2019-09-24T11:43:13-05:00 2018-12-31 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2018-01-01 208497991 Grameen America Inc % ANDREW HORROW CPA GRAM 7187040424 150 WEST 30TH STREET 8TH FLOOR NEW YORK NY 10001 DAVID GOUGH senior VP & CFO 7187040359 2019-09-24 true SCOTT THOMPSETT P00741490 2125990100 2019-09-24 209.220.136.124 26377520192675000001 2019-09-24 P A87539D75D44546F9E81755E19BD8DC508F41D5E 979609585EDF7A80B261DC170E7F22891F321D40 2018 2019-02-21 02:37:17Z ANDREA JUNG 150 WEST 30TH STREET 8TH FLOOR NEW YORK NY 10001 23870608 false X www.grameenamerica.org X 2007 MA Grameen America is dedicated to helping low income entrepeneurial women build small businesses to create better lives for themselves and their families. See Schedule O 10 10 228 10 0 22001 10449506 11928877 9946349 11599138 749 155728 -61476 167366 20335128 23851109 188636 0 0 0 9981752 10517185 0 0 910957 5420728 5543449 15591116 16060634 4744012 7790475 87483951 103579636 48927017 57232227 38556934 46347409 X SEE SCHEDULE O. false false 14514622 11599138 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. Grameen America had a repayment rate of 99% during 2018. 14514622 true true false false false false false false false false true false true false false true false true false false false false false false false false false false false true false false false false false false false false false false false false true true true true false false true 44 0 true 228 true true true false false false false true true false false false false false false X 10 10 true false false false false false false true true false false true true true true true true false true false CA CT FL IL MD MA MI NJ NY NC PA SC X X ANDREW HORROW CPA 7187040359 150 WEST 30TH STREET 8TH FLOOR NEW YORK NY 10001 X Andrea Jung President & CEO 37.0 5.0 X X 1 0 0 Vidar J Jorgensen Director 0.5 0.1 X 0 0 0 Professor Muhammad Yunus Chair 5.0 0.1 X X 0 0 0 Professor HI Latifee Director 5.0 0.1 X 0 0 0 John F Megrue Director 0.5 0.1 X 0 0 0 Michael D Granoff Director 0.5 0.1 X 0 0 0 Karen Pritzker Director 0.5 0.1 X 0 0 0 Mahmoud Mamdani Director 0.5 0.1 X 0 0 0 Hope Knight Director 0.5 0.1 X 0 0 0 Antonia Hernandez Director 0.5 0.1 X 0 0 0 David Gough Senior Vice President & CFO 37.0 5.0 X 219167 0 28547 Mary Majewski Secretary General Counsel 37.0 5.0 X 155118 0 19756 Alethia Mendez VP, Ops. & Program Strategy 40.0 0.0 X 121744 0 12870 Ha Shah Newaz Chief Advisor 40.0 0.0 X 137507 0 29692 Habib Chowdhury VP, National Operations 40.0 0.0 X 113320 0 22003 Marcus Berkowitz VP, Technology & Innovation 40.0 0.0 X 125844 0 13253 Mindee Barham Vice President of Development 40.0 0.0 X 170977 0 31084 Miriam Benitez Nieves Vice President Human Resources 40.0 0.0 X 165433 0 15897 1209111 0 173102 11 false true false Grant Thornton LLP 33570 Treasury Center CHICAGO IL 60694 ACCOUNTING 149002 1 923966 11004911 14920 11928877 INTEREST INCOME ON MICROLOANS 525990 11599138 11599138 11599138 155125 155125 0 0 79800 79800 0 79800 79800 20102 19499 603 603 603 0 0 0 0 0 0 0 0 0 REIMBURSEMENT OF EXPENSES 900099 45339 45339 AMERICAN EXPRESS REWARDS 900099 10000 10000 INSURANCE REFUND 900099 24985 24985 7242 7242 87566 23851109 11599138 323094 0 0 0 0 422589 409287 13302 0 8299615 7401916 251906 645793 105133 95640 1917 7576 1017224 927271 19974 69979 672624 609348 17121 46155 0 95320 95320 184947 42089 142858 0 0 0 218670 116093 102577 114961 104289 7904 2768 568438 560613 7257 568 561051 561051 0 1043990 961316 82674 479384 438027 19204 22153 0 0 1440518 1440518 0 50299 40172 7064 3063 110961 93602 17359 BAD DEBT EXPENSE 337640 337640 DUES AND SUBSCRIPTIONS 184315 139127 37339 7849 EQUIPMENT RENTAL&MAINTENANCE 74333 68364 5949 20 BUSINESS LICENSES&PERMITS 41973 40131 1842 36649 32808 1385 2456 16060634 14514622 635055 910957 8524405 5425429 12815737 11307997 5227929 5254612 27004 21091 0 0 0 0 0 0 0 0 306267 334749 331501 261720 121575 69781 9985 5014 0 0 59686450 77444989 0 0 764599 3715974 87483951 103579636 654914 1134410 0 0 0 0 0 0 0 0 0 0 0 0 48212926 56097817 59177 0 48927017 57232227 X 32137461 40677678 6419473 5669731 0 0 38556934 46347409 87483951 103579636 7790475 X false true X true true true X 13311881 12198252 12179098 