We are on a mission to elevate 10 million people from poverty to prosperity in the most underserved regions of latin America, africa, and asia through our community-led, scalable approach to rural market development and empowering entrepreneurs by providing them access to knowledge, markets, and financial services.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$100K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
3 of 6
filings with a surplus
Average surplus $16K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $24K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$147K
228% of total assets
Concern: liabilities are 228% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$527K
+13% vs prior year
Spent
$513K
To programs
85%
Net assets
−$82K
By yearFY2020–FY2025
Revenue
$527K
FY2021▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$466K
FY2021$527K
FY2022$1.3M
FY2023$492K
FY2024$145K
FY2025$417K
Expenses
$513K
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$495K
FY2021$513K
FY2022$504K
FY2023$631K
FY2024$660K
FY2025$417K
Net assets
−$82K
FY2021▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020−$97K
FY2021−$82K
FY2022$682K
FY2023$543K
FY2024$28K
FY2025$28K

From the FY2021 Form 990 · 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 Jul 2013.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $434K Management & general 14% · $72K Fundraising 1% · $7K

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

10 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$100,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Michelle Hnizda’s $120K as Executive Director is at the 89th percentile of top reported officer pay among 1636 $100K–1M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle Riestra———$100,000$100,000$125,000
Michelle Hnizda$120,000$120,000$120,000———

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 15aYes

Programs and updates

Alleviates poverty globally by creating income-generating opportunities through market-based solutions.

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Provided by the organization

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3 programs · $434K · in their own filed words · FY2021
01

Promoting entrepreneurship, employment, community savings, and credit groups in huaral peru. This project works in improving the economic oppurtunities in the vulnerable communities of huaral by providing technical assistance and accompaniment to community members that want to either start a business, improve and make an existing…

$293Kprogram expense
02

Market consolidation and small businesses development for indigenous textile artisans as a source for alternative employment and income for vulnerable women, peru and BOLIVIA.THE project aims at the competitive consolidation of the textile productionactivities initiated in a previous project, continuing working in improving professional…

$137Kprogram expense
03

Fostering access to slow fashion textile markets for indegenous women in cauca, COLUMBIA.THE project is improving the technical skills and business capacities of 200 indigenous women artisans of cauca activity they.

$4Kprogram 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
Total grants receivedfrom 2 funders$24K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$527K
Ln 12
Gifts and grantsLn 1h$527K
Investment incomeLn 3$380
Money outPt IX
$513K
Ln 25
Programscol B$434K
Managementcol C$72K
Fundraisingcol D$7K
Owns and owesPt X
−$82K
net assets · Ln 32
Cash and savingsLn 1–2$36K
Total assetsLn 16$64K
LiabilitiesLn 26$147K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$527K
Government grantsLn 1e$12K
Noncash giftsLn 1g$4K
Investment incomeLn 3$380
Total revenueLn 12$527K
Assets in detailPt X, end of year
CashLn 1$36K
Cash and savings togetherLn 1–2$36K
Total assetsLn 16$64K
LiabilitiesLn 26$147K
Net assetsLn 32−$82K
OperationsPt I, VI
EmployeesI 52
VolunteersI 612
Fiscal year endsHeaderDecember
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$64K$36K
Total assetsLn 16$65K$64K
LiabilitiesLn 26$162K$147K
Net assetsLn 32−$97K−$82K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$107K$29K$78K
Payroll taxesLn 10$8K$2K$6K
Accounting feesLn 11c$19K$2K$17K
Other fees for servicesLn 11g$366K$359K$4K$3K
Office expensesLn 13$10K$150$6K$4K
Information technologyLn 14$295$119$176
TravelLn 17$192$192
Depreciation, depletion and amortizationLn 22$336$336
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$325$42K−$41K
Total functional expensesLn 25$513K$434K$72K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $417K$417K$64$28K 990 PDF
FY2024 $145K$660K−$515K$28K 990 PDF
FY2023 $492K$631K−$139K$543K 990 PDF
FY2022 $1.3M$504K$765K$682K 990 PDF
FY2021 Viewing $527K$513K$15K−$82K 990 PDF
FY2020 $466K$495K−$29K−$97K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $527,227 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $465,601$526,847
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $349$380
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $465,950$527,227
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 $120,280$114,783
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $374,680$397,920
I-18 Total expensesPrior year $494,960$512,703
I-19 Revenue less expensesPrior year −$29,010$14,524
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $527,227 across 6 lines filed
VIII-1e Government grants$12,433
VIII-1f All other contributions, gifts and grants$514,414
VIII-1g Noncash contributions (included above)$3,956
VIII-1h Total contributions, gifts and grants$526,847
VIII-3 Investment incomeExcluded from tax $380$380
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $380$527,227
Part IX · Statement of functional expenses $512,703 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $28,845 · Management $78,206$107,051
IX-10 Payroll taxesPrograms $2,083 · Management $5,649$7,732
IX-11c Accounting feesPrograms $1,900 · Management $16,873$18,773
IX-11g Other fees for servicesPrograms $358,972 · Management $3,956 · Fundraising $3,018$365,946
IX-13 Office expensesPrograms $150 · Management $6,044 · Fundraising $4,295$10,489
IX-14 Information technologyManagement $119 · Fundraising $176$295
IX-17 TravelManagement $192$192
IX-22 Depreciation, depletion and amortizationManagement $336$336
IX-23 InsuranceManagement $1,564$1,564
IX-24 Other expenses (24a–d)Programs $41,639 · Management −$41,314$325
IX-25 Total functional expensesPrograms $433,589 · Management $71,625 · Fundraising $7,489$512,703
Part X · Balance sheet $64,329 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $63,575$35,903
X-3 Pledges and grants receivableStart of year $0$25,120
X-9 Prepaid expenses and deferred chargesStart of year $1,201$3,306
X-14 Intangible assetsStart of year $336$0
X-16 Total assetsStart of year $65,112$64,329
X-17 Accounts payable and accrued expensesStart of year $2,070$165
X-19 Deferred revenueStart of year $72,245$54,648
X-24 Unsecured notes and loans payableStart of year $75,339$65,558
X-25 Other liabilitiesStart of year $12,433$26,409
X-26 Total liabilitiesStart of year $162,087$146,780
X-27 Net assets without donor restrictionsStart of year −$96,975−$82,451
X-32 Total net assets or fund balancesStart of year −$96,975−$82,451
X-33 Total liabilities and net assetsStart of year $65,112$64,329
Part XI · Reconciliation of net assets −$82,451 net assets at year end
XI-1 Total revenue$527,227
XI-2 Total expenses$512,703
XI-3 Revenue less expenses$14,524
XI-4 Net assets at start of year−$96,975
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$82,451

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

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