Civic Intelligence

Friends of Microfinance Ltd

990EZ • Fiscal year 2012 • EIN 20-5797722

Jan 01, 2012 to Dec 31, 2012 • Filed on Mar 28, 2013

Refreshing map…

500 West Cummings Park Suite 520001801
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

23.62x

Higher debt load relative to assets than 99% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

99th percentile

7.03x

Higher debt load relative to revenue than 99% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Net Margin

98th percentile

96%

Higher net margin than 98% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

58th percentile

5.7%

Faster asset growth than 58% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

88th percentile

62%

Faster revenue growth than 88% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2010 to 2012

Assets

Up

$26,110

Up $1,403 (+5.7%) from 2011

Net Assets

Up

-$590,726

Up $84,127 (+12%) from 2011

Liabilities

Down

$616,836

Down $82,724 (-12%) from 2011

Revenue

$87,724

No earlier filing loaded for comparison.

Expenses

Up

$3,597

Up $954 (+36%) from 2011

Net Income

$84,127

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500K-$1.0MAssets 2011: $24,707Liabilities 2011: $699,560Net Assets 2011: -$674,8532011Assets 2012: $26,110Liabilities 2012: $616,836Net Assets 2012: -$590,7262012

Highlighted filing

2012

Assets$26,110
Liabilities$616,836
Net Assets-$590,726

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100K$50K$0Expenses 2011: $2,6432011Revenue 2012: $87,724Expenses 2012: $3,597Net Income 2012: $84,1272012

Highlighted filing

2012

Revenue$87,724
Expenses$3,597
Net Income$84,127
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Mar 28, 2013
Return Version
2012v2.1
Mission and Program Overview

Mission

Developing a support system enabling poorer individuals to access financial services and information to better their financial situation. The organization focuses on key areas such as; supporting microfinance institutions, harnessing the power of technology, connecting microfinance institutions with capital markets and expanding microfiance industry knowledge. Activities include, but are not limited to, the creative use of video, broadcast, and internet technology in developing communication centers, internt site, and media interface applications

