Civic Intelligence

Microcredit Foundation Inc.

990PF • Fiscal year 2023 • EIN 75-3146348

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

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

(952) 656-4807

Siviq Scores

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

Liabilities / Assets

91st percentile

0.57x

Higher debt load relative to assets than 91% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

12.13x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

6th percentile

-107%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

26th percentile

-16%

Faster asset growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

345%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$317,148

Down $62,404 (-16%) from 2022

Net Assets

Down

$135,521

Down $63,029 (-32%) from 2022

Liabilities

Up

$181,627

Up $625 (+0.3%) from 2022

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin6th percentile

Revenue

Up

$14,972

Up $11,608 (+345%) from 2022

Expenses

Up

$31,018

Up $28,572 (+1168%) from 2022

Net Income

Down

-$16,046

Down $16,964 (-1848%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth26th 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

2023

Assets$317,148
Liabilities$181,627
Net Assets$135,521
Open 2023 Filing

Operations Trend

Revenue Growth97th 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

2023

Revenue$14,972
Expenses$31,018
Net Income-$16,046
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
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.

Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL G RAUENHORSTV President/Secretary-$0--
ASAD MAHMOODDirector-$0--
STEPHEN J MCCARTHYDirector-$0--
Grants and Assistance

Foundation Grants and Related Investments

TypeRecipientPurposeStatusLocationAmount
Paid GrantCATHOLIC COMMUNITY FOUNDATIONMGR FUND #40732APCSAINT PAUL, MN, US$13,859
Filing and Contact Details

Filer

Filer Name
Microcredit Foundation Inc
EIN
75-3146348
Phone
9526564807
Address
CO TAX DEPT 10350 BREN RD W, MINNETONKA, MN 55343

Signing Officer

Name
Michael Rauenhorst
Title
Vice President/secretary
Phone
9526564601
Signed
2024-11-13
Raw XML Appendix284 raw XML fields

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

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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd00
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd00
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt017017
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/AppliedToYear1Amt013859
IRS990PF/UndistributedIncomeGrp/CorpusDistri170b1EOr4942g3Amt00
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt017992
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearDeficiencyOrTaxAmt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt030876
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TotalForPriorYearsAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt0975
IRS990PF/UndistributedIncomeGrp/UndistributedIncomePYAmt013859
OtherDecreasesSchedule/OtherDecreasesDetail/Amt046983
OtherDecreasesSchedule/OtherDecreasesDetail/Desc0WRITE DOWN OF PRIVATE EQUITY INVESTMENT
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0INSURANCE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1REGISTERED AGENT FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2ANNUAL REPORT FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3BANK FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt0904
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt1163
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt20
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt30
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt00
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt10
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt261
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt381
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt0904
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt1163
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt261
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt381
TaxesSchedule/TaxesDetail/Amt0100
TaxesSchedule/TaxesDetail/CategoryTxt0EXCISE TAXES
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt0100
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL RAUENHORST
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT/SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum09526564601
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICROCREDIT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MICR
ReturnHeader/Filer/EIN0753146348
ReturnHeader/Filer/PhoneNum09526564807
ReturnHeader/Filer/USAddress/AddressLine1Txt0CO TAX DEPT 10350 BREN RD W
ReturnHeader/Filer/USAddress/CityNm0MINNETONKA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055343
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/ReturnTs02024-11-13T15:30:12-06:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$317,148
Liabilities
$181,627
Net assets
$135,521
Revenue
$14,972
Expenses
$31,018
Net income
-$16,046
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