2016-09-07T20:17:13-05:00 2015-12-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2015-01-01 980115409 Pro MujerInc % NORMA SEGURA PROM 6466267000 253 West 35th Street 11th Floor New York NY 100011907 MARIA CAVALCANTI President & CEO 6466267000 2016-09-06 true RAYMOND LY P01205643 7032868000 2016-09-06 2015 2016-12-15 16:53:06Z MARIA CAVALCANTI 235 W 35th Street 11th Fl New York NY 10001 48736087 false X www.promujer.org X 1990 NY WE LEVERAGE FINANCIAL INCLUSION TO CREATE SUSTAINABLE ECONOMIC, HEALTH AND SOCIAL OPPORTUNITIES FOR UNDERSERVED WOMEN, THEIR FAMILIES AND COMMUNITIES IN LATIN AMERICA. 17 16 36 0 0 0 8782612 4135521 47799274 46354813 8304 16888 -1570584 -2244053 55019606 48263169 151432 201216 0 0 26653948 24433269 0 0 1954000 27897978 27771874 54703358 52406359 316248 -4143190 156191734 140454089 100800085 88951454 55391649 51502635 X PRO MUJER EMPOWERS UNDERSERVED WOMEN IN LATIN AMERICA TO REALIZE THEIR FULL POTENTIAL. WE ARE A WOMENS DEVELOPMENT ORGANIZATION, SERVING MORE THAN A QUARTER OF A MILLION WOMEN. WE PROVIDE FINANCIAL SERVICES, LIFE-SAVING PREVENTATIVE HEALTHCARE, AND EDUCATION AND BUSINESS TRAINING. false false 47137665 43532297 SEE SCHEDULE O 47137665 true true false false false false false false false true true false false false false true true true false true true false false true true false false false false true false false false false false false false false true false false false true true true false false false true X 63 0 true 36 true false false false false false true true false false false false X 17 16 false false false false false false false true true false true true true true true true true true true true false AL AK AR CA CO CT FL GA HI IL KS KY MD MA MI MN MS MO NH NJ NY NC OK OR PA RI SC TN UT VA WV WI X X NORMA SEGURA 6466267000 253 West 35th Street 11th Floor New York NY 10001 ZELMA ACOSTA-RUBIO MEMBER 2.0 0.0 X 0 0 0 RUTH COWAN FOUNDING CHAIR & DIR. EMERITA 2.0 0.0 X 0 0 0 ANA DEMEL CHAIR & SECRETARY 4.0 0.0 X X 0 0 0 JOEL EPSTEIN MEMBER 2.0 0.0 X 0 0 0 NANCY HARRIS MEMBER 2.0 0.0 X 0 0 0 GAIL LANDIS CHAIR 5.0 0.0 X X 0 0 0 MARY MCCAFFREY TREASURER 3.0 0.0 X X 0 0 0 MARK MCMAHON MEMBER/INTERIM CEO 40.0 0.0 X X 52500 0 0 BONNIE MESSING MEMBER 2.0 0.0 X 0 0 0 GILLIAN SHEPHERD MESTRE MEMBER 2.0 0.0 X 0 0 0 MATTHEW PATSKY MEMBER 2.0 0.0 X 0 0 0 ROSARIO PEREZ PRESIDENT & CEO 40.0 0.0 X X 151634 0 540 HELENA RIBE MEMBER 2.0 0.0 X 0 0 0 MARIA RICHTER MEMBER 2.0 0.0 X 0 0 0 ROBERT ROSONE MEMBER 2.0 0.0 X 0 0 0 TOM WALDRON MEMBER 2.0 0.0 X 0 0 0 JANET WANG MEMBER 2.0 0.0 X 0 0 0 JONATHAN G WEISS MEMBER 2.0 0.0 X 0 0 0 ROSEMARY WERRET DIRECTOR EMERITA 2.0 0.0 X 0 0 0 EVAN LAMBERT CHIEF FINANCIAL OFFICER 40.0 0.0 X 180846 0 29993 SHON MORRIS CHIEF TALENT OFFICER 40.0 0.0 X 128875 0 29157 SUSAN KOTCHER CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 220202 0 21736 RODOLFO MEDRANO CHIEF OPERATING OFFICER 40.0 0.0 X 256353 0 31306 LARA BROOK GENERAL COUNSEL 40.0 0.0 X 117298 0 33675 CAMILO MENDEZ INVESTMENT OFFICER 40.0 0.0 X 126807 0 28413 LYNNE PATTERSON CO-FOUNDER & DIR.EMERITA 40.0 0.0 X 112475 0 22307 JANA SMITH DIR. HEALTH SERVICES 40.0 0.0 X 118609 0 13308 DEBORAH STERN DIRECTOR OF MAJOR GIFTS 40.0 0.0 X 111727 0 10824 1577326 0 221259 10 false true false SOFTWARE GROUP BG LTD 115 N TSARIGRADSKO SHOSSE SOFIA 0 BU 1784 CONSULTING SERVICES 689155 