MERCADO GLOBAL INC

EIN: 201348926 501(c)(3) International Affairs

BROOKLYN, NY

Total Revenue
$1,910,780
Total Expenses
$1,909,006
Total Assets
$830,705
Net Assets
$124,852
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CT
Principal Officer
RUTH ALVAREZ-DEGOLIA
Phone
7188389908
Tax Period
2024-07-01 to 2025-06-30

MERCADO GLOBAL INC, founded in 2004, is a community nonprofit in the International Affairs sector that reported $1.9M in total revenue in fiscal year 2024.

Mission

MERCADO GLOBAL EMPOWERS RURUAL ARTISIAN ENTREPRENEURS ACROSS THE AMERICAS TO LIFT THEIR FAMILIES OUT OF POVERTY THROUGH BUSINESS TRAINING AND ACCESS TO INTERNATIONAL MARKETS. THROUGH OUR NONPROFIT MODEL, WE STRENGTHEN COMMUNITIES AND FAMILIES, WEAVING MARKET ACCESS, COMMUNITY-BASED EDUCATION,AND ASSET DEVELOPMENT INTO A PROGRAM FOCUSED ON FINANCIAL INDEPENDENCE TO OVERCOME POVERTY.

Program Service Accomplishments

Program 1
Expenses: $969,615 Revenue: $605,611

ECONOMIC EMPOWERMENT PROGRAM OUR ECONOMIC EMPOWERMENT PROGRAM HELPS RURAL ARTISAN ENTREPRENEURS BREAK THE CYCLE OF LOCAL POVERTY THROUGH MARKET ACCESS, BUSINESS EDUCATION, AND ASSET...

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ECONOMIC EMPOWERMENT PROGRAM OUR ECONOMIC EMPOWERMENT PROGRAM HELPS RURAL ARTISAN ENTREPRENEURS BREAK THE CYCLE OF LOCAL POVERTY THROUGH MARKET ACCESS, BUSINESS EDUCATION, AND ASSET DEVELOPMENT.THROUGH OUR MARKET ACCESS PROGRAM, WE HELP OVER 1,000 RURAL ARTISAN ENTREPRENEURS BUILD THEIR OWN COMMUNITY ARTISAN BUSINESSES AND ACCESS INTERNATIONAL MARKETS. THE RURAL ARTISANS WE PARTNER WITH ARE INCREDIBLY TALENTED WEAVERS WHOSE MAIN OBSTACLE TO OVERCOME POVERTY IS LACK OF ACCESS TO A MARKET. NOW, THROUGH THEIR WORK WITH MERCADO GLOBAL, THESE ARTISANS ARE ABLE TO ACCESS THE INTERNATIONAL MARKET AND EARN A FAIR WAGE FOR THE FIRST TIME IN THEIR LIVES. WITH OUR PARTNER ARTISANS, WE DESIGN COLLECTIONS FOR MAJOR INTERNATIONAL FASHION BRANDS AND RETAILERS THAT ARE HANDMADE IN THEIRCOMMUNITIES.THROUGH OUR COMMUNITY-BASED EDUCATION PROGRAM, WE PROVIDE TECHNICAL AND BUSINESS TRAINING IN LOCAL LANGUAGES THAT COMPLEMENT MARKET ACCESS OPPORTUNITIES. BUILDING BUSINESS SKILLS AND MARKET-READY TECHNICAL WEAVING AND SEWING SKILLS,WHEN PAIRED WITH INCOME-EARNING OPPORTUNITIES, ENABLES RURAL ARTISANS TO BECOME CONFIDENT LEADERS WHO LOOK AFTER THEIR FAMILIES' HEALTH, FINANCES, AND EDUCATION.THROUGH OUR ASSET DEVELOPMENT PROGRAM, WE HELP RURAL ARTISANS SECURE THEIR OWN FLOOR LOOMS, SEWING MACHINES AND OTHER PRODUCTIVE ASSETS NEEDED TO ENSURE FUTURE INCOME GENERATION. WE ALSO HELP BUILD THE PRACTICE OF SAVING SO THAT RURAL ARTISANS HAVE A BUFFER AGAINST A RETURN TO POVERTY AND CAN INVEST IN THEIR FAMILIES AND COMMUNITIES.

Program 2
Expenses: $355,843

RURAL ENTREPRENEURS LEADERSHIP TRAINING PROGRAMIN CONJUNCTION WITH OUR ECONOMIC EMPOWERMENT PROGRAM, OUR COMMUNITY-BASED RURAL ENTREPRENEURSLEADERSHIP TRAINING PROGRAM HELPS RURAL ARTISANS GAIN THE...

