Fonkoze USA
Fonkoze USA
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About this organization
Mission
Fonkoze is a family of organizations that work together to provide the financial and non-financial services to empower Haitians—primarily women—to lift their families out of poverty.
About
Fonkoze was created over 28 years ago to bring financial inclusion and development services to Haiti’s poor – providing them a viable way to lift themselves out of poverty. Fonkoze is a family of 3 organizations: Fonkoze Financial Services (Sèvis Finansye Fonkoze (SFF), S.A.), Fonkoze Foundation (Fondasyon Kole Zepòl) and Fonkoze USA. Fonkoze Financial Services (SFF) is a Haitian microfinance company with a double bottom line: we aim to lift families and communities out of poverty while operating in a financially self‐sustaining manner. Fonkoze Foundation (Fondasyon Kole Zepòl): is a Haitian non-profit institution that provides development services and programs to support the ultra-poor and Fonkoze’s microfinance clients with the resources and skills they need to overcome obstacles and become successful on their climb up Fonkoze’s Staircase Out of Poverty. Fonkoze USA: is an American 501(c)3 nonprofit organization dedicated to securing financial and technical support for its Haitian partners. It educates the American public about Fonkoze’s work in Haiti, facilitates technical assistance for the two Haitian entities and raises money to support Fonkoze’s programs. Fonkoze USA also acts as a channel for socially responsible investors who want to “invest” in Fonkoze’s loan fund by lending their money at subsidized interest rates. Fonkoze USA gives American donors access to tax advantages available to the fullest extent allowed, and conducts the necessary due diligence on Fonkoze’s operations. The Fonkoze Family works in an integrated manner to offer a holistic approach to reducing poverty in Haiti. Together with other stakeholders and partners, we work kole zepòl (shoulder‐to‐shoulder) to provide financial and non‐financial services to empower Haitians — primarily women — to lift their families out of poverty.
Interesting data from their 2019 990 filing
The purpose of the non-profit is stated in the filing as “Fonkoze usa secures financial and technical support for its haitian partners and educates the american public about fonkoze's work in haiti. fonkoze usa also acts as a channel for socially responsible investors who want to "invest" in fonkoze's loan fund.”.
Their activities were defined as: “Fundraise funds (donation and social investment) for poor in haiti and educate the us public on our work in haiti.”.
- As per legal requirements, the non-profit's state of operation is reported as NY.
- The non-profit's address in 2019 as per the filing is 1718 CONNECTICUT AVE NW NO 201, WASHINGTON, DC, 20009.
- The form of the non-profit organization shows 9 employees as of 2019.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $621,118.
- The organization has 18 independent voting members.
- The organization was formed in 1997.
- The organization pays $606,944 in salary, compensation, and benefits to its employees.
- The organization pays $238,861 in fundraising expenses.