PROSEGURIDAD SA AV LOS PROCERES NO 250 SURCO LIMA 0 PE SECURITY SERVICES 241264 SYNET SOLUTIONS INC 306 WEST 94th STREET STE 415 NEW YORK NY 10025 TECHNOLOGY SUPPORT 240280 MICRO INSURANCE CENTRE LLC 1045 N LYNNDALE DR SUITE 2E APPLETON WI 54914 CONSULTING SERVICES 172795 ECARESOFT INC 327 CONGRESS AVENUE SUITE 200 AUSTIN TX 78701 CONSULTING SERVICES 162870 7 179250 3956271 141143 4135521 PROGRAM FINANCIAL SERVICES 900099 43145494 43145494 PROGRAM HEALTH SERVICES 900099 3209319 3209319 46354813 16888 16888 0 0 0 0 0 277675 296021 -18346 755360 179250 176897 578463 578463 0 0 CURRENCY TRANSLATION 900099 -2822516 -2822516 -2822516 48263169 43532297 577005 0 0 201216 201216 0 1094200 433774 450899 209527 0 15762787 13940898 978618 843271 2501278 2181490 201188 118600 5075004 4689677 270067 115260 0 0 381853 381853 251216 251216 0 0 0 2874559 2754863 53423 66273 0 2403099 2188092 149118 65889 0 0 3975703 3628436 237786 109481 1183606 1183606 0 0 7525074 7525074 0 1689069 1574957 90176 23936 464113 410753 33458 19902 ALLOWANCE FOR LOAN LOSSES 2533567 2533567 FOREIGN INCOME TAXES 1101682 1101682 OTHER PROGRAM OPERATING EXP. 954760 954760 INCOME TAXES OTHER 675571 655873 19698 1758002 1178947 197194 381861 52406359 47137665 3314694 1954000 29813100 13125704 4306627 3691193 2872586 1526332 207837 332177 0 0 0 0 110475610 113945449 0 0 0 0 11334042 6478840 5160072 4855202 0 0 587806 608426 0 0 1706233 1007249 1061863 1362357 156191734 140454089 15746819 15020581 0 0 0 0 0 0 0 0 0 0 85053266 73930873 0 0 0 0 100800085 88951454 X 48502915 47701072 6504254 3660690 384480 140873 55391649 51502635 156191734 140454089 -4143190 -18354 272530 X X false true X true false X 6417508 4475631 6540059 11930154 8727496 38090848 33683436 50979475 42427444 35869120 37627317 200586792 0 0 0 40100944 55455106 48967503 47799274 46354813 238677640 1771679 1478785 2751216 3768675 2150421 11920776 0 1771679 1478785 2751216 3768675 2150421 11920776 226756864 208967 353588 33 16888 579476 0 208967 353588 33 16888 579476 0 1167761 1239082 2406843 41477672 57047776 48967503 47799307 46371701 241663959 0.93832 0.94080 0.00240 0.00299 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 384480 15402 259009 140873 367101 10336 7043 384480 367101 367101 349658 17443 367101 367450 -17792 349658 1.00000 false false 300503 300503 1753668 350636 1403032 984765 618049 366716 6761465 4479598 2281867 1533641 1030557 503084 4855202 0 0 X 62622918 -18354 272530 14105573 14359749 48263169 48263169 67192199 14785840 14785840 52406359 52406359 PART V, LINE 4 ALL 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. IN 2015, UPON REVIEW OF THE ENDOWMENT, IT WAS NOTED THAT $243,607 WAS INCORRECTLY RECORDED AS PERMANENTLY IN PRIOR YEAR. THIS AMOUNT WAS RELEASED DURING 2015 AND IS REPORTED AS RELEASE FROM RESTRICTIONS ON THE CONSOLIDATED STATEMENT OF ACTIVITIES. PART X, LINE 2 AS OF DECEMBER 31, 2015, THE SUPERINTENDENCIA NACIONAL DE ADMINISTRATION TRIBUTARIA (SUNAT) (PERUVIAN INTERNAL REVENUE SERVICE) DID NOT GRANT PRO MUJER - PERUS REQUEST TO RENEW ITS EXEMPTED ENTITY INCOME TAX CERTIFICATE. SUCH CERTIFICATE IS NECESSARY FOR PRO MUJER - PERU TO NOT PAY INCOME TAX IN PERU. PERU, WITH THE ASSISTANCE OF LEGAL COUNSEL, IS VIGOROUSLY CONTESTING SUNATS POSITION OF REVOCATION OF ITS EXEMPTED ENTITY INCOME TAX CERTIFICATE, AND TO DATE, HAS BEEN SUCCESSFUL