Wasi Social Innovation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 824473371 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is Wasi Social Innovation Inc?

Wasi Social Innovation Inc, located in New York City, New York, is a nonprofit organization that primarily serves to promote financial inclusion, health and well-being, and entrepreneurship and skills development. It is organized exclusively to support and carry out the purposes of its related 501(c)(3) organization, Pro Mujer, Inc. The organization's activities aim to provide essential services and opportunities, contributing to the betterment of individuals and communities.

Is Wasi Social Innovation Inc legitimate?

Wasi Social Innovation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wasi Social Innovation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Wasi Social Innovation Inc?

Wasi Social Innovation Inc. was established with the primary purpose of supporting Pro Mujer, Inc., a related 501(c)(3) organization. Its activities are centered around promoting financial inclusion, enhancing health and well-being, and fostering entrepreneurship and skill development. The organization's mission, therefore, aligns with Pro Mujer's, focusing on contributing to their functions and achieving their objectives. While the specific goals and strategies of Wasi Social Innovation Inc. are not provided, it can be inferred that they aim to contribute positively to the areas of financial inclusion, health, and entrepreneurship, in line with Pro Mujer's mission.

Who is the CEO of Wasi Social Innovation Inc?

Carmen Correa is the President & Ceo (As Of 1/22) of Wasi Social Innovation Inc. The CEO's salary of Wasi Social Innovation Inc is $0 and their total compensation is $217,607.

What is the revenue of Wasi Social Innovation Inc?

Wasi Social Innovation Inc's revenue in 2022 was $1,150,000.

Who are the executives of Wasi Social Innovation Inc and what are their salaries?

There 4 volunteers at Wasi Social Innovation Inc.


Here are 8 key members and their salaries (Wasi Social Innovation Inc's CEO's salary is $0 and their total compensation is $217,607):


Carmen Correa (President & Ceo (As Of 1/22))
  • Compensation: $0
  • Related: $361,832
  • Other: $9,899
Maria Cavalcanti (Former President & Ceo)
  • Compensation: $0
  • Related: $204,107
  • Other: $13,500
Rolando Schmidt (Treasurer)
  • Compensation: $0
  • Related: $181,850
  • Other: $9,965
Alexandra Blanco Sejas (Secretary)
  • Compensation: $0
  • Related: $157,633
  • Other: $13,202
Zelma Acosta-Rubio (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ana Demel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Armando Laborde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark R Mcmahon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Wasi Social Innovation Inc?

Wasi Social Innovation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Wasi Social Innovation Inc

Wasi Social Innovation Inc, a nonprofit organization, was established with a specific purpose. Its mission is centered around supporting Pro Mujer, Inc., a related 501(c)(3) organization, by performing its functions and carrying out its purposes. More specifically, Wasi Social Innovation Inc is dedicated to providing financial inclusion services, promoting health and well-being, and fostering entrepreneurship and skill development. By doing so, this organization aims to contribute positively to the overall betterment of the communities it serves.

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Impact




October, 2024

Wasi Social Innovation Inc significantly impacts communities by providing essential financial inclusion services, health and well-being programs, and entrepreneurship and skills training. By focusing on these areas, Wasi empowers individuals, particularly women, to improve their economic conditions and overall quality of life.

In New York, Wasi addresses the barriers to financial access, enabling underserved populations to gain better control of their financial futures. Their health and well-being services support holistic development, ensuring that individuals have the necessary resources to lead healthier lives. Additionally, through entrepreneurship and skilling initiatives, Wasi fosters innovation and self-sufficiency, helping participants to cultivate valuable skills that can lead to sustainable employment and business opportunities.

By aligning its efforts with those of Pro Mujer, Inc., Wasi enhances the effectiveness and reach of its programs, ultimately working towards uplifting and transforming communities through targeted support and resources.




This information is meant to be a general summary of Wasi Social Innovation 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.

Revenue
$1,150,000 (2022)
Expenses
$309,409 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $1,150,000

Assets and Liabilities:

  • Total Assets: $3,783,901
  • Total Liabilities: $3,128,516
  • Net Assets: $655,385

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Organization Details

Founding Year

2018

Principal Officer

Carmen Correa

Main Address

515 MADISON AVENUE 8TH FLOOR, NEW YORK, NY, 10022

NTEE Category

Code: P19 - Human services

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