Civic Intelligence

Pro Mujer Inc.

990 • Fiscal year 2013 • EIN 98-0115409

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 13, 2014

253 West 35th Street 11th FloorSuite 11 FL10001-1907

(646) 626-7000

Siviq Scores

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

Liabilities / Assets

75th percentile

0.64x

Higher debt load relative to assets than 75% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2013

Liabilities / Revenue

82nd percentile

1.85x

Higher debt load relative to revenue than 82% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2013

Net Margin

41st percentile

1.9%

Higher net margin than 41% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2013

Top Officer Pay

28th percentile

$316,430

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2013

Asset Growth

8th percentile

-7.4%

Faster asset growth than 8% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Revenue Growth

13th percentile

-13%

Faster revenue growth than 13% of similar nonprofits.

2013 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2012 to 2013

Assets

Down

$152,932,880

Down $12,236,487 (-7.4%) from 2012

Net Assets

Down

$54,912,938

Down $3,652,251 (-6.2%) from 2012

Liabilities

Down

$98,019,942

Down $8,584,236 (-8.1%) from 2012

Revenue

Down

$53,125,922

Down $8,202,069 (-13%) from 2012

Expenses

Up

$52,118,289

Up $393,866 (+0.8%) from 2012

Net Income

Down

$1,007,633

Down $8,595,935 (-90%) from 2012

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2010: $88,601,429Liabilities 2010: $48,559,879Net Assets 2010: $40,041,5502010Assets 2011: $130,112,372Liabilities 2011: $81,132,522Net Assets 2011: $48,979,8502011Assets 2012: $165,169,367Liabilities 2012: $106,604,178Net Assets 2012: $58,565,1892012Assets 2013: $152,932,880Liabilities 2013: $98,019,942Net Assets 2013: $54,912,9382013Assets 2014: $156,191,734Liabilities 2014: $100,800,085Net Assets 2014: $55,391,6492014Assets 2015: $140,454,089Liabilities 2015: $88,951,454Net Assets 2015: $51,502,6352015Assets 2016: $158,133,001Liabilities 2016: $107,118,056Net Assets 2016: $51,014,9452016Assets 2017: $167,849,403Liabilities 2017: $108,852,667Net Assets 2017: $58,996,7362017Assets 2018: $155,869,797Liabilities 2018: $103,818,613Net Assets 2018: $52,051,1842018Assets 2019: $160,331,314Liabilities 2019: $118,149,582Net Assets 2019: $42,181,7322019Assets 2020: $221,412,399Liabilities 2020: $180,648,854Net Assets 2020: $40,763,5452020Assets 2021: $248,534,379Liabilities 2021: $203,898,072Net Assets 2021: $44,636,3072021Assets 2022: $255,520,518Liabilities 2022: $206,403,108Net Assets 2022: $49,117,4102022Assets 2023: $270,187,060Liabilities 2023: $230,226,721Net Assets 2023: $39,960,3392023Assets 2024: $271,825,068Liabilities 2024: $232,647,412Net Assets 2024: $39,177,6562024

Highlighted filing

2013

Assets$152,932,880
Liabilities$98,019,942
Net Assets$54,912,938

Operations Trend

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

$80M$60M$40M$20M$0-$20MRevenue 2010: $31,628,888Expenses 2010: $28,040,608Net Income 2010: $3,588,2802010Revenue 2011: $47,799,483Expenses 2011: $38,849,583Net Income 2011: $8,949,9002011Revenue 2012: $61,327,991Expenses 2012: $51,724,423Net Income 2012: $9,603,5682012Revenue 2013: $53,125,922Expenses 2013: $52,118,289Net Income 2013: $1,007,6332013Revenue 2014: $55,019,606Expenses 2014: $54,703,358Net Income 2014: $316,2482014Revenue 2015: $48,263,169Expenses 2015: $52,406,359Net Income 2015: -$4,143,1902015Revenue 2016: $51,814,523Expenses 2016: $51,891,165Net Income 2016: -$76,6422016Revenue 2017: $58,341,155Expenses 2017: $55,114,699Net Income 2017: $3,226,4562017Revenue 2018: $52,851,906Expenses 2018: $56,729,405Net Income 2018: -$3,877,4992018Revenue 2019: $50,104,187Expenses 2019: $54,071,638Net Income 2019: -$3,967,4512019Revenue 2020: $46,513,948Expenses 2020: $45,982,810Net Income 2020: $531,1382020Revenue 2021: $54,383,608Expenses 2021: $50,905,708Net Income 2021: $3,477,9002021Revenue 2022: $73,791,330Expenses 2022: $59,022,219Net Income 2022: $14,769,1112022Revenue 2023: $75,116,159Expenses 2023: $73,358,588Net Income 2023: $1,757,5712023Revenue 2024: $66,652,586Expenses 2024: $68,791,634Net Income 2024: -$2,139,0482024

