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Sostenica Inc

Sostenica Inc

West Chester, PA 19382
Tax ID23-3061896

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About this organization

Revenue

$529,338

Expenses

$954,777

Website

sostenica.org

Mission

SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant, sustainable communities. SosteNica accomplishes this mission through (i) micro-credit, (ii) delivery of education programs focused on sustainable agriculture, forestry, and ecosystem restoration, (iii) formation of markets for locally and sustainably produced goods, (iv) creation of sustainable housing solutions, and (v) incubation of small and medium enterprises.

About

Research strategies for sustainable agriculture in rural Nicaragua and train local farmers in strategies developed. Research into occupational risk factors of Chronic Kindey Disease(CKD) among a cohort of Central American workers affecting clients of SosteNica.

Interesting data from their 2020 990 filing

The non-profit's mission, as documented in the filing, is “The primary purpose of sostenica is to promote economic and community development in many regions of nicaragua through credit, technical assistance and outreach to low income businesses and small farmers. outreach to low income businesses and small farmers.”.

When explaining its purpose, the activities were described as: “The primary purpose of sostenica is to promote economic and community development in many regions of nicaragua through credit, technical assistance and outreach to low income businesses and small farmers.”.

  • The non-profit is legally allowed to operate in the state of PA, as reported.
  • The filing provides the non-profit's address in 2020 as 1019 Ashley Rd, West Chester, PA, 193827560.
  • The non-profit has a total of 2 employees, as reported on their form for 2020.
  • The non-profit has loans outstanding as of 2020.
  • 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 between $250,000 and $500,000.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is -$425,439.
  • The CEO compensation strategy within the organization is determined through a review and approval process by a neutral party.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has a foreign financial account.
  • The organization has 7 independent voting members.
  • The organization was formed in 2001.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $60,110 in salary, compensation, and benefits to its employees.
  • The organization pays $45,731 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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