GRASSROOTS BUSINESS PARTNERS INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- GRASSROOTS BUSINESS PARTNERS INC (EIN 26-2108051)
- Tax period
- 2016-07-01 to 2017-06-30
- Filed
- 2018-05-14
- IRS object ID
- 201831349349305633
- Schema version
- 2016v3.0
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2018-05-14T13:22:11-05:00 | ReturnTs |
| Tax Period End | 2017-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390974031 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WEGNER CPAS LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 400 N WASHINGTON ST | AddressLine1Txt |
| City | ALEXANDRIA | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 223142366 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 262108051 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRASSROOTS BUSINESS PARTNERS INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | GRAS | BusinessNameControlTxt |
| Phone | 2025186865 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1875 K ST NW NO 412 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200061238 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAIME RAMIREZ | PersonNm |
| Person Title | COO/CIO | PersonTitleTxt |
| Phone | 2025186865 | PhoneNum |
| Signature | 2018-05-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GLENN MILLER CPA | PreparerPersonNm |
| PTIN | P00086726 | PTIN |
| Phone | 7035190990 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRASSROOTS BUSINESS FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JAIME RAMIREZ | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1875 K ST NW NO 412 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200061238 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $1,878,747 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.GBFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2007 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | OUR MISSION IS TO GROW VIABLE, SUSTAINABLE AND INCLUSIVE BUSINESSES THAT GENERATE EARNINGS OR COST SAVINGS FOR PEOPLE IN AFRICA, ASIA AND LATIN AMERICA. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 10 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,845 | PYContributionsGrantsAmt |
| CY Contributions Grants | $130,861 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,474,174 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,722,265 | CYProgramServiceRevenueAmt |
| PY Investment Income | $4,054 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,668 | CYInvestmentIncomeAmt |
| PY Other Revenue | $279,379 | PYOtherRevenueAmt |
| CY Other Revenue | $1,441 | CYOtherRevenueAmt |
| PY Total Revenue | $1,762,452 | PYTotalRevenueAmt |
| CY Total Revenue | $1,858,235 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $217,883 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $167,542 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,852,836 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,543,905 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $360,334 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,302,777 | PYOtherExpensesAmt |
| CY Other Expenses | $1,172,266 | CYOtherExpensesAmt |
| PY Total Expenses | $3,373,496 | PYTotalExpensesAmt |
| CY Total Expenses | $2,883,713 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,611,044 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,025,478 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,141,263 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,079,100 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $318,899 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $347,232 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,822,364 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,731,868 | NetAssetsOrFundBalancesEOYAmt |
| Mission | OUR MISSION IS TO GROW VIABLE, SUSTAINABLE AND INCLUSIVE BUSINESSES THAT GENERATE EARNINGS OR COST SAVINGS FOR PEOPLE IN AFRICA, ASIA AND LATIN AMERICA. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,275,230 | ExpenseAmt |
| Revenue | $1,400,045 | RevenueAmt |
