Overview
What is The Friendship Bridge?
The Friendship Bridge is a nonprofit social enterprise based in Lakewood, Colorado, with a mission to empower impoverished women in Guatemala by providing them with microloans and additional support services. These plus services include non-formal participatory education, artisan training, agricultural training, and preventative health services. In 2022, The Friendship Bridge served over 34,000 women with loans, averaging around $501, through groups known as trust banks. The organization offers education and agriculture training to clients, provides health support, connects artisans to the global market, and assists entrepreneurs through various programs. The Friendship Bridge serves around 3,530 active trust banks and employs 11 individuals.
Official website here: www.friendshipbridge.org
What are the reviews and ratings of this charity?
**The Friendship Bridge (EIN: 841141078)**
**Charity Navigator Rating: 92% (Four-Star out of Four Stars)**
The Friendship Bridge has earned a commendable Four-Star rating from Charity Navigator, highlighting its strong accountability and financial management, with an impressive 92% score in the Accountability & Finance category. The organization's financial practices demonstrate transparency, with detailed audits and the presence of independent board members, ensuring that the majority of the board is free from conflicts of interest.
This nonprofit's mission focuses on empowering Guatemalan women through microcredit, education, and health services to combat poverty effectively. It reflects a commitment to responsible growth and innovation, utilizing strategic partnerships and civic engagement to enhance its impact. The organization also actively invests in leadership development, showcasing its dedication to nurturing future leaders within the community.
While the financial health and operational transparency of The Friendship Bridge are noteworthy, specific user reviews from GreatNonprofits were not available for further insights on community perceptions. Overall, the organization stands out for its mission-driven approach and effective governance as it strives to support empowered decision-making among women in Guatemala.
This AI summary has been generated from information found on Charity Navigator.
Is The Friendship Bridge legitimate?
The Friendship Bridge is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Friendship Bridge 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: $332,479
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,108,866
For more financial information, click here
Official website here: www.friendshipbridge.org
What is the mission statement of The Friendship Bridge?
The mission of The Friendship Bridge is to establish a nonprofit social enterprise that empowers women in Guatemala to enhance their lives. This is achieved through an innovative and high-impact approach to poverty alleviation, encompassing microfinance, education, and preventive health services. This approach, referred to as Microcredit Plus, boosts the resilience, empowerment, and business development of the participants. By engaging in these programs, individuals experience accelerated personal growth and improved livelihoods. More information about The Friendship Bridge can be found on their website.
Official website here: www.friendshipbridge.org
Who is the CEO of The Friendship Bridge?
Tracie Cordeiro is the President & Ceo of The Friendship Bridge. The CEO's salary of The Friendship Bridge is $166,682 and their total compensation is $176,013.
Official website here: www.friendshipbridge.org
What is the revenue of The Friendship Bridge?
The Friendship Bridge's revenue in 2022 was $7,954,696.
Official website here: www.friendshipbridge.org
Who are the executives of The Friendship Bridge and what are their salaries?
The average compensation at The Friendship Bridge during 2022 was $312,850. There are 11 employees and 335 volunteers at The Friendship Bridge.
Here are 17 key members and their salaries (The Friendship Bridge's CEO's salary is $166,682 and their total compensation is $176,013):
- Compensation: $166,682
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- Other: $9,331
- Compensation: $149,266
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- Other: $7,200
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Official website here: www.friendshipbridge.org
Where can I find the form 990 for The Friendship Bridge?
The Friendship Bridge's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendshipbridge.org
Learn more at the official website: www.friendshipbridge.org
Mission Statement of The Friendship Bridge
The Friendship Bridge is a nonprofit social enterprise that empowers women in Guatemala to improve their lives. Utilizing a unique and high-impact approach to poverty alleviation, this organization combines the tools of microfinance, education, and preventive health services. This integrated methodology, known as Microcredit Plus, enhances the resilience, empowerment, and business development of its participants. By engaging with The Friendship Bridge's programs, women in Guatemala experience accelerated progress in their personal and professional lives. For more information, visit their website at www.friendshipbridge.org.
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Impact
July, 2024
The Friendship Bridge's impact can be seen in the empowerment and transformation it brings to impoverished Guatemalan women through its Microcredit Plus program. By offering micro-loans supplemented with essential services such as non-formal education, artisan training, agricultural training, and preventative health services, Friendship Bridge serves over 34,000 women annually. Through group lending models and innovative programs, Friendship Bridge has created a platform for women to access financial resources, build businesses, and improve their livelihoods. Additionally, initiatives like handmade by Friendship Bridge and the Bridge to Success program provide opportunities for women to showcase their talents and expand their businesses globally. Overall, Friendship Bridge's holistic approach to poverty alleviation not only supports women in achieving financial stability but also fosters resilience, empowerment, and sustainable development in Guatemala.
This information is meant to be a general summary of The Friendship Bridge. 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: $87,797
- Program Service Revenue: $6,109,261
- Gross Receipts: $9,666,519
Assets and Liabilities:
- Total Assets: $16,374,776
- Total Liabilities: $9,977,556
- Net Assets: $6,397,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MICRO-CREDIT LOANS
Revenue
$5,905,015
SALES
Revenue
$143,464
INSIGHT TRIPS
Revenue
$60,782
Organization Details
Founding Year
1990
Phone
(303) 674-0717Principal Officer
Tracie Cordeiro
Main Address
405 URBAN STREET 140, LAKEWOOD, CO, 80228
Website
www.friendshipbridge.orgNTEE Category
Code: Q99M - International
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