Civic Intelligence

Microcredit Foundation Inc.

990 • Fiscal year 2016 • EIN 75-3146348

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileN/A
C/O Tax Dept 10350 Bren Rd WMinnetonka, MN 55343

(952) 656-4601

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.23x

Higher debt load relative to assets than 73% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

17.87x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

45th percentile

0.2%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

100th percentile

84283%

Faster revenue growth than 100% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$776,092

Up $1,625 (+0.2%) from 2015

Net Assets

Up

$595,090

Up $1,625 (+0.3%) from 2015

Liabilities

Flat

$181,002

Flat from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin74th percentile

Revenue

Up

$10,126

Up $10,114 (+84283%) from 2015

Expenses

Up

$8,501

Up $4,757 (+127%) from 2015

Net Income

Up

$1,625

Up $5,357 (+144%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$1.0M$500K$0Assets 2010: $807,159Liabilities 2010: $181,202Net Assets 2010: $625,9572010Assets 2011: $799,806Liabilities 2011: $181,002Net Assets 2011: $618,8042011Assets 2012: $794,418Liabilities 2012: $181,002Net Assets 2012: $613,4162012Assets 2013: $786,521Liabilities 2013: $181,002Net Assets 2013: $605,5192013Assets 2014: $778,200Liabilities 2014: $181,003Net Assets 2014: $597,1972014Assets 2015: $774,467Liabilities 2015: $181,002Net Assets 2015: $593,4652015Assets 2016: $776,092Liabilities 2016: $181,002Net Assets 2016: $595,0902016Assets 2017: $771,490Liabilities 2017: $181,002Net Assets 2017: $590,4882017Assets 2018: $745,609Liabilities 2018: $181,002Net Assets 2018: $564,6072018Assets 2019: $745,038Liabilities 2019: $181,002Net Assets 2019: $564,0362019Assets 2020: $390,195Liabilities 2020: $181,002Net Assets 2020: $209,1932020Assets 2021: $378,634Liabilities 2021: $181,002Net Assets 2021: $197,6322021Assets 2022: $379,552Liabilities 2022: $181,002Net Assets 2022: $198,5502022Assets 2023: $317,148Liabilities 2023: $181,627Net Assets 2023: $135,5212023Assets 2024: $311,820Liabilities 2024: $181,002Net Assets 2024: $130,8182024

Highlighted filing

2016

Assets$776,092
Liabilities$181,002
Net Assets$595,090
Open 2016 Filing

Operations Trend

Revenue Growth100th percentile

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

$150K$100K$50K$0-$50KRevenue 2010: $120,010Expenses 2010: $34,760Net Income 2010: $85,2502010Revenue 2011: $10,067Expenses 2011: $17,220Net Income 2011: -$7,1532011Revenue 2012: $17Expenses 2012: $5,405Net Income 2012: -$5,3882012Revenue 2013: $12Expenses 2013: $7,909Net Income 2013: -$7,8972013Revenue 2014: $14Expenses 2014: $8,336Net Income 2014: -$8,3222014Revenue 2015: $12Expenses 2015: $3,744Net Income 2015: -$3,7322015Revenue 2016: $10,126Expenses 2016: $8,501Net Income 2016: $1,6252016Revenue 2017: $504Expenses 2017: $5,106Net Income 2017: -$4,6022017Revenue 2018: -$23,294Expenses 2018: $2,587Net Income 2018: -$25,8812018Revenue 2019: $7,628Expenses 2019: $8,199Net Income 2019: -$5712019Revenue 2020: $1,705Expenses 2020: $13,002Net Income 2020: -$11,2972020Revenue 2021: $32Expenses 2021: $4,102Net Income 2021: -$4,0702021Revenue 2022: $3,364Expenses 2022: $2,446Net Income 2022: $9182022Revenue 2023: $14,972Expenses 2023: $31,018Net Income 2023: -$16,0462023Revenue 2024: $16,198Expenses 2024: $20,901Net Income 2024: -$4,7032024

Highlighted filing

2016

Revenue$10,126
Expenses$8,501
Net Income$1,625
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$10,126
Mission and Program Overview

Mission

The foundation works to alleviate poverty by funding microfinance institutions, education programs and business development services for impoverished people outside of the united states.

Schedule othe foundation works to alleviate poverty by funding microfinance institutions, education programs and business development services for impoverished people outside of the united states.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$699,886$699,886→ $0
Rtn Earn Endowment Incm Other Fnds$593,465$595,090▲ $1,625
Loans From Officers Directors$181,000$181,000→ $0
Savings and Temporary Cash Investments$69,831$76,206▲ $6,375
Accounts Receivable$4,750$0▼ $4,750
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$774,467$776,092▲ $1,625
Liabilities
Accounts Payable and Accrued Expenses$2$2→ $0
Total Liabilities$181,002$181,002→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$593,465$595,090▲ $1,625
Total Liabilities and Net Assets / Fund Balance$774,467$776,092▲ $1,625

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$161,555--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Michael G RauenhorstV President/secretary
Asad MahmoodDirector
Stephen J MccarthyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$10,000
Program Service Revenue
$0
Investment Income
$126
Other Revenue
$0
All Other Contributions
$10,000
Change in Net Assets
$1,625
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,501
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$7,500-$7,500
Insurance-$802-$802
Other Expenses-$7-$7
Total Functional Expenses$0$8,501$0$8,501
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$181,000$181,000→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“The governing body does not have committees.”