| Desc | GRASSROOTS BUSINESS FUND (GBF) WORKS WITH HIGH IMPACT BUSINESSES THAT ARE TYPICALLY SMALL OR MIDSIZED BY INTERNATIONAL STANDARDS BUT ECONOMICALLY ENGAGE LARGE NUMBERS OF THE POOR. GBF MANAGES AN INVESTMENT FUND, GRASSROOTS BUSINESS INVESTORS FUND I, LP (GBI-I). GBI-I MAKES EQUITY, QUASI-EQUITY, AND DEBT INVESTMENTS WHICH ALLOW IT TO SHARE THE BUSINESSES' RISKS AND RETURNS WHILE PROVIDING A FORM OF CAPITAL SUITABLE FOR LONG-TERM, WEALTH CREATING BUSINESSES. GBI-I TARGET INVESTMENT SIZE IS CURRENTLY BETWEEN $750,000 AND $2,500,000 AND HAS AN AVERAGE INVESTMENT HORIZON OF 5-7 YEARS. THE CURRENT PORTFOLIO COMPANIES (20 COMPANIES) HAVE DIRECTLY CREATED WEALTH FOR OVER 42,000 FARMERS, 54,000 ARTISANS, AND COST SAVINGS FOR 2.8 MILLION PEOPLE AND AN ADDITIONAL 11.2 MILLION FAMILY MEMBERS. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $298,448 | ExpenseAmt |
| Grant | $167,542 | GrantAmt |
| Revenue | $322,220 | RevenueAmt |
| Desc | GBF'S CAPACITY BUILDING PROGRAMS ARE A COMBINATION OF BUSINESS ADVISORY SERVICES (BAS) FUNDED THROUGH GRANTS AND HANDS-ON MANAGEMENT SUPPORT FROM GBF STAFF AND ITS PARTNERS. THESE CAPACITY BUILDING PROGRAMS INCLUDE IMPROVEMENTS TO GOVERNANCE, GENERAL MANAGEMENT, REPORTING, MANAGEMENT INFORMATION SYSTEMS, AND BUSINESS/FINANCIAL PLANNING. THESE PROGRAMS ARE DELIVERED BY EXPERIENCED EXTERNAL CONSULTANTS, GBF STAFF, AND THROUGH OUR PARTNERSHIPS WITH OTHER LOCAL BUSINESSES. GBF'S BAS FALLS INTO SIX MAIN CATEGORIES: FINANCIAL MANAGEMENT, OPERATIONS, CORPORATE GOVERNANCE AND HUMAN CAPACITY, STRATEGY, LEGAL AND REGULATORY, AND ENVIRONMENTAL AND SOCIAL. OVER THE PAST EIGHT YEARS GBF HAS DISBURSED OVER $6.83 MILLION IN BAS TO MORE THEN 79 COMPANIES WHO HAVE SUPPORTED MORE THAN 3 MILLION PEOPLE. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $277,452 | ExpenseAmt |
| Desc | GBF IS HEAVILY INVOLVED IN BUILDING THE FIELD AROUND IMPACT INVESTING BY WORKING CLOSELY WITH PARTNER ORGANIZATIONS, PILOTING NEW INITIATIVES, AND CONTRIBUTING LESSONS LEARNED TO A BROAD AUDIENCE. AS PART OF PARTNERSHIP BUILDING, GBF IS A MEMBER OF NUMEROUS WORKING GROUPS INCLUDING THOSE AROUND IMPACT ASSESSMENT, THE DEVELOPMENT OF IMPACT FUNDS, AND CAREERS IN IMPACT INVESTING. AS THE ORGANIZATION GROWS A CONTINUED EFFORT TOWARDS EXTERNAL DISSEMINATION OF INFORMATION ON THE SUCCESSES AND LESSONS LEARNED RELATING TO IMPACT INVESTING WILL BE CRITICAL FOR OUR ADVANCING OF THE FIELD. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $1,851,130 | 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 |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | 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 With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| 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 | 9 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 10 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | IN | ForeignCountryCd |
| Foreign Country | KE | ForeignCountryCd |
| Foreign Country | PE | ForeignCountryCd |
| 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 |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | 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 | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | 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 | DC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAIME RAMIREZ | PersonNm |
| Phone | 2025186865 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1875 K ST NW STE 412 | AddressLine1Txt |
| City | WASHINGTON | CityNm |
| State Abbreviation | DC | StateAbbreviationCd |
| ZIP | 200061238 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| HAROLD ROSEN | |||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | Yes (X) | $199,868 | $0 | $9,913 | |
| JAIME RAMIREZ | |||||||
| COO/CIO | 40.00 | Yes (X) | Yes (X) | $156,511 | $0 | $9,995 | |
| ANDREW ADELSON | |||||||
| CHAIRMAN OF THE BOARD | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| HOLLY WISE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| ZOE DEAN-SMITH | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MWAGHAZI MWACHOFI | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| GUILLERMO FERREYROS | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARY HOUGHTON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NATALIA BARANTSEVA | |||||||
| REGIONAL DIRECTOR | 40.00 | $129,581 | $0 | $7,500 | Yes (X) | ||
| LILIAN MRAMBA | |||||||
