2024-05-13T17:54:24-05:00 2023-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2022-07-01 731502797 GRAMEEN FOUNDATION USA GRAM 2026283560 1400 K STREET NW 1255 WASHINGTON DC 20005 ZUBAIDA BAI PRESIDENT AND CEO 2026283560 2024-05-13 1 ZUBAIDA BAI XXX-XX-XXXX 0 RICHARD J LOCASTRO CPA P00288314 3019519090 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z ZUBAIDA BAI 1400 K STREET NW 1255 WASHINGTON DC 20005 11349501 0 X WWW.GRAMEENFOUNDATION.ORG X 1996 OK TO ENABLE THE POOR, ESPECIALLY WOMEN, TO CREATE A WORLD WITHOUT POVERTY AND HUNGER. 16 16 27 82 0 0 9701171 9385238 951135 979838 48210 17281 -129019 12562 10571497 10394919 419118 391202 0 0 4092758 4324363 0 0 262367 6032952 6711517 10544828 11427082 26669 -1032163 9461534 8807405 5486088 5807432 3975446 2999973 X GRAMEEN FOUNDATION USA EMPOWERS THE POOR, ESPECIALLY WOMEN, TO CREATE A WORLD WITHOUT POVERTY AND HUNGER. 0 0 5652961 382759 FINANCIAL SERVICES: IN FY23, GRAMEEN FOUNDATION USA (GRAMEEN) LED 20 DIGITAL FINANCIAL SERVICES PROJECTS. WE ONBOARDED OVER 2,000 NEW COMMUNITY AGENTS, INDIVIDUALS WHO PROVIDE CRITICAL FINANCIAL INCLUSION AND HEALTH SERVICES. ON AVERAGE, AGENTS REACH 240 CLIENTS IN REMOTE AREAS OF THE WORLD AND BY SUPPORTING CLIENTS WITH ACCESS TO FINANCIAL SERVICES THEY INCREASE THEIR INCOME BY 20-70%.IN FY23, GRAMEEN CONCLUDED WOMEN AND GIRLS EMPOWERED (WAGE) PROGRAMMING AROUND THE WORLD. DURING THE PROJECT'S SIX-YEAR TENURE, GRAMEEN (AS A LEAD FOR WOMEN ECONOMIC EMPOWERMENT (WEE) INITIATIVES UNDER WAGE) LED OR SUPPORTED SIX INITIATIVES ACROSS SEVEN COUNTRIES, GHANA, ESWATINI, HONDURAS, EL SALVADOR, MYANMAR, SRI LANKA, AND TIMOR-LESTE. GRAMEEN WORKED IN COLLABORATION WITH THE WAGE CONSORTIUM TO BUILD THE CAPACITY OF LOCAL CIVIL SOCIETY ORGANIZATIONS (CSOS), PRIVATE SECTOR ORGANIZATIONS (PSOS) AND OTHER STAKEHOLDERS, INCLUDING COMMUNITY WOMEN LEADERS, AND WOMEN ENTREPRENEURS AND THEIR PARTNERS, TO STRENGTHEN THEIR WORK TO ADVANCE WEE WHILE PREVENTING AND RESPONDING TO GENDER-BASED VIOLENCE (GBV), INCLUDING GBV AS AN UNINTENDED NEGATIVE CONSEQUENCE OF WEE INITIATIVES. BY PROJECT COMPLETION, GRAMEEN HAD PROVIDED A RANGE OF TECHNICAL ASSISTANCE (TA) IN THE FORM OF RESEARCH, GENDER AND GBV AWARENESS WORKSHOPS AND ACTION PLANS, THE DESIGN OF CLIENT-FACING CURRICULUM ON A VARIETY OF TOPICS FROM RESILIENCE TO DIGITAL LITERACY, INCREASED ACCESS TO MICROENTERPRISE CREDIT, THE ESTABLISHMENT OF FEMALE DIGITAL FINANCIAL SERVICES AGENT BUSINESSES, AND SUPPORTED THE DEVELOPMENT OF COMMUNITIES OF PRACTICE TO ADVANCE INTEGRATED PROGRAMMING IN WEE AND GBV. IN TOTAL GRAMEEN ENGAGED 36 LOCAL PARTNERS, 23 WERE CSOS AND 13 WERE PSOS WHICH ALLOWED PARTNERS TO IMPROVE THEIR SERVICES TO 640,064 WOMEN AND GIRLS.THEY HAVE ALSO BEEN TRAINED ON GENDER-BASED VIOLENCE MITIGATION RESOURCES, AND TOGETHER WE'RE ADDRESSING HARMFUL CULTURAL PRACTICES THAT RESULT IN GENDER-BASED VIOLENCE. 