Civic Intelligence

Microloan Foundation USA Inc.

990 • Fiscal year 2017 • EIN 42-1751736

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 12, 2018

237 Bonad RoadChestnut Hill, MA 02467

(781) 436-5360

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.04x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.03x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

61st percentile

9.0%

Faster asset growth than 61% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

85th percentile

48%

Faster revenue growth than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$43,515

Up $3,592 (+9.0%) from 2016

Net Assets

Up

$41,635

Up $8,831 (+27%) from 2016

Liabilities

Down

$1,880

Down $5,239 (-74%) from 2016

Revenue

Up

$65,603

Up $21,422 (+48%) from 2016

Expenses

Up

$56,773

Up $34,757 (+158%) from 2016

Net Income

Down

$8,830

Down $13,335 (-60%) from 2016

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2011: $199,362Liabilities 2011: $182,419Net Assets 2011: $16,9432011Assets 2012: $210,290Liabilities 2012: $195,600Net Assets 2012: $14,6902012Assets 2013: $67,245Liabilities 2013: $46,826Net Assets 2013: $20,4192013Assets 2014: $14,730Liabilities 2014: $16,977Net Assets 2014: -$2,2472014Assets 2015: $29,042Liabilities 2015: $17,379Net Assets 2015: $11,6632015Assets 2016: $39,923Liabilities 2016: $7,119Net Assets 2016: $32,8042016Assets 2017: $43,515Liabilities 2017: $1,880Net Assets 2017: $41,6352017Assets 2018: $27,970Liabilities 2018: $1,880Net Assets 2018: $26,0902018Assets 2019: $40,262Liabilities 2019: $1,880Net Assets 2019: $38,3822019Assets 2020: $42,962Liabilities 2020: $1,880Net Assets 2020: $41,0822020Assets 2021: $31,380Liabilities 2021: $0Net Assets 2021: $31,3802021Assets 2022: $47,639Liabilities 2022: $0Net Assets 2022: $47,6392022Assets 2023: $51,287Liabilities 2023: $2,392Net Assets 2023: $48,8952023Assets 2024: $18,078Liabilities 2024: $450Net Assets 2024: $17,6282024

Highlighted filing

2017

Assets$43,515
Liabilities$1,880
Net Assets$41,635

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $210,316Expenses 2011: $209,705Net Income 2011: $6112011Revenue 2012: $244,326Expenses 2012: $246,687Net Income 2012: -$2,3612012Revenue 2013: $241,742Expenses 2013: $236,013Net Income 2013: $5,7292013Revenue 2014: $30,707Expenses 2014: $53,373Net Income 2014: -$22,6662014Revenue 2015: $47,338Expenses 2015: $33,428Net Income 2015: $13,9102015Revenue 2016: $44,181Expenses 2016: $22,016Net Income 2016: $22,1652016Revenue 2017: $65,603Expenses 2017: $56,773Net Income 2017: $8,8302017Revenue 2018: $71,690Expenses 2018: $87,235Net Income 2018: -$15,5452018Revenue 2019: $56,876Expenses 2019: $44,584Net Income 2019: $12,2922019Revenue 2020: $31,715Expenses 2020: $29,015Net Income 2020: $2,7002020Revenue 2021: $84,892Expenses 2021: $94,593Net Income 2021: -$9,7012021Revenue 2022: $157,814Expenses 2022: $141,555Net Income 2022: $16,2592022Revenue 2023: $109,156Expenses 2023: $107,901Net Income 2023: $1,2552023Revenue 2024: $114,070Expenses 2024: $145,337Net Income 2024: -$31,2672024

Highlighted filing

2017

Revenue$65,603
Expenses$56,773
Net Income$8,830
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$65,603
Mission and Program Overview

Mission

The microloan foundation is an international development organization that reduces poverty and inequality by providing microfinance services to impoverished women living in remote rural areas in sub-saharan african countries.

