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Nonprofiteer
← MERCADO GLOBAL INC

Form 990 for tax year 2024

Filed by MERCADO GLOBAL INC.

Totals

Total revenue
$1,910,780
Total expenses
$1,909,006
Contributions and grants received
$1,302,296
Grants paid
$0
Program service revenue
$605,611
Investment income
$2,873
Other revenue
$0
Total assets, end of year
$830,705
Total liabilities, end of year
$705,853
Net assets or fund balances, end of year
$124,852
Program services expenses (Part IX)
$1,651,339
Management and general expenses
$103,035
Fundraising expenses
$154,632
Program service expenses (Part III)
$1,651,339

Program services were 86.5% 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.

  • 1f · All other contributions, gifts and grants

    $1,302,296

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $605,611 · related or exempt $605,611

  • 3 · Investment income

    total $2,873 · excluded $2,873

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,033,656 · program services $892,722 · management and general $83,967 · fundraising $56,967

  • 22 · Depreciation, depletion and amortization

    total $3,096 · program services $2,322 · management and general $619 · fundraising $155

  • 24a · Other expenses: FAIR TRADE MARKETING PR

    total $476,670 · program services $476,670

  • 24b · Other expenses: COMMUNITY OUTREACH, TRA

    total $218,394 · program services $129,952 · fundraising $88,442

  • 24c · Other expenses: PROGRAM OFFICES FACILIT

    total $92,255 · program services $69,193 · management and general $18,449 · fundraising $4,613

  • 24d · Other expenses: PROGRAM OFFICES EXPENDI

    total $62,659 · program services $62,659

  • 24e · All other expenses

    total $22,276 · program services $17,821 · fundraising $4,455

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,451 · end of year $372,234

  • 2 · Savings and temporary cash investments

    beginning of year $98,452 · end of year $147,697

  • 4 · Accounts receivable

    beginning of year $69,670 · end of year $48,621

  • 8 · Inventories for sale or use

    beginning of year $220,945 · end of year $235,240

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,882

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

    $45,143

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

    $41,921

  • 10c · Land, buildings and equipment, net

    beginning of year $3,334 · end of year $3,222

  • 11 · Investments: publicly traded securities

    beginning of year $12,368 · end of year $15,859

  • 14 · Intangible assets

    beginning of year $850 · end of year $514

  • 15 · Other assets

    beginning of year $11,102 · end of year $7,318

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,051 · end of year $65,800

  • 19 · Deferred revenue

    end of year $69,426

  • 23 · Secured mortgages and notes payable

    beginning of year $474,925 · end of year $461,955

  • 24 · Unsecured notes and loans payable

    beginning of year $10,000 · end of year $10,000

  • 25 · Other liabilities

    beginning of year $5,000 · end of year $98,672

  • 27 · Net assets without donor restrictions

    beginning of year $123,078 · end of year $124,852

Mission and programs · 2024

Mission

MERCADO GLOBAL EMPOWERS RURUAL ARTISIAN ENTREPRENEURS ACROSS THE AMERICAS TO LIFT THEIR FAMILIES OUT OF POVERTY THROUGH BUSINESS TRAINING AND ACCESS TO INTERNATIONAL MARKETS. THROUGH OUR NONPROFIT MODEL, WE STRENGTHEN COMMUNITIES AND FAMILIES, WEAVING MARKET ACCESS, COMMUNITY-BASED EDUCATION,AND ASSET DEVELOPMENT INTO A PROGRAM FOCUSED ON FINANCIAL INDEPENDENCE TO OVERCOME POVERTY.

Activities or mission (Part I)

MERCADO GLOBAL EMPOWERS RURAL ARTISIANS TO LIFT THEIR FAMILIES OUT OF POVERTY BY ENTREPRENEURSHIP.

  • ECONOMIC EMPOWERMENT PROGRAM OUR ECONOMIC EMPOWERMENT PROGRAM HELPS RURAL ARTISAN ENTREPRENEURS BREAK THE CYCLE OF LOCAL POVERTY THROUGH MARKET ACCESS, BUSINESS EDUCATION, AND ASSET DEVELOPMENT.THROUGH OUR MARKET ACCESS PROGRAM, WE HELP OVER 1,000 RURAL ARTISAN ENTREPRENEURS BUILD THEIR OWN COMMUNITY ARTISAN BUSINESSES AND ACCESS INTERNATIONAL MARKETS. THE RURAL ARTISANS WE PARTNER WITH ARE INCREDIBLY TALENTED WEAVERS WHOSE MAIN OBSTACLE TO OVERCOME POVERTY IS LACK OF ACCESS TO A MARKET. NOW, THROUGH THEIR WORK WITH MERCADO GLOBAL, THESE ARTISANS ARE ABLE TO ACCESS THE INTERNATIONAL MARKET AND EARN A FAIR WAGE FOR THE FIRST TIME IN THEIR LIVES. WITH OUR PARTNER ARTISANS, WE DESIGN COLLECTIONS FOR MAJOR INTERNATIONAL FASHION BRANDS AND RETAILERS THAT ARE HANDMADE IN THEIRCOMMUNITIES.THROUGH OUR COMMUNITY-BASED EDUCATION PROGRAM, WE PROVIDE TECHNICAL AND BUSINESS TRAINING IN LOCAL LANGUAGES THAT COMPLEMENT MARKET ACCESS OPPORTUNITIES. BUILDING BUSINESS SKILLS AND MARKET-READY TECHNICAL WEAVING AND SEWING SKILLS,WHEN PAIRED WITH INCOME-EARNING OPPORTUNITIES, ENABLES RURAL ARTISANS TO BECOME CONFIDENT LEADERS WHO LOOK AFTER THEIR FAMILIES' HEALTH, FINANCES, AND EDUCATION.THROUGH OUR ASSET DEVELOPMENT PROGRAM, WE HELP RURAL ARTISANS SECURE THEIR OWN FLOOR LOOMS, SEWING MACHINES AND OTHER PRODUCTIVE ASSETS NEEDED TO ENSURE FUTURE INCOME GENERATION. WE ALSO HELP BUILD THE PRACTICE OF SAVING SO THAT RURAL ARTISANS HAVE A BUFFER AGAINST A RETURN TO POVERTY AND CAN INVEST IN THEIR FAMILIES AND COMMUNITIES.