1513494 979838 STRENGTHENING ORGANIZATIONS: GRAMEEN FOUNDATION USA (GRAMEEN) BUILDS UP THE INTERNATIONAL DEVELOPMENT ECOSYSTEMS THAT SUPPORT MILLIONS OF WOMEN AND GIRLS AS THEY WORK THEIR WAY OUT OF POVERTY. WE FOCUS ON EQUIPPING LOCAL ORGANIZATIONS, STAKEHOLDERS, AND FINANCIAL PROVIDERS WITH ACCESSIBLE TECHNOLOGY AND GENDER EQUITY TRAINING TO HELP THEM SERVICE MARGINALIZED FAMILIES AT THE LAST MILE. WE DO THIS THROUGH PROGRAMMATIC WORK AS WELL AS THROUGH OUR WHOLLY OWNED SUBSIDIARY, TAROWORKS, WHICH PROVIDES AN OFFLINE MOBILE APP BUILDER ALLOWING NONPROFITS AND SOCIAL ENTERPRISES TO MAKE DATA-DRIVEN DECISIONS, AND EMPOWER FRONTLINE AGENTS WITH INFORMATION CAPITAL. IN SRI LANKA, WE WORKED WITH 16 WOMEN'S ENTREPRENEUR GROUPS, CALLED WILL CLUBS, TO HELP THEM ACCESS LOANS, PROVIDE CREDIT, FOUND MICROBUSINESSES, AND CONNECT WITH LOCAL POLITICIANS AND BUSINESSES. IN FY 23, THROUGH OUR BANKERS WITHOUT BORDERS PROGRAM, WE MOBILIZED THE TIME AND TALENT OF OUR VOLUNTEERS TO CONTRIBUTE 5,487 HOURS WORTH $558,872.36 IN IN-KIND SERVICES TO FARMING COOPERATIVES AND SMALL BUSINESSES AROUND THE WORLD. 925640 HEALTH & AGRICULTURAL SOLUTIONS: IN FY23, GRAMEEN FOUNDATION USA (GRAMEEN) CONTINUED ITS WORK TO HELP SMALLHOLDER FARMERS REDUCE THEIR VULNERABILITY TO SHOCKS SUCH AS CLIMATE CHANGE, EXTREME WEATHER EVENTS, CROP DISEASE, PESTS, AND MARKET VULNERABILITY WITH 16 PROJECTS PRIMARILY FOCUSED ON AGRICULTURE.AGRIPATH: GRAMEEN PROMOTES CLIMATE-SMART AGRICULTURAL PRACTICES INCLUDING INTER-CROPPING, WATER AND IRRIGATION MANAGEMENT AS WELL AS RESILIENCE PLANNING. ALTHOUGH AGRIPATH LAUNCHED IN FY21, IT IS A 5-YEAR PROJECT AND IN FY23 THE PROJECT LAUNCHED A HUMAN-CENTERED DESIGN PROCESS FOR A DIGITAL APPLICATION AIMED AT BRINGING SUSTAINABLE LAND MANAGEMENT PRACTICES TO MORE THAN 50,000 SMALLHOLDER MEN AND WOMEN FARMERS, SPANNING 5 COUNTRIES. BARRY CALLEBAUT: IN THE PHILIPPINES, WE CONTINUED TO WORK WITH 10 FARMER COOPERATIVES, SUPPORTING THEM TO GENERATE A SUSTAINABLE SUPPLY OF COCONUT OIL, AND IMPROVE THE LIVELIHOODS OF OVER 8,000 SMALLHOLDER FARMERS. WE ALSO BUILT OUT A TRACEABILITY SYSTEM TO TRACK THE VOLUME OF COPRA (DRIED COCONUT MEAT) BEING SOLD TO PARTNER OIL MILLS, ENABLING COOPERATIVES AND THEIR FARMER MEMBERS TO BE MORE AWARE OF THE VOLUME BEING TRADED, AND THE QUALITY OF THEIR VOLUME, AND IDENTIFYING WAYS TO INCREASE AND IMPROVE BOTH.IN INDIA, GRAMEEN IS WORKING WITH 56 FARMER PRODUCER ORGANIZATIONS (FPOS) ACROSS TWO STATES, REACHING OVER 40,000 SMALLHOLDER FARMERS. THE PROJECT AIMS TO STRENGTHEN THE FPOS' BUSINESS REVENUE, ENABLE GREATER WOMEN SMALLHOLDER FARMER PARTICIPATION, AND CONNECT FPOS AND SMALLHOLDER FARMERS WITH APPROPRIATE CLIMATE SMART TECHNOLOGIES AND FINANCIAL PRODUCTS. 