Overview
What is Capital Sisters International Inc?
Capital Sisters International Inc, based in Golden, Colorado, is a nonprofit organization that focuses on alleviating poverty by investing in microfinance institutions. They sell $1,000 zero-interest bonds to fund these organizations, which in turn provide microloans to impoverished women in developing countries. Capital Sisters' mission is to support the microfinance industry, enabling it to lend to women in need, and to offer donors and investors an opportunity to make impactful investments in poverty reduction through microfinance. The organization manages a social investment fund and employs a team of five individuals in its mission to empower women globally.
Official website here: www.capitalsisters.org
Is Capital Sisters International Inc legitimate?
Capital Sisters International Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Capital Sisters International 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: $147,172
For more financial information, click here
Official website here: www.capitalsisters.org
What is the mission statement of Capital Sisters International Inc?
Capital Sisters International Inc's mission is centered around providing assistance to the microfinance industry. They aim to facilitate the lending of microloans to impoverished women in developing countries. By offering grants, loans, and loan guarantees, Capital Sisters International Inc seeks to alleviate poverty. Additionally, the organization provides an opportunity for donors and investors to make targeted investments in this cause, contributing to the growth of the microfinance sector. Their investment program involves raising funds for microfinance organizations and lending these funds, without interest, to institutions that align with their mission and meet their lending criteria.
Official website here: www.capitalsisters.org
Who is the CEO of Capital Sisters International Inc?
Patricia Foley Hinnen is the Board Member of Capital Sisters International Inc.
Official website here: www.capitalsisters.org
What is the revenue of Capital Sisters International Inc?
Capital Sisters International Inc's revenue in 2022 was $371,219.
Official website here: www.capitalsisters.org
Who are the executives of Capital Sisters International Inc and what are their salaries?
The average compensation at Capital Sisters International Inc during 2022 was $29,434. There are 5 employees at Capital Sisters International Inc.
Here are 4 key members and their salaries:
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Official website here: www.capitalsisters.org
Where can I find the form 990 for Capital Sisters International Inc?
Capital Sisters International Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.capitalsisters.org
Learn more at the official website: www.capitalsisters.org
Mission Statement of Capital Sisters International Inc
Capital Sisters International Inc, a nonprofit organization, is committed to providing grants, loans, and loan guarantees to support the microfinance industry. Their mission is to assist this sector in making micro loans to impoverished women in developing countries. By doing so, they offer donors and investors an opportunity to make targeted investments in poverty alleviation through microfinance. This approach allows Capital Sisters International Inc to contribute significantly to empowering women in underdeveloped regions, thereby promoting economic growth and self-sufficiency.
To achieve their mission, Capital Sisters International Inc manages a social investment fund. This fund raises funds for microfinance organizations by selling $1,000 zero-interest bonds. These proceeds, lent with zero interest, are then provided to microfinance institutions whose missions align with that of Capital Sisters International Inc and meet their other lending criteria. This innovative approach allows for the expansion of financial assistance to women in need while providing investors with a socially responsible investment opportunity. By supporting microfinance institutions, Capital Sisters International Inc helps to break the cycle of poverty, enabling women to start or grow small businesses, securing better futures for themselves and their families.
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Impact
October, 2024
Capital Sisters International Inc significantly impacts the microfinance sector by providing crucial financial support to impoverished women in developing countries. Through its investment program, the organization raises funds for microfinance institutions, allowing them to offer zero-interest loans to women entrepreneurs. This approach not only helps alleviate poverty but also empowers women by enabling them to start and grow their businesses.
By managing a social investment fund that sells zero-interest bonds, Capital Sisters channels funds into microfinance organizations aligned with its mission. This strategic funding model fosters sustainable development, as it creates opportunities for women to access the capital they need to improve their livelihoods. The initiative also encourages donors and investors to engage in targeted investments, amplifying the efforts to combat poverty through microfinance solutions.
Overall, Capital Sisters International Inc plays a vital role in transforming the lives of women, fostering economic independence, and contributing to the broader goal of poverty alleviation.
This information is meant to be a general summary of Capital Sisters International 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $998
- Gross Receipts: $371,219
Assets and Liabilities:
- Total Assets: $1,165,168
- Total Liabilities: $742,107
- Net Assets: $423,061
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Organization Details
Founding Year
2001
Phone
(720) 778-1717Principal Officer
Patricia Foley Hinnen
Main Address
601 16TH ST C310, GOLDEN, CO, 80401
Website
www.capitalsisters.orgNTEE Category
Code: T12 - Philanthropy
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