Prosperity Catalyst Inc
Prosperity Catalyst Inc
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About this organization
Mission
Prosperity Catalyst develops and strengthens women-led businesses in distressed regions, providing business and technical training, creating opportunities for women to achieve economic and social empowerment.
About
IN 2013, NOT LONG AFTER THE EARTHQUAKE, PCAT STARTED WORKING IN HAITI, BY PROVIDING BUSINESS MANAGEMENT TRAINING TO 100 WOMEN IN CAP-HAITIAN AND LAUNCHING A WOMEN-LED CANDLE PRODUCTION AND EXPORT COMPANY CALLED FANM LIMYE (WOMEN ILLUMINATED), A FOR-PROFIT BUSINESS 97% OWNED BY PROSPERITY CATALYST. FANM LIMYE IS ALSO REGISTERED IN HAITI AS A LOCAL NONPROFIT. IN JANUARY 2015, PCAT MOVED THE OPERATION TO PORT-AU-PRINCE (PAP), WHERE THERE WOULD BE EASIER AND CHEAPER ACCESS TO SUPPLIES AND TO BOTH LOCAL AND EXPORT MARKETS. THE GROUP OF WOMEN TRAINED IN CANDLE-MAKING IN PAP FOUND THAT THEIR PRODUCTION WAS HAMPERED BY A SHORTAGE OF HIGH-QUALITY BEESWAX, SO PCAT DECIDED TO WORK WITH LOCAL BEEKEEPERS STARTING IN 2016 TO IMPROVE THE QUALITY OF THEIR WAX. IN ADDITION TO WORKING WITH OVER 600 BEEKEEPERS IN HAITI, FANM LIMYE HAS WORKED WITH 42 ARTISAN GROUPS, PROVIDING THEM WITH IN-DEPTH BUSINESS FEASIBILITY ANALYSIS, PLANNING AND MANAGEMENT TRAINING AND DESIGN INPUTS. FANM LIMYE PROVIDES BOTH FACE-TO-FACE BUSINESS TRAINING AND INDIVIDUALIZED SUPPORT TO EACH OF THE ARTISAN GROUPS THROUGH MENTOR VISITS TO HELP THEM APPLY THE THEORY OF THE TRAINING TO THE REALITY OF THEIR OWN BUSINESS. PCAT ENGAGES EXPERT DESIGNERS TO VISIT HAITI TO WORK WITH ARTISAN GROUPS AFFILIATED WITH FANM LIMYE TO HELP THEM DEVELOP NEW PRODUCTS FOR THE US MARKET. WE PURCHASE AND SELL ARTISAN PRODUCTS THROUGH OUR ONLINE STORE AS WELL AS TO RETAIL STORES IN THE US. WITH CONTINUED SUPPORT FROM OUR MAIN DONOR, UMCOR, WE WILL BE SERVING AN ADDITIONAL 30 ARTISAN GROUPS IN HAITI THIS YEAR.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “Prosperity catalyst develops and strengthens women-led businesses in distressed regions, providing business and technical training, creating opportunities for women to achieve economic and social empowerment.”.
When outlining its functions, they were explained as: “Prosperity catalyst develops and strengthens women-led businesses in distressed regions, providing business and technical training, creating opportunities for women to achieve economic and social empowerment.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as VT.
- The filing records the non-profit's address for 2020 as 9 WATERHOUSE STREET, CAMBRIDGE, MA, 02138.
- As of 2020, the non-profit's form reports a total of 5 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$8,142.
- The organization has 12 independent voting members.
- The organization was formed in 2010.
- The organization pays $392,808 in salary, compensation, and benefits to its employees.
- The organization pays $61,284 in fundraising expenses.
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