The microloan foundation is an international development organization that reduces poverty and inequality by providing microfinance services to impoverished women living in remote rural areas in sub-saharan african countries. Assisting more than 30,000 women and their more than 150,000 dependents in 2013.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$34,705$36,239▲ $1,534
Total Assets$39,923$43,515▲ $3,592
Other Assets Total$5,218$7,276▲ $2,058
Liabilities
Other Liabilities$5,000$0▼ $5,000
Accounts Payable and Accrued Expenses$2,119$1,880▼ $239
Total Liabilities$7,119$1,880▼ $5,239
Net Assets / Fund Balance
Unrestricted Net Assets$32,804$41,635▲ $8,831
Total Net Assets Fund Balance$32,804$41,635▲ $8,831
Total Liabilities and Net Assets / Fund Balance$39,923$43,515▲ $3,592

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Steven MarkPresident
James RichardsonDirector
Jill WardDirector
Scott SchroederDirector
Nikhil JainClerk
Robert SchmultsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$65,579
Program Service Revenue
$0
Investment Income
$24
Other Revenue
$0
All Other Contributions
$65,579
Change in Net Assets
$8,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$55,853
Other Expenses$920
Total Fundraising Expense$50
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$55,853--$55,853
Fees for Services Other-$670$50$720
Fees for Services Accounting-$200-$200
Total Functional Expenses$55,853$870$50$56,773
International Activity

International Summary

Offices
20
Employees
0
Spending
$0

International Compliance

Foreign grant records maintained
No
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
Sub-saharan AfricaGrantmaking-20--
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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, Section B, Line 11B

Form 990 is dispersed to all board members for review prior to submission. The board chair and treasurer issued approval for this form to be submitted. Subsequently, form 990 and accompanying schedules are discussed at a full board meeting.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest documents and financial statements are available to the public by request. Form 990's are available for public viewing on our website.

Filing and Contact Details

Filer

Filer Name
Microloan Foundation USA
EIN
42-1751736
Phone
7814365360
Address
237 BONAD ROAD, CHESTNUT HILL, MA 02467

Signing Officer

Name
Steven Mark
Title
President
Phone
7814365360
Signed
2018-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Mark
Formed
2008
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
20

