Refugee Investment Network Inc
- Assets
- $385.0k
- Revenue
- $572.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- Data as of
- 12/2021
- EIN
- 84-4496089
Organization Overview
Refugee Investment Network Inc is located in Washington, DC. Refugee Investment Network Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RIN CONNECTS INVESTORS WITH REFUGEE VENTURES, BUILD THE FIELD OF REFUGEE INVESTMENT, CHANGES THE NARRATIVE AROUND CONTRIBUTION OF REFUGEES, AND ADVOCATES FOR MORE INCLUSIVE ECONOMIC POLICIES. ULTIMATELY RIN AIMS TO CREATE QUALITY JOBS, ECONOMIC GROWTH, AND MEASURABLE IMPROVEMENTS TO THE LIVELIHOODS OF MILLIONS OF REFUGEES AND THE COMMUNITIES THAT HOST THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONNECTED MILLIONS OF DOLLARS IN PRIVATE COMMITMENTS FOR REFUGEE INVESTMENTS; LAUNCHED THE INITIATIVE FOR INCLUSIVE INVESTMENT IN JORDAN, UGANDA, KENYA, ETHOPIA, COLUMBIA IN ADDITION TO MEXICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy W Docking Co- Managing Director | Trustee | 40 | $58,792 |
John Kluge Co- Managing Director | Trustee | 40 | $43,423 |
Andrew Stern Board Member | Trustee | 2 | $0 |
Sandra Osborne Kartt Board Member | Trustee | 2 | $0 |
Ruma Bose Board Member | 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 | $572,076 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $572,076 |
| 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 | $572,076 |
| 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 | $139,995 |
| 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 | $25,741 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $384,163 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,315 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $633 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $556,569 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $298,170 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $86,877 |
| 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 | $385,047 |
| Accounts payable and accrued expenses | $181,195 |
| Grants payable | $215,714 |
| 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 | $396,909 |
| Net assets without donor restrictions | -$11,862 |
| 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 | $385,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Refugee Investment Network Inc has recieved totaling $53,200.
| Awarding Organization | Amount |
|---|---|
The Global Development Incubator Inc Washington, DC PURPOSE: GENERAL SUPPORT | $53,200 |
View Grant Recipient Profile
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Truth Initiative Foundation Washington, DC | $1,008,096,015 | $92,158,475 |
Lutheran Immigration And Refugee Service Baltimore, MD | $69,973,896 | $114,665,821 |
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