10449506 11928877 60067614 0 0 13311881 12198252 12179098 10449506 11928877 60067614 18507545 41560069 2596 0 36263 67478 234925 341262 0 0 0 0 116345 117566 233911 60642787 38956364 0.68533 0.70711 X 161667 119523 42144 169834 142197 27637 69781 77444989 0 0 X 27061524 2991350 219065 3210415 23851109 23851109 19649586 2991350 597602 3588952 16060634 16060634 Schedule D, Part X, Line 2 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 positon, 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 incomes 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. Schedule D, Part XI, Line 2d Revenue attributable to Grameen Puerto Rico, LLC reported on its own form 990 $219,065 Schedule D, Part XII, Line 2d Expenses attributable to Grameen Puerto Rico, LLC reported on its own form 990 $597,602 X true true false false false false false false false false false David Gough Senior Vice President & CFO 219167 0 0 0 0 0 6831 0 21716 0 247714 0 0 0 Mary Majewski Secretary General Counsel 155118 0 0 0 0 0 4889 0 14867 0 174874 0 0 0 Ha Shah Newaz Chief Advisor 137507 0 0 0 0 0 4319 0 25373 0 167199 0 0 0 Mindee Barham Vice President of Development 170977 0 0 0 0 0 906 0 30178 0 202061 0 0 0 Miriam Benitez Nieves Vice President Human Resources 165433 0 0 0 0 0 3795 0 12102 0 181330 0 0 0 Schedule J, Part I, Line 1 Grameen America, Inc. permits only the President & CEO to fly first class when she is traveling on matters pertaining to the organizations mission. Form 990, Part I and Part III Organization's Mission Statement 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 $1 Billion in more than 113,000 low-income women entrepreneurs. Started in Jackson Heights, Queens, NYC, Grameen America has expanded to 21 locations in New York City (7 branches), Austin TX, Houston TX, Boston MA, Charlotte NC, Indianapolis IN, Los Angeles CA (2 branches), Newark NJ, Omaha NE, Oakland CA, San Jose CA, San Juan PR, Miami FL, and Union City NJ. Learn more at www.Grameenamerica.org. Form 990, Part VI, Section A, Line 2 Professor Muhammad Yunus, Professor H.I. Latifee, 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 15A President & CEO, Andrea Jung, elects to work full-time for an annual salary of $1. Since Ms. Jung is effectively not compensated for the services she renders to the organization, Grameen America does not engage in a formal compensation review process and thus marks question 15(a) No. Form 990, Part VI, Section B, Line 15 Grameen America, Inc. relies upon comparability data from similar not-for-profit organizations within its geographic area to determine the compensation of its officers (below its President and CEO). 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. Form 990, Part VII, Section A Grameen America, inc. volunteered to disclose all members of its senior management in addition to the top 5 compensated individuals. Grameen America California LLC 150 W 30TH STREET 8TH FLOOR NEW YORK NY 10001 452850756 INACTIVE DE 0 0 GRAMEEN AMER Grameen America Indiana LLC 150 W 30TH STREET 8TH FLOOR NEW YORK NY 10001 452832007 INACTIVE DE 0 0 GRAMEEN AMER GA Fund Manager LLC 150 W 30TH STREET 8TH FLOOR NEW YORK NY 10001 832270372 fund manager DE 0 0 GRAMEEN AMER Grameen America North Carolina LLC 150 W 30TH STREET 8TH FLOOR NEW YORK NY 10001 452850786 MICROLENDING DE 0 0 GRAMEEN AMER GA Social Business Fund II LLC 150 W 30TH STREET 8TH FLOOR NEW YORK NY 10001 832363522 fund manager DE 0 0 GRAMEEN AMER Grameen America Puerto Rico LLC PO Box 10655 San Juan PR 00922 660804803 Microlending PR 501(C)(3) LINE 7 GRAMEEN AMER true Grameen Primacare Inc 150 W 30th Street 8th Floor New York NY 10001 463181224 Health Care NY 501(c)(3) Line 7 Grameen Amer true Grameen America (NY) Inc 150 W 30TH STREET 8TH FLOOR NEW YORK NY 10001 INACTIVE NY GRAMEEN AMERICA C Corp 0 0 1.00000 true Grameen America Association Inc 150 W 30th Street 8th Floor New York NY 10001 Inactive NY Grameen America C Corp 0 0 1.00000 true false false false false false false false false false false false true false true true true true false false Schedule R, Part I Grameen American California, LLC, Grameen America Indiana, LLC, and Grameen American North Carolina, LLC were dissolved during 2018.