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Nonprofiteer
← PRO MUJER INC

Form 990 for tax year 2023

Filed by PRO MUJER INC.

Totals

Total revenue
$75,116,159
Total expenses
$73,358,588
Contributions and grants received
$7,180,910
Grants paid
$1,152,209
Program service revenue
$58,822,250
Investment income
$5,300,074
Other revenue
$3,812,925
Total assets, end of year
$270,187,060
Total liabilities, end of year
$230,226,721
Net assets or fund balances, end of year
$39,960,339
Program services expenses (Part IX)
$66,395,745
Management and general expenses
$5,840,719
Fundraising expenses
$1,122,124
Program service expenses (Part III)
$66,395,745

Program services were 90.5% 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)

    $7,000

  • 1f · All other contributions, gifts and grants

    $7,173,910

  • 1g · Noncash contributions included above

    $2,886

  • 2a · Program service revenue: PROGRAM FINANCIAL SERVICES

    total $58,030,106 · related or exempt $58,030,106

  • 2b · Program service revenue: PROGRAM HEALTH SERVICES

    total $792,144 · related or exempt $792,144

  • 3 · Investment income

    total $5,300,074 · excluded $5,300,074

  • 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: WRITE-OFF OF OTHER LIABILITIES

    total $1,659,112 · excluded $1,659,112

  • 11b · Other revenue: OTHER OPERATING INCOME

    total $2,153,813 · excluded $2,153,813

  • 11e · Other revenue, total

    $3,812,925

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $360,982 · program services $360,982

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $791,227 · program services $791,227

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $938,428 · program services $810,889 · management and general $103,869 · fundraising $23,670

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $16,432,970 · program services $13,950,029 · management and general $1,952,851 · fundraising $530,090

  • 8 · Pension plan contributions

    total $2,114,569 · program services $2,008,561 · management and general $105,728 · fundraising $280

  • 9 · Other employee benefits

    total $2,757,894 · program services $2,451,286 · management and general $299,600 · fundraising $7,008

  • 10 · Payroll taxes

    total $14,771 · program services $12,516 · management and general $1,863 · fundraising $392

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $329,983 · management and general $329,983

  • 11c · Fees: accounting

    total $1,798,704 · program services $1,432,561 · management and general $366,143

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $6,896,765 · program services $5,437,084 · management and general $1,201,922 · fundraising $257,759

  • 12 · Advertising and promotion

    total $711,538 · program services $493,681 · management and general $138,454 · fundraising $79,403

  • 13 · Office expenses

    total $753,535 · program services $678,594 · management and general $71,157 · fundraising $3,784

  • 14 · Information technology

    total $1,278,405 · program services $1,054,370 · management and general $184,474 · fundraising $39,561

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,564,513 · program services $3,282,468 · management and general $282,045

  • 17 · Travel

    total $1,277,257 · program services $1,086,022 · management and general $121,440 · fundraising $69,795

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $12,152,528 · program services $12,152,528

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $1,711,709 · program services $1,527,878 · management and general $180,957 · fundraising $2,874

  • 23 · Insurance

    total $0

  • 24a · Other expenses: ALLOWANCE FOR LOAN LOSSES

    total $8,376,178 · program services $8,376,178

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

    total $5,793,861 · program services $5,636,958 · management and general $96,818 · fundraising $60,085

  • 24c · Other expenses: MISCELLANEOUS TAXES

    total $2,066,769 · program services $1,877,367 · management and general $189,402

  • 24d · Other expenses: FOREIGN INCOME TAXES

    total $824,639 · program services $824,639

  • 24e · All other expenses

    total $2,411,363 · program services $2,149,927 · management and general $214,013 · fundraising $47,423

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $33,816,440 · end of year $37,436,835

  • 2 · Savings and temporary cash investments

    beginning of year $3,803,847 · end of year $2,727,505

  • 3 · Pledges and grants receivable

    beginning of year $63,785 · end of year $241,500

  • 4 · Accounts receivable

    beginning of year $1,080,939 · end of year $293,242

  • 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 $176,233,535 · end of year $185,451,696

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,538,851 · end of year $3,272,290

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

    $14,581,829

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

    $9,483,508

  • 10c · Land, buildings and equipment, net

    beginning of year $4,219,497 · end of year $5,098,321

  • 11 · Investments: publicly traded securities

    beginning of year $20,300,238 · end of year $24,701,411

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $1,098,106 · end of year $0

  • 14 · Intangible assets

    beginning of year $1,753,232 · end of year $1,148,075

  • 15 · Other assets

    beginning of year $9,612,048 · end of year $9,816,185

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,571,023 · end of year $33,892,988

