2025-05-13T14:08:02-05:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 731502797 GRAMEEN FOUNDATION USA GRAM 2026283560 2001 L STREET NW 500 WASHINGTON DC 20036 ZUBAIDA BAI PRESIDENT AND CEO 2026283560 2025-05-13 1 0 RICHARD J LOCASTRO CPA P00288314 3019519090 2023 2025-03-06 01:10:19Z X ZUBAIDA BAI 2001 L STREET NW 500 WASHINGTON DC 20036 8020721 0 X WWW.GRAMEENFOUNDATION.ORG X 1996 OK SEE PART III, LINE 1. 14 14 29 155 0 0 9385238 6773804 979838 1064899 17281 104300 12562 30206 10394919 7973209 391202 283012 0 0 4324363 4373530 0 0 328011 6711517 4566851 11427082 9223393 -1032163 -1250184 8807405 5411694 5807432 3638214 2999973 1773480 X GRAMEEN FOUNDATION USA (GRAMEEN) IS COMMITTED TO BREAKING THE CYCLE OF POVERTY BY SUPPORTING WOMEN AND UNDERSERVED COMMUNITIES WITH THE RESOURCES THEY NEED TO THRIVE. OUR INNOVATIVE PROGRAMS ARE DESIGNED TO PROVIDE INDIVIDUALS, ESPECIALLY WOMEN, WITH ACCESS TO FINANCIAL SERVICES, TECHNOLOGY, AND KNOWLEDGE, ENABLING THEM TO BUILD SUSTAINABLE LIVELIHOODS. THROUGH A UNIQUE BLEND OF TECHNOLOGY-DRIVEN SOLUTIONS AND LOCALLY-LED INTERVENTIONS, GRAMEEN CONTINUES TO FOSTER ECONOMIC RESILIENCE, FINANCIAL INCLUSION, AND SOCIAL CHANGE IN SOME OF THE MOST VULNERABLE REGIONS OF THE WORLD. SIGNATURE PROGRAMS ARE CENTERED AROUND WOMEN ENTREPRENEURS, SMALLHOLDER FARMERS, AND YOUNG WOMEN, EXECUTED THROUGH OUR ABILITY TO INNOVATE, ADAPT TO EMERGING CHALLENGES, AND BUILD STRONGER, MORE RESILIENT COMMUNITIES. 0 0 3553589 279809 INVESTHER: HOLISTIC PROGRAMMING FOR WOMEN ENTREPRENEURS: IN FY24, GRAMEEN FOUNDATION USA (GRAMEEN) LED 20 FINANCIAL AND AGRICULTURAL SERVICES PROJECTS FOCUSED ON SUPPORTING PRIMARILY WOMEN ENTREPRENEURS AND YOUNG WOMEN WITH INCREASED ABILITY TO GROW INCOME, AGENCY, AND RESILIENCE. WE ONBOARDED OVER 600,000 NEW COMMUNITY AGENTS, INDIVIDUALS WHO PROVIDE CRITICAL FINANCIAL INCLUSION AND HEALTH SERVICES. ON AVERAGE, AGENTS REACH BETWEEN 150-400+ CLIENTS IN REMOTE AREAS OF THE WORLD AND SUPPORT CLIENTS WITH ACCESS TO FINANCIAL SERVICES (LIKE DIGITAL BILL PAYMENT AND ELECTRONIC TRANSFERS, THROUGH WHICH ACTIVITIES THEY INCREASE THEIR INCOME BY 20-70%.ONE KEY AREA OF GRAMEEN'S PROGRAMMING FOCUSES ON REFUGEES IN UGANDA, WHERE INTERVENTIONS LED TO INCREASED INCOME AND DRAMATICALLY DECREASED INTEREST RATES ON LOANS TO SUPPORT ENTREPRENEURSHIP. 