Form 990 for tax year 2022

Filed by ESPERANZA INTERNATIONAL FOUNDATION.

What the amendment changed

Compared with the return it replaced , filed 1 September 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 DevineDAN DEVINE

Totals

Total revenue: $12,963
Total expenses: $264,745
Contributions and grants received: $12,920
Grants paid: $116,146
Program service revenue: $0
Investment income: $0
Other revenue: $43
Total assets, end of year: $0
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $0
Program services expenses (Part IX): $158,716
Management and general expenses: $60,564
Fundraising expenses: $45,465
Program service expenses (Part III): $158,716

Program services were 60.0% 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

$12,920
11a · Other revenue: CASH REWARDS

total $43 · excluded $43
11e · Other revenue, total

$43

Functional expenses

Part IX, the statement of functional expenses.

3 · Grants to foreign organizations and individuals

total $116,146 · program services $116,146
5 · Compensation of officers, directors and key employees

total $67,985 · program services $29,723 · management and general $12,522 · fundraising $25,740
7 · Other salaries and wages

total $858 · program services $858
9 · Other employee benefits

total $2,707 · program services $2,112 · management and general $138 · fundraising $457
10 · Payroll taxes

total $6,783 · program services $3,168 · management and general $1,273 · fundraising $2,342
11b · Fees: legal

total $4,318 · management and general $4,318
11c · Fees: accounting

total $35,400 · management and general $35,400
11g · Fees: other

total $2,692 · management and general $2,692
13 · Office expenses

total $678 · fundraising $678
16 · Occupancy

total $2,100 · management and general $2,100
17 · Travel

total $16,942 · program services $6,110 · fundraising $10,832
19 · Conferences, conventions and meetings

total $599 · program services $599
23 · Insurance

total $1,406 · management and general $1,406
24a · Other expenses: EVENT SPACE

total $5,000 · fundraising $5,000
24b · Other expenses: PAYROLL FEES

total $524 · management and general $524
24c · Other expenses: DONOR DATABASE FEES

total $416 · fundraising $416
24d · Other expenses: MISCELLANEOUS

total $191 · management and general $191

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,181,834 · end of year $0
2 · Savings and temporary cash investments

end of year $0
3 · Pledges and grants receivable

beginning of year $111,867 · end of year $0
4 · Accounts receivable

end of year $0
5 · Loans and receivables from officers and key people

end of year $0
6 · Loans and receivables from disqualified persons

end of year $0
7 · Other notes and loans receivable

end of year $0
8 · Inventories for sale or use

end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $5,756 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$0
10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0
11 · Investments: publicly traded securities

beginning of year $426,266 · end of year $0
12 · Investments: other securities

end of year $0
13 · Investments: program-related

end of year $0
14 · Intangible assets

end of year $0
15 · Other assets

end of year $0
17 · Accounts payable and accrued expenses

beginning of year $20,200
27 · Net assets without donor restrictions

beginning of year $1,492,510 · end of year $0
28 · Net assets with donor restrictions

beginning of year $213,013 · end of year $0

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 2023, ESPERANZA INTERNATIONAL, THROUGH ASSOCIATION ESPERANZA INTERNATIONAL, INC., A RELIGIOUS ORGANIZATION IN DOMINICAN REPUBLIC, PROVIDED 1,797 LOANS TO DESERVING ENTREPRENEURS THROUGH ITS MICROFINANCE PROGRAMS. OF THOSE LOANS, 75% WERE DISBURSED TO WOMEN AND 46% 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 $1.03 MILLION DURING 2023 WITH AN AVERAGE GROUP LOAN DISBURSED IN THE AMOUNT OF $366, AND THE AVERAGE INDIVIDUAL LOAN OF $946.

Expenses $158,716 · Grants $116,146

As filed on the 2022 return.

Listed in Part VII

Alexandra NunezALEXANDRA NUNEZ

PRESIDENT & CEO

Total calculated

$0

Hours/week

50
Dave ValleDAVE VALLE

FOUNDER

Total calculated

$0

Hours/week

30
Toby KilgoreTOBY KILGORE

BOARD CHAIR

Total calculated

$0

Hours/week

1.6
Jerameel RosarioJERAMEEL ROSARIO

VICE CHAIR

Total calculated

$0

Hours/week

1.6
Scott OlsonSCOTT OLSON

TREASURER

Total calculated

$0

Hours/week

1.6
Elie LafortuneELIE LAFORTUNE

SECRETARY

Total calculated

$0

Hours/week

1.2
Jesse CaslerJESSE CASLER

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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

HOPE INTERNATIONAL

$1,461,268

Liquidation · CASH · Mar 31, 2023 · 501(C)(3)

Provenance

Return type: form_990
Tax year: 2022
Filed: 14 October 2023
IRS schema version: 2022v5.0
Source object: 202332879349301008

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