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $3,670,196 · end of year $1,137,202

  • 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 $176,123,966 · end of year $181,301,077

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $17,037,923 · end of year $13,895,454

  • 27 · Net assets without donor restrictions

    beginning of year $40,145,505 · end of year $33,151,742

  • 28 · Net assets with donor restrictions

    beginning of year $8,971,905 · end of year $6,808,597

Mission and programs · 2023

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 $62,783,382 · Grants $638,318 · Revenue $57,997,649

  • 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 $3,230,304 · Grants $460,000

  • 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 $382,059 · Grants $53,891 · Revenue $824,601

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

Listed in Part VII

  • Carmen Correa

    CEO

    Total calculated
    $398,450
    From this org
    $384,100
    From related orgs
    $0
    Other
    $14,350
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $303,600
    Bonus
    $80,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,350
    Filer's total
    $398,450

  • ROLANDO SCHMIDT

    CHIEF FINANCIAL OFFICER

    Total calculated
    $207,848
    From this org
    $199,617
    From related orgs
    $0
    Other
    $8,231
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $173,400
    Bonus
    $26,217
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,231
    Filer's total
    $207,848

  • Maria Liliana Mor Gaviria

    Dir. of p'ship & development

    Total calculated
    $170,028
    From this org
    $170,028
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,000
    Bonus
    $23,028
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $170,028

  • Alexandra Blanco Sejas

    Board Advisor/General counsel

    Total calculated
    $162,102
    From this org
    $148,867
    From related orgs
    $0
    Other
    $13,235
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $132,354
    Bonus
    $11,056
    Other
    $5,457
    Deferred
    $0
    Nontaxable benefits
    $13,235
    Filer's total
    $162,102

  • Maria Cruz Peman

    Chief Human Resources Officer

    Total calculated
    $149,906
    From this org
    $140,812
    From related orgs
    $0
    Other
    $9,094
    Hours/week
    40

  • Sergio Augusto Fernandez

    GENERAL MANAGER

    Total calculated
    $128,718
    From this org
    $128,718
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Ana Demel

    Chair

    Total calculated
    $0
    Hours/week
    5 + 5 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 + 3 related

  • Adriana Rios Welton

    Alternate Secretary

    Total calculated
    $0
    Hours/week
    2

  • Zelma Acosta-Rubio

    Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jennifer Mary Brooks

    Member (thru 3/23)

    Total calculated
    $0
    Hours/week
    2

  • Sarah Leshner Carvalho

    Member (as of 2/23)

    Total calculated
    $0
    Hours/week
    2

  • Diego Cristancho

    Member

    Total calculated
    $0
    Hours/week
    2

  • Cinthia Fernholz

    Member

    Total calculated
    $0
    Hours/week
    2

  • Estibalitz Laresgoiti

    Member

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey MacDonagh

    Member

    Total calculated
    $0
    Hours/week
    2

  • Alejandra Meglioli

    Member

    Total calculated
    $0
    Hours/week
    2

  • Gillian Shepherd Mestre

    Member (thru 3/23)

    Total calculated
    $0
    Hours/week
    2

  • Robert Rosone

    member

    Total calculated
    $0
    Hours/week
    2

  • Christine Switzer

    member

    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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • Pro Mujer Inc ONG Guatemala

    501(C)(3) · WOMEN'S SVCS · GT · 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.

  • Fundacin Pro Mujer IFD (Bolivia)

    WOMEN'S SVCS · BL · income $45,859,262 · assets $217,404,940

    Directly controlled by PRO MUJER

  • Fundacin Pro Mujer Argentina

    WOMEN'S SVCS · AR · income $4,692,018 · assets $4,145,672

    Directly controlled by PRO MUJER

  • Pro Mujer Social Enterprise LLC

    WOMEN'S SVCS · DE · income $0 · assets $55,360

    Directly controlled by PRO MUJER

  • Pro Mujer - Bolivia ONG

    WOMEN'S SVCS · BL · income $808,911 · assets $1,963,145

    Directly controlled by PRO MUJER

  • PROMUJER NICARAGUA LLC

    WOMEN'S SVCS · DE · income $14,688,248 · assets $36,025,363

    Directly controlled by PRO MUJER

  • PRO MUJER INC ONG GUATEMALA

    WOMEN'S SVCS · GT · 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 $7,395,984 · share of assets $15,131,094 · 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 SVCS. · GT · 100% owned · share of income $500,782 · share of assets $1,901,738 · controlled entity

    Directly controlled by PRO MUJER

  • Pro Mujer Salud SA

    c corp · edu. & health · NU · share of income $0 · share of assets $0

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.1
Source object
202432829349301313

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