Civic Intelligence

Esperanza International Foundation

990 • Fiscal year 2015 • EIN 91-1585511

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

13219 NE 20th Street 208Bellevue, WA 98009

(425) 451-4359

Siviq Scores

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

Liabilities / Assets

38th percentile

0.04x

Higher debt load relative to assets than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

29th percentile

0.03x

Higher debt load relative to revenue than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

87th percentile

34%

Higher net margin than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

79th percentile

$129,811

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

96th percentile

129%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

64th percentile

9.9%

Faster revenue growth than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,400,358

Up $789,562 (+129%) from 2014

Net Assets

Up

$1,338,889

Up $733,735 (+121%) from 2014

Liabilities

Up

$61,469

Up $55,827 (+989%) from 2014

Revenue

Up

$1,922,610

Up $173,887 (+9.9%) from 2014

Expenses

Down

$1,271,447

Down $601,664 (-32%) from 2014

Net Income

Up

$651,163

Up $775,551 (+623%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $428,193Liabilities 2011: $20,478Net Assets 2011: $407,7152011Assets 2012: $494,993Liabilities 2012: $2,679Net Assets 2012: $492,3142012Assets 2013: $718,826Liabilities 2013: $16,202Net Assets 2013: $702,6242013Assets 2014: $610,796Liabilities 2014: $5,642Net Assets 2014: $605,1542014Assets 2015: $1,400,358Liabilities 2015: $61,469Net Assets 2015: $1,338,8892015Assets 2016: $1,602,372Liabilities 2016: $8,592Net Assets 2016: $1,593,7802016Assets 2017: $1,257,197Liabilities 2017: $9,650Net Assets 2017: $1,247,5472017Assets 2018: $1,254,049Liabilities 2018: $27,503Net Assets 2018: $1,226,5462018Assets 2019: $1,156,810Liabilities 2019: $18,473Net Assets 2019: $1,138,3372019Assets 2020: $1,684,216Liabilities 2020: $109,902Net Assets 2020: $1,574,3142020Assets 2021: $1,888,229Liabilities 2021: $39,463Net Assets 2021: $1,848,7662021Assets 2022: $1,725,723Liabilities 2022: $20,200Net Assets 2022: $1,705,5232022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2015

Assets$1,400,358
Liabilities$61,469
Net Assets$1,338,889

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,824,130Expenses 2011: $1,597,967Net Income 2011: $226,1632011Revenue 2012: $2,141,514Expenses 2012: $1,996,505Net Income 2012: $145,0092012Revenue 2013: $1,615,005Expenses 2013: $1,438,412Net Income 2013: $176,5932013Revenue 2014: $1,748,723Expenses 2014: $1,873,111Net Income 2014: -$124,3882014Revenue 2015: $1,922,610Expenses 2015: $1,271,447Net Income 2015: $651,1632015Revenue 2016: $1,367,626Expenses 2016: $1,116,230Net Income 2016: $251,3962016Revenue 2017: $983,439Expenses 2017: $1,325,567Net Income 2017: -$342,1282017Revenue 2018: $2,206,133Expenses 2018: $2,206,483Net Income 2018: -$3502018Revenue 2019: $1,153,369Expenses 2019: $1,259,550Net Income 2019: -$106,1812019Revenue 2020: $1,231,247Expenses 2020: $795,274Net Income 2020: $435,9732020Revenue 2021: $1,204,569Expenses 2021: $925,287Net Income 2021: $279,2822021Revenue 2022: $1,262,689Expenses 2022: $1,302,433Net Income 2022: -$39,7442022Revenue 2023: $12,963Expenses 2023: $264,745Net Income 2023: -$251,7822023

Highlighted filing

2015

Revenue$1,922,610
Expenses$1,271,447
Net Income$651,163
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$1,957,917
Mission and Program Overview

