Civic Intelligence

Friends of Microfinance Ltd

990EZ • Fiscal year 2014 • EIN 20-5797722

Jan 01, 2014 to Dec 31, 2014 • Filed on May 13, 2015

Organization ProfileN/A
500 West Cummings Park Suite 5200Woburn, MA 01801

(781) 939-2500

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2014

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $26,110 (-100%) from 2012

Net Assets

Up

$0

Up $590,726 (+100%) from 2012

Liabilities

Down

$0

Down $616,836 (-100%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

-

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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: -$590,7262012Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Latest loaded filing

2012

Revenue$87,724
Expenses$3,597
Net Income$84,127
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 13, 2015
Return Version
2014v5.0
Gross Receipts
$0
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

Program Services

DescriptionGrantsExpenses
PROGRAMS SUPPORTED INCLUDE MICROFINANCE INSTITUTIONS, HARNESSING THE POWER OF TECHNOLOGY, CONNECTING MICROFINANCE INSTITUTIONS WITH CAPITAL MARKETS, AND EXPANDING MICROFINANCE INDUSTRY.$0$0
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
VIDAR J JORGENSENPresident-$0--
VIDAR J JORGENSENTreasurer-$0--
VIDAR J JORGENSENDirector-$0--
JILL E HANSONClerk-$0--
JILL E HANSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Friends of Microfinance Ltd
EIN
20-5797722
Phone
7819392500
Address
500 WEST CUMMINGS PARK SUITE 5200, WOBURN, MA 01801

Signing Officer

Name
Vidar J Jorgensen
Title
President
Phone
7819392500
Signed
2015-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Newburg & Company Llp
Address
890 WINTER STREET SUITE 208, WALTHAM, MA 02451
Preparer
Howard Newburg
Phone
7818844100
Raw XML Appendix140 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.

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JILL E HANSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0DEVELOPING 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROGRAMS SUPPORTED INCLUDE MICROFINANCE INSTITUTIONS, HARNESSING THE POWER OF TECHNOLOGY, CONNECTING MICROFINANCE INSTITUTIONS WITH CAPITAL MARKETS, AND EXPANDING MICROFINANCE INDUSTRY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd00
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/TaxImposedUnderIRC4911Amt00
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IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt033334
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IRS990ScheduleA/PublicSupportCY509Pct00.72460
IRS990ScheduleA/PublicSupportTotal509Amt087724
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt087724
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0121058
IRS990ScheduleN/AssetsDistributedInd00
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IRS990ScheduleN/BondsOutstandingInd00
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IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
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IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd01
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VIDAR J JORGENSEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07819392500
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF MICROFINANCE LTD
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0205797722
ReturnHeader/Filer/PhoneNum07819392500
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 WEST CUMMINGS PARK SUITE 5200
ReturnHeader/Filer/USAddress/CityNm0WOBURN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0042805993
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0NEWBURG & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0890 WINTER STREET SUITE 208
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WALTHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002451
ReturnHeader/PreparerPersonGrp/PhoneNum07818844100
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD NEWBURG
ReturnHeader/ReturnTs02015-05-15T10:27:16-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-
Expenses
-
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.26$6.17$5.91$0.88$0.04$0.84
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$7.00$6.75$0.03