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Nonprofiteer
← FINCA INTERNATIONAL INC

Form 990 for tax year 2023

Filed by FINCA INTERNATIONAL INC.

Totals

Total revenue
$38,721,345
Total expenses
$28,320,861
Contributions and grants received
$20,874,304
Grants paid
$0
Program service revenue
$16,414,746
Investment income
$421,622
Other revenue
$1,010,673
Total assets, end of year
$232,868,784
Total liabilities, end of year
$76,335,169
Net assets or fund balances, end of year
$156,533,615
Program services expenses (Part IX)
$22,826,961
Management and general expenses
$1,450,022
Fundraising expenses
$4,043,878
Program service expenses (Part III)
$22,826,961

Program services were 80.6% 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)

    $199,996

  • 1f · All other contributions, gifts and grants

    $20,674,308

  • 1g · Noncash contributions included above

    $2,230,318

  • 2a · Program service revenue: BRANCH REVENUE-KOSOVO

    total $16,060,783 · related or exempt $16,060,783

  • 2b · Program service revenue: FINCA VENTURES PROGRAM

    total $2,261,480 · related or exempt $2,261,480

  • 2c · Program service revenue: OTHER PROGRAM SERVICES

    total $301,840 · related or exempt $301,840

  • 2d · Program service revenue: MANAGEMENT FEES

    total $291,954 · related or exempt $291,954

  • 2e · Program service revenue: FINCA IMPACT FINANCE

    total -$2,501,311 · related or exempt -$2,501,311

  • 3 · Investment income

    total $421,622 · excluded $421,622

  • 6a · Gross rents

    real property $747,907

  • 6b · Less rental expenses

    real property $909,096

  • 6c · Rental income or loss

    real property -$161,189

  • 6d · Net rental income or loss

    total -$161,189 · excluded -$161,189

  • 10a · Gross sales of inventory

    $1,953,681

  • 10b · Cost of goods sold

    $781,819

  • 10c · Net income from sales of inventory

    total $1,171,862 · excluded $1,171,862

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $893,133 · program services $621,200 · management and general $72,126 · fundraising $199,807

  • 6 · Compensation of disqualified persons

    total $375,300 · program services $261,032 · management and general $30,308 · fundraising $83,960

  • 7 · Other salaries and wages

    total $6,416,916 · program services $5,663,440 · management and general $199,849 · fundraising $553,627

  • 8 · Pension plan contributions

    total $134,515 · program services $93,559 · management and general $10,863 · fundraising $30,093

  • 9 · Other employee benefits

    total $1,790,070 · program services $1,441,677 · management and general $194,025 · fundraising $154,368

  • 10 · Payroll taxes

    total $278,917 · program services $193,995 · management and general $22,524 · fundraising $62,398

  • 11a · Fees: management

    total $497,399 · program services $497,399

  • 11b · Fees: legal

    total $233,775 · program services $174,785 · management and general $13,965 · fundraising $45,025

  • 11c · Fees: accounting

    total $309,239 · program services $212,691 · management and general $22,856 · fundraising $73,692

  • 11e · Fees: professional fundraising services

    total $18,178 · fundraising $18,178

  • 11g · Fees: other

    total $4,113,252 · program services $2,818,839 · management and general $348,357 · fundraising $946,056

  • 12 · Advertising and promotion

    total $1,260,780 · program services $974,544 · management and general $8,970 · fundraising $277,266

  • 13 · Office expenses

    total $2,558,312 · program services $1,509,481 · management and general $18,080 · fundraising $1,030,751

  • 14 · Information technology

    total $329,998 · program services $329,998

  • 15 · Royalties

    total $392,795 · program services $392,795

  • 16 · Occupancy

    total $723,268 · program services $645,624 · management and general $25,247 · fundraising $52,397

  • 17 · Travel

    total $518,955 · program services $432,989 · management and general $12,031 · fundraising $73,935

  • 20 · Interest

    total $2,940,185 · program services $2,879,372 · management and general $36,198 · fundraising $24,615

  • 22 · Depreciation, depletion and amortization

    total $1,007,367 · program services $939,372 · management and general $40,473 · fundraising $27,522

  • 23 · Insurance

    total $146,999 · program services $94,006 · management and general $31,543 · fundraising $21,450

  • 24a · Other expenses: LICENSE AND SUBSCRIPTIO

    total $1,764,923 · program services $1,037,501 · management and general $361,617 · fundraising $365,805

