Iringa Hope FY2023 filing

Saint Paul, MN · Public charity (501(c)(3)) · Food & Agriculture

✓ Tax-deductible
Revenue
$170K
+68% vs prior year
Spent
$173K
To programs
97%
Net assets
$103K
By yearFY2020–FY2024
Revenue
$170K
FY2023▲ +68%
Revenue by fiscal year
FY2020$397K
FY2021$522K
FY2022$101K
FY2023$170K
FY2024$98K
Expenses
$173K
FY2023▲ +68%
Expenses by fiscal year
FY2020$448K
FY2021$527K
FY2022$103K
FY2023$173K
FY2024$95K
Net assets
$103K
FY2023▼ -3%
Net assets by fiscal year
FY2020$113K
FY2021$108K
FY2022$106K
FY2023$103K
FY2024$106K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CIringa Hope
EINHdr · item D27-4496193
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 2011
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSaint Paul, MN
NTEE classificationIRS BMFFood & Agriculture (K122)
WebsiteHdr · item Jiringahope.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.01 Fundraising $0.01
Program services97%$169K
Management & general1%$2K
Fundraising1%$2K
Total functional expensesLn 25$173K

Financial health

Is it on solid ground?

Program efficiency
97%
of spending reaches programs
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$103K
FY2023▼ -3%
Total assets by fiscal year
FY2020$113K
FY2021$108K
FY2022$106K
FY2023$103K
FY2024$106K
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$103K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Balance Sheet

Part X · end of year
CashLn 1$103K
Total assetsLn 16$103K
Total liabilitiesLn 26$0
Total net assetsLn 32$103K
Months of cash on handcomputed7.1

Statement of Revenue

Part VIII
Contributions & grants$166K · 98%
Investment income$4K · 2%
Contributions & grants98%$166K
Investment income2%$4K
Total revenueLn 12$170K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $103K · Operating expenses (Pt IX) $173K · Less non-cash grants $2K · Cash operating expenses/yr $172K
7.2 months
Where the money goes
Program services
Program services $169K · Total expenses $173K
97%
Management & General
Management & general $2K · Total expenses $173K
1%
Fundraising
Fundraising $2K · Total expenses $173K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $260K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $166K · Total revenue $170K
98%
Government reliance
Government grants $0 · Total revenue $170K
0%
Earned-income share
Program service revenue $0 · Total revenue $170K
0%
Investment reliance
Investment income $4K · Total revenue $170K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $173K
0%
Growth & trend
Revenue growth (YoY)
This year $170K · Prior year $101K
+68%
Net-asset trend (YoY)
End of year $103K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $170K · Expenses $173K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $103K
—
Net-asset ratio
Net assets $103K · Total assets $103K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $103K
0%
People & payroll
Highest Reported Total Compensation
Individual Norm Siekman · Reported title President · Highest reported compensation $0 · Total expenses $173K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $173K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 1%——
Fundraising cost ratio 1%——
Revenue growth 68%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.2%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Iringa Hope executive salaries →

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Governance & Policies

Part VI
  • 6Voting board membersPt VI · Ln 1a
  • 6Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowers Tanzanian families with micro-loans and farming groups to boost their economy and lives.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $76K of program spending, described in the organization's own filed words · FY2023.
01

Iringa Hope gave grants for additional construction expenses at a 20,000+ square foot Market Center in Iringa Tanzania. The Market Center provides storage for bulk sales of crops gathering space for large training and education sessions space for a trading operation soil and crop analysis operations along with area for future expansion.

$76Kprogram expense
02

Iringa Hope Joint Saccos

This is a SACCOS whose members are registered village SACCOS Savings and Credit Cooperative Societies under Tanzanian law. This acts like a micro-finance bank supporting the network of Iringa Hope Village SACCOS. Annual loans augment the village SACCOS capital to enable making more loans to their members.

Pt IX · col B
03

Develop Village Saccos

Iringa Hope makes funds available to the Iringa Hope MFI Institute Limited to give grants to new and existing village SACCOS to bring up their paid-in capital so they are able to make more loans to members. Funds provided by Iringa Hope are not always used in the year the grant is made.

Pt IX · col B

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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 · FY2023
Total grants receivedfrom 3 funders$74K
See all 3 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $98K$95K-42% 990 PDF
FY2023 Viewing $170K$173K+68% 990 PDF
FY2022 $101K$103K-81% 990 PDF
FY2021 $522K$527K+32% 990 PDF
FY2020 $397K$448K 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

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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