Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
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
13 people listed on the 990; $233K paid to officers and key staff.
Mihai Patru’s $100K as President is at the 31st percentile of top reported officer pay among 1168 $1–10M 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 |
|---|---|---|
| Mihai Patru | $100,450 | — |
| Franzene Minott | $67,039 | — |
| Stephen Bennett | $65,700 | $63,750 |
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
Programs and updates
Supports mission-driven groups through training, education, and technical assistance to foster cultural and environmental progress.
Questions for Caravanserai Project
Your first name shows with your question. Caravanserai Project answers here, for everyone.
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Business readiness training and grant making are interconnected and provide mission-driven entrepreneurs both technical support and funding. Starting 2022 to 2024, caravanserai project will work with over 200 beneficiaries in the ie and provide a total of over $1.5m in micro-grants.
The business coaching program provides one-on-one and group advisory services to entrepreneurs, nonprofit leaders, and small business owners to strengthen their management, operations, and long term sustainability.
Seed lab pre-accelerator, launched in 2018, is an 8-MONTH program (october - may) designed to help startup and early-stage entrepreneurs build viable mission-driven ventures from ideation to piloting and scaling. In 2019, the program was approved by ucr-extension as a 9-PROFESSIONAL credit specialized certificate.
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 | $1.3M | $329K |
| InvestmentsLn 11–13 | $12K | |
| Land, buildings, equipmentLn 10c | $5K | $7K |
| Total assetsLn 16 | $1.5M | $745K |
| LiabilitiesLn 26 | $122K | $149K |
| Net assetsLn 32 | $1.4M | $596K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $483K | $483K | ||
| Pay of current officers, directors and key staffLn 5 | $233K | $210K | $23K | |
| Other salaries and wagesLn 7 | $350K | $284K | $66K | |
| Other employee benefitsLn 9 | $58K | $30K | $27K | |
| Payroll taxesLn 10 | $51K | $46K | $5K | |
| Management feesLn 11a | $91K | $78K | $13K | |
| Accounting feesLn 11c | $56K | $56K | ||
| Other fees for servicesLn 11g | $243K | $235K | $8K | |
| Advertising and promotionLn 12 | $65K | $61K | $4K | |
| Office expensesLn 13 | $33K | $22K | $11K | |
| Information technologyLn 14 | $7K | $3K | $4K | |
| OccupancyLn 16 | $39K | $20K | $18K | $3 |
| TravelLn 17 | $21K | $11K | $10K | |
| InterestLn 20 | $288 | $288 | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $4K | $4K | ||
| Other expenses (24a–d)Ln 24 | $23K | $6K | $16K | |
| All other expensesLn 24e | $6K | $1K | $4K | $282 |
| Total functional expensesLn 25 | $1.8M | $1.5M | $275K | $285 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.0M | $1.8M | −$758K | $596K | 990 PDF |
| FY2023 | $2.4M | $1.5M | $874K | $1.4M | 990 PDF |
| FY2022 | $889K | $1.0M | −$113K | $479K | 990 PDF |
| FY2021 | $1.2M | $638K | $559K | $654K | 990 PDF |
| FY2020 | $415K | $407K | $8K | $70K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,007,396 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 2 to look at
Part VIII · Statement of revenue $1,007,396 across 5 lines filed
Part IX · Statement of functional expenses $1,765,431 across 18 lines filed
Part X · Balance sheet $745,147 assets, 15 lines filed
Part XI · Reconciliation of net assets $595,666 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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