  • 24b · Other expenses: OTHER DIRECT COSTS

    total $744,311 · program services $744,245 · fundraising $66

  • 24c · Other expenses: PROVISION FOR LOAN LOSS

    total $391,843 · program services $391,843

  • 24d · Other expenses: MOTOR VEHICLE EXPENSE

    total $219,943 · program services $219,943

  • 24e · All other expenses

    total $260,488 · program services $256,631 · management and general $990 · fundraising $2,867

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,330,167 · end of year $21,872,137

  • 2 · Savings and temporary cash investments

    beginning of year $1,117,619 · end of year $2,046,943

  • 3 · Pledges and grants receivable

    beginning of year $2,382,008 · end of year $2,364,215

  • 4 · Accounts receivable

    beginning of year $3,426,726 · end of year $4,861,397

  • 7 · Other notes and loans receivable

    beginning of year $72,430,404 · end of year $96,079,155

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

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

    $2,318,872

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

    $1,603,203

  • 10c · Land, buildings and equipment, net

    beginning of year $850,871 · end of year $715,669

  • 13 · Investments: program-related

    beginning of year $99,941,049 · end of year $100,848,689

  • 14 · Intangible assets

    beginning of year $637,981 · end of year $629,740

  • 15 · Other assets

    beginning of year $3,742,836 · end of year $3,450,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,260,558 · end of year $4,114,746

  • 19 · Deferred revenue

    beginning of year $164,311 · end of year $1,572,675

  • 23 · Secured mortgages and notes payable

    beginning of year $45,978,640 · end of year $63,205,826

  • 25 · Other liabilities

    beginning of year $8,111,925 · end of year $7,441,922

  • 27 · Net assets without donor restrictions

    beginning of year $143,687,508 · end of year $154,626,365

  • 28 · Net assets with donor restrictions

    beginning of year $1,656,719 · end of year $1,907,250

Mission and programs · 2023

Mission

FINCA ENDS POVERTY THROUGH SUSTAINABLE AND SCALABLE SOLUTIONS THAT ARE DRIVEN BY THE INSIGHTS AND NEEDS OF PEOPLE IN THE COMMUNITIES WHERE THEY LIVE AND WORK.

Activities or mission (Part I)

FINCA ENDS POVERTY THROUGH SUSTAINABLE AND SCALABLE SOLUTIONS (SEE PART III).

  • FINCA IMPACT FINANCE:AS OF 2017, NEARLY 1.7 BILLION ADULTS AROUND THE WORLD REMAIN FINANCIALLY EXCLUDED WITHOUT ACCESS TO USEFUL AND AFFORDABLE FINANCIAL PRODUCTS AND SERVICES DELIVERED IN A RESPONSIBLE AND SUSTAINABLE WAY. THE PREDOMINANT GROUP AMONG THE FINANCIALLY EXCLUDED IS COMPRISED BY UNEMPLOYED OR LOW-INCOME INDIVIDUALS GIVEN THE HIGH COSTS ASSOCIATED WITH TRADITIONAL BANKING. FOR FINCA INTERNATIONAL, THE ADVANCEMENT OF FINANCIAL INCLUSION IS PIVOTAL CONSIDERING THAT ACCESS TO BASIC FINANCIAL SERVICES CAN BRIDGE THE ECONOMIC GAP BETWEEN THE HAVES AND HAVE-NOTS. FURTHERMORE, IT CAN FOSTER ECONOMIC SUSTAINABILITY AND SELF-RELIANCE AMONG THE UNDERPRIVILEGED POPULATION. FINCA INTERNATIONAL FIRMLY BELIEVES IN ECONOMIC OPPORTUNITY AND JUSTICE FOR ALL, AND THEREFORE IS COMMITTED TO PURSUING THE ADVANCEMENT OF FINANCIAL INCLUSION. FINCA INTERNATIONAL IS THE FOUNDER AND MAJORITY OWNER OF FINCA IMPACT FINANCE (FIF), A NETWORK OF 14 COMMUNITY-BASED MICRO-FINANCE INSTITUTIONS THAT AMPLIFIES FINANCIAL INCLUSION THROUGH THE DELIVERY OF RESPONSIBLE FINANCIAL SERVICES TO LOW-INCOME CUSTOMERS ACROSS THE WORLD. FIF IS GUIDED BY THE BELIEF THAT ACCESSIBLE AND FLEXIBLE CREDIT, SAVINGS, AND OTHER FINANCIAL PRODUCTS ARE CRITICAL TOOLS TO ACHIEVING FINANCIAL HEALTH. FOR 2023, $1.4 BILLION US DOLLARS WERE DISBURSED IN OVER 22.3 MILLION LOANS ACROSS ALL FIF MICRO-FINANCE INSTITUTIONS. THE TOTAL GROSS PORTFOLIO SUMMED $644.2 MILLION US DOLLARS. OUT OF ALL THE BORROWERS IN THAT SAME YEAR, 40% WERE WOMEN. FURTHERMORE, THE NETWORK REPORTED 3.4 MILLION CLIENTS ACROSS ALL ITS SUBSIDIARIES. CLIENTS INCLUDED VOLUNTARY SAVERS, GROUP LOANS BORROWERS, AND INDIVIDUAL BORROWERS. A BREAKDOWN OF THE NUMBER OF CLIENTS PER SUBSIDIARY FOLLOWS BELOW: AFRICADRC: 299,626MALAWI: 184,285NIGERIA: 6,666TANZANIA: 806,267UGANDA: 146,710ZAMBIA: 17,337EURASIAARMENIA: 20,699AZERBAIJAN: 31,099KYRGYZSTAN: 242,776TAJIKISTAN: 52,770LATINA AMERICA & THE CARIBBEANGUATEMALA: 15,870HAITI: 2,459HONDURAS: 79,198MIDDLE EAST & SOUTH ASIAJORDAN: 26,792PAKISTAN: 1,490,328