285216 8443 REGIONAL PROGRAMS: GRAMEEN FOUNDATION USA (WITH FREEDOM FROM HUNGER AS A SUPPORTING ORGANIZATION) SERVES POOR COMMUNITIES IN ASIA, LATIN AMERICA, AND SUB-SAHARAN AFRICA. IN INDIA, WE WORK THROUGH OUR WHOLLY OWNED SUBSIDIARY, GRAMEEN FOUNDATION INDIA PRIVATE LIMITED. IN ADDITION, WE ARE PARTNERS IN A JOINT VENTURE, GRAMEEN CAPITAL INDIA. IN FY23, WE HAD ACTIVE PROJECTS IN BURKINA FASO, EL SALVADOR, ESWATINI, GHANA, GUATEMALA, HONDURAS, INDIA, MARSHALL ISLANDS, NAURU, NEPAL, PALAU, PHILIPPINES, SENEGAL, SRI LANKA, TANZANIA, TIMOR LESTE, TUVALU, AND UGANDA. 373380 PUBLIC EDUCATION: IN FY23, GRAMEEN FOUNDATION USA RAISED PUBLIC AWARENESS ABOUT SUCCESSFUL POVERTY EFFORTS THROUGH IN PERSON EVENTS, WEBINARS, BLOGS, SOCIAL MEDIA POSTS, AND PRINT AND EMAIL PUBLICATIONS, PLUS SPEAKING ENGAGEMENTS BY OUR CEO. 658596 8443 8750691 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 0 1 17 0 1 27 1 0 1 GH KE RP UG 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X X ZUBAIDA BAI 2026283560 1400 K STREET NW 1255 WASHINGTON DC 20005 ELISABETH HOLMES RHYNE CHAIR 4.00 X X 0 0 0 NEELA SALDANHA VICE CHAIR 4.00 X X 0 0 0 ARTHUR GOSHIN TREASURER 4.00 2.00 X X 0 0 0 JENNIFER DARLINGTON SECRETARY 4.00 X X 0 0 0 BEVERLY MORRIS ARMSTRONG BOARD 4.00 2.00 X 0 0 0 MARIE-RENEE BAKKER BOARD 4.00 X 0 0 0 ELLEN BREYER BOARD (END 02/23) 4.00 X 0 0 0 SHEILA CHESTON BOARD (BEG. 06/23) 4.00 X 0 0 0 PETER COWHEY BOARD (END 02/23) 4.00 X 0 0 0 KATHY DYER BOARD 4.00 X 0 0 0 CARLOS JOSE FONSECA BOARD 4.00 X 0 0 0 VIKRAM GANDHI BOARD 4.00 X 0 0 0 BILL HAMM BOARD (END 02/23) 4.00 X 0 0 0 LAUREN HENDRICKS BOARD (BEG. 08/22) 4.00 X 0 0 0 LESLIE HYMAN BOARD 4.00 X 0 0 0 GOPI KALLAYIL BOARD (BEG. 08/22) 4.00 X 0 0 0 JEFF SCOTT BOARD (BEG. 10/22) 4.00 X 0 0 0 MARIANNE UDOW-PHILLIPS BOARD 4.00 2.00 X 0 0 0 DANIEL BENJAMIN WOLFSON BOARD 4.00 X 0 0 0 BRENT CHISM INTERIM CEO (END 10/22) 38.00 2.00 X 247942 0 8750 CESAR DURON DIRECTOR, GLOBAL HR 38.00 2.00 X 131962 0 26788 HERMINIA RUBIO GUTIERREZ ACTING CFO 38.00 2.00 X 157177 0 0 AMELIA KUKLEWICZ EXECUTIVE VP PROGRAMS 38.00 2.00 X 114881 0 32490 CONAN WICKHAM DIRECTOR, FINANCE 38.00 2.00 X 130627 0 14679 KATE BARTHOLOMEUSZ SR DIR., DEV'L, MARK. & COMM. 38.00 2.00 X 115767 0 16136 ZUBAIDA BAI PRESIDENT & CEO (BEG. 11/22) 38.00 2.00 X 69076 0 3321 BRIANNE FISCHER GENERAL COUNSEL 19.00 1.00 X 14721 0 0 MARLEN