Civic Intelligence

Deutsche Bank Microcredit Development

EIN 13-3957277 • 501(c)3 • New York, NY

Profile

The deutsche bank microcredit development fund, inc. Was created to support the growth, effectiveness, and sustainability of microcredit programs that serve the poor with access to credit for self-employment.

875 Third Avenue 26th FloorNew York, NY 10022

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

72nd percentile

0.28x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

1st percentile

-3189%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

17th percentile

-9.8%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-84%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Down

$3,694,367

Down $399,282 (-9.8%) from 2018

Liabilities

Down

$3,500

Down $22,345 (-86%) from 2018

Net Assets

Down

$3,690,867

Down $376,937 (-9.3%) from 2018

Operations
Liabilities / Revenue72nd percentileNet Margin1st percentile

Revenue

Down

$12,542

Down $64,817 (-84%) from 2018

Expenses

Up

$412,479

Up $348,542 (+545%) from 2018

Net Income

Down

-$399,937

Down $413,359 (-3080%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $3,300,365Liabilities 2010: $833,040Net Assets 2010: $2,467,3252010Assets 2011: $3,480,430Liabilities 2011: $936,216Net Assets 2011: $2,544,2142011Assets 2012: $4,410,762Liabilities 2012: $811,707Net Assets 2012: $3,599,0552012Assets 2013: $4,418,741Liabilities 2013: $622,953Net Assets 2013: $3,795,7882013Assets 2014: $4,300,875Liabilities 2014: $435,197Net Assets 2014: $3,865,6782014Assets 2015: $4,406,216Liabilities 2015: $464,325Net Assets 2015: $3,941,8912015Assets 2016: $4,475,843Liabilities 2016: $533,623Net Assets 2016: $3,942,2202016Assets 2017: $4,587,786Liabilities 2017: $541,478Net Assets 2017: $4,046,3082017Assets 2018: $4,093,649Liabilities 2018: $25,845Net Assets 2018: $4,067,8042018Assets 2019: $3,694,367Liabilities 2019: $3,500Net Assets 2019: $3,690,8672019

Highlighted filing

2019

Assets$3,694,367
Liabilities$3,500
Net Assets$3,690,867
Open 2019 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$500K$0-$500KExpenses 2010: $35,8142010Expenses 2011: $58,8072011Revenue 2012: $142,828Expenses 2012: $106,034Net Income 2012: $36,7942012Revenue 2013: $178,990Expenses 2013: $48,716Net Income 2013: $130,2742013Revenue 2014: $101,555Expenses 2014: $54,250Net Income 2014: $47,3052014Revenue 2015: $162,936Expenses 2015: $133,905Net Income 2015: $29,0312015Revenue 2016: $232,156Expenses 2016: $101,251Net Income 2016: $130,9052016Revenue 2017: $187,322Expenses 2017: $50,420Net Income 2017: $136,9022017Revenue 2018: $77,359Expenses 2018: $63,937Net Income 2018: $13,4222018Revenue 2019: $12,542Expenses 2019: $412,479Net Income 2019: -$399,9372019

Highlighted filing

2019

Revenue$12,542
Expenses$412,479
Net Income-$399,937
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,694,367
Liabilities
$3,500
Net assets
$3,690,867
Revenue
$12,542
Expenses
$412,479
Net income
-$399,937
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$3.69$0.00$3.69$0.01$0.41$0.40
2018Detailed filing. Detailed filing data is available for this year.$4.09$0.03$4.07$0.08$0.06$0.01
2017Detailed filing. Detailed filing data is available for this year.$4.59$0.54$4.05$0.19$0.05$0.14
2016Detailed filing. Detailed filing data is available for this year.$4.48$0.53$3.94$0.23$0.10$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.41$0.46$3.94$0.16$0.13$0.03
2014Detailed filing. Detailed filing data is available for this year.$4.30$0.44$3.87$0.10$0.05$0.05
2013Detailed filing. Detailed filing data is available for this year.$4.42$0.62$3.80$0.18$0.05$0.13
2012Summary only. Only limited summary data is available for this year.$4.41$0.81$3.60$0.14$0.11$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.94$2.54$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.83$2.47$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 2, 2020
Return Version
2019v5.0
Gross Receipts
$12,542
Mission and Program Overview

