Civic Intelligence

Pro Mujer Inc

EIN 98-0115409 • 501(c)3 • New York, NY

Profile

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. Pro mujer is a social enterprise; it has income generating units that are financially sustainable and does not have shareholders as part of its financial services operations. To provide holistic programs that go beyond financial services to support the most underserved populations, pro mujer depends on philanthropic capital.

515 Madison Avenue Suite 8030New York, NY 10022

www.promujer.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.86x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

3.49x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

23rd percentile

-3.2%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

14th percentile

$316,870

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

28th percentile

0.6%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-11%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Assets

Up

$271,825,068

Up $1,638,008 (+0.6%) from 2023

Liabilities

Up

$232,647,412

Up $2,420,691 (+1.1%) from 2023

Net Assets

Down

$39,177,656

Down $782,683 (-2.0%) from 2023

Revenue

Down

$66,652,586

Down $8,463,573 (-11%) from 2023

Expenses

Down

$68,791,634

Down $4,566,954 (-6.2%) from 2023

Net Income

Down

-$2,139,048

Down $3,896,619 (-222%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2024

Assets$271,825,068
Liabilities$232,647,412
Net Assets$39,177,656

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2024

Revenue$66,652,586
Expenses$68,791,634
Net Income-$2,139,048

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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 24, 2025
Return Version
2024v5.1
Gross Receipts
$66,652,586
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.

To provide financial inclusion, health and wellbeing, and entrepreneurship and skilling opportunities for underserved women in latin america, creating sustainable economic opportunities for these women, their families and their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$185,451,696$196,980,942▲ $11,529,246
Cash and Non-Interest-Bearing Accounts$37,436,835$25,844,361▼ $11,592,474
Investments in Publicly Traded Securities$24,701,411$20,751,864▼ $3,949,547
Land, Buildings, and Equipment, Net$5,098,321$5,744,324▲ $646,003
Intangible Assets$1,148,075$2,197,901▲ $1,049,826
Savings and Temporary Cash Investments$2,727,505$1,652,885▼ $1,074,620
Prepaid Expenses and Deferred Charges$3,272,290$1,381,573▼ $1,890,717
Accounts Receivable$293,242$0▼ $293,242
Pledges and Grants Receivable$241,500$40,784▼ $200,716
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$270,187,060$271,825,068▲ $1,638,008
Other Assets Total$9,816,185$17,230,434▲ $7,414,249
Liabilities
Mortgage Notes Payable Secured by Investment Property$181,301,077$196,730,678▲ $15,429,601
Accounts Payable and Accrued Expenses$33,892,988$21,903,043▼ $11,989,945
Other Liabilities$13,895,454$13,868,112▼ $27,342
Deferred Revenue$1,137,202$145,579▼ $991,623
Total Liabilities$230,226,721$232,647,412▲ $2,420,691
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,151,742$32,263,903▼ $887,839
Net Assets With Donor Restrictions$6,808,597$6,913,753▲ $105,156
Total Net Assets Fund Balance$39,960,339$39,177,656▼ $782,683
Total Liabilities and Net Assets / Fund Balance$270,187,060$271,825,068▲ $1,638,008

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,957,223$8,950,563$10,907,786
Buildings$2,355,750$369,328$2,725,078
Land$1,003,810-$1,003,810
Leasehold Improvements$427,541$482,210$909,751
Other Assets Org$2,853,483--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$150,948-▲ $3,274$3,274$150,948
2023$150,948-▲ $2,625$2,625$150,948
2022$150,948-▲ $1,661$1,661$150,948
2021$150,948-▲ $1,937$1,937$150,948
2020$150,948-▲ $8,434$8,434$150,948
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carmen CorreaCEOFT$303,600$13,270$316,870
Alexandra Blanco SejasBoard Advisor/general Counsel (thru 5/12/24)FT$123,739$68,038$191,777
Rolando SchmidtCFOFT$173,400$5,320$178,720
Maria Liliana Mor GaviriaDirector OF STRATEGIC P'SHIP & DEV (THRU 10/31/24)FT$119,202$44,216$163,418
Maria Cruz PemanChief Human Resources OfficerFT$122,040$6,710$128,750
Marcelo Antonio Mallea CastilloGeneral ManagerFT$113,702$10,496$124,198
Adolfo Diaz ValdezCOO (as of 12/1/24)FT$12,000-$12,000

