Return of Organization Exempt From Income Tax OMB No 1545-0047 Form section 501(c 990 Under ), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung 2012 benefit trust or private foundation ) Department or the Treasury Open to Public organization may Internal Revenue Service ► The have to use a copy of this return to satisfy state reporting requirements Inspection A For the 2012 calendar year , or tax year beginning APR 1 2012 and ending MAR 31 2013 B Check if C Name of organization D Employer identification number applicable •-
Echange GRAMEEN FOUNDATION USA Lchange Doing Business As 73-1502797 Ejretuan Number and street (or P 0. box if mail is not delivered to street address) Room/suite E Telephone number Elaeed'n 1101 15TH STREET NW 3RD F 202-628-3560 Amended return City, town, or post office, state, and ZIP code G Gross receipts $ 21 , 423 , 392 Applica- WASHINGTON , DC 2 0 0 0 5 H(a) Is this a group return pending F Name and address of principal officer ALEXANDER M. COUNTS for affiliates' 0 Yes ® No SAME AS ABOVE H(b) Are all affiliates Included =Yes = No I Tax-exempt status ® 501 ( c )( 3 ) 0 501 c 1 ( insert no. ) 4947 (a )( 1 ) or 0 527 If "No," attach a list (see instructions) Website WWW. GRAMEENFOUNDATION. J : 00, ORG H(c) Grou p exem ption number ► K Form of or anization: ® Corporation 0 Trust El Association El Other ► L Year of formation: 19 9 6 1 M State of le al domicile: 01 Part I Summary 1 Briefly describe the organization's mission or most significant activities TO ENABLE THE POOR, ESPECIALLY THE POOREST, TO CREATE A WORLD WITHOUT POVERTY. E 2 Check this box ► =if the organization discontinued its operations or disposed of more than 25% of its net assets 0 3 Number of voting members of the governing body (Part VI, line 1 a) 3 18 Number of independent voting members of the governing Q boa 4 body (Part VI, line 1 b) 4 17 5 Total number of individuals employed in calendar year 2012 (Part V, line 2a) 5 102 C 6 Total number of volunteers (estimate if necessary) 6 317 Q 7 a Total unrelated business revenue from Part VIII, column (C), line 12 7a 0. b Net unrelated business taxable income from Form 990-T, line 34 7b 0 . Q Prior Year Current Year 8 Contributions and grants (Part VIII, line 1 h) 12 , 010 630 • 10 , 685 613. 9 Program service revenue (Part VIII, line 2g) CD 3 , 832 , 652 . 7 I 993 , 748. LLJ 10 Investment income (Part VIII, column (A), lines 3, 4, atd 7d) 226 1 108 . 179 701. REC EIVED 11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9 , 1 c d^?e W 31 , 518 • -170 862. Z 12 Total revenue - add lines 8 throu g h 11 must eq ual P II, column m 12) ^ Q 1 16 , 100 , 908 . 18 688 200. 13 Grants and similar amounts paid (Part IX, column (A), lid 14th 1 , 633 , 671. 850 , 231. Cl) 14 Benefits paid to or for members (Part IX, column (A), Il? _ 0 . 0 • w 15 Salaries, other compensation, employee benefits (Part IX, co f r t )r.nNs" 5-U)) 10 , 5 3 9 910. 11 , 262 , 936. 16a Professional fundraising fees (Part IX, column (A), line a 244 . 0 • X- b Total fundraising expenses (Part IX, column (D), line 25) 0- 221,453. w 17 Other expenses (Part IX, column (A), lines 11 a-11 d, 111f-24e) 8 568 , 778. 11 1 653 , 736. 18 Total expenses Add lines 13-17 (must equal Part IX, column (A), line 25) 20 , 742 , 603 . 