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Fonkoze USA Organization Name provided in the GuideStar Exchange* as of 06/12/2012: Fonkoze USA

Organization Name as listed in the IRS Business Master File as of 06/09/2014: FONKOZE USA INC

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Washington, DC
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GuideStar Summary

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&1002; Registered with IRS Legitimacy information is available
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&1002; Forms 990 2012, 2011, and 2011 Forms 990 filed with the IRS
&1002; Mission Objectives Mission Statement is available
&1002; Impact Summary Impact Summary from the nonprofit is not available
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Basic Organization Information

Fonkoze USA Organization Name provided in the GuideStar Exchange* as of 06/12/2012: Fonkoze USA

Organization Name as listed in the IRS Business Master File as of 06/09/2014: FONKOZE USA INC

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Physical Address: Washington, DC 20009 
EIN: 52-2022113
Web URL: www.fonkoze.org 
NTEE Category: Q International, Foreign Affairs, and National Security
Q32 International Economic Development
Q International, Foreign Affairs, and National Security
Q02 Management & Technical Assistance
Q International, Foreign Affairs, and National Security
Q12 Fund Raising and/or Fund Distribution
Ruling Year: 1997 


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Mission Statement

Fonkoze, a micro finance insitution, seeks to build the economic foundations for democracy in Haiti. Fonkoze has 40 branches, at least one in each department of Haiti. Fonkoze provides the rural poor with access to financial, health and education services that are not available in the rural areas. Over 99% of Fonkoze's clients are women!

Legitimacy Information

This organization is registered with the IRS.

This organization is required to file an IRS Form 990 or 990-EZ.

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Annual Revenue & Expenses (IRS Form 990, January 2012)

Fiscal Year Starting: January 01, 2012
Fiscal Year Ending: December 31, 2012

Total Revenue $4,838,829
Total Expenses $3,457,803

Revenue & Expenses

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Balance Sheet (IRS Form 990)

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Forms 990 Received from the IRS Additional Information
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Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Leadership (GuideStar Exchange,
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June 2012)

Mr. John Mercier

Term:

Since Apr 2006

Profile:

John Mercier has been involved in fundraising as a Development Specialist, nonprofit CEO and Senior Consultant. After a twenty-five year career with YMCAs across the country, he established the JM Advancement Organization in Essex, Connecticut in 1990 and relocated to Sarasota, Florida in 1991. A recognized leader in non-profit management and fundraising, John has been involved in healthcare and YMCA capital campaigns, fraternal organization consulting, endowment development, and recently with Agape Flights serving missionaries in Haiti and the Dominican Republic. His experience includes conducting major capital programs. John Mercier?s career includes six years of service with the YMCA of Buffalo & Erie County, where he was Associate General Executive (Operations) and Director of Community Relations. He later became President & CEO of the YMCA of Greater Waterbury, Connecticut and Vice President for Operations, Programs, Grants, & Membership of the YMCA of Greater New York. A graduate of Clark University, Worcester, MA, he is a Founding Member and Past Chair of the Association of Philanthropic Counsel (APC). He is a longtime member of the Association of Fundraising Professionals and was a Charter Member of the Connecticut Chapter. )

Board Chair (GuideStar Exchange,
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June 2012)

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Board of Directors (GuideStar Exchange,
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June 2012)

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Officers for Fiscal Year (IRS Form 990)

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Highest Paid Employees & Their Compensation (IRS Form 990)

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People information was last updated by the nonprofit in June 2012

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Programs

Program: Literacy and Life Skills (GuideStar Exchange,
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June 2012)

Budget:
$500,000
Category:
Education
Population Served:
Females, all ages or age unspecified
Female Adults

Program Description:

Five eduational modules are offered: Basic Literacy, Business Skills, Health and Disease Prevention, Environmental Protection and Sustainable Agriculture, and Children's Rights.

Program Long-Term Success:

Participants are moved out of poverty.

Program Short-Term Success:

Literacy and life skills help women run a micro-business much more efficiently.

Program Success Monitored by:

Social Performance Management staff in Haiti.

