THE UNIVERSITY OF FONDWA USA INC

EIN: 208625115 501(c)(3)

HOUSTON, TX

Total Revenue
$2,153,836
Total Expenses
$1,681,674
Total Assets
$1,184,926
Net Assets
$1,166,355
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
MYRON F STEVES JR
Phone
7138063866
Tax Period
2024-01-01 to 2024-12-31

THE UNIVERSITY OF FONDWA USA INC, founded in 2007, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 149% from the prior year, signaling strong growth momentum. The organization ran a surplus of $472K, a strong 22% operating margin.

Mission

INSPIRED BY THE VISION OF THE UNIVERSITY OF FONDWA IN HAITI (UNIF), HAITI'S ONLY RURAL UNIVERSITY - UFONDWA USA WAS ORGANIZED BY U.S. CITIZENS TO: RAISE FUNDS TO SUPPORT UNIF, PROVIDE TECHNICAL ASSISTANCE TO UNIF, AND TO BE AMBASSADORS FOR UNIF AND FOR THE DEVELOPMENT OF RURAL HAITI. BECAUSE OF THE SYNERGY BETWEEN UNIF AND ITS SURROUNDING COMMUNITY, UFONDWA USA SUPPORTS OTHER GRASSROOTS DEVELOPMENT PROJECTS IN FONDWA AND RURAL HAITI LIKE THE PEASANT ASSOCIATION OF FONDWA, THE SISTERS OF ST. ANTHONY OF FONDWA, AND THE FATHER JOSEPH NETWORK.

Program Service Accomplishments

Program 1
Expenses: $1,575,555

TO PROVIDE FUNDING TO THE UNIVERSITY OF FONDWA, HAITI FOR STUDENT, FACULTY AND ADMINISTRATIVE EXPENSES UTILIZED TO EDUCATE AND ADVANCE THE STUDENTS FROM RURAL SECTORS THROUGHOUT HAITI. UFONDWA USA...

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TO PROVIDE FUNDING TO THE UNIVERSITY OF FONDWA, HAITI FOR STUDENT, FACULTY AND ADMINISTRATIVE EXPENSES UTILIZED TO EDUCATE AND ADVANCE THE STUDENTS FROM RURAL SECTORS THROUGHOUT HAITI. UFONDWA USA ALSO PROVIDES FUNDS TO OTHER PROJECTS IN THE FONDWA COMMUNITY.

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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 $2,132,055
Program Service Revenue $0
Investment Income $21,781
Other Revenue $0
TOTAL REVENUE $2,153,836

Expense Breakdown

Grants Paid $1,554,915
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,575,555
Other Expenses $126,759
TOTAL EXPENSES $1,681,674

Year-over-Year Comparison

2024 2023 Change
Revenue $2,153,836 $863,821 +1.5%
Expenses $1,681,674 $1,762,794 0.0%
Net Income $472,162 $-898,973 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYRON F STEVES JR PRESIDENT OF THE BOARD OF DIRECTORS 6.00
Officer Director
$0 $0 $0
ANNE HASTINGS VICE PRESIDENT & SECRETARY 30.00
Officer Director
$0 $0 $0
THORIN SCHRIBER TREASURER 2.00
Officer Director
$0 $0 $0
FR MICHAEL BEGLEY CSSP BOARD MEMBER 3.00
Director
$0 $0 $0
LAURA ZANOTTI PHD BOARD MEMBER 3.00
Director
$0 $0 $0
RUTH SCHRODER BOARD MEMBER 5.00
Director
$0 $0 $0
JUDE RAYMOND BOARD MEMBER 1.00
Director
$0 $0 $0
FR JOSEPH B PHILLIPE CSSP EX-OFFICIO MEMBER 2.00
Director
$0 $0 $0
AMBER WALSH BOARD MEMBER 2.00
Director
$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
2024 $2,153,836 $1,681,674 $1,184,926 $472,162
2023 $863,821 $1,762,794 $708,200 $-898,973
2022 $2,683,940 $1,144,179 $1,583,665 $1,539,761
2022 $2,683,940 $1,144,179 $1,583,665 $1,539,761
2021 $1,011,301 $989,095 $41,765 $22,206
2021 $1,011,301 $989,095 $41,765 $22,206
2020 $313,996 $375,031 $20,601 $-61,035
2019 $740,304 $678,072 $80,749 $62,232
2018 $392,965 $383,950 $18,517 $9,015
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