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The Small-Scale Sustainable Infra- Structure Development Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043582215 ✦ Cambridge, MA ✦ Designated as a 501(c)(3)

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Overview

What is The Small-Scale Sustainable Infra- Structure Development Fund Inc?

The Small-Scale Sustainable Infrastructure Development Fund Inc is a nonprofit organization located in Cambridge, Massachusetts. Their primary mission is to alleviate poverty and promote economic development in developing countries by providing technological business development and financing assistance to various non-governmental organizations. They achieve this by bolstering small-scale enterprises and investing in early-stage businesses in underserved communities. This support aims to improve livelihoods, address gender inequalities, and generate environmental benefits in sectors such as agriculture, waste/sanitation, clean energy, and others. S3IDF collaborates closely with non-governmental and community organizations, utilizing its unique "Social Merchant Bank Approach" to enhance the pro-poor effectiveness of projects and programs implemented by international and local development agencies as well as the impact investing community. The organization has a workforce of 6 employees.


Official website here: www.s3idf.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100%, Four-Star out of Four Stars

The Small-Scale Sustainable Infrastructure Development Fund Inc has achieved a perfect score of 100% from Charity Navigator, reflecting its strong performance in accountability and finance. This exemplary rating suggests that the organization operates with a high level of transparency and is effectively utilizing its resources for its intended mission.

One of the key strengths of this nonprofit is its governance structure, with 66% of its board members being independent, which enhances objectivity and reduces potential conflicts of interest. Additionally, the organization has established robust policies concerning conflict of interest, whistleblower protections, and document retention, further demonstrating its commitment to ethical practices.

While the organization showcases impressive financial health, including an 87.71% program expense ratio, there are no noted limitations or issues, indicating a solid operational framework. Overall, The Small-Scale Sustainable Infrastructure Development Fund Inc exemplifies best practices in nonprofit management and finance.


This AI summary has been generated from information found on Charity Navigator.

Is The Small-Scale Sustainable Infra- Structure Development Fund Inc legitimate?

The Small-Scale Sustainable Infra- Structure Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Small-Scale Sustainable Infra- Structure Development Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $150,907

For more financial information, click here


Official website here: www.s3idf.org

What is the mission statement of The Small-Scale Sustainable Infra- Structure Development Fund Inc?

The Small-Scale Sustainable Infrastructure Development Fund Inc's mission is centered around alleviating poverty and promoting economic development. They achieve this by strengthening small-scale enterprises and investing in high-impact early-stage businesses in underserved communities. Through financing and technical and business assistance, they aim to improve opportunities for low-income workers, address gender inequities, and generate environmental benefits in sectors such as agriculture, waste/sanitation, and clean energy, among others. To disseminate and implement its work, S3IDF collaborates closely with non-governmental community and non-profit organizations. They also share their trademarked "Social Merchant Bank Approach" to improve the pro-poor effectiveness of projects and programs implemented by international and local development agencies, as well as the impact investing community.


Official website here: www.s3idf.org

Who is the CEO of The Small-Scale Sustainable Infra- Structure Development Fund Inc?

Michael Lesser is the Clerk of The Small-Scale Sustainable Infra- Structure Development Fund Inc.


Official website here: www.s3idf.org

What is the revenue of The Small-Scale Sustainable Infra- Structure Development Fund Inc?

The Small-Scale Sustainable Infra- Structure Development Fund Inc's revenue in 2022 was $1,152,196.


Official website here: www.s3idf.org

Who are the executives of The Small-Scale Sustainable Infra- Structure Development Fund Inc and what are their salaries?

The average compensation at The Small-Scale Sustainable Infra- Structure Development Fund Inc during 2022 was $25,151. There are 6 employees at The Small-Scale Sustainable Infra- Structure Development Fund Inc.


Here are 6 key members and their salaries:


Robin Brenner (Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Somak Ghosh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lesser (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marco Palmieri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Sklar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell J Delucia (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.s3idf.org

Where can I find the form 990 for The Small-Scale Sustainable Infra- Structure Development Fund Inc?

The Small-Scale Sustainable Infra- Structure Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.s3idf.org

Learn more at the official website: www.s3idf.org

Mission Statement of The Small-Scale Sustainable Infra- Structure Development Fund Inc

The Small-Scale Sustainable Infrastructure Development Fund Inc is committed to alleviating poverty and fostering economic development in underserved communities. To achieve this goal, the organization strengthens small-scale enterprises and invests in high-impact early-stage businesses. By providing financing and technical as well as business assistance, S3IDF aims to improve opportunities for low-income workers and address gender inequities. Additionally, the organization generates environmental benefits in various sectors such as agriculture, waste/sanitation, clean energy, and others.

In order to disseminate and implement its work effectively, S3IDF collaborates closely with non-governmental community and non-profit organizations. Furthermore, it shares its trademarked "Social Merchant Bank Approach" to improve the pro-poor effectiveness of projects and programs implemented by international and local development agencies as well as the impact investing community. This approach allows S3IDF to contribute significantly to the improvement of livelihoods and living standards in the communities it serves.

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Impact




July, 2024

The Small-Scale Sustainable Infra-Structure Development Fund Inc's impact lies in achieving poverty alleviation and economic development by strengthening small-scale enterprises and investing in high-impact early-stage businesses. Through financing and technical and business assistance, they work to improve opportunities for low-income workers, address gender inequities, and generate environmental benefits in sectors like agriculture, waste/sanitation, and clean energy. Their collaboration with non-governmental community and nonprofit organizations helps disseminate and implement their work effectively, sharing their trademarked "Social Merchant Bank Approach" to enhance the effectiveness of projects and programs.




This information is meant to be a general summary of The Small-Scale Sustainable Infra- Structure Development Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,152,196 (2022)
Expenses
$413,015 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,266
  • Gross Receipts: $1,152,196

Assets and Liabilities:

  • Total Assets: $1,618,867
  • Total Liabilities: $13,599
  • Net Assets: $1,605,268

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Organization Details

Founding Year

2001

Principal Officer

Michael Lesser

Main Address

5 HASTINGS SQUARE, CAMBRIDGE, MA, 02139

NTEE Category

Code: Q33 - International

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