    Expenses $718,862 · Revenue -$2,501,311

  • FINCA PLUS:FOR OVER 30 YEARS, FINCA HAS DEMONSTRATED THAT ACCESS TO RESPONSIBLE FINANCE IS AN IMPORTANT TOOL FOR STRENGTHENING THE ECONOMIC SECURITY OF POOR AND LOW-INCOME FAMILIES. AT THE SAME TIME, FINCA HAS REALIZED THAT IT IS ESSENTIAL THAT ACCESS TO FINANCE CAN BE USED ON NON-FINANCIAL GOODS, SUCH AS CLEAN ENERGY PRODUCTS, WHICH ARE CRITICAL FOR IMPROVING A FAMILY'S HEALTH, WELL-BEING, AND INCREASING PRODUCTIVITY.FINCA PLUS LLC (D.B.A. IN UGANDA AS BRIGHTLIFE) IS A SOCIAL ENTERPRISE CREATED BY FINCA WHICH PAIRS ACCESS TO FINANCE WITH ACCESS TO ENERGY TO UNLOCK PRODUCTIVITY AND WELL-BEING FOR THE POOR. BRIGHTLIFE PROVIDES LIFE-ENHANCING PRODUCTS SUCH AS SOLAR HOME SYSTEMS AND IMPROVED COOKSTOVES TO THE BOP MARKET AT AFFORDABLE RATES. AS IMPORTANTLY, AND ALIGNED WITH FINCA'S MICRO-LENDING ACTIVITIES, BRIGHTLIFE FINANCES THESE AFFORDABLE PRODUCTS UTILIZING PAYGO TECHNOLOGY, SO THAT INDIVIDUALS CAN ACCESS THESE LIFE-ENHANCING PRODUCTS THAT THEY MIGHT NOT OTHERWISE BE ABLE TO AFFORD.IN 2023, BRIGHTLIFE EMPLOYED 100 FULL-TIME EMPLOYEES IN UGANDA AND HAD A COMMISSION-BASED SALES DISTRIBUTION NETWORK OF APPROXIMATELY 200 AGENTS. BRIGHTLIFE SOLD 11,188 PRODUCTS OVER THE YEAR WHICH IMPROVED THE LIVES OF APPROXIMATELY 74,000 UGANDANS. OUR GENDER BALANCE HAS IMPROVED SIGNIFICANTLY. THE PROPORTION OF MALE STAFF DECREASED FROM 72% TO 54%, WHILE THE PROPORTION OF FEMALE STAFF INCREASED FROM 28% TO 46%.

