Grameen Research Inc
- Assets
- $111.6k
- Revenue
- $52.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Woburn, MA
- Founding
- 06/2008
- Data as of
- 12/2019
- EIN
- 20-8498163
Organization Overview
Grameen Research Inc is located in Woburn, MA. The organization was established in 2008. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grameen Research Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Grameen Research Inc generated $52.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $52.7k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (28.2%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
GRAMEEN RESEARCH, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT CORPORATION WITH A MISSION TO UNDERTAKE RESEARCH, EDUCATION, AND TRAINING PROJECTS IN THE FIELD OF MICROFINANCE. THE ORGANIZATION'S PRIMARY ACTIVITIES WILL BE TO CONDUCT RESEARCH ON THE APPLICATION OF THE "GRAMEEN MODEL", PROVIDE FINANCIAL COUNSELING AND EDUCATION TO THE POOREST POPULATIONS, AND PROVIDE TRAINING TO MICROFINANCE PROFESSIONALS WHO ARE APPLYING THE GRAMEEN MODEL. THE ORGANIZATION INITIALLY ESTABLISHED A PRESENCE IN THE UNITED STATES AND HAS SINCE, AND CONTINUES, TO EXPAND TO COUNTRIES THROUGHOUT THE WORLD.GRAMEEN RESEARCH, INC. HAS BEEN CREATED TO COMPLEMENT THE VARIOUS MICROFINANCE, HEALTHCARE, AND EDUCATION INITIATIVES OF THE GRAMEEN TRUST IN THE UNITED STATES AND THROUGHOUT THE WORLD. THE GRAMEEN TRUST IS AN AFFILIATE OF THE GRAMEEN BANK OF BANGLADESH, WHICH INITIATED THE GRAMEEN MODEL OF MICROFINANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO RAISE MONEY FOR AND TO FURTHER THE PRACTICE OF MICROLENDING IN THE UNITED STATES AS A MEANS OF ASSISTING THE COUNTRY'S POOR AND PROMOTING ECONOMIC GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vidar J Jorgensen President | OfficerTrustee | 10 | $0 |
Vidar J Jorgensen Treasurer | OfficerTrustee | 2 | $0 |
Vidar J Jorgensen Director | OfficerTrustee | 2 | $0 |
Jill E Hanson Clerk | OfficerTrustee | 2 | $0 |
Muhammad Yunus Director | Trustee | 2 | $0 |
Professor Hi Latifee Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,266 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,266 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,266 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $0 |
| Office expenses | $69 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,652 |
| Total functional expenses | $52,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,001 |
| Total assets | $111,638 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $110,001 |
| Total liabilities | $110,001 |
| Net assets without donor restrictions | $1,637 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $111,638 |