EIN 73-1502797

Grameen Foundation

IRS 501(c) type
501(c)(3)
Num. employees
27
Year formed
1996
Most recent tax filings
2023-06-01
Description
Grameen Foundation helps the world’s poorest, especially women, improve their lives and escape poverty by providing them with access to appropriate financial services, life-changing information and unique income-generating opportunities.
Also known as...
Grameen Foundation USA
Total revenues
$10,394,919
2023
Total expenses
$11,427,082
2023
Total assets
$8,807,405
2023
Num. employees
27
2023

Program areas at Grameen Foundation

Financial services: in fy23, Grameen Foundation USA (Grameen) led 20 digital financial services projects. We onboarded over 2,000 new community agents, individuals who provide critical financial inclusion and health services. On average, agents reach 240 clients in remote areas of the world and by supporting clients with access to financial services they increase their income by 20-70%.in fy23, Grameen concluded women and girls empowered (wage) programming around the world. During the project's six-year tenure, Grameen (as a lead for women economic empowerment (wee) initiatives under wage) led or supported six initiatives across seven countries, ghana, eswatini, honduras, el salvador, myanmar, sri lanka, and timor-leste. Grameen worked in collaboration with the wage consortium to build the capacity of local civil society organizations (csos), private sector organizations (psos) and other stakeholders, including community women leaders, and women entrepreneurs and their partners, to strengthen their work to advance wee while preventing and responding to gender-based violence (gbv), including gbv as an unintended negative consequence of wee initiatives. By project completion, Grameen had provided a range of technical assistance (ta) in the form of research, gender and gbv awareness workshops and action plans, the design of client-facing curriculum on a variety of topics from resilience to digital literacy, increased access to microenterprise credit, the establishment of female digital financial services agent businesses, and supported the development of communities of practice to advance integrated programming in wee and gbv. In total Grameen engaged 36 local partners, 23 were csos and 13 were psos which allowed partners to improve their services to 640,064 women and girls.they have also been trained on gender-based violence mitigation resources, and together we're addressing harmful cultural practices that result in gender-based violence.
Health & agricultural solutions: in fy23, Grameen Foundation USA (Grameen) continued its work to help smallholder farmers reduce their vulnerability to shocks such as climate change, extreme weather events, crop disease, pests, and market vulnerability with 16 projects primarily focused on agriculture.agripath: Grameen promotes climate-smart agricultural practices including inter-cropping, water and irrigation management as well as resilience planning. Although agripath launched in fy21, it is a 5-year project and in fy23 the project launched a human-centered design process for a digital application aimed at bringing sustainable land management practices to more than 50,000 smallholder men and women farmers, spanning 5 countries. Barry callebaut: in the philippines, we continued to work with 10 farmer cooperatives, supporting them to generate a sustainable supply of coconut oil, and improve the livelihoods of over 8,000 smallholder farmers. We also built out a traceability system to track the volume of copra (dried coconut meat) being sold to partner oil mills, enabling cooperatives and their farmer members to be more aware of the volume being traded, and the quality of their volume, and identifying ways to increase and improve both.in india, Grameen is working with 56 farmer producer organizations (fpos) across two states, reaching over 40,000 smallholder farmers. The project aims to strengthen the fpos' business revenue, enable greater women smallholder farmer participation, and connect fpos and smallholder farmers with appropriate climate smart technologies and financial products.
Strengthening organizations: Grameen Foundation USA (Grameen) builds up the international development ecosystems that support millions of women and girls as they work their way out of poverty. We focus on equipping local organizations, stakeholders, and financial providers with accessible technology and gender equity training to help them service marginalized families at the last mile. We do this through programmatic work as well as through our wholly owned subsidiary, taroworks, which provides an offline mobile app builder allowing nonprofits and social enterprises to make data-driven decisions, and empower frontline agents with information capital. In sri lanka, we worked with 16 women's entrepreneur groups, called will clubs, to help them access loans, provide credit, found microbusinesses, and connect with local politicians and businesses. In fy 23, through our bankers without borders program, we mobilized the time and talent of our volunteers to contribute 5,487 hours worth $558,872.36 in in-kind services to farming cooperatives and small businesses around the world.
Regional programs: Grameen Foundation USA (with freedom from hunger as a supporting organization) serves poor communities in asia, latin america, and sub-saharan africa. In india, we work through our wholly owned subsidiary, Grameen Foundation india private limited. In addition, we are partners in a joint venture, Grameen capital india. In fy23, we had active projects in burkina faso, el salvador, eswatini, ghana, guatemala, honduras, india, marshall islands, nauru, nepal, Palau, philippines, senegal, sri lanka, tanzania, timor leste, tuvalu, and uganda.
Public education: in fy23, Grameen Foundation USA raised public awareness about successful poverty efforts through in person events, webinars, blogs, social media posts, and print and email publications, plus speaking engagements by our ceo.

Who funds Grameen Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Bar Association Fund for Justice and EducationGrant Support$809,464
Bill & Melinda Gates FoundationFinancial Services for the Poor$590,356
Partners of the AmericasFarmer To Farmer Support Grant$318,190
...and 51 more grants received totalling $2,806,750

Personnel at Grameen Foundation

NameTitleCompensation
Brent ChismInterim Chief Executive Officer / Executive Vice President , Programs / Taroworks Chief Executive Officer$247,942
Zubaida BaiPresident and Chief Executive Officer$69,076
Elaine ChangTaroworks Chief Operating Officer$144,042
Herminia Rubio GutierrezActing Chief Financial Officer$157,177
Amelia KuklewiczExecutive Vice President Programs$114,881
...and 31 more key personnel

Financials for Grameen Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$9,385,238
Program services$979,838
Investment income and dividends$66,558
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-49,277
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,562
Total revenues$10,394,919

Form 990s for Grameen Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-12990View PDF
2021-062022-05-12990View PDF
2020-062021-05-26990View PDF
2019-062021-01-27990View PDF
...and 11 more Form 990s
Data update history
August 25, 2024
Received grants
Identified 10 new grant, including a grant for $238,000 from Freedom from Hunger
July 15, 2024
Updated personnel
Identified 7 new personnel
July 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Used new vendors
Identified 1 new vendor, including
May 18, 2024
Received grants
Identified 18 new grant, including a grant for $809,464 from American Bar Association Fund for Justice and Education
Nonprofit Types
Grantmaking organizationsInternational-focused organizationsHeadquarter / parent organizationsCharities
Issues
Foreign affairsInternational development
Characteristics
LobbyingOperates internationallyNational levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
1400 K St NW 1255
Washington, DC 20005
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Website URL
grameenfoundation.org/ 
Phone
(202) 628-3560
Facebook page
StopPovertyNow 
Twitter profile
@grameenfdn 
IRS details
EIN
73-1502797
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1996
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q30: International Development, Relief Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Central organization
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
115219
FTB Entity ID
2887085
AB 488 data last updated ("as-of") date
2024-10-16
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