Mission

The mission of esperanza international is to free children and their families from poverty through initiatives that generate income, education and health; restoring self-worth and dignity to those who have lost hope.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$272,959$1,022,034▲ $749,075
Savings and Temporary Cash Investments$201,394$206,091▲ $4,697
Pledges and Grants Receivable$18,650$158,375▲ $139,725
Accounts Receivable$110,000--
Land, Buildings, and Equipment, Net$614$6,462▲ $5,848
Intangible Assets$5,063$5,063→ $0
Prepaid Expenses and Deferred Charges$2,116$2,333▲ $217
Total Assets$610,796$1,400,358▲ $789,562
Liabilities
Accounts Payable and Accrued Expenses$5,642$61,469▲ $55,827
Total Liabilities$5,642$61,469▲ $55,827
Net Assets / Fund Balance
Unrestricted Net Assets$595,154$965,692▲ $370,538
Temporarily Rstr Net Assets$10,000$373,197▲ $363,197
Total Net Assets Fund Balance$605,154$1,338,889▲ $733,735
Total Liabilities and Net Assets / Fund Balance$610,796$1,400,358▲ $789,562

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,462$10,729$17,191
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David ValleChief Exec OFT$99,835$29,976$129,811
Alex NunezDirectorFT$84,872-$84,872

Board Members and Trustees

NameTitle
Stephen BrookshireBoard Chairm
Cheryl HunterDirector
Dan DevineDirector
Dave WasikDirector
Peter GreerDirector
Rick LogsdonDirector
Smita DonthamsettyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,785,825
Program Service Revenue
$0
Investment Income
$1,171
Other Revenue
$135,614
All Other Contributions
$1,785,825
Change in Net Assets
$651,163
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$614,778
Salaries, Compensation, and Employee Benefits$366,747
Other Expenses$289,922
Total Fundraising Expense$227,667
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$614,778--$614,778
Current Officers, Directors, Trustees, and Key Employees$110,834$51,924$51,924$214,682
Other Salaries and Wages$1,167-$120,187$121,354
Fees for Services Other$99,342--$99,342
Fees for Services Accounting-$39,147-$39,147
Travel$10,700$10,720$10,564$31,984
Payroll Taxes$8,490$4,794$13,879$27,163
Occupancy-$7,200$11,100$18,300
Office Expenses$481$4,513$4,365$9,359
Information Technology-$99$3,865$3,964
All Other Expenses-$1,490$2,315$3,805
Other Employee Benefits--$3,548$3,548
Insurance-$2,583-$2,583
Depreciation Depletion$124$618$1,025$1,767
Other Expenses$1,133$1,021$655$1,676
Advertising--$966$966
Total Functional Expenses$847,049$196,731$227,667$1,271,447
International Activity

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
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$170,435
Fundraising Direct Expenses$35,307
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Anniversary Rec$153,264$153,264$27,127$126,137
Other$10,334$10,334$3,843$6,491
Total Events$170,435$170,435$35,307$135,128
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
Audit committee
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of the completed form 990 is sent to each board member for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Any interested person must disclose the existence of a financial interest and is given the opportunity to disclose all material facts to the directors considering the proposed transaction or arrangement. This policy is reviewed and discussed periodically.

Form 990, Page 6, Part VI, Line 15A

The review of the ceo's compensation is conducted by two members of the board using comparability data and discussions with comparably sized organizations.

Form 990, Page 6, Part VI, Line 15B

The ceo is the only paid director.

Form 990, Page 6, Part VI, Line 19

Copies of forms 990 and governing documents, the conflict of interest policy, and financial statements are available in the organization's office for review.

Filing and Contact Details

Filer

Filer Name
Esperanza International Foundation
EIN
91-1585511
Phone
4254514359
Address
13219 NE 20TH STREET 208, BELLEVUE, WA 98009

Signing Officer

Name
David Valle
Title
Chief Exec Officer
Phone
2066193877
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Valle
Formed
1992
Legal Domicile
Wa
Voting Board Members
9
Independent Board Members
7
Employees
6
Volunteers
15

Preparer

Firm
GREENWOOD OHLUND & CO LLP CPA'S
Address
4241 21ST AVE W 400, SEATTLE, WA 98199
Preparer
AMANDA O'ROURKE CPA
Phone
2067821767
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 3

