Friends of Microfinance Ltd
Nonprofit profile at a glance
- EIN
- 205797722
- IRS 990-EZ coverage
- 2010–2014
- Forms available
- Form 990-EZ 2014, Form 990-N 2013
- Location
- Woburn, MA, USA
- Phone
- 7819392500
- Rating confidence
- Limited
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- VIDAR J JORGENSEN (PRESIDENT)
People named in this filing
- VIDAR J JORGENSEN (PRESIDENT)
- VIDAR J JORGENSEN (TREASURER)
- VIDAR J JORGENSEN (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Developing a support system enabling poorer individuals to access financial services and information to better their financial situation. The organization focuses on key areas such as; supporting microfinance institutions, harnessing the power of technology, connecting microfinance institutions with capital markets and expanding microfiance industry knowledge. Activities include, but are not limited to, the creative use of video, broadcast, and internet technology in developing communication centers, internt site, and media interface applications
What it reported doing in 2014
Programs supported include microfinance institutions, harnessing the power of technology, connecting microfinance institutions with capital markets, and expanding microfinance industry.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: NotEnoughData
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 44.9% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: -34% per year; rating input score 0; 36th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 1 of 1 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2010 to 2014
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.