Mercado Global INC FY2021 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2004InternationalEIN 20-1348926Revenue $1.3M in FY2021

On file with the IRSmercadoglobal.org254 36th St Suite C308, 11232-2408 · Brooklyn, NYTax-exempt since Feb 2005Publicly supported — 509(a)(2)

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Mercado Global empowers rurual artisian entrepreneurs across the americas to lift their families out of poverty through business training and access to international markets. Through our nonprofit model, we strengthen communities and families, weaving market access, community-based education,and asset development into a program focused on financial independence to overcome poverty.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $19K a year · 1% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
15
named funders · $556K
Looks good: 15 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$320K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+9% vs prior year
Spent
$1.3M
To programs
88%
Net assets
$97K
By yearFY2020–FY2025
Revenue
$1.3M
FY2021▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.2M
FY2023$1.6M
FY2024$1.8M
FY2025$1.9M
Expenses
$1.3M
FY2021▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.2M
FY2023$1.6M
FY2024$1.8M
FY2025$1.9M
Net assets
$97K
FY2021▲ +437%
Tap a bar for its year
Net assets by fiscal year
FY2020$18K
FY2021$97K
FY2022$119K
FY2023$121K
FY2024$123K
FY2025$125K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.1M Management & general 6% · $81K Fundraising 5% · $65K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board of Directors
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Mercado Global INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers rural artisans through entrepreneurship to escape poverty.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2020
01

Economic empowerment programour economic empowerment program provides fair wage employment to over 300 indigenous women in guatemala by connecting their artisan cooperatives with sales opportunities at major u. S. Companies.

$799Kprogram expense
02

Community partnership programwe seek to build mutual understanding and facilitate cultural exchange between artisan communities in guatemala and our supporter communities in the united states. Through the community partnership program, individuals from the U.S. Visit communities in guatemala to see the impact of their support.

$147Kprogram expense
03

Women's leadership & well being empowerment programin conjunction with our economic empowerment program, our community-based training program builds leadership skills, goal-setting, self-esteem, and conflict resolution skills among partner artisans.

$106Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 15 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$708K
Fees for servicesLn 2g$635K
Investment incomeLn 3$2K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$81K
Fundraisingcol D$65K
Owns and owesPt X
$97K
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$417K
LiabilitiesLn 26$320K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$708K
Government grantsLn 1e$131K
Fees for servicesLn 2g$635K
Investment incomeLn 3$2K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$64K
SavingsLn 2$33K
Cash and savings togetherLn 1–2$96K
InvestmentsLn 11–13$69
Land, buildings, equipmentLn 10c$11K
Other assetsLn 15$0
Total assetsLn 16$417K
LiabilitiesLn 26$320K
Net assetsLn 32$97K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$45K$96K
InvestmentsLn 11–13$70$69
Land, buildings, equipmentLn 10c$15K$11K
Total assetsLn 16$344K$417K
LiabilitiesLn 26$326K$320K
Net assetsLn 32$18K$97K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$642K$523K$69K$50K
Depreciation, depletion and amortizationLn 22$4K$3K$869$217
Other expenses (24a–d)Ln 24$616K$590K$11K$15K
All other expensesLn 24e$4K$3K$706
Total functional expensesLn 25$1.3M$1.1M$81K$65K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.9M$1.9M$2K$125K 990 PDF
FY2024 $1.8M$1.8M$2K$123K 990 PDF
FY2023 $1.6M$1.6M$2K$121K 990 PDF
FY2022 $1.2M$1.2M$22K$119K 990 PDF
FY2021 Viewing $1.3M$1.3M$79K$97K 990 PDF
FY2020 $1.2M$1.2M$5K$18K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $1,344,940 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $711,063$708,078
I-9 Program service revenuePrior year $520,302$635,146
I-10 Investment incomePrior year $847$1,716
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,232,212$1,344,940
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $649,378$642,157
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $578,035$623,565
I-18 Total expensesPrior year $1,227,413$1,265,722
I-19 Revenue less expensesPrior year $4,799$79,218
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,344,940 across 6 lines filed
VIII-1e Government grants$131,380
VIII-1f All other contributions, gifts and grants$576,698
VIII-1h Total contributions, gifts and grants$708,078
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $635,146$635,146
VIII-3 Investment incomeExcluded from tax $1,716$1,716
VIII-12 Total revenueRelated to mission $635,146 · Unrelated business $0 · Excluded from tax $1,716$1,344,940
Part IX · Statement of functional expenses $1,265,722 across 4 lines filed
IX-7 Other salaries and wagesPrograms $523,145 · Management $69,318 · Fundraising $49,694$642,157
IX-22 Depreciation, depletion and amortizationPrograms $3,258 · Management $869 · Fundraising $217$4,344
IX-24 Other expenses (24a–d)Programs $590,206 · Management $10,764 · Fundraising $14,722$615,692
IX-24e All other expensesPrograms $2,823 · Fundraising $706$3,529
IX-25 Total functional expensesPrograms $1,119,432 · Management $80,951 · Fundraising $65,339$1,265,722
Part X · Balance sheet $416,897 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $23,792$63,544
X-2 Savings and temporary cash investmentsStart of year $21,586$32,653
X-4 Accounts receivableStart of year $52,374$115,766
X-8 Inventories for sale or useStart of year $205,504$187,794
X-9 Prepaid expenses and deferred chargesStart of year $19,145$4,010
X-10c Land, buildings and equipment, netStart of year $15,135$11,203
X-11 Publicly traded securitiesStart of year $70$69
X-14 Intangible assetsStart of year $781$1,858
X-15 Other assetsStart of year $5,386$0
X-16 Total assetsStart of year $343,773$416,897
X-17 Accounts payable and accrued expensesStart of year $56,553$118,610
X-24 Unsecured notes and loans payableStart of year $54,787$48,671
X-26 Total liabilitiesStart of year $325,640$319,546
X-27 Net assets without donor restrictionsStart of year $18,133$97,351
X-32 Total net assets or fund balancesStart of year $18,133$97,351
X-33 Total liabilities and net assetsStart of year $343,773$416,897
Part XI · Reconciliation of net assets $97,351 net assets at year end
XI-1 Total revenue$1,344,940
XI-2 Total expenses$1,265,722
XI-3 Revenue less expenses$79,218
XI-4 Net assets at start of year$18,133
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$97,351

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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