Board Members and Trustees

NameTitle
Ana DemelChair
Vanessa DagerVice-chair
Adriana Rios WeltonAlternate Secretary
Alejandra MeglioliMember
Cinthia FernholzMember
Diego CristanchoMember
Estibalitz LaresgoitiMember
Jeffrey MacdonaghMember
Zelma Acosta-rubioMember
Mark GarayMember (as of 3/2024)
Scott TaitelMember (as of 3/2024)
Christine SwitzerMember (thru 9/2024)
Robert RosoneMember (thru 9/2024)
Sarah Leshner CarvalhoMember (thru 9/2024)
Mark R McmahonSecretary
Camilo MendezTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Global Business Service SaIt/hr/legal ConsultingECHEVARRIARZA 3535 APTO 1504, OFICIANA 1004, Montevideo, LA PAZ, Uy$1,116,353
Instituto Nicaraguense De Seguridad SocialSecurityAVENIDA SUROESTE BARRIO BOER, Managua, Nu$769,164
Accenture LimitadaAccounting & FinanceCR 7 71 52 TORRE A PISO 10, Ed Los Venados, Co$640,342
Oscar Fernando German Trujillo TejadaSecurityCALLE TOMASA MURILLO NO 77, Achumani, Bl$531,687
Servicio De Limpieza Flamingo SrlMaintenanceCALLE 26 B NO 5 ZONA, Los Pinos, Bl$289,356
Revenue and Support

Revenue Composition

Contributions and Grants
$4,785,100
Program Service Revenue
$57,132,674
Investment Income
$2,075,130
Other Revenue
$2,659,682
All Other Contributions
$4,785,100
Change in Net Assets
$-2,139,048

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$105,600Other - VENDOR LIST PRICE
Securities Publicly Traded1$51,215Other - market quotation
Total Noncash Contributions2$156,815-

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$47,584,328
Salaries, Compensation, and Employee Benefits$19,534,329
Grants and Similar Amounts Paid$1,672,977
Total Fundraising Expense$917,012
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,616,148$1,850,099$366,155$14,832,402
Interest$12,820,529$0$0$12,820,529
Fees for Services Other$3,708,863$2,242,879$55,817$6,007,559
All Other Expenses$4,337,728$381,484$50,531$4,769,743
Occupancy$3,058,039$241,685$563$3,300,287
Pension Plan Contributions$2,550,284$140,267$115$2,690,666
Depreciation Depletion$1,577,335$342,291$32,156$1,951,782
Other Employee Benefits$1,294,859$190,257$2,817$1,487,933
Advertising$1,022,924$130,211$229,961$1,383,096
Travel$1,008,587$151,871$39,519$1,199,977
Foreign Grants$942,977--$942,977
Other Expenses$836,530$0$0$836,530
Information Technology$696,548$109,506$14,143$820,197
Office Expenses$689,983$69,229$1,268$760,480
Grants to Domestic Orgs$730,000--$730,000
Fees for Services Accounting$0$569,562$0$569,562
Current Officers, Directors, Trustees, and Key Employees$439,513$58,222$9,855$507,590
Fees for Services Legal$0$139,688$0$139,688
Payroll Taxes$13,366$2,101$271$15,738
Total Functional Expenses$60,869,857$7,004,765$917,012$68,791,634

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Wasi Social Innovation IncNew York, NY501 (c) (3)General Support$675,000

International Summary

Offices
58
Employees
1,098
Spending
$44,794,561

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaProgram ServicesFinancial Services48818$33,173,089
Central America and the CaribbeanProgram ServicesFinancial Services10279$10,472,406
North America (Canada & Mexico only)Grantmaking-00$720,000
Central America and the CaribbeanProgram ServicesFinancial Services01$206,089
Central America and the CaribbeanGrantmaking-00$168,091
South AmericaGrantmaking-00$54,886
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$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal Income Taxes$6,984,965
Interest Payable$3,623,789
Investment Loss Liability$2,853,483
Operating Lease Liabilities$405,875
Foreign Tax Liability-
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 35% controlled entity
No
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
No
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, Line 15B

An evaluation is performed for key employees and other officers of the organization based on each individual's performance and the achievement of the goals of the organization (measured through an annual performance review process). Individual performance is evaluated and communicated in writing the retention value of keeping a key employee. Any adjustment to compensation is approved by the ceo and documented.

Form 990, Part VI, Line 11B Review of form 990 by governing body

Form 990 was prepared by a national accounting firm in conjunction with the organization's financial department. The form 990 was reviewed in detail by management and audit committee. After review, a copy of the final form 990 was provided to the full board of directors prior to filing with the internal revenue service.