Highlighted filing

2013

Revenue$53,125,922
Expenses$52,118,289
Net Income$1,007,633
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 13, 2014
Return Version
2013v3.1
Gross Receipts
$53,796,360
Mission and Program Overview

Mission

Pro mujer empowers underserved women in latin america to realize their full potential. We are a women's development organization, serving more than a quarter of a million women. We provide financial services, life-saving preventative healthcare, capacity building education and business training.

Pro Mujer trail blazes new paths for poor women in Latin America. We provide access to financial services, lifesaving healthcare, and education and business training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$104,743,427$107,355,124▲ $2,611,697
Cash and Non-Interest-Bearing Accounts$25,725,261$32,507,494▲ $6,782,233
Land, Buildings, and Equipment, Net$5,124,233$7,138,436▲ $2,014,203
Pledges and Grants Receivable$2,778,462$2,190,002▼ $588,460
Prepaid Expenses and Deferred Charges$1,247,325$1,987,779▲ $740,454
Investments Other Securities$236,663$865,091▲ $628,428
Accounts Receivable$1,588,987$471,935▼ $1,117,052
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$143,300,338$152,932,880▲ $9,632,542
Other Assets Total$1,855,980$417,019▼ $1,438,961
Liabilities
Mortgage Notes Payable Secured by Investment Property$82,232,758$86,886,266▲ $4,653,508
Accounts Payable and Accrued Expenses$7,611,126$11,133,676▲ $3,522,550
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$89,843,884$98,019,942▲ $8,176,058
Net Assets / Fund Balance
Unrestricted Net Assets$49,374,489$50,500,262▲ $1,125,773
Temporarily Rstr Net Assets$3,707,821$4,038,532▲ $330,711
Permanently Rstr Net Assets$374,144$374,144→ $0
Total Net Assets Fund Balance$53,456,454$54,912,938▲ $1,456,484
Total Liabilities and Net Assets / Fund Balance$143,300,338$152,932,880▲ $9,632,542

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$3,328,753$2,601,860$5,930,613
Other Land Buildings$2,255,720$2,080,982$4,336,702
Buildings$1,323,746$204,337$1,528,082
Land$230,217-$230,217
Leasehold Improvements-$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$367,101---$367,101
2012$349,658-▲ $17,443-$367,101
2011$367,450-▼ $17,792-$349,658
2010$348,373-▲ $19,052$-25$367,450
2009$322,432-▲ $25,941-$348,373
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rodolfo MedranoChief Operating OfficerFT$220,898$95,532$316,430
Rosario PerezPresident & CEOFT$210,417$827$211,244
Susan HannahChief Development OfficerFT$151,083$27,662$178,745
Lara BrookGeneral CounselFT$123,943$10,098$134,041
Lynne PattersonCo-Founder & Director EmeritaFT$108,233$18,256$126,489
David GoughChief Financial OfficerFT$111,250$10,919$122,169
Vanina CarmonaDirector of FinanceFT$98,999$22,688$121,687
Gabriela SalvadorChief Health OfficerFT$115,500$3,389$118,889
Carmen VelascoCo-FounderFT$92,702-$92,702

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Synet Solutions IncTechnology Support-$246,054
Balbo Realty Shulsky Properties InLandlord for PMI NY-$157,981
Quicksilver FoundryConsulting services-$148,642
Jill FreemanHR Consulting Servic-$109,550
Revenue and Support

