Esperanza International Foundation

Organization Overview

Esperanza International Foundation is located in Bellevue, WA. The organization was established in 1995. As of 12/2021, Esperanza International Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza International Foundation 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 12/2021, Esperanza International Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $925.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

OUR MISSION IS TO FREE FAMILIES FROM POVERTY AND SHARE THE HOPE OF CHRIST THROUGH MICROFINANCE AND NON FINANCIAL SERVICES OFFERED TO FAMILIES IN THE DOMINICAN REPUBLIC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, ESPERANZA INTERNATIONAL, THROUGH ASSOCIATION ESPERANZA INTERNATIONAL, INC., A RELIGIOUS ORGANIZATION IN DOMINICAN REPUBLIC, PROVIDED 8,077 LOANS TO DESERVING ENTREPRENEURS THROUGH ITS MICROFINANCE PROGRAMS. OF THOSE LOANS, 76% WERE DISBURSED TO WOMEN AND 51% WERE HAITIAN OR OF HAITIAN DESCENT. ESPERANZA OFFERED ITS BORROWERS SIX DIFFERENT LOAN PRODUCTS: BANK OF ESPERANZA LOANS, SOLIDARITY GROUP LOANS, HOUSING LOANS, INDIVIDUAL LOANS, CHURCH INITIATIVE LOANS, AND SCHOOL LOANS. THE LOAN PORTFOLIO AVERAGED USD $2.57 MILLION DURING 2021 WITH AN AVERAGE GROUP LOAN DISBURSED IN THE AMOUNT OF $313, AND THE AVERAGE INDIVIDUAL LOAN OF $898.


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Board, Officers & Key Employees

Name (title)Compensation
Alexandra Nunez
President & CEO
$132,659
Dave Valle
Founder
$129,795
Toby Kilgore
Board Chair
$0
Jerameel Rosario
Vice Chair
$0
Dave Wasik
Secretary/op Chair
$0
Scott Olson
Treasurer/fin Chair
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$253,389
Related organizations$0
Government grants $57,050
All other contributions, gifts, grants, and similar amounts not included above$931,744
Noncash contributions included in lines 1a–1f $9,384
Total Revenue from Contributions, Gifts, Grants & Similar$1,242,183
Total Program Service Revenue$0
Investment income $10,858
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$5,063
Net Income from Fundraising Events -$43,409
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,204,569

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Esperanza International Foundation has recieved totaling $269,339.

Awarding OrganizationAmount
Hope International

Lancaster, PA

PURPOSE: ASSIST WITH GROWING MICROENTERPRISE OPERATIONS AND MISSION TRIPS.

$180,000
National Christian Charitable Foundation Inc

Alpharetta, GA

PURPOSE: POVERTY

$50,500
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HEALTH

$25,500
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$13,339
View Grant Recipient Profile

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