Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2001.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
What each dollar paid for.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990.
Joseph Denicola’s $19K as Executive Director is at the 56th percentile of top reported officer pay among 167 <$100K international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Joseph Denicola | $18,720 | $38,000 | $60,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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 15aNo
- Loans to or from officersSch L · Pt II11 listed
Programs and updates
Empowers Nicaraguan farmers and children with microcredit and training for financial security and healthy communities.
Questions for Sostenica INC
Your first name shows with your question. Sostenica INC answers here, for everyone.
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Research strategies for sustainable agriculture in rural Nicaragua and train local farmers in strategies developed. Research into occupational risk factors of Chronic Kidney Disease (CKD) among a cohort of Central American workers affecting clients of SosteNica. Program suspended during 2022.
Microlending in Nicaragua. Due to political and economic issues in Nicaragua, this program did not receive any interest income nor did it pay dividends to investors in the program.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $13K | $10K |
| Total assetsLn 16 | $733K | $730K |
| LiabilitiesLn 26 | $1.5M | $1.5M |
| Net assetsLn 32 | −$777K | −$760K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Legal feesLn 11b | $3K | $0 | $3K | $0 |
| Office expensesLn 13 | $61 | $0 | $61 | $0 |
| Information technologyLn 14 | $267 | $0 | $267 | $0 |
| Total functional expensesLn 25 | $3K | $0 | $3K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $20K | $3K | $17K | −$760K | 990 PDF |
| FY2023 | $63K | $309K | −$246K | −$777K | 990 PDF |
| FY2022 | $198K | $318K | −$121K | −$530K | 990 PDF |
| FY2021 | $297K | $366K | −$69K | −$410K | 990 PDF |
| FY2020 | $495K | $674K | −$179K | −$439K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $20,080 revenue, 12 lines filed
Part VI · Governance 7 of 9 board members independent, 1 to look at
Part VIII · Statement of revenue $20,080 across 3 lines filed
Part IX · Statement of functional expenses $3,132 across 3 lines filed
Part X · Balance sheet $730,156 assets, 8 lines filed
Part XI · Reconciliation of net assets −$759,683 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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