1190087 1064899 STRENGTHENING ORGANIZATIONS: BANKERS WITHOUT BORDERS (BWB): GRAMEEN FOUNDATION USA'S (GRAMEEN) VOLUNTEER PROGRAM HAS OVER 26,500 VOLUNTEERS. IN FY24, BWB VOLUNTEERS CONTRIBUTED UP TO 8,270 VOLUNTEER HOURS, ESTIMATED AT USD $1,022,044. SINCE THE PROGRAM'S INCEPTION, BWB VOLUNTEERS HAVE CONTRIBUTED AN ESTIMATED IN-KIND SERVICES OF $31,972,460, PROVIDING VOLUNTEER TECHNICAL ASSISTANCE TO 398 CLIENTS IN 45 COUNTRIES.GRAMEEN FOUNDATION BUILDS UP THE INTERNATIONAL DEVELOPMENT SYSTEMS THAT SUPPORT MILLIONS OFWOMEN AND GIRLS AS THEY WORK THEIR WAY OUT OF POVERTY. WE FOCUS ON EQUIPPING LOCAL ORGANIZATIONS, STAKEHOLDERS, AND FINANCIAL PROVIDERS WITH ACCESSIBLE TECHNOLOGY AND TRAINING TO HELP THEM SERVICE MARGINALIZED FAMILIES. WE DO THIS THROUGH PROGRAMMATIC WORK AS WELL ASTHROUGH OUR WHOLLY OWNED SUBSIDIARY, TAROWORKS, WHICH PROVIDES AN OFFLINE MOBILE APP BUILDER ALLOWING NONPROFITS AND SOCIAL ENTERPRISES TO EMPOWER FRONTLINE AGENTS WITH INFORMATION CAPITALAND MAKE DATA-DRIVEN DECISIONS. TAROWORKS WORKED WITH 53 ORGANIZATIONS EMPOWERING OVER 10,000 FRONTLINE AGENTS WITH DIGITAL TOOLS TO TOUCH THE LIVES OF OVER 13 MILLION PEOPLE IN THEIR COMMUNITIES TO PROVIDE CRITICAL SERVICES AND PRODUCTS. 785818 TOGETHER WE GROW: HOLISTIC PROGRAMMING FOR SMALLHOLDER FARMERS: IN FY24, GRAMEEN FOUNDATION USA (GRAMEEN) CONTINUED ITS WORK TO HELP SMALLHOLDER FARMERS, ESPECIALLY WOMEN, REDUCE THEIR VULNERABILITY TO SHOCKS SUCH AS CLIMATE CHANGE, CROP DISEASES, PESTS, AND MARKET VULNERABILITY WITH 4 PROJECTS PRIMARILY FOCUSED ON AGRICULTURE. AGRIPATH IS A 5-YEAR ACTION-RESEARCH PROJECT SPANNING FIVE COUNTRIES, WHICH AIMS TO PROVIDE GLOBAL, LOCAL IMPLEMENTING AND RESEARCH PARTNERS EVIDENCE AS TO WHAT THE MOST CRITICAL LEVERS ARE FOR DIGITAL AGRICULTURAL ADVISORY SERVICES (DAS) TO REACH SMALLHOLDERS, ESPECIALLY WOMEN. GRAMEEN IS GENERATING A TOOLKIT FOR DAS PARTNERS TO SUPPORT THEM TO BUILD AND ENABLE AGENT NETWORKS TO REACH SMALLHOLDERS AT SCALE.IN THE PHILIPPINES, WE HAVE TWO AGRICULTURE-CENTRIC PROJECTS. ONE IS CALLED THE SUSTAINABLE COCONUT PROJECT AND DURING FY24, WE ACTIVELY ONBOARDED AN ADDITIONAL 2 COOPERATIVES; WE ARE NOW ENGAGING A TOTAL OF 12 COOPERATIVES. WE ARE WORKING WITH THESE COOPERATIVES, AND MORE THAN 10,000 OF THEIR MEMBERS WHO GROW COPRA, TO INCREASE THE SUPPLY OF AND STRENGTHEN THE QUALITY OF SUSTAINABLE COCONUT OIL. THIS GENERATES IMPACT FOR THE PRODUCERS AND COOPERATIVES WHO ARE INVOLVED AND BUILDS A BUSINESS CASE FOR SUSTAINABLE COCONUT OIL FOR OTHER INDUSTRY BUYERS.IN INDIA, GRAMEEN IS WORKING WITH 47 FARMER PRODUCER ORGANIZATIONS (FPOS) ACROSS TWO STATES, REACHING OVER 40,000 SMALLHOLDER FARMERS. THE PROJECT AIMS TO STRENGTHEN THE FPOS' INCLUSIVE BUSINESS LINES THAT STRENGTHEN WOMEN SMALLHOLDER FARMER MEMBERS' INCOMES AND RESILIENCE. 247687 3203 REGIONAL PROGRAMS: IN TOTAL GRAMEEN ENGAGED 58 LOCAL PARTNERS ACROSS ALL PROGRAMS, AND 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.