Overview
What is Codespa America?
Codespa America is a dedicated nonprofit organization headquartered in Washington, D.C., with a focus on uplifting communities in Huaral. Their mission is to promote entrepreneurship, employment, and financial opportunities, aiming to elevate individuals from poverty to prosperity. In the first phase of their project, they provided technical assistance and support to local community members, particularly indigenous groups, to start or enhance businesses. This included initiatives such as promoting entrepreneurship among women and young adults, establishing community credit and savings groups, and offering professional training and job placement opportunities. Moving into phase 2, their objective is to strengthen existing saving and credit groups, foster the creation of 100 innovative enterprises, and enhance the viability of 300 existing ones. Additionally, they plan to establish a social enterprise for the commercialization of local products and reinforce their online sales platform. Their mission stretches beyond Latin America, Africa, and Asia, aiming to elevate 10 million people from poverty to prosperity through their community-led, scalable approach to rural market development and entrepreneurial empowerment.
Official website here: www.codespa-america.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Codespa America demonstrates a strong commitment to accountability and financial transparency, as indicated by its impressive 96% score from Charity Navigator. The organization has achieved a Four-Star rating, which highlights its effectiveness in managing resources and maintaining a high standard of oversight. With 100% of its board members being independent, Codespa America shows a robust governance structure that prioritizes integrity and impartiality.
The fiscal health of Codespa America is commendable, with a program expense ratio of 80.01%, indicating that a significant portion of its funds directly supports its programs and mission. The organization also scores highly in various financial metrics, including a low liabilities to assets ratio of 8.42%, reflecting a solid financial foundation. Additionally, it has established comprehensive policies regarding conflict of interest, whistleblowing, and document retention, which further enhance its accountability framework.
While the data reflects strong performance in financial management and governance, ongoing transparency in operations will be essential for maintaining trust and support from stakeholders. Overall, Codespa America stands out as a well-managed nonprofit that adheres to high standards of accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Codespa America legitimate?
Codespa America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Codespa America 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: $108,357
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.codespa-america.org
What is the mission statement of Codespa America?
Codespa America is on a mission to uplift 10 million individuals from poverty to prosperity in underserved regions globally, primarily focusing on Latin America, Africa, and Asia. They achieve this goal through a community-led, scalable approach to rural market development, empowering entrepreneurs by providing them with access to knowledge, markets, and financial services. The organization promotes entrepreneurship, employment, and community savings and credit groups to create economic and capital opportunities for families. In Phase 2 of their project in Huaral, Peru, they aim to strengthen 15 savings and credit groups, fostering the creation of 100 innovative enterprises and enhancing the viability of 300 existing ones. They also plan to establish a social enterprise for the formal commercialization of products from these entrepreneurs and reinforce the online sales platform "Huaral Emprende." The ultimate objective is to transform these groups into engines for new enterprises, diversifying economic sectors and creating job opportunities beyond Huaral.
Official website here: www.codespa-america.org
Who is the CEO of Codespa America?
Michelle Hnizda is the Chairman of Codespa America.
Official website here: www.codespa-america.org
What is the revenue of Codespa America?
Codespa America's revenue in 2022 was $1,268,760.
Official website here: www.codespa-america.org
Who are the executives of Codespa America and what are their salaries?
The average compensation at Codespa America during 2022 was $108,357. There is 1 employee and 12 volunteers at Codespa America.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $100,000
- Related: $0
- Other: $8,357
Official website here: www.codespa-america.org
Where can I find the form 990 for Codespa America?
Codespa America's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.codespa-america.org
Learn more at the official website: www.codespa-america.org
Mission Statement of Codespa America
Codespa America is a nonprofit organization with a mission to elevate people from poverty to prosperity in the most underserved regions of Latin America, Africa, and Asia. Their approach is community-led and scalable, focusing on rural market development and empowering entrepreneurs by providing them with access to knowledge, markets, and financial services. The organization's primary goal is to lift 10 million individuals out of poverty, and they have already started making strides in this direction.
In a specific initiative in Huaral, Peru, Codespa America provided technical assistance and support to community members looking to start or enhance businesses, with a focus on indigenous groups. Key components of this project included promoting entrepreneurship among women and young adults, creating community credit and savings groups, and offering professional training and job placement opportunities. The aim was to financially empower these communities, and the initial phase was successful in doing so.
As Codespa America moves into the next phase of their project, their objectives are clear. They aim to strengthen 15 savings and credit groups, accelerate the creation of 100 innovative enterprises, and enhance the viability of 300 existing ones. Additionally, they plan to establish a social enterprise for the formal commercialization of products from these entrepreneurs and reinforce the online sales platform "Huaral Emprende." The ultimate goal is to transform these groups into engines for new enterprises, diversify economic sectors, and create job opportunities beyond Huaral.
Codespa America also plans to establish a sustainable business structure to link local products and services with buyers, emphasizing digitalization. This will ensure the project's long-term success and make a lasting impact, even after their intervention concludes. In essence, Codespa America is committed to uplifting communities and individuals by fostering entrepreneurship, employment, and financial independence.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Codespa America's impact is evident in its efforts to elevate people from poverty to prosperity in the most underserved regions of the world. By promoting entrepreneurship, employment, community savings, and credit groups, they are providing economic and capital opportunities to families in Huaral. In the first phase of their project, Codespa America provided technical assistance and support to community members, particularly focusing on indigenous groups, to start or enhance businesses.
Moving into the second phase, Codespa America aims to strengthen savings and credit groups to accelerate the creation of innovative enterprises and enhance the viability of existing ones. They also plan to establish a social enterprise for the formal commercialization of products from these entrepreneurs and reinforce the online sales platform "Huaral Emprende." By empowering these communities financially and transforming them into engines for new enterprises, Codespa America is diversifying economic sectors and creating job opportunities within Huaral and beyond.
Furthermore, Codespa America intends to establish a sustainable business structure to connect local products and services with buyers, emphasizing digitalization and enhancing their online platform for long-term success. Through their mission to elevate 10 million people from poverty to prosperity in underserved regions, Codespa America is making a lasting impact that will continue even after their intervention concludes.
This information is meant to be a general summary of Codespa America. 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: $415
- Gross Receipts: $1,268,760
Assets and Liabilities:
- Total Assets: $745,150
- Total Liabilities: $62,807
- Net Assets: $682,343
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2011
Phone
(202) 644-9278Principal Officer
Michelle Hnizda
Main Address
1050 CONNECTICUT AVE - UNIT 66235, WASHINGTON, DC, 20035
Website
www.codespa-america.orgNTEE Category
Code: Q33 - International
If you are a representative of Codespa America and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.