Preparer

Firm
Samet & Company Pc
Address
1330 BOYLSTON STREET, CHESTNUT HILL, MA 02467-2111
Preparer
Edward J Suleski Jr CPA
Phone
6177311222
Raw XML Appendix364 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02119
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01880
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE MICROLOAN FOUNDATION IS AN INTERNATIONAL DEVELOPMENT ORGANIZATION THAT REDUCES POVERTY AND INEQUALITY BY PROVIDING MICROFINANCE SERVICES TO IMPOVERISHED WOMEN LIVING IN REMOTE RURAL AREAS IN SUB-SAHARAN AFRICAN COUNTRIES. ASSISTING MORE THAN 30,000 WOMEN AND THEIR MORE THAN 150,000 DEPENDENTS IN 2013.
IRS990/AllOtherContributionsAmt065579
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KAREN CHABON
IRS990/BooksInCareOfDetail/PhoneNum06174599165
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt06 HOLLYWOOD ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHESTNUT HILL
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002467
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt034705
IRS990/CashNonInterestBearingGrp/EOYAmt036239
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt065579
IRS990/CYGrantsAndSimilarPaidAmt055853
IRS990/CYInvestmentIncomeAmt024
IRS990/CYOtherExpensesAmt0920
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt08830
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt056773
IRS990/CYTotalFundraisingExpenseAmt050
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt065603
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0MLF USA PROVIDED BUSINESS EDUCATION AND TRAINING TO SMALL GROUPS OF WOMEN AS A PREREQUISITE TO RECEIPT OF A MICROLOAN. THE TRAINING PROVIDES WOMEN IN SUB-SAHARAN AFRICAN COUNTRIES WITH INSTRUCTION AND EDUCATION IN BUSINESS SKILLS FOR THE BENEFIT OF THE INDIVIDUAL, HER FAMILY AND THE COMMUNITY AT LARGE.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0200
IRS990/FeesForServicesAccountingGrp/TotalAmt0200
IRS990/FeesForServicesOtherGrp/FundraisingAmt050
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0670
IRS990/FeesForServicesOtherGrp/TotalAmt0720
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt055853
IRS990/ForeignGrantsGrp/TotalAmt055853
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0STEVEN MARK
IRS990/Form990PartVIISectionAGrp/PersonNm1ROBERT SCHMULTS
IRS990/Form990PartVIISectionAGrp/PersonNm2NIKHIL JAIN
IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES RICHARDSON
IRS990/Form990PartVIISectionAGrp/PersonNm4SCOTT SCHROEDER
IRS990/Form990PartVIISectionAGrp/PersonNm5JILL WARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt065603
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt024
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt024
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MICROLOAN FOUNDATION IS AN INTERNATIONAL DEVELOPMENT ORGANIZATION THAT REDUCES POVERTY AND INEQUALITY BY PROVIDING MICROFINANCE SERVICES TO IMPOVERISHED WOMEN LIVING IN REMOTE RURAL AREAS IN SUB-SAHARAN AFRICAN COUNTRIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt032804
IRS990/NetAssetsOrFundBalancesEOYAmt041635
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05218
IRS990/OtherAssetsTotalGrp/EOYAmt07276
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt05000
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEVEN MARK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0MLF USA PROVIDED MICROLOANS TO SMALL GROUPS OF WOMEN WHO HAVE COMPLETED THE REQUISITE BUSINESS TRAINING. MLF'S STANDARD LOAN (AVERAGE $80 PER PERSON) IS MADE TO GROUPS OF 10-18 WOMEN. THE GROUP IS COLLECTIVELY RESPONSIBLE FOR REPAYING THE LOAN. THE MICROLOANS ENABLE THE WOMEN TO DEVELOP SMALL BUSINESSES TO SUPPORT THEIR FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt055853
IRS990/ProgSrvcAccomActy2Grp/GrantAmt055853
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt043703
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt020000
IRS990/PYInvestmentIncomeAmt0478
IRS990/PYOtherExpensesAmt02016
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt022165
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt022016
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt044181
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt08830
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt065579
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt043703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt046941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt043180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0233174
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0432577
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0478
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0502
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99880
IRS990ScheduleA/PublicSupportPY170Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt0432577
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt065579
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt043703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt046941
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt043180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0233174
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0432577
IRS990ScheduleA/TotalSupportAmt0433079
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt06276
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PREPAID EXPENSES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PRODUCT INVENTORY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07276
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt020
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTMAKING
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt055980
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0LOAN CAPITAL
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt020
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS THE MICROLOAN FOUNDATION USA ENSURES THAT ITS DISTRIBUTIONS ARE USED IN FURTHERANCE OF ITS EXEMPT PURPOSES. MLF USA MAINTAINS RECORDS OF DISTRIBUTIONS TO ITS SISTER ORGANIZATIONS. MLF USA HAS ACCESS TO THE RECORDS OF ITS SISTER ORGANIZATIONS DETAILING THE SPENDING OF MLF USA'S GRANTS. THE RECORDS OF MLF USA'S SISTER ORGANIZATIONS CONTAIN THE NAMES AND ADDRESSES OF ANY WOMEN WHO RECEIVE MICROLOANS, INDEPENDENT REFERENCES, AMOUNTS BORROWED AND REPAYMENTS. BY PROVIDING GRANTS EXCLUSIVELY TO MLF ORGANIZATIONS, AND REQUIRING DETAILED RECORDS FROM MLF USA'S SISTER ORGANIZATIONS, MLF USA CAN MONITOR AND ENSURE THAT THESE GRANTS ARE ONLY USED IN FURTHERANCE OF MLF USA'S CHARITABLE AND EDUCATIONAL PURPOSES. MLF USA ALSO REGULARLY COMMUNICATES WITH ANY SISTER ORGANIZATION THAT HAS RECEIVED A GRANT. MLF USA EMPLOYEES AND VOLUNTEERS MAY ALSO CONDUCT SITE VISITS TO SISTER ORGANIZATIONS TO ENSURE AND MONITOR THAT GRANTS ARE BEING USED IN ACCORDANCE WITH MLF USA'S CHARITABLE AND EDUCATIONAL PURPOSES.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt020