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. WE ARE ALSO PARTNERS IN A JOINT VENTURE, GRAMEEN CAPITAL INDIA.IN FY24, WE HAD ACTIVE PROJECTS IN EL SALVADOR, ESWATINI, GHANA, GUATEMALA, HONDURAS, INDIA, PHILIPPINES, SENEGAL, SRI LANKA, TIMOR LESTE, UGANDA, PALAU, NAURU, TUVALU, BURKINA FASO, TANZANIA, AND NEPAL AND THE MARSHALL ISLANDS. 247623 PUBLIC EDUCATION: IN FY24, GRAMEEN FOUNDATION 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. 495310 3203 6024804 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 22 0 1 29 1 0 1 GH KE RP UG 0 0 0 0 0 0 0 0 0 0 X 14 14 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 2001 L STREET NW 500 WASHINGTON DC 20036 ELISABETH HOLMES RHYNE CHAIR 4.00 2.00 X X 0 0 0 NEELA SALDANHA VICE CHAIR (UNTIL 02/2024) 4.00 0.00 X X 0 0 0 JENNIFER DARLINGTON SECRETARY 4.00 0.00 X X 0 0 0 ARTHUR GOSHIN TREASURER 4.00 2.00 X X 0 0 0 BEVERLY MORRIS ARMSTRONG BOARD MEMBER 4.00 2.00 X 0 0 0 MARIE-RENEE BAKKER BOARD MEMBER 4.00 0.00 X 0 0 0 SHEILA CHESTON BOARD MEMBER 4.00 0.00 X 0 0 0 KATHY DYER BOARD MEMBER (UNTIL 02/2024) 4.00 0.00 X 0 0 0 CARLOS JOSE FONSECA BOARD MEMBER 4.00 0.00 X 0 0 0 VIKRAM GANDHI BOARD MEMBER 4.00 0.00 X 0 0 0 LAUREN HENDRICKS BOARD MEMBER 4.00 0.00 X 0 0 0 LESLIE HYMAN BOARD MEMBER 4.00 0.00 X 0 0 0 GOPI KALLAYIL BOARD MEMBER 4.00 0.00 X 0 0 0 JEFFREY SCOTT BOARD MEMBER 4.00 0.00 X 0 0 0 DEBOPAMA SEN BOARD MEMBER (FROM 11/2023) 4.00 0.00 X 0 0 0 MARIANNE UDOW-PHILLIPS BOARD MEMBER (UNTIL 03/2024) 4.00 2.00 X 0 0 0 DANIEL BENJAMIN WOLFSON BOARD MEMBER 4.00 0.00 X 0 0 0 ZUBAIDA BAI PRESIDENT & CEO 38.00 2.00 X 290502 0 18552 HERMINA RUBIO GUTIERREZ ACTING CFO 38.00 2.00 X 191034 0 0 CESAR DURON DIRECTOR, GLOBAL HUMAN RESOURCES 38.00 2.00 X 132243 0 27968 AMELIA KUKLEWICZ EXECUTIVE VICE PRESIDENT PROGRAMS 38.00 2.00 X 126948 0 27315 KATE BARTHOLOMEUSZ SR DIR., DEV'L, MRKTING & COMM. 38.00 2.00 X 123056 0 16272 BRIANNE FISCHER GENERAL COUNSEL 19.00 1.00 X 110165 0 0 MARLEN DIVINA DIRECTOR, FINANCE 38.00 2.00 X 47425 0 587 ARLYN GIGI GATTI DIRECTOR, TECHNOLOGY FOR DEVELOPMENT 40.00 0.00 X 129830 0 17401 EMILY ROMERO SR DIRECTOR, INSTITUTIONAL RELATIONS 40.00 0.00 X 134340 0 6325 SABRINA QUARAISHI DIRECTOR, BANKERS WITHOUT BORDERS 40.00 0.00 X 122150 0 14723 ELAINE CHANG TAROWORKS COO 40.00 0.00 X 116974 0 10368 LAKSHMI IYER DIR. OF INNOVATION IN AGRICULTURE 40.00 0.00 X 120084 0 1256 CONAN WICKHAM FORMER OFFICER 10.00 0.00 X 115336 0 8093 1760087 0 148860 12 1 1 0 GRF CPAS & ADVISORS 4550 MONTGOMERY AVENUE STE 800N BETHESDA MD 20814 AUDIT SERVICES 117418 1 306000 2033170 4434634 47573 6773804 PROGRAM FEES 900099 1064899 1064899 1064899 104756 104756 47056 47512 -456 -456 -456 GAIN ON VALUATION OF P 900099 141952 141952 OTHER REVENUE 900099 17623 17623 