Mission

The deutsche bank microcredit development fund, inc. Was created to support the growth, effectiveness, and sustainability of microcredit programs that serve the poor with access to credit for self-employment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,958,588$3,693,511▲ $734,923
Investments Program Related$1,127,000$0▼ $1,127,000
Accounts Receivable$8,061$0▼ $8,061
Prepaid Expenses and Deferred Charges-$856-
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$4,093,649$3,694,367▼ $399,282
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$25,845$3,500▼ $22,345
Total Liabilities$25,845$3,500▼ $22,345
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,067,804$3,690,867▼ $376,937
Total Net Assets Fund Balance$4,067,804$3,690,867▼ $376,937
Total Liabilities and Net Assets / Fund Balance$4,093,649$3,694,367▼ $399,282
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Scott ReardonChairman
Gary S HattemPresident
Alex CountsDirector
Asad MahmoodDirector
Ben MidberryDirector
Caroline VanceDirector
Maureen D DonovanDirector
Michael RauenhorstDirector
Richard W Thaler JrDirector
Shahin AhdiehDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$12,542
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-399,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$350,000
Other Expenses$62,479
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$200,000--$200,000
Foreign Grants$150,000--$150,000
Fees for Services Accounting$28,500--$28,500
Fees for Services Other$14,450--$14,450
Fees for Services Legal$9,480--$9,480
Insurance$7,372--$7,372
Office Expenses$2,490--$2,490
Other Expenses$187--$187
Total Functional Expenses$412,479$0$0$412,479
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Calvert Impact Capital IncBethesda, MD501 C (3)-$50,000
Grameen FoundationWashington, DC501 C (3)-$50,000
MCE Social CapitalSan Francisco, CA501 C (3)-$50,000
Population Services IntlWashington, DC501 C (3)-$50,000

International Summary

Spending
$150,000

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
North AmericaGrants to Organizations-00$100,000
EuropeGrants to Organizations-00$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 is reviewed by the fund manager prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All board members receive a copy of the conflict of interest policy at the start of their relationship with the organization and periodically thereafter as determined from time to time by the board. Whenever a board member becomes aware that any conflict exists, he or she is required to disclose it to the board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Deutsche Bank Microcredit Development
EIN
13-3957277
Phone
2124548516
Address
875 Third Avenue 26th Floor, New York, NY 10022

Signing Officer

Name
Gary S Hattem
Title
President
Phone
2122505632
Signed
2020-06-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary S Hattem
Formed
1997
Legal Domicile
De
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
15

Preparer

Firm
Watsonrice Llp
Address
5 PENN PLZ 15TH FL, NEW YORK, NY 10001
Preparer
Baruti Bediako CPA
Phone
2124477300
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

“Adjmt for overstmt of prov for credit Loss = $23000”

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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0856
IRS990/PrincipalOfficerNm0Gary S Hattem
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IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON PROGRAM LOANS
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt05000
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt04000
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0158741
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
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IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt065634
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0400391
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt02700
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IRS990ScheduleA/Total509Grp/TotalAmt0671836
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0162936
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0672315
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1100000
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Europe
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1North America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Grants to Organizations
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Grants to Organizations
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt1100000
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0Wire trnsfr.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt1Wire trnsfr.
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0Serve the Poor
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt1Serve the Poor
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0Europe
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt1North America
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalSpentAmt0150000
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0A committee of the Board was formed to determine the grant recipients and a 3rd party consultant established and managed a process for identifying potential grantees. The grantees were recommended to the Board, who took the final decision to disburse seven $50,000 charitable project grants. All grant recipients signed a grant letter outlining the terms and conditions of the grant and were required to submit a final report that outlined the usage of the grant funds and development outcomes.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US
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IRS990ScheduleF/TotalOtherOrgCnt01
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IRS990ScheduleI/RecipientTable/CashGrantAmt250000
IRS990ScheduleI/RecipientTable/CashGrantAmt350000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501 C (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501 C (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501 C (3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501 C (3)
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Calvert Impact Capital Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Grameen Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2MCE Social Capital
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Population Services Intl
IRS990ScheduleI/RecipientTable/RecipientEIN0521591398
IRS990ScheduleI/RecipientTable/RecipientEIN1731502797
IRS990ScheduleI/RecipientTable/RecipientEIN2203154063
IRS990ScheduleI/RecipientTable/RecipientEIN3560942853
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07315 Wisconsin Ave Ste 1000W
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11400 K Street NW Suite 550
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt25758 Geary Blvd 261

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