Nonprofit · EIN 20-8497991
GRAMEEN AMERICA INC
Tax-exempt · NEW YORK, NY 10001
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $141,839,076 | $45,331,257 | $96,507,819 | $526,174,952 | $228,843,596 | $297,331,356 |
| December 31, 2023 | 990 | $83,384,408 | $32,943,033 | $50,441,375 | $374,435,374 | $174,138,759 | $200,296,615 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $84,309,915
- of which government grants
- $2,485,000
- Program service revenue
- $54,296,895
- Investment income
- $2,918,723
- Net gain from sales of assets
- -$13
- Other revenue
- $313,543
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,758,695
- Other salaries and wages
- $22,689,852
- Salaries, compensation and benefits (total)
- $28,399,600
- Professional fundraising fees
- $0
- Legal fees
- $415,959
- Accounting fees
- $243,619
- Occupancy
- $1,012,005
- Travel
- $603,220
- Depreciation
- $724,601
- Program services (functional)
- $42,014,795
- Management and general (functional)
- $2,086,279
- Fundraising (functional)
- $1,230,183
Balance sheet and other
- Total assets, start of year
- $374,435,374
- Total assets, end of year
- $526,174,952
- Total liabilities, end of year
- $228,843,596
- Net assets, end of year
- $297,331,356
- Land, buildings and equipment
- $2,372,348
- Net assets without donor restrictions
- $262,406,903
- Net assets with donor restrictions
- $34,924,453
- Gross receipts
- $141,849,164
- Employees
- 477
- Volunteers
- 14
- Year formed
- 2007
- State of legal domicile
- MA
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA JUNG | PRESIDENT & CEO Trustee or director, Officer | 40 | $638,041 | $16,546 |
| LUCAS RAMIREZ | CFO Officer | 40 | $362,335 | $17,196 |
| PATRICIA CHOI | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 40 | $349,507 | $16,510 |
| DIANA SACCHI | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $290,255 | $17,650 |
| HABIB CHOWDHURY | VP, NATIONAL OPERATIONS Highest-paid employee | 40 | $238,843 | $29,221 |
| MIRIAM BENITEZ NIEVES | SEC. & VP OF LEGAL Officer | 40 | $227,568 | $16,348 |
| RAJITHA SWAMINATHAN | VP, PROGRAM STRATEGY & MEMBER SVCS Key employee | 40 | $230,149 | $12,256 |
| MARCUS BERKOWITZ | CHIEF PRODUCT & INNOVATION OFFICER Highest-paid employee | 40 | $222,729 | $18,504 |
| JILL MONUM | VP, DEVELOPMENT & MARKETING Key employee | 40 | $231,768 | $6,488 |
| GREGORY JOHN MANN | VP, CULT & ENGAGEMENT Highest-paid employee | 40 | $220,749 | $7,706 |
| PROFESSOR MUHAMMAD YUNUS | CO-CHAIR (THRU 09/2024) Trustee or director, Officer | 5 | $0 | $9,461 |
| JOHN F MEGRUE | CO-CHAIR Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL D GRANOFF | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| VIDAR J JORGENSEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAREN PRITZKER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
10 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAHMOUD MAMDANI | DIRECTOR Trustee or director | 0.5 | $0 |
| BENJAMIN FARKAS | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT ANNIBALE | DIRECTOR Trustee or director | 0.5 | $0 |
| NANDITA BAKHSHI | DIRECTOR Trustee or director | 0.5 | $0 |
| LORI DICKERSON FOUCHE | DIRECTOR Trustee or director | 0.5 | $0 |
| JENNIFER R JACKSON | DIRECTOR Trustee or director | 0.5 | $0 |
| MARIA C ALONSO | DIRECTOR Trustee or director | 0.5 | $0 |
| TASMINA RAHMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| ADRIANA P TORRES | DIRECTOR Trustee or director | 0.5 | $0 |
| MILEYKA BURGOS-FLORES | DIRECTOR (AS OF 06/2024) Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANDREA JUNG | PRESIDENT & CEO Trustee or director, Officer | 37.5 | $628,494 | $20,915 |
| LUCAS RAMIREZ | CFO (AS OF 03/2023) Officer | 39 | $316,109 | $4,280 |
| DIANA SACCHI | CHIEF HUMAN RESOURCES OFFICER Highest-paid employee | 40 | $276,013 | $21,336 |
