2024-10-08T11:19:40-05:00 2023-12-31 BDO USA 200 PARK AVENUE 38TH FLOOR NEW YORK NY 10166 990 2023-01-01 980115409 PRO MUJER INC % ROLANDO SCHMIDT PROM 6466267000 515 MADISON AVENUE Suite ste 8030 NEW YORK NY 10022 CARMEN CORREA CEO 6466267000 2024-10-07 true true Paul Hammerschmidt P01384178 2128858000 2023 2024-10-15 13:58:12Z CARMEN CORREA 515 MADISON AVENUE 8TH FLOOR NEW YORK NY 10022 75116159 false X WWW.PROMUJER.ORG X 1990 DC TO PROVIDE FINANCIAL INCLUSION, HEALTH AND WELLBEING, AND entrepreneurship AND skilling opportunities for underserved women in Latin America, (continued on schedule o) 14 14 2 16 0 0 11176473 7180910 60206034 58822250 1802178 5300074 606645 3812925 73791330 75116159 2075513 1152209 0 0 21460504 22258632 0 0 1122124 35486202 49947747 59022219 73358588 14769111 1757571 255520518 270187060 206403108 230226721 49117410 39960339 X PRO MUJER EMPOWERS UNDERSERVED WOMEN IN LATIN AMERICA TO REALIZE THEIR FULL POTENTIAL. WE ARE A WOMEN'S DEVELOPMENT ORGANIZATION, SERVING MORE THAN A QUARTER OF A MILLION WOMEN. PRO MUJER IS A SOCIAL ENTERPRISE; IT HAS INCOME GENERATING UNITS THAT ARE FINANCIALLY SUSTAINABLE AND DOES NOT HAVE SHAREHOLDERS AS PART OF ITS FINANCIAL SERVICES OPERATIONS. TO PROVIDE HOLISTIC PROGRAMS THAT GO BEYOND FINANCIAL SERVICES TO SUPPORT THE MOST UNDERSERVED POPULATIONS, PRO MUJER DEPENDS ON PHILANTHROPIC CAPITAL. false false 62783382 638318 57997649 FINANCIAL SERVICES - Since 1990, Pro Mujer has promoted financial inclusion among women who lack access to traditional financial institutions. Services include savings, loans, and insurance, with a focus on new products and knowledge sharing in gender and impact investing. To date, Pro Mujer has disbursed over $4.4 billion dollars in small loans and investment to women in Latin America. (SEE SCHEDULE O) 3230304 460000 0 Entrepreneurship and Skilling - Pro Mujer facilitates the empowerment of women through programs that provide opportunities to strengthen skills in financial management, business planning, digital skills, and leadership. Pro Mujer is building a one-stop platform for women's economic empowerment in Latin America, leveraging philanthropic capital, technology, and partnerships to have regional impact. (SEE SCHEDULE O) 382059 53891 824601 Health and Well-being - Pro Mujer provides access to low-cost, high-quality health services, including preventive health education, cancer screenings, lab tests, ultrasounds and dental care, in neighborhoods where women live and work. Furthermore, Pro Mujer works to prevent gender-based violence through holistic services that support women in vulnerable situations. To date, Pro Mujer has provided over 10 million health interventions thanks to generous contributions of philanthropic capital. (SEE SCHEDULE O) 66395745 true true false false false false false false false true true false false false true true false true false true true true false false false false false true false true false false false false false false false false false false false false true true true true false false true X 33 0 true 2 true false true AR BL GT NU false false false false false false false false false false X 14 14 