Overview
What is International Microfinance Organization Network-Imon?
International Microfinance Organization Network-Imon (IMON) is a nonprofit organization situated in Washington, D.C., specifically at 1101 Connecticut Ave NW Ste 450. Their primary mission is to combat global poverty by offering financial inclusion and educational services to individuals and small businesses, both in the United States and internationally. IMON achieves this goal by conducting microfinance workshops and providing micro-loans, ranging from $100 to $1500, for credit-approved individuals and small businesses, primarily in the San Diego and D.C. areas. This assistance aims to help underprivileged individuals and businesses gain self-sufficiency and enhance their overall quality of life.
Official website here: www.imon-foundation.org
Is International Microfinance Organization Network-Imon legitimate?
International Microfinance Organization Network-Imon is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Microfinance Organization Network-Imon 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: $82,465
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.imon-foundation.org
What is the mission statement of International Microfinance Organization Network-Imon?
The International Microfinance Organization Network-Imon's mission is centered around ending global poverty. They achieve this by promoting financial inclusion, providing access to education, and offering capacity building programs to individuals and small businesses, not just in the United States, but worldwide. The organization's goal is to help these individuals and businesses become self-sufficient and improve their quality of life. To accomplish this, I.M.O.N. conducts microfinance education, enabling participants to start or improve their small businesses.
Official website here: www.imon-foundation.org
Who is the CEO of International Microfinance Organization Network-Imon?
Joseph A Hayat is the Board Member, Ceo of International Microfinance Organization Network-Imon. The CEO's salary of International Microfinance Organization Network-Imon is $34,000 and their total compensation is $34,000.
Official website here: www.imon-foundation.org
What is the revenue of International Microfinance Organization Network-Imon?
International Microfinance Organization Network-Imon's revenue in 2020 was $194,600.
Official website here: www.imon-foundation.org
Who are the executives of International Microfinance Organization Network-Imon and what are their salaries?
There 22 volunteers at International Microfinance Organization Network-Imon.
Here are 7 key members and their salaries (International Microfinance Organization Network-Imon's CEO's salary is $34,000 and their total compensation is $34,000):
- Compensation: $34,000
- Related: $0
- Other: $0
- Compensation: $16,711
- Related: $0
- Other: $0
- Compensation: $16,254
- Related: $0
- Other: $0
- Compensation: $16,008
- Related: $0
- Other: $0
- Compensation: $11,500
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
Official website here: www.imon-foundation.org
Where can I find the form 990 for International Microfinance Organization Network-Imon?
International Microfinance Organization Network-Imon's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.imon-foundation.org
Learn more at the official website: www.imon-foundation.org
Mission Statement of International Microfinance Organization Network-Imon
International Microfinance Organization Network-Imon, often referred to as I.M.O.N., is committed to eradicating global poverty. The organization achieves this by providing access to education and finance through capacity building programs and grants, focusing on underprivileged individuals and small businesses, not just in the United States but worldwide. I.M.O.N.'s mission is twofold. Firstly, it conducts microfinance education to empower program participants to establish or enhance their small businesses. This educational aspect equips individuals with the necessary skills to become self-sufficient and improve their quality of life. Secondly, I.M.O.N. offers financial assistance in the form of grants to support these underprivileged individuals and small businesses on their journey towards self-sufficiency and improved living standards. In essence, I.M.O.N.'s mission is to break the cycle of poverty through education and financial inclusion.
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Impact
October, 2024
International Microfinance Organization Network-Imon has made a significant impact in addressing global poverty through financial inclusion and educational initiatives. By providing access to micro-loans ranging from $100 to $1,500, IMON empowers individuals and small businesses, particularly in low-income communities in the U.S. and beyond.
The organization's focus on capacity building includes offering micro-credit workshops that equip participants with essential skills and knowledge to start or improve their businesses. This education not only fosters entrepreneurship but also promotes self-sufficiency and enhances the overall quality of life for those involved.
Through its charitable lending and targeted educational services, IMON has successfully restored hope and opportunity to underprivileged individuals and small businesses, moving them toward greater financial stability and independence. By facilitating access to finance and resources, IMON is actively contributing to long-term economic growth and poverty alleviation in both local and global contexts.
This information is meant to be a general summary of International Microfinance Organization Network-Imon. 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 2020.
- Program Service Revenue: $9,600
- Gross Receipts: $194,600
Assets and Liabilities:
- Total Assets: $316,353
- Total Liabilities: $0
- Net Assets: $316,353
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Organization Details
Founding Year
2016
Phone
(202) 640-5424Principal Officer
Joseph A Hayat
Main Address
1101 Connecticut Ave NW Ste 450, Washington, DC, 20036
Website
www.imon-foundation.orgNTEE Category
Code: Q33 - International
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