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Fonkoze USA

 

Washington, DC

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Fonkoze USA

Physical Address:
Washington, DC 20009 
EIN:
52-2022113
Web URL:
www.fonkoze.org
Leadership:
Mr. John Mercier, Chief Executive

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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Forms 990 from IRS Additional Information IRS Form 990 is an annual document used by approximately one-third of all public charities to report information about their finances and operations to the federal government. GuideStar uses data from Form 990 to populate its database with financial information about nonprofit organizations. Posting Form 990 images on the GuideStar Web site is an ongoing process.

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Fiscal Year Starting: Jan 01, 2010
Fiscal Year Ending: Dec 31, 2010
Revenue
Total Revenue $4,838,731
Expenses
Total Expenses $4,050,835

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Basic Organization Information

Fonkoze USA

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 
Year Founded:
1997 
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!

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Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Revenue and Expenses

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Balance Sheet

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Financial SCAN

Financial SCAN

Key Financial SCAN Features

  • Financial Health Dashboard: Highlights key financial trends and ratios for a selected nonprofit organization over a period of up to five years.
  • Peer Comparison Dashboard: Compares the organization's financials with up to five peer nonprofits that you select.
  • Graphical Analysis: Provides multi-year graphs and an interpretive guide in a format ready to present to your clients.
  • Printable PDF Report: Provides a complete analysis of the organization for your records. The full report tells you what to look for and why it matters.
  • Advanced Search: Allows you to search by EIN (Employer Identification Number), organization name, city, state, revenue, expenses, and assets.


Forms 990 Provided by the Nonprofit

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Financial Statements

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Annual Reports

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Organizational Statistics

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Chief Executive

Mr. John Mercier

Term:

Since Apr 2006

Chief Executive 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

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Board of Directors

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Officers for Fiscal Year

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Highest Paid Employees & Their Compensation

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Program: Literacy and Life Skills

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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