Civic Intelligence

Sostenica Inc.

990 • Fiscal year 2019 • EIN 23-3061896

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 14, 2020

Organization Profilewww.sostenica.org
1019 Ashley RdWest Chester, PA 19382-7560

(610) 399-5228

Siviq Scores

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

Liabilities / Assets

94th percentile

1.19x

Higher debt load relative to assets than 94% of similar nonprofits.

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

Liabilities / Revenue

93rd percentile

2.74x

Higher debt load relative to revenue than 93% of similar nonprofits.

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

Net Margin

5th percentile

-56%

Higher net margin than 5% of similar nonprofits.

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

Top Officer Pay

49th percentile

$60,000

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

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

Asset Growth

4th percentile

-31%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$1,342,171

Down $615,264 (-31%) from 2018

Net Assets

Down

-$259,465

Down $326,560 (-487%) from 2018

Liabilities

Down

$1,601,636

Down $288,704 (-15%) from 2018

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin5th percentile

Revenue

Up

$584,838

Up $55,500 (+10%) from 2018

Expenses

Down

$911,939

Down $42,838 (-4.5%) from 2018

Net Income

Up

-$327,101

Up $98,338 (+23%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $2,727,580Liabilities 2011: $2,318,285Net Assets 2011: $409,2952011Assets 2012: $2,733,068Liabilities 2012: $2,286,058Net Assets 2012: $447,0102012Assets 2013: $2,634,072Liabilities 2013: $2,162,632Net Assets 2013: $471,4402013Assets 2014: $2,570,547Liabilities 2014: $2,105,394Net Assets 2014: $465,1532014Assets 2015: $2,531,458Liabilities 2015: $2,028,481Net Assets 2015: $502,9772015Assets 2016: $2,526,079Liabilities 2016: $2,022,060Net Assets 2016: $504,0192016Assets 2017: $2,446,920Liabilities 2017: $1,954,386Net Assets 2017: $492,5342017Assets 2018: $1,957,435Liabilities 2018: $1,890,340Net Assets 2018: $67,0952018Assets 2019: $1,342,171Liabilities 2019: $1,601,636Net Assets 2019: -$259,4652019Assets 2020: $1,160,131Liabilities 2020: $1,598,698Net Assets 2020: -$438,5672020Assets 2021: $1,151,655Liabilities 2021: $1,561,354Net Assets 2021: -$409,6992021Assets 2022: $1,043,713Liabilities 2022: $1,574,170Net Assets 2022: -$530,4572022Assets 2023: $733,289Liabilities 2023: $1,509,920Net Assets 2023: -$776,6312023Assets 2024: $730,156Liabilities 2024: $1,489,839Net Assets 2024: -$759,6832024

Highlighted filing

2019

Assets$1,342,171
Liabilities$1,601,636
Net Assets-$259,465
Open 2019 Filing

Operations Trend

Revenue Growth63rd percentile

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

$1.0M$500K$0-$500KRevenue 2011: $183,226Expenses 2011: $159,927Net Income 2011: $23,2992011Revenue 2012: $240,440Expenses 2012: $202,725Net Income 2012: $37,7152012Revenue 2013: $227,776Expenses 2013: $203,346Net Income 2013: $24,4302013Revenue 2014: $198,242Expenses 2014: $204,529Net Income 2014: -$6,2872014Revenue 2015: $229,845Expenses 2015: $192,021Net Income 2015: $37,8242015Revenue 2016: $210,772Expenses 2016: $209,730Net Income 2016: $1,0422016Revenue 2017: $240,366Expenses 2017: $251,851Net Income 2017: -$11,4852017Revenue 2018: $529,338Expenses 2018: $954,777Net Income 2018: -$425,4392018Revenue 2019: $584,838Expenses 2019: $911,939Net Income 2019: -$327,1012019Revenue 2020: $494,726Expenses 2020: $673,828Net Income 2020: -$179,1022020Revenue 2021: $296,956Expenses 2021: $365,561Net Income 2021: -$68,6052021Revenue 2022: $197,587Expenses 2022: $318,345Net Income 2022: -$120,7582022Revenue 2023: $63,019Expenses 2023: $309,194Net Income 2023: -$246,1752023Revenue 2024: $20,080Expenses 2024: $3,132Net Income 2024: $16,9482024

Highlighted filing

2019

Revenue$584,838
Expenses$911,939
Net Income-$327,101
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 14, 2020
Return Version
2019v5.1
Gross Receipts
$584,838
Mission and Program Overview

Mission

SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant, sustainable communities through microcredit, technical assistance and outreach to low income smallholder farmers and school children.