IN HAVING THE REQUEST FOR PAYMENT OF THE 2007 AND 2008 INCOME TAXES SUSPENDED PENDING THE OUTCOME OF A HEARING ON THE MATTER BEFORE THE TAX TRIBUNAL. AS OF DECEMBER 31, 2015, PRO MUJER- PERU HAS RECORDED A LIABILITY OF $1, 745,799 AS A TAX LIABILITY WHICH IS INCLUDED AS OTHER LONG-TERM LIABILITIES IN THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THERE ARE NO OTHER UNCERTAIN TAX POSITIONS WHICH REQUIRE DISCLOSURE OR RECOGNITION WITHIN THE CONSOLIDATED FINANCIAL STATEMENTS WITH RESPECT TO THE OTHER ENTITIES. Form Sch D Part XI Line 2d PRO MUJER MEXICO REVENUE $ 11,283,057 FOREIGN CURRENCY TRANSLATION $ 2,822,516 ----------- TOTAL $ 14,105,573 Form Sch D Part XII Line 2d PRO MUJER MEXICO EXPENSE $11,963,324 FOREIGN CURRENCY TRANSLATION $ 2,822,516 ----------- TOTAL $14,785,840 false South America 86 1129 Program Services Financial and Health 28028879 Central America and the Caribbean 15 423 Program Services Financial and Health 8292149 North America 1 36 Program Services Financial and Health 9507912 102 1588 102 1588 45828940 45828940 false false true false false false X X X X X X true Gnarly Bay Productions Inc 12 High Street Riverwalk Unit Westerly RI 02891 Video false 8450 8450 The Pierre New York 2 East 61st street New York NY 10065 Venue false 116822 116822 King Cole Audio Visual Services 47-59 49 Street Woodside NY 11377 Audio Visual false 17198 17198 Yvonne Cecilia Domenge Gaudry Sculptures false 4800 4800 Camy Calve Events 152 W 57 Street New York NY 10019 Mujer Givin Women Cr. false 21348 21348 168618 168618 AL AK AZ AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI WOMEN CREDIT 934610 179250 755360 116822 17198 42877 0 934610 179250 755360 116822 17198 42877 176897 578463 X X false false false false false false false false false LARA BROOK GENERAL COUNSEL 117298 0 0 0 0 0 2538 0 31137 0 150973 0 0 0 SUSAN KOTCHER CHIEF DEVELOPMENT OFFICER 215202 0 5000 0 0 0 5654 0 16082 0 241938 0 0 0 EVAN LAMBERT CHIEF FINANCIAL OFFICER 180846 0 0 0 0 0 0 0 29993 0 210839 0 0 0 RODOLFO MEDRANO CHIEF OPERATING OFFICER 222209 0 34144 0 0 0 0 0 31306 0 287659 0 0 0 CAMILO MENDEZ INVESTMENT OFFICER 126807 0 0 0 0 0 1125 0 27288 0 155220 0 0 0 SHON MORRIS CHIEF TALENT OFFICER 128875 0 0 0 0 0 1869 0 27288 0 158032 0 0 0 ROSARIO PEREZ PRESIDENT & CEO 151634 0 0 0 0 0 0 0 540 0 152174 0 0 0 X 8 141143 FMV false false false Form 990 Part III Line 4a In 2015, Pro Mujer served over 250,000 poor women in Latin. -- Pro Mujer stewarded resources wisely: More than 89% of every dollar donated went to programs to serve low-income women. 4% supported fundraising. 7% supported management and administration. -- PRO MUJER PROVIDED LOW-INCOME WOMEN WITH LOANS WHICH WE USED TO EXPAND AND DEVELOP THEIR BUSINESSES. THE AVERAGE LOAN IN 2015 WAS $534. -- In 2015, Pro Mujer provided loans, savings programs, and other financial supports through more than 26,000 communal banks. -- Finally, Pro Mujers empowerment model includes both services to poor women and advancing women in the formal economy. Of nearly 2,100 employees, 69% in 2015 were women; 15% were former recipients of Pro Mujer's services. As of December 31, 2015, Pro Mujers countries of operation and number of beneficiaries are: *Argentina: 8,875 Beneficiaries *Bolivia: 114,532 Beneficiaries *Mexico: 40,313 Beneficiaries *Nicaragua: 49,875 Beneficiaries *Peru: 