23 , 766 , 903. 19 Revenue less expenses Subtract line 18 from line 12 -4 , 641 , 695 . -5 , 078 , 703. Be g innin g of Current Year End of Year cz 20 Total assets (Part X, line 16) 24 , 683 , 522 . 2 0 4 6 7 631. ¢^ 21 Total liabilities (Part X, line 26) 1 977 , 127 . 2 677 , 502. ^ 22 Net assets or fund balances Subtract line 21 from line 20 22 , 706 , 395. 1 17 , 790 , 129. ran II I signature [STOCK Under penalties of perjury, I declare at I have exa n d this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Decla atin f repave (o er than officer) is based on all information of which preparer has any knowle ge. V1 X10,4nn^ Sign Signature of offs r Here ALEXANDER M. COUNTS , PRES. & Type or print name and title Print/Type preparer's name Pre arer's s Paid r ^ kVwu CAM- Preparer Firm's name GELMAN , ROSENBERG & FRE Use Only Firm's address , 4550 MONTGOMERY AVE SUI BETHESDA , MD 20814-2930 May the IRS discuss this return with the p re parer shown above' see mstru 232001 12-10-12 LHA For Paperwork Reduction Act Notice , see the sep Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Pag e 2 Part III Statement of Program Service Accomplishments Check If Schedule 0 contains a response to any question in this Part I I I 1 Briefly describe the organization's mission* TO ENABLE THE POOR, ESPECIALLY THE POOREST, TO CREATE A WORLD WITHOUT POVERTY.
2 Did the organization undertake any significant program services during the year which were not listed on the prior Form 990 or 990-EZ? [:]Yes No If "Yes," describe these new services on Schedule 0 3 Did the organization cease conducting, or make significant changes in how it conducts, any program services'? Yes ® No If "Yes," describe these changes on Schedule 0 4 Describe the organization's program service accomplishments for each of its three largest program services, as measured by expenses Section 501 (c)(3) and 501 (c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported
4a (Code ) (Expenses $ 5 , 4 3 4 , 9 3 5 . including grants of $ 528,3 48 . ) (Revenue $ 844,607. FINANCIAL SERVICES -- GRAMEEN FOUNDATION (GF) PARTNERS WITH FINANCIAL INSTITUTIONS, TELECOM OPERATORS AND OTHER PROVIDERS TO CREATE AND SCALE FINANCIAL SERVICES FOR THE POOR. WE DEMONSTRATE HOW APPROPRIATELY DESIGNED FINANCIAL PRODUCTS CAN IMPROVE LIVES AND LIVELIHOODS BY REDUCING RISK, IMPROVING FINANCIAL SECURITY AND INCREASING INCOME.
(FOR A DETAILED DESCRIPTION OF OUR FINANCIAL SERVICE ACCOMPLISHMENTS, PLEASE SEE SCHEDULE 0)
4b (Code ) (Expenses $ 6,396,702. including grants of $ ) (Revenue $ 7,149,141. ) INFORMATION ACCESS -- GF WORKS WITH GOVERNMENT AGENCIES, THE PRIVATE SECTOR AND CIVIL SOCIETY TO DEVELOP MOBILE SOLUTIONS TO BOTH IMPROVE HEALTH OUTCOMES FOR THE POOR AND EMPOWER FARMERS WITH RELEVANT, TIMELY AND ACTIONABLE INFORMATION AND FINANCIAL SERVICES.
(FOR A DETAILED DESCRIPTION OF OUR INFORMATION ACCESS ACCOMPLISHMENTS, PLEASE SEE SCHEDULE 0)
4C (Code ) (Expenses $ 3, 733,510 . including grants of $ 87,500 . ) (Revenue $ POVERTY TOOLS -- GF HELPS POVERTY-FOCUSED ORGANIZATIONS IMPROVE THEIR OPERATIONS AND DEEPEN THEIR IMPACT BY PROVIDING FINANCING, MOBILE-BASED MANAGEMENT AND POVERTY MEASUREMENT TOOLS, SKILLED VOLUNTEERS, AND HUMAN CAPITAL RESOURCES.