The primary purpose of SosteNica is to promote economic and community development in many regions of Nicaragua through credit, technical assistance and outreach to low income businesses and small farmers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$522,057$480,453▼ $41,604
Cash and Non-Interest-Bearing Accounts$265,359$187,463▼ $77,896
Land, Buildings, and Equipment, Net$11,606$7,738▼ $3,868
Other Notes and Loans Receivable, Net$6,013$5,000▼ $1,013
Prepaid Expenses and Deferred Charges$3,913$3,913→ $0
Total Assets$1,957,435$1,342,171▼ $615,264
Other Assets Total$1,670,544$1,138,057▼ $532,487
Liabilities
Unsecured Notes Loans Payable$1,337,707$1,120,330▼ $217,377
Accounts Payable and Accrued Expenses$30,035$853▼ $29,182
Total Liabilities$1,889,799$1,601,636▼ $288,163
Net Assets / Fund Balance
Net Assets With Donor Restrictions$51,535$49,500▼ $2,035
Net Assets Without Donor Restrictions$16,101$-308,965▼ $325,066
Total Net Assets Fund Balance$67,636$-259,465▼ $327,101
Total Liabilities and Net Assets / Fund Balance$1,957,435$1,342,171▼ $615,264

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0--
Land$0--
Equipment$7,738$11,604-
Leasehold Improvements$0--
Other Assets Org$1,138,057--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Joseph DeNicolaCEOFT$60,000$60,000
Alan WrightPresidentPT$6,000$6,000

Board Members and Trustees

NameTitle
Peter GuarinoVice President
DeLaura PadovanBoard Member
Joanna LaneBoard Member
Rachel LindsayBoard Member
Rev Owen OwensBoard Member
Scott BihlBoard Member
Elizabeth GibbsSecretary
Tim KeyesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$436,150
Program Service Revenue
$3,686
Investment Income
$0
Other Revenue
$145,002
All Other Contributions
$436,150
Change in Net Assets
$-327,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$584,838
Total Revenue per Audited Statements
$584,838
Total Revenue per Form 990
$584,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$485,580
Grants and Similar Amounts Paid$354,270
Salaries, Compensation, and Employee Benefits$72,089
Total Fundraising Expense$47,141
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$354,270--$354,270
Current Officers, Directors, Trustees, and Key Employees$37,800$13,200$15,000$66,000
Interest$41,596$0$0$41,596
Fees for Services Accounting$0$11,421$0$11,421
Fees for Services Legal$0$9,157$0$9,157
Travel$5,100$1,653$0$6,753
Payroll Taxes$2,892$1,010$1,149$5,051
Insurance$2,008$2,528$0$4,536
Office Expenses$1,708$1,769$569$4,046
Depreciation Depletion$3,868$0$0$3,868
Fees for Services Other$3,219$0$0$3,219
Information Technology$0$1,865$0$1,865
Other Expenses$0$1,042$0$1,042
Other Employee Benefits$595$208$235$1,038
Total Functional Expenses$820,945$43,853$47,141$911,939

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$911,939
Total Expenses per Audited Statements$911,939
Total Expenses per Form 990$911,939
International Activity

International Summary

Offices
2
Employees
8
Spending
$1,517,951

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
Central AmericaProgram ServiceMicro Lending10$1,138,057
Central AmericaEnvironmental ProgramSustainable development18$379,894
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
Loans from Officers, Directors, Trustees, and Key Employees$522,057$480,453▼ $41,604
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
SosteNica Inc
EIN
23-3061896
Phone
6103995228
Address
1019 Ashley Rd, West Chester, PA 19382-7560

Signing Officer

Name
Joseph DeNicola
Title
Executive Director
Phone
6103995228
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Wright
Formed
2001
Legal Domicile
Pa
Voting Board Members
10
Independent Board Members
8
Employees
2
Volunteers
7

Preparer

Firm
Steven J Handzel
Address
302 N HIGH ST, WEST CHESTER, PA 19380
Preparer
Steven J Handzel
Phone
6106967480
Supplemental Narrative

Additional Explanations

Pt VI, Line 8A

“The return is prepared by the independent auditor based upon information developed in the course of the audit. A draft of the return is provided to the Board President and the agency financial administrator who review the return for completeness and accuracy. The return is emailed to the board prior to filing.”

Pt VI, Line 11B

“The 990 return is provided to the board via an emailed PDF.”

Pt VI, Line 15B

“The board reviews the policy annually for individual and collective compliance.”

Pt VI, Line 15A

“Salaries paid to the board president in his capacity as CEO and the administrator are nominal, but reviewed by the board.”

Pt VI, Line 15B

“See above response.”

Pt VI, Line 12C

“Compliance is monitored by board review at annual meeting.”