DIVINA DIRECTOR, FINANCE (BEG. 09/22) 38.00 2.00 X 13235 0 363 ELAINE CHANG TAROWORKS COO 40.00 X 144042 0 11205 ARLYN GIGI GATTI DIRECTOR, TECH. FOR DEV'L 40.00 X 129220 0 17575 EMILY ROMERO SR DIR., INSTITUTIONAL RELATIONS 40.00 X 133949 0 8128 SABRINA QUARAISHI DIR., BANKERS WITHOUT BORDERS 40.00 X 120169 0 14349 HEIDI PETERSON SR DIRECTOR, FUNDRAISING 40.00 X 122407 0 6954 1645175 0 160738 14 0 1 0 HERMINIA RUBIO GUTIERREZ SERGIO JATIVA N33-03E IGNACIO QUITO EC CFO SERVICES 157177 RUSSELL REYNOLDS ASS INC 101 CALIFORNIA ST 4200 SAN FRANCISCO CA 94111 LEADERSHIP SEARCH PROF. FEE 115000 GRF CPAS & ADVISORS 4550 MONTGOMERY AVENUE STE 800N BETHESDA MD 20814 AUDIT SERVICES 103088 3 238000 2678716 6468522 146434 9385238 PROGRAM FEES 900099 979838 979838 979838 66558 66558 905305 954582 -49277 -49277 -49277 OTHER REVENUE 900099 23599 23599 CURRENCY EXCHANGE LOSS 900099 -11037 -11037 12562 10394919 979838 0 29843 X 391202 391202 1361841 378661 909891 73289 2360389 1959191 322917 78281 87951 45408 38501 4042 272354 161472 98938 11944 241828 130561 99189 12078 186351 110285 75917 149 132210 36460 95421 329 600 600 4388320 4039428 343343 5549 40947 30443 10504 208153 68698 88348 51107 525011 386597 127665 10749 105553 74775 27540 3238 475817 401555 74239 23 214073 167041 46998 34 149 149 75953 44262 28357 3334 TRANSFER PRICING MARGIN 207842 207842 VEHICLES 53203 53174 26 3 EQUIP/VEH, REPAIR/MAINT 30349 29093 1137 119 DUES AND CONFERENCE 16518 7563 8955 50468 26831 15538 8099 11427082 8750691 2414024 262367 2595113 3834160 3029971 2047920 1080540 515035 403094 235515 767174 357966 147584 147584 0 0 880030 949708 668808 685588 36804 181513 9461534 8807405 1240097 1257194 460838 699202 3785153 3851036 5486088 5807432 X 3889150 2901358 86296 98615 3975446 2999973 9461534 8807405 X -1032163 73529 -16839 X 0 1 X 1 1 1 X 4028255 6078473 9729276 9701171 9385238 38922413 4028255 6078473 9729276 9701171 9385238 38922413 8294848 30627565 57267 40590 41043 35274 66558 240732 -2486 19356 72113 -129019 12562 -27474 39135671 4673811 0.78260 0.78720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 11427082 11427082 721354 180339 0 0 565492 633291 677241 721354 2597378 3896067 141373 158323 169310 180339 649345 974018 147584 147584 0 0 GRAMEEN CAPITAL INDIA LTD 23925 F GRAMEEN FOUNDATION INDIA PRIVATE LIMITED 599306 C RADAUR HOLDINGS 62357 F 685588 REFUNDABLE ADVANCE 3743418 DEFERRED RENT LIABILITY 107618 3851036 12837883 73529 666186 1941849 2681564 10156319 600 238000 238600 10394919 13878276 666186 3491376 4157562 9720714 600 1705768 1706368 11427082 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES FROM SUBSIDIARIES INCLUDED IN REVENUE ON 1,941,849. THE CONSOLIDATED FINANCIAL STATEMENTS AND EXCLUDED FROM GRAMEEN FOUNDATION USA FORM 990. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT RECEIVED FROM SUBSIDIARY ELIMINATED IN THE 238,000. CONSOLIDATED FINANCIAL STATEMENTS AND INCLUDED IN THE GRAMEEN FOUNDATION USA FORM 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES INCLUDED IN EXPENSES ON THE CONSOLIDATED FINANCIAL STATEMENTS AND EXCLUDED FROM 3,491,376. THE GRAMEEN FOUNDATION USA FORM 990 PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICES FROM SUBSIDIARY ELIMINATED IN THE CONSOLIDATED 1,705,768. FINANCIAL STATEMENTS AND INCLUDED WITH THE GRAMEEN FOUNDATION USA FORM 990 1 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 117748 EAST ASIA AND THE PACIFIC 1 24 GRANTS TO RECIPIENTS LOCATED IN REGION 89842 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 43166 SUB-SAHARAN AFRICA 3 12 GRANTS TO RECIPIENTS LOCATED IN REGION 140446 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 912066 SOUTH ASIA 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 4253246 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 1010686 SOUTH AMERICA 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 370130 SOUTH ASIA 0 0 INVESTMENTS 86283 4 36 0 0 4 36 6937330 86283 7023613 SOUTH AMERICA WOMEN'S ECONOMIC EMPOWERMENT 20534 WIRE TRANSFER 0 SOUTH AMERICA WOMEN'S ECONOMIC EMPOWERMENT 13171 WIRE TRANSFER 0 SOUTH AMERICA WOMEN'S ECONOMIC EMPOWERMENT 9461 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 39512 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 5849 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 12905 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 14664 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC DIGITAL FINANCIAL SERVICES 16913 WIRE TRANSFER 0 SUB-SAHARAN AFRICA DIGITAL FINANCIAL SERVICES 14700 WIRE TRANSFER 0 SUB-SAHARAN AFRICA DIGITAL FINANCIAL SERVICES 26434 WIRE TRANSFER 0 SUB-SAHARAN AFRICA BUILDING FEMALE AGENT NETWORKS 18218 WIRE TRANSFER 0 SUB-SAHARAN AFRICA BUILDING FEMALE AGENT NETWORKS 20363 WIRE TRANSFER 0 SUB-SAHARAN AFRICA BUILDING FEMALE AGENT NETWORKS 20755 WIRE TRANSFER 0 SUB-SAHARAN AFRICA BUILDING FEMALE AGENT NETWORKS 39976 WIRE TRANSFER 0 SOUTH ASIA BUILDING FEMALE AGENT NETWORKS 117748 WIRE TRANSFER 0 8 7 1 0 1 0 0 0 PART I, LINE 2: EACH GRANT AGREEMENT CONTAINS MULTIPLE COVENANTS REGARDING HOW THE GRANT IS TO BE USED - IN ACCORDANCE WITH THE APPROVED BUDGET, NOT TO BENEFIT ANY PRIVATE INDIVIDUAL, FOR NO NON-CHARITABLE ACTIVITIES, IN COMPLIANCE WITH ALL LOCAL LAWS, IN COMPLIANCE WITH THE FOREIGN CORRUPT PRACTICES ACT, ETC. IN ADDITION, EACH