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New York BBB Wise Giving Report for
Accion USA, Inc.

A BBB Accredited charity

 



Expiration Date:
05/2014
Name:
ACCION USA, INC.
Formerly known as:
ACCION NEW YORK INC formerly known as: N/A
Address:
80 Maiden Lane, Suite 903
New York, NY 10038
Phone:
212-387-0377
Year, State Incorporated:
1996, New York
Affiliates:
ACCION Texas , ACCION Mew Mexico, Arizona and Colorado, ACCION Chicago, ACCION San Diego
Stated Purpose:
" As a leader in U.S. microfinance, ACCION USA empowers low to moderate income (LMI) business owners with access to capital and financial education. With economic opportunity, these entrepreneurs often minorities and women can build assets, better provide for their families, and strengthen their communities. "





Evaluation Conclusions
 

              
ACCION USA, INC. (AUSA) meets the 20 Standards for Charity Accountability.




Programs
 

              
ACCION USA is a microfinance organization that lends with the mission of empowering business owners with access to working capital and financial education.



Governance
 

              
Chief Executive Officer:
Paul Quintero, CEO
Compensation*:
$160,893
Chair of the Board:
Janet Thompson
Chair's Profession / Business Affiliation:
Retired Vice President and Director, Citigroup Community Reinvestment
Board Size:
11
Paid Staff Size:
43



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, grant proposals, internet
Fund raising costs were 7.6% of related contributions. (Related contributions, which totaled $6,432,820, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on AUSA's Audited Financial Statements - Consolidated for the fiscal year ended December 31, 2010.

Source of Funds  

Contributions and Grants

$6,432,820

Interests on loans

926,602

Program fees

379,043

Other revenue

201,140

Investment income

22,250

Total Income

$7,961,855

Program Expenses  

Program services - lending

$5,477,616
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

5,477,616
491,551
891,771

$6,860,938

$1,100,917




Uses of Funds as a % of Total Expenses


Programs: 80%  Fund Raising: 7%  Administrative 13% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $3,209,470
Ending net assets 4,310,387
Total liabilities 14,500,229

Total assets

$18,810,616






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.