GRASSROOTS BUSINESS PARTNERS INC

EIN: 262108051 501(c)(3) International Affairs

WASHINGTON, DC

Total Revenue
$5,368,779
Total Expenses
$2,302,556
Total Assets
$19,393,958
Net Assets
$-365,902
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
DE
Principal Officer
HAROLD ROSEN
Phone
2025186865
Tax Period
2022-07-01 to 2023-06-30

GRASSROOTS BUSINESS PARTNERS INC, founded in 2007, is a community nonprofit in the International Affairs sector that reported $5.4M in total revenue in fiscal year 2022. Revenue surged 367% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 57% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $1,632,067 Revenue: $265,319

GRASSROOTS BUSINESS FUND (GBF) IS HEAVILY INVOLVED IN BUILDING THE FIELD AROUND IMPACT INVESTING BY WORKING CLOSELY WITH PARTNER ORGANIZATIONS, PILOTING NEW INITIATIVES, AND CONTRIBUTING LESSONS...

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GRASSROOTS BUSINESS FUND (GBF) IS HEAVILY INVOLVED IN BUILDING THE FIELD AROUND IMPACT INVESTING BY WORKING CLOSELY WITH PARTNER ORGANIZATIONS, PILOTING NEW INITIATIVES, AND CONTRIBUTING LESSONS LEARNED TO A BROAD AUDIENCE. AS PART OF THE PARTNERSHIP BUILDING, GBF IS A MEMBER OF NUMEROUS WORKING GROUPS INCLUDING THOSE AROUND IMPACT ASSESSMENT, THE DEVELOPMENT OF IMPACT FUNDS, AND CAREERS IN IMPACT INVESTING. AS THE ORGANIZATION GROWS, A CONTINUED EFFORT TOWARDS EXTERNAL DISSEMINATION OF INFORMATION ON THE SUCCESSES AND LESSONS LEARNED RELATING TO IMPACT INVESTING WILL BE CRITICAL FOR OUR ADVANCING OF THE FIELD.

Program 2
Expenses: $137,752 Revenue: $59,548

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...

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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.

Program 3
Expenses: $0 Revenue: $0

GBF'S CAPACITY BUILDING PROGRAMS ARE A COMBINATION OF BUSINESS ADVISORY SERVICES (BAS) FUNDED THROUGH GRANTS AND HANDS-ON MANAGEMENT SUPPORT FROM GBF STAFF AND ITS PARTNERS. THESE CAPACITY BUILDING...

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GBF'S CAPACITY BUILDING PROGRAMS ARE A COMBINATION OF BUSINESS ADVISORY SERVICES (BAS) FUNDED THROUGH GRANTS AND HANDS-ON MANAGEMENT SUPPORT FROM GBF STAFF AND ITS PARTNERS. THESE CAPACITY BUILDING PROGRAMS INCLUDE IMPROVEMENTS TO GOVERNANCE, GENERAL MANAGEMENT, REPORTING, MANAGEMENT INFORMATION SYSTEMS (MIS), AND BUSINESS/FINANCIAL PLANNING. THESE PROGRAMS ARE DELIVERED BY EXPERIENCED EXTERNAL CONSULTANTS, GBF STAFF, AND THROUGH OUR PARTNERSHIPS WITH OTHER LOCAL BUSINESSES. GBF'S BAS FALLS INTO SIX MAIN CATEGORIES: FINANCIAL MANAGEMENT, OPERATIONS, CORPORATE GOVERNANCE AND HUMAN CAPACITY, STRATEGY, LEGAL AND REGULATORY, AND ENVIRONMENTAL AND SOCIAL. SINCE 2008, GBF HAS ENGAGED IN 488 BUSINESS ADVISORY ASSIGNMENTS IN 83 COMPANIES THAT HAVE IMPACTED CUMULATIVELY 17.4 MILLION LOW COMMUNITIES WORLDWIDE. UNDER THE JINUE GROWTH PROGRAM, GBF HAS PARTNERED WITH THE MASTERCARD FOUNDATION FOR A 5-YEAR PROGRAM THAT COMMENCED IN NOVEMBER 2022. THE BUSINESS ADVISORY SERVICES UNDER THE PROGRAM AIMS TO REACH 275,800 MICROS AND 4,500 SMES.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,977,525
Program Service Revenue $324,867
Investment Income $0
Other Revenue $66,387
TOTAL REVENUE $5,368,779

Expense Breakdown

Grants Paid $1,770
Salaries & Benefits $595,416
Fundraising Expenses $41,989
Program Expenses $1,769,819
Other Expenses $1,705,370
TOTAL EXPENSES $2,302,556

Year-over-Year Comparison

2022 2021 Change
Revenue $5,368,779 $1,150,242 +3.7%
Expenses $2,302,556 $1,852,503 +0.2%
Net Income $3,066,223 $-702,261 -5.4%
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
6
Independent Members
5
Employees
4
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
4
$358,217
Total Directors
7
$231,327
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAIME RAMIREZ THRU DEC 2022 CHIEF INVESTMENT OFFICER/COO 40.00
Officer Director
$113,499 $12,423 $125,922
HAROLD ROSEN CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$99,761 $5,644 $105,405
MARY HOUGHTON CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
ANDREW ADELSON DIRECTOR 1.00
Director
$0 $0 $0
HOLLY WISE DIRECTOR 1.00
Director
$0 $0 $0
ZOE DEAN-SMITH DIRECTOR 1.00
Director
$0 $0 $0
GUILLERMO FERREYROS DIRECTOR 1.00
Director
$0 $0 $0
LILIAN MRAMBA CHIEF INVESTMENT OFFICER/COO 40.00
Officer
$111,054 $15,836 $126,890
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 No data No data No data No data
2024 No data No data No data No data
2023 $5,368,779 $2,302,556 $19,393,958 $3,066,223
2022 $1,150,242 $1,852,503 $3,903,821 $-702,261
2021 $2,765,853 $5,688,012 $4,894,378 $-2,922,159
2020 $1,968,291 $2,323,562 $899,905 $-355,271
2019 $2,510,623 $2,247,080 $1,031,007 $263,543
2018 $1,434,771 $2,663,233 $733,624 $-1,228,462
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