In 2015, and after over a year of careful consideration, esperanza withdrew its microfinance operations from haiti. Both the board of directors and local leadership felt that the decision, while extremely difficult to make, was the healthiest for both esperanza associates and employees. This decision allowed the team to focus on bettering its products and services in the dominican republic and diminish risk, a choice that management believed sharpened focus on being good stewards of resources. Francisco guzman, a member of esperanza's former haiti board of directors, spearheaded a group of church members and supporters in the decision to assume esperanza's haiti program and so that microfinance services could continue to be offered in the trou-du-nord region. We believe this option ensured the highest quality of continued service to our associates, and are confident that both associates and employees are in good hands. Our goal through the transition process was to accomplish a healthy transfer where we avoided any negative impact suffered by our associates, employees, leadership, or others involved. Currently, pastor guzman and his team are autonomously running haiti operations. Although many legal aspects of the transfer were completed in december 2015, we will continue to walk alongside them throughout 2016, esperance pour haiti, to offer support and advice as needed. Again, it is our sincere wish that our beloved associates in haiti are offered the best service and care possible. As we believed we were no longer able to provide the quality of service they deserve, we will remain committed to the transition so that our employees and associates in haiti will hopefully enjoy a smooth and easy transition.

Form 990, Page 2, Part III, Line 4A

Health care, vocational and business training, and spiritual guidance to borrowers and their families with the goal of holistically empowering and healing a family (from poverty) in every aspect of their lives. To that end, 215 women received cervical cancer screenings, 1,945 people received general health and hygiene trainings, and 1,685 people received dental care. For education, 77 vocational skills courses were given, 24 literacy courses were held, and 6,023 business trainings were provided. Lastly, for spiritual assistance, 604 "god-provides" video trainings were held, and 314 local community pastors were connected to esperanza's programs to help grow local leadership.

