International : Development and Relief Services (Grantmaking)

Fonkoze USA

Building the economic foundations for democracy in Haiti

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Impact Information Available
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three stars

80.26

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 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.

Impact Information

Program Name: Boutik Sante
Problem

In rural Haiti, the mortality rate for children under-five is 87/1000 births. The principal causes of morbidity in Haiti are preventable, yet the health services, infrastructure, and product market are inadequate and dysfunctional. In the absence of social services, non-governmental health initiatives occasionally fill the void, yet programs are often short-term, small-scale, and unsustainable. So, reliable, affordable access to quality health products and services in rural areas remains poor.

Strategy

Boutik Sante leverages Fonkoze’s nationwide microfinance network, whose clients have consistently requested access to basic health products and services. Boutik Sante is our response. Fonkoze trains select clients to become community health entrepreneurs. They provide training, sell products, and deliver services based on their client population’s demand. They buy products from Fonkoze; Fonkoze buys products from Healthy Entrepreneurs/Haiti Medicine; profits will sustain the program’s growth.

IF:THEN

IF the Boutik Sante Program provides the necessary training in health products and services to entrepreneurs; if Fonkoze and its partners effectively manage the product supply chain; and if the target client population purchases, appropriately uses, and is satisfied with offered services...

THEN by 2020, nearly 1 million Haitians will have improved access to health products and services; the target client population will demonstrate a 20% reduction in morbidity of children under five years of age as well as improvements in indicators related to family planning, maternal and child health, and chronic disease; 1,800 Boutik Sante entrepreneurs will experience improved livelihoods; and profits from the sale of products will enable the program to be self-sustaining.
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This impact information is current as of November 2017, when it was provided to us by Classy. Impact information published on this organization's rating page has no effect on its rating at this time. data iconLearn More

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
American India Foundation (NY) 91.04 four stars
Vital Voices Global Partnership (DC) 88.55 three stars
Global Greengrants Fund (CO) 100.00 four stars
ECHO (FL) 93.09 four 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

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Board Leadership

Therese Feng
Chair

CEO

Mabel Valdivia
Executive Director