Overview
What is Visionfund International?
Visionfund International is a nonprofit organization, established to support World Vision International by supplying funds to microfinance institutions (MFIs) in underdeveloped countries. These MFIs, affiliated with World Vision, extend small loans to individuals and groups in need, who lack access to traditional banking facilities and commercially oriented microfinance services. By doing so, Visionfund International aims to help alleviate poverty and generate employment opportunities for the underprivileged. As of September 30, 2022, Visionfund International had loaned a total of $86,561,705 to its MFI partners.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90%, Four-Star out of Four Star rating.
VisionFund International has received a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With a score of 90%, the organization demonstrates robust financial oversight, highlighted by a 70.05% program expense ratio, suggesting that the majority of its expenses are directed towards fulfilling its mission.
The organization showcases a strong governance framework, with 69% of its board members being independent and effective policies in place for conflict of interest and whistleblower protections. The financial statements are well-audited, and there are no reported material diversions of assets, reinforcing trust in its operations.
While the overall performance is impressive, maintaining transparency and continued compliance with best practices will be essential for sustaining stakeholder confidence and support. The high liabilities to assets ratio of 31.34% is worth noting, as it may indicate potential financial strain, although it remains within acceptable limits.
This AI summary has been generated from information found on Charity Navigator.
Is Visionfund International legitimate?
Visionfund International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visionfund International 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: $721,711
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,341,987
For more financial information, click here
What is the mission statement of Visionfund International?
VisionFund International (VFI) serves the purpose of bolstering World Vision International (WVI) by managing and providing financing to microfinance institutions affiliated with World Vision, which are situated in developing countries. These microfinance institutions (MFIs) are primarily dedicated to extending microloans to individuals and communities who are deprived of conventional banking services, with the goal of reducing poverty and generating employment opportunities for the underprivileged. VFI's mission aligns with this objective by facilitating funding and cooperation between WVI and its affiliated MFIs, enabling them to provide essential financial services and contribute to economic growth in developing communities.
Who is the CEO of Visionfund International?
Edgar S Martinez is the CEO of Visionfund International The CEO's salary of Visionfund International is $288,061 and their total compensation is $326,624.
What is the revenue of Visionfund International?
Visionfund International's revenue in 2023 was $34,652,143.
Who are the executives of Visionfund International and what are their salaries?
Here are 25 key members and their salaries (Visionfund International's CEO's salary is $288,061 and their total compensation is $326,624):
- Compensation: $288,061
- Related: $0
- Other: $38,563
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $604,375
- Other: $5,572
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $346,476
- Other: $20,986
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $242,006
- Other: $19,902
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $163,845
- Other: $31,433
- Compensation: $110,974
- Related: $0
- Other: $8,878
- Compensation: $102,288
- Related: $0
- Other: $18,359
- Compensation: $0
- Related: $165,327
- Other: $12,164
- Compensation: $42,039
- Related: $0
- Other: $13,919
- Compensation: $0
- Related: $197,687
- Other: $61,598
- Compensation: $143,311
- Related: $0
- Other: $39,828
- Compensation: $138,348
- Related: $0
- Other: $11,068
- Compensation: $136,668
- Related: $0
- Other: $21,500
- Compensation: $144,964
- Related: $0
- Other: $31,300
- Compensation: $149,149
- Related: $0
- Other: $17,616
Where can I find the form 990 for Visionfund International?
Visionfund International's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Visionfund International
VisionFund International (VFI) is a charitable organization dedicated to collaborating with and financially supporting the microfinance institutions affiliated with World Vision International (WVI), located in developing countries. The primary objective of these microfinance institutions (MFIs) is to extend small loans to individuals and communities who lack access to traditional banking facilities and commercially oriented microfinance services. By providing these financial resources, VFI aims to alleviate poverty and stimulate the creation of employment opportunities for those living in impoverished conditions.
Through its network of MFIs, VisionFund International empowers individuals and groups in developing countries to improve their livelihoods. By offering accessible microfinance services, these institutions enable their clients to invest in small businesses, agriculture, education, and other ventures that can lead to economic stability and self-sufficiency. In doing so, VFI plays a critical role in addressing the root causes of poverty and promoting sustainable, long-term development.
VisionFund International's mission is grounded in the belief that every person deserves the opportunity to break free from the cycle of poverty. By providing financial resources and support to microfinance institutions, VFI enables its clients to build better futures for themselves and their families. With a focus on empowering the poor, VisionFund International is making a difference in the lives of countless individuals around the world.
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Impact
October, 2024
VisionFund International has made a significant impact in developing countries by extending micro-enterprise lending through affiliated microfinance institutions (MFIs). By providing loans to these MFIs, VisionFund International empowers individuals and groups who lack access to traditional banking services, thereby facilitating the creation of small businesses and encouraging entrepreneurial spirit among the underprivileged.
As of September 30, 2022, VisionFund International had directed over $86 million in loans to support these institutions, which play a vital role in alleviating poverty and generating employment opportunities. This strategic focus on microfinance fosters economic growth in communities, enabling families to improve their living conditions, invest in education, and build sustainable livelihoods.
The organization’s efforts align with a broader mission to support World Vision International's initiatives aimed at transforming lives for the better, contributing to holistic community development, and breaking the cycle of poverty. Through its targeted approach to micro-lending, VisionFund International continues to make a meaningful difference in the lives of vulnerable populations around the globe.
This information is meant to be a general summary of Visionfund International. 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 2023.
- Investment Income: $12,654,686
- Program Service Revenue: $3,489,256
- Gross Receipts: $34,652,143
Assets and Liabilities:
- Total Assets: $216,609,007
- Total Liabilities: $67,885,809
- Net Assets: $148,723,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fee income
Revenue
$3,489,256
Program 2
Revenue
$0
Program 3
Revenue
$0
Program 4
Revenue
$0
Program 5
Revenue
$0
Organization Details
Founding Year
2003
Principal Officer
Kai Hutans
NTEE Category
Code: T11 - Philanthropy
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