International : Development and Relief Services (Grantmaking)

Fonkoze USA

Building the economic foundations for democracy in Haiti

three stars

80.26

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

Board Leadership
Damian Blackburn
Chair

CEO
Dominique Boyer
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 80.26 three stars
  Financial 72.38 two stars
  Accountability & Transparency 96.00 four stars
This rating was published 02/01/2018 and includes data from FY2016, 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.

Financial

two stars

72.38

Accountability & Transparency

four stars

96.00

This rating was published 02/01/2018 and includes data from FY2016, 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)
84.6%
  Administrative Expenses 8.3%
  Fundraising Expenses 7.0%
  Fundraising Efficiency $0.08
  Working Capital Ratio (years) 0.16
  Program Expenses Growth -6.4%
  Liabilities to Assets 82.8%
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.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $2,354,776
   Federated Campaigns $8,335
   Membership Dues $0
   Fundraising Events $313,504
   Related Organizations $0
   Government Grants $0
Total Contributions $2,676,615
   Program Service Revenue $77,063
Total Primary Revenue $2,753,678
   Other Revenue $31,007
TOTAL REVENUE $2,784,685
   
EXPENSES  
   Program Expenses $2,246,657
   Administrative Expenses $285,358
   Fundraising Expenses $309,116
TOTAL FUNCTIONAL EXPENSES $2,841,131
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-56,446
   
Net Assets $785,795

Charts

Compensation % of Expenses Paid to Title
$114,677 4.03% Margaret A. Fourre Executive Director

Mission

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.

Highly Rated

Charity Name & State Overall Score Overall Rating
Fonkoze USA (DC) 80.26 three stars
Tostan (DC) 92.54 four stars
Kids Around the World (IL) 92.29 four stars
ACCION International (MA) 92.71 four stars
Friends of Women's World Banking (FWWB) (NY) 87.58 three stars

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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

Damian Blackburn
Chair

CEO

Dominique Boyer
Chief Executive Officer