(FOR A DETAILED DESCRIPTION OF OUR POVERTY TOOLS ACCOMPLISHMENTS, PLEASE SEE SCHEDULE 0)
4d Other program services (Describe in Schedule O )
(Expenses $ 4, 255,229 . including grants of $ 2 3 4 , 3 8 3 . ) ( Revenue $ 4e Total program service expenses ► 19,820,376. Form 990 (2012) 232002 12-10-12 SEE SCHEDULE 0 FOR CONTINUATION(S) 2 14191121 745960 16995 2012 .05000 GRAMEEN FOUNDATION USA 169951 F 97 Page3 of Re Yes No 1 Is the organization described in section 501 (c)(3) or 4947(a)(1) (other than a private foundation)' If "Yes," complete Schedule A 1 I X 2 Is the organization required to complete Schedule B, Schedule of Contributors? 3 Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office's If "Yes," complete Schedule C, Part 4 Section 501 (c)(3) organizations . Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part ll 5 Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part Ill 6 Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part 6 X 7 Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures' If "Yes," complete Schedule D, Part lI 7 X 8 Did the organization maintain collections of works of art, historical treasures, or other similar assets' If "Yes," complete Schedule D, Part III 8 X 9 Did the organization report an amount in Part X, line 21, for escrow or custodial account liability, serve as a custodian for amounts not listed in Part X, or provide credit counseling, debt management, credit repair, or debt negotiation services' If "Yes," complete Schedule D, Part IV 9 X 10 Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments' If "Yes," complete Schedule D, Part V 10 X 11 If the organization's answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable a Did the organization report an amount for land, buildings, and equipment in Part X, line 10' If "Yes," complete Schedule D, Part VI 11a X b Did the organization report an amount for investments - other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII 11b X c Did the organization report an amount for investments - program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16' If "Yes," complete Schedule D, Part VIII 11c X d Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX 11d X e Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X f Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X 12a Did the organization obtain separate, independent audited financial statements for the tax year? If "Yes," complete Schedule D, Parts Xl and Xll b Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes, " and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional X 13 Is the organization a school described in section 170(b)(1)(A)(u)? If "Yes," complete Schedule E X 14a Did the organization maintain an office, employees, or agents outside of the United States? I14aIXl b Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV 15 Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If "Yes, " complete Schedule F, Parts Il and IV 16 Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States' If "Yes," complete Schedule F, Parts 111 and IV 17 Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11 e? If "Yes, " complete Schedule G, Part I 18 Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1 c and 8a? If "Yes, " complete Schedule G, Part lI 19 Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part Ill X 20a Did the organization operate one or more hospital facilities' If "Yes," complete Schedule H X b If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return? Form 990 (2012)
232003 12-10-12 3 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 16995 1 Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 4 Part IV Checklist of Required Schedules (continued)
21 Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1" If "Yes," complete Schedule I. Parts I and 11 22 Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2'? If "Yes," complete Schedule I, Parts I and 111 22 X 23 Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees2 If 'Yes," complete Schedule J 23 X 24a Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 20029 If "Yes," answer lines 24b through 24d and complete Schedule K If "No", go to line 25 24a X b Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception? 24b c Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds 24c d Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year? 24d 25a Section 501(c)(3) and 501(c)(4) organizations . Did the organization engage in an excess benefit transaction with a disqualified person during the years If "Yes," complete Schedule L, Part 25a X b Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ' If "Yes," complete Schedule L, Part 25b X 26 Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization's tax years If "Yes," complete Schedule L, Part /l 26 X 27 Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part Ill 28 Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions) a A current or former officer, director, trustee, or key employee's If "Yes, " complete Schedule L, Part IV 28a X b A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV 28b X c An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV 28c X 29 Did the organization receive more than $25,000 in non-cash contributions' If "Yes," complete Schedule M 29 X 30 Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M 30 X 31 Did the organization liquidate, terminate, or dissolve and cease operations' If "Yes," complete Schedule N, Part I 31 X 32 Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets'lf "Yes," complete Schedule N, Part 11 32 X 33 Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301 7701-2 and 301 7701-3' If "Yes," complete Schedule R, Part 33 X 34 Was the organization related to any tax-exempt or taxable entity? If "Yes, " complete Schedule R, Part ll, Ill, or IV, and Part V, line 1 34 1 X 35a Did the organization have a controlled entity within the meaning of section 512(b)(13)? b If "Yes" to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 36 Section 501(c )(3) organizations . Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2 37 Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI 38 Did the organization complete Schedule 0 and provide explanations in Schedule 0 for Part VI, lines 11 b and 19'
Form 990 (2012)
232004 12-10-12 4 14191121 745960 16995 2012 . 05000 GRAMEEN FOUNDATION USA 16995 1 Form 990 (2012) GRAMEEN FOUNDATION USA 73-1502797 Page 5 Part V Statements Regarding Other IRS Filings and Tax Compliance Check if Schedule 0 contains a response to any question in this Part V Yes No i la Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable is 18 b Enter the number of Forms W-2G included in line 1 a Enter -0- if not applicable lb 0 c Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? 1c X 2a Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return 2a 102 b If at least one is reported on line 2a, did the organization file all required federal employment tax returns? 2b X Note. If the sum of lines 1 a and 2a is greater than 250, you may be required to e-file (see instructions) 3a Did the organization have unrelated business gross income of $1,000 or more during the yeah 3a X b If "Yes," has it filed a Form 990-T for this year? If "No," provide an explanation in Schedule 0 3b 4a At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? 4a X b If "Yes," enter the name of the foreign country ► SEE SCHEDULE 0 See instructions for filing requirements for Form TD F 90-22 1, Report of Foreign Bank and Financial Accounts. 5a Was the organization a party to a prohibited tax shelter transaction at any time during the tax yeah 5a X b Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction? 5b X c If "Yes," to line 5a or 5b, did the organization file Form 8886-T? 5c 6a Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions'? 6a X b If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? 6b 7 Organizations that may receive deductible contributions under section 170(c). a Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor'? 7a X b If "Yes," did the organization notify the donor of the value of the goods or services provided? 7b X c Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? 7c X d If "Yes," indicate the number of Forms 8282 filed during the year 7d e Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract? 7e X f Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? 7f X g If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required' 7 h If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098 C? 7h 8 Sponsoring organizations maintaining donor advised funds and section 509(a )( 3) supporting organizations Did the supporting N/A organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the years 8 9 Sponsoring organizations maintaining donor advised funds. a Did the organization make any taxable distributions under section 4966? N/A 9a b Did the organization make a distribution to a donor, donor advisor, or related person? N/A 9b 10 Section 501(c )(7) organizations. Enter a Initiation fees and capital contributions included on Part VIII, line 12 N/A 10a b Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities 10b 11 Section 501(c )( 12) organizations. Enter a Gross income from members or shareholders N/A 11a b Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them) 11b 12a Section 4947( a)(1) non - exempt charitable trusts . Is the organization filing Form 990 in lieu of Form 1041? 12a b If "Yes," enter the amount of tax-exempt interest received or accrued during the year N/A 12b 13 Section 501(c )(29) qualified nonprofit health insurance issuers. a Is the organization licensed to issue qualified health plans in more than one state? N/A 13a Note. See the instructions for additional information the organization must report on Schedule 0 b Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans 13b c Enter the amount of reserves on hand 13c 14a Did the organization receive any payments for indoor tanning services during the tax year? 14a X b If "Yes," has it filed a Form 720 to report these payments' If "No, " provide an explanation in Schedule 0 14b Form 990 (2012)