Filing and Contact Details

Filer

EIN
20-5797722
Raw XML Appendix194 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1VIDAR J JORGENSEN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2VIDAR J JORGENSEN
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName3JILL E HANSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName4JILL E HANSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1TREASURER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title3CLERK
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title4DIRECTOR
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IRS990EZ/OtherAssetsTotal/EOY00
IRS990EZ/OtherChangesInNetAssets00
IRS990EZ/OtherExpensesTotal03597
IRS990EZ/PartVIAHghstPaidCntrctProfSer0NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl0NONE
IRS990EZ/PrimaryExemptPurpose0DEVELOPING A SUPPORT SYSTEM ENABLING POORER INDIVIDUALS TO ACCESS FINANCIAL SERVICES AND INFORMATION TO BETTER THEIR FINANCIAL SITUATION. THE ORGANIZATION FOCUSES ON KEY AREAS SUCH AS; SUPPORTING MICROFINANCE INSTITUTIONS, HARNESSING THE POWER OF TECHNOLOGY, CONNECTING MICROFINANCE INSTITUTIONS WITH CAPITAL MARKETS AND EXPANDING MICROFIANCE INDUSTRY KNOWLEDGE. ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE CREATIVE USE OF VIDEO, BROADCAST, AND INTERNET TECHNOLOGY IN DEVELOPING COMMUNICATION CENTERS, INTERNT SITE, AND MEDIA INTERFACE APPLICATIONS
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0PROGRAMS SUPPORTED INCLUDE MICROFINANCE INSTITUTIONS, HARNESSING THE POWER OF TECHNOLOGY, CONNECTING MICROFINANCE INSTITUTIONS WITH CAPITAL MARKETS, AND EXPANDING MICROFINANCE INDUSTRY.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations00
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses00
IRS990EZ/ProhibitedTaxShelterTrans00
IRS990EZ/RelatedOrgControlledEntity00
IRS990EZ/StatesWhereCopyOfReturnIsFiled0MA
IRS990EZ/SubjectToProxyTax00
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IRS990EZ/TanningServicesProvided00
IRS990EZ/TaxImposedUnderIRC491100
IRS990EZ/TaxImposedUnderIRC491200
IRS990EZ/TaxImposedUnderIRC495500
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine10500 WEST CUMMINGS PARK SUITE 5200
IRS990EZ/TheBooksAreInCareOf/AddressUS/City0WOBURN
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0MA
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode001801
IRS990EZ/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10VIDAR J JORGENSEN PRESIDENT
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber07819392500
IRS990EZ/TotalAssets/BOY024707
IRS990EZ/TotalAssets/EOY026110
IRS990EZ/TotalExpenses03597
IRS990EZ/TotalRevenue087724
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg00
IRS990EZ/WebSite0N/A
IRS990ScheduleA/AmtsFromSubstContributors/Total00
IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total00
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear087724
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus4Years0408741
IRS990ScheduleA/GiftsGrantsContribReceived509/Total0496465
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus4Years045191
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IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus2Years033334
IRS990ScheduleA/OtherIncome509/CurrentTaxYearMinus3Years026666
IRS990ScheduleA/OtherIncome509/Total060000
IRS990ScheduleA/PriorYearSupportPercentage00.80950
IRS990ScheduleA/PriorYrInvestIncomePercentage00.08180
IRS990ScheduleA/PubliclySupportedOrg509a20X
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IRS990ScheduleA/SupportFromDQPsEtc/Total00
IRS990ScheduleA/ThirtyThreePercntTestsCY5090X
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IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus3Years026666
IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years0453932
IRS990ScheduleA/TotalSupportTotal/Total0601656
IRS990ScheduleB/ContributorInfo/AggregateContributions0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/City0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/State0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorAddressUS/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNameBusiness/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInfo/ContributorNumber0RESTRICTED
IRS990ScheduleL/LoanTable/ApprovedByBoard01
IRS990ScheduleL/LoanTable/ApprovedByBoard11
IRS990ScheduleL/LoanTable/ApprovedByBoard21
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IRS990ScheduleL/LoanTable/Default10
IRS990ScheduleL/LoanTable/Default20
IRS990ScheduleL/LoanTable/LoanToOrganization0X
IRS990ScheduleL/LoanTable/LoanToOrganization1X
IRS990ScheduleL/LoanTable/LoanToOrganization2X
IRS990ScheduleL/LoanTable/NameBusiness/BusinessNameLine10STAUBO TRUST III
IRS990ScheduleL/LoanTable/NameBusiness/BusinessNameLine11GRAMEEN RESEARCH INC
IRS990ScheduleL/LoanTable/NameBusiness/BusinessNameLine12GRAMEEN AMERICA LLC
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount0514723
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount110200
IRS990ScheduleL/LoanTable/OriginalPrincipalAmount235229
IRS990ScheduleL/LoanTable/PurposeOfLoan0TO FUND OPERATIONS.
IRS990ScheduleL/LoanTable/PurposeOfLoan1TO FUND OPERATIONS.
IRS990ScheduleL/LoanTable/PurposeOfLoan2TO FUND OPERATIONS.
IRS990ScheduleL/LoanTable/WrittenAgreement00
IRS990ScheduleL/LoanTable/WrittenAgreement10
IRS990ScheduleL/LoanTable/WrittenAgreement20
IRS990ScheduleL/TotalBalanceDue0563723
IRS990ScheduleO/GeneralExplanation/Explanation0DESCRIPTION: BANK CHARGES. AMOUNT: 562. DESCRIPTION: FILING FEES. AMOUNT: 35. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 3,000. TOTAL TO FORM 990-EZ, LINE 16: 3,597.
IRS990ScheduleO/GeneralExplanation/Explanation1DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 3,488. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/GeneralExplanation/Explanation2DESCRIPTION: DUE TO STAUBO TRUST. BEG. OF YEAR AMOUNT: 563,723. END OF YEAR AMOUNT: 563,723. DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 53,113. END OF YEAR AMOUNT: 53,113. DESCRIPTION: DUE TO AFFILIATES. BEG. OF YEAR AMOUNT: 82,724. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/GeneralExplanation/Identifier0OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier1OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier2OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990-EZ, PART II, LINE 26
TransferPrsnlBnftContractsDecl/Declaration0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0205797722
ReturnHeader/Filer/Name/BusinessNameLine10FRIENDS OF MICROFINANCE LTD
ReturnHeader/Filer/NameControl0FRIE
ReturnHeader/Filer/Phone07819392500
ReturnHeader/Filer/USAddress/AddressLine10500 WEST CUMMINGS PARK SUITE 5200
ReturnHeader/Filer/USAddress/City0WOBURN
ReturnHeader/Filer/USAddress/State0MA
ReturnHeader/Filer/USAddress/ZIPCode001801
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-03-28
ReturnHeader/Officer/Name0VIDAR J JORGENSEN
ReturnHeader/Officer/Phone07819392500
ReturnHeader/Officer/Title0PRESIDENT
ReturnHeader/PreparerFirm/EIN0042805993
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10NEWBURG & COMPANY LLP
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10890 WINTER STREET SUITE 208
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0WALTHAM
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0MA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode002451
ReturnHeader/Preparer/Name0HOWARD NEWBURG
ReturnHeader/Preparer/Phone07818844100
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02012-01-01
ReturnHeader/TaxPeriodEndDate02012-12-31
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-03-30T11:11:38-05:00

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Filings