    Expenses $969,615 · Revenue $605,611

  • RURAL ENTREPRENEURS LEADERSHIP TRAINING PROGRAMIN CONJUNCTION WITH OUR ECONOMIC EMPOWERMENT PROGRAM, OUR COMMUNITY-BASED RURAL ENTREPRENEURSLEADERSHIP TRAINING PROGRAM HELPS RURAL ARTISANS GAIN THE SKILLS THEY NEED TO BUILD SUCCESSFUL BUSINESSES AND LIFT THEIR FAMILIES OUT OF POVERTY. OUR LEADERSHIP TRAINING CLASSES ARE CONDUCTED IN OUR PARTNER COMMUNITIES AND COVER TOPICS RANGING FROM FINANCIAL LITERACY TO LEADERSHIP SKILLS, GOAL-SETTING, SELF-ESTEEM AND FINANCIAL MANAGEMENT FOR RURAL ARTISAN ENTREPRENEURS. OUR IN-HOUSE BUSINESS TRAINING TEAM PROVIDES COURSES IN EACH OF OUR PARTNER COMMUNITIES FOR RURAL ARTISANS, MOST OF WHOM CANNOT READ AND WRITE, AND WHO ARE LEARNING TO NAVIGATE BUSINESS-OWNERSHIP FOR THE FIRST TIME.

    Expenses $355,843

  • COMMUNITY PARTNERSHIPS PROGRAMWE SEEK TO BUILD MUTUAL UNDERSTANDING AND FACILITATE CULTURAL EXHCANGE BETWEEN ARTISAN COMMUNITIES ACROSS THE AMERICAS AND OUR SUPPORTER COMMUNITIES IN THE UNITED STATES. THROUGH THE COMMUNITY PARTNERSHIP PROGRAMM, INDIVIDUALS FROM THE U.S. VISIT COMMUNITIES IN GUATEMALA TO SEE THE IMPACT OF THEIR SUPPORT. LIKEWISE, OUR CURRENT AND PAST STAFF, VOLUNTEERS AND SUPPORTERS ACT AS FAIR TRADE AMBASSADORS WITHIN THEIR COMMUNITIES IN THE U.S. THROUGH SPEAKING ENGAGEMENTS, COMMUNITY EVENTS AND OTHER AWARENESS-RAISING FUNCTIONS.

    Expenses $189,795

  • DESIGN A DIFFERENCE PROGRAMAS PIONEERS IN THE ETHICAL-SOURCING MOVEMENT WITHIN THE FASHION INDUSTRY, WE EDUCATE LEADING U.S.-BASED DESIGNERS ABOUT RESPONSIBLE SOURCING THROUGH OUR DESIGN A DIFFERENCE PROGRAM. DESIGNERSFROM MAJOR U.S. FASHION HOUSES COME TO OUR OFFICES TO WORK ALONGSIDE OUR ARTISANS AND LEARNABOUT THE IMPACT THAT SUSTAINABLE PRODUCTION HAS IN THESE COMMUNITIES. IN TURN, THE DESIGNERSEXTEND THEIR EXPERTISE IN PRODUCT DESIGN AND DEVELOPMENT DIRECTLY TO OUR ARTISANS. UPON RETURNINGTO THE U.S., THESE DESIGNERS ARE THEN ABLE TO SHARE THEIR KNOWLEDGE AND ADOPT SUSTAINABLEPRACTICES WITHIN THEIR COMPANIES. IN THIS WAY WE ARE REACHING THE PEOPLE AND INSTITUTIONS ON THECUTTING EDGE OF INDUSTRY WITH FIRST-HAND EXPERIENCE EMPOWERING COMMUNITIES THROUGH RESPONSIBLESOURCING.

    Expenses $136,086

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karae Lisle

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    5
  • Mark Swedlund

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2.5
  • Maria Geenen

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2.5
  • Jennifer Ali

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2.5
  • Marta Bezoari

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5
  • Jacqueline Varela

    BOARD OF DIRECTORS

    Total calculated
    $0
    Hours/week
    2.5
  • Melody Hart

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5
  • Ruth Alvarez-Degolia

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349314470

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