Overview
What is Sostenica Inc?
Sostenica Inc, based in West Chester, Pennsylvania, is a dedicated nonprofit organization that focuses on uplifting the lives of people in Nicaragua. They strive to foster financial security and promote health through various means. Their primary initiatives involve providing microcredit and technical assistance to low-income smallholder farmers, aiming to empower them to adopt sustainable agriculture practices. Additionally, Sostenica extends its reach to school children, offering educational outreach programs. In an effort to improve public health, they conduct research into the occupational risk factors of Chronic Kidney Disease (CKD) affecting Central American workers. Despite a temporary suspension in 2022, Sostenica remains committed to its mission of bettering the communities in Nicaragua.
Official website here: www.sostenica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating
Sostenica Inc has received an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization excels in independent board governance and has demonstrated effective financial practices, with a program expense ratio of 95%. However, it faces challenges with its liabilities to assets ratio, which may raise concerns about its financial stability moving forward.
User reviews present a mixed perspective on the organization's impact. Many volunteers and supporters praise Sostenica for its dedication to sustainable development, including initiatives like building eco-friendly stoves and providing micro-loans to local entrepreneurs. Positive accounts highlight the organization's effective community engagement and the tangible benefits experienced by those it serves, particularly in ecological and educational projects.
Conversely, some feedback raises issues regarding the leadership and management style, with claims of unethical practices from a former consultant. This criticism suggests potential issues with transparency and governance within the organization, contrasting sharply with the positive experiences shared by volunteers and board members. Overall, while Sostenica Inc appears to contribute significantly to community development in Nicaragua, it is advisable for potential donors to consider both the positive testimonials and the criticisms before making contributions.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Sostenica Inc legitimate?
Sostenica Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sostenica 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: $20,012
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sostenica.org
What is the mission statement of Sostenica Inc?
Sostenica Inc's mission is to empower the people of Nicaragua by enabling them to attain financial stability and lead healthy lives in thriving, sustainable communities. This is achieved through the provision of microcredit, technical assistance, and outreach to low-income farmers and school children in the region. By doing so, Sostenica Inc aims to foster vibrant communities and improve the overall livelihoods of its beneficiaries. Additionally, the organization conducts research into sustainable agriculture practices in rural Nicaragua and educates local farmers on these methods. Furthermore, Sostenica Inc is engaged in a study exploring occupational risk factors associated with Chronic Kidney Disease (CKD) among a group of Central American workers affecting their clientele. However, this research was temporarily halted during 2022.
Official website here: www.sostenica.org
Who is the CEO of Sostenica Inc?
Joseph Denicola is the Executive Director of Sostenica Inc.
Official website here: www.sostenica.org
What is the revenue of Sostenica Inc?
Sostenica Inc's revenue in 2022 was $197,587.
Official website here: www.sostenica.org
Who are the executives of Sostenica Inc and what are their salaries?
The average compensation at Sostenica Inc during 2022 was $20,012. There is 1 employee at Sostenica Inc.
Here are 9 key members and their salaries:
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Official website here: www.sostenica.org
Where can I find the form 990 for Sostenica Inc?
Sostenica Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sostenica.org
Learn more at the official website: www.sostenica.org
Mission Statement of Sostenica Inc
Sostenica Inc, a nonprofit organization, aims to empower the people of Nicaragua by enabling them to attain financial security and live healthily within thriving, sustainable communities. This is achieved through three primary methods: microcredit, technical assistance, and outreach to low-income smallholder farmers and school children. By offering these services, Sostenica Inc strives to uplift the community, fostering an environment where individuals can lead fulfilling lives.
In terms of agriculture, Sostenica Inc conducts research to develop sustainable farming strategies tailored to the unique needs of rural Nicaraguan communities. They then provide training to local farmers, helping them implement these strategies and improve their livelihoods. Beyond agriculture, Sostenica Inc also focuses on addressing health concerns, particularly Chronic Kidney Disease (CKD), which affects a significant number of the organization's clients. They conduct research to identify occupational risk factors associated with CKD in Central American workers, aiming to mitigate these risks and improve overall health outcomes.
In summary, Sostenica Inc serves as a catalyst for positive change in Nicaragua. By empowering individuals through financial support, technical assistance, and education, the organization seeks to build vibrant, sustainable communities where people can live healthy, fulfilling lives. Their commitment to research and outreach ensures that their strategies are tailored to the specific needs of the population, making a tangible impact on the lives of those they serve.
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Impact
October, 2024
Sostenica Inc plays a significant role in enhancing the livelihoods and well-being of individuals in Nicaragua. By empowering local communities through access to microcredit, the organization facilitates financial security, allowing individuals to invest in their futures and improve their economic circumstances. Additionally, Sostenica's commitment to providing technical assistance and outreach specifically targets low-income smallholder farmers and school children, supporting sustainable agriculture practices and educational development.
The organization conducts research on sustainable agricultural strategies in rural Nicaragua, ensuring that local farmers are equipped with effective farming techniques. This approach not only boosts agricultural productivity but also fosters resilience against environmental challenges. Furthermore, Sostenica addresses critical health issues, such as investigating occupational risk factors associated with Chronic Kidney Disease (CKD), which poses a significant threat to the health of workers in the region.
Through its multifaceted initiatives, Sostenica contributes to building vibrant, sustainable communities, fostering economic independence, and promoting healthy living conditions. The organization’s efforts underline the importance of integrated support systems that combine financial, educational, and health-related interventions to uplift underserved populations in Nicaragua.
This information is meant to be a general summary of Sostenica 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.
- Gross Receipts: $197,587
Assets and Liabilities:
- Total Assets: $1,043,713
- Total Liabilities: $1,574,170
- Net Assets: -$530,457
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Organization Details
Founding Year
2001
Phone
(203) 441-0717Principal Officer
Joseph Denicola
Main Address
1019 Ashley Road, West Chester, PA, 19382
Website
www.sostenica.orgNTEE Category
Code: Q320 - International
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