232005 12-10-12 5 14191121 745960 16995 2012 .05000 GRAMEEN FOUNDATION USA 169951 Form 990 (2012) GRAMEEN FOUNDATION USA 73-15 02797 Paae 6 LPartVI Governance , Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and fora "No" response to line 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule 0 See instructions. Check if Schedule 0 contains a response to any question in this Part VI Section A . Governing Body and Management Yes No la Enter the number of voting members of the governing body at the end of the tax year la 18 If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule 0. b Enter the number of voting members included in line 1 a, above, who are independent 1b 17 2 Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? 2 X 3 Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors, or trustees, or key employees to a management company or other person? 3 X 4 Did the organization make any significant changes to its governing documents since the prior Form 990 was filed' 4 X 5 Did the organization become aware during the year of a significant diversion of the organization's assets' 5 X 6 Did the organization have members or stockholders' 6 X 7a Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? 7a X b Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? 7b X 8 Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following: a The governing body? 8a X b Each committee with authority to act on behalf of the governing body? 8b X 9 Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the org anization's mailin g address? If "Yes, " provide the names and addresses in Schedule 0 9 X Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code) Yes No 10a Did the organization have local chapters, branches, or affiliates' 10a X b If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes' lob X 1la Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? 11a X b Describe in Schedule 0 the process, if any, used by the organization to review this Form 990 12a Did the organization have a written conflict of interest policy? If "No, " go to line 13 12a X b Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? 12b X c Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule 0 how this was done 12c X 13 Did the organization have a written whistleblower policy? 13 X 14 Did the organization have a written document retention and destruction policy? 14 X 15 Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision? a The organization's CEO, Executive Director, or top management official 15a X b Other officers or key employees of the organization 15b X If "Yes" to line 15a or 15b, describe the process in Schedule 0 (see instructions) 16a Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? 16a X b If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization's exempt status with respect to such arrangements? 16b X Section C. Disclosure 17 List the states with which a copy of this Form 990 is required to be filed " SEE SCHEDULE 0 18 Section 6104 requires an organization to make its Forms 1023 (or 1024 if applicable), 990, and 990-T (Section 501 (c)(3)s only) available for public inspection Indicate how you made these available Check all that apply ® Own website Another's website ® Upon request 0 Other (explain in Schedule 0) 19 Describe in Schedule 0 whether (and if sg, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year 20 State the name, physical address, and telephone number of the person who possesses the books and records of the organization ► JOSHUA TRIPP - 202-628-3560 1101 15TH STREET NW 3RD FLOOR , WASHINGTON , DC 20005 12- 0-12 Form 990 (2012) 6 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 7 Part VII Compensation of Officers, Directors, Trustees , Key Employees, Highest Compensated Employees, and Independent Contractors Check if Schedule 0 contains a response to any question in this Part VII 0 Section A. Officers , Directors , Trustees, Key Employees, and Highest Compensated Employees la Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization's tax year • List all of the organization' s current officers, directors, trustees (whether individuals or organizations), regardless of amount of compensation Enter -0- in columns (D), (E), and (F) if no compensation was paid • List all of the organization' s current key employees, if any. See instructions for definition of "key employee " • List the organization' s five current highest compensated employees (other than an officer, director, trustee, or key employee) who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the organization and any related organizations • List all of the organization' s former officers, key employees, and highest compensated employees who received more than $100,000 of reportable compensation from the organization and any related organizations. • List all of the organization' s former directors or trustees that received, in the capacity as a former director or trustee of the organization, more than $10,000 of reportable compensation from the organization and any related organizations. List persons in the following order individual trustees or directors, institutional trustees, officers, key employees, highest compensated employees, and former such persons 0 Check this box if neither the organization nor any related orrianlzatlon compensated any current officer , director, or trustee (A) (B) (C) (D) (E) (F) Name and Title Average Position Reportable Reportable Estimated (do not check more than one hours per box, unless person is both an compensation compensation amount of week officer and a director/trustee) from from related other (list any the organizations compensation hours for organization (W-2/1099-MISC) from the related 6- V (W-2/1099-MISC) organization organizations - . o and related below o = E - - organizations line)
(1) PAUL MARITZ 8.00 CHAIR X X 0. 0. 0. (2) ROBERT EICHFELD 8.00 VICE-CHAIR X X 0. 0 . 0.
