Pro Mujer INC FY2022 filing

Tax-deductible

New York, NY501(c)(3)Since 1990InternationalEIN 98-0115409

TO PROVIDE FINANCIAL INCLUSION, HEALTH AND WELLBEING, AND entrepreneurship AND skilling opportunities for underserved women in Latin America, (continued on schedule o)

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
$1.7M 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

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Worth a look: 1 of the last 5 filings shows a deficit.
Pt I · Ln 19 · 5 filings
How much reaches the programs?
91%
of spending
Looks good: 91% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
What are leaders paid?
$1.7M
to officers and key staff · 3% of spending
Looks good: leaders' pay is 3% of spending; 15% or less looks good.
Pt VII · Sec A
Do they have reserves?
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more looks good.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
10
named funders · $349K
Looks good: 10 funders name it on their filings; 3 or more looks good.
Funders’ Sch. I, 990-PF
Do they carry debt?
$206.4M
liabilities
Concern: debts are 81% of assets; over 80% is a concern.
Pt X · Ln 26
Who oversees it?
14
independent of 15 voting board members
Looks good: 14 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$73.8M
+36% vs prior year
Spent
$59.0M
To programs
91%
Net assets
$49.1M
By yearFY2020–FY2024
Revenue
$73.8M
FY2022▲ +36%
Revenue by fiscal year
FY2020$46.5M
FY2021$54.4M
FY2022$73.8M
FY2023$75.1M
FY2024$66.7M
Expenses
$59.0M
FY2022▲ +16%
Expenses by fiscal year
FY2020$46.0M
FY2021$50.9M
FY2022$59.0M
FY2023$73.4M
FY2024$68.8M
Net assets
$49.1M
FY2022▲ +10%
Net assets by fiscal year
FY2020$40.8M
FY2021$44.6M
FY2022$49.1M
FY2023$40.0M
FY2024$39.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 CPro Mujer INC
EINHdr · item D98-0115409
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1991
Year of formationHdr · item L1990
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CNew York, NY
NTEE classificationIRS BMFInternational (Q300)
WebsiteHdr · item Jwww.promujer.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 $0.91 Management & general $0.08 Fundraising $0.02
Program services91%$53.5M
Management & general8%$4.4M
Fundraising2%$1.1M
Total functional expensesLn 25$59.0M

Financial health

Is it on solid ground?

Program efficiency
91%
of spending reaches programs
Operating runway
11.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$255.5M
FY2022▲ +3%
Total assets by fiscal year
FY2020$221.4M
FY2021$248.5M
FY2022$255.5M
FY2023$270.2M
FY2024$271.8M
Total liabilities
$206.4M
FY2022▲ +1%
Total liabilities by fiscal year
FY2020$180.6M
FY2021$203.9M
FY2022$206.4M
FY2023$230.2M
FY2024$232.6M
Revenue less expensesPt I · Ln 19$14.8M
Total assetsPt X · Ln 16$255.5M
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 414

Balance Sheet

Part X · end of year
CashLn 1$37.6M
Total assetsLn 16$255.5M
Total liabilitiesLn 26$206.4M
Total net assetsLn 32$49.1M
Months of cash on handcomputed7.6