Program Success Examples:

Fanm se Poto Mitan             “Poto mitan” is an architectural term. It refers to a building’s central support post, its mainstay. “Fanm se poto mitan” means “women are the mainstays.” It’s the name of a large Fonkoze credit center in Gwomòn, a small city in northern Haiti. The center has about 65 members, all businesswomen who support their families through micro enterprises they run themselves. Fonkoze supplies them with the credit that they need to sustain their businesses and make them grow.             But Fonkoze offers more than just credit. It offers them educational programs as well. In Gwomòn, the programs have been financed with support of the International Foundation. Like over 50% of all Haitians, most of Fanm se Poto Mitan’s members are illiterate. They never went to school, never learned to read or write. Fonkoze trained four of the center’s members to teach its four-month Basic Literacy class. Now every member of the center can sign her name.             Some of the members, however, had been to school before. They were ready for something more than Basic Literacy. So Fonkoze trained one of them, Ycleda, to teach its Business Development Skills class. The class teaches basic good business practices, and participants in Gwomòn say it’s been helping them a lot.             “I never really had control of the money I was spending. I go to the market and sell some merchandise and wonder where my profit was. I didn’t think to keep track of money I was spending on food and drink while I was in the market. I figured that the money just disappeared,” one participant said.             “I learned how to calculate prices to make sure I make a profit by including all the costs of purchasing, not just the price of the merchandise I buy.             “I never really knew how much merchandise I had. Each time I went buying, I’d just pile what I bought on top of what I already had. Now I always take inventory before I buy,” added another.             “The lessons I learned about keeping control of my business apply at home as well. I used to just toss whatever ingredients I had into the meals I cooked. Now I put in what I need and save the rest. It’s helping me save money every day,” said a third.             The center’s members hope to keep learning. Right now, some of them are taking Basic Literacy 2, and others are taking Health Education. Some say they’d like to learn cooking or sewing, but most say that they’re looking forward to whatever Fonkoze decides to offer next. The classes teach them important life skills, but they do much more. They develop solidarity and leadership in the credit center, as the women learn to learn from one another.
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Impact Summary from the Nonprofit

This organization has not provided an impact summary.

Expert Assessment

Fonkoze is a Haitian NGO which has also set up a nonprofit microfinance bank. It is the largest microfinance operation in Haiti and played a major role in supporting post-earthquake recovery in Haiti. The organization is dedicated to serving the poorest populations, and is extremely responsive to the needs of their clients, offering a wide-range of services, many of which are not financially-based. Fonkoze is known to be an innovative organization. Read More »

Expert Reviews and Comments

2012 Philanthropedia Top Nonprofit

This organization is a 2012 Philanthropedia top nonprofit, recommended by experts as having high impact.

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Evidence of Impact

Fonkoze is a Haitian NGO which has also set up a nonprofit microfinance bank. It is the largest microfinance operation in Haiti and played a major role in supporting post-earthquake recovery in Haiti. The organization is dedicated to serving the poorest populations, and is extremely responsive to the needs of their clients, offering a wide-range of services, many of which are not financially-based. Fonkoze is known to be an innovative organization.

Haiti -Based
Fonkoze, as Haiti's leading microfinance institution, operates in the most difficult environment in the Western Hemisphere and is engaged in a variety of innovative initiatives, including the implementation of the world's first hybrid catastrophe / micro(re)insurance program. Other
Fonkoze is a Haitian NGO which has also set up a nonprofit microfinance bank. It is the largest microfinance operation in Haiti, reaching many tens of thousands of very poor Haitians with financial services that improve lives of clients and their families, and communities. Fonkoze has been a major player in supporting post-earthquake recovery in Haiti, an institution that really works in the midst of much dysfunction throughout the country. Moreover, Fonkoze has been a crucible for innovation to help people who are beyond the reach of normal microfinance operations. Their innovations have influenced the thinking of the global microfinance community about what is possible for supporting the self-help efforts of the poor. Nonprofit Senior Staff
Responsive to Client Needs
Fonkoze outreaches to the poorest populations. They offer their clients diversity of products, services, and support. Nonprofit Senior Staff
Fonkoze has had a major impact, not just as a financial intuition, but also in many aspects of their clients' lives. To develop and deliver services and products and to build an institution in the socio-economic and political unrest of Haiti, is almost impossible. But Fonkoze did it. For thousands of women and their families, Fonkoze is the only answer and hope they have. Their impact is also evident in the fact that they have reached every region of Haiti, including the areas not even the local authorities go. Their holistic approach to fighting poverty with the variety of services they offer such as: loans, savings, remittances, information, education, and learning business skills, is making possible the transformation of its client members. In the words of one of their clients, Fonkoze is building “Solid Women” because they feel that they are becoming stable. Nonprofit Senior Staff
They have a dedication to the ultra-poor, and offer the appropriate services beyond mere loans. Researcher and Faculty
Fonkoze is a foundation working in the poorest country of the Americas. They have substantial systems for targeting and monitoring client feedback. Other
They have complete dedication to helping the poor throughout Haiti with a full suite of financial and non-financial services where necessary and appropriate. Researcher and Faculty
Dedicated to Improvement
They continually examine their work and its impact on the poor, and then innovate to find solutions to the problems they find. Nonprofit Senior Staff

