Overview
What is The Microdreams Foundation Inc?
The Microdreams Foundation Inc, situated in Newark, New Jersey, is a dedicated nonprofit organization. Its primary mission is to support small, promising microfinance institutions in the developing world, ensuring their financial stability and self-sufficiency. To achieve this goal, the foundation offers direct investments, bilateral loans, and loan guarantees to highly-rated microfinance institutions. By doing so, it ensures that funds continue to reach entrepreneurs in need, contributing to economic growth and development on a global scale.
Official website here: www.microdreams.org
Is The Microdreams Foundation Inc legitimate?
The Microdreams Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Microdreams Foundation 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.
Here 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
What is the mission statement of The Microdreams Foundation Inc?
The Microdreams Foundation supports the permanence of small, promising microfinance institutions in developing countries by providing direct investments, bilateral loans, and loan guarantees. This ensures that funds continue to reach entrepreneurs in need, thereby promoting financial self-sufficiency for these institutions. The foundation's mission is to aid these microfinance institutions in achieving stability and sustainability, thereby contributing to economic growth and development in these regions. By providing financial assistance, The Microdreams Foundation aims to empower local entrepreneurs and contribute to poverty alleviation and socio-economic progress in the developing world.
Official website here: www.microdreams.org
Who is the CEO of The Microdreams Foundation Inc?
Politimi Kelekis is the President of The Microdreams Foundation Inc. The CEO's salary of The Microdreams Foundation Inc is $0 and their total compensation is $0.
Official website here: www.microdreams.org
What is the revenue of The Microdreams Foundation Inc?
The Microdreams Foundation Inc's revenue in 2022 was $491,604.
Official website here: www.microdreams.org
Who are the executives of The Microdreams Foundation Inc and what are their salaries?
- Gregory Casagrande (President) [Trustee/Director]
- James Young (Trustee)
- F Chapman Taylor (Trustee)
- Michelle Kelly (Trustee)
- William Cisneros (Trustee)
- Kristen O'Grady (Trustee)
- Polly Kelekis (Ceo)
Official website here: www.microdreams.org
Where can I find the form 990 for The Microdreams Foundation Inc?
The The Microdreams Foundation Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.microdreams.org
Learn more at the official website: www.microdreams.org
Mission Statement of The Microdreams Foundation Inc
The Microdreams Foundation, a renowned organization, focuses on supporting small, promising microfinance institutions in the developing world. Its mission is to help these institutions achieve financial self-sufficiency. The Foundation achieves this by providing direct investments, bilateral loans, and loan guarantees to highly-rated small microfinance institutions. This strategic approach ensures that funds continue to reach entrepreneurs in need, thereby fostering sustainable growth and development in these communities. By empowering these microfinance institutions, The Microdreams Foundation plays a crucial role in extending financial opportunities to individuals who might otherwise be excluded from traditional banking systems, thereby contributing to economic empowerment and societal progress in the developing world.
Impact
This information is meant to be a general summary of The Microdreams Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Wednesday, July 24, 2024
The Microdreams Foundation Inc directly impacts entrepreneurs in the developing world by providing direct investments, bilateral loans, and loan guarantees to highly rated small microfinance institutions. This support ensures that funding continues to reach entrepreneurs in need, helping to fuel economic growth and empowerment in underserved communities.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN GUARANTEE INTERES
Revenue
$129,456
FOREIGN CURRENCY GAIN
Revenue
$-3,768
Organization Details
Founding Year
2000
Phone
(973) 230-3678
Principal Officer
Politimi Kelekis
Main Address
60 PARK PLACE SUITE 520, NEWARK, NJ, 07102
Website
www.microdreams.org
NTEE Category
Code: Q32 - International
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