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International : Development and Relief Services (Grantmaking/Grants Payable)

Fonkoze USA

Building the economic foundations for democracy in Haiti

two stars

77.06

1718 Connecticut Ave NW Suite 201
Washington, DC 20009
tel: (202) 628-9033   Web Site
EIN: 52-2022113

Board Leadership
Therese Feng
Chair

CEO
Mabel Valdivia
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 77.06 two stars
  Financial 67.57 one star
  Accountability & Transparency 100.00 four stars
This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.

Fonkoze USA secures financial and technical support for its Haitian partners, Fonkoze Foundation and Fonkoze Financial Services. Fonkoze USA educates the American public about it's partners' work in Haiti, facilitates technical assistance, raises money to support their services and programs, and provides the due diligence and reporting for donors. Fonkoze USA also acts as a channel for socially responsible investors who want to invest in Fonkoze Financial Service's loan fund by lending their money at subsidized interest rates. The vision of the Fonkoze Family is a Haiti where people, standing together, shoulder to shoulder, have pulled themselves out of poverty. Our mission is to work together to provide financial and non-financial services to empower Haitians - primarily women - to lift their families out of poverty. In Haiti, there are 45 branches, over 850 employees, 62,000 loans in the hands of women entrepreneurs, nearly 200,000 savers, and other supporting services.

Fonkoze USA secures financial and technical support for its Haitian partners, Fonkoze Foundation and Fonkoze Financial Services. Fonkoze USA educates the American public about it's partners' work in Haiti, facilitates technical assistance, raises money to support their services and programs, and provides the due diligence and reporting for donors. Fonkoze USA also acts as a channel for socially responsible investors who want to invest in Fonkoze Financial Service's loan fund by lending their money at subsidized interest rates. The vision of the Fonkoze Family is a Haiti where people, standing together, shoulder to shoulder, have pulled themselves out of poverty. Our mission is to work together to provide financial and non-financial services to empower Haitians - primarily women - to lift their families out of poverty. In Haiti, there are 45 branches, over 850 employees, 62,000 loans in the hands of women entrepreneurs, nearly 200,000 savers, and other supporting services.

Impact Information

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Reported Results
Total in 2017
Number of savings accounts used by clients
210,986
Number of borrowers served through the nonprofit's programs
64,556
Number of families who have participated in our ultra-poverty alleviation program CLM since inception
6,671
This impact information is current as of September 2019, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

one star

67.57

Accountability & Transparency

four stars

100.00

This rating was published 10/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
76.5%
  Administrative Expenses 12.3%
  Fundraising Expenses 11.0%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 0.42
  Program Expenses Growth -20.8%
  Liabilities to Assets 77.5%
All data for Financial Performance Metrics calculations was provided by Fonkoze USA on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Fonkoze USA on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fonkoze USA (DC) 77.06 two stars
The Negev Foundation (OH) 87.29 three stars
The Resource Foundation (NY) 93.87 four stars
Healing Waters International (CO) 86.53 three stars
Water for Good (IN) 88.02 three stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,424,650
   Federated Campaigns $3,769
   Membership Dues $0
   Fundraising Events $74,948
   Related Organizations $0
   Government Grants $0
Total Contributions $2,503,367
   Program Service Revenue $0
Total Primary Revenue $2,503,367
   Other Revenue $164,352
TOTAL REVENUE $2,667,719
   
EXPENSES  
   Program Expenses $1,560,868
   Administrative Expenses $246,872
   Fundraising Expenses $238,861
TOTAL FUNCTIONAL EXPENSES $2,046,601
   
Payments to Affiliates $0
Excess (or Deficit) for the year $621,118
   
Net Assets $1,152,860

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Grant Program $1,015,578 65.1%
Haiti Support Programs $371,727 23.8%
Education $173,563 11.1%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 10/01/2019 77.06 two stars
2017-12 05/01/2019 77.87 two stars
2017-12 04/01/2019 77.69 two stars
2016-12 12/01/2018 80.26 three stars
2015-12 02/01/2017 87.30 three stars
2014-12 06/01/2016 90.71 four stars
 
CN 2.0
2014-12 12/01/2015 94.75 four stars
2013-12 05/01/2015 95.76 four stars
2012-12 12/01/2013 96.56 four stars
2011-12 11/06/2012 96.03 four stars
2010-12 02/01/2012 95.25 four stars
2009-12 10/01/2011 93.25 four stars
2009-12 09/20/2011 83.78 three stars
 
CN 1.0
2009-12 11/01/2010 93.51 four stars
2008-12 03/01/2010 93.06 four stars
2007-12 03/01/2009 84.96 three stars
2006-12 12/01/2007 87.64 three stars
2005-12 05/01/2007 67.17 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-2022113
Name in IRS Master File FONKOZE USA INC
NTEE Code Q12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type International, Foreign Affairs and National Security
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(562) Other loans to individuals
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date August, 1997
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • December, 2014
  • December, 2013
Compensation % of Expenses Paid to Title
$166,500 8.13% Mabel Valdivia-Diaz Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Fonkoze USA (DC) 77.06 two stars
Healing Waters International (CO) 86.53 three stars
Kids Around the World (IL) 96.46 four stars
One World Children's Fund (CA) 98.23 four stars
Bridges to Prosperity (CO) 93.98 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Fonkoze USA
1718 Connecticut Ave NW
Suite 201
Washington, DC 20009
tel: (202) 628-9033
fax: (202) 628-9035
EIN: 52-2022113

Visit Web Site

Board Leadership

Therese Feng
Chair

CEO

Mabel Valdivia
Executive Director

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