Sostenica Inc

Organization Overview

Sostenica Inc is located in West Chester, PA. The organization was established in 2001. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sostenica 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 12/2020, Sostenica Inc generated $494.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $673.8k during the year ending 12/2020. While expenses have increased by 23.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SOSTENICA EMPOWERS THE PEOPLE OF NICARAGUA TO ACHIEVE FINANCIAL SECURITY AND HEALTHY LIVES WITHIN VIBRANT, SUSTAINABLE COMMUNITIES THROUGH MICROCREDIT, TECHNICAL ASSISTANCE, AND OUTREACH TO LOW INCOME SMALLHOLDER FARMERS AND SCHOOL CHILDREN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESEARCH STRATEGIES FOR SUSTAINABLE AGRICULTURE IN RURAL NICARAGUA AND TRAIN LOCAL FARMERS IN STRATEGIES DEVELOPED. RESEARCH INTO OCCUPATIONAL RISK FACTORS OF CHRONIC KIDNEY DISEASE (CKD) AMONG A COHORT OF CENTRAL AMERICAN WORKERS AFFECTING CLIENTS OF SOSTENICA.


ADMINISTER AND PROMOTE MICRO-LENDING PROGRAM TO SUPPORT SUSTAINABLE ECONOMIC DEVELOPMENT IN RURAL NICARAGUA.


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Board, Officers & Key Employees

Name (title)Compensation
Joseph Denicola
Executive Director
$60,000
Alan Wright
President
$0
Rachel Lindsay
Secretary
$0
Peter Guarino
Vice President
$0
Tim Keyes
Treasurer
$0
Rev Owen Owens
Member
$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$433,333
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$433,333
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 $494,726

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sostenica Inc has recieved totaling $20.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$20
View Grant Recipient Profile

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