Overview
What is Iringa Hope?
Iringa Hope is a nonprofit organization based in Saint Paul, Minnesota, with a specific focus on uplifting the economic conditions and improving the living standards of families in Tanzania, Africa. They operate through a joint SACCOS, a micro-finance bank that supports a network of village SACCOS Savings and Credit Cooperative Societies in Tanzania, thereby increasing the availability of loans for their members. The interest earned from these loans funds the operating costs of the Iringa Hope MFI Institute Limited and contributes to the establishment of village agricultural cooperatives. The nonprofit's mission is to bolster the economic prosperity of families in Tanzania by funding a micro-finance lending organization and supporting village agricultural cooperatives, while also providing relevant training and assistance through the Iringa Hope MFI Institute Limited.
Official website here: www.iringahope.org
Is Iringa Hope legitimate?
Iringa Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iringa Hope 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.iringahope.org
What is the mission statement of Iringa Hope?
Iringa Hope's mission is to enhance the economic prosperity of families in Tanzania by establishing and sustaining village micro-finance funds. This organization provides financial support to a micro-finance lending organization, thereby making additional funds accessible to the village funds. Furthermore, Iringa Hope supports the establishment of village agricultural cooperatives and provides training and assistance through the Iringa Hope MFI Institute Limited (IHMFI). The primary goal of Iringa Hope is to improve the living conditions of families in Tanzania by fostering economic growth and development through these initiatives.
Official website here: www.iringahope.org
Who is the CEO of Iringa Hope?
Norm Siekman is the President of Iringa Hope.
Official website here: www.iringahope.org
What is the revenue of Iringa Hope?
Iringa Hope's revenue in 2022 was $101,360.
Official website here: www.iringahope.org
Who are the executives of Iringa Hope and what are their salaries?
There 8 volunteers at Iringa Hope.
Here are 6 key members and their salaries:
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Official website here: www.iringahope.org
Where can I find the form 990 for Iringa Hope?
Iringa Hope's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iringahope.org
Learn more at the official website: www.iringahope.org
Mission Statement of Iringa Hope
Iringa Hope, a nonprofit organization, aims to enhance the economic standing and living conditions of families in Tanzania, Africa. To achieve this, the organization establishes and supports village micro-finance funds. These funds act as a lending source, making additional capital available to village savings groups. By doing so, Iringa Hope seeks to empower local communities financially.
Additionally, Iringa Hope is instrumental in establishing village agricultural cooperatives. These cooperatives provide a platform for farmers to pool resources, share knowledge, and collectively engage in farming activities. The organization's support extends to the Iringa Hope MFI Institute Limited (IHMFI), an entity that offers related training and assistance. By equipping the community with necessary skills and resources, Iringa Hope strives to foster sustainable economic growth in Tanzania.
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Impact
October, 2024
Iringa Hope significantly enhances the local economy and living conditions for families in Tanzania by establishing a robust support system through village micro-finance funds and agricultural cooperatives. The organization operates the Iringa Hope Joint SACCOS, which functions like a micro-finance bank for its 38 registered village Savings and Credit Cooperative Societies (SACCOS) under Tanzanian law.
By providing annual loans to augment the village SACCOS capital, Iringa Hope empowers these cooperatives to extend more loans to their members, fostering entrepreneurship and financial independence. The interest generated from these loans not only sustains the cooperative’s operations but also supports the Iringa Hope MFI Institute Limited, which provides training and additional resources for effective management of funds and agricultural practices.
This initiative not only strengthens the financial stability of individual families but also cultivates a collaborative spirit within the community, enabling members to invest in agricultural cooperatives. By focusing on micro-finance and agricultural development, Iringa Hope is pivotal in improving food security and economic resilience among families in Tanzania.
This information is meant to be a general summary of Iringa Hope. 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: $540
- Program Service Revenue: $5,000
- Gross Receipts: $102,400
Assets and Liabilities:
- Total Assets: $105,906
- Total Liabilities: $0
- Net Assets: $105,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consulting
Revenue
$5,000
Organization Details
Founding Year
2010
Phone
(651) 235-8893Principal Officer
Norm Siekman
Main Address
PO BOX 21055, SAINT PAUL, MN, 551210055
Website
www.iringahope.orgNTEE Category
Code: K122 - Food
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