NonprofitsGrassroots Business Partners Inc

International, Foreign Affairs & National Security

Grassroots Business Partners Inc

WASHINGTON, DC

Total revenue

$7.7M

Total expenses

$9.9M

Net assets

Grants received

$43.2M

7 grants

EIN

262108051

Tax year

2023

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.

Programs

1 program

Grassroots business fund (gbf) works with high-impact businesses (hibs) that are typically small or mid-sized by international standards, but economically engage large numbers of the poor. Gbp manages an investment fund, grassroots business investors fund i, lp (gbi-i).as of september 30th, 2023, gbi-i deployed its investment funds into 33 high impact businesses. As of december 2023, there are 3 active companies in the portfolio and 30 successful exits. To date, gbi-i has collected $35.8m of payments net of taxes. The average size of investment was $655k. Since inception, gbi-i's investees are estimated to have generated $600 million of economic value to 20 million low-income communities worldwide.

Expenses: $38K

Financials

FY 2023

Revenue

Contributions & grants$7.5M
Program service revenue$196K
Investment income
Other revenue$55K
Total revenue$7.7M

Expenses

Grants paid
Salaries & benefits$938K
Fundraising$34K
Other expenses$9.0M
Total expenses$9.9M
Total assets$27.8M
Net assets

People

8 listed

NameRoleCompensation

LILIAN MRAMBA

CHIEF INVESTMENT OFFICER/COO

Board

$170K

40 hrs/wk

HAROLD ROSEN

CHIEF EXECUTIVE OFFICER

Board

$114K

40 hrs/wk

ANDREW ADELSON

DIRECTOR

Board

1 hrs/wk

HOLLY WISE

DIRECTOR

Board

1 hrs/wk

ZOE DEAN-SMITH

DIRECTOR

Board

1 hrs/wk

GUILLERMO FERREYROS

DIRECTOR

Board

1 hrs/wk

JAIME RAMIREZ

DIRECTOR

Board

1 hrs/wk

MARY HOUGHTON

CHAIRMAN OF THE BOARD

Board

1 hrs/wk

Independent contractors

FOURTH GENERATION CAPITAL LTD

PROGRAM COSTS AND EXPENSES, DELIVERY FEE

$1.6M

POWERED BY PEOPLE

PROGRAM COSTS AND EXPENSES, DELIVERY FEE

$1.0M

KENYA NATIONAL CHAMBER OF COMMERCE & IND

PROGRAM COSTS AND EXPENSES

$788K

DT GLOBAL INTERNATIONAL DEVELOPMENT

PROGRAM COSTS AND EXPENSES, DELIVERY FEE

$388K

GROOTS KENYA ASSOCIATION

PROGRAM COSTS AND EXPENSES

$175K

Grants received

Showing 7 of 7

FromAmountPurposeYear
$17.5M
Financial Inclusion
2023
$250K
General Support
2023
$17.4M
Financial Inclusion
2022
$366K
Financial Inclusion
2021
$7.5M
Financial Inclusion
2020
$100K
TO ASSIST IN THE PURPOSE OF THE CHARITY
2020
$100K
TO ASSIST IN THE PURPOSE OF THE CHARITY
2018

Funded by

$43.2M from 3 funders · 7 grants · 2018–2023

Mastercard Foundation

$42.7M · 4 grants · 2020–2023

Follow Your Dream Foundation Inc

$250K · 1 grant · 2023

Adelson Family Foundation

$200K · 2 grants · 2018–2020

Details

EIN262108051
NTEE codeQ32
Subsection03
Ruling date2008-08
Formed2007
Employees3
Volunteers6
GRASSROOTS BUSINESS PARTNERS INC — Mission, Financials & Grants Received | Grantivo