2015-11-16T14:46:29-06:00 2014-12-31 KPMG LLP 1676 International Drive McLean VA 22102 990 2014-01-01 980115409 Pro MujerInc % NORMA SEGURA PROM 6466267000 253 West 35th Street 11th Floor New York NY 100011907 MARK MCMAHON INTERIM CEO 6466267000 2015-11-16 true RAYMOND LY P01205643 7032868000 2014 2016-04-25 22:37:26Z Mark McMahon 235 W 35th Street 11th Fl New York NY 10001 55297281 false X www.promujer.org X 1990 NY PRO MUJER TRAIL BLAZES NEW PATHS FOR POOR WOMEN IN LATIN AMERICA. WE PROVIDE ACCESS TO FINANCIAL SERVICES, LIFESAVING HEALTHCARE, AND EDUCATION AND BUSINESS TRAINING. 17 16 36 0 0 0 6409669 8782612 48967503 47799274 -95283 8304 -2155967 -1570584 53125922 55019606 247533 151432 0 0 23888247 26653948 16898 0 1047340 27965611 27897978 52118289 54703358 1007633 316248 157995465 156191734 103082527 100800085 54912938 55391649 X PRO MUJER TRAIL BLAZES NEW PATHS FOR POOR WOMEN IN LATIN AMERICA. WE FUEL LEADERSHIP, EMPOWER WOMEN TO TRANSFORM THEIR LIVES, AND IGNITE GREATER SOCIAL AND ECONOMIC OPPORTUNITIES FOR THEIR FAMILIES BY PROVIDING ACCESS TO FINANCIAL SERVICES, LIFESAVING HEALTH CARE, AND EDUCATION AND BUSINESS TRAINING. false false 51842788 46228690 SEE SCHEDULE O 51842788 true true false false false false false false false true true false false false false true true true false true true false false true false false false false false true false false false false false false false false false false false false true true true false false false true X 52 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 false 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 NM 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 GAIL LANDIS CHAIR 5.0 0.0 X X 0 0 0 MARY MCCAFFREY TREASURER 4.0 0.0 X X 0 0 0 HELENA RIBE MEMBER 2.0 0.0 X 0 0 0 KATHLEEN CORBET MEMBER 2.0 0.0 X 0 0 0 ANA DEMEL SECRETARY 4.0 0.0 X X 0 0 0 JOEL EPSTEIN INTERIM VICE-CHAIR 4.0 0.0 X X 0 0 0 MARIA JESUS HUME 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 JONATHAN G WEISS MEMBER 2.0 0.0 X 0 0 0 FREDDY SIMON MEMBER 2.0 0.0 X 0 0 0 TOM WALDRON MEMBER 2.0 0.0 X 0 0 0 NANCY HARRIS MEMBER 2.0 0.0 X 0 0 0 ROBERT ROSONE MEMBER 2.0 0.0 X 0 0 0 ROSEMARY WERRET MEMBER 2.0 0.0 X 0 0 0 MARIA RICHTER MEMBER 2.0 0.0 X 0 0 0 ROSARIO PEREZ PRESIDENT & CEO 40.0 0.0 X X 238326 0 833 DAVID GOUGH CHIEF FINANCIAL OFFICER 40.0 0.0 X X 132464 0 7345 RODOLFO MEDRANO CHIEF OPERATING OFFICER 40.0 0.0 X 234011 0 29464 SUSAN KOTCHER CHIEF DEVELOPMENT OFFICER 40.0 0.0 X 196670 0 7719 LARA BROOK GENERAL COUNSEL 40.0 0.0 X 116997 0 35519 NALDI NELSA DELGADO CRUZ GENERAL MANAGER 40.0 0.0 X 195401 0 7962 LYNNE PATTERSON CO-FOUNDER & DIRECTOR EMERITA 40.0 0.0 X 111809 0 20792 1225678 0 109634 8 false true false SYNET SOLUTIONS INC 306 WEST 94th STREET STE 415 NEW YORK NY 10025 TECHNOLOGY SUPPORT 159202 ROBERT HALF MANAGEMENT RESOURCES 2613 CAMINO RAMON SAN RAMON CA 94583 CONSULTING SERVICES 134256 GASTON CASTRO NEME EDISON PARK PH OCENIA 14B PANAMA CITY 0 PM Consulting Services 112000 3 8782612 8782612 PROGRAM FINANCIAL SERVICES 900099 44822509 44822509 PROGRAM HEALTH SERVICES 900099 2976765 2976765 47799274 33 33 0 0 0 0 0 285946 277675 8271 8271 8271 0 0 0 CURRENCY TRANSLATION 900099 -1570584 -1570584 -1570584 55019606 46228690 8304 0 0 151432 151432 0 914157 466377 235739 212041 0 17747329 16709104 623884 414341 2089046 2054986 25905 8155 5903416 5599566 186111 117739 0 0 229289 229289 198160 198160 0 0 0 2100432 2008306 92126 0 2417207 2315939 58270 42998 0 0 2266524 2184015 48601 33908 1305291 1134611 121930 48750 0 0 7871580 7871580 0 2106212 2083402 13402 9408 1529660 1529660 Telephone and Communications 1657171 1635223 14061 7887 Printing and Copying 390531 357687 2889 29955 Events and Advertising 36750 31506 2915 2329 FINANCIAL EXPENSE 126272 125145 1121 6 5662899 5584249 50953 27697 54703358 51842788 1813230 1047340 32507494 29813100 5062585 4306627 2190002 2872586 471935 207837 0 0 0 0 107355124 110475610 0 0 0 0 10071977 4911905 6419932 5160072 0 0 865091 587806 0 0 718504 1706233 2404798 