VOLUNTEERS FOR ECONOMIC GROWTH ALLIANCE

EIN: 800326026 501(c)(3)

WASHINGTON, DC

Total Revenue
$18,865,815
Total Expenses
$19,063,664
Total Assets
$512,993
Net Assets
$5,465
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
DC
Principal Officer
JOHN POMPAY
Phone
2022237012
Tax Period
2018-01-01 to 2018-12-31

VOLUNTEERS FOR ECONOMIC GROWTH ALLIANCE, founded in 2003, is a mid-sized nonprofit that reported $18.9M in total revenue in fiscal year 2018. Revenue fell 43% from the prior year — a significant decline worth monitoring.

Mission

TO MOBILIZE OUR ALLIANCE'S 100,000 HIGHLY-SKILLED VOLUNTEERS TO STIMULATE SUSTAINABLE ECONOMIC GROWTH IN EMERGING MARKETS.

Program Service Accomplishments

Program 1
Expenses: $17,276,912

VEGA PROGRAMS USE A COMBINATION OF APPROACHES TO ENSURE IMPACT AND SUSTAINABILITY, INCLUDING THE USE OF ON-THE-GROUND SUPPORT FOR VOLUNTEERS AND THE COORDINATION OF ACTIVITIES WITH OTHER LOCAL...

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VEGA PROGRAMS USE A COMBINATION OF APPROACHES TO ENSURE IMPACT AND SUSTAINABILITY, INCLUDING THE USE OF ON-THE-GROUND SUPPORT FOR VOLUNTEERS AND THE COORDINATION OF ACTIVITIES WITH OTHER LOCAL PROJECTS AND ASSOCIATIONS. DEPENDING ON PROJECT NEEDS, VOLUNTEERS PROVIDE TECHNICAL ASSISTANCE ON VARYING SHORT AND LONG-TERM BASES, ASSISTING A DIVERSE SUITE OF CLIENTS WHICH INCLUDES FIRMS, ASSOCIATIONS, RESEARCH INSTITUTIONS, MUNICIPALITIES, AND OTHER PUBLIC OR PRIVATE SECTOR GROUPS. VEGA IS LEVERAGING EXPERT VOLUNTEERS FROM 25 LEADING ECONOMIC GROWTH ORGANIZATIONS TO CONDUCT PROGRAMS IN 17 COUNTRIES THROUGHOUT THE WORLD. THESE PROGRAMS SERVE TO STIMULATE ECONOMIC GROWTH IN DEVELOPING NATIONS AND INCLUDE THE FOLLOWING PROGRAMS: AFGHANISTAN - CAPACITY BUILDING AND CHANGE MANAGEMENT PROGRAM (CBCMP II), AFGHANISTAN - ASSISTANCE IN BUILDING AFGHANISTAN BY DEVELOPING ENTERPRISES (ABADE), ALBANIA - FINANCIAL SECTOR DEVELOPMENT PROGRAM, MOLDOVA - TECHNICAL ASSISTANCE TO THE NATIONAL BANK OF MOLDOVA, NIGERIA - GRAIN QUALITY IMPROVEMENT PROGRAM FOR MAIZE, BOSNIA - WORKFORCE AND HIGHER ACCESS TO MARKETS ACTIVITY BOSNIA/HERZEGOVINA, EGYPT - FOOD SECURITY AND AGRIBUSINESS SUPPORT (FAS), LEBANON - INVESTMENT IN MICROFINANCE (LIM), LIBERIA - INVESTING FOR BUSINESS EXPANSIONS (IBEX), MALI - FINANCIAL TECHNICAL ASSISTANCE PROGRAM (FINTAP), CAMBODIA - CAPACITY BUILDING OF LOCAL GOVERNMENT, SRI LANKA - VEGA/BIZ+, SRI LANKA - YOU LEAD, TANZANIA - FEED THE FUTURE TANZANIA ENABLING GROWTH THROUGH INVESTMENT AND ENTERPRISE PROGRAM (ENGINE), UKRAINE - CREDIT FOR AGRICULTURE PRODUCERS (CAP), YEMEN - COMPETITIVE AGRICULTURE SYSTEMS FOR HIGH VALUE CROPS, JOHN OGONOWSKI FARMER-TO-FARMER, UZBEKISTAN/KAZAKHSTAN, LAOS, UGANDA, MEXICO - EMERGING MARKETS DEVELOPMENT ADVISERS PROGRAM (EMDAP).

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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 (2018)

Revenue Breakdown

Contributions & Grants $18,865,775
Program Service Revenue $0
Investment Income $40
Other Revenue $0
TOTAL REVENUE $18,865,815

Expense Breakdown

Grants Paid $17,179,271
Salaries & Benefits $984,378
Fundraising Expenses $0
Program Expenses $17,276,912
Other Expenses $900,015
TOTAL EXPENSES $19,063,664

Year-over-Year Comparison

2018 2017 Change
Revenue $18,865,815 $32,896,608 -0.4%
Expenses $19,063,664 $33,008,445 -0.4%
Net Income $-197,849 $-111,837 +0.8%
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
14
Independent Members
14
Employees
12
Volunteers
100000

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
6
$401,011
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN D POMPAY BOD, CHAIRMAN 1.00
Officer Director
$0 $0 $0
THOMAS J MILLER BOD, VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JENNIFER BRINKERHOFF BOD, LEAD MEMBER,SECRETARY 1.00
Officer Director
$0 $0 $0
DANEY JACKSON BOD, LEAD MEMBER,CHAIR OF THE AUDIT 1.00
Director
$0 $0 $0
SUSAN FICKLING BOD, LEAD MEMBER 1.00
Director
$0 $0 $0
KURALAI KUNZ BOD, LEAD MEMBER 1.00
Director
$0 $0 $0
NICK RAMSING BOD, LEAD MEMBER 1.00
Director
$0 $0 $0
DAVID GROSSMAN BOD, LEAD MEMBER, TREASURER 1.00
Officer Director
$0 $0 $0
DEANN MC GREW BOD, LEAD MEMBER 1.00
Director
$0 $0 $0
DAN WADDLE BOD, LEAD MEMBER 1.00
Director
$0 $0 $0
GULBAHAR OKUYAN BOD, LEAD MEMBER 1.00
Director
$0 $0 $0
DAVID ROCHE REGULAR MEMBER 1.00
Director
$0 $0 $0
CAROLA MANDELBAUM REGULAR MEMBER 1.00
Director
$0 $0 $0
DEMIAN PASQUARELLI REGULAR MEMBER 1.00
Director
$0 $0 $0
CAROLA MANDELBAUM REGULAR MEMBER 1.00
Director
$0 $0 $0
NORMAN D FLYNN REGULAR MEMBER 1.00
Director
$0 $0 $0
KATHERINE MULHERN REGULAR MEMBER 1.00
Director
$0 $0 $0
CRISPIAN KIRK REGULAR MEMBER 1.00
Director
$0 $0 $0
CATTY LESLIE REGULAR MEMBER 1.00
Director
$0 $0 $0
ROBERT MOSBACHER REGULAR MEMBER 1.00
Director
$0 $0 $0
J MICHAEL DEAL CEO/EXECUTIVE DIRECTOR 40.00
Officer
$182,008 $21,141 $203,149
LONG NGUYEN MANAGING DIRECTOR, FIN & ADMIN 40.00
Officer
$170,320 $27,542 $197,862
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
2018 $18,865,815 $19,063,664 $512,993 $-197,849
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