Deutsche Bank Microcredit Development Fund Inc.
Deutsche Bank Microcredit Development Fund Inc.
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About this organization
Revenue
$77,359
Expenses
$63,937
Mission
The Deutsche Bank Microcredit Development Fund, Inc. was created to support the growth, effectiveness, and sustainability of microcredit programs that serve the poor with access to credit for self-employment.
About
The organization raises capital to fund loans to microfinance entrepreneurs around the world. During 2018, the organization provided $400,000 loans to micro-finance institution serving the poor in developing countries and total existing loans is $1,150,000.
Interesting data from their 2020 990 filing
The mission of the non-profit, as stated in the filing, is “The deutsche bank microcredit development fund, inc. was created to support the growth, effectiveness, and sustainability of microcredit programs that serve the poor with access to credit for self-employment.”.
When referring to its tasks, they were described as: “The deutsche bank microcredit development fund, inc. was created to support the growth, effectiveness, and sustainability of microcredit programs that serve the poor with access to credit for self-employment.”.
- The non-profit is operating legally in the state of DE.
- The non-profit's address for the year 2020 is listed as 345 Park Avenue 26th, New York, NY, 101540004 in the filing.
- The form submitted by the non-profit organization for 2020 reports 0 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Has foreign activities.
- Is not a donor advised fund.
- Is not a private foundation.
- Expenses are less than $100,000.
- Revenue is less than $100,000.
- Revenue less expenses is $13,422.
- The CEO's salary plan within the organization is not subject to review and approval from a neutral entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 10 independent voting members.
- The organization was formed in 1997.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.
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