    Expenses $1,842,284

  • FINCA VENTURES: FINCA VENTURES INVESTS IN EARLY-STAGE COMPANIES THAT OFFER AFFORDABLE, HIGH-QUALITY AND LIFE-ENHANCING PRODUCTS AND SERVICES. AT PRESENT, FINCA VENTURES HAS INVESTMENTS IN HEALTH, FINTECH, AGRICULTURE, LIVELIHOODS, ENERGY, EDUCATION, WATER AND SANITATION. FINCA VENTURES' PORTFOLIO COMPANIES DIRECTLY CONTRIBUTE TO 14 OF THE 17 SDGS. COMPLEMENTING OUR EFFORT TO ALIGN IMPACT GOALS TO THE SDGS, FINCA VENTURES ASSESSES PORTFOLIO COMPANIES ACROSS THREE DIMENSIONS OF IMPACT WHICH ARE SCALE, DEPTH AND THE TARGET POVERTY LEVEL OF END-CUSTOMERS. SCALE AND DEPTH OF IMPACT HAVE INHERENT TRADEOFFS. KEEPING THESE TRADEOFFS IN MIND, FINCA VENTURES SUPPORTS PORTFOLIO COMPANIES ACROSS THIS SPECTRUM AS IT SEEKS TO MAXIMIZE PRODUCT AND SERVICE TO INCREASE SOCIAL IMPACT. FINCA VENTURES SUPPORTED 27 PORTFOLIO COMPANIES THAT DELIVERED LIFE-ENHANCING PRODUCTS AND SERVICES IN 39 COUNTRIES GLOBALLY IN 2023.IGNITIA: 2,912,899 USERS RECEIVED ACCESS TO LOCAL WEATHER FORECASTS IN WEST AFRICA, KENYA AND BRAZIL.EAST AFRICA FRUITS: 7,962 SMALLHOLDER FARMERS CONNECTED TO 8,101 SMALL, INFORMAL VENDORS IN TANZANIA, ALLOWING FOR BOTH GROUPS TO IMPROVE THEIR INCOMES.GOOD NATURE AGRO: 15,362 SMALLHOLDER FARMERS (42 PERCENT OF WHOM ARE FEMALE) REACHED IN ZAMBIA AND MALAWI. MERIDIA: 41.994 HECTARES MAPPED AND 3,831 SMALLHOLDER FARMERS PROVIDED WITH LAND DOCUMENTATION IN GHANA, COTE D'IVOIRE AND INDONESIA.YYTZ: 2,400 SMALLHOLDER FARMERS (65 PERCENT OF WHOM ARE FEMALE) RECEIVED HIGHER CASHEW PRICES IN TANZANIA.IMALIPAY: 10 PLATFORM PARTNERS PROVIDED WITH FINTECH-AS-A-SERVICE IN KENYA AND NIGERIA. KUUNDA: 218M LOANS, TOTALING $1.2B, TO OVER 5.5M REGISTERED MOBILE MONEY AGENTS AND CONSUMERS SINCE JANUARY 2020 IN TANZANIA.KWARA: 221 SACCO / CREDIT UNION CLIENTS FULLY DIGITIZED SERVING 210,768 END USERS IN KENYA.MDAAS GLOBAL: 108,724 PATIENTS (61 PERCENT OF WHOM ARE FEMALE) GAINED AFFORDABLE DIAGNOSTIC SERVICES IN NIGERIA.SISU GLOBAL: INCREASED GEOGRAPHIC SCOPE BY SELLING THE HEMAFUSE DEVICE THROUGH DISTRIBUTION PARTNERS IN KENYA, UGANDA, TANZANIA, GHANA, PAKISTAN AND DONATED TO UKRAINE HOSPITALS TO BE USED IN SURGERIES TO RECYCLE A PATIENT'S OWN BLOOD.SANIVATION: 1,130 METRIC TONS OF FECAL SLUDGE CONVERTED TO FUEL SUBSTITUTES, SAVING 13,178 TREES IN KENYA.JIBU: 