false false false true false false false true true false true true true true true true true true true false false AL AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X ROLANDO SCHMIDT 6466267000 515 MADISON AVENUE 8TH FLOOR new york NY 10022 X Carmen Correa CEO 40.0 2.0 X 384100 0 14350 ROLANDO SCHMIDT CHIEF FINANCIAL OFFICER 40.0 2.0 X 199617 0 8231 Maria Liliana Mor Gaviria Dir. of p'ship & development 40.0 0.0 X 170028 0 0 Alexandra Blanco Sejas Board Advisor/General counsel 40.0 2.0 X 148867 0 13235 Maria Cruz Peman Chief Human Resources Officer 40.0 0.0 X 140812 0 9094 Sergio Augusto Fernandez GENERAL MANAGER 40.0 0.0 X 128718 0 0 Ana Demel Chair 5.0 5.0 X X 0 0 0 Vanessa Dager Vice-Chair 5.0 0.0 X X 0 0 0 Camilo Mendez Treasurer 5.0 0.0 X X 0 0 0 Mark R McMahon Secretary 3.0 3.0 X X 0 0 0 Adriana Rios Welton Alternate Secretary 2.0 0.0 X X 0 0 0 Zelma Acosta-Rubio Member 2.0 2.0 X 0 0 0 Jennifer Mary Brooks Member (thru 3/23) 2.0 0.0 X 0 0 0 Sarah Leshner Carvalho Member (as of 2/23) 2.0 0.0 X 0 0 0 Diego Cristancho Member 2.0 0.0 X 0 0 0 Cinthia Fernholz Member 2.0 0.0 X 0 0 0 Estibalitz Laresgoiti Member 2.0 0.0 X 0 0 0 Jeffrey MacDonagh Member 2.0 0.0 X 0 0 0 Alejandra Meglioli Member 2.0 0.0 X 0 0 0 Gillian Shepherd Mestre Member (thru 3/23) 2.0 0.0 X 0 0 0 Robert Rosone member 2.0 0.0 X 0 0 0 Christine Switzer member 2.0 0.0 X 0 0 0 1172142 0 44910 6 false true false GLOBAL BUSINESS SERVICE SA ECHEVARRIARZA 3535 APTO 1504 MONTEVIDEO 0 UY 11300 IT/HR/LEGAL CONSULT. 1432561 ACCENTURE LIMITADA PASEO DE TAMARINDOS 90 BOSQUES DE LAS LOMA 0 MX 05120 ACCOUNTING & FINANCE 1278405 OSCAR FERNANDO GERMAN TRUJILLO TEJA CALLE TOMASA MURILLO NO 77 ACHUMANI LA PAZ BL security 485119 SERVICIO DE LIMPIEZA FLAMINGO SRL CALLE 26 B NO 5 ZONA LOS PINOS 0 BL maintenance 299413 TELECEL SA CALLE BELISARIO SALINAS NO 470 PLAZA ABAROA SANTA CRUZ BL communications 261298 12 7000 7173910 2886 7180910 PROGRAM FINANCIAL SERVICES 900099 58030106 58030106 PROGRAM HEALTH SERVICES 900099 792144 792144 58822250 5300074 5300074 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 WRITE-OFF OF OTHER LIABILITIES 900099 1659112 1659112 OTHER OPERATING INCOME 900099 2153813 2153813 3812925 75116159 58822250 9112999 360982 360982 0 791227 791227 0 938428 810889 103869 23670 0 16432970 13950029 1952851 530090 2114569 2008561 105728 280 2757894 2451286 299600 7008 14771 12516 1863 392 0 329983 329983 1798704 1432561 366143 0 0 0 6896765 5437084 1201922 257759 711538 493681 138454 79403 753535 678594 71157 3784 1278405 1054370 184474 39561 0 3564513 3282468 282045 1277257 1086022 121440 69795 0 0 12152528 12152528 0 1711709 1527878 180957 2874 0 ALLOWANCE FOR LOAN LOSSES 8376178 8376178 OTHER PROG & OPERATIONAL EXP. 5793861 5636958 96818 60085 MISCELLANEOUS TAXES 2066769 1877367 189402 FOREIGN INCOME TAXES 824639 824639 2411363 2149927 214013 47423 73358588 66395745 5840719 1122124 33816440 37436835 3803847 2727505 63785 241500 1080939 293242 0 0 0 0 176233535 185451696 0 0 3538851 3272290 14581829 9483508 4219497 5098321 20300238 24701411 0 0 1098106 0 1753232 1148075 9612048 9816185 255520518 270187060 9571023 33892988 0 0 3670196 1137202 0 0 0 