Grassroots Business Partners Inc.
Grassroots Business Partners Inc.
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About this organization
Mission
Our mission is to grow viable, sustainable and inclusive businesses that generate earnings or cost savings for people in Africa, Asia and Latin America.
About
Grassroots Business Fund (GBF) works with high impact businesses that are typically small or midsized by international standards but economically engage large numbers of the poor. GBF manages an investment fund, Grassroots Business Investors Fund I, LP (GBI-I). GBI-I makes equity, quasi-equity, and debt investments which allow it to share the businesses' risks and returns while providing a form of capital suitable for long-term, wealth-creating businesses. GBI-I target investment size is currently between $750,000 and $2,500,000 and has an average investment horizon of 5-7 years. The current portfolio companies (21 companies) have directly created wealth for over 85,955 farmers and their families, 191,396 artisans and their families, and cost savings for 3.2 million people and an additional 11.2 million family members.
Interesting data from their 2019 990 filing
According to the filing documents, the non-profit's mission is defined as “Grassroots business partners, inc. does business as grassroots business fund. grassroots business fund strives to create a world where economic opportunity reaches everyone. our mission is to grow viable businesses that generate sustainable earnings or savings for people with low incomes in africa, asia, and latin america.”.
When referring to its tasks, they were referred to as: “Our mission is to grow viable, sustainable and inclusive businesses that generate earnings or cost savings for people in africa, asia and latin america.”.
- The non-profit's state of operation has been legally reported as DE.
- According to the latest filing, the non-profit's address in 2019 is 1875 K ST NW NO 412, WASHINGTON, DC, 200061238.
- The total number of employees reported by the non-profit on their form for 2019 is 14.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$1,228,462.
- The organization has 6 independent voting members.
- The organization was formed in 2007.
- The organization pays $1,210,231 in salary, compensation, and benefits to its employees.
- The organization pays $171,383 in fundraising expenses.
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