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Nonprofiteer
← PRO MUJER INC

Form 990 for tax year 2022

Filed by PRO MUJER INC.

Totals

Total revenue
$73,791,330
Total expenses
$59,022,219
Contributions and grants received
$11,176,473
Grants paid
$2,075,513
Program service revenue
$60,206,034
Investment income
$1,802,178
Other revenue
$606,645
Total assets, end of year
$255,520,518
Total liabilities, end of year
$206,403,108
Net assets or fund balances, end of year
$49,117,410
Program services expenses (Part IX)
$53,511,779
Management and general expenses
$4,432,778
Fundraising expenses
$1,077,662
Program service expenses (Part III)
$53,511,779

Program services were 90.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $130,000

  • 1f · All other contributions, gifts and grants

    $11,046,473

  • 1g · Noncash contributions included above

    $52,129

  • 2a · Program service revenue: PROGRAM FINANCIAL SERVICES

    total $58,950,018 · related or exempt $58,950,018

  • 2b · Program service revenue: PROGRAM HEALTH SERVICES

    total $1,256,016 · related or exempt $1,256,016

  • 3 · Investment income

    total $1,802,178 · excluded $1,802,178

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $606,645 · excluded $606,645

  • 11e · Other revenue, total

    $606,645

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,166,784 · program services $1,166,784

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $908,729 · program services $908,729

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,057,893 · program services $927,336 · management and general $93,719 · fundraising $36,838

  • 6 · Compensation of disqualified persons

    total $217,607 · program services $190,752 · management and general $19,278 · fundraising $7,577

  • 7 · Other salaries and wages

    total $13,653,712 · program services $11,558,342 · management and general $1,448,331 · fundraising $647,039

  • 8 · Pension plan contributions

    total $2,127,482 · program services $1,862,547 · management and general $220,644 · fundraising $44,291

  • 9 · Other employee benefits

    total $4,377,530 · program services $4,249,998 · management and general $116,900 · fundraising $10,632

  • 10 · Payroll taxes

    total $26,280 · program services $23,008 · management and general $2,723 · fundraising $549

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $326,282 · management and general $326,282

  • 11c · Fees: accounting

    total $293,420 · management and general $293,420

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,160,639 · program services $5,435,886 · management and general $656,962 · fundraising $67,791

  • 12 · Advertising and promotion

    total $736,501 · program services $542,237 · management and general $116,628 · fundraising $77,636

  • 13 · Office expenses

    total $1,014,266 · program services $910,137 · management and general $83,003 · fundraising $21,126

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,189,641 · program services $3,016,186 · management and general $169,547 · fundraising $3,908

  • 17 · Travel

    total $776,651 · program services $683,160 · management and general $42,683 · fundraising $50,808

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $11,059,094 · program services $11,059,094

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,570,240 · program services $2,184,799 · management and general $381,141 · fundraising $4,300

  • 23 · Insurance

    total $517,696 · program services $494,775 · management and general $22,741 · fundraising $180

  • 24a · Other expenses: OTHER PROG & OPERATIONAL EXP.

    total $3,347,158 · program services $3,347,158

  • 24b · Other expenses: FOREIGN INCOME TAXES

    total $3,262,994 · program services $3,262,994

  • 24c · Other expenses: FINANCIAL EXPENSES

    total $130,898 · management and general $130,898

  • 24d · Other expenses: TRAINING & PROFESS. DEVE.

    total $64,016 · program services $62,744 · management and general $1,272

  • 24e · All other expenses

    total $2,036,706 · program services $1,625,113 · management and general $306,606 · fundraising $104,987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,772,384 · end of year $33,816,440

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $3,803,847

  • 3 · Pledges and grants receivable

    beginning of year $45,788 · end of year $63,785

  • 4 · Accounts receivable

    beginning of year $738,040 · end of year $1,080,939

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $170,214,281 · end of year $176,233,535

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,553,748 · end of year $3,538,851

  • 10a · Land, buildings and equipment: cost or other basis

    $13,104,217

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,884,720

  • 10c · Land, buildings and equipment, net

    beginning of year $4,196,906 · end of year $4,219,497

  • 11 · Investments: publicly traded securities

    beginning of year $24,607,314 · end of year $20,300,238

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $944,305 · end of year $1,098,106

  • 14 · Intangible assets

    beginning of year $1,865,183 · end of year $1,753,232

  • 15 · Other assets

    beginning of year $8,596,430 · end of year $9,612,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,504,256 · end of year $9,571,023

