Overview
What is Grameen America Inc?
Grameen America Inc is a dedicated nonprofit organization based in the United States that empowers women living in poverty by providing them with microloans, essential training, and ongoing support. This enabling them to establish and grow small businesses, ultimately leading to improved living conditions for their families. The mission of Grameen America is to uplift and transform the lives of these women through entrepreneurship and financial independence.
Official website here: www.grameenamerica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Stars
Grameen America Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's Accountability & Finance score of 100 indicates excellent oversight and transparency practices, including a fully independent board and robust financial management. Their commitment to ethical standards is evident in their comprehensive policies and practices, ensuring no material diversion of assets.
In terms of culture and community, Grameen America Inc has received a high score of 91%. Feedback collection and usage from constituents are noted to be exemplary, with perfect scores in these areas. This demonstrates the organization’s dedication to understanding and responding to the needs of those it serves, positioning it as a responsive and responsible nonprofit.
Despite the positive ratings, the organization has not yet been evaluated for Leadership & Adaptability, which could provide further insights into its overall effectiveness and resilience. However, the current scores highlight Grameen America Inc as a well-managed and community-focused organization, making a significant impact in its field.
This AI summary has been generated from information found on Charity Navigator.
Is Grameen America Inc legitimate?
Grameen America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grameen America 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: $1,533,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,389,482
For more financial information, click here
Official website here: www.grameenamerica.org
What is the mission statement of Grameen America Inc?
Grameen America is committed to empowering low-income entrepreneurial women in the US. Their mission is to offer microloans, training, and ongoing support to help these women establish small businesses, which in turn, enables them to improve their family's lives. Through this initiative, Grameen America aims to create sustainable opportunities for women living in poverty, providing them with the means to build a better future. The organization's programs equip these women with the necessary skills and resources to develop and grow their businesses, ensuring they have the tools to succeed financially and personally.
Official website here: www.grameenamerica.org
Who is the CEO of Grameen America Inc?
Andrea Jung is the President & Ceo of Grameen America Inc. The CEO's salary of Grameen America Inc is $463,879 and their total compensation is $478,356.
Official website here: www.grameenamerica.org
What is the revenue of Grameen America Inc?
Grameen America Inc's revenue in 2022 was $46,396,843.
Official website here: www.grameenamerica.org
Who are the executives of Grameen America Inc and what are their salaries?
The average compensation at Grameen America Inc during 2022 was $43,644. There are 319 employees and 12 volunteers at Grameen America Inc.
Here are 24 key members and their salaries (Grameen America Inc's CEO's salary is $463,879 and their total compensation is $478,356):
- Compensation: $463,879
- Related: $0
- Other: $14,477
- Compensation: $425,076
- Related: $0
- Other: $18,088
- Compensation: $263,832
- Related: $0
- Other: $26,948
- Compensation: $255,918
- Related: $0
- Other: $4,227
- Compensation: $208,209
- Related: $0
- Other: $33,797
- Compensation: $217,772
- Related: $0
- Other: $18,477
- Compensation: $203,115
- Related: $0
- Other: $21,367
- Compensation: $198,602
- Related: $0
- Other: $16,233
- Compensation: $182,451
- Related: $0
- Other: $13,774
- Compensation: $181,841
- Related: $0
- Other: $9,002
- Compensation: $0
- Related: $0
- Other: $8,105
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.grameenamerica.org
Where can I find the form 990 for Grameen America Inc?
Grameen America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.grameenamerica.org
Learn more at the official website: www.grameenamerica.org
Mission Statement of Grameen America Inc
Grameen America, a dedicated organization, is committed to uplifting low-income entrepreneurial women in the United States. With a mission to provide microloans, training, and support, Grameen America empowers women living in poverty to establish small businesses and enhance their family's livelihoods.
By extending access to essential financial resources and practical training, Grameen America enables women to overcome economic challenges and pave the way for a better future. Through its innovative approach, the organization fosters a culture of self-reliance and fosters financial stability for those it serves.
Grameen America's holistic programs go beyond just offering loans, as it recognizes the importance of providing continuous support to its members. With a strong commitment to community development, the organization ensures that the women it serves have the tools and resources needed to build thriving businesses and improve their overall well-being.
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Impact
August, 2024
Grameen America Inc is dedicated to helping low-income entrepreneurial women in the US by providing microloans, training, and support to build small businesses for creating better lives for their families. Through its efforts, Grameen America has a significant impact on empowering women to become self-sufficient entrepreneurs, lifting themselves and their families out of poverty. This organization plays a crucial role in community improvement by promoting economic self-sufficiency and empowerment among low-income women through financial inclusion and business development opportunities.
This information is meant to be a general summary of Grameen America 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: $242,751
- Program Service Revenue: $29,834,476
- Gross Receipts: $46,427,113
Assets and Liabilities:
- Total Assets: $278,769,129
- Total Liabilities: $128,932,655
- Net Assets: $149,836,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON MICROLOANS
Revenue
$29,834,476
Organization Details
Founding Year
2007
Phone
(718) 704-0424Principal Officer
Andrea Jung
Main Address
82-11 37TH AVENUE 607, JACKSON HEIGHTS, NY, 11372
Website
www.grameenamerica.orgNTEE Category
Code: S31 - Community improvement
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