(3) SI WHITE 8.00 TREASURER X X 0. 0• 0. (4) ROBERT OTTENHOFF 8.00 SECRETARY X X 0. 0. 0. (5) ALEXANDER COUNTS 4 0 . 0 0 PRESIDENT & CEO X X 164 , 806. 0. 10 , 662. (6) BEVERLY ARMSTRONG 8.00 BOARD MEMBER X 0 • 0 . 0 . (7) PETER BLADIN 8.00 BOARD MEMBER X 0 . 0 . 0 . (8) PETER COWHEY 8.00 BOARD MEMBER X 0 . 0 . 0 . (9) SUSAN DAVIS 8.00 BOARD MEMBER X 0 . 0 . 0 . (10) JENNIFER DROGULA 8.00 BOARD MEMBER X 0 . 0 . 0 . (11) CAROLS FONSECA 8.00 BOARD MEMBER X 0 . 0 . 0 . (12) VIKRAM GANDHI 8.00 BOARD MEMBER X 0. 0 . 0 . (13) JIM GREENBERG 8.00 BOARD MEMBER X 0 • 0 • 0 . (14) PAUL HILAL 8.00 BOARD MEMBER X 0 • 0 • 0 . (15) SUSAN MCCAW 8.00 BOARD MEMBER X 0. 0. 0 . (16) ROSANNA RAMOS-VELITA 8.00 BOARD MEMBER X 0. 0. 0 . (17) DAVID RUSSELL 8.00 BOARD MEMBER X 0. 1 0 . 0 .
232007 12-10-12 Form 990 (2012)
14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 1 11 Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 8 Part VII I Cnrfin.i A Affi-re rliranfnrc TrucfPac Kc_v Fmnlnvees and Hinhpst emmnensaterl Fmnlnveas (continued) (A) (B) (C) (D) (E) (F) Name and title Average Position Reportable Reportable Estimated (do not check more than one hours per box, , niess person is both an compensation compensation amount of week officer and a director/trustee) from from related other (list any the organizations compensation hours for o organization (W-2/1099-MISC) from the related (W-2/1099-MISC) organization organizations and related below E - organizations line) o ^e E
(18) BARHAM VAKIL 8.00 BOARD MEMBER X 0 . 0 . 0 . (19) JOSHUA TRIPP 4 0 . 0 0 CFO & coo X 147 343. 0. 14 , 928. (20) DAVID EDELSTEIN 4 0 . 0 0 SVP SOLUTIONS AND REGIONS X 147 , 780. 0. 14 , 818. (21) SHANNON MAYNARD 4 0 . 0 0 CHIEF TALENT AND KNOWLEDGE OFFICER X 121 , 498. 0. 7 951. (22) NORMAN TONINA 40 • 00 VP ORG EFFECTIVENESS X 130 , 000. 0. 0. (23) JENNIFER MEEHAN (LEFT 11/12) 40.00 SVP SOLN & REGN X 50 , 962. 0. 1 , 319.
