Overview
What is Mce Social Capital?
Mce Social Capital is a nonprofit organization situated in San Francisco, California. With a mission to create economic opportunities for underserved communities globally, particularly focusing on women and families, they invest capital in enterprises committed to generating sustainable livelihoods. In 2022, they issued a combined $40.3 million in new loans to 28 financial service providers and small businesses, expanding their total outstanding portfolio of loans to $64.5 million, held by 50 financial service providers and small businesses. These loans support the development of businesses and social enterprises in 32 countries worldwide, demonstrating their significant impact on a global scale. With a team of 19 dedicated individuals, Mce Social Capital continues to contribute to economic growth and empowerment in underprivileged communities.
Official website here: www.mcesocap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
MCE Social Capital has earned an 85% rating from Charity Navigator, reflecting a strong focus on accountability and financial management. The charity's score is primarily derived from its excellent performance in various areas, including a perfect score for its independent board composition and financial oversight, which indicates a solid governance structure.
The organization excels in its program expense ratio and fundraising efficiency, demonstrating prudent financial practices that maximize resources for its mission. With 83.79% of expenses directed towards programs and a fundraising cost of just $0.04 per dollar raised, MCE Social Capital showcases its commitment to effective use of funds.
While the overall rating is commendable, it is important for potential donors to consider the single-source nature of the score, which may not capture all aspects of organizational effectiveness. However, the robust financial policies and oversight mechanisms in place suggest a responsible approach to managing donor contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Mce Social Capital legitimate?
Mce Social Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mce Social Capital 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: $1,072,603
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,052,055
For more financial information, click here
Official website here: www.mcesocap.org
What is the mission statement of Mce Social Capital?
MCE Social Capital's mission is focused on creating economic opportunities for underserved communities, specifically women and families, on a global scale. The organization achieves this by investing capital into enterprises committed to generating sustainable livelihoods. By providing loans to financial service providers and small businesses, MCE Social Capital supports the development of businesses and social enterprises in 32 countries worldwide, thereby contributing to the betterment of lives in the developing world. Since its inception in 2006, MCE has financed loans in 65 countries, demonstrating its long-term commitment to this cause.
Official website here: www.mcesocap.org
Who is the CEO of Mce Social Capital?
Gary Ford is the Chairman Of The Bod of Mce Social Capital. The CEO's salary of Mce Social Capital is $244,730 and their total compensation is $264,084.
Official website here: www.mcesocap.org
What is the revenue of Mce Social Capital?
Mce Social Capital's revenue in 2022 was $11,604,034.
Official website here: www.mcesocap.org
Who are the executives of Mce Social Capital and what are their salaries?
The average compensation at Mce Social Capital during 2022 was $111,824. There are 19 employees and 32 volunteers at Mce Social Capital.
Here are 27 key members and their salaries (Mce Social Capital's CEO's salary is $244,730 and their total compensation is $264,084):
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- Compensation: $244,730
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- Other: $19,354
- Compensation: $159,713
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- Compensation: $80,916
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- Other: $9,332
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- Compensation: $107,399
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- Other: $10,162
Official website here: www.mcesocap.org
Where can I find the form 990 for Mce Social Capital?
Mce Social Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcesocap.org
Learn more at the official website: www.mcesocap.org
Mission Statement of Mce Social Capital
MCE Social Capital, a nonprofit organization, is dedicated to creating economic opportunities for women and families residing in underserved communities globally. Their mission is to invest capital in enterprises that are committed to generating sustainable livelihoods. By providing financing to financial service providers and small businesses, MCE Social Capital aims to foster the growth of businesses and social enterprises in 32 countries worldwide. Since its inception in 2006, the organization has disbursed loans to a total of 114 financial service providers (FSPs) and 32 small and growing businesses (SGBs) in 65 countries, contributing significantly to the development of these communities.
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Impact
October, 2024
MCE Social Capital significantly enhances economic opportunities for women and families in underserved communities across the developing world. In 2022 alone, the organization issued $40.3 million in new loans to 28 financial service providers and small and growing businesses, with a total portfolio of $64.5 million at the end of that year. This financial support impacts 32 countries and facilitates the development of businesses and social enterprises, effectively promoting sustainable livelihoods.
Since its inception in 2006, MCE has financed loans for a substantial number of financial service providers and small businesses, aiding 114 providers and 32 businesses across 65 countries. The capital provided by MCE fosters community improvement and economic growth, enabling enterprises committed to generating sustainable livelihoods. Through its efforts, MCE Social Capital plays a crucial role in empowering communities and driving impactful change in diverse regions worldwide.
This information is meant to be a general summary of Mce Social Capital. 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: $123,405
- Program Service Revenue: $4,517,400
- Gross Receipts: $39,632,352
Assets and Liabilities:
- Total Assets: $77,753,967
- Total Liabilities: $68,848,672
- Net Assets: $8,905,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FINANCIAL SERVICE PROVIDER LOANS
Revenue
$3,704,139
SMALL GROWING BUSINESS LOANS
Revenue
$813,261
Organization Details
Founding Year
2005
Phone
(415) 230-4330Principal Officer
Gary Ford
Main Address
5758 GEARY BLVD 261, SAN FRANCISCO, CA, 94121
Website
www.mcesocap.orgNTEE Category
Code: S43 - Community improvement
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