Overview
What is Pro Mujer Inc?
Pro Mujer Inc is a New York-based nonprofit organization dedicated to financial inclusion, empowerment, and holistic support for women in Latin America who lack access to traditional financial institutions. Since its inception in 1990, Pro Mujer has disbursed over $4.4 billion in loans and investments, offering financial services such as savings, loans, and insurance. They focus on new products and knowledge sharing in the areas of gender and impact investing. Pro Mujer is a women's development organization with a mission to empower underserved women in Latin America, relying on philanthropic capital to provide programs that go beyond financial services. Their team consists of 6 employees.
Official website here: www.promujer.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Pro Mujer Inc. has received an 81% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization boasts a high level of transparency with an independent board and effective fiscal management, positively influencing its program expenses and financial oversight. The absence of material asset diversions further underscores its commitment to responsible operations.
User reviews highlight Pro Mujer as a transformative force for women in Latin America, emphasizing its multifaceted approach that combines microfinance with healthcare and training. Many users praise the organization's ability to empower women, enabling them to achieve financial independence and improved health for themselves and their families. Donors and volunteers frequently express their commitment to Pro Mujer's mission and report witnessing its profound impact in the communities it serves.
However, some feedback indicates limitations in responsiveness, particularly regarding communication with external parties seeking collaboration. While the vast majority of reviews are overwhelmingly positive, this suggests there may be room for improvement in outreach and support for broader initiatives. Overall, Pro Mujer stands out as a reputable nonprofit committed to sustainable development for women in need.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Pro Mujer Inc legitimate?
Pro Mujer Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pro Mujer 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: $1,057,893
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,653,712
For more financial information, click here
Official website here: www.promujer.org
What is the mission statement of Pro Mujer Inc?
Pro Mujer Inc is a women's development organization dedicated to empowering underserved women in Latin America. They aim to help women reach their full potential by providing financial inclusion, health and wellbeing, and entrepreneurship opportunities. Pro Mujer's mission extends beyond financial services, as they offer holistic programs to support the most underserved populations. This social enterprise, serving over a quarter of a million women, operates without shareholders in its financial services operations. To maintain its philanthropic initiatives, the organization depends on charitable contributions.
Official website here: www.promujer.org
Who is the CEO of Pro Mujer Inc?
Carmen Correa is the President & Ceo (As Of 1/22) of Pro Mujer Inc. The CEO's salary of Pro Mujer Inc is $204,107 and their total compensation is $217,607.
Official website here: www.promujer.org
What is the revenue of Pro Mujer Inc?
Pro Mujer Inc's revenue in 2022 was $73,791,330.
Official website here: www.promujer.org
Who are the executives of Pro Mujer Inc and what are their salaries?
The average compensation at Pro Mujer Inc during 2022 was $2,451,934. There are 6 employees and 27 volunteers at Pro Mujer Inc.
Here are 24 key members and their salaries (Pro Mujer Inc's CEO's salary is $204,107 and their total compensation is $217,607):
- Compensation: $361,832
- Related: $0
- Other: $9,899
- Compensation: $204,107
- Related: $0
- Other: $13,500
- Compensation: $181,850
- Related: $0
- Other: $9,965
- Compensation: $170,230
- Related: $0
- Other: $15,458
- Compensation: $157,633
- Related: $0
- Other: $13,202
- Compensation: $164,906
- Related: $0
- Other: $5,920
- Compensation: $152,686
- Related: $0
- Other: $0
- Compensation: $141,632
- Related: $0
- Other: $4,247
- Compensation: $126,375
- Related: $0
- Other: $7,665
- Compensation: $12,000
- Related: $0
- Other: $0
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- Other: $0
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Official website here: www.promujer.org
Where can I find the form 990 for Pro Mujer Inc?
Pro Mujer Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.promujer.org
Learn more at the official website: www.promujer.org
Mission Statement of Pro Mujer Inc
Pro Mujer Inc, a women's development organization, empowers underserved women in Latin America to reach their full potential. With a social enterprise model, Pro Mujer does not have shareholders in its financial services operations. Instead, it generates income through financially sustainable units. Going beyond financial services, Pro Mujer provides holistic programs to support the most underprivileged populations. To achieve this, the organization relies on philanthropic capital.
In simple terms, Pro Mujer is dedicated to improving the lives of over a quarter of a million women in Latin America. By offering financial inclusion, health and wellbeing, and entrepreneurship and skills training, Pro Mujer enables women to break free from poverty and build better futures for themselves and their families. The organization's mission is not limited to financial services alone; it aims to uplift entire communities and promote sustainable growth.
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Impact
October, 2024
Pro Mujer Inc significantly impacts the lives of underserved women in Latin America by promoting financial inclusion, health, and entrepreneurial opportunities. Since its inception in 1990, Pro Mujer has empowered women who lack access to traditional financial institutions, offering a range of financial services, including savings, loans, and insurance. With an unwavering commitment to gender and impact investing, Pro Mujer has disbursed over $4.4 billion in small loans and investments, enabling more than a quarter of a million women to improve their economic standing and achieve their full potential.
Beyond financial services, Pro Mujer integrates holistic programs aimed at enhancing health and well-being, providing women with the tools and knowledge they need to succeed in both their personal and professional lives. This multifaceted approach ensures that the benefits extend beyond mere financial assistance, fostering overall community development and resilience. By combining social impact with sustainability, Pro Mujer not only addresses immediate needs but also paves the way for long-term empowerment and economic independence for women across Latin America.
This information is meant to be a general summary of Pro Mujer 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,802,178
- Program Service Revenue: $60,206,034
- Gross Receipts: $73,791,330
Assets and Liabilities:
- Total Assets: $255,520,518
- Total Liabilities: $206,403,108
- Net Assets: $49,117,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FINANCIAL SERVICES
Revenue
$58,950,018
PROGRAM HEALTH SERVICES
Revenue
$1,256,016
Organization Details
Founding Year
1990
Phone
(646) 626-7000Principal Officer
Carmen Correa
Main Address
515 MADISON AVENUE 8TH FLOOR, NEW YORK, NY, 10022
Website
www.promujer.orgNTEE Category
Code: Q300 - International
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