCostOrOtherBasisAmt |
| Book Value | $386,508 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $386,508 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PROGRAM LOANS, NET OF ALLOWANCE | $202,233,715 | C |
| INVESTMENT IN GASBF II | $1,000,000 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $203,233,715 | TotalBookValueProgramRltdAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $48,602,925 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $73,233 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $2,132,849 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $2,206,082 | RevenueNotReportedAmt |
| Revenue Subtotal | $46,396,843 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $46,396,843 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $30,423,669 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $2,132,849 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $2,132,849 | ExpensesNotReportedAmt |
| Expenses Subtotal | $28,290,820 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $28,290,820 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION FOLLOWS GUIDANCE THAT CLARIFIES ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS MORE-LIKELY-THAN-NOT TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES IN PLACE TO ENSURE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, THE ORGANIZATION HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| GRAMEEN PRIMACARE INC | ||||||||
| 82-11 37TH AVENUE SUITE 607 | JACKSON HEIGHTS | NY | 11372 | 463181224 | 501(C)(3) | $1,580,000 | $0 | PROGRAM SUPPORT |
| RISING TIDE CAPITAL INC | ||||||||
| 311 MARTIN LUTHER KING DRIVE | JERSEY CITY | NJ | 07305 | 113720098 | 501(C)(3) | $550,000 | $0 | PROGRAM SUPPORT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | IN CALENDAR YEAR 2022, GRAMEEN AMERICA MADE GRANTS TO A RELATED PARTY, GRAMEEN PRIMACARE, INC. TO SUPPORT ITS OPERATIONAL ACTIVITIES. BOTH ORGANIZATIONS SHARE AN OVERLAPPING BOARD OF DIRECTORS WHO GOVERN AND OVERSEE EACH ORGANIZATION'S DAILY ACTIVITIES AND ENSURE THAT GRANTED FUNDS ARE USED TO FURTHER THEIR STATED EXEMPT MISSION. DUE TO THE NATURE OF THIS RELATIONSHIP WITH GRAMEEN PRIMACARE, GRAMEEN AMERICA HAS DETAILED KNOWLEDGE OF HOW GRANT FUNDS ARE EXPENDED. OTHER GRANTS WERE MADE TO ANOTHER 501(C)(3) ORGANIZATION, WHICH GRAMEEN AMERICA ENTERED INTO A RELATIONSHIP WITH FOR THE PURPOSE OF FULFILLING A SHARED MISSION RELATED ACTIVITY, ALLOWING GRAMEEN AMERICA TO VERIFY FUNDS WERE SPENT ON PURPOSES SPECIFIED IN THE GRANT AGREEMENT. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ANDREA JUNG | ||||||||||||||
| PRESIDENT & CEO | $363,011 | $0 | $100,000 | $0 | $868 | $0 | $6,929 | $0 | $7,548 | $0 | $478,356 | $0 | $0 | $0 |
| DAVID GOUGH | ||||||||||||||
| EXECUTIVE VICE PRESIDENT & CFO | $340,582 | $0 | $83,750 | $0 | $744 | $0 | $9,150 | $0 | $8,938 | $0 | $443,164 | $0 | $0 | $0 |
| DIANA SACCHI | ||||||||||||||
| CHIEF HUMAN RESOURCES OFFICER | $228,940 | $0 | $33,750 | $0 | $1,142 | $0 | $9,150 | $0 | $17,798 | $0 | $290,780 | $0 | $0 | $0 |
| PATRICIA CHOI | ||||||||||||||
| CHIEF TECHNOLOGY OFFICER | $225,637 | $0 | $30,281 | $0 | $0 | $0 | $0 | $0 | $4,227 | $0 | $260,145 | $0 | $0 | $0 |
| HABIB CHOWDHURY | ||||||||||||||
| VP, NATIONAL OPERATIONS | $178,567 | $0 | $28,500 | $0 | $1,142 | $0 | $7,829 | $0 | $25,968 | $0 | $242,006 | $0 | $0 | $0 |
| ALETHIA MENDEZ | ||||||||||||||
| DIVISION PRESIDENT | $187,616 | $0 | $30,000 | $0 | $156 | $0 | $9,150 | $0 | $9,327 | $0 | $236,249 | $0 | $0 | $0 |