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $4,746,907 · end of year $3,670,196

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $177,505,656 · end of year $176,123,966

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $12,141,253 · end of year $17,037,923

  • 27 · Net assets without donor restrictions

    beginning of year $41,724,708 · end of year $40,145,505

  • 28 · Net assets with donor restrictions

    beginning of year $2,911,599 · end of year $8,971,905

Mission and programs · 2022

Mission

PRO MUJER EMPOWERS UNDERSERVED WOMEN IN LATIN AMERICA TO REALIZE THEIR FULL POTENTIAL. WE ARE A WOMEN'S DEVELOPMENT ORGANIZATION, SERVING MORE THAN A QUARTER OF A MILLION WOMEN. PRO MUJER IS A SOCIAL ENTERPRISE; IT HAS INCOME GENERATING UNITS THAT ARE FINANCIALLY SUSTAINABLE AND DOES NOT HAVE SHAREHOLDERS AS PART OF ITS FINANCIAL SERVICES OPERATIONS. TO PROVIDE HOLISTIC PROGRAMS THAT GO BEYOND FINANCIAL SERVICES TO SUPPORT THE MOST UNDERSERVED POPULATIONS, PRO MUJER DEPENDS ON PHILANTHROPIC CAPITAL.

Activities or mission (Part I)

TO PROVIDE FINANCIAL INCLUSION, HEALTH AND WELLBEING, AND entrepreneurship AND skilling opportunities for underserved women in Latin America, (continued on schedule o)

  • FINANCIAL SERVICES - Since 1990, Pro Mujer has promoted financial inclusion among women who lack access to traditional financial institutions. Services include savings, loans, and insurance, with a focus on new products and knowledge sharing in gender and impact investing. To date, Pro Mujer has disbursed over $4.4 billion dollars in small loans and investment to women in Latin America. (SEE SCHEDULE O)

    Expenses $50,059,670 · Grants $879,711 · Revenue $58,950,018

  • Health and Well-being - Pro Mujer provides access to low-cost, high-quality health services, including preventive health education, cancer screenings, lab tests, ultrasounds and dental care, in neighborhoods where women live and work. Furthermore, Pro Mujer works to prevent gender-based violence through holistic services that support women in vulnerable situations. To date, Pro Mujer has provided over 10 million health interventions thanks to generous contributions of philanthropic capital. (SEE SCHEDULE O)

    Expenses $1,478,622 · Grants $614,008 · Revenue $1,256,016

  • Entrepreneurship and Skilling - Pro Mujer facilitates the empowerment of women through programs that provide opportunities to strengthen skills in financial management, business planning, digital skills, and leadership. Pro Mujer is building a one-stop platform for women's economic empowerment in Latin America, leveraging philanthropic capital, technology, and partnerships to have regional impact. (SEE SCHEDULE O)

    Expenses $1,973,487 · Grants $581,794

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carmen Correa

    President & CEO (as of 1/22)

    Total calculated
    $371,731
    From this org
    $361,832
    From related orgs
    $0
    Other
    $9,899
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $291,832
    Bonus
    $70,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,899
    Filer's total
    $371,731

  • Maria Cavalcanti

    Former President & CEO

    Total calculated
    $217,607
    From this org
    $204,107
    From related orgs
    $0
    Other
    $13,500
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $54,000
    Other
    $150,107
    Deferred
    $13,500
    Nontaxable benefits
    $0
    Filer's total
    $217,607

  • ROLANDO SCHMIDT

    CHIEF FINANCIAL OFFICER

    Total calculated
    $191,815
    From this org
    $181,850
    From related orgs
    $0
    Other
    $9,965
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $157,000
    Bonus
    $24,850
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,965
    Filer's total
    $191,815

  • Mauricio Viscarra

    GENERAL MANAGER

    Total calculated
    $185,688
    From this org
    $170,230
    From related orgs
    $0
    Other
    $15,458
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $154,579
    Bonus
    $12,892
    Other
    $2,759
    Deferred
    $0
    Nontaxable benefits
    $15,458
    Filer's total
    $185,688

  • Alexandra Blanco Sejas

    General counsel

    Total calculated
    $170,835
    From this org
    $157,633
    From related orgs
    $0
    Other
    $13,202
    Hours/week
    48 + 2 related

    Schedule J breakdown matched by us

    Base
    $132,019
    Bonus
    $11,012
    Other
    $14,602
    Deferred
    $0
    Nontaxable benefits
    $13,202
    Filer's total
    $170,835

  • DiGeronimo Lelio THRU 922

    Chief Innovation & Tech. OFF.