Form 990, Part VI, Section B, Line 11B

“Prior to filing form 990, an officer reviews the return. Approval of an officer is required prior to filing this return.”

Form 990, Part VI, Section B, Line 15

“The organization does not have employees, and pays no compensation to its board members or officers.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Asad mahmood - c/o deutsche bank, 60 wall street, new york, ny 10005. Stephen j. Mccarthy - c/o kcg capital advisors, 888 3rd ave, new york, ny 10022.”

Filing and Contact Details

Filer

Filer Name
Microcredit Foundation Inc
EIN
75-3146348
Phone
9526564601
Address
C/O TAX DEPT 10350 BREN RD W, MINNETONKA, MN 55343

Signing Officer

Name
Michael Rauenhorst
Title
Vice President/secretary
Phone
9526564601
Signed
2017-11-14

Organization Details

Principal Officer
Michael G Rauenhorst
Formed
2003
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Operis Tax Consulting LLC
Address
10350 BREN ROAD WEST, MINNETONKA, MN 55343
Preparer
Self Prepared
Phone
9526564601
Raw XML Appendix361 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/BOYAmt02
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02
IRS990/AccountsReceivableGrp/BOYAmt04750
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SCHEDULE OTHE FOUNDATION WORKS TO ALLEVIATE POVERTY BY FUNDING MICROFINANCE INSTITUTIONS, EDUCATION PROGRAMS AND BUSINESS DEVELOPMENT SERVICES FOR IMPOVERISHED PEOPLE OUTSIDE OF THE UNITED STATES.
IRS990/AllOtherContributionsAmt010000
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARY VANDELAC
IRS990/BooksInCareOfDetail/PhoneNum09526564601
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0C/O OPERIS TAX CONSULTING 10350
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNETONKA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055343
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt010000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0126
IRS990/CYOtherExpensesAmt08501
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt01625
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt08501
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt010126
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0SEE SCHEDULE OMICROCREDIT FOUNDATION, INC. IS THE PRIMARY OWNER OF JAMICRO HOLDINGS, LTD (INCORPORATED IN ST. LUCIA), WHICH IS THE SOLE OWNER OF MICRO CREDIT LIMITED (INCORPORATED IN JAMAICA). MICRO CREDIT LIMITED HAS MULTIPLE LOCATIONS IN JAMAICA THAT EXTEND MICRO-LOANS TO PROVIDE WORKING CAPITAL TO PEOPLE WHO OWN SMALL BUSINESSES IN IMPOVERISHED AREAS. MICRO-LOANS HELP ALLEVIATE POVERTY BY HELPING POOR PEOPLE INCREASE THEIR INCOME, BUILD VIABLE BUSINESSES, AND REDUCE THEIR VULNERABILITY TO UNFORESEEN CIRCUMSTANCES SUCH AS ILLNESS, WEATHER OR THEFT. THE FOUNDATION ALLEVIATES POVERTY PRIMARILY BY ESTABLISHING, SUPPORTING AND FINANCING MICROFINANCE INSTITUTION PARTNERS (MICRO CREDIT LIMITED), WHICH IN TURN PROVIDE MICRO-LOANS, EDUCATION AND OTHER RELATED SERVICES TO SELF-EMPLOYED PERSONS IN IMPOVERISHED AREAS OUTSIDE OF THE UNITED STATES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt07500
IRS990/FeesForServicesAccountingGrp/TotalAmt07500
IRS990/ForeignActivitiesInd00
IRS990/ForeignCountryCd0JM
IRS990/ForeignFinancialAccountInd01
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0ASAD MAHMOOD
IRS990/Form990PartVIISectionAGrp/PersonNm1STEPHEN J MCCARTHY
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL G RAUENHORST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2V PRESIDENT/SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt010126
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IncmFromInvestBondProceedsGrp/RelatedOrExemptFuncIncomeAmt0126
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt0126
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0802
IRS990/InsuranceGrp/TotalAmt0802
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0699886
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0699886
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0181000
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0181000
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION WORKS TO ALLEVIATE POVERTY BY FUNDING MICROFINANCE INSTITUTIONS, EDUCATION PROGRAMS AND BUSINESS DEVELOPMENT SERVICES FOR IMPOVERISHED PEOPLE OUTSIDE OF THE UNITED STATES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0593465
IRS990/NetAssetsOrFundBalancesEOYAmt0595090
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REGISTERED AGENT FEES
IRS990/OtherExpensesGrp/Desc1ANNUAL REPORT FEES
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt161
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt27
IRS990/OtherExpensesGrp/TotalAmt0131
IRS990/OtherExpensesGrp/TotalAmt161
IRS990/OtherExpensesGrp/TotalAmt27
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL G RAUENHORST
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt03744
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3732
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03744
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt012
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01625
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0593465
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0595090
IRS990/SavingsAndTempCashInvstGrp/BOYAmt069831
IRS990/SavingsAndTempCashInvstGrp/EOYAmt076206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt010000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt017
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0181
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98220
IRS990ScheduleA/PublicSupportTotal170Amt010000
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt010000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt010000
IRS990ScheduleA/TotalSupportAmt010181
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/ScheduleBRequiredInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0538331
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1161555
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN JAMICRO HOLDINGS LIMITED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1NOTE RECEIVABLE FROM MICRO CREDIT LIMITED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt0699886
