Overview
What is Visionfund International?
Visionfund International is a nonprofit organization, established to support World Vision International by supplying funds to microfinance institutions (MFIs) in underdeveloped countries. These MFIs, affiliated with World Vision, extend small loans to individuals and groups in need, who lack access to traditional banking facilities and commercially oriented microfinance services. By doing so, Visionfund International aims to help alleviate poverty and generate employment opportunities for the underprivileged. As of September 30, 2022, Visionfund International had loaned a total of $86,561,705 to its MFI partners.
Is Visionfund International legitimate?
Visionfund International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Visionfund International 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: $829,383
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,742,314
For more financial information, click here
What is the mission statement of Visionfund International?
VisionFund International (VFI) serves the purpose of bolstering World Vision International (WVI) by managing and providing financing to microfinance institutions affiliated with World Vision, which are situated in developing countries. These microfinance institutions (MFIs) are primarily dedicated to extending microloans to individuals and communities who are deprived of conventional banking services, with the goal of reducing poverty and generating employment opportunities for the underprivileged. VFI's mission aligns with this objective by facilitating funding and cooperation between WVI and its affiliated MFIs, enabling them to provide essential financial services and contribute to economic growth in developing communities.
Who is the CEO of Visionfund International?
Kai Hutans is the Interim Cfo of Visionfund International. The CEO's salary of Visionfund International is $260,123 and their total compensation is $278,932.
What is the revenue of Visionfund International?
Visionfund International's revenue in 2022 was $21,489,900.
Who are the executives of Visionfund International and what are their salaries?
- Andrew Morley (Board Of Director)
- Jean Baptiste Kamate (Board Of Director)
- Edgar S Martinez (President And Ceo) [Trustee/Director]
- Stephen Lockley (Board Of Director)
- Tim Burgett (Assistant Secretary)
- Christopher Laurent (Cfo)
- Sally O'Neil (Chief Of Strategy)
- Richard Reynolds (Global Director Of Operations And Portfolio)
- Adrian Merryman (Chief Development And Impact Investment Officer)
- Elizabeth Haegelin (Assistant Secretatry)
- Annelise Thornton (Global Director, People & Culture)
- Matthew Harvey (Secretary)
- Launce Moses (Regional Head, Asia)
- John Chamberlain (Financial Operations And Transformation Director)
- Kai Hutans (Interim Cfo)
- James Bere Jr (Board Chairman) [Trustee/Director]
- Suanne Deboer Miedema (Board Vice-Chairperson) [Trustee/Director]
- Petronella Chigara Dhitima (Board Of Director)
- Chris Glynn (Board Of Director)
- Luis Hermosa (Board Of Director)
- Katherine Lam (Board Of Director)
- Emma Osborne (Board Of Director)
- Tifanny T F Huang (Board Of Director)
- Dennis Weibling (Board Of Director)
Where can I find the form 990 for Visionfund International?
The Visionfund International’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Visionfund International
VisionFund International (VFI) is a charitable organization dedicated to collaborating with and financially supporting the microfinance institutions affiliated with World Vision International (WVI), located in developing countries. The primary objective of these microfinance institutions (MFIs) is to extend small loans to individuals and communities who lack access to traditional banking facilities and commercially oriented microfinance services. By providing these financial resources, VFI aims to alleviate poverty and stimulate the creation of employment opportunities for those living in impoverished conditions.
Through its network of MFIs, VisionFund International empowers individuals and groups in developing countries to improve their livelihoods. By offering accessible microfinance services, these institutions enable their clients to invest in small businesses, agriculture, education, and other ventures that can lead to economic stability and self-sufficiency. In doing so, VFI plays a critical role in addressing the root causes of poverty and promoting sustainable, long-term development.
VisionFund International's mission is grounded in the belief that every person deserves the opportunity to break free from the cycle of poverty. By providing financial resources and support to microfinance institutions, VFI enables its clients to build better futures for themselves and their families. With a focus on empowering the poor, VisionFund International is making a difference in the lives of countless individuals around the world.
Impact
This information is meant to be a general summary of Visionfund International. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
VisionFund International's impact is felt in developing countries where individuals and groups lack access to traditional banking services. By extending loans through affiliated microfinance institutions, VisionFund International is able to help alleviate poverty and create employment opportunities for the poor. Through its partnership with World Vision International, VisionFund International plays a crucial role in supporting micro-enterprise lending and empowering communities to improve their livelihoods.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fee income
Revenue
$2,782,805
Organization Details
Founding Year
2003
Phone
(626) 303-8811
Principal Officer
Kai Hutans
Main Address
800 West Chestnut Avenue, Monrovia, CA, 91016
NTEE Category
Code: T11 - Philanthropy
If you are a representative of Visionfund International and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.