| MIRIAM BENITEZ NIEVES | ||||||||||||||
| SEC. & VP OF LEGAL | $174,643 | $0 | $27,300 | $0 | $1,172 | $0 | $9,150 | $0 | $12,217 | $0 | $224,482 | $0 | $0 | $0 |
| MARCUS BERKOWITZ | ||||||||||||||
| CHIEF PRODUCT & INNOVATION OFFICER | $171,446 | $0 | $27,000 | $0 | $156 | $0 | $2,630 | $0 | $13,603 | $0 | $214,835 | $0 | $0 | $0 |
| RAJITHA SWAMINATHAN | ||||||||||||||
| VP, PROGRAM STRATEGY & MEMBER SVCS | $157,545 | $0 | $24,750 | $0 | $156 | $0 | $6,226 | $0 | $7,548 | $0 | $196,225 | $0 | $0 | $0 |
| JILL MONUM | ||||||||||||||
| VP, DEVELOPMENT & MARKETING | $161,481 | $0 | $20,100 | $0 | $260 | $0 | $8,310 | $0 | $692 | $0 | $190,843 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | GRAMEEN AMERICA, INC. PERMITS PROFESSOR YUNUS, CHAIRMAN AND ANDREA JUNG, PRESIDENT & CEO TO FLY FIRST CLASS WHEN THEY ARE TRAVELING ON MATTERS PERTAINING TO THE ORGANIZATION'S MISSION. |
| PART I, LINE 7 | IN CALENDAR YEAR 2022, GRAMEEN AMERICA PROVIDED BONUSES TO VARIOUS INDIVIDUALS REPORTED ON THE FORM 990 UPON MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA AS OUTLINED IN THE ORGANIZATION'S COMPENSATION POLICY. THE PRESIDENT AND CEO SETS ALL PERFORMANCE OBJECTIVES AND APPROVES ALL BONUSES AT YEAR END. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II). |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I AND PART III: | FOUNDED BY NOBEL PEACE PRIZE RECIPIENT MUHAMMAD YUNUS, GRAMEEN AMERICA IS A SECTION 501(C)(3) NONPROFIT MICROFINANCE ORGANIZATION DEDICATED TO HELPING LOW INCOME ENTREPRENEURIAL WOMEN BUILD SMALL BUSINESSES TO CREATE BETTER LIVES FOR THEMSELVES AND THEIR FAMILIES. THE ORGANIZATION OFFERS MICROLOANS, TRAINING AND SUPPORT TO TRANSFORM COMMUNITIES AND FIGHT POVERTY IN THE UNITED STATES. SINCE OPENING IN JANUARY 2008, GRAMEEN AMERICA HAS INVESTED OVER $2.9 BILLION IN MORE THAN 164,000 LOW-INCOME WOMEN ENTREPRENEURS. STARTED IN JACKSON HEIGHTS, QUEENS, NYC, GRAMEEN AMERICA HAS EXPANDED TO 29 LOCATIONS. LEARN MORE AT WWW.GRAMEENAMERICA.ORG. |
| FORM 990, PART VI, SECTION A, LINE 2 | PROFESSOR MUHAMMAD YUNUS, ABDUL HAI KHAN, AND VIDAR JORGENSEN HAVE BUSINESS RELATIONSHIPS. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS PREPARED BY THE ORGANIZATION IN CONJUNCTION WITH ITS OUTSIDE ACCOUNTING FIRM. UPON COMPLETION, IT IS REVIEWED BY SENIOR MANAGEMENT AND SHARED WITH THE BOARD OF DIRECTORS. THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS VIA EMAIL TO ENSURE THAT ALL MEMBERS ARE AWARE OF ITS CONTENTS. ONCE THE BOARD APPROVES THE 990 FOR FILING, IT IS SUBMITTED ELECTRONICALLY TO THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO TRUSTEES, OFFICERS, EMPLOYEES, AND ANY OTHER PERSON WHO WAS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF GAI. ON AN ANNUAL BASIS, CONFLICT OF INTEREST QUESTIONNAIRES ARE DISTRIBUTED TO TRUSTEES, OFFICERS, AND KEY EMPLOYEES. POTENTIAL CONFLICTS OF INTEREST INVOLVING TRUSTEES, OFFICERS, AND KEY EMPLOYEES ARE REPORTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE EXECUTIVE COMMITTEE DETERMINES WHETHER A CONFLICT OF INTEREST EXISTS AND EVALUATES CONFLICT OF INTEREST TRANSACTIONS. THE EXECUTIVE COMMITTEE ALSO REVIEWS EXISTING CONFLICTS OF INTEREST ON AN ANNUAL BASIS. AN INDIVIDUAL INVOLVED, DIRECTLY OR INDIRECTLY, IN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST TRANSACTION MAY NOT PARTICIPATE IN ANY DISCUSSION OF THE RELEVANT TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION PAID TO GRAMEEN AMERICA'S PRESIDENT AND CEO IS APPROVED BY THE BOARD OF