Civic Intelligence

Freedom from Hunger

990 • Fiscal year 2014 • EIN 95-1647835

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 14, 2015

1460 Drew Avenue Suite 30095618

(800) 708-2555

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.22x

Higher debt load relative to assets than 53% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

53rd percentile

0.22x

Higher debt load relative to revenue than 53% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

88th percentile

$299,913

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

31st percentile

-1.6%

Faster asset growth than 31% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

1.6%

Faster revenue growth than 42% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Flat

$5,216,730

Flat from 2014

Net Assets

Flat

$4,061,754

Flat from 2014

Liabilities

Flat

$1,154,976

Flat from 2014

Revenue

Flat

$5,290,401

Flat from 2014

Expenses

Flat

$6,071,415

Flat from 2014

Net Income

Flat

-$781,014

Flat from 2014

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,471,671Liabilities 2011: $1,290,241Net Assets 2011: $5,181,4302011Assets 2012: $6,494,317Liabilities 2012: $1,233,205Net Assets 2012: $5,261,1122012Assets 2013: $5,303,586Liabilities 2013: $908,672Net Assets 2013: $4,394,9142013Assets 2014: $5,216,730Liabilities 2014: $1,154,976Net Assets 2014: $4,061,7542014Assets 2014: $5,216,730Liabilities 2014: $1,154,976Net Assets 2014: $4,061,7542014Assets 2015: $6,060,297Liabilities 2015: $1,946,066Net Assets 2015: $4,114,2312015Assets 2016: $5,780,721Liabilities 2016: $2,377,300Net Assets 2016: $3,403,4212016Assets 2017: $1,963,568Liabilities 2017: $1,056,845Net Assets 2017: $906,7232017Assets 2018: $1,637,712Liabilities 2018: $382,484Net Assets 2018: $1,255,2282018Assets 2019: $920,480Liabilities 2019: $46,457Net Assets 2019: $874,0232019Assets 2020: $611,897Liabilities 2020: $13,187Net Assets 2020: $598,7102020Assets 2021: $620,680Liabilities 2021: $44,058Net Assets 2021: $576,6222021Assets 2022: $670,214Liabilities 2022: $264,135Net Assets 2022: $406,0792022Assets 2023: $518,059Liabilities 2023: $8,514Net Assets 2023: $509,5452023Assets 2024: $473,767Liabilities 2024: $67,605Net Assets 2024: $406,1622024

Highlighted filing

2014

Assets$5,216,730
Liabilities$1,154,976
Net Assets$4,061,754

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $6,483,7972011Revenue 2012: $6,513,386Expenses 2012: $6,282,484Net Income 2012: $230,9022012Revenue 2013: $5,206,800Expenses 2013: $6,321,920Net Income 2013: -$1,115,1202013Revenue 2014: $5,290,401Expenses 2014: $6,071,415Net Income 2014: -$781,0142014Revenue 2014: $5,290,401Expenses 2014: $6,071,415Net Income 2014: -$781,0142014Revenue 2015: $6,566,455Expenses 2015: $6,242,502Net Income 2015: $323,9532015Revenue 2016: $5,029,738Expenses 2016: $5,581,829Net Income 2016: -$552,0912016Revenue 2017: $4,226,678Expenses 2017: $3,691,576Net Income 2017: $535,1022017Revenue 2018: $2,746,880Expenses 2018: $1,493,532Net Income 2018: $1,253,3482018Revenue 2019: $412,740Expenses 2019: $819,026Net Income 2019: -$406,2862019Revenue 2020: $353,784Expenses 2020: $612,876Net Income 2020: -$259,0922020Revenue 2021: $1,094,599Expenses 2021: $1,195,426Net Income 2021: -$100,8272021Revenue 2022: $475,869Expenses 2022: $560,310Net Income 2022: -$84,4412022Revenue 2023: $359,267Expenses 2023: $252,149Net Income 2023: $107,1182023Revenue 2024: $226,532Expenses 2024: $329,005Net Income 2024: -$102,4732024

Highlighted filing

2014

Revenue$5,290,401
Expenses$6,071,415
Net Income-$781,014
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 14, 2015
Return Version
2013v4.0
Gross Receipts
$5,792,948
Mission and Program Overview

Mission

Freedom from hunger is a 509(a)(3) supporting organization of grameen foundation usa, whose mission is to enable the poor, especially women, to create a world without poverty and hunger.

