2024-11-04T21:24:16-07:00 2023-12-31 990 2023-01-01 233061896 SOSTENICA INC SOST 2034410717 1019 Ashley Road West Chester PA 19382 Joseph DeNicola Executive Director 2037078518 2024-11-04 1 2023 2024-10-15 13:58:12Z Joseph DeNicola 29 Old Orchard Road North Haven CT 06473 63019 0 X www.sostenica.org X 2000 PA SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant, sustainable communities through microcredit, technical assistance, and outreach to low income smallholder farmers and school children. 9 7 0 0 0 0 28828 15450 0 0 0 0 168759 47569 197587 63019 252300 0 0 0 22274 0 0 0 0 43770 309194 318344 309194 -120757 -246175 1043713 733289 1574170 1509920 -530457 -776631 SosteNica empowers the people of Nicaragua to achieve financial security and healthy lives within vibrant, sustainable communities through microcredit, technical assistance, and outreach to low income smallholder farmers and school children. 0 0 0 0 47569 Research strategies for sustainable agriculture in rural Nicaragua and train local farmers in strategies developed. Research into occupational risk factors of Chronic Kidney Disease (CKD) among a cohort of Central American workers affecting clients of SosteNica. Program suspended during 2022. 0 0 0 Administer and promote micro-lending program to support sustainable economic development in rural Nicaragua. 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 NU 0 0 0 0 0 0 X 9 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 PA X X Joseph DeNicola 2037078518 29 Old Orchard Road North Haven CT 06473 Joseph DeNicola Executive Director 5 0 X X 0 0 0 Rev Owen Owens Member 1 0 X 0 0 0 V Scott Bihl Member 1 0 X 0 0 0 Joanna Lane Member 1 0 X 0 0 0 DeLaura Padovan Member 1 0 X 0 0 0 Alan Wright President 1 0 X X 0 0 0 Rachel Lindsay Secretary 1 0 X X 0 0 0 Tim Keyes Treasurer 1 0 X X 0 0 0 Peter Guarino Vice President 1 0 X X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 15450 0 0 15450 0 0 0 0 0 0 Exchange Revenue 541700 47569 47569 0 0 0 0 0 0 47569 63019 47569 0 0 585 585 676 676 Loss Reserve 307933 0 307933 0 309194 0 309194 0 15882 13390 0 0 1027831 719899 1043713 733289 1266 47569 404375 397270 1120960 1112650 1574170 1509920 X -547957 -776631 17500 0 -530457 -776631 1043713 733289 -246175 1 0 0 0 0 X 0 0 0 X 436150 433333 265423 178720 63020 1376646 3686 0 0 0 0 3686 145002 61393 31533 18867 0 256795 0 0 0 0 0 0 584838 494726 296956 197587 63020 1637127 1637127 584838 494726 296956 197587 63020 1637127 1 1 0 0 X Fund in Administration 719899 719899 Central America and the Caribbean 0 0 Program Services Programming discontinued 0 0 0 0 0 0 0 0 0 0 Talmadge Hill Community Church Co-directors Micro-lending X 100000 95253 0 1 1 Justin Wright Board Member Family Micro-lending X 72000 81724 0 1 1 Joseph DeNicola Board Member Micro-lending X 50000 48099 0 1 1 Alan Wright Board President Micro-lending X 38000 35136 0 1 1 V Scott Bihl Board Member Micro-lending X 35000 32855 0 1 1 Peter Guarino Board Member Micro-lending X 31543 28971 0 1 1 Rachel Lindsay Board Member Micro-lending X 20000 18796 0 1 1 Delaura Padovan-Hickman Board Member Micro-lending X 18000 18020 0 1 1 George Lindsay Board Member Family Micro-lending X 20000 16897 0 1 1 Maren Padovan-Hickman Board Member Family Micro-lending X 12000 12013 0 1 1 Oliver Kline Board Member Family Micro-lending X 10000 9506 0 1 1 397270 Form 990, Part VI, Section B, Line 11b The return is prepared by the ED based on information developed during the process of preparing internal financial statements. A draft of the return is provided to the Board President who reviews the return for completeness and accuracy. The 990 return is emailed to the Board prior to filing. Form 990, Part VI, Section B, Line 12c The Board reviews the policy annually for individual and collective compliance Form 990, Part VI, Section C, Line 19 The key governing documents, policies and financial statements are made available to the public on the website. Financial statements are also emailed to investors. Not late.