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Nonprofiteer
← WOMENS MICROFINANCE INITIATIVE CORPORATION

Form 990 for tax year 2023

Filed by WOMENS MICROFINANCE INITIATIVE CORPORATION.

Totals

Total revenue
$353,616
Total expenses
$423,374
Contributions and grants received
$353,550
Grants paid
$399,941
Program service revenue
$0
Investment income
$66
Other revenue
$0
Total assets, end of year
$263,572
Total liabilities, end of year
$916
Net assets or fund balances, end of year
$262,656
Program services expenses (Part IX)
$416,201
Management and general expenses
$6,312
Fundraising expenses
$861
Program service expenses (Part III)
$416,201

Program services were 98.3% 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.

  • 1a · Federated campaigns

    $22,863

  • 1f · All other contributions, gifts and grants

    $330,687

  • 3 · Investment income

    total $66 · unrelated business $0 · excluded $66

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $399,941 · program services $399,941

  • 11c · Fees: accounting

    total $2,000 · program services $0 · management and general $1,760 · fundraising $240

  • 11g · Fees: other

    total $8,420 · program services $8,420 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $1,015 · program services $0 · management and general $893 · fundraising $122

  • 23 · Insurance

    total $1,151 · program services $0 · management and general $1,013 · fundraising $138

  • 24a · Other expenses: BANK CHARGES

    total $1,864 · program services $790 · management and general $945 · fundraising $129

  • 24b · Other expenses: LICENSES AND PERMITS

    total $200 · program services $0 · management and general $176 · fundraising $24

  • 24c · Other expenses: COMMUNICATIONS

    total $1,733 · program services $0 · management and general $1,525 · fundraising $208

  • 24d · Other expenses: PROGRAM EXPENSES - OTHER

    total $7,050 · program services $7,050 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,883 · end of year $171,848

  • 2 · Savings and temporary cash investments

    beginning of year $106,658 · end of year $91,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $127 · end of year $916

  • 27 · Net assets without donor restrictions

    beginning of year $332,414 · end of year $262,656

Mission and programs · 2023

Mission

SEE SCHEDULE O.

  • MICROFINANCE LOAN PROGRAM - SEE SCHEDULE O.

    Expenses $102,000 · Grants $99,900

  • BUILDINGS/INFRASTRUCTURE - SEE SCHEDULE O.

    Expenses $209,227 · Grants $209,107

  • SPECIAL PROJECTS - SEE SCHEDULE O

    Expenses $77,172 · Grants $71,362

  • INTERN PROGRAM - SEE SCHEDULE O BORROWER TRAINING AND ADMINISTRATION - SEE SCHEDULE O

    Expenses $27,802 · Grants $19,572

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robyn Nietert

    PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Jane Erickson

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Elizabeth Gordon

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Teresa Ciccotelli

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Deborah Smith

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • June Kyakobye

    SPECIAL ADVISOR FOR THE BUYOBO PROJECT

    Total calculated
    $0
    Hours/week
    5

  • Beatrix Van Der Vossen

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 February 2024
IRS schema version
2023v4.0
Source object
202400429349300105

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