Form 990, Part VI, Line 12C Conflict of interest policy

In all employment contracts, we include a conflict of interest statement and disclosure form. Furthermore, our conflict of interest 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 completes a conflict of interest form annually. 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, Line 15A Process to establish compensation of top management official

The board of directors is responsible for the performance evaluation of the ceo and has the responsibility to review the ceo compensation level against market data for similar positions at similar organizations. If it is determined that an increase in compensation is appropriate for the ceo, the chair of the board directs the director of h.r. And the cfo in writing to make the necessary adjustments to the ceo's compensation.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflict of interest policy and financial statements are made available to interested parties upon request, subject to approval by pro mujer.

Filing and Contact Details

Filer

Filer Name
Pro Mujer Inc
EIN
98-0115409
Phone
6466267000
Address
515 MADISON AVENUE SUITE 8030, NEW YORK, NY 10022

Signing Officer

Name
Bartolome Fullana
Title
CFO
Phone
6466267000
Signed
2025-09-24
Discuss with paid preparer
Yes

Organization Details

Formed
1990
Legal Domicile
Dc
Voting Board Members
13
Independent Board Members
13
Employees
3
Volunteers
16

Preparer

Firm
Bdo USA
Address
200 PARK AVE 38TH FLOOR, NEW YORK, NY 10166
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4 4A, 4B, and 4C

Pro mujer employed nearly 1,330 employees working in latin america in 2024, 64% were women. As of december 31, 2024, pro mujer's countries of operation and number of beneficiaries are: * argentina: 194 beneficiaries * bolivia: 116,518 beneficiaries * mexico: 5,364 beneficiaries * nicaragua: 36,925 beneficiaries * guatemala: 1,244 beneficiaries in 2024, pro mujer's impact spanned latin america through local programs and service delivery, digital initiatives, partnerships, investments, and generous donations. Pro mujer's women-centered, innovative programs focused on financial and digital inclusion, impact and gender lens investing, health and well-being, entrepreneurship and skill building opportunities, helping women start and grow businesses, lead healthier lives, and reach their full potential. In 2024, pro mujer provided: - $237 million in financial service products, - 529,000 primary health and well-being services, and - 220,000 skill-building opportunities for women -- pro mujer stewarded resources wisely: more than 84% of every dollar donated went to programs to serve-low income women. 2% supported fundraising and 14% supported management and administration.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

FOREIGN CURRENCY TRANSLATION ADJUSTMENT - 221069; CHANGE IN INVESTMENT EQUITY - -70461; INVESTMENT IN EQUITY - -350000; CURRENCY TRANSLATION ADJUSTMENT - 1649509; ADDBACK OF SHARED COST INCOME - 1394935; LOSS ON FOREIGN CURRENCY EXCHANGE - -2964219; Recognition of prior year asset capitalization - 1475532;

FORM 990, DECONSOLIDATION OF AUDITED FINANCIAL STATEMENTS:

For 2024, the following entities have been consolidated on the audited financial statements in accordance with u.s. Gaap, however for form 990 purposes have been deconsolidated: - wasi social innovation, inc. And its related entities - pro mujer mexico apoyo, a.c. (pro mujer - mexico ngo) - asociacion pro mujer de mexico, s.a. De c.v., sofom, enr (pro mujer - mexico) - pro mujer guatemala s.a. - pro mujer salud s.a. Wasi social innovation, inc. Is a 501(c)(3), which files its own federal form 990, and as such have been deconsolidated on the form 990. Pro mujer - mexico ngo is a foreign-recognized, not-for-profit in mexico and as such have been deconsolidated on the form 990. Pro mujer - mexico is a foreign-recognized corporation in mexico and as such have been deconsolidated on the form 990. Pro mujer guatemala s.a. Is a foreign-recognized corporation in guatemala and as such have been deconsolidated on the form 990. Pro mujer salud s.a. Is a foreign-recognized corporation in nicaragua and as such have been deconsolidated on the form 990.

PART I, LINES 5 & 15, PART V, LINE 2A & PART IX, LINES 5-10:

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 1,330 foreign employees.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

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.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

In accordance with gaap, an organization must recognize a tax liability associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. Pro mujer, inc does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. For the year ended december 31, 2024, there were no interest or penalties recorded or included in the accompanying consolidated statements of activities.

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