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RURAL ENTREPRENEURS LEADERSHIP TRAINING PROGRAMIN CONJUNCTION WITH OUR ECONOMIC EMPOWERMENT PROGRAM, OUR COMMUNITY-BASED RURAL ENTREPRENEURSLEADERSHIP TRAINING PROGRAM HELPS RURAL ARTISANS GAIN THE SKILLS THEY NEED TO BUILD SUCCESSFUL BUSINESSES AND LIFT THEIR FAMILIES OUT OF POVERTY. OUR LEADERSHIP TRAINING CLASSES ARE CONDUCTED IN OUR PARTNER COMMUNITIES AND COVER TOPICS RANGING FROM FINANCIAL LITERACY TO LEADERSHIP SKILLS, GOAL-SETTING, SELF-ESTEEM AND FINANCIAL MANAGEMENT FOR RURAL ARTISAN ENTREPRENEURS. OUR IN-HOUSE BUSINESS TRAINING TEAM PROVIDES COURSES IN EACH OF OUR PARTNER COMMUNITIES FOR RURAL ARTISANS, MOST OF WHOM CANNOT READ AND WRITE, AND WHO ARE LEARNING TO NAVIGATE BUSINESS-OWNERSHIP FOR THE FIRST TIME.

Program 3
Expenses: $189,795

COMMUNITY PARTNERSHIPS PROGRAMWE SEEK TO BUILD MUTUAL UNDERSTANDING AND FACILITATE CULTURAL EXHCANGE BETWEEN ARTISAN COMMUNITIES ACROSS THE AMERICAS AND OUR SUPPORTER COMMUNITIES IN THE UNITED...

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COMMUNITY PARTNERSHIPS PROGRAMWE SEEK TO BUILD MUTUAL UNDERSTANDING AND FACILITATE CULTURAL EXHCANGE BETWEEN ARTISAN COMMUNITIES ACROSS THE AMERICAS AND OUR SUPPORTER COMMUNITIES IN THE UNITED STATES. THROUGH THE COMMUNITY PARTNERSHIP PROGRAMM, INDIVIDUALS FROM THE U.S. VISIT COMMUNITIES IN GUATEMALA TO SEE THE IMPACT OF THEIR SUPPORT. LIKEWISE, OUR CURRENT AND PAST STAFF, VOLUNTEERS AND SUPPORTERS ACT AS FAIR TRADE AMBASSADORS WITHIN THEIR COMMUNITIES IN THE U.S. THROUGH SPEAKING ENGAGEMENTS, COMMUNITY EVENTS AND OTHER AWARENESS-RAISING FUNCTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,302,296
Program Service Revenue $605,611
Investment Income $2,873
Other Revenue $0
TOTAL REVENUE $1,910,780

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,033,656
Fundraising Expenses $154,632
Program Expenses $1,651,339
Other Expenses $875,350
TOTAL EXPENSES $1,909,006

Year-over-Year Comparison

2024 2023 Change
Revenue $1,910,780 $1,779,240 +0.1%
Expenses $1,909,006 $1,777,272 +0.1%
Net Income $1,774 $1,968 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARAE LISLE BOARD OF DIRECTORS 5.00
Director
$0 $0 $0
MARK SWEDLUND BOARD OF DIRECTORS 2.50
Director
$0 $0 $0
MARIA GEENEN BOARD OF DIRECTORS 2.50
Director
$0 $0 $0
JENNIFER ALI BOARD OF DIRECTORS 2.50
Director
$0 $0 $0
MARTA BEZOARI BOARD CHAIR 5.00
Officer Director
$0 $0 $0
JACQUELINE VARELA BOARD OF DIRECTORS 2.50
Director
$0 $0 $0
MELODY HART TREASURER 2.50
Officer
$0 $0 $0
RUTH ALVAREZ-DEGOLIA EXECUTIVE DIRECTOR 40.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,910,780 $1,909,006 $830,705 $1,774
2024 No data No data No data No data
2023 $1,555,005 $1,553,275 $802,264 $1,730
2022 $1,240,427 $1,218,398 $699,910 $22,029
2021 $1,344,940 $1,265,722 $416,897 $79,218
2020 $1,232,212 $1,227,413 $343,773 $4,799
2019 $1,164,924 $1,163,181 $262,632 $1,743
2018 $1,188,692 $1,185,141 $280,746 $3,551
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