1061863 157995465 156191734 16196261 15746819 0 0 0 0 0 0 0 0 0 0 86886266 85053266 0 0 0 0 103082527 100800085 X 50500262 48502915 4038532 6504254 374144 384480 54912938 55391649 157995465 156191734 316248 -7331 169794 X X false true X true false X 5231444 6417508 4475631 6540059 11930154 34594796 26125671 40100944 55455106 48967503 47799274 218448498 0 0 0 31357115 46518452 59930737 55507562 59729428 253043294 2110619 1771679 1478785 2751216 3768675 11880974 0 2110619 1771679 1478785 2751216 3768675 11880974 241162320 190056 208967 353588 33 752644 0 190056 208967 353588 33 752644 0 129950 1167761 1239082 2536793 31677121 47895180 61523407 55507562 59729461 256332731 0.94082 0.97765 0.00294 0.00492 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 367101 10336 7043 384480 367101 367101 349658 17443 367101 367450 -17792 349658 348373 19052 -25 -25 367475 1.00000 false false 291511 291511 1730177 290832 1439345 6785788 3801376 2984412 1264501 819697 444804 5160072 0 0 X 67178193 -7331 169794 11996124 12158587 55019606 55019606 67062674 12359316 12359316 54703358 54703358 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. THE REVOLVING LOAN FUND IS TO REMAIN IN-PERPETUITY AND TO BE USED SOLELY FOR LOANS TO PRO MUJER INTERNATIONALS FIELD OFFICES. PART X, LINE 2 FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013, PRO MUJER INTERNATIONAL HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10 (INCOME TAXES) AND DETERMINED THAT THERE IS AN UNCERTAIN TAX POSITION WITH RESPECT TO PRO MUJER - PERU WHICH IS DISCUSSED IN THE NEXT PARAGRAPH. THERE ARE NO OTHER UNCERTAIN TAX POSITIONS WHICH REQUIRE DISCLOSURE OR RECOGNITION WITHIN THE COMBINED FINANCIAL STATEMENTS WITH RESPECT TO THE OTHER ENTITIES. AS OF DECEMBER 31, 2014, 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. SUNAT HAS ARGUED, THAT GIVEN THAT PRO MUJER - PERU AMENDED ITS BYLAWS BACK IN 2007, AND GIVEN THE WORDING OF THE AMENDED BYLAWS, IT CAN BE CONSTRUED IN SUCH A WAY THAT THE TAX EXEMPTION IS NOT APPLICABLE AS OF 2007; THUS, PRO MUJER - PERUS TAX EXEMPTION HAS BEEN REVOKED AS OF 2007 AND ONWARDS; EXPOSING PRO MUJER - PERU TO A CONTINGENT LIABILITY FOR ALL INCOME TAX DUE FOR THE YEARS ENDED DECEMBER 31, 2007 THROUGH DECEMBER 31, 2012. CURRENTLY, SUNAT IS SEEKING APPROXIMATELY $1,500,000 IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2007 AND 2008. HOWEVER, MANAGEMENT OF PRO MUJER - 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. IN ADDITION, PRO MUJER - PERU IS CURRENTLY UNDER REVIEW BY THE SUNAT FOR THE YEARS ENDED 2009-2013; THERE HAS BEEN NO REQUEST FOR PAYMENT FOR THESE YEARS. Form Sch D Part XI Line 2d PRO MUJER MEXICO REVENUE $10,425,540 FOREIGN CURRENCY TRANSLATION $ 1,570,584 ----------- TOTAL $11,996,124 Form Sch D Part XII Line 2d PRO MUJER MEXICO EXPENSE $10,639,880 FOREIGN CURRENCY TRANSLATION $ 1,570,584 Nicaragua Adjustment in Translation $ 148,852 ---------- Total $12,359,316 false South America 110 1219 Program Services Financial and Health 37648482 Central America and the Caribbean 17 441 Program Services Financial and Health 10598258 North America 1 36 Program Services Financial and Health 3596047 128 1696 128 1696 51842787 51842787 false false false false false false X X X X X X true Kathy Herre Consulting FUNDRAISING false Kell Partners DATABASE Upgrades false 20418 -20418 CAMY CALVE EVENTS MUJER GIVIN WOMEN CR. false 28000 -28000 THE PIERRE NEW YORK VENUE false 25000 25000 73418 -23418 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 X X false false false false false false false false false ROSARIO PEREZ PRESIDENT & CEO 238326 0 0 0 0 0 0 0 833 0 239159 0 0 0 RODOLFO MEDRANO CHIEF OPERATING OFFICER 215011 0 19000 0 0 0 0 0 29464 0 263475 0 0 0 SUSAN KOTCHER CHIEF DEVELOPMENT OFFICER 191670 0 5000 0 0 0 2292 0 5427 0 204389 0 0 0 LARA BROOK GENERAL COUNSEL 116997 0 0 0 0 0 6248 0 29271 0 152516 0 0 0 NALDI NELSA DELGADO CRUZ GENERAL MANAGER 195401 0 0 0 0 0 0 0 7962 0 203363 0 0 0 Form 990 Part III Line 4a In 2014, Pro Mujer served over 260,000 poor women in Latin America, nearly double the number of women since 2006. -- Pro Mujer stewarded resources wisely: More than 94% of every dollar donated went to programs to serve low-income women. 