DIRECTORS IN ACCORDANCE WITH THE ORGANIZATION'S GOVERNING DOCUMENTS. COMPENSATION LEVELS ARE ESTABLISHED WITHIN COMPETITIVE RANGES DETERMINED VIA A COMPENSATION STUDY PERFORMED IN JANUARY 2022 WHICH INCLUDED COMPARISONS WITH SIMILAR ORGANIZATIONS AND LOCAL MARKET CONDITIONS. GRAMEEN AMERICA, INC. RELIES UPON COMPARABILITY DATA FROM SIMILAR NOT-FOR-PROFIT ORGANIZATIONS WITHIN ITS GEOGRAPHIC AREA TO DETERMINE THE COMPENSATION OF ITS OFFICERS AND KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | GAI MAKES ITS FORM 990, ANNUAL FINANCIAL STATEMENTS, ANNUAL REPORT AND MISSION STATEMENT AVAILABLE ON ITS WEBSITE AT WWW.GRAMEENAMERICA.ORG. THE ORGANIZING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND AT MANAGEMENT'S DISCRETION. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| GA FUND MANAGER LLC | |||||||||
| 82-11 37TH AVENUE SUITE 607 | JACKSON HEIGHTS | NY | 11372 | 832270372 | FUND MANAGER | DE | $0 | $0 | GRAMEEN AMERICA |
| GRAMEEN ELEVATE HOLDINGS LLC | |||||||||
| 82-11 37TH AVENUE SUITE 607 | JACKSON HEIGHTS | NY | 11372 | 874020094 | HOLDING COMPANY | DE | $0 | $0 | GRAMEEN AMERICA |
| GRAMEEN ELEVATE LLC | |||||||||
| 82-11 37TH AVENUE SUITE 607 | JACKSON HEIGHTS | NY | 11372 | 874019244 | MICROLENDING | DE | $0 | $0 | GRAMEEN ELEVATE HOLDINGS LLC |
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAMEEN PRIMACARE INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82-11 37TH AVENUE SUITE 607 | AddressLine1Txt |
| City | JACKSON HEIGHTS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 11372 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463181224 | EIN |
| Primary Activities | HEALTH CARE | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 7 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAMEEN AMERICA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAMEEN AMERICA (NY) INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 82-11 37TH AVENUE SUITE 607 | AddressLine1Txt |
| City | JACKSON HEIGHTS | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10001 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | INACTIVE | PrimaryActivitiesTxt |
| Legal Domicile State | NY | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRAMEEN AMERICA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (4 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GRAMEEN PRIMACARE INC | ||
| B | $1,580,000 | FMV |
| GRAMEEN PRIMACARE INC | ||
| L | $60,000 | FMV |
| GRAMEEN PRIMACARE INC | ||
| Q | $19,171 | FMV |
| GRAMEEN PRIMACARE INC | ||
| P | $22,000 | FMV |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE R, PART I | FormAndLineReferenceDesc |
| Explanation | GRAMEEN ELEVATE HOLDINGS, LLC AND GRAMEEN ELEVATE, LLC WERE FORMED IN DECEMBER OF 2021 TO ACCELERATE GRAMEEN'S COMMITMENT TO RACIAL EQUITY. ELEVATE ACTS AS A RESEARCH AND DEVELOPMENT PROJECT AIMED AT IDENTIFYING AND OPERATIONALIZING REFINEMENTS TO ITS MICROLOAN PROGRAM THAT WILL ALLOW FOR SCALING UP AS NEEDED. GRAMEEN IS UNABLE TO ISOLATE SPECIFIC REVENUE AND ASSET INFORMATION TO REPORT IN SCHEDULE R, PART I FOR THE GRAMEEN ELEVATE HOLDINGS, LLC AND GRAMEEN ELEVATE, LLC ENTITIES, BUT THE TOTAL ELEVATE PROGRAM INTEREST INCOME FOR 2022 WAS $96K, AND TOTAL MICROLOAN PORTFOLIO WAS $856K. ADDITIONALLY, IT IS IMPORTANT TO NOTE THAT ALL OF BOTH ELEVATE ENTITIES' FINANCIAL ACTIVITIES ARE REPORTED IN THE FORM 990. THE ELEVATE INITIATIVE WILL ULTIMATELY BE FOLDED INTO GRAMEEN'S CORE OPERATIONS AND BOTH DISREGARDED ENTITIES WILL BE DISSOLVED. | ExplanationTxt |