GRANTEE IS REQUIRED TO SUBMIT A DETAILED OPERATING REPORT TO GRAMEEN FOUNDATION USA WITHIN 10 DAYS AFTER THE END OF THE GRANT TERM. GRANTEES ARE REQUIRED TO MAINTAIN A FULL AND ACCURATE RECORD OF THE RECEIPTS AND DISBURSEMENTS UNDER THE GRANT AND RETAIN SUCH BOOKS AND RECORDS FOR AT LEAST FOUR YEARS AFTER COMPLETION OF THE USE OF THE GRANT. ALL GRANTEES ARE REQUIRED TO ALLOW FIELD VISITS OR AUDITS BY GRAMEEN FOUNDATION, WHICH WE CONDUCT RANDOMLY. LASTLY, MANY GRANT RECIPIENTS ARE REQUIRED TO SUBMIT QUARTERLY FINANCIAL AND OPERATIONAL PERFORMANCE REPORTS. PART III ACCOUNTING METHOD: X X 0 0 0 0 0 0 0 1 0 BRENT CHISM INTERIM CEO (END 10/22) 247942 0 0 0 0 0 7450 0 1300 0 256692 0 0 0 CESAR DURON DIRECTOR, GLOBAL HR 131962 0 0 0 0 0 2766 0 24022 0 158750 0 0 0 HERMINIA RUBIO GUTIERREZ ACTING CFO 157177 0 0 0 0 0 0 0 0 0 157177 0 0 0 ELAINE CHANG TAROWORKS COO 131042 0 13000 0 0 0 4398 0 6807 0 155247 0 0 0 PART I, LINE 7 ELAINE CHANG AND ZUBAIDA BAI RECEIVED BONUSES OF $13,000 AND $25,000, RESPECTIVELY. X 17 146434 FMV 0 0 0 PART I, COLUMN (B): THIS COLUMN INCLUDES THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 AND OTHER NON-PROFIT TAX RETURNS ARE PREPARED BY THE TAX DEPARTMENT OF THE AUDIT FIRM PERFORMING THE ANNUAL AUDIT OF THE ORGANIZATION'S FINANCIAL STATEMENTS. DRAFTS OF THE RETURNS ARE PRESENTED TO THE AUDIT COMMITTEE AND PRESIDENT/CEO FOR THEIR REVIEW. ONCE ALL NECESSARY CHANGES ARE MADE, THE FINAL RETURNS ARE PROVIDED ELECTRONICALLY TO ALL BOARD MEMBERS FOR THEIR REVIEW AND COMMENTS BEFORE THE RETURNS ARE FILED. FORM 990, PART VI, SECTION B, LINE 12C GRAMEEN FOUNDATION USA MAINTAINS A CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS, OFFICERS, EMPLOYEES, AND VOLUNTEERS. BOARD MEMBERS, OFFICERS, AND STAFF WITH SIGNATURE AUTHORITY ARE REQUIRED TO COMPLETE AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY, HIGHLIGHTING ANY POTENTIAL CONFLICTS. ADDITIONALLY, ALL BOARD AND STAFF ARE EXPECTED TO MAKE POTENTIAL CONFLICTS KNOWN TO THE EXECUTIVE LEADERSHIP TEAM OR BOARD OF DIRECTORS. UNTIL GRAMEEN FOUNDATION USA APPROVES ACTIONS TO MITIGATE OR OTHERWISE RESOLVE THE CONFLICT, THE GRAMEEN FOUNDATION USA STAFF OR BOARD MEMBER MUST ABSTAIN FROM PARTICIPATING IN ANY DISCUSSIONS, DELIBERATIONS, DECISIONS OR VOTING RELATED TO THE CONFLICT OF INTEREST. DISREGARDING OR FAILING TO COMPLY WITH THE CONFLICT OF INTEREST POLICY COULD LEAD TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION OF EMPLOYMENT. FORM 990, PART VI, SECTION B, LINE 15 THE GRAMEEN FOUNDATION USA BOARD OF DIRECTORS APPROVES THE SALARY OF THE CEO ANNUALLY AND OF EACH OFFICER UPON HIRING OR PROMOTION. MANAGEMENT PROVIDES THE BOARD