(24) ALBERTO SOLANO 4 0 • 0 0 CEO AMERICAS X 124, 974. 0. 6 , 508. (25) JORGE HIGHLAND (LEFT 8/12) 4 0 • 0 0 CHIEF OF STAFF X 89 , 283. 0. 6 , 981. (26) CAMILLA NESTOR 4 0 • 0 0 VP FINANCIAL SERVICES X 140 , 610. 0. 13 , 441. 1b Sub-total ► 1 , 117 , 256. 0. 76 , 608. c Total from continuation sheets to Part VII, Section A ► 1 500 , 730. 0. 107 , 611. d Total (add lines 1 b and 1c ► 2 617 , 986. 0. 184 , 219. 2 Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable com p ensation from the org anization ► 25 Yes No
3 Did the organization list any former officer, director, or trustee, key employee, or highest compensated employee on line 1 a2 If "Yes, " complete Schedule J for such individual 3 X 4 For any individual listed on line 1 a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,0002 If "Yes, " complete Schedule J for such individual 4 X 5 Did any person listed on line 1 a receive or accrue compensation from any unrelated organization or individual for services rendered to the org anization? If "Yes, " complete Schedule J for such person 5 X Section B. Independent Contractors 1 Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the nrnan 7ntinn Pennrt rmmnancahnn for the calendar vaar anrlinn with or within the nrnanvatinn's tax vaar (A) (B) (C) Name and business address Description of services Compensation THOUGHTWORKS, INC. 3799 PAYSPHERE CIRCLE , CHICAGO , IL 60674 SOFTWARE DEVELOPMENT 2 , 311 , 038. DIMAGI INC., 585 MASSACHUSETTS AVE, STE 3, CAMBRIDGE , MA 02139 S OFTWARE DEVELOPMENT 936 698. TIMBA SOFTWARE CORPORATION, TREINTA Y TRES 1479 , MONTEVIDEO , URUGUAY 11800 S OFTWARE DEVELOPMENT 660 803. WORLD VISION INC., 34834 WEYERHAEUSER WAY S P.O. BOX 9716 , FEDERAL WAY , WA 9806 OFTWARE DEVELOPMENT 178 056. HEALTHCARE INNOVATION AND TECHNOLOGY LAB, IMPACT ASSESSMENT 3960 BROADWAY , SUITE 501 , NEW YORK , NY ERVICES 145 664. 2 Total number of independent contractors (including but not limited to those listed above) who received more than $100 ,000 of compensation from the organization Op, 8 SEE PART VII, SECTION A CONTINUATION SHEETS Form 990 (2012) 232008 12-10-12 8 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Form990 GRAMEEN FOUNDATION USA 73-1502797 Part VII Gaction A. Officers- Directors - Trustees. Kev Emolovees . and Highest Compensated Emolovees (continued) (A) (B) (C) (D) (E) (F) Name and title Average Position Reportable Reportable Estimated hours (check all that apply) cornpensauon compensation amount of per from from related other week % the organizations compensation (list any organization (W-2/1099-MISC) from the hours for (W 2/1099 MISC) organization 2 i;5 related ^ 1A and related organizations _' organizations below - E o line) o E
(27) JULIA SOYARS 4 0 . 0 0 GENERAL COUNSEL X 148 , 561. 0. 10 , 174. (28) GORDON LAVIGNE 4 0 . 0 0 VP EXTERNAL AFFAIRS X 169 , 539. 0. 8 298. (29) CHRISTOPHER TAN 40.00 CEO . ASIA X 55 , 279. 0. 3 , 347. (30) STEPHEN WARDLE 4 0 . 0 0 CEO AFRICA O X 207 , 283. 0. 14 542. (31) STEVE WRIGHT 4 0 . 0 0 VP POVERTY INSIGHTS X 127 , 757. 0. 11 172. (32) HILLARY MILLER-WISE 40.00 VP INFORMATION SERV. (BEGAN 3/13) X 0. 0 . 0 . (33) SEAN KREPP 40.00 COUNTRY DIRECTOR X 232 , 164. 0. 14 , 090. (34) JULIE PEACHEY 4 0 . 0 0 SENIOR PROGRAM MANAGER X 172 , 496. 0. 9 , 575. (35) ERIN CONNOR 4 0 . 0 0 PROGRAM MANAGER X 139 , 111. 0. 15 , 236. (36) LEE-ANNE PITCAITHLY 40.00 FIN. SERV. TECH ADVISOR X 126 816. 0. 14 , 267. (37) TODD BERNHARDT 4 0 . 0 0 DIR MARKETING & COMM X 121 , 724. 0. 6 910 .
Total to Part VII Section A line 1 c 1 , 5 0 0 , 730. 107 , 611.
232201 07-25-12
14191121 745960 16995 2012.05000 GR.AMEEN FOUNDATION USA