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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0235
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0208
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0595
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01038
IRS990/OtherExpensesGrp/Desc0Write Down of Funds in Administration
IRS990/OtherExpensesGrp/Desc1Consulting/Contracted Svc
IRS990/OtherExpensesGrp/Desc2Miscellaneous
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt130188
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21042
IRS990/OtherExpensesGrp/ProgramServicesAmt0367889
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt0367889
IRS990/OtherExpensesGrp/TotalAmt130188
IRS990/OtherExpensesGrp/TotalAmt21042
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0Interest from Micro Lending Portfolio
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0145002
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0145002
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt0145002
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06013
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05000
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt01149
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01010
IRS990/PayrollTaxesGrp/ProgramServicesAmt02892
IRS990/PayrollTaxesGrp/TotalAmt05051
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03913
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03913
IRS990/PrincipalOfficerNm0Alan Wright
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0999999
IRS990/ProgramServiceRevenueGrp/Desc0Field Study
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03686
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgSrvcAccomActy2Grp/Desc0Administer and promote micro-lending program to promote sustainable economic development in Nicaragua, Central America.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0441051
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0145002
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0399884
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0388511
IRS990/PYOtherExpensesAmt0505615
IRS990/PYOtherRevenueAmt0129454
IRS990/PYRevenuesLessExpensesAmt0-424898
IRS990/PYSalariesCompEmpBnftPaidAmt060110
IRS990/PYTotalExpensesAmt0954236
IRS990/PYTotalRevenueAmt0529338
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-327101
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0315471
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0436150
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0399884
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt038425
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt034894
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt073968
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0983321
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03686
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt028821
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt010400
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02855
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt045762
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0145002
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0129454
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0172184
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0152778
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0165051
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0764469
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01793552
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0584838
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0529338
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0239430
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0198072
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0241874
IRS990ScheduleA/Total509Grp/TotalAmt01793552
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01793552
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt07738
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011604
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt019342
IRS990ScheduleD/ExpensesSubtotalAmt0911939
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01138057
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Fund in Administration
IRS990ScheduleD/RevenueSubtotalAmt0584838
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07738
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01138057
IRS990ScheduleD/TotalExpensesPerForm990Amt0911939
IRS990ScheduleD/TotalRevenuePerForm990Amt0584838
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0584838
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0911939
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt18
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt11
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01138057
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1379894
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1Central America
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0Micro Lending
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1Sustainable development
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Program Service
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1Environmental Program
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignIndividualsGrantsGrp/CashGrantAmt0346305
IRS990ScheduleF/ForeignIndividualsGrantsGrp/MannerOfCashDisbursementTxt0Bank Transfers
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt01
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0Central America
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0Sustainable Development Projects
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantRecordsMaintainedInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt08
IRS990ScheduleF/SubtotalOfficesCnt02
IRS990ScheduleF/SubtotalSpentAmt01517951
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0SosteNica's micro lending program operates exclusively in Nicaragua, Central America. Likewise, sustainability programs that focus on agriculture and housing are conducted in Nicaragua. From time to time other small projects may occur elsewhere in Central America.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1Micro lending activities are conducted in conjunction with two entities. At least annually, board members and officers of SosteNica travel to Nicaragua to monitor on site the manner in which the loans are administered. Sustainability programs are conducted by Nicaraguan citizens. Program spending is supported by invoices monthly and the program is monitored during the same visits in which the micro lending program is monitored. Further, US based staff conduct regular (at least weekly) skyped conferences with the Nicaraguan providers of sustainable program services.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 3 Col (F)
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt I Line 2
IRS990ScheduleF/TotalEmployeeCnt08

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,342,171
Liabilities
$1,601,636
Net assets
-$259,465
Revenue
$584,838
Expenses
$911,939
Net income
-$327,101
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.73$1.49$0.76$0.02$0.00$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.73$1.51$0.78$0.06$0.31$0.25
2022Detailed filing. Detailed filing data is available for this year.$1.04$1.57$0.53$0.20$0.32$0.12
2021Detailed filing. Detailed filing data is available for this year.$1.15$1.56$0.41$0.30$0.37$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.16$1.60$0.44$0.49$0.67$0.18
2019Detailed filing. Detailed filing data is available for this year.$1.34$1.60$0.26$0.58$0.91$0.33
2018Detailed filing. Detailed filing data is available for this year.$1.96$1.89$0.07$0.53$0.95$0.43
2017Detailed filing. Detailed filing data is available for this year.$2.45$1.95$0.49$0.24$0.25$0.01
2016Summary only. Only limited summary data is available for this year.$2.53$2.02$0.50$0.21$0.21$0.00
2015Summary only. Only limited summary data is available for this year.$2.53$2.03$0.50$0.23$0.19$0.04
2014Detailed filing. Detailed filing data is available for this year.$2.57$2.11$0.47$0.20$0.20$0.01
2013Summary only. Only limited summary data is available for this year.$2.63$2.16$0.47$0.23$0.20$0.02
2012Summary only. Only limited summary data is available for this year.$2.73$2.29$0.45$0.24$0.20$0.04
2011Summary only. Only limited summary data is available for this year.$2.73$2.32$0.41$0.18$0.16$0.02