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0181000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0FOUNDATION MISSION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0181000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MICHAEL G RAUENHORST
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0VP, SECRETARY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0181000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY DOES NOT HAVE COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PRIOR TO FILING FORM 990, AN OFFICER REVIEWS THE RETURN. APPROVAL OF AN OFFICER IS REQUIRED PRIOR TO FILING THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE EMPLOYEES, AND PAYS NO COMPENSATION TO ITS BOARD MEMBERS OR OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ASAD MAHMOOD - C/O DEUTSCHE BANK, 60 WALL STREET, NEW YORK, NY 10005. STEPHEN J. MCCARTHY - C/O KCG CAPITAL ADVISORS, 888 3RD AVE, NEW YORK, NY 10022.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd11
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0MICROCREDIT FOUNDATION INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt1JAMICRO HOLDINGS LIMITED
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt07 HARBOUR STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/AddressLine1Txt17 HARBOUR STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm0KINGSTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CityNm1KINGSTON
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd0JM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ForeignAddress/CountryCd1JM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd0ST
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileForeignCountryCd1JM
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct00.53600
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct10.53600
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0MICROFINANCING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1MICROFINANCING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0JAMICRO HOLDINGS LIMITED
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1MICRO CREDIT LIMITED
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt0498539
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt1191190
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt016581
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt116581
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0774467
IRS990/TotalAssetsEOYAmt0776092
IRS990/TotalAssetsGrp/BOYAmt0774467
IRS990/TotalAssetsGrp/EOYAmt0776092
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt010000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08501
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt08501
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0181002
IRS990/TotalLiabilitiesEOYAmt0181002
IRS990/TotalLiabilitiesGrp/BOYAmt0181002
IRS990/TotalLiabilitiesGrp/EOYAmt0181002
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0593465
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0595090
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0126
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt010126
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0774467
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0776092
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O TAX DEPT 10350 BREN RD W
IRS990/USAddress/CityNm0MINNETONKA
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055343
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL RAUENHORST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09526564601
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICROCREDIT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MICR
ReturnHeader/Filer/EIN0753146348
ReturnHeader/Filer/PhoneNum09526564601
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O TAX DEPT 10350 BREN RD W
ReturnHeader/Filer/USAddress/CityNm0MINNETONKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055343
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AC4C0789DDE46DA8ACE4835E35F07526E289C027
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0F9E4C3E9CA453BBD60E8BBFAAC0B340D293AC2F4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.172.144.100
ReturnHeader/FilingSecurityInformation/IPDt02017-11-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:14:27
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0474833671
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0OPERIS TAX CONSULTING LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010350 BREN ROAD WEST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MINNETONKA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd055343
ReturnHeader/PreparerPersonGrp/PhoneNum09526564601
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SELF PREPARED
ReturnHeader/ReturnTs02017-11-14T16:16:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$776,092
Liabilities
$181,002
Net assets
$595,090
Revenue
$10,126
Expenses
$8,501
Net income
$1,625
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.12$1.81$1.31$0.16$0.21$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.17$1.82$1.36$0.15$0.31$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.80$1.81$1.99$0.03$0.02$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.79$1.81$1.98$0.00$0.04$0.04
2020Detailed filing. Detailed filing data is available for this year.$3.90$1.81$2.09$0.02$0.13$0.11
2019Detailed filing. Detailed filing data is available for this year.$7.45$1.81$5.64$0.08$0.08$0.01
2018Detailed filing. Detailed filing data is available for this year.$7.46$1.81$5.65$0.23$0.03$0.26
2017Detailed filing. Detailed filing data is available for this year.$7.71$1.81$5.90$0.01$0.05$0.05
2016Detailed filing. Detailed filing data is available for this year.$7.76$1.81$5.95$0.10$0.09$0.02
2015Detailed filing. Detailed filing data is available for this year.$7.74$1.81$5.93$0.00$0.04$0.04
2014Detailed filing. Detailed filing data is available for this year.$7.78$1.81$5.97$0.00$0.08$0.08
2013Summary only. Only limited summary data is available for this year.$7.87$1.81$6.06$0.00$0.08$0.08
2012Summary only. Only limited summary data is available for this year.$7.94$1.81$6.13$0.00$0.05$0.05
2011Summary only. Only limited summary data is available for this year.$8.00$1.81$6.19$0.10$0.17$0.07
2010Summary only. Only limited summary data is available for this year.$8.07$1.81$6.26$1.20$0.35$0.85