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Grameen America Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208497991 ✦ Jackson heights, NY ✦ Designated as a 501(c)(3)

Overview

What is Grameen America Inc?

Grameen America Inc is a dedicated nonprofit organization based in the United States that empowers women living in poverty by providing them with microloans, essential training, and ongoing support. This enabling them to establish and grow small businesses, ultimately leading to improved living conditions for their families. The mission of Grameen America is to uplift and transform the lives of these women through entrepreneurship and financial independence.


Official website here: www.grameenamerica.org

Is Grameen America Inc legitimate?

Grameen America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grameen America Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,533,070
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,389,482

For more financial information, click here


Official website here: www.grameenamerica.org

What is the mission statement of Grameen America Inc?

Grameen America is committed to empowering low-income entrepreneurial women in the US. Their mission is to offer microloans, training, and ongoing support to help these women establish small businesses, which in turn, enables them to improve their family's lives. Through this initiative, Grameen America aims to create sustainable opportunities for women living in poverty, providing them with the means to build a better future. The organization's programs equip these women with the necessary skills and resources to develop and grow their businesses, ensuring they have the tools to succeed financially and personally.


Official website here: www.grameenamerica.org

Who is the CEO of Grameen America Inc?

Andrea Jung is the President & Ceo of Grameen America Inc. The CEO's salary of Grameen America Inc is $463,879 and their total compensation is $478,356.


Official website here: www.grameenamerica.org

What is the revenue of Grameen America Inc?

Grameen America Inc's revenue in 2022 was $46,396,843.


Official website here: www.grameenamerica.org

Who are the executives of Grameen America Inc and what are their salaries?

The average compensation at Grameen America Inc during 2022 was $43,644. There are 319 employees and 12 volunteers at Grameen America Inc.

Here are 24 key members and their salaries (Grameen America Inc's CEO's salary is $463,879 and their total compensation is $478,356):

    Andrea Jung (President & Ceo) [Trustee/Director]
  • Compensation: $463,879
  • Related: $0
  • Other: $14,477

    • David Gough (Executive Vice President & Cfo)
  • Compensation: $425,076
  • Related: $0
  • Other: $18,088

    • Diana Sacchi (Chief Human Resources Officer)
  • Compensation: $263,832
  • Related: $0
  • Other: $26,948

    • Patricia Choi (Chief Technology Officer)
  • Compensation: $255,918
  • Related: $0
  • Other: $4,227

    • Habib Chowdhury (Vp, National Operations)
  • Compensation: $208,209
  • Related: $0
  • Other: $33,797

    • Alethia Mendez (Division President)
  • Compensation: $217,772
  • Related: $0
  • Other: $18,477

    • Miriam Benitez Nieves (Sec. & Vp Of Legal)
  • Compensation: $203,115
  • Related: $0
  • Other: $21,367

    • Marcus Berkowitz (Chief Product & Innovation Officer)
  • Compensation: $198,602
  • Related: $0
  • Other: $16,233

    • Rajitha Swaminathan (Vp, Program Strategy & Member Svcs)
  • Compensation: $182,451
  • Related: $0
  • Other: $13,774

    • Jill Monum (Vp, Development & Marketing)
  • Compensation: $181,841
  • Related: $0
  • Other: $9,002

    • Professor Muhammad Yunus (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $8,105

    • John F Megrue (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vidar J Jorgensen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael D Granoff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Pritzker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mahmoud Mamdani (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hope Knight (Director (Thru 01/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Antonia Hernandez (Director (Thru 10/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Benjamin Farkas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Abdul Hai Khan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Annibale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nandita Bakhshi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Dickerson Fouche (Director (As Of 10/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer R Jackson (Director (As Of 10/2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.grameenamerica.org

    Where can I find the form 990 for Grameen America Inc?

    The Grameen America Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.grameenamerica.org

    Learn more at the official website: www.grameenamerica.org

    Mission Statement of Grameen America Inc

    Grameen America, a dedicated organization, is committed to uplifting low-income entrepreneurial women in the United States. With a mission to provide microloans, training, and support, Grameen America empowers women living in poverty to establish small businesses and enhance their family's livelihoods.

    By extending access to essential financial resources and practical training, Grameen America enables women to overcome economic challenges and pave the way for a better future. Through its innovative approach, the organization fosters a culture of self-reliance and fosters financial stability for those it serves.

    Grameen America's holistic programs go beyond just offering loans, as it recognizes the importance of providing continuous support to its members. With a strong commitment to community development, the organization ensures that the women it serves have the tools and resources needed to build thriving businesses and improve their overall well-being.

    Impact

    This information is meant to be a general summary of Grameen America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Grameen America Inc empowers low-income entrepreneurial women by providing them with microloans, training, and support to establish small businesses, ultimately improving their quality of life and that of their families. The organization's impact can be seen in the transformation of women who are able to build sustainable businesses, generate income, and contribute positively to their communities. By fostering economic independence and entrepreneurship among marginalized women, Grameen America Inc is creating a ripple effect of empowerment and community improvement.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $242,751
  • Program Service Revenue: $29,834,476
  • Gross Receipts: $46,427,113

    • Assets and Liabilities:
  • Total Assets: $278,769,129
  • Total Liabilities: $128,932,655
  • Net Assets: $149,836,474
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INTEREST ON MICROLOANS

    Revenue

    $29,834,476

    Organization Details

    Founding Year

    2007

    Principal Officer

    Andrea Jung

    Main Address

    82-11 37TH AVENUE 607, JACKSON HEIGHTS, NY, 11372

    NTEE Category

    Code: S43 - Community improvement

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