EIN 23-3061896

SosteNica

Name: SosteNica financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

West Chester

State

Pennsylvania

Year formed

2001

Most recent tax filings

2022-12-01

NTEE code, primary

Q30: International Development, Relief Services

Description

SosteNica empowers the people of Nicaragua by administering and promoting a micro-lending program to support sustainable economic development in rural areas. Additionally, SosteNica conducts research strategies for sustainable agriculture in rural Nicaragua, trains local farmers in developed strategies, and researches occupational risk factors of Chronic Kidney Disease among Central American workers affecting its clients. SosteNica is based in West Chester, PA.

Total revenues

$197,587

2022

Total expenses

$318,345

2022

Total assets

$1,043,713

2022

Num. employees

2022

Program areas at SosteNica

Research strategies for sustainable agriculture in rural Nicaragua and train local farmers in strategies developed. Research into occupational risk factors of Chronic Kidney Disease (CKD) among a cohort of Central American workers affecting clients of SosteNica. Program suspended during 2022.

Administer and promote micro-lending program to support sustainable economic development in rural Nicaragua.

Who funds SosteNica

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Trustees of Boston University	2023-06	Research Research	$115,559
AmazonSmile Foundation	2022-12	General Support	$31

Personnel at SosteNica

Name	Title	Compensation	Date of data
Joseph Denicola	Executive Director	$18,720	2023-10-16
Alan Wright	President	$0	2022-12-31
Scott Bihl	Trustee	$0	2022-12-31
Tim Keyes	Board Treasurer / Treasurer / Trustee	$0	2022-12-31
Rachel Lindsay	Secretary / Treasurer	$0	2022-12-31
...and 2 more key personnel

Financials for SosteNica

Revenues	FYE 12/2022	FYE 12/2021	% Change
Total grants, contributions, etc.	$28,828	$59,473	-51.5%
Program services	$0	$0	-
Investment income and dividends	$0	$0	-
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$0	-
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$168,759	$237,483	-28.9%
Total revenues	$197,587	$296,956	-33.5%

Form 990s for SosteNica

Fiscal year ending	Date received by IRS	Form	PDF link
2022-12	2023-10-16	990	View PDF
2021-12	2022-09-12	990	View PDF
2021-12	2022-09-09	990	View PDF
2020-12	2021-11-11	990	View PDF
2019-12	2021-04-01	990	View PDF
...and 9 more Form 990s

Organizations like SosteNica

Organization	Type	Location	Revenue
People Centered Internet	501(c)(3)	Palo Alto, CA	$504,522
Womens Global Empowerment Fund	501(c)(3)	Denver, CO	$185,140
Hope for Our Sisters	501(c)(3)	Wakefield, MA	$212,996
Open Startup International Corporation	501(c)(3)	New York, NY	$699,938
Trust in Education	501(c)(3)	Lafayette, CA	$328,000
Action Africa	501(c)(3)	Washington, DC	$389,996
MT Meru Coffee Project	501(c)(3)	Waukesha, WI	$88,356
Vietnam Health Improvement Project	501(c)(3)	Denver, CO	$296,356
One Heart Global Ministries	501(c)(3)	Concord, NC	$505,698
Bridging Hope	501(c)(3)	Denver, CO	$259,962

Data update history

November 30, 2023

Posted financials

Added Form 990 for fiscal year 2022

August 7, 2023

Posted financials

Added Form 990 for fiscal year 2020

June 27, 2023

Received grants

Identified 1 new grant, including a grant for $215,381 from Trustees of Boston University

May 10, 2023

Received grants

Identified 1 new grant, including a grant for $227,691 from Trustees of Boston University

July 19, 2022

Updated personnel

Identified 6 new personnel

Nonprofit Types

Social advocacy organizationsInternational-focused organizationsCharities

Issues

HealthDiseases and disordersForeign affairsInternational development

Characteristics

Operates internationallyTax deductible donationsNo full-time employeesAccepts online donations

General information

Address: 1019 Ashley Rd; West Chester, PA 19382
Metro area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County: Chester County, PA
Website URL: sostenica.org/
Phone: (203) 441-0717

IRS details

EIN: 23-3061896
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 2001
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: Q30: International Development, Relief Services
NAICS code, primary: 813319: Social Advocacy Organizations
Parent/child status: Independent

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SosteNica

Program areas at SosteNica

Who funds SosteNica

Personnel at SosteNica

Financials for SosteNica

Form 990s for SosteNica

Organizations like SosteNica

Nonprofits

Product

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