39,447 Beneficiaries FORM 990, PART I, LINES 5 & 15 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 2,000 FOREIGN EMPLOYEES. Form 990 Part VI Line 11b THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CFO, CEO AND THE AUDIT COMMITTEE. Form 990 Part VI Line 12c IN ALL OF OUR EMPLOYMENT CONTRACTS, WE INCLUDE A CONFLICT OF INTEREST STATEMENT AND DISCLOSURE FORM. FURTHERMORE, OUR CONFLICT OF INTERESTS 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 HAS TO COMPLETE A CONFLICT OF INTEREST FORM EACH YEAR. 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 Line 15b THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR THE PERFORMANCE EVALUATION OF THE CEO AND ARE ALSO CHARGED WITH THE RESPONSIBILITY OF REVIEWING THE CEO COMPENSATION LEVELS AGAINST MARKET DATA FOR SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. IF IT IS DETERMINED THAT AN INCREASE IN SALARY IS APPROPRIATE FOR THE CEO, THE CHAIR OF THE BOARD DIRECTS THE DIRECTOR OF H.R. IN WRITING TO MAKE THE NECESSARY ADJUSTMENTS TO THE CEOS SALARY. FOR KEY EMPLOYEES OF THE ORGANIZATION AND OTHER OFFICERS, AN EVALUATION IS BASED ON EACH INDIVIDUALS PERFORMANCE AGAINST THEIR GOALS (MEASURED THROUGH AN ANNUAL PERFORMANCE REVIEW PROCESS) AND MARKET SALARIES. THE CEO BRINGS THE PROPOSED CHANGE TO THE BOARDS EXECUTIVE COMMITTEE FOR REVIEW, TOGETHER WITH THE PERTINENT PERFORMANCE AND MARKET SALARY DATA FOR THAT POSITION. THE BOARD APPROVES CHANGES IN COMPENSATION FOR THE CEO, AS PREVIOUSLY DESCRIBED. APPROVALS BY THE CEO AND THE EXECUTIVE COMMITTEE OF THE BOARD ARE NEEDED. DOCUMENTATION: INDIVIDUAL PERFORMANCE AGAINST GOALS, AS EVIDENCED IN THE ANNUAL PERFORMANCE REVIEW, AND SALARY MARKET DATA FOR COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS IN A COMPARABLE GEOGRAPHIC AREA ARE REQUIRED PARTS OF THE DOCUMENTATION PROCESS, AS IS THE RETENTION VALUE OF KEEPING A KEY EMPLOYEE. GENERALLY, THIS IS DONE AT THE END OF THE YEAR, BUT, IN RARE OCCASIONS, IT IS DONE IN MID-YEAR OR WHEN UPDATED COMPENSATION MARKET DATA BECOMES AVAILABLE THAT IS SIGNIFICANTLY DIFFERENT FROM OUR SALARY RANGES. Form 990 Part VI Line 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT GENERALLY AVAILABLE TO THE PUBLIC. THESE DOCUMENTS ARE MADE AVAILABLE TO INTERESTED PARTIES UPON REQUEST, SUBJECT TO THE APPROVAL BY PRO MUJER. Part XII, Line 2a PRO MUJER'S FINANCIAL STATEMENTS ARE COMPILED ON A CONSOLIDATED BASIS. PRO MUJER SEPARATE REPORTING PRO MUJER PROVIDES VITAL SERVICES TO WOMEN THROUGHOUT LATIN AMERICA. PRO MUJER MEXICO SERVES ALMOST 41,000 WOMEN LIVING IN 41 COMMUNITIES SPREAD THROUGHOUT EIGHT STATES IN MEXICO. PRO MUJER IN MEXICO IS THE ONLY INSTITUTION IN MEXICO THAT COMBINES MICROFINANCE WITH WOMEN'S HEALTH AND EMPOWERMENT TRAINING. THE FINANCIAL STATEMENTS IN ARGENTINA, BOLIVIA, NICARAGUA, MEXICO AND PERU WERE PREVIOUSLY CONSOLIDATED ON THE 990. IN ORDER TO COMPLY WITH PRESENTATIONAL REQUIREMENTS PER TREASURY REGULATION 301.7701-3 MEXICO IS NOT INCLUDED IN THE CURRENT YEAR CONSOLIDATED RETURNS. AS A RESULT, PRO MUJER, INC. HAS PRESENTED THE FINANCIAL STATEMENTS FOR FISCAL YEAR 2013-2015 WITHOUT PRO MUJER MEXICO'S OPERATIONS. PRO MUJER MEXICO'S FINANCIAL STATEMENTS INCLUDES $680,267 IN NET INCOME, $20,540,379 IN ASSETS, $15,749,362 IN LIABILITITES, AND $4,791,017 IN TOTAL NET ASSETS. 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