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← ESPERANZA INTERNATIONAL FOUNDATION

Form 990 for tax year 2022

Filed by ESPERANZA INTERNATIONAL FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 14 October 2023. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,262,689 changed to $12,963
Total expenses
$1,302,433 changed to $264,745
Contributions and grants received
$1,233,032 changed to $12,920
Grants paid
$759,812 changed to $116,146
Investment income
$28,296 changed to $0
Other revenue
$1,361 changed to $43
Total assets, end of year
$1,725,723 changed to $0
Total liabilities, end of year
$20,200 changed to $0
Net assets or fund balances, end of year
$1,705,523 changed to $0
Program services expenses
$975,980 changed to $158,716
Management and general expenses
$115,958 changed to $60,564
Fundraising expenses
$210,495 changed to $45,465
Program service expenses (Part III)
$975,980 changed to $158,716

Listed only on the earlier return

  • Dan Devine

Totals

Total revenue
$1,262,689
Total expenses
$1,302,433
Contributions and grants received
$1,233,032
Grants paid
$759,812
Program service revenue
$0
Investment income
$28,296
Other revenue
$1,361
Total assets, end of year
$1,725,723
Total liabilities, end of year
$20,200
Net assets or fund balances, end of year
$1,705,523
Program services expenses (Part IX)
$975,980
Management and general expenses
$115,958
Fundraising expenses
$210,495
Program service expenses (Part III)
$975,980

Program services were 74.9% 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.

  • 1c · Fundraising events

    $186,115

  • 1f · All other contributions, gifts and grants

    $1,046,917

  • 1g · Noncash contributions included above

    $12,970

  • 3 · Investment income

    total $6,028 · excluded $6,028

  • 7a · Gross sales of assets other than inventory

    securities $22,268

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $22,268

  • 7d · Net gain or loss

    total $22,268 · excluded $22,268

  • 8a · Fundraising events: gross income

    $52,052

  • 8a · Fundraising events: contributions included on line 1c

    $186,115

  • 8b · Fundraising events: direct expenses

    $52,052

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $1,361 · excluded $1,361

  • 11e · Other revenue, total

    $1,361

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $759,812 · program services $759,812

  • 5 · Compensation of officers, directors and key employees

    total $144,918 · program services $66,560 · management and general $25,383 · fundraising $52,975

  • 7 · Other salaries and wages

    total $263,479 · program services $121,012 · management and general $46,152 · fundraising $96,315

  • 8 · Pension plan contributions

    total $3,560 · program services $1,635 · management and general $624 · fundraising $1,301

  • 9 · Other employee benefits

    total $5,274 · program services $2,422 · management and general $924 · fundraising $1,928

  • 10 · Payroll taxes

    total $12,416 · program services $5,702 · management and general $2,175 · fundraising $4,539

  • 11f · Fees: investment management

    total $28 · management and general $28

  • 11g · Fees: other

    total $23,227 · management and general $23,227

  • 13 · Office expenses

    total $13,461 · program services $360 · management and general $6,817 · fundraising $6,284

  • 16 · Occupancy

    total $8,596 · management and general $8,596

  • 17 · Travel

    total $43,569 · program services $17,299 · fundraising $26,270

  • 19 · Conferences, conventions and meetings

    total $4,156 · program services $1,178 · fundraising $2,978

  • 22 · Depreciation, depletion and amortization

    total $2,032 · management and general $2,032

  • 24a · Other expenses: EVENTS

    total $17,905 · fundraising $17,905

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,302,507 · end of year $1,181,834

  • 3 · Pledges and grants receivable

    beginning of year $75,005 · end of year $111,867

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,395 · end of year $5,756

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

    $22,190

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

    $22,190

  • 10c · Land, buildings and equipment, net

    beginning of year $2,031 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $503,291 · end of year $426,266

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,463 · end of year $20,200

  • 27 · Net assets without donor restrictions

    beginning of year $1,473,385 · end of year $1,492,510

  • 28 · Net assets with donor restrictions

    beginning of year $375,381 · end of year $213,013

Mission and programs · 2022

Mission

THE MISSION OF ESPERANZA INTERNATIONAL IS TO FREE FAMILIES FROM POVERTY AND SHARE THE HOPE OF CHRIST.

Activities or mission (Part I)

OUR MISSION IS TO FREE FAMILIES FROM POVERTY AND SHARE THE HOPE OF CHRIST THROUGH MICROFINANCE AND NON FINANCIAL SERVICES OFFERED TO FAMILIES IN THE DOMINICAN REPUBLIC.

  • IN 2022, ESPERANZA INTERNATIONAL, THROUGH ASSOCIATION ESPERANZA INTERNATIONAL, INC., A RELIGIOUS ORGANIZATION IN DOMINICAN REPUBLIC, PROVIDED 8,428 LOANS TO DESERVING ENTREPRENEURS THROUGH ITS MICROFINANCE PROGRAMS. OF THOSE LOANS, 75% WERE DISBURSED TO WOMEN AND 50% WERE HAITIAN OR OF HAITIAN DESCENT. ESPERANZA OFFERED ITS BORROWERS SIX DIFFERENT LOAN PRODUCTS: BANK OF ESPERANZA LOANS, SOLIDARITY GROUP LOANS, HOUSING LOANS, INDIVIDUAL LOANS, CHURCH INITIATIVE LOANS, AND SCHOOL LOANS. THE LOAN PORTFOLIO AVERAGED USD $3.2 MILLION DURING 2022 WITH AN AVERAGE GROUP LOAN DISBURSED IN THE AMOUNT OF $336, AND THE AVERAGE INDIVIDUAL LOAN OF $946.

    Expenses $975,980 · Grants $759,812

As filed on the 2022 return.

Listed in Part VII

  • Alexandra Nunez

    PRESIDENT & CEO

    Total calculated
    $144,918
    From this org
    $141,835
    From related orgs
    $0
    Other
    $3,083
    Hours/week
    50

  • Dave Valle

    FOUNDER

    Total calculated
    $130,548
    From this org
    $130,548
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Toby Kilgore

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1.6

  • Jerameel Rosario

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.6

  • Scott Olson

    TREASURER

    Total calculated
    $0
    Hours/week
    1.6

  • Jesse Casler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.6

  • Elie Lafortune

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.6

  • Dan Devine

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.6

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.

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.

  • ASOCIACION ESPERANZA INTERNACIONAL

    501(C)(3) · MICROFINANCE · DR

Provenance

Return type
form_990
Tax year
2022
Filed
1 September 2023
IRS schema version
2022v5.0
Source object
202312449349301021

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