| PATRICIA CHOI | CHIEF TECHNOLOGY OFFICER Highest-paid employee | 40 | $277,430 | $17,782 |
| HABIB CHOWDHURY | VP, NATIONAL OPERATIONS Highest-paid employee | 40 | $222,986 | $39,933 |
| ALETHIA MENDEZ | DIVISION PRESIDENT Highest-paid employee | 40 | $241,908 | $16,876 |
| MARCUS BERKOWITZ | CHIEF PRODUCT & INNOVATION OFFICER Highest-paid employee | 40 | $217,483 | $25,638 |
| MIRIAM BENITEZ NIEVES | SEC. & VP OF LEGAL Officer | 40 | $214,550 | $18,061 |
| RAJITHA SWAMINATHAN | VP, PROGRAM STRATEGY & MEMBER SVCS Key employee | 40 | $208,737 | $21,277 |
| JILL MONUM | VP, DEVELOPMENT & MARKETING Key employee | 40 | $223,686 | $5,801 |
| DAVID GOUGH | EXEC VP & CFO (THRU 03/2023) Officer | 39 | $94,760 | $4,789 |
| PROFESSOR MUHAMMAD YUNUS | CO-CHAIR Trustee or director, Officer | 5 | $0 | $8,413 |
| JOHN F MEGRUE | CO-CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL D GRANOFF | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| VIDAR J JORGENSEN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KAREN PRITZKER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MAHMOUD MAMDANI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BENJAMIN FARKAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ABDUL HAI KHAN | DIRECTOR (THRU 03/2023) Trustee or director | 0.5 | $0 | $0 |
| ROBERT ANNIBALE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| NANDITA BAKHSHI | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LORI DICKERSON FOUCHE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER R JACKSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARIA C ALONSO | DIRECTOR (AS OF 06/2023) Trustee or director | 0.5 | $0 | $0 |
| TASMINA RAHMAN | DIRECTOR (AS OF 06/2023) Trustee or director | 0.5 | $0 | $0 |
| ADRIANA P TORRES | DIRECTOR (AS OF 06/2023) Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 276 5TH AVE RM 505, NEW YORK, NY 10001-4527
- In care of
- % ANDREW HORROW CPA
- Principal officer (990 for 2024)
- ANDREA JUNG, 82-11 37TH AVENUE 607, JACKSON HEIGHTS, NY 11372
- Signed the 990
- LUCAS RAMIREZ, CFO
- Phone
- (718) 704-0438
- Website
- WWW.GRAMEENAMERICA.ORG
- Return prepared by
- GRANT THORNTON ADVISORS LLC
Mission
SEE SCHEDULE O.
Program accomplishments
- GRAMEEN AMERICA IS DEDICATED TO HELPING LOW-INCOME ENTREPRENEURIAL WOMEN BUILD BUSINESSES TO ENABLE FINANCIAL MOBILITY.Expenses $42,014,795 · revenue $54,296,895
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8497991
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $626,838,062
- Income (IRS master file)
- $96,942,137
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $141,839,076 | $45,331,257 | $526,174,952 | XML |
| 990 | December 2023 | $83,384,408 | $32,943,033 | $374,435,374 | XML |
| 990 | December 2022 | $46,396,843 | $28,290,820 | $278,769,129 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 20-8497991).
Questions about GRAMEEN AMERICA INC
- What is the EIN of GRAMEEN AMERICA INC?
- The employer identification number (EIN) of GRAMEEN AMERICA INC is 20-8497991.
- Is GRAMEEN AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to GRAMEEN AMERICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRAMEEN AMERICA INC 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 GRAMEEN AMERICA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRAMEEN AMERICA INC 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 GRAMEEN AMERICA INC?
- The 990 for the year ended December 31, 2024 names ANDREA JUNG.
- Who are the officers and directors of GRAMEEN AMERICA INC?
- The 990 for the year ended December 31, 2024 lists 25 people; 10 received compensation from the organization, the highest $638,041 (ANDREA JUNG, PRESIDENT & CEO).
- How much revenue does GRAMEEN AMERICA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $141,839,076, expenses of $45,331,257 and total assets of $526,174,952 at year end.
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