CREDIT LOSS EXPENSE 900099 -51284 -51284 -78085 -78085 30206 7973209 1064899 0 134506 X 283012 283012 1154313 164434 914082 75797 2606337 1810392 681550 114395 32433 19580 11079 1774 326212 170575 135724 19913 254235 120192 116695 17348 9957 8717 1236 4 156002 24118 131698 186 600 600 2668873 2274653 381084 13136 35883 35353 530 158986 45580 60416 52990 484793 308605 162906 13282 88332 54659 29285 4388 372331 262435 109818 78 215207 160267 54901 39 81261 40390 35545 5326 EQUIP/VEH, REPAIR/MAINT 94263 93333 811 119 TRANSFER PRICING MARGIN 87203 87203 DUES AND CONFERENCE 45769 8055 37710 4 TAXES AND LICENSES 33882 22995 1983 8904 33509 30256 2925 328 9223393 6024804 2870578 328011 3834160 1254113 2047920 1427351 515035 575319 235515 248376 357966 361159 145899 145899 0 0 949708 1018415 685588 497773 181513 29188 8807405 5411694 1257194 1190338 699202 459183 3851036 1988693 5807432 3638214 X 2901358 1773480 98615 0 2999973 1773480 8807405 5411694 X -1250184 20922 2769 X 0 1 X 1 1 1 X 6078473 9729276 9701171 9385238 6773804 41667962 6078473 9729276 9701171 9385238 6773804 41667962 9375986 32291976 40590 41043 35274 66558 104756 288221 19356 72113 -129019 12562 30206 5218 41961401 4492219 0.76960 0.78260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 9222793 9222793 611140 152785 0 0 633291 677241 721354 611140 2643026 3964539 158323 169310 180339 152785 660757 991136 145899 145899 0 0 GRAMEEN CAPITAL INDIA LTD 19954 F GRAMEEN FOUNDATION INDIA PRIVATE LIMITED 425815 C RADAUR HOLDINGS 52004 F 497773 REFUNDABLE ADVANCE 1988693 1988693 11744867 20922 1170334 2887002 4078258 7666609 600 306000 306600 7973209 13072488 1170334 3505118 4675452 8397036 600 825757 826357 9223393 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES FROM SUBSIDIARIES INCLUDED IN REVENUE ON 2,887,002. 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 306,000. 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 3,505,118. CONSOLIDATED FINANCIAL STATEMENTS AND EXCLUDED FROM THE GRAMEEN FOUNDATION USA FORM 990. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICES FROM SUBSIDIARY ELIMINATED IN THE CONSOLIDATED 825,757. FINANCIAL STATEMENTS AND INCLUDED WITH THE GRAMEEN FOUNDATION USA FORM 990. 1 EAST ASIA AND THE PACIFIC 1 29 GRANTS TO RECIPIENTS LOCATED IN REGION 133595 SUB-SAHARAN AFRICA 2 16 GRANTS TO RECIPIENTS LOCATED IN REGION 149417 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 1152266 SOUTH ASIA 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 1917274 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 992817 SOUTH AMERICA 0 0 PROGRAM SERVICES INFORMATION, CAPITAL, AND BUSINESS OPPORTUNITIES FOR THE POOR 381147 SOUTH ASIA 