Revenue Composition

Contributions and Grants
$6,409,669
Program Service Revenue
$48,967,503
Investment Income
$-95,283
Other Revenue
$-2,155,967
All Other Contributions
$5,656,001
Change in Net Assets
$1,007,633

Audited Revenue Reconciliation

Revenue per Audited Statements
$53,125,922
Revenue Not Reported on Form 990
$13,298,764
Total Revenue per Audited Statements
$66,424,686
Total Revenue per Form 990
$53,125,922
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,213,144
Salaries, Compensation, and Employee Benefits$23,888,247
Total Fundraising Expense$998,782
Professional Fundraising Fees$16,898
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,868,660$711,277$544,193$15,124,130
Interest$7,791,690--$7,791,690
All Other Expenses$6,816,979$52,389$48,063$6,917,431
Other Employee Benefits$6,122,908$118,402$124,493$6,365,803
Office Expenses$3,390,222$120,847$29,926$3,540,995
Occupancy$1,880,556$163,335-$2,043,891
Depreciation Depletion$1,745,543$61,671$0$1,807,214
Fees for Services Other$1,169,284$224,556-$1,393,840
Travel$1,164,997$178,492$45,060$1,388,549
Pension Plan Contributions$1,227,055$20,826$24,700$1,272,581
Current Officers, Directors, Trustees, and Key Employees$660,367$325,366$140,000$1,125,733
Insurance$947,479$0$0$947,479
Fees for Services Legal-$393,111-$393,111
Fees for Services Accounting-$165,540-$165,540
Other Expenses$0$29,527$0$29,527
Fees for Services Professional Fundraising--$16,898$16,898
Total Functional Expenses$48,484,656$2,634,851$998,782$52,118,289

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$64,242,459
Expenses per Audited Statements$52,118,289
Total Expenses per Form 990$52,118,289
Expenses Not Reported on Form 990$12,124,170
International Activity

International Summary

Offices
126
Employees
1,592
Spending
$36,937,808

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
South AmericaProgram ServicesFinancial and Health1091,198$27,284,878
Central America and the CaribbeanProgram ServicesFinancial and Health16373$6,872,534
North AmericaProgram ServicesFinancial and Health121$2,780,396
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$297,480
Fundraising Gross Income$130,390
Professional Fundraising Fees$16,898

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$884,058$130,390$124,868$5,522
Total Events$884,058$130,390$297,480$-167,090
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 was prepared by the outside accountants and reviewed by the cfo, ceo and executive committee.the board was presented with the 990 for review prior to filing.

Form 990, Part VI, Section B, Line 12C

In all of our employment contracts, we include a conflict of interest statement and disclosure form. Furthermore, our conflict of interests policy is covered in our on-boarding policy and is part of our new-hire orientation at all levels of the organization. In addition to this, the board of directors has to complete a conflict of interest form each year. Should a conflict of interest arise, our procedures call for contacting our general counsel and ceo and, together with h.r., we meet with the person in question to resolve any issues promptly and satisfactorily.

Form 990, Part VI, Section B, Line 15

The board of directors are responsible for the performance evaluation of the ceo and are also charged with the responsibility of reviewing the ceo compensation levels against market data for similar positions at similar organizations. If it is determined that an increase in salary is appropriate for the ceo, the chair of the board directs the director of h.r. In writing to make the necessary adjustments to the ceos salary. There have been no changes to the ceos compensation since she was hired in june, 2008. For key employees of the organization and other officers, an evaluation is based on each individuals performance against their goals (measured through an annual performance review process) and market salaries. The ceo brings the proposed change to the boards executive committee for review, together with the pertinent performance and market salary data for that position. The board approves changes in compensation only for key positions: ceo (as previously descibed), cfo, and chief development &communications officer. Approval by the ceo and the executive committee of the board are needed. Documentation: individual performance against goals, as evidenced in the annual performance review, and salary market data for comparable positions at comparable organizations in a comparable geographic area are required parts of the documentation process, as is the retention value of keeping a key employee. Generally, this is done at the end of the year, but, in rare occasions, it is done in mid-year or when updated compensation market data becomes available that is significantly different from our salary ranges.