142M LITERS OF CLEAN WATER PROVIDED TO CUSTOMERS AND 2,998 JOBS SUPPORTED THROUGH 180 FRANCHISES IN EAST AFRICA AND GHANA.AMPED INNOVATION: 21,914 FAMILIES BENEFITED FROM 6,713 MWH OF CLEAN ENERGY IN EAST AND WEST AFRICA.ENEZA EDUCATION: 1,133,989 LEARNERS PROVIDED WITH ACCESS TO DIGITAL CURRICULUMS IN KENYA.PENDA: 358,056 PATIENT VISITS AT ONE OF 16 AFFORDABLE PRIMARY CARE CLINICS IN KENYA.FLOATPAYS: 27,028 EMPLOYEES PROVIDED WITH EARLY WAGE ACCESS IN SOUTH AFRICA.RICULT: 968,795 SMALLHOLDER FARMERS IN PAKISTAN, THAILAND AND VIETNAM USE THE RICULT FARMER APP TO ACCESS SATELLITE IMAGERY, WEATHER AND SOIL MAPS TO MAKE BETTER DECISIONS ON THEIR FARMS AND ACCESS INPUT FINANCING.CINCH: 219 SMALLHOLDER FARMERS LEASED LAND TO CINCH TO EARN A MORE STABLE INCOME AND INCREASE THE PRODUCTIVITY OF THEIR LAND AND AN AVERAGE OF 566 CASUAL WORKERS SUPPORTED FIELD OPERATIONS ON A MONTHLY BASIS.CHANZI: 4,928 MT OF FOOD WASTE PROCESSED USING BLACK SOLDIER FLIES TO PRODUCE NUTRITIOUS PROTEIN FOR ANIMAL FEED USED BY FARMERS AND FEED PROCESSORS IN TANZANIA AND KENYA, SUPPORTING 62 FULL-TIME EMPLOYEES ACROSS SITES.KENTASTE: 4,251 SMALLHOLDER FARMERS (26 PERCENT OF WHOM ARE FEMALE) RECEIVED CONSISTENT ACCESS TO MARKET FOR THEIR COCONUTS IN KENYA.CASSVITA: 1,115 SMALLHOLDER CASSAVA FARMERS (90 PERCENT OF WHOM ARE FEMALE) SAW AN AVERAGE INCREASE IN INCOME OF 400% AND A POST-HARVEST LOSS REDUCTION FROM 40 TO 5% AFTER SELLING TO CASSVITA IN CAMEROON.RISING ACADEMIES: 272,017 STUDENTS ACROSS 946 SCHOOLS IN SIERRA LEONE, GHANA, LIBERIA, RWANDA, UGANDA PROVIDED ACCESS TO AFFORDABLE, QUALITY EDUCATION. BANKINGLY: 106 SMALL AND MEDIUM SIZE FINANCIAL INSTITUTIONS WITH A REGISTERED CUSTOMER BASE OF 586,615 PROVIDED WITH DIGITAL BANKING CHANNELS IN OVER 20 COUNTRIES GLOBALLY.ELUCID: 2,328 SMALLHOLDER FARMER HOUSEHOLDS PROVIDED WITH ACCESS TO AFFORDABLE HEALTH CARE IN GHANA, MADAGASCAR, VENEZUELA AND ECUADOR. LAPAIRE: 66,306 CUSTOMERS (46 PERCENT WOMEN) RECEIVED ACCESS TO GLASSES ACROSS 56 OPTICAL SHOPS IN COTE D'IVOIRE, TOGO, BURKINA FASO, UGANDA, BENIN, KENYA, AND MALI.RELEAF: 5,248 PALM NUT SUPPLIERS (70 PERCENT SMALLHOLDER FARMERS) PROVIDED WITH CONSISTENT ACCESS TO MARKET IN NIGERIA.AFFINITY AFRICA: 20,000 UNDERSERVED AND UNBANKED CUSTOMERS RECEIVED ACCESS TO FINANCIAL SERVICES IN GHANA.

