International : Development and Relief Services

Grameen Foundation USA

Empowering people. Changing lives. Innovating for the world's poor.

Rating

Overall Rating    
      (59.25)
Organizational Efficiency      
Program Expenses 67.5%    
Administrative Expenses 26.8%    
Fundraising Expenses 5.6%    
Fundraising Efficiency $0.03    
Efficiency Rating    
      (29.25)
Organizational Capacity      
Primary Revenue Growth 38.1%    
Program Expenses Growth 13.6%    
Working Capital Ratio (years) 1.15    
Capacity Rating    
      (30.00)

Income Statement     (FYE 12/2006)

Revenue  
Primary Revenue $15,993,751
Other Revenue $334,040
Total Revenue $16,327,791
   
Expenses  
Program Expenses $7,003,289
Administrative Expenses $2,782,579
Fundraising Expenses $581,522
Total Functional Expenses $10,367,390
   
Payments to Affiliates $0
Excess (or Deficit) for the year $5,960,401
   
Net Assets $19,319,671

Contact Information

Grameen Foundation USA
50 F Street, NW
8th Floor
Washington, DC 20001
tel: (202) 628-3560
fax: (202) 628-3880

Contact Email
Visit Web Site

Leadership      (FYE 12/2006)

Name Title Compensation % of Expenses
Alex Counts President, CEO (The person identified as holding the highest position of management, and therefore who would normally be responsible for carrying out the mission of the charity and leading the organization on a day-to-day basis.) $114,302 1.10%
Other Salaries of Note
Deborah Burand Executive Vice President of Programs (Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances. We do not include contributions to benefit plans or compensation deferred to a future date.) $138,004 1.33%
Nancy Nelson Vice President of Development (Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances. We do not include contributions to benefit plans or compensation deferred to a future date.) $132,230 1.27%
Susan Davis Chair (Using information reported on an organization's most recent Form 990, we include as compensation an individual's salary, cash bonuses, and expense accounts and other allowances. We do not include contributions to benefit plans or compensation deferred to a future date.) $10,000 0.09%

Donor Privacy Policy

YES, this charity has a written donor privacy policy.

Mission

Grameen Foundation (GF) USA supports microfinance, commonly known as banking for the poor. Microfinance provides small loans, savings, and other financial services so poor people can launch businesses. As an entrepreneur's business grows, so does her self-esteem, her family's well-being, and jobs in her community. GF was founded in 1997 by individuals inspired by Muhammad Yunus and Grameen Bank, Nobel Peace Prize laureates. Our mission is to empower the world's poorest people to lift themselves out of poverty with dignity through access to financial services and to information. GF provides local organizations with financing, technology and training so they can follow in Grameen Bank's footsteps. These organizations, GF's partners, serve millions across Africa, the Americas, Asia and the Middle East.

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