Form 990, Part VI, Section C, Line 19

The organizations governing documents, conflict of interest policy and financial statements are not generally available to the public. These documents are made available to interested parties upon request, subject to the approval by pro mujer.

Filing and Contact Details

Filer

EIN
98-0115409
In Care Of
% ROSARIO PEREZ
Phone
6466267000

Signing Officer

Name
David Gough
Title
CFO
Phone
6466267000
Signed
2014-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rosario Perez
Formed
1990
Legal Domicile
Ny
Voting Board Members
20
Independent Board Members
18
Employees
31
Volunteers
0

Preparer

Preparer
Raymond Ly
Phone
6466267000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

In 2013, Pro Mujer served nearly 300,000 poor women in Latin America, nearly double the number of women since 2006. -- Pro Mujer stewarded resources wisely: More than 93% of every dollar donated went to programs to serve low-income women. 2% supported fundraising. 5% supported management and administration. -- PRO MUJER PROVIDED LOW-INCOME WOMEN WITH LOANS WHICH WERE USED TO EXPAND AND DEVELOP WOMEN'S BUSINESSES. THE AVERAGE LOAN IN 2013 WAS $448. -- In 2013, Pro Mujer provided loans, savings programs, and other financial supports through more than 25,000 communal banks. -- The environment for poor women in Latin America has changed. Latin America now faces a double burden of disease in that it must both eradicate infectious diseases and address a tremendous rise in chronic diseases. Poor women are disproportionately affected. In response, Pro Mujer developed a new health service model to address specific and emergent health needs of poor women and delivered 1,144,196 health interventions and preventive screenings. -- Finally, Pro Mujers empowerment model includes both services to poor women and advancing women in the formal economy. Of nearly 2,100 employees, 69% in 2013 were women; 15% were former recipients of Pro Mujer's services. FORM 990, PART I, LINES 5 & 15 THE TOTAL SALARIES REPORTED ON FORM 990 ON PART I, LINE 15 AND PART IX, LINES 5-10 INCLUDES COMPENSATION OF BOTH U.S. AND FOREIGN EMPLOYEES. HOWEVER, PART, I, LINE 5 AND PART V, LINE 2A ONLY REPORT THE TOTAL NUMBER OF U.S. EMPLOYEES. IN ADDITION TO THE U.S. EMPLOYEES, PRO MUJER ALSO EMPLOYS APPROXIMATELY 1,895 FOREIGN EMPLOYEES. HOWEVER, PART, I, LINE 5 AND PART V, LINE 2A ONLY REPORT THE TOTAL NUMBER OF U.S. EMPLOYEES. IN ADDITION TO THE U.S. EMPLOYEES, PRO MUJER ALSO EMPLOYS APPROXIMATELY 1,895 FOREIGN EMPLOYEES.

Form 990, Part V PRO Mujer Mexico Entity Exclusion

Pro Mujer provides vital services to women throughout Latin America. Pro Mujer Mexico serves almost 40,000 women living in 38 communities spread throughout eight states in Mexico. Pro Mujer in Mexico is the only institution in Mexico that combines microfinance with women's health and empowerment training. The financial statements in Mexico, Nicaragua, Peru, Bolivia, and Argentina were previously combined on the 990. In order to comply with presentational requirements per Treasury Regulation 301.7701-3 Mexico is not included in the current year combined returns. As a result, Pro Mujer, Inc. has presented the financial statements for fiscal year 2012 and 2013 without Pro Mujer Mexico's operations. Pro Mujer Mexico's financial statement includes $8,401,679 in net income, $23,567,405 in assets, $17,732,927 in liabilities, and $5,834,478 in total net assets.

