Upaya Social Ventures
Upaya Social Ventures
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About this organization
Mission
Our mission is to create dignified jobs for the poorest of the poor by building scalable businesses with investment and consulting support.
About
Upaya creates dignified jobs for the poorest of the poor by building scalable businesses with investment and consulting support. Since 2011, Upaya has supported 20 small and growing businesses in India with investments and expertise. As of December 2018, Upaya partners have created nearly 12,000 jobs. In 2018, Upaya accelerated the growth of 11 additional companies and selected two new partners for our investment portfolio. Through a cross-portfolio impact assessment, we found that 78% of these job holders rose above the extreme poverty line within three years.
Interesting data from their 2019 990 filing
The purpose of the non-profit is outlined in the filing as “To create dignified jobs for the poorest of the poor by building scaleable businesses with investment and consulting support.”.
When discussing its operations, they were defined as: “Upaya lifts the poorest of the poor through job creation, not hand-outs. we promote employers, working long-term to maximize lasting job opportunities for those who need it most. we build a ladder out of extreme poverty, creating lasting impact in communities around the world. we run a business accelerator in india for companies that employ the extreme poor and invest in the top companies completing the program. since 2011, we have accelerated 31 small and growing businesses in india and invested in 14 of those companies; our 14 portfolio companies have created over 12,000 jobs as of december 2018.”.
- The state where the non-profit operates has been legally reported as WA.
- The filing indicates that the non-profit's address in 2019 is located at 500 Yale Ave N Suite 202, Seattle, WA, 98109.
- The non-profit has reported 3 employees on their form as of 2019.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $22,306.
- The organization has 9 independent voting members.
- The organization was formed in 2011.
- The organization pays $352,519 in salary, compensation, and benefits to its employees.
- The organization pays $116,989 in fundraising expenses.
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