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Nonprofiteer
← GRAMEEN AMERICA INC

Form 990 for tax year 2023

Filed by GRAMEEN AMERICA INC.

Totals

Total revenue
$83,384,408
Total expenses
$32,943,033
Contributions and grants received
$41,864,274
Grants paid
$680,000
Program services expenses (Part IX)
$30,824,505
Management and general expenses
$1,232,674
Fundraising expenses
$885,854
Program service expenses (Part III)
$30,824,505

Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ANDREA JUNG

    PRESIDENT & CEO

    Total calculated
    $649,409
    From this org
    $628,494
    From related orgs
    $0
    Other
    $20,915
    Hours/week
    37.5 + 2.5 related

    Schedule J breakdown matched by us

    Base
    $496,250
    Bonus
    $130,000
    Other
    $2,244
    Deferred
    $9,423
    Nontaxable benefits
    $11,492
    Filer's total
    $649,409

  • PROFESSOR MUHAMMAD YUNUS

    CO-CHAIR

    Total calculated
    $8,413
    From this org
    $0
    From related orgs
    $0
    Other
    $8,413
    Hours/week
    5

  • JOHN F MEGRUE

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • MICHAEL D GRANOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • VIDAR J JORGENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KAREN PRITZKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.1 related

  • MAHMOUD MAMDANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BENJAMIN FARKAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ABDUL HAI KHAN

    DIRECTOR (THRU 03/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT ANNIBALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • NANDITA BAKHSHI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • LORI DICKERSON FOUCHE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER R JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARIA C ALONSO

    DIRECTOR (AS OF 06/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • TASMINA RAHMAN

    DIRECTOR (AS OF 06/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • ADRIANA P TORRES

    DIRECTOR (AS OF 06/2023)

    Total calculated
    $0
    Hours/week
    0.5

  • MIRIAM BENITEZ NIEVES

    SEC. & VP OF LEGAL

    Total calculated
    $232,611
    From this org
    $214,550
    From related orgs
    $0
    Other
    $18,061
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,531
    Bonus
    $28,800
    Other
    $1,219
    Deferred
    $5,690
    Nontaxable benefits
    $12,371
    Filer's total
    $232,611

  • DAVID GOUGH

    EXEC VP & CFO (THRU 03/2023)

    Total calculated
    $99,549
    From this org
    $94,760
    From related orgs
    $0
    Other
    $4,789
    Hours/week
    39 + 1 related

  • LUCAS RAMIREZ

    CFO (AS OF 03/2023)

    Total calculated
    $320,389
    From this org
    $316,109
    From related orgs
    $0
    Other
    $4,280
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $262,412
    Bonus
    $53,500
    Other
    $197
    Deferred
    $3,681
    Nontaxable benefits
    $599
    Filer's total
    $320,389

  • RAJITHA SWAMINATHAN

    VP, PROGRAM STRATEGY & MEMBER SVCS

    Total calculated
    $230,014
    From this org
    $208,737
    From related orgs
    $0
    Other
    $21,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,575
    Bonus
    $37,000
    Other
    $162
    Deferred
    $5,289
    Nontaxable benefits
    $15,988
    Filer's total
    $230,014

  • JILL MONUM

    VP, DEVELOPMENT & MARKETING

    Total calculated
    $229,487
    From this org
    $223,686
    From related orgs
    $0
    Other
    $5,801
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,416
    Bonus
    $36,000
    Other
    $270
    Deferred
    $5,202
    Nontaxable benefits
    $599
    Filer's total
    $229,487

  • DIANA SACCHI

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $297,349
    From this org
    $276,013
    From related orgs
    $0
    Other
    $21,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,475
    Bonus
    $43,350
    Other
    $1,188
    Deferred
    $7,138
    Nontaxable benefits
    $14,198
    Filer's total
    $297,349

  • PATRICIA CHOI

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $295,212
    From this org
    $277,430
    From related orgs
    $0
    Other
    $17,782
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,177
    Bonus
    $36,253
    Other
    $0
    Deferred
    $7,317
    Nontaxable benefits
    $10,465
    Filer's total
    $295,212

  • HABIB CHOWDHURY

    VP, NATIONAL OPERATIONS

    Total calculated
    $262,919
    From this org
    $222,986
    From related orgs
    $0
    Other
    $39,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,798
    Bonus
    $35,000
    Other
    $1,188
    Deferred
    $5,929
    Nontaxable benefits
    $34,004
    Filer's total
    $262,919

  • ALETHIA MENDEZ

    DIVISION PRESIDENT

    Total calculated
    $258,784
    From this org
    $241,908
    From related orgs
    $0
    Other
    $16,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,674
    Bonus
    $38,055
    Other
    $179
    Deferred
    $6,221
    Nontaxable benefits
    $10,655
    Filer's total
    $258,784

  • MARCUS BERKOWITZ

    CHIEF PRODUCT & INNOVATION OFFICER

    Total calculated
    $243,121
    From this org
    $217,483
    From related orgs
    $0
    Other
    $25,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,821
    Bonus
    $38,500
    Other
    $162
    Deferred
    $2,994
    Nontaxable benefits
    $22,644
    Filer's total
    $243,121

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 — 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

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
GRAMEEN AMERICA, INC. PERMITS PROFESSOR YUNUS, CHAIRMAN AND ANDREA JUNG, THE PRESIDENT & CEO TO FLY FIRST CLASS WHEN THEY ARE TRAVELING ON MATTERS PERTAINING TO THE ORGANIZATION'S MISSION.
PART I, LINE 7
IN CALENDAR YEAR 2023, GRAMEEN AMERICA PROVIDED BONUSES TO VARIOUS INDIVIDUALS REPORTED ON THE FORM 990 UPON MEETING CERTAIN OBJECTIVE PERFORMANCE-BASED CRITERIA AS OUTLINED IN THE ORGANIZATION'S COMPENSATION POLICY. THE PRESIDENT AND CEO SETS ALL PERFORMANCE OBJECTIVES AND APPROVES ALL BONUSES AT YEAR END. THESE PAYMENTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(II).

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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202412989349300106

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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