Freedom from Hunger brings innovative and sustainable self-help solutions to combat chronic hunger and poverty by offering microfinance, education and health protection services to more than 5.69 million women in 23 developing countries in Africa, Asia and Latin America.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,340,359$3,630,795▲ $290,436
Land, Buildings, and Equipment, Net$473,057$441,312▼ $31,745
Savings and Temporary Cash Investments$321,459$374,891▲ $53,432
Cash and Non-Interest-Bearing Accounts$472,283$243,588▼ $228,695
Prepaid Expenses and Deferred Charges$169,192$90,141▼ $79,051
Accounts Receivable$68,905$34,232▼ $34,673
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,303,586$5,216,730▼ $86,856
Other Assets Total$458,331$401,771▼ $56,560
Liabilities
Accounts Payable and Accrued Expenses$581,730$776,877▲ $195,147
Deferred Revenue$326,938$378,099▲ $51,161
Other Liabilities$4--
Total Liabilities$908,672$1,154,976▲ $246,304
Net Assets / Fund Balance
Unrestricted Net Assets$3,422,756$3,889,974▲ $467,218
Temporarily Rstr Net Assets$894,380$94,002▼ $800,378
Permanently Rstr Net Assets$77,778$77,778→ $0
Total Net Assets Fund Balance$4,394,914$4,061,754▼ $333,160
Total Liabilities and Net Assets / Fund Balance$5,303,586$5,216,730▼ $86,856

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$173,100$593,095$766,195
Leasehold Improvements$115,339$145,387$260,726
Equipment$7,436$176,950$184,386
Land$145,437-$145,437
Other Assets Org$30,341--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$77,778---$77,778
2012$77,778---$77,778
2011$77,778---$77,778
2010$77,778---$77,778
2009----$77,778
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hollingworth StevePresidentFT$273,061$26,852$299,913
Stack Kathleen E MSVP ProgramsFT$138,912$12,667$151,579
Forrest RonVP OperationsFT$123,457$16,241$139,698
Souders WilliamVP Tech StrategFT$77,000-$77,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Sanky Communications IncWebsite, Fundraising-$193,744
Revenue and Support

Revenue Composition

Contributions and Grants
$5,133,404
Program Service Revenue
$0
Investment Income
$143,136
Other Revenue
$13,861
All Other Contributions
$5,105,202
Change in Net Assets
$-781,014

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$40,468Sales Price
Other Non Cash Contri Table7$17,270Actual Cost
Other Non Cash Contri Table2$2,088Actual Cost
Total Noncash Contributions25$59,826-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,290,401
Revenue Not Reported on Form 990
$615,789
Total Revenue per Audited Statements
$5,906,190
Total Revenue per Form 990
$5,290,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,361,050
Other Expenses$1,992,607
Grants and Similar Amounts Paid$591,330
Total Fundraising Expense$588,078
Professional Fundraising Fees$126,428

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,805,657$151,746$72,359$2,029,762
Current Officers, Directors, Trustees, and Key Employees$533,879$125,986$27,916$687,781
Fees for Services Other$594,287$1,149$5,690$601,126
Foreign Grants$591,330--$591,330
Office Expenses$252,813$20,842$296,617$570,272
Travel$409,143$18,472$4,955$432,570
Other Employee Benefits$237,018$37,580$8,997$283,595
Payroll Taxes$183,308$17,690$6,908$207,906
Fees for Services Professional Fundraising--$126,428$126,428
Occupancy$111,052$7,237$2,543$120,832
Pension Plan Contributions$84,439$9,442$4,125$98,006
Comp Disqual Persons$54,000--$54,000
Insurance$32,348$18,157$593$51,098
Fees for Services Management$42,419$832$204$43,455
Conferences and Meetings$34,321$8,675-$42,996
Fees for Services Accounting$17,201$18,500-$35,701
Depreciation Depletion$28,683$3,941$1,384$34,008
Fees for Services Legal$6,964--$6,964
Other Expenses$3,796$40$29,359$3,796
Total Functional Expenses$5,043,048$440,289$588,078$6,071,415