Organizational Strengths

Many experts note that Fonkoze has strong leadership. The organization’s leadership is dedicated and good at what they do. Fonkoze keeps the needs of the clients at the core of everything they do. They structure their programming and all of their operations around developing approaches that are truly useful to their clients. That drive, coupled with Fonkoze’s knack for evaluation and risk-taking, has helped the organization develop its strong culture of innovation. Fonkoze is also connected to the global microfinance dialog, where they have been a positive influence on the movement as a whole.

Strong Leadership
Fonkoze's management team, led by Anne Hastings, is best in class. Anne's expertise is unparalleled in the industry and her devotion to the institution's cause is supreme. Fonkoze has also developed a proven track record of innovation and resiliency, serving as an irreplaceable vehicle in the recovery effort in Haiti after the devastating 2010 earthquake. Other
Their CEO is absolutely dedicated to ensuring that the organization is effective in addressing poverty. They have strong management and organizational systems. Nonprofit Senior Staff
They have a strong leadership and dedicated staff. The organization is also exceptionally realistic about limitations in finance by itself. Researcher and Faculty
Culture of Innovation
The organization is highly innovative and great at risk-taking. Also, research and development that is designed to improve clients' lives is part of their every day operations. Nonprofit Senior Staff
Client-Driven
They achieved a big impact with the segmentation of its client members. They are offering different services to each segment, making sure that they are receiving the kind of services that they need to lift themselves out of poverty. For example, the “ultra poor program” is giving opportunities to women that otherwise would be living in the worst conditions that one can imagine. Given the difficult social environment that exists in Haiti, the efficient way with which the group methodology has been implemented in Fonkoze has represented a wonderful response for the clients and their families. They have found in their groups a sort of “belonging” and “protection”, and a guaranty for client retention for the institution. Nonprofit Senior Staff
Fonkoze has stood by its clients through periods of natural disaster in Haiti. They also have strong leadership and social performance monitoring. Other
Globally Networked
Fonkoze is blessed with very capable and inspired leadership, who have built a remarkably effective global network of support for their funding, operations, and innovation. They also participate in major global initiatives to improve the social performance of microfinance. Together, these two initiatives enable Fonkoze to have significant positive influence on the direction of the microfinance industry around the world. Fonkoze is strong mainly in offering an inspiring example of microfinance in action in Haiti. Fonkoze has also been a prominent voice in global policy debates, on a par with Pro Mujer. Nonprofit Senior Staff

Areas for Improvement

In order to improve on the great work they’re doing, Fonkoze needs to spend time preparing for the future. Quite a few experts predict that the inevitable transition into new leadership will be quite difficult for the organization. They will want to be particularly mindful of that transition. The organization also needs to work on becoming more financially sustainable, as the organization relies quite heavily on external donations now. Fonkoze could also improve by strengthening their financial management skills and improving staff retention.

Plan for Growth and Transition
The organization relies perhaps too heavily on its leadership for direction. Additionally, the organization's operations are not yet self-sustaining, meaning it still relies to an extent on donations. Other
They have a succession plan for the CEO. Nevertheless, it is extremely difficult to find a qualified person that can take over the institution. It would be convenient to find someone from Haiti that could be prepared to take the responsibility. They also need to build a larger base of “social investors”, who could help Fonkoze face the difficult challenges they have on a permanent basis. Nonprofit Senior Staff
Fonkoze faces the inevitable transition of leadership, and there is no clear heir apparent for the current leader, an American, Anne Hastings. Also, Fonkoze has yet to figure out how to financially sustain a massive scale-up of its project to reach out to and support extremely poor people to become economically active. Nonprofit Senior Staff
Their growth has not been tremendous, although they are the largest provider in Haiti. Researcher and Faculty
Improve Finance & Operations
They could improve their financial management, and their ability to attract and retain local leaders. Nonprofit Senior Staff
They could improve staff retention, and would benefit from an internal audit. Other
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