    Expenses $784,993 · Revenue $2,261,480

  • FINCA KOSOVO BRANCH:FINCA KOSOVO ADHERES TO FINCA INTERNATIONAL'S MISSION OF ALLEVIATING POVERTY THROUGH LASTING SOLUTIONS THAT HELP PEOPLE BUILD ASSETS, CREATE JOBS AND RAISE THEIR STANDARD OF LIVING. FINCA KOSOVO, MANAGED UNDER FINCA IMPACT NETWORK, IS AN UNCONVENTIONAL COMMUNITY-BASED BANK THAT PROFITABLY AND RESPONSIBLY PROVIDES INNOVATIVE AND IMPACTFUL FINANCIAL SERVICES THAT ENABLE LOW-INCOME INDIVIDUALS AND COMMUNITIES TO INVEST IN THEIR FUTURES.FINCA KOSOVO PROVIDES FINANCIAL SERVICES THROUGH 30 BRANCHES AND SINCE 2020 HAS SERVED OVER 148,000 CLIENTS. THROUGH THESE SERVICE OUTLETS, FINCA KOSOVO OFFERS PRODUCTS AND SERVICES THAT INCLUDE AGRICULTURE AND BUSINESS LOANS, WOMEN START-UP LOANS, LOANS FOR HOME IMPROVEMENT, CAR PURCHASE AND REGISTRATION FINANCIAL FACILITIES. SMALL BUSINESS OWNERS AND FARMERS COMPRISE THE MAJORITY OF ITS CUSTOMERS. FINCA KOSOVO IS ALSO COMMITTED TO SERVING THE COMMUNITY THROUGH SOCIAL RESPONSIBILITY ACTIVITIES UNDERSCORING THEIR BELIEF THAT ENVIRONMENTAL CONSCIOUSNESS, ETHICAL BUSINESS PRACTICES, PHILANTHROPY, AND ECONOMIC EMPOWERMENT ARE INTERCONNECTED COMPONENTS THAT COLLECTIVELY CONTRIBUTE TO A SUSTAINABLE AND SOCIALLY RESPONSIBLE BUSINESS MODEL. FINCA KOSOVO HAS BEEN CERTIFIED BY THE SMART CAMPAIGN FOR 'CUSTOMER PROTECTION AND MICROFINANZA RATING (MFR) WITH CLIENT PROTECTION CERTIFICATION. BOTH OF THESE RECOGNITIONS REFLECT FINCA KOSOVO'S COMMITMENT TO CONTINUE UPHOLDING INDUSTRY-LEADING CLIENT PROTECTION STANDARDS IN PROVIDING RESPONSIBLE FINANCE AND HIGH ETHICAL STANDARDS IN THE TREATMENT OF ITS CLIENTS.BY DECEMBER 2023, FINCA KOSOVO'S CLIENTELE INCREASED TO 29,777 INDIVIDUALS; 6,847 MORE CLIENTS THAN THE SAME MONTH IN THE PREVIOUS YEAR. FEMALE BORROWERS REPRESENTED 31% OF TOTAL BORROWERS IN THIS INSTITUTION, WHEREAS IN 2022 THIS PERCENTAGE WAS OF 26.2%. FINCA KOSOVO'S TOTAL GROSS LOAN PORTFOLIO QUALITY WAS OF $94.4M US DOLLARS WITH AN AVERAGE LOAN SIZE OF $3,760.

    Expenses $10,966,621 · Revenue $16,060,783

  • OTHER PROGRAM SERVICES

    Expenses $8,514,201 · Revenue $593,794

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

Listed in Part VII

  • Julie Houser

    BOARD MEMBER/DIR. OF PEOPLE OPS & HR

    Total calculated
    $149,106
    From this org
    $102,548
    From related orgs
    $0
    Other
    $46,558
    Hours/week
    40

  • John Hatch

    DIRECTOR

    Total calculated
    $72,943
    From this org
    $72,943
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Agrina Mussa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Avanthi Shah

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Catherine Mohr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Chandresh Harjivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Charles Trevail

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Daniel Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Daniela Mielke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • David Weisman

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • John Elkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Jordan Greenaway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Richard Williamson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Shawn Hassel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Andree Simon

    PRESIDENT & CEO (AS OF 1/23)

    Total calculated
    $396,748
    From this org
    $0
    From related orgs
    $356,605
    Other
    $40,143
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $356,605 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,578 related
    Nontaxable benefits
    $0 + $21,565 related
    Filer's total
    $0 + $396,748 related

  • Kuo-Wei Wang

    CHIEF FINANCIAL OFFICER (AS OF 1/23)

    Total calculated
    $222,194
    From this org
    $203,890
    From related orgs
    $0
    Other
    $18,304
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,690
    Bonus
    $0
    Other
    $1,200
    Deferred
    $3,963
    Nontaxable benefits
    $14,341
    Filer's total
    $222,194

  • Colleen Zakrewsky

    SVP, DEVELOP & EXT. RELATIONS

    Total calculated
    $304,842
    From this org
    $267,318
    From related orgs
    $0
    Other
    $37,524
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,118
    Bonus
    $0
    Other
    $1,200
    Deferred
    $15,367
    Nontaxable benefits
    $22,157
    Filer's total
    $304,842