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,239,350
Expenses per Audited Statements$6,071,415
Total Expenses per Form 990$6,071,415
Expenses Not Reported on Form 990$167,935
International Activity

International Summary

Offices
7
Employees
19
Spending
$2,660,384

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
Sub-Sahara AfricaProgram servicesAIMFY;CWE; MAHP;SFC27$1,418,308
South AmericaProgram servicesAIMFY; CWE;MAHP; SFC24$559,215
North AmericaProgram servicesCWE; SFC14$462,651
South AsiaProgram servicesCWE; MAHP24$210,422
E Asia & the PacificProgram servicesCWE; MAHP; SFC00$9,788
-CWE (Credit with Educ.)-00$0
-MAHP (Microfinance and-00$0
-SFC (Saving for Change)-00$0
-AIMFY (Advancing Integr.Health Protection)00$0
-Definitions:Microfin. for Youth)00$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$126,428
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 workpapers are prepared by the Director, Finance and Chief Financial Officer. The draft Form 990 is then prepared by an independent CPA firm. Subsequently, the draft Form 990 is presented to the Audit Committee for review and acceptance. Once accepted, an electronic version of the Form 990 is provided to the Board of Trustees. The Audit Committee presents the Form 990 at the annual board of trustee meeting. The Board of Trustees is given 7 days to provide comments or ask questions prior to filing.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Freedom from Hunger maintains a Conflicts of Interest Policy for trustees, officers, employees and volunteers. Upon commencement of duties and annually thereafter, trustees, officers, employees and volunteers sign a conflict of interest statement. Any conflict of interest is disclosed to the Board of Trustees and included in the minutes to reflect that any interested person is not present during final discussion or vote and did not vote.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

A Compensation Committee meets annually to discuss and review officer and key employee compensation. The Compensation Committee reviews salaries based upon independent salary surveys for the industry and region. The Compensation Committee then reports directly, in private session, to the Chair.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Freedom from Hunger makes its Form 990, audited financial statements and annual reports available on our website. Other governing documents, policies, Form 990 and audited financial statements are also available upon request.

Filing and Contact Details

Filer

EIN
95-1647835
Phone
8007082555

Signing Officer

Name
Ron Forrest
Title
VP Operations
Signed
2015-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Marianne Udow-Phillips
Formed
1946
Legal Domicile
CA
Voting Board Members
23
Independent Board Members
23
Employees
32
Volunteers
23