Statement of Revenue

Part VIII
Program service revenue$60.2M · 82%
Contributions & grants$11.2M · 15%
Investment income$1.8M · 2%
Other revenue$607K · 1%
Program service revenue82%$60.2M
Contributions & grants15%$11.2M
Investment income2%$1.8M
Other revenue1%$607K
— government grantsLn 1e$130K
Total revenueLn 12$73.8M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $57.9M · Operating expenses (Pt IX) $59.0M · Less non-cash grants $52K · Cash operating expenses/yr $59.0M
11.8 months
Where the money goes
Program services
Program services $53.5M · Total expenses $59.0M
91%
Management & General
Management & general $4.4M · Total expenses $59.0M
8%
Fundraising
Fundraising $1.1M · Total expenses $59.0M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $1.1M · Solicited contributions (3-yr avg) $5.9M
$0.18 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $11.2M · Total revenue $73.8M
15%
Government reliance
Government grants $130K · Total revenue $73.8M
0.2%
Earned-income share
Program service revenue $60.2M · Total revenue $73.8M
82%
Investment reliance
Investment income $1.8M · Total revenue $73.8M
+2%
Program self-sufficiency
Program service revenue $60.2M · Total expenses $59.0M
102%
Growth & trend
Revenue growth (YoY)
This year $73.8M · Prior year $54.4M
+36%
Net-asset trend (YoY)
End of year $49.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $73.8M · Expenses $59.0M
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $255.5M
—
Net-asset ratio
Net assets $49.1M · Total assets $255.5M
19%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $20.3M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $255.5M
8%
People & payroll
Highest Reported Total Compensation
Individual Carmen Correa · Reported title President & CEO (as of 1/22) · Highest reported compensation $362K · Total expenses $59.0M
0.6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $21.5M · Total expenses $59.0M
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 91%——
Overhead ratio 8%——
Fundraising cost ratio 10%——
Revenue growth 36%——
Investment management fee ratio 0%——
Legal fee ratio 0.6%——
Accounting fee ratio 0.5%——
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 & CEO (as of 1/22)
$361,832Pt VII · Sec A
Former President & CEO
$204,107Pt VII · Sec A
Chief Financial Officer
$181,850Pt VII · Sec A
General Manager
$170,230Pt VII · Sec A
Chief Innovation & Tech. Off.
$164,906Pt VII · Sec A
General Counsel
$157,633Pt VII · Sec A
Dir. of P'Ship & Development
$152,686Pt VII · Sec A
International Controller
$141,632Pt VII · Sec A

Carmen Correa’s $304K as CEO is at the 60th percentile of top reported officer pay among 345 $10–100M 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Maria Cavalcanti——$204,107$433,976$368,799
Carmen Correa—$384,100$361,832$210,000—
Carmen Correa$303,600————
Rolando Schmidt$173,400$199,617$181,850$150,000—
Mauricio Viscarra——$170,230$187,310—
Alexandra Blanco Sejas$179,403————
Maria Liliana Mor Gaviria—$170,028$152,686——
Maria Del Carmen Correa————$168,000

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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Governance & Policies

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

Mission and programs

What it does.

Empowers underserved women in Latin America with financial inclusion, health, and entrepreneurship skills.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $53.5M of program spending, described in the organization's own filed words · FY2022.
01

Financial Services

Since 1990, Pro Mujer has promoted financial inclusion among women who lack access to traditional financial institutions. Services include savings, loans, and insurance, with a focus on new products and knowledge sharing in gender and impact investing.

$50.1Mprogram expense
02

Entrepreneurship and Skilling

Pro Mujer facilitates the empowerment of women through programs that provide opportunities to strengthen skills in financial management, business planning, digital skills, and leadership. Pro Mujer is building a one-stop platform for women's economic empowerment in Latin America, leveraging philanthropic capital, technology, and…

$2.0Mprogram expense
03

Health and Well-Being

Pro Mujer provides access to low-cost, high-quality health services, including preventive health education, cancer screenings, lab tests, ultrasounds and dental care, in neighborhoods where women live and work.

$1.5Mprogram expense

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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 · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 5 grants · $2.7M · 2020–2024
Wasi Social Innovation INCNY · FY2024$675,000
Wasi Social Innovation INCNY · FY2023$350,000
Wasi Social Innovation INCNY · FY2022$1,150,000
Wasi Social Innovation INCNY · FY2021$280,000
Wasi Social Innovation INCNY · FY2020$237,453

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $66.7M$68.8M-11% 990 PDF
FY2023 $75.1M$73.4M+2% 990 PDF
FY2022 Viewing $73.8M$59.0M+36% 990 PDF
FY2021 $54.4M$50.9M+17% 990 PDF
FY2020 $46.5M$46.0M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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