Igarape INC FY2021 filing

Tax-deductible

New York, NY501(c)(3)InternationalEIN 81-2565459Revenue $3.6M in FY2021

On file with the IRSigarapeinc.org100 Church St Rm 800, 10007-2621 · New York, NYTax-exempt since Sep 2016Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $737K a year · 35% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $1.1M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
0.07% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 4 voting members
Fine: 2 of 4 voting members are independent, half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+284% vs prior year
Spent
$1.4M
To programs
93%
Net assets
$3.8M
By yearFY2020–FY2024
Revenue
$3.6M
FY2021▲ +284%
Tap a bar for its year
Revenue by fiscal year
FY2020$945K
FY2021$3.6M
FY2022$1.8M
FY2023$1.6M
FY2024$2.5M
Expenses
$1.4M
FY2021▲ +157%
Tap a bar for its year
Expenses by fiscal year
FY2020$545K
FY2021$1.4M
FY2022$1.8M
FY2023$1.3M
FY2024$1.7M
Net assets
$3.8M
FY2021▲ +138%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$3.8M
FY2022$1.5M
FY2023$1.6M
FY2024$2.3M

From the FY2021 Form 990 · 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 (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2016.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $1.3M Management & general 7% · $100K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Admin. Offic
$0Pt VII · Sec A

Henry Robert Muggah’s $48K as Executive Officer is at the 8th 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

NameFY2024FY2023FY2022
Henry Robert Muggah$48,000$48,000$281,189
Ilona Szabo——$51,800
Barbar Silva——$42,900

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

Igarape INC is an international affairs nonprofit based in New York, NY.

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Provided by the organization

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1 program · in their own filed words · FY2021
01

Igarape inc is a non-partisan research and advocacy organization. It is committed to catalyzing debate, shaping research, and fostering connections development challenges. Igarape inc is an independent public charity and supports data-driven, evidence-based and problem-oriented solutions to make people, communities and cities safer and…

Pt IX · col B

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
Dalberg CatalystFY2024$100K
Total grants receivedfrom 5 funders$1.1M
See all 5 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.6M
Money outPt IX
$1.4M
Ln 25
Programscol B$1.3M
Managementcol C$100K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$3.8M
LiabilitiesLn 26$3K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.6M
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$1.0M
Cash and savings togetherLn 1–2$1.0M
Total assetsLn 16$3.8M
LiabilitiesLn 26$3K
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$343K$1.0M
Total assetsLn 16$1.6M$3.8M
LiabilitiesLn 26$4K$3K
Net assetsLn 32$1.6M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$647K$647K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$16K$16K
Other fees for servicesLn 11g$649K$649K
Office expensesLn 13$1K$1K
Information technologyLn 14$4K$4K
TravelLn 17$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$66K$66K
Total functional expensesLn 25$1.4M$1.3M$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$1.7M$791K$2.3M 990 PDF
FY2023 $1.6M$1.3M$322K$1.6M 990 PDF
FY2022 $1.8M$1.8M−$57K$1.5M 990 PDF
FY2021 Viewing $3.6M$1.4M$2.2M$3.8M 990 PDF
FY2020 $945K$545K$400K$1.6M 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 $3,633,968 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $945,284$3,633,968
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $945,284$3,633,968
I-13 Grants and similar amounts paidPrior year $230,234$647,199
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $314,791$755,232
I-18 Total expensesPrior year $545,025$1,402,431
I-19 Revenue less expensesPrior year $400,259$2,231,537
Part VI · Governance 2 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $3,633,968 across 3 lines filed
VIII-1f All other contributions, gifts and grants$3,633,968
VIII-1h Total contributions, gifts and grants$3,633,968
VIII-12 Total revenue$3,633,968
Part IX · Statement of functional expenses $1,402,431 across 9 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $647,199$647,199
IX-11b Legal feesManagement $10,825$10,825
IX-11c Accounting feesManagement $15,591$15,591
IX-11g Other fees for servicesPrograms $649,289$649,289
IX-13 Office expensesManagement $1,013$1,013
IX-14 Information technologyManagement $4,463$4,463
IX-17 TravelPrograms $5,463$5,463
IX-23 InsuranceManagement $2,370$2,370
IX-24 Other expenses (24a–d)Management $66,218$66,218
IX-25 Total functional expensesPrograms $1,301,951 · Management $100,480 · Fundraising $0$1,402,431
Part X · Balance sheet $3,848,483 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $343,244$1,000,369
X-3 Pledges and grants receivableStart of year $1,268,522$2,845,744
X-9 Prepaid expenses and deferred chargesStart of year $3,734$2,370
X-16 Total assetsStart of year $1,618,233$3,848,483
X-17 Accounts payable and accrued expensesStart of year $3,918$2,627
X-26 Total liabilitiesStart of year $3,918$2,627
X-28 Net assets with donor restrictions$3,845,856
X-32 Total net assets or fund balancesStart of year $1,614,315$3,845,856
X-33 Total liabilities and net assetsStart of year $1,618,233$3,848,483
Part XI · Reconciliation of net assets $3,845,856 net assets at year end
XI-1 Total revenue$3,633,968
XI-2 Total expenses$1,402,431
XI-3 Revenue less expenses$2,231,537
XI-4 Net assets at start of year$1,614,315
XI-8 Prior period adjustments$4
XI-10 Net assets at end of year$3,845,856

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

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