Preparer

Preparer
Steven J Olds CPA
Phone
9168581680
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Global Programs - Programs include the development and dissemination of education on topics such as health, nutrition, family planning, financial education for the poor, and better business. Other projects include research, hunger awareness activities, progress tracking, impact research and new program development. OTHER PROGRAM SERVICES 5: Freedom from Hungers programs provide women in chronically hungry communities the tools they need to help themselves and their families move toward futures of health, dignity and self-reliance. By working in partnership with other local organizations, typically microfinance institutions (MFIs) and non-governmental organizations (NGOs), Freedom from Hungers programs are reaching more than 5.69 million clients in 23 countries.Microfinance and Health Protection (MAHP) is offered through both MFIs and NGOs and offers a range of health-protection servicesincluding health education, health financing (health loans, health savings accounts and micro-insurance) and linkages to health-service providers and products. Together, these services help poor women and their families become more resilient in the face of health and financial shocks. By improving the health and financial stability of their clients, MAHP also helps support the sustainability of the institutions themselves.Current areas of focus include maternal and child health; non-communicable diseases; and water, sanitation and hygiene (WASH).In 2014, Freedom from Hunger expanded the MAHP initiative to serve 2.73 million people in ten countries. Scale: 2.73 million peopleCountries Served: Bnin, Bolivia, Burkina Faso, Cambodia, Ecuador, Ghana, India, the Philippines, Peru and VietnamSaving for Change is Freedom from Hungers program for self-managed saving and lending groups. Offered primarily through NGOs, this approach enables outreach into rural areas where women have little or no access to formal financial services.It combines group-based savings with simple, relevant, high-impact training in health, business and money management. Participants are trained, not only to manage the groups themselves, but to help start new groups in and around their communities. In 2014, more than 740,000 women living in very poor, rural areas in 13 countries are participating in Saving for Change. Scale: 740,236 peopleCountries Served: Bnin, Brazil, Burkina Faso, Cambodia, Colombia, El Salvador, Guatemala, Honduras, Mali, Mexico, Niger, Peru and SngalCredit with Education, Freedom from Hungers signature service-delivery innovation, is offered through MFIs. It combines access to financial services with dialogue-based adult education for groups of poor women in rural areas. Education topics include business, basic financial literacy, health and nutrition.In 2014, Credit with Education is reaching 17 countries and more than 1.56 million clients.Scale: 1.56 million peopleCountries Served: Bnin, Bolivia, Burkina Faso, Ecuador, Ghana, Guatemala, Haiti, Honduras, India, Madagascar, Mali, Mexico, Peru, the Philippines, South Africa, Togo and VietnamAdvancing Integrated Microfinance for Youth (AIM Youth) is Freedom from Hungers pilot initiative to design, test and document youth-focused microfinance and financial education services specifically designed to meet the financial needs of young people. Funded by The MasterCard Foundation, Freedom from Hunger is partnering with MFIs and NGOs in Ecuador and Mali.In 2014, more than 39,000 young people are participating in AIM Youth, with aggregate savings in excess of $730,000. Pilot Scale: 39,408 young peopleCountries Served: Ecuador and Mali

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in Surrender Value of Life Insur. = $45096

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in value of split interest agreem = $19570

Financial Statement Notes

Part X : FIN48 Footnote

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires Freedom from Hunger to report information regarding its exposure to various tax positions taken. Freedom from Hunger has determined whether any tax positions meet the recognition threshold and have measured the exposure to those tax positions. Management believes that Freedom from Hunger has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to Freedom from Hunger are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Change in Surrender Value of Life Insur. $45096 Change in value of split interest agreem $19570

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IRS990/Form990PartVIISectionAGrp/TitleTxt23VP Operations
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.07$0.41$0.23$0.33$0.10
2023Summary only. Only limited summary data is available for this year.$0.52$0.01$0.51$0.36$0.25$0.11
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.26$0.41$0.48$0.56$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.04$0.58$1.09$1.20$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.01$0.60$0.35$0.61$0.26
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.92$0.05$0.87$0.41$0.82$0.41
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.38$1.26$2.75$1.49$1.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$1.06$0.91$4.23$3.69$0.54
2016Detailed filing. Detailed filing data is available for this year.$5.78$2.38$3.40$5.03$5.58$0.55
2015Detailed filing. Detailed filing data is available for this year.$6.06$1.95$4.11$6.57$6.24$0.32
2014Detailed filing. Detailed filing data is available for this year.$5.22$1.15$4.06$5.29$6.07$0.78
2014Summary only. Only limited summary data is available for this year.$5.22$1.15$4.06$5.29$6.07$0.78
2013Summary only. Only limited summary data is available for this year.$5.30$0.91$4.39$5.21$6.32$1.12
2012Summary only. Only limited summary data is available for this year.$6.49$1.23$5.26$6.51$6.28$0.23
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.47$1.29$5.18$6.48