  • Omer Imtiazuddin

    MANAGING DIRECTOR - FINCA VENTURES

    Total calculated
    $256,489
    From this org
    $250,125
    From related orgs
    $0
    Other
    $6,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,925
    Bonus
    $0
    Other
    $1,200
    Deferred
    $4,999
    Nontaxable benefits
    $1,365
    Filer's total
    $256,489

  • Stefan Grundmann

    CHIEF OPERATING OFFICER

    Total calculated
    $250,466
    From this org
    $215,340
    From related orgs
    $0
    Other
    $35,126
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,140
    Bonus
    $0
    Other
    $1,200
    Deferred
    $12,605
    Nontaxable benefits
    $22,521
    Filer's total
    $250,466

  • Drew Boshell

    EXECUTIVE DIRECTOR AFFILIATE

    Total calculated
    $245,873
    From this org
    $219,910
    From related orgs
    $0
    Other
    $25,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,910
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $25,963
    Filer's total
    $245,873

  • Scott Graham

    VP OF CUSTOMER RESEARCH

    Total calculated
    $220,594
    From this org
    $187,903
    From related orgs
    $0
    Other
    $32,691
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,703
    Bonus
    $0
    Other
    $1,200
    Deferred
    $15,299
    Nontaxable benefits
    $17,392
    Filer's total
    $220,594

  • Zeenia Irani

    SENIOR DIR. - STRATEGIC INITIATIVES

    Total calculated
    $172,781
    From this org
    $160,516
    From related orgs
    $0
    Other
    $12,265
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,916
    Bonus
    $0
    Other
    $600
    Deferred
    $3,226
    Nontaxable benefits
    $9,039
    Filer's total
    $172,781

  • Rupert Scofield Decd 1122

    FORMER PRESIDENT & CEO

    Total calculated
    $375,300
    From this org
    $375,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $375,300
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $375,300

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

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
CERTAIN COMPENSATION OWING TO RUPERT SCOFIELD, FINCA INTERNATIONAL'S FOUNDER AND CEO AT THE TIME OF HIS DEATH IN 2022, WAS PAID IN 2023 TO HIS ESTATE IN THE AMOUNT OF $375,300. PLEASE REFER TO 2022 FORM 990, SCHEDULE J FOR FURTHER INFORMATION.

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

No itemized grants to organizations 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.

  • FUNDACION INTEGRAL COMUNITARIA AC

    DORMANT · MX · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FUNDACION INTERNACIONAL PARA LA ASISTENCIA COMUNITARIA DEL ECUADOR

    DORMANT · EC · controlled entity

    Directly controlled by FINCA INTERNATIONAL INC

  • FINCA HAITI

    DORMANT · HA · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA HONDURAS

    DORMANT · HO · controlled entity

    Directly controlled by FINCA INTERNATIONAL INC

  • FINCA CHARITY FOUNDATION

    DORMANT · AM · controlled entity

    Directly controlled by FINCA INTERNATIONAL INC

  • FUNDACION INTERNATIONAL PARA LA ASISTENCIA COMUNITARIA DE NICARAGUA

    DORMANT · NU · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FUNDACION INTERNACIONAL PARA LA ASISTENCIA COMUNITARIA DE GUATEMALA

    MICROFINANCE OPERATIONS · GT · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

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.

  • FINCA PLUS LLC

    SOLAR ENERGY PRODUCTS · DE · income $1,660,957 · assets $3,153,648

    Directly controlled by FINCA INTERNATIONAL INC

  • FINCA CAPITAL FUND LLC

    DORMANT · DE · income $0 · assets $0

    Directly controlled by FINCA INTERNATIONAL INC

  • FINCA LICENSING & SUPPORT LLC

    DORMANT · DE · income $0 · assets $0

    Directly controlled by FINCA INTERNATIONAL INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FINCA MICROFINANCE HOLDING COMPANY LLC

    RELATED · HOLDING COMPANY · DC · 65.89% owned · share of income $9,206,962 · share of assets $121,072,739 · general or managing partner

    Directly controlled by FINCA INTERNATIONAL INC

Related corporations and trusts

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

  • FINCA UNIVERSAL CREDIT ORGANIZATION CJSC

    C · MICROFINANCE OPERATIONS · AM · 65.89% owned · share of income $8,502,870 · share of assets $45,220,410 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINCA AZERBAIJAN LLC

    C · MICROFINANCE OPERATIONS · AJ · 65.89% owned · share of income $7,100,240 · share of assets $24,102,243 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINCA DR CONGO SARL