Form 990, Part V, Line 4B, List of Foreign Countries

Argentina, bolivia, mexico, nicaragua, peru

Form 990 Part IX Line 24 - Other Expenses

Description:events and advertising total expenses:44766 program services:25792 management and general:18974

Form 990 Part IX Line 24 - Other Expenses

Description:other/misc total expenses:1800175 program services:1752779 management and general:13455 fundraising:33941

Form 990 Part IX Line 24 - Other Expenses

Description:financial expense total expenses:446325 program services:412243 management and general:19960 fundraising:14122

Form 990 Part IX Line 24 - Other Expenses

Description:professional development total expenses:575499 program services:575499 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:training total expenses:295508 program services:295508 management and general:fundraising:

Form 990 Part IX Line 24 - Other Expenses

Description:allowance for loan losses total expenses:2646825 program services:2646825

Form 990 Part IX Line 24 - Other Expenses

Description:income taxes total expenses:1108333 program services:1108333

Financial Statement Notes

Part V, Line 4

All contributions to the endowment fund are to remain in-perpetuity. Investment income generated by the invested endowment fund may be used to support general operations. The revolving loan fund is to remain in-perpetuity and to be used solely for loans to pro mujer internationals field offices.

Part X, Line 2

For the years ended december 31, 2013 and 2012, pro mujer international has documented its consideration of fasb asc 740-10 (income taxes) and determined that there is an uncertain tax position with respect to pro mujer - peru which is discussed in the next paragraph. There are no other uncertain tax positions which require disclosure or recognition within the combined financial statements with respect to the other entities. As of december 31, 2013, the superintendencia nacional de administration tributaria (sunat) (peruvian internal revenue service) did not grant pro mujer - perus request to renew its exempted entity income tax certificate. Such certificate is necessary for pro mujer - peru to not pay income tax in peru. Sunat has argued, that given that pro mujer - peru amended its bylaws back in 2007, and given the wording of the amended bylaws, it can be construed in such a way that the tax exemption is not applicable as of 2007; thus, pro mujer - perus tax exemption has been revoked as of 2007 and onwards; exposing pro mujer - peru to a contingent liability for all income tax due for the years ended december 31, 2007 through december 31, 2012. Currently, sunat is seeking approximately $1,500,000 in income taxes for the years ended december 31, 2007 and 2008. However, management of pro mujer - peru,with the assistance of legal counsel, is vigorously contesting sunats position of revocation of its exempted entity income tax certificate, and to date, has been successful in having the request for payment of the 2007 and 2008 income taxes suspended pending the outcome of a hearing on the matter before the tax tribunal.

Part XI

Pro mujer mexico revenue $10,563,556 foreign currency translation $1,988,877 reclass fundraising expenses $297,480 ----------- total $12,849,913

Part XII

Pro mujer mexico expense $7,675,936 foreign currency translation $1,988,877 reclass fundraising expense $297,480 ---------- total $12,124,170

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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$272$233$39.2$66.7$68.8$2.14
2023Detailed filing. Detailed filing data is available for this year.$270$230$40.0$75.1$73.4$1.76
2022Detailed filing. Detailed filing data is available for this year.$256$206$49.1$73.8$59.0$14.8
2021Detailed filing. Detailed filing data is available for this year.$249$204$44.6$54.4$50.9$3.48
2020Detailed filing. Detailed filing data is available for this year.$221$181$40.8$46.5$46.0$0.53
2019Detailed filing. Detailed filing data is available for this year.$160$118$42.2$50.1$54.1$3.97
2018Detailed filing. Detailed filing data is available for this year.$156$104$52.1$52.9$56.7$3.88
2017Detailed filing. Detailed filing data is available for this year.$168$109$59.0$58.3$55.1$3.23
2016Summary only. Only limited summary data is available for this year.$158$107$51.0$51.8$51.9$0.08
2015Detailed filing. Detailed filing data is available for this year.$140$89.0$51.5$48.3$52.4$4.14
2014Detailed filing. Detailed filing data is available for this year.$156$101$55.4$55.0$54.7$0.32
2013Detailed filing. Detailed filing data is available for this year.$153$98.0$54.9$53.1$52.1$1.01
2012Summary only. Only limited summary data is available for this year.$165$107$58.6$61.3$51.7$9.60
2011Summary only. Only limited summary data is available for this year.$130$81.1$49.0$47.8$38.8$8.95
2010Summary only. Only limited summary data is available for this year.$88.6$48.6$40.0$31.6$28.0$3.59