WITH SALARY SURVEY INFORMATION RELATED TO COMPARABLE POSITIONS TO DETERMINE WHETHER SALARIES ARE REASONABLE. DISCUSSIONS AND DECISIONS ARE RECORDED IN THE CORPORATE MINUTES. IN SUBSEQUENT YEARS AFTER INITIAL BOARD APPROVAL, COMPENSATION ADJUSTMENTS FOR OTHER OFFICERS ARE DETERMINED BY THE CEO. THE LAST SALARY REVIEW WAS CONDUCTED IN FEBRUARY 2022. FORM 990, PART VI, SECTION C, LINE 19 GRAMEEN FOUNDATION USA MAKES ITS AUDITED FINANCIALS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT SERVICE: PROGRAM SERVICE EXPENSES 3,458. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 11. TOTAL EXPENSES 3,469. CONSULTANTS: PROGRAM SERVICE EXPENSES 86,201. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,201. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 2,398,557. MANAGEMENT AND GENERAL EXPENSES 343,000. FUNDRAISING EXPENSES 5,527. TOTAL EXPENSES 2,747,084. CONTRACTORS' EXPENSES: PROGRAM SERVICE EXPENSES 34,997. MANAGEMENT AND GENERAL EXPENSES 343. FUNDRAISING EXPENSES 11. TOTAL EXPENSES 35,351. TRANSLATION FEES: PROGRAM SERVICE EXPENSES 18,290. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,290. SERVICES WITH GFI: PROGRAM SERVICE EXPENSES 1,497,925. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,497,925. FORM 990, PART XI, LINE 9: FY23 GFHQ INTERCOMPANY BALANCING -418. FX INVESTMENT LOSS -16,421. TAROWORKS LLC 1400 K STREET NW SUITE 1255 WASHINGTON DC 20005 473737302 MOBILE PRODUCTS TO HELP SOCIAL ENTERPRISES DE -1223803 452484 GRAMEEN FOUNDATION USA FREEDOM FROM HUNGER 1400 K STREET NW SUITE 1255 WASHINGTON DC 20005 951647835 SUPPORTING ORGANIZATION TO GRAMEEN FOUNDATION USA CA 501(C)(3) LINE 12A, I GRAMEEN FOUNDATION USA 1 GRAMEEN FOUNDATION FOR SOCIAL IMPACT E-86 LOWER GROUND FL SUNCITY SEC GURUGRAM HARYANA IN ACTIVITIES AND SERVICES THAT IMPACT THE LIVES OF THE POOR, ESPECIALLY WOMEN IN 501(C)(3) GRAMEEN FOUNDATION INDIA 1 GRAMEEN FOUNDATION INDIA PRIVATE LIMITED E-86 LOWER GROUND FL SUNCITY SEC GURUGRAM HARYANA IN 473737302 MICROFINANCE AND TECHNOLOGY SERVICES TO BENEFIT THE POOR IN GRAMEEN FOUNDATION USA C 2181143 1030562 1.00000 1 GRAMEEN IMPACT VENTURES PRIVATE LIMITED E-86 LOWER GROUND FL SUNCITY SEC GURUGRAM HARYANA IN SCALABLE INNOVATIVE DIGITAL SOLUTIONS TO BENEFIT LOW-INCOME COMMUNITIES IN GRAMEEN FOUNDATION INDIA PRIVATE LIMITED C 188573 156274 1.00000 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 FREEDOM FROM HUNGER C 238000 FMV OF CONTRIBUTION GRAMEEN FOUNDATION INDIA PRIVATE LIMITED M 1453483 COST PLUS ALLOCATED EXPENSES GRAMEEN FOUNDATION IMPACT VENTURES M 100000 COST PLUS ALLOCATED EXPENSES GRAMEEN FOUNDATION FOR SOCIAL IMPACT M 152284 COST PLUS ALLOCATED EXPENSES