0 0 0 176123966 181301077 0 0 17037923 13895454 206403108 230226721 X 40145505 33151742 8971905 6808597 49117410 39960339 255520518 270187060 X 1757571 -10914642 X false true X true false X 1074030 2198364 4503608 11176473 7180910 26133385 0 0 1074030 2198364 4503608 11176473 7180910 26133385 4898303 21235082 0 0 1061531 1802178 5300074 8163783 0 583856 1962555 1829943 606645 3812925 8795924 43093092 256816140 0.49277 0.58971 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150948 2625 2625 150948 150948 1661 1661 150948 150948 1937 1937 150948 150948 8434 8434 150948 150948 5015 5015 150948 1.00000 false false 750281 750281 2017153 439281 1577872 927037 475657 451380 10887358 8568570 2318788 5098321 0 INTEREST PAYABLE 8181813 FOREIGN TAX LIABILITY 822306 INVESTMENT LOSS LIABILITY 3695623 OPERATING LEASE LIABILITIES 1195712 13895454 X PART V, LINE 4: CONTRIBUTIONS TO THE ENDOWMENT FUND ARE TO REMAIN IN-PERPETUITY. INVESTMENT INCOME GENERATED BY THE INVESTED ENDOWMENT FUND MAY BE USED TO SUPPORT GENERAL OPERATIONS. PART X, LINE 2: In accordance with GAAP, an organization must recognize a tax liability associated with tax positions taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by a taxing authority. Pro Mujer, Inc does not believe it has taken any material uncertain tax positions and, accordingly, it has not recorded any liability for unrecognized tax benefits. For the year ended December 31, 2023, there were no interest or penalties recorded or included in the accompanying consolidated statements of activities. true South America 51 829 Program Services FINANCIAL SERVICES 31891711 Central America and the Caribbean 10 280 Program Services FINANCIAL SERVICES 10795625 North America 0 0 Grantmaking 737336 South America 0 0 Grantmaking 53891 61 1109 61 1109 43478563 43478563 North America FINANCIAL & 737336 wire South America health services 53891 WIRE 2 true false true false false false PART I, LINE 2: PRO MUJER, INC MAKES GRANTS TO TWO RELATED ORGANIZATIONS, PRO MUJER MEXICO APOYO AC AND Fundacin Pro Mujer IFD. THE FUNDS ARE USED IN LINE WITH PRO MUJER, INC TAX-EXEMPT PURPOSES. PRO MUJER, INC ALSO MAKES GRANTS TO OTHER EXTERNAL ORGANIZATIONS. TO ENSURE THE APPROPRIATE EXECUTION OF FUNDS, PRO MUJER, INC CONDUCTS MONTHLY MEETINGS AND, AT TIMES, BI-MONTHLY MEETINGS WITH GRANTEES' LEADERSHIP. THE GRANTEE PRESENTS A MONTHLY REPORT, INCLUDING A FINANCIAL REPORT, THAT PRO MUJER, INC REVIEWS WITH THE GRANTEES' LEADERS AND PROGRAM DIRECTOR. PRO MUJER, INC ALSO CONDUCTS SITE VISITS, AS NEEDED, TO ENSURE THAT THE PROJECT IS COMPLETING OUTLINED MILESTONES. true WASI SOCIAL INNOVATION INC 515 MADISON AVE 8TH FL NEW YORK NY 10022 824473371 501(C)(3) 350000 GENERAL SUPPORT 1 PART I, LINE 2: PRO MUJER, INC GRANTS FUNDS THAT ARE USED IN LINE WITH THE ORGANIZATIONS TAX-EXEMPT PURPOSES. X X false false false false false false false false false ROLANDO SCHMIDT CHIEF FINANCIAL OFFICER 173400 0 26217 0 0 0 0 0 8231 0 207848 0 0 0 Carmen Correa CEO 303600 0 80500 0 0 0 0 0 14350 0 398450 0 0 0 Alexandra Blanco Sejas Board Advisor/General counsel 132354 0 11056 0 5457 0 0 0 13235 0 162102 0 0 0 Maria Liliana Mor Gaviria Dir. of p'ship & development 147000 0 23028 0 0 0 0 0 0 0 170028 0 0 0 FORM 990, DECONSOLIDATION OF AUDITED FINANCIAL STATEMENTS: FOR 2023, THE FOLLOWING ENTITIES HAVE BEEN CONSOLIDATED ON THE AUDITED FINANCIAL STATEMENTS IN ACCORDANCE WITH U.S. GAAP, HOWEVER FOR FORM 990 PURPOSES HAVE BEEN DECONSOLIDATED: - WASI SOCIAL INNOVATION, INC. AND ITS RELATED ENTITIES - PRO MUJER MEXICO APOYO, A.C. (PRO MUJER - MEXICO NGO) - ASOCIACIN PRO MUJER DE MXICO, S.A. DE C.V., SOFOM, ENR (PRO MUJER - MEXICO) - PRO MUJER GUATEMALA S.A. - PRO MUJER SALUD S.A. WASI SOCIAL INNOVATION, INC. IS A 501(C)(3), WHICH FILES ITS OWN FEDERAL FORM 990, AND AS SUCH HAVE BEEN DECONSOLIDATED ON THE FORM 990. PRO MUJER - MEXICO NGO IS A FOREIGN-RECOGNIZED, NOT-FOR-PROFIT IN MEXICO AND AS SUCH HAVE BEEN DECONSOLIDATED ON THE FORM 990. PRO MUJER - MEXICO IS A FOREIGN-RECOGNIZED CORPORATION IN MEXICO AND AS SUCH HAVE BEEN DECONSOLIDATED ON THE FORM 990. PRO MUJER GUATEMALA S.A. IS A FOREIGN-RECOGNIZED CORPORATION IN GUATEMALA AND AS SUCH HAVE BEEN DECONSOLIDATED ON THE FORM 990. PRO MUJER SALUD S.A. IS A FOREIGN-RECOGNIZED CORPORATION IN NICARAGUA AND AS SUCH HAVE BEEN DECONSOLIDATED ON THE FORM 990. FORM 990, PART I, LINE 1 (CONTINUATION): creating sustainable economic opportunities for these women, their families and their communities. FORM 990, PART I, LINES 5 & 15, PART V, LINE 2A & PART IX, LINES 5-10: THE TOTAL SALARIES REPORTED ON FORM 990 ON PART I, LINE 15 AND PART IX, LINES 5-10 INCLUDES COMPENSATION OF BOTH U.S. AND FOREIGN EMPLOYEES. HOWEVER, PART I, LINE 5 AND PART V, LINE 2A ONLY REPORT THE TOTAL NUMBER OF U.S. EMPLOYEES. IN ADDITION TO THE U.S. EMPLOYEES, PRO MUJER ALSO EMPLOYS APPROXIMATELY 1,570 FOREIGN EMPLOYEES. FORM 990, PART III, LINES 4A-4C: PRO MUJER EMPLOYED NEARLY 972 EMPLOYEES WORKING IN LATIN AMERICA IN 2023, 61.9% WERE WOMEN. AS OF DECEMBER 31, 2023, PRO MUJER'S COUNTRIES OF OPERATION AND NUMBER OF BENEFICIARIES ARE: * ARGENTINA: 9,037 BENEFICIARIES * BOLIVIA: 124,624 BENEFICIARIES * MXICO: 16,579 BENEFICIARIES * NICARAGUA: 40,810 BENEFICIARIES * GUATEMALA: 1,310 BENEFICIARIES In 2023, Pro Mujer's impact spanned Latin America through local programs and service delivery, digital initiatives, partnerships, investments, and generous donations. Pro Mujer's women-centered, innovative programs focused on financial and digital inclusion, impact and gender lens investing, health and well-being, entrepreneurship and skill building opportunities, helping women start and grow businesses, lead healthier lives, and reach their full potential. IN 2023, PRO MUJER PROVIDED: - $286 MILLION IN FINANCIAL SERVICE PRODUCTS, - 480,000 PRIMARY HEALTH AND WELL-BEING SERVICES AND PREVENTIVE HEALTH EDUCATION ACTIVITIES, AND - 208,500 SKILL BUILDING OPPORTUNITIES FOR WOMEN -- PRO MUJER STEWARDED RESOURCES WISELY: MORE THAN 85% OF EVERY DOLLAR DONATED WENT TO PROGRAMS TO SERVE-LOW INCOME WOMEN. 