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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.
Why isn't this based on more recent data?

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.

Learn more about how we calculate the overall score and rating.

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.
Why isn't this based on more recent data?
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.
Information Provided on the Form 990  
  Independent Voting Board Members
  No Material diversion of assets
  Audited financials prepared by independent accountant
  Does Not Provide Loan(s) to or Receive Loan(s) From related parties
  Documents Board Meeting Minutes
  Provided copy of Form 990 to organization's governing body in advance of filing
  Conflict of Interest Policy
  Whistleblower Policy
  Records Retention and Destruction Policy
  CEO listed with salary
  Process for determining CEO compensation
  Board Listed / Board Members Not Compensated
Is the following information easily accessible on the charity's website?  
  Donor Privacy Policy
  Board Members Listed
  Audited Financials
  Form 990
  Key staff listed
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

Compare These Charities (Highly Rated)

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

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