Womens Microfinance Initiative Corporation
- Assets
- $332.5k
- Revenue
- $268.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 26-1384627
Organization Overview
Womens Microfinance Initiative Corporation is located in Bethesda, MD. The organization was established in 2008. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Microfinance Initiative Corporation 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 12/2022, Womens Microfinance Initiative Corporation generated $268.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $227.6k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE ATTACHMENT 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROFINANCE LOAN PROGRAM - SEE ATTACHMENT 2
BUILDINGS/INFRASTRUCTURE - SEE ATTACHMENT 3
SPECIAL PROJECTS - SEE ATTACHMENT 4
INTERN PROGRAM - SEE ATTACHMENT 5 BORROWER TRAINING AND ADMINISTRATION - SEE ATTACHMENT 6
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Gordon Vice President | OfficerTrustee | 5 | $0 |
Teresa Ciccotelli Secretary | OfficerTrustee | 5 | $0 |
Deborah Smith Treasurer | OfficerTrustee | 5 | $0 |
Robyn Nietert President | OfficerTrustee | 40 | $0 |
Jane Erickson First Vice President | OfficerTrustee | 5 | $0 |
June Kyakobye Special Advisor For The Buyobo Project | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,926 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,701 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $268,627 |
| Total Program Service Revenue | $0 |
| Investment income | $103 |
| 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 | $268,730 |
| 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 | $206,691 |
| 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 | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,932 |
| Advertising and promotion | $0 |
| Office expenses | $1,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $140 |
| 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 | $1,356 |
| All other expenses | $0 |
| Total functional expenses | $227,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,883 |
| Savings and temporary cash investments | $106,658 |
| 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 | $0 |
| Total assets | $332,541 |
| Accounts payable and accrued expenses | $127 |
| 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 | $0 |
| Total liabilities | $127 |
| Net assets without donor restrictions | $332,414 |
| 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 | $332,541 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Womens Microfinance Initiative Corporation has recieved totaling $72,179.
| Awarding Organization | Amount |
|---|---|
Together Women Rise Greenville, SC PURPOSE: AFRICAN WOMEN | $25,000 |
Give Back Foundation Madison, WI PURPOSE: PROGRAM SUPPORT | $17,807 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,643 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $12,675 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Donald B And Dorothy L Stabler Foundation Harrisburg, PA | $483,040,822 | $63,822,611 |
International Planned Parenthood Federation - Worldwide Inc Washington, DC | $12,892,390 | $8,172,775 |
Fund For Charitable Giving Pittsburgh, PA | $174,176,180 | $114,342,351 |
International Initiative For Impact Evaluation Inc Washington, DC | $36,732,624 | $4,478,166 |
Washington Lawyers Committee For Civil Rights & Urban Affairs Washington, DC | $6,938,100 | $7,098,758 |
Adira Foundation Richmond, VA | $46,085 | $190,912 |
Rubin Family Foundation Bensalem, PA | $4,953,491 | $893,762 |
Ruth And Jo Stone Foundation Wilmington, DE | $38,423,105 | $10,158,893 |
Westmoreland Cultural Trust Greensburg, PA | $14,583,491 | $2,146,840 |
Tudor Place Foundation Inc Washington, DC | $3,166,856 | $2,256,203 |
The Beirne Carter Foundation Richmond, VA | $25,189,504 | $3,003,577 |
Homes For Hope Lancaster, PA | $4,138,617 | $1,481,409 |