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IRS990/Desc0IN 2015 ESPERANZA INTERNATIONAL WAS ABLE TO SERVICE 10,980 LOANS IN THE DOMINICAN REPUBLIC AND HAITI THROUGH ITS MICROFINANCE PROGRAMS. OF THOSE LOANS, 88% WERE DISBURSED TO WOMEN, AND THE AVERAGE LOAN SIZE FOR OUR SMALLEST GROUP LOAN WAS JUST 176. AS IN YEARS PAST, ESPERANZA OFFERED ITS BORROWERS FIVE DIFFERENT LOAN PRODUCTS, REPRESENTED BY 9,815 BANK OF ESPERANZA LOANS, 251 HOUSING LOANS, 748 INDIVIDUAL LOANS, 30 WATER LOANS AND 136 SCHOOL LOANS. THROUGHOUT THE COURSE OF 2015 THE AVERAGE LOAN SIZE ACROSS ALL PRODUCTS WAS 217, AND THE LOAN PORTFOLIO AVERAGED USD 2.8 MILLION. TO ROUND OUT ESPERANZA'S MICROFINANCE PROGRAMS IT ALSO OFFERS PREVENTIVE HEALTH CARE, VOCATIONAL AND BUSINESS TRAINING, AND SPIRITUAL GUIDANCE TO BORROWERS AND THEIR FAMILIES WITH THE GOAL OF HOLISTICALLY EMPOWERING AND HEALING A FAMILY (FROM POVERTY) IN EVERY ASPECT OF THEIR LIVES. TO THAT END, 215 WOMEN RECEIVED CERVICAL CANCER SCREENINGS, 1,945 PEOPLE RECEIVED GENERAL HEALTH AND HYGIENE TRAININGS, AND 1,685 PEOPLE RECEIVED DENTAL CARE. FOR EDUCATION, 77 VOCATIONAL SKILLS COURSES WERE GIVEN, 24 LITERACY COURSES WERE HELD, AND 6,023 BUSINESS TRAININGS WERE PROVIDED. LASTLY, FOR SPIRITUAL ASSISTANCE, 604 "GOD-PROVIDES" VIDEO TRAININGS WERE HELD, AND 314 LOCAL COMMUNITY PASTORS WERE CONNECTED TO ESPERANZA'S PROGRAMS TO HELP GROW LOCAL LEADERSHIP.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0IN 2015, AND AFTER OVER A YEAR OF CAREFUL CONSIDERATION, ESPERANZA WITHDREW ITS MICROFINANCE OPERATIONS FROM HAITI. BOTH THE BOARD OF DIRECTORS AND LOCAL LEADERSHIP FELT THAT THE DECISION, WHILE EXTREMELY DIFFICULT TO MAKE, WAS THE HEALTHIEST FOR BOTH ESPERANZA ASSOCIATES AND EMPLOYEES. THIS DECISION ALLOWED THE TEAM TO FOCUS ON BETTERING ITS PRODUCTS AND SERVICES IN THE DOMINICAN REPUBLIC AND DIMINISH RISK, A CHOICE THAT MANAGEMENT BELIEVED SHARPENED FOCUS ON BEING GOOD STEWARDS OF RESOURCES. FRANCISCO GUZMAN, A MEMBER OF ESPERANZA'S FORMER HAITI BOARD OF DIRECTORS, SPEARHEADED A GROUP OF CHURCH MEMBERS AND SUPPORTERS IN THE DECISION TO ASSUME ESPERANZA'S HAITI PROGRAM AND SO THAT MICROFINANCE SERVICES COULD CONTINUE TO BE OFFERED IN THE TROU-DU-NORD REGION. WE BELIEVE THIS OPTION ENSURED THE HIGHEST QUALITY OF CONTINUED SERVICE TO OUR ASSOCIATES, AND ARE CONFIDENT THAT BOTH ASSOCIATES AND EMPLOYEES ARE IN GOOD HANDS. OUR GOAL THROUGH THE TRANSITION PROCESS WAS TO ACCOMPLISH A HEALTHY TRANSFER WHERE WE AVOIDED ANY NEGATIVE IMPACT SUFFERED BY OUR ASSOCIATES, EMPLOYEES, LEADERSHIP, OR OTHERS INVOLVED. CURRENTLY, PASTOR GUZMAN AND HIS TEAM ARE AUTONOMOUSLY RUNNING HAITI OPERATIONS. ALTHOUGH MANY LEGAL ASPECTS OF THE TRANSFER WERE COMPLETED IN DECEMBER 2015, WE WILL CONTINUE TO WALK ALONGSIDE THEM THROUGHOUT 2016, ESPERANCE POUR HAITI, TO OFFER SUPPORT AND ADVICE AS NEEDED. AGAIN, IT IS OUR SINCERE WISH THAT OUR BELOVED ASSOCIATES IN HAITI ARE OFFERED THE BEST SERVICE AND CARE POSSIBLE. AS WE BELIEVED WE WERE NO LONGER ABLE TO PROVIDE THE QUALITY OF SERVICE THEY DESERVE, WE WILL REMAIN COMMITTED TO THE TRANSITION SO THAT OUR EMPLOYEES AND ASSOCIATES IN HAITI WILL HOPEFULLY ENJOY A SMOOTH AND EASY TRANSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HEALTH CARE, VOCATIONAL AND BUSINESS TRAINING, AND SPIRITUAL GUIDANCE TO BORROWERS AND THEIR FAMILIES WITH THE GOAL OF HOLISTICALLY EMPOWERING AND HEALING A FAMILY (FROM POVERTY) IN EVERY ASPECT OF THEIR LIVES. TO THAT END, 215 WOMEN RECEIVED CERVICAL CANCER SCREENINGS, 1,945 PEOPLE RECEIVED GENERAL HEALTH AND HYGIENE TRAININGS, AND 1,685 PEOPLE RECEIVED DENTAL CARE. FOR EDUCATION, 77 VOCATIONAL SKILLS COURSES WERE GIVEN, 24 LITERACY COURSES WERE HELD, AND 6,023 BUSINESS TRAININGS WERE PROVIDED. LASTLY, FOR SPIRITUAL ASSISTANCE, 604 "GOD-PROVIDES" VIDEO TRAININGS WERE HELD, AND 314 LOCAL COMMUNITY PASTORS WERE CONNECTED TO ESPERANZA'S PROGRAMS TO HELP GROW LOCAL LEADERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE COMPLETED FORM 990 IS SENT TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANY INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF A FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. THIS POLICY IS REVIEWED AND DISCUSSED PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE REVIEW OF THE CEO'S COMPENSATION IS CONDUCTED BY TWO MEMBERS OF THE BOARD USING COMPARABILITY DATA AND DISCUSSIONS WITH COMPARABLY SIZED ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CEO IS THE ONLY PAID DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6COPIES OF FORMS 990 AND GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE IN THE ORGANIZATION'S OFFICE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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