Pro Mujer Inc.

“During the reporting period management became aware that a fraud occurred beginning in JUNE 2022 through MAY 2023 at Fundacin PRO MUJER IFD (a single member disregarded entity in BOLIVIA, reported on Schedule R). The fraud was related to certain field employees (non-officers) who were providing incorrect and or fraudulent information to help facilitate the approval of loans to individuals who were not qualified borrowers. Management hired a professional firm that investigated and determined the amount of loss was approximately $460,000. The employees who were involved with the issue were terminated and reported to local authorities. Fundacin PRO MUJER IFD instituted a new and enhanced loan review and approval process to help strengthen controls.”

“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.”

“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.”

“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. For key employees of the organization and other officers, an evaluation is performed 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.”

“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.”

“For 2023, 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) - asociacin pro mujer de mxico, 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.”

“creating sustainable economic opportunities for these women, their families and their communities.”

“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 1,570 foreign employees.”

“PRO MUJER EMPLOYED NEARLY 972 EMPLOYEES WORKING IN LATIN AMERICA IN 2023, 61.9% WERE WOMEN. AS OF DECEMBER 31, 2023, PRO MUJER'S COUNTRIES OF OPERATION AND NUMBER OF BENEFICIARIES ARE: * ARGENTINA: 9,037 BENEFICIARIES * BOLIVIA: 124,624 BENEFICIARIES * MXICO: 16,579 BENEFICIARIES * NICARAGUA: 40,810 BENEFICIARIES * GUATEMALA: 1,310 BENEFICIARIES In 2023, 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 2023, PRO MUJER PROVIDED: - $286 MILLION IN FINANCIAL SERVICE PRODUCTS, - 480,000 PRIMARY HEALTH AND WELL-BEING SERVICES AND PREVENTIVE HEALTH EDUCATION ACTIVITIES, AND - 208,500 SKILL BUILDING OPPORTUNITIES FOR WOMEN -- PRO MUJER STEWARDED RESOURCES WISELY: MORE THAN 85% OF EVERY DOLLAR DONATED WENT TO PROGRAMS TO SERVE-LOW INCOME WOMEN. 3% SUPPORTED FUNDRAISING AND 13% SUPPORTED MANAGEMENT AND ADMINISTRATION.”

“Foreign currency translation adjustment...................$ (647,537.) change in investment equity...............................$ 149,719. Investment in equity......................................$ (1,605,205.) currency translation adjustment...........................$ 2,278,657. Consolidation in equity...................................$ (6,614,332.) addback of shared cost income.............................$ 1,111,227. Loss on foreign currency exchange.........................$ (5,582,584.) adjustment of net assets for pm guatemala.................$ (4,587.) --------------- total.....................................................$ (10,914,642.)”