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Nonprofit · EIN 20-1175839

BOULDER INSTITUTE OF MICROFINANCE

Tax-exempt · SYRACUSE, NY 13202

Financials

$103K$353K2023$166K$278K2024
Revenue Expenses · by fiscal year end
Financials of BOULDER INSTITUTE OF MICROFINANCE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$166,285$277,693-$111,408$660,368$68,665$591,703
December 31, 2023990$103,296$352,507-$249,211$779,684$76,573$703,111
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$164,532
Investment income
$1,753
Other revenue
$0

Expenses

Grants and similar amounts paid
$25,776
Compensation of officers, directors and key employees
$75,920
Other salaries and wages
$20,989
Salaries, compensation and benefits (total)
$101,309
Professional fundraising fees
$0
Accounting fees
$14,571
Occupancy
$17,958
Travel
$16,058
Depreciation
$1,496
Program services (functional)
$89,755
Management and general (functional)
$187,938

Balance sheet and other

Total assets, start of year
$779,684
Total assets, end of year
$660,368
Total liabilities, end of year
$68,665
Net assets, end of year
$591,703
Land, buildings and equipment
$1,723
Net assets without donor restrictions
$591,703
Gross receipts
$166,285
Employees
2
Volunteers
4
Year formed
2004
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ROBERT PECK CHRISTENPRESIDENT
Trustee or director, Officer
25$60,011$6,909
CONSUELO MUNOZ ARAYAMEMBER
Trustee or director
40$9,000$0
SOUSAN URROZ-KOROISECRETARY
Trustee or director, Officer
0.5$0$0
RICHARD ROSENBERGMEMBER
Trustee or director
0.5$0$0
LUCY LAWRENCEMEMBER
Trustee or director
0.5$0$0
DJIBRIL MBENGUEMEMBER
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
ROBERT PECK CHRISTENPRESIDENT
Trustee or director, Officer
25$90,000$9,506
CONSUELO MUNOZ ARAYAMEMBER
Trustee or director
40$25,000$4,093
ZACH FULLERTREASURER
Trustee or director, Officer
0.5$12,000$0
DJIBRIL MBENGUEMEMBER
Trustee or director
0.5$0$0
LUCY LAWRENCEMEMBER
Trustee or director
0.5$0$0
RICHARD ROSENBERGMEMBER
Trustee or director
0.5$0$0
SOUSAN URROZ-KOROISECRETARY
Trustee or director, Officer
0.5$0$0

Address and contacts

Address (IRS master file)
120 EAST WASHINGTON STREET, SYRACUSE, NY 13202-4000
Principal officer (990 for 2024)
ROBERT PECK CHRISTEN, 120 EAST WASHINGTON STREET, SYRACUSE, NY 13202
Signed the 990
ROBERT PECK CHRISTEN, PRESIDENT
Phone
(315) 760-3091
Return prepared by
BONADIO & CO LLP

Mission

TO CONTRIBUTE TO A RAPID INCREASE IN THE ACCESS OF FAMILIES LIVING ON LESS THAN TWO DOLLARS A DAY TO A FULL RANGE OF SAFE, AFFORDABLE, AND EASY TO USE FORMAL FINANCIAL SERVICES, DELIVERED THROUGH A FINANCIAL ECOSYSTEM IN WHICH A VARIETY OF PARTNERS SPECIALIZE IN DIFFERENT PARTS.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE MICROFINANCE TECHNICAL TRAINING TO THE PRACTITIONERS OF THIS FIELD AROUND THE WORLD AND TO REDUCE POVERTY THROUGH MICROFINANCE TRAINING.
    Expenses $89,755 · grants $25,776 · revenue $164,532

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-1175839
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B40)
Assets (IRS master file)
$660,368
Income (IRS master file)
$166,285

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$166,285$277,693$660,368XML
990December 2023$103,296$352,507$779,684XML
990December 2022$454,055$843,223$1,023,602IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1175839).

Questions about BOULDER INSTITUTE OF MICROFINANCE

What is the EIN of BOULDER INSTITUTE OF MICROFINANCE?
The employer identification number (EIN) of BOULDER INSTITUTE OF MICROFINANCE is 20-1175839.
Is BOULDER INSTITUTE OF MICROFINANCE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to BOULDER INSTITUTE OF MICROFINANCE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does BOULDER INSTITUTE OF MICROFINANCE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BOULDER INSTITUTE OF MICROFINANCE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BOULDER INSTITUTE OF MICROFINANCE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of BOULDER INSTITUTE OF MICROFINANCE?
The 990 for the year ended December 31, 2024 names ROBERT PECK CHRISTEN.
Who are the officers and directors of BOULDER INSTITUTE OF MICROFINANCE?
The 990 for the year ended December 31, 2024 lists 6 people; 2 received compensation from the organization, the highest $60,011 (ROBERT PECK CHRISTEN, PRESIDENT).
How much revenue does BOULDER INSTITUTE OF MICROFINANCE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $166,285, expenses of $277,693 and total assets of $660,368 at year end.

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