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS DISPERSED TO ALL BOARD MEMBERS FOR REVIEW PRIOR TO SUBMISSION. THE BOARD CHAIR AND TREASURER ISSUED APPROVAL FOR THIS FORM TO BE SUBMITTED. SUBSEQUENTLY, FORM 990 AND ACCOMPANYING SCHEDULES ARE DISCUSSED AT A FULL BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS, CONFLICT OF INTEREST DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990'S ARE AVAILABLE FOR PUBLIC VIEWING ON OUR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MICROLOAN FOUNDATION MALAWI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/AddressLine1Txt0COLLADO HOUSE PO BOX 491
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CityNm0KASUNGU MALAWI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ForeignAddress/CountryCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileForeignCountryCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0MICROLOAN FOUNDATION USA (MLF USA) PROVIDES DISTRIBUTIONS EXCLUSIVELY TO MLF USA'S SISTER ORGANIZATION OPERATING IN MALAWI SOLELY IN FURTHERANCE OF MLF USA'S CHARITABLE AND EDUCATIONAL PURPOSES. MLF MALAWI PROVIDES RELATED CHARITABLE AND EDUCATIONAL SERVICES TO MLF'S TARGET POPULATIONS. ANY SUCH SUPPORT IS PROVIDED IN ACCORDANCE WITH MLF USA'S CONFLICT OF INTEREST POLICIES, AND SOLELY IN FURTHERANCE OF ITS EXEMPT PURPOSES. ANY SUCH SUPPORT IS PROVIDED IN SUBJECT TO REVIEW AND APPROVAL OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. PERIODIC REPORTS AND PERFORMANCE ASSESSMENTS AER DISCLOSED TO THE IRS AS REQUIRED ON MLF USA'S ANNUAL FORM 990. MLF USA AND MLF MALAWI SHARE THE SAME CHARITABLE AND EDUCATIONAL PURPOSES. MLF USA ENSURES THAT ITS DISTRIBUTIONS ARE USED IN FURTHERANCE OF ITS EXEMPT PURPOSE. MLF USA MAINTAINS RECORDS OF DISTRIBUTIONS TO MLF MALAWI. MLF USA HAS ACCESS TO THE RECORDS OF MLF MALAWI DETAILING THE SPENDING OF MLF USA'S DISBURSEMENTS. THE RECORDS OF MLF MALAWI CONTAIN THE NAMES AND ADDRESSES OF ANY WOMEN WHO RECEIVES MICROLOANS, INDEPENDENT REFERENCES, AMOUNTS BORROWED AND REPAYMENTS. BY PROVIDING DISTRIBUTIONS EXCLUSIVELY TO MLF MALAWI, AND REQUIRING DETAILED RECORDS. MLF USA CAN ENSURE THAT SAID DISTRIBUTIONS ARE USED ONLY IN FURTHERANCE OF MLF USA'S CHARITABLE AND EDUCATIONAL PURPOSES.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE R PART II(B)
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt039923
IRS990/TotalAssetsEOYAmt043515
IRS990/TotalAssetsGrp/BOYAmt039923
IRS990/TotalAssetsGrp/EOYAmt043515
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt065579
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt050
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0870
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt055853
IRS990/TotalFunctionalExpensesGrp/TotalAmt056773
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07119
IRS990/TotalLiabilitiesEOYAmt01880
IRS990/TotalLiabilitiesGrp/BOYAmt07119
IRS990/TotalLiabilitiesGrp/EOYAmt01880
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt032804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt041635
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt055853
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt024
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt065603
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt039923
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt043515
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt032804
IRS990/UnrestrictedNetAssetsGrp/EOYAmt041635
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0237 BONAD ROAD
IRS990/USAddress/CityNm0CHESTNUT HILL
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002467
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.MICROLOANFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVEN MARK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07814365360
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICROLOAN FOUNDATION USA
ReturnHeader/Filer/BusinessNameControlTxt0MICR
ReturnHeader/Filer/EIN0421751736
ReturnHeader/Filer/PhoneNum07814365360
ReturnHeader/Filer/USAddress/AddressLine1Txt0237 BONAD ROAD
ReturnHeader/Filer/USAddress/CityNm0CHESTNUT HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002467
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0328612BB9638C4CC55AD53F50F5873062BDB2437
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0419B6C54E009697294CE6C1ABAF655BF7AA977DE
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0173.166.42.113
ReturnHeader/FilingSecurityInformation/IPDt02018-11-12
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm013:41:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043027605
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAMET & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01330 BOYLSTON STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESTNUT HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0024672111
ReturnHeader/PreparerPersonGrp/PhoneNum06177311222
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD J SULESKI JR CPA
ReturnHeader/ReturnTs02018-11-15T09:30:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$1.14$1.45$0.31
2023Detailed filing. Detailed filing data is available for this year.$0.51$0.02$0.49$1.09$1.08$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$1.58$1.42$0.16
2021Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$0.85$0.95$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.02$0.41$0.32$0.29$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$0.57$0.45$0.12
2018Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.26$0.72$0.87$0.16
2017Detailed filing. Detailed filing data is available for this year.$0.44$0.02$0.42$0.66$0.57$0.09
2016Summary only. Only limited summary data is available for this year.$0.40$0.07$0.33$0.44$0.22$0.22
2015Summary only. Only limited summary data is available for this year.$0.29$0.17$0.12$0.47$0.33$0.14
2014Summary only. Only limited summary data is available for this year.$0.15$0.17$0.02$0.31$0.53$0.23
2013Summary only. Only limited summary data is available for this year.$0.67$0.47$0.20$2.42$2.36$0.06
2012Summary only. Only limited summary data is available for this year.$2.10$1.96$0.15$2.44$2.47$0.02
2011Summary only. Only limited summary data is available for this year.$1.99$1.82$0.17$2.10$2.10$0.01