3% SUPPORTED FUNDRAISING AND 13% SUPPORTED MANAGEMENT AND ADMINISTRATION. FORM 990, PART VI, SECTION A, LINE 5: During the reporting period management became aware that a fraud occurred beginning in JUNE 2022 through MAY 2023 at Fundacin PRO MUJER IFD (a single member disregarded entity in BOLIVIA, reported on Schedule R). The fraud was related to certain field employees (non-officers) who were providing incorrect and or fraudulent information to help facilitate the approval of loans to individuals who were not qualified borrowers. Management hired a professional firm that investigated and determined the amount of loss was approximately $460,000. The employees who were involved with the issue were terminated and reported to local authorities. Fundacin PRO MUJER IFD instituted a new and enhanced loan review and approval process to help strengthen controls. FORM 990, PART VI, SECTION B, LINE 11B: FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FORM 990 WAS REVIEWED IN DETAIL BY MANAGEMENT AND AUDIT COMMITTEE. AFTER REVIEW, A COPY OF THE FINAL FORM 990 WAS PROVIDED TO THE FULL BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: IN ALL EMPLOYMENT CONTRACTS, WE INCLUDE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM. FURTHERMORE, OUR CONFLICT OF INTEREST POLICY IS COVERED IN OUR ON-BOARDING POLICY AND IS PART OF OUR NEW-HIRE ORIENTATION AT ALL LEVELS OF THE ORGANIZATION. IN ADDITION TO THIS, THE BOARD OF DIRECTORS COMPLETES A CONFLICT OF INTEREST FORM ANNUALLY. SHOULD A CONFLICT OF INTEREST ARISE, OUR PROCEDURES CALL FOR CONTACTING OUR GENERAL COUNSEL AND CEO AND, TOGETHER WITH H.R., WE MEET WITH THE PERSON IN QUESTION TO RESOLVE ANY ISSUES PROMPTLY AND SATISFACTORILY. FORM 990, PART VI, SECTION B, LINES 15A AND 15B: THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE PERFORMANCE EVALUATION OF THE CEO AND HAS THE RESPONSIBILITY TO REVIEW THE CEO COMPENSATION LEVEL AGAINST MARKET DATA FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. IF IT IS DETERMINED THAT AN INCREASE IN COMPENSATION IS APPROPRIATE FOR THE CEO, THE CHAIR OF THE BOARD DIRECTS THE DIRECTOR OF H.R. AND THE CFO IN WRITING TO MAKE THE NECESSARY ADJUSTMENTS TO THE CEO'S COMPENSATION. FOR KEY EMPLOYEES OF THE ORGANIZATION AND OTHER OFFICERS, AN EVALUATION IS PERFORMED BASED ON EACH INDIVIDUAL'S PERFORMANCE AND THE ACHIEVEMENT OF THE GOALS OF THE ORGANIZATION (MEASURED THROUGH AN ANNUAL PERFORMANCE REVIEW PROCESS). INDIVIDUAL PERFORMANCE IS EVALUATED AND COMMUNICATED IN WRITING THE RETENTION VALUE OF KEEPING A KEY EMPLOYEE. ANY ADJUSTMENT TO COMPENSATION IS APPROVED BY THE CEO AND DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO INTERESTED PARTIES UPON REQUEST, SUBJECT TO APPROVAL BY PRO MUJER. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENT...................$ (647,537.) CHANGE IN INVESTMENT EQUITY...............................$ 149,719. INVESTMENT IN EQUITY......................................$ (1,605,205.) CURRENCY TRANSLATION ADJUSTMENT...........................$ 2,278,657. CONSOLIDATION IN EQUITY...................................$ (6,614,332.) ADDBACK OF SHARED COST INCOME.............................$ 1,111,227. LOSS ON FOREIGN CURRENCY EXCHANGE.........................$ (5,582,584.) ADJUSTMENT OF NET ASSETS FOR PM GUATEMALA.................$ (4,587.) --------------- TOTAL.....................................................$ (10,914,642.) 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