    C · MICROFINANCE OPERATIONS · CG · 65.89% owned · share of income $30,668,567 · share of assets $75,666,930 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA TRANSFERT SARL

    C · MICROFINANCE OPERATIONS · CG · 61.69% owned · share of income $401,715 · share of assets $1,424,082 · controlled entity

    Directly controlled by FINCA DR CONGO SARL

  • FINCASERVICIOS - LATINOAMERICA SA

    C · DORMANT · GT · 65.89% owned · share of assets $2,261 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA MICROFINANZAS SA

    C · DORMANT · GT · 65.89% owned · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA HAITI SA

    C · MICROFINANCE OPERATIONS · HA · 65.89% owned · share of income $1,986,040 · share of assets $2,654,671 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINANCIERA FINCA HONDURAS SA

    C · MICROFINANCE OPERATIONS · HO · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • SPECIALIZED MICRO LOANS (PRIVATE SHAREHOLDING COMPANY)

    C · MICROFINANCE OPERATIONS · JO · 65.89% owned · share of income $6,169,764 · share of assets $22,211,873 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA KOSOVE SHA

    C · DORMANT · KV · 65.89% owned · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA MICRO-CREDIT COMPANY CJSC

    C · MICROFINANCE OPERATIONS · KG · 65.89% owned · share of income $22,963,046 · share of assets $105,204,402 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA LIMITED (MALAWI)

    C · MICROFINANCE OPERATIONS · MI · 65.89% owned · share of income $7,628,421 · share of assets $10,919,819 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINCA MICROFINANCE COOPERATIEF UA

    C · HOLDING COMPANY · NL · 65.89% owned · share of income $1,643,499 · share of assets $64,692,086 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA NETWORK SUPPORT BV

    C · IT SERVICES · NL · 65.89% owned · share of income $7,088,590 · share of assets $2,715,206 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINANCIERA FINCA NICARAGUA SA

    C · MICROFINANCE OPERATIONS · NU · 65.89% owned · share of income $69,961 · share of assets $302,653 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA MICROFINANCE BANK LIMITED

    C · MICROFINANCE OPERATIONS · NI · 65.89% owned · share of income $1,691,858 · share of assets $3,853,521 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINCA MICROFINANCE BANK LIMITED

    C · MICROFINANCE OPERATIONS · PK · 56.93% owned · share of income $15,481,722 · share of assets $50,330,410 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINCA MICRO-CREDIT DEPOSIT ORGANIZATION LLC

    C · MICROFINANCE OPERATIONS · TI · 65.89% owned · share of income $5,464,488 · share of assets $22,994,553 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA MICROFINANCE BANK LIMITED

    C · MICROFINANCE OPERATIONS · TZ · 65.89% owned · share of income $24,535,523 · share of assets $23,934,759 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA UGANDA LIMITED

    C · MICROFINANCE OPERATIONS · UG · 65.89% owned · share of income $11,794,523 · share of assets $40,131,511 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINCA ZAMBIA LIMITED

    C · MICROFINANCE OPERATIONS · ZA · 65.89% owned · share of income $3,508,338 · share of assets $6,247,425 · controlled entity

    Directly controlled by FINCA MICROFINANCE COOPERATIEF UA

  • FINCA ZAMBIA HOLDING LIMITED

    C · DORMANT · ZA · 65.89% owned · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • FINCA MICROFINANCE GLOBAL SERVICES LLC

    C · SUPPORT SERVICES · DC · 65.89% owned · share of income $10,145,241 · share of assets $7,077,272 · controlled entity

    Directly controlled by FINCA MICROFINANCE HOLDING COMPANY LLC

  • MICRO-FINANCE SOLUTIONS INC

    C · DORMANT · CJ · 100% owned · controlled entity

    Directly controlled by FINCA INTERNATIONAL INC

  • MFSI GUATEMALA SA

    C · DORMANT · GT · 100% owned · share of assets $402,927 · controlled entity

    Directly controlled by MICRO-FINANCE SOLUTIONS INC

  • ASESORA DE MICROFINANZAS ASEMICROFIN SA

    C · MICROFINANCE OPERATIONS · EC · 100% owned · controlled entity

    Directly controlled by FUNDACION INTERNACIONAL PARA LA ASISTENCIA COMUNITARIA DE ECUADOR

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349309368

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