Mce Social Capital
Nonprofit profile at a glance
- EIN
- 203154063
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- San Francisco, CA, USA
- Phone
- 4152304330
- Rating
- 69
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $7,968,721
- Expenses
- $7,585,215
- Assets
- $106,422,180
- Liabilities
- $98,384,478
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- CAMILLA NESTOR (CEO)
Highest reported compensation
- CAMILLA NESTOR (CEO): $289,094 total reported compensation
- GENEVIEVE R LLAMZON (GENERAL COUNSEL & COO, SEC): $194,224 total reported compensation
- CATHERINE COVINGTON (MAN DIR & CHIEF BUS DEV OFFICER): $193,968 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To generate economic opportunities for women and families in underserved communities throughout the developing world.
What it reported doing in 2024
During 2024, mce social capital issued a combined $52 million in new loans to 39 financial service providers and small and growing businesses. At the end of 2024, mce's total outstanding portfolio of loans was $96 million held by 67 fsps and sgbs. This capital will be used to support the development of businesses and social enterprises in 34 countries around the world. Since disbursing its first loan in 2006, mce has financed loans for 138 fsps and 36 sgbs in 51 countries.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most filed governance safeguards are in place. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 54
- Accountability: 82
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78%; rating input score 78
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: $3.73 raised per $1 spent on fundraising; rating input score 11; 11th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 70%; rating input score 70; 11th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.8%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 14.03; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.92; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 18.4%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: 11.6% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: 10.8% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 10% per year; rating input score 100; 58th percentile among comparable filings
Details
- Where the money goes: 78% of revenue deployed · 85.8% of spending went to programs
- Governance: 14 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $6.5M in reported program spending
- Leadership: top reported pay $289K · 28 people listed · 3 of 6 pay-setting controls reported
- Consistency: 33 of 34 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, foreign activity, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 20 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 11/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.
- High — Sustainability: Officer compensation ratio scored 14/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.