2% supported fundraising. 4% supported management and administration. -- PRO MUJER PROVIDED LOW-INCOME WOMEN WITH LOANS WHICH WERE USED TO EXPAND AND DEVELOP WOMEN'S BUSINESSES. THE AVERAGE LOAN IN 2014 WAS $487. -- In 2014, Pro Mujer provided loans, savings programs, and other financial supports through more than 26,000 communal banks. -- The environment for poor women in Latin America has changed. Latin America now faces a double burden of disease in that it must both eradicate infectious diseases and address a tremendous rise in chronic diseases. Poor women are disproportionately affected. In response, Pro Mujer developed a new health service model to address specific and emergent health needs of poor women and delivered health interventions and preventive screenings. -- Finally, Pro Mujer's empowerment model includes both services to poor women and advancing women in the formal economy. Of nearly 2,100 employees, 69% in 2014 were women; 15% were former recipients of Pro Mujer's services. 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 V Line 4b PRO MUJER PROVIDES VITAL SERVICES TO WOMEN THROUGHOUT LATIN AMERICA. PRO MUJER Mexico serves almost 42,000 women living in 39 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 Mexico, Nicaragua, Peru, Bolivia, and Argentina were previously combined on the 990. In order to comply with presentational requirements per Treasury Regulation 301.7701-3 Mexico is not included in the current year combined returns. As a result, Pro Mujer, Inc. has presented the financial statements for fiscal year 2013 and 2014 without Pro Mujer Mexico's operations. Pro Mujer Mexico's financial statement includes $214,240 in net income, $20,720,820 in assets, $15,249,534 in liabilities, and $5,471,286 in total net assets. 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 CEO'S SALARY. FOR KEY EMPLOYEES OF THE ORGANIZATION AND OTHER OFFICERS, AN EVALUATION IS BASED ON EACH INDIVIDUAL'S PERFORMANCE AGAINST THEIR GOALS (MEASURED THROUGH AN ANNUAL PERFORMANCE REVIEW PROCESS) AND MARKET SALARIES. THE CEO BRINGS THE PROPOSED CHANGE TO THE BOARD'S EXECUTIVE COMMITTEE FOR REVIEW, TOGETHER WITH THE PERTINENT PERFORMANCE AND MARKET SALARY DATA FOR THAT POSITION. The Board approves changes in the compensation for the CEO, as previously described. APPROVAL 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 ORGANIZATION'S 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 2b PRO MUJER'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS THEN COMBINED. FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:Professional Development TOTAL EXPENSES:383413 PROGRAM SERVICES:383413 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:Training TOTAL EXPENSES:117799 PROGRAM SERVICES:103627 MANAGEMENT AND GENERAL:12094 FUNDRAISING:2078 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:Allowance for Loan Losses TOTAL EXPENSES:2385809 PROGRAM SERVICES:2385809 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:FORIEGN INCOME TAXES TOTAL EXPENSES:954829 PROGRAM SERVICES:954829 FORM 990 PART IX LINE 24 - OTHER EXPENSES DESCRIPTION:Other Miscellaneous Expenses TOTAL EXPENSES:1821049 PROGRAM SERVICES:1756571 MANAGEMENT AND GENERAL:38859 FUNDRAISING:25619 Pro Mujer Nicaragua LLC LEON NICARAGUA NU Women SVS DE 10323616 22718549 Pro Mujer Fundacion Pro Mujer (Bolivia IFD) Women SVS BL 19526753 73596676 Pro Mujer Fundacion Pro Mujer Argentina Women SVS AR 3709092 4136488 Pro Mujer Asociacion Promujer de Mexico A C WOMEN SVS MX Pro Mujer true Pro Mujer Mexico Apoyo AC WOMEN SVS MX Pro Mujer true false true true false false false false false false false false false false false false true true false false PRO MUJER MEXICO B 151432 WIRE PRO MUJER MEXICO C 260568 WIRE PRO MUJER MEXICO P 687000 WIRE PRO MUJER MEXICO Q 418233 WIRE