    Total calculated
    $170,826
    From this org
    $164,906
    From related orgs
    $0
    Other
    $5,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,160
    Bonus
    $19,082
    Other
    $41,664
    Deferred
    $0
    Nontaxable benefits
    $5,920
    Filer's total
    $170,826

  • Maria Liliana Mor Gaviria

    Dir. of p'ship & development

    Total calculated
    $152,686
    From this org
    $152,686
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,992
    Bonus
    $12,694
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,686

  • NORMA SEGURA

    INTERNATIONAL CONTROLLER

    Total calculated
    $145,879
    From this org
    $141,632
    From related orgs
    $0
    Other
    $4,247
    Hours/week
    40 + 2 related

  • Maria Cruz Peman

    Chief Human Resources Officer

    Total calculated
    $134,040
    From this org
    $126,375
    From related orgs
    $0
    Other
    $7,665
    Hours/week
    40

  • Daniela S Colaci

    Member/consultant

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Ana Demel

    Chair

    Total calculated
    $0
    Hours/week
    5 + 2 related

  • Vanessa Dager

    Vice-Chair

    Total calculated
    $0
    Hours/week
    5

  • Camilo Mendez

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Mark R McMahon

    Secretary

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Zelma Acosta-Rubio

    Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jennifer Mary Brooks

    Member

    Total calculated
    $0
    Hours/week
    2

  • Diego Cristancho

    Member

    Total calculated
    $0
    Hours/week
    2

  • Cinthia Fernholz

    Member (eff. 4/22)

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey MacDonagh

    Member

    Total calculated
    $0
    Hours/week
    2

  • Alejandra Meglioli

    Member (eff. 6/22)

    Total calculated
    $0
    Hours/week
    2

  • Robert Rosone

    Member

    Total calculated
    $0
    Hours/week
    2

  • Gillian Shepherd Mestre

    Member

    Total calculated
    $0
    Hours/week
    2

  • Christine Switzer

    Member

    Total calculated
    $0
    Hours/week
    2

  • Adriana Rios Welton

    member (eff. 3/22)

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A:
DIGERONIMO LELIO, CHIEF INNOVATION & TECHNOLOGY OFFICER THRU SEPTEMBER OF 2022, RECEIVED A SEVERANCE PAYMENT OF $41,664, WHICH IS REPORTED ON SCHEDULE J, PART II, COLUMN (B)(III).
PART I, LINE 4B:
Maria Cavalcanti, Former President & CEO, WAS A PARTICIPANT IN A SECTION 457(F) PLAN AND RECEIVED $2,500 DURING THE REPORTING PERIOD WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • PRO MUJER MEXICO APOYO AC

    501(c)(3) · WOMEN'S SVCS · MX · controlled entity

    Directly controlled by PRO MUJER

  • WASI SOCIAL INNOVATION INC

    501(c)(3) · women's svcs · DE · controlled entity

    Directly controlled by PRO MUJER

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PROMUJER NICARAGUA LLC

    WOMEN'S SVCS · DE · income $12,958,793 · assets $26,264,235

    Directly controlled by PRO MUJER

  • Fundacin Pro Mujer IFD (Bolivia)

    WOMEN'S SVCS · BL · income $43,959,473 · assets $199,559,018

    Directly controlled by PRO MUJER

  • Fundacin Pro Mujer Argentina

    WOMEN'S SVCS · AR · income $4,450,393 · assets $7,715,050

    Directly controlled by PRO MUJER

  • Pro Mujer Social Enterprise LLC

    WOMEN'S SVCS · DE · income $0 · assets $0

    Directly controlled by PRO MUJER

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Asociacin Pro Mujer de Mxico SA DE CV

    C CORP · WOMEN'S SVCS · MX · 100% owned · share of income $5,329,033 · share of assets $12,031,130 · controlled entity

    Directly controlled by PRO MUJER

  • ILU VENTURES BV

    C CORP · HOLDING CORP. · NL · share of income $0 · share of assets $0

    Directly controlled by WASI

  • Pro Mujer Guatemala SA

    C CORP · FINANCIAL SRVCS. · GT · 99% owned · share of income $96,811 · share of assets $1,151,588 · controlled entity

    Directly controlled by PRO MUJER

Provenance

Return type
form_990
Tax year
2022
Filed
22 September 2023
IRS schema version
2022v5.0
Source object
202322689349301517

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