Overview
What is Friends Of The Third World Inc?
Friends of the Third World Inc is a nonprofit organization, primarily based in Fort Wayne, Indiana, with additional locations in Peoria, Illinois, and Sierra Vista, Arizona. Their mission is to alleviate poverty by fostering self-reliance among low-income artisans and farmers through training and technical assistance. They accomplish this by partnering with like-minded organizations and providing marketing assistance to artisans from 50 countries and 10 U.S. states. This includes helping them reach nontraditional markets, such as religious congregations and community-based organizations. Similarly, they assist family farmers in 12 countries, along with Native American food producers in certain U.S. states, in reaching these same nontraditional markets. In addition to their work with artisans and farmers, Friends of the Third World Inc also offers skills training in retail sales, bookkeeping, and computer data entry to unemployed adults in Indiana. Their efforts are supported by dedicated volunteers and partnerships with other non-governmental organizations, following fair trade principles. During the 2021-2022 year, sales were impacted by the COVID-19 pandemic. The organization has a total of 3 employees.
Official website here: www.friendsofthethirdworld.org
Is Friends Of The Third World Inc legitimate?
Friends Of The Third World Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Third World 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: $4,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,093
For more financial information, click here
Official website here: www.friendsofthethirdworld.org
What is the mission statement of Friends Of The Third World Inc?
Friends of the Third World Inc's mission is focused on alleviating poverty by encouraging voluntary action and self-reliance. They achieve this by partnering with like-minded organizations and providing technical assistance to low-income artisans and farmers. This assistance includes marketing support, training, and access to non-traditional markets. The organization also assists family farmers in various countries and Native American food producers in the United States to reach non-traditional markets. Furthermore, they offer skills training in retail sales, bookkeeping, and computer data entry to unemployed adults. Friends of the Third World Inc promotes a cooperative democratic marketplace and employs fair trade principles.
Official website here: www.friendsofthethirdworld.org
Who is the CEO of Friends Of The Third World Inc?
James F Goetsch is the President/Administrative Coordinator of Friends Of The Third World Inc.
Official website here: www.friendsofthethirdworld.org
What is the revenue of Friends Of The Third World Inc?
Friends Of The Third World Inc's revenue in 2022 was $213,650.
Official website here: www.friendsofthethirdworld.org
Who are the executives of Friends Of The Third World Inc and what are their salaries?
The average compensation at Friends Of The Third World Inc during 2022 was $4,631. There are 3 employees and 150 volunteers at Friends Of The Third World Inc.
Here are 12 key members and their salaries:
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Official website here: www.friendsofthethirdworld.org
Where can I find the form 990 for Friends Of The Third World Inc?
Friends Of The Third World Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsofthethirdworld.org
Learn more at the official website: www.friendsofthethirdworld.org
Mission Statement of Friends Of The Third World Inc
Friends of the Third World Inc, as an organization, is committed to encouraging voluntary action to combat poverty. Their mission is twofold: firstly, they aim to alleviate the root causes of poverty by fostering partnerships with like-minded organizations. Secondly, they strive to promote self-reliance among low-income artisans and farmers through training and technical assistance.
In essence, Friends of the Third World Inc seeks to address poverty not just as a symptom, but as a complex issue with underlying causes. They achieve this by collaborating with other organizations that share their vision. Additionally, they empower low-income individuals by providing them with the necessary skills and resources to become self-sufficient. This is achieved through training and technical assistance, enabling artisans and farmers from diverse backgrounds, including 50 countries and 10 U.S. states, to manage their own micro-businesses.
The organization's approach is based on the principles of self-help partnerships and a cooperative democratic marketplace. They believe that by educating and encouraging citizens to take voluntary action against poverty, they can collectively make a significant impact. Through demonstration projects and fair trade principles, they create opportunities for these individuals to reach non-traditional markets, such as religious congregations and community-based organizations. This not only helps to boost their income but also promotes a culture of self-reliance.
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Impact
October, 2024
Friends Of The Third World Inc plays a significant role in alleviating poverty by fostering self-reliance among low-income artisans and farmers through targeted training and technical assistance. By focusing on partnerships with like-minded organizations, the initiative empowers individuals from diverse backgrounds, particularly those who produce handicrafts or food.
Artisans from 50 countries and various states are supported in managing community-based microbusinesses. This includes providing them with vital marketing and management assistance, enabling access to nontraditional markets such as mission festivals and community organizations. In this way, the organization has facilitated over $36,000 in purchases directly benefiting low-income producers.
The impact extends beyond international artisans to include family farmers in 12 countries and Native American food producers across multiple states, helping them reach new markets for their goods. In addition to economic support, Friends Of The Third World Inc actively engages in skills training for unemployed adults in Indiana, enhancing their employability in fields such as retail sales and bookkeeping.
This multifaceted approach, which includes the donation of significant volunteer labor, reinforces community engagement and promotes a cooperative democratic marketplace. Even during challenging times, such as the COVID-19 pandemic when sales dipped, the foundation's commitment to education and voluntary action against poverty remains steadfast, demonstrating resilience and a continued focus on upliftment and empowerment.
This information is meant to be a general summary of Friends Of The Third World 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: $781
- Program Service Revenue: $52,015
- Gross Receipts: $272,127
Assets and Liabilities:
- Total Assets: $613,503
- Total Liabilities: $43,088
- Net Assets: $570,415
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Graphics/Fulfillment Services as Job Training
Revenue
$34,236
Organization Details
Founding Year
1972
Phone
(260) 422-6821Principal Officer
James F Goetsch
Main Address
611 WEST WAYNE STREET, FORT WAYNE, IN, 468022167
NTEE Category
Code: Q300 - International
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