Esperanza International Foundation
Esperanza International Foundation
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About this organization
Mission
The mission of Esperanza International is to free families from poverty and share the hope of Christ.
About
In 2018, Esperanza International, through Asociacion Esperanza Internacional, Inc., a religious organization in the Santo Domingo, provided 12,733 loans to deserving entrepreneurs in the Dominican Republic through its microfinance programs. Of those loans, 78.5% were disbursed to women and 55% were Haitian or of Haitian descent. As in years past, Esperanza offered its borrowers six different loan products, one more than in years past; 8,180 Bank of Esperanza loans, 3,419 solidarity group loans (the new product), 60 housing loans, 1,031 individual loans, 7 church initiative loans, and 36 school loans. The loan portfolio averaged USD 2.6 million during 2018 with an average group loan disbursed in the amount of 323, and the average individual loan of 778.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “The mission of esperanza international is to free children and their families from poverty through initiatives that generate income, education and health; restoring self-worth and dignity to those who have lost hope.”.
When talking about its functions, they were outlined as: “The mission of esperanza international is to free children and their families from poverty through initiatives that generate income, education and health; restoring self-worth and dignity to those who have lost hope.”.
- The legally reported state of operation for the non-profit is WA.
- According to the filing, the non-profit's address in 2020 is 13219 NE 20TH STREET 208, BELLEVUE, WA, 98009.
- The non-profit organization as of 2020 has a total of 6 employees reported on their form.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$350.
- The CEO's compensation within the organization is determined through a thorough evaluation by an impartial entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 5 independent voting members.
- The organization was formed in 1992.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $402,339 in salary, compensation, and benefits to its employees.
- The organization pays $1,006,334 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.
- The organization's financial statements were reviewed by an accountant.