0 0 INVESTMENTS 71958 3 45 0 0 3 45 4798474 0 4798474 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 5090 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 21987 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 34705 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 14460 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 8072 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 27051 WIRE TRANSFER 0 EAST ASIA AND THE PACIFIC WOMEN'S ECONOMIC EMPOWERMENT 9359 WIRE TRANSFER 0 SUB-SAHARAN AFRICA FINANCIAL SERVICES 18469 WIRE TRANSFER 0 SUB-SAHARAN AFRICA FINANCIAL SERVICES 11172 WIRE TRANSFER 0 SUB-SAHARAN AFRICA BUILDING FEMALE AGENT NETWORKS 60722 WIRE TRANSFER 0 SUB-SAHARAN AFRICA BUILDING FEMALE AGENT NETWORKS 58201 WIRE TRANSFER 0 5 6 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. X X 0 0 0 0 0 0 0 0 0 ZUBAIDA BAI PRESIDENT & CEO 290502 0 0 0 0 0 0 0 18552 0 309054 0 0 0 HERMINA RUBIO GUTIERREZ ACTING CFO 191034 0 0 0 0 0 0 0 0 0 191034 0 0 0 CESAR DURON DIRECTOR, GLOBAL HUMAN RESOURCES 132243 0 0 0 0 0 2791 0 25177 0 160211 0 0 0 AMELIA KUKLEWICZ EXECUTIVE VICE PRESIDENT PROGRAMS 126948 0 0 0 0 0 4071 0 23244 0 154263 0 0 0 CONAN WICKHAM FORMER OFFICER 115336 0 0 0 0 0 1565 0 6528 0 123429 0 0 0 X 15 47573 FMV 0 0 0 0 PART I, COLUMN (B): THIS COLUMN REPORTS 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 742,341. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 742,341. CONSULTANTS: PROGRAM SERVICE EXPENSES 1,469,254. MANAGEMENT AND GENERAL EXPENSES 374,933. FUNDRAISING EXPENSES 12,595. TOTAL EXPENSES 1,856,782. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 34,996. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,996. CONTRACTORS' EXPENSES: PROGRAM SERVICE EXPENSES 21,700. MANAGEMENT AND GENERAL EXPENSES 6,151. FUNDRAISING EXPENSES 541. TOTAL EXPENSES 28,392. SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 6,362. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,362. FORM 990, PART XI, LINE 9: FX INVESTMENT GAIN 2,769. TAROWORKS LLC 2001 L ST NW SUITE 500 WASHINGTON DC 20036 473737302 MOBILE PRODUCTS TO HELP SOCIAL ENTERPRISES DE 1187936 375756 GRAMEEN FOUNDATION USA FREEDOM FROM HUNGER 2001 L ST NW SUITE 500 WASHINGTON DC 20036 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 968984 691877 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 166158 61534 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 306000 FMV OF CONTRIBUTION GRAMEEN FOUNDATION INDIA PRIVATE LIMITED M 214922 COST PLUS ALLOCATED EXPENSES GRAMEEN FOUNDATION IMPACT VENTURES M 142027 COST PLUS ALLOCATED EXPENSES GRAMEEN FOUNDATION FOR SOCIAL IMPACT M 468808 COST PLUS ALLOCATED EXPENSES