| REGIONAL DIRECTOR | 40.00 | $135,149 | $0 | $13,507 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $621,109 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $40,915 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1000 WILSON BLVD STE 1400 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 222093904 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | ACCOUNTING SERVICES | ServicesDesc |
| Compensation | $179,707 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $130,861 | AllOtherContributionsAmt |
| Noncash Contributions | $360 | NoncashContributionsAmt |
| Total Contributions | $130,861 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INVESMENT MANAGEMENT | 523920 | $1,399,887 | $1,399,887 |
| MANAGEMENT FEES | 541611 | $270,569 | $270,569 |
| CONSULTING SERVICES | 541611 | $51,651 | $51,651 |
| PROGRAM-RELATED INTERE | 900099 | $158 | $158 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,722,265 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,668 | TotalRevenueColumnAmt |
| Exclusion | $3,668 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $21,953 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $20,512 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $1,441 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,441 | TotalRevenueColumnAmt |
| Exclusion | $1,441 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,858,235 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,722,265 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $5,109 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,700 | TotalAmt |
| Program Services | $85,700 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,842 | TotalAmt |
| Program Services | $81,842 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,747 | TotalAmt |
| Program Services | $192,435 | ProgramServicesAmt |
| Management And General | $60,234 | ManagementAndGeneralAmt |
| Fundraising | $134,078 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $993,737 | TotalAmt |
| Program Services | $725,801 | ProgramServicesAmt |
| Management And General | $201,717 | ManagementAndGeneralAmt |
| Fundraising | $66,219 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $25,669 | TotalAmt |
| Program Services | $18,410 | ProgramServicesAmt |
| Management And General | $7,259 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,261 | TotalAmt |
| Program Services | $52,276 | ProgramServicesAmt |
| Management And General | $18,700 | ManagementAndGeneralAmt |
| Fundraising | $285 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,491 | TotalAmt |
| Program Services | $44,623 | ProgramServicesAmt |
| Management And General | $16,354 | ManagementAndGeneralAmt |
| Fundraising | $5,514 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $153,372 | TotalAmt |
| Program Services | $76,539 | ProgramServicesAmt |
| Management And General | $12,712 | ManagementAndGeneralAmt |
| Fundraising | $64,121 | FundraisingAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $312,022 | TotalAmt |
| Program Services | $89,330 | ProgramServicesAmt |
| Management And General | $222,692 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $223,055 | TotalAmt |
| Program Services | $166,382 | ProgramServicesAmt |
| Management And General | $41,459 | ManagementAndGeneralAmt |
| Fundraising | $15,214 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,841 | TotalAmt |
| Program Services | $27,332 | ProgramServicesAmt |
| Management And General | $7,751 | ManagementAndGeneralAmt |
| Fundraising | $5,758 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,187 | TotalAmt |
| Program Services | $13,511 | ProgramServicesAmt |
| Management And General | $3,830 | ManagementAndGeneralAmt |
| Fundraising | $2,846 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $186,863 | TotalAmt |
| Program Services | $145,558 | ProgramServicesAmt |
| Management And General | $14,957 | ManagementAndGeneralAmt |
| Fundraising | $26,348 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,891 | TotalAmt |
| Program Services | $54,972 | ProgramServicesAmt |
| Management And General | $24,541 | ManagementAndGeneralAmt |
| Fundraising | $12,378 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,177 | TotalAmt |
| Program Services | $9,054 | ProgramServicesAmt |
| Management And General | $4,687 | ManagementAndGeneralAmt |
| Fundraising | $13,436 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,263 | TotalAmt |
| Program Services | $13,558 | ProgramServicesAmt |
| Management And General | $3,847 | ManagementAndGeneralAmt |
| Fundraising | $2,858 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,602 | TotalAmt |
| Program Services | $21,817 | ProgramServicesAmt |
| Management And General | $6,188 | ManagementAndGeneralAmt |
| Fundraising | $4,597 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FEES AND PERMITS | $19,062 | $9,114 | $8,028 | $1,920 |
| REPRESENTATION EXPENSES | $11,790 | $7,173 | $3,158 | $1,459 |
| DUES AND SUBSCRIPTIONS | $5,602 | $3,749 | $1,063 | $790 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,539 | TotalAmt |
| Program Services | $11,954 | ProgramServicesAmt |
| Management And General | $13,072 | ManagementAndGeneralAmt |
| Fundraising | $2,513 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,883,713 | TotalAmt |
| Program Services | $1,851,130 | ProgramServicesAmt |
| Management And General | $672,249 | ManagementAndGeneralAmt |
| Fundraising | $360,334 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,020,367 | BOYAmt |
| EOY | $1,490,641 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,399,245 | BOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $496,489 | BOYAmt |
| EOY | $372,927 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,607 | BOYAmt |
| EOY | $64,404 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $76,305 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $21,937 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $139,321 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $119,884 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,051 | BOYAmt |
| EOY | $19,437 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $88,199 | BOYAmt |
| EOY | $109,754 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,141,263 | BOYAmt |
| EOY | $2,079,100 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $318,899 | BOYAmt |
| EOY | $339,957 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $7,275 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $318,899 | BOYAmt |
| EOY | $347,232 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $676,318 | BOYAmt |
| EOY | $464,537 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,146,046 | BOYAmt |
| EOY | $1,267,331 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,822,364 | BOYAmt |
| EOY | $1,731,868 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,141,263 | BOYAmt |
| EOY | $2,079,100 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$1,025,478 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$58,029 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$6,989 | 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 | 0 | FederalGrantAuditRequiredInd |
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 | $1,027,167 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $999,387 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,017,136 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,845 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $130,861 | CurrentTaxYearAmt |
| Total | $3,179,396 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,027,167 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $999,387 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,017,136 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,845 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $130,861 | CurrentTaxYearAmt |
| Total | $3,179,396 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $938,794 | SubstantialContributorsTotAmt |
| Public Support Total170 | $2,240,602 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,526 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,696 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,524 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,054 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $25,621 | CurrentTaxYearAmt |
| Total | $35,421 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,214,817 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $8,071,953 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.69700 | PublicSupportCY170Pct |
| Public Support PY170 | 0.62540 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
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
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,425 | OtherCostOrOtherBasisAmt |
| Depreciation | $48 | DepreciationAmt |
| Book Value | $1,377 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $80,553 | OtherCostOrOtherBasisAmt |
| Depreciation | $75,948 | DepreciationAmt |
| Book Value | $4,605 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $57,343 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,888 | DepreciationAmt |
| Book Value | $13,455 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $19,437 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DUE FROM GRASSROOTS BUSINESS INVESTORS | $73,242 |
| SECURITY DEPOSITS | $35,142 |
| DEFERRED INCOME TAXES | $1,370 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $109,754 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSITS | Desc |
| Amt | $7,275 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $7,275 | TotalLiabilityAmt |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (12 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| SOUTH AMERICA | 1 | 7 | PROGRAM SERVICES | PROGRAM ADVISORY SERVICES | $721,962 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | PROGRAM ADVISORY SERVICES | $19,915 |
| SUB-SAHARAN AFRICA | 1 | 9 | PROGRAM SERVICES | PROGRAM ADVISORY SERVICES | $531,826 |
| SOUTH ASIA | 1 | 9 | PROGRAM SERVICES | PROGRAM ADVISORY SERVICES | $323,209 |
| CENTRAL AMERICA AND THE CARIBBEAN | 1 | 0 | PROGRAM SERVICES | PROGRAM ADVISORY SERVICES | $4,089 |
| SOUTH ASIA | 0 | 0 | INVESTMENTS | $230,594 | |
| SUB-SAHARAN AFRICA | 0 | 0 | INVESTMENTS | $216,820 | |
| SOUTH AMERICA | 0 | 0 | INVESTMENTS | $356,020 | |
| SOUTH AMERICA | 0 | 0 | GRANTMAKING | $13,000 | |
| EAST ASIA AND THE PACIFIC | 0 | 0 | GRANTMAKING | $11,594 | |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTMAKING | $4,000 | |
| SOUTH ASIA | 0 | 0 | GRANTMAKING | $53,248 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 4 | SubtotalOfficesCnt |
| Subtotal Employees | 25 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 4 | TotalOfficeCnt |
| Total Employee | 25 | TotalEmployeeCnt |
| Subtotal Spent | $2,404,435 | SubtotalSpentAmt |
| Continuation Spent | $81,842 | ContinuationSpentAmt |
| Total Spent | $2,486,277 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (4 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|
| EAST ASIA AND THE PACIFIC | TECHNICAL ASSISTANCE | $11,594 | WIRE TRANSFER |
| SOUTH ASIA | TECHNICAL ASSISTANCE | $33,248 | WIRE TRANSFER |
| CENTRAL AMERICA AND THE CARIBBEAN | TECHNICAL ASSISTANCE | $13,000 | WIRE TRANSFER |
| SOUTH ASIA | TECHNICAL ASSISTANCE | $20,000 | WIRE TRANSFER |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 4 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | Yes (1) | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | USE OF FUNDS REPORTS ARE OBTAINED QUARTERLY AND THE AUDITED FINANCIALS OF THE RECIPIENT ORGANIZATIONS ARE REVIEWED ANNUALLY. THE ORGANIZATION WORKS CLOSELY WITH ITS HIGH IMPACT BUSINESSES ABROAD TO CREATE CUSTOMIZED TECHNICAL ASSISTANCE PROGRAMS BASED ON THE NEEDS OF THE BUSINESS. IN ADDITION TO REQUIRING EACH GRANTEE TO SUBMIT QUARTERLY REPORTS ON THE USE OF FUNDS, FINANCIAL STATUS, AND ACHIEVEMENTS AS A RESULT OF THE GRANT, THE ORGANIZATION MEETS REGULARLY WITH THE BUSINESS TO FOSTER A WORKING RELATIONSHIP THAT ALLOWS FOR CONSTANT UPDATES AND OPEN COMMUNICATION ABOUT THE GRANT USE AND FUTURE PARTNERSHIPS. |
| PART I, LINE 3: | THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES IN THE LISTED REGIONS. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NOVICA FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3250 OCEAN PARK BLVD | AddressLine1Txt |
| City | SANTA MONICA | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90405 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 263393242 | RecipientEIN |
| IRC Section | 501(C)(3) | IRCSectionDesc |
| Cash Grant | $85,700 | CashGrantAmt |
| Purpose Of Grant | TECHNICAL ASSISTANCE | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 1 | 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 | USE OF FUNDS REPORTS ARE OBTAINED QUARTERLY AND ANNUALLY A COPY OF THE AUDITED FINANCIALS OF THE RECIPIENT ORGANIZATION ARE REVIEWED. GBF WORKS CLOSELY WITH CAPACITY BUILDING PARTNERS TO CREATE CUSTOMIZED PLANS FOR ITS HIGH IMPACT BUSINESSES ABROAD. IN ADDITION TO REQUIRING QUARTERLY REPORTS ON USE OF FUNDS AND ACHIEVEMENTS OF THE ORGANIZATION, GBF MEETS REGULARLY WITH THE ORGANIZATION TO FOSTER A WORKING RELATIONSHIP WHICH ALLOWS FOR CONSTANT UPDATES AND OPEN COMMUNICATION ABOUT THE GRANT USE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | Yes (1) | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | Yes (1) | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HAROLD ROSEN | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $198,255 | $0 | $0 | $0 | $1,613 | $0 | $9,913 | $0 | $0 | $0 | $209,781 | $0 | $0 | $0 |
| JAIME RAMIREZ | ||||||||||||||
| COO/CIO | $156,357 | $0 | $0 | $0 | $154 | $0 | $7,818 | $0 | $2,177 | $0 | $166,506 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 4C | IN AN EFFORT TO ATTRACT AND RETAIN HIGHLY-QUALIFIED STAFF AND INCENTIVIZE HIGH PERFORMANCE OF THE FUND THE ORGANIZATION CREATED A STAFF INCENTIVE PLAN WHEREIN CERTAIN MEMBERS OF THE MANAGEMENT TEAM CAN RECEIVE A PERCENTAGE OF THE ORGANIZATION'S ALLOTED DISTRIBUTION PAID FROM A RELATED PARTNERSHIP. THE PLAN IS STRUCTURED WITH A VESTING SCHEDULE AND THE PAYOUT IS CONTINGENT ON THE SUCCESS OF THE RELATED PARTNERSHIP'S FUTURE EARNINGS. THE AMOUNT PAYABLE TO THE MANAGEMENT TEAM IS NOT CURRENTLY FIXED AND DETERMINABLE AND IS NOT REPORTED ON SCHEDULE J AS COMPENSATION TO THE RECIPIENT. |
| PART I, LINE 5 | SEE DESCRIPTION FOR SCHEDULE J, PART I, LINE 4C. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1 | GRASSROOTS BUSINESS FUND (GBF), A BRAND OF ENTITIES, DELIVERS A DISTINCTIVE BLEND OF INVESTMENT CAPITAL AND BUSINESS ADVISORY SERVICES THROUGH TWO MAIN VEHICLES WORKING TOGETHER: A PRIVATE INVESTMENT FUND AND A NON-PROFIT ORGANIZATION. THROUGH THE FUND, GRASSROOTS BUSINESS INVESTORS I, LP (GBI-I), GBF MAKES EQUITY, MEZZANINE EQUITY, MEZZANINE DEBT, AND STRAIGHT DEBT INVESTMENTS. THESE CUSTOMIZED INVESTMENT STRUCTURES ENSURE THAT GBF'S INVESTMENT PERFORMANCE ALIGNS WITH THE BUSINESSES' PERFORMANCE. THE FUND DELIVERS A FORM OF CAPITAL SUITABLE FOR LONG-TERM INVESTMENT IN BUSINESSES SERVICING LOW INCOME COMMUNITIES. IN TANDEM, THE NON-PROFIT ORGANIZATION, GRASSROOTS BUSINESS PARTNERS, INC. (GBP), PROVIDES BUSINESS ADVISORY SERVICES TO CLIENTS IN THE FUND. GBF'S STAFF, EXPERT CONSULTANTS, AND LOCAL SERVICE PROVIDERS FOCUS ON ENHANCING FINANCIAL AND STRATEGIC PLANNING, CORPORATE GOVERNANCE, HUMAN RESOURCE MANAGEMENT, MARKETING, SUPPLY CHAIN MANAGEMENT, AND MANAGEMENT INFORMATION SYSTEMS. ADDITIONALLY GBP, MANAGES THE INVESTMENT FUND, AND LOOKS FOR WAYS TO FURTHER THE FIELD FOR IMPACT INVESTING THROUGH KNOWLEDGE SHARING AND PLATFORM DEVELOPMENT. |
| FORM 990, PART VI, SECTION A, LINE 2 | THE FOLLOWING DIRECTORS OF THE ORGANIZATION ARE ALSO INVESTORS IN A RELATED PARTNERSHIP, GRASSROOTS BUSINESS INVESTORS I, LP: ANDREW ADELSON, HAROLD ROSEN, AND MWAGHAZI MWACHOFI. EACH OF THESE DIRECTORS CONTRIBUTED CAPITAL TO THE PARTNERSHIP AND RECEIVED A CORRESPONDING INVESTMENT INTEREST IN THE PARTNERSHIP. NONE OF THE INVESTORS HAVE A VOTING INTEREST IN NOR DO THEY RECEIVE COMPENSATION FROM GRASSROOTS BUSINESS INVESTORS I, LP. |
| FORM 990, PART VI, SECTION A, LINE 7B | IN ADDITION TO THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, THERE IS A FUND ADVISORY COMMITTEE (FAC) THAT GOVERNS THE MANAGEMENT OF GRASSROOTS BUSINESS INVESTORS FUND I, LP'S FUNDS. THE FAC IS COMPRISED OF SOME LARGE INVESTORS IN THE FUND. THERE IS ALSO AN INVESTMENT COMMITTEE THAT VOTES ON WHICH HIGH IMPACT BUSINESSES WILL RECEIVE FUNDING. THIS COMMITTEE MUST CONTAIN A MEMBER OF THE ORGANIZATION'S GOVERNING BODY WHO HAS VETO RIGHTS. |
| FORM 990, PART VI, SECTION A, LINE 8B | THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE PREPARED FORM 990 IS SUBMITTED TO THE MEMBERS OF THE GOVERNING BODY FOR REVIEW AND APPROVAL BEFORE THE RETURN IS FILED WITH THE IRS. AT THE REQUEST OF THE GOVERNING BODY, A REPRESENTATIVE OF THE INDEPENDENT ACCOUNTING FIRM MAY ATTEND A MEETING OF THE GOVERNING BODY TO ANSWER QUESTIONS RELATED TO THE FINANCIAL CONDITION OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION CURRENTLY HAS A CONFLICT OF INTEREST POLICY THAT COVERS ALL EMPLOYEES AND THE MEMBERS OF THE GOVERNING BODY. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY WAS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY. THE ORGANIZATION REQUIRES EACH MEMBER OF THE GOVERNING BODY TO SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ON AN ANNUAL BASIS. THE FORM REQUIRES THAT ANY CURRENT OR POTENTIAL CONFLICTS OF INTEREST BE DISCLOSED. SHOULD A POTENTIAL NEW CONFLICT BE DISCLOSED, IT IS REVIEWED AT EITHER THE GOVERNING BODY OR SENIOR MANAGEMENT LEVEL TO DETERMINE WHETHER IT IS AN ACTUAL CONFLICT. IF IT IS DEEMED A CONFLICT OF INTEREST, THE EMPLOYEE OR DIRECTOR IS EXCLUDED FROM ANY DECISION-MAKING MEETINGS AND DECISIONS RELATING TO THE TRANSACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE MEMBERS OF THE GOVERNING BODY REVIEW AND APPROVE THE GENERAL STRUCTURE OF THE ORGANIZATION'S COMPENSATION AS WELL AS THE SPECIFIC COMPENSATION OF THE MANAGEMENT TEAM. THE GOVERNING BODY GOVERNS COMPENSATION AND BONUS ADMINISTRATION. THE GOVERNING BODY DECIDES THE GENERAL LEVEL OF COMPENSATION FOR ALL STAFF. STAFF IS COMPENSATED BASED ON INDUSTRY AVERAGES AND THEN COMPENSATION IS APPROVED BY MANAGEMENT. MANAGEMENT'S COMPENSATION IS EVALUATED ANNUALLY AND APPROVED BY THE GOVERNING BODY. THE MOST RECENT REVIEW OF MANAGEMENT COMPENSATION TOOK PLACE IN JUNE 2017, UTILIZING PERFORMANCE AS WELL AS COMPARABLE DATA TO DETERMINE THE FINAL LEVEL OF COMPENSATION FOR MANAGERS. ALL FULL TIME EMPLOYEES ARE ELIGIBLE FOR A BONUS EQUAL TO A MAXIMUM PERCENTAGE OF THEIR GROSS ANNUAL BASE SALARY AS DETERMINED IN THEIR WRITTEN EMPLOYMENT CONTRACT. THE MEMBERS OF THE GOVERNING BODY REVIEW THE OVERALL ALLOCATION OF BONUSES AND IN DETAIL DETERMINE AND APPROVE THE BONUSES FOR MANAGEMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, FINANCIAL STATEMENTS WERE PUBLISHED IN THE ANNUAL REPORT. |
| FORM 990, PART XI, LINE 9: | FOREIGN CURRENCY TRANSLATION LOSS -6,534. LOSS ON DISPOSAL OF FURNITURE AND EQUIPMENT -455. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GBF GP I LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1209 N ORANGE ST | AddressLine1Txt |
| City | WILMINGTON | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 198011120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 453041117 | EIN |
| Primary Activities | HOLDING COMPANY | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Total Income | -$266,124 | TotalIncomeAmt |
| End Of Year Assets | $0 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRASSROOTS BUSINESS PARTNERS INC | BusinessNameLine1Txt |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GBI MASTER FUND I LP | |||||||||||||||||
| 1710 RHODE ISLAND AVE NW | WASHINGTON | DC | 200363007 | 352426727 | INVESTMENT | DE | N/A | INVESTMENT | $8,915 | 0 | 0 | 0.00840 | |||||
| GRASSROOTS BUSINESS INVESTORS FUND I LP | |||||||||||||||||
| 453187922 | INVESTMENT | INVESTMENT | -$19,908 | 0 | 0 | 1.00000 | 190 ELGIN AVE | GRAND CAYMAN | CJ | CJ | GBF GP I LLC | ||||||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1ForeignAddress/AddressLine1Txt | Province Or StateForeignAddress/ProvinceOrStateNm | CountryForeignAddress/CountryCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|
| GRASSROOTS BUSINESS INVESTMENT ADVISORS PRIVATE LTD | ||||||||||
| 6 BASANT LOK VASANT VIHAR FL 3 | NEW DELHI | IN | INVESTMENT | IN | GBF GB I LLC | C | $36,140 | $136,268 | 0.99990 | 0 |
| GRASSROOTS BUSINESS PARTNERS INC SURCUSAL PERU | ||||||||||
| CALLE PASEO LA REPUBLICA 6010 | LIMA | PE | INVESTMENT | PE | GBF GB I LLC | C | $304,828 | $50,708 | 1.00000 | 0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | 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 | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (5 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| GRASSROOTS BUSINESS INVESTORS FUND I LP | ||
| N | $482,263 | ACTUAL COST |
| GRASSROOTS BUSINESS PARTNERS INC SURCUSAL PERU | ||
| N | $87,562 | FACE AMOUNT |
| GRASSROOTS BUSINESS INVESTORS FUND I LP | ||
| Q | $298,273 | FACE AMOUNT |
| GRASSROOTS BUSINESS INVESTMENT ADVISORS PRIVATE LTD | ||
| R | $230,594 | FACE AMOUNT |
| GRASSROOTS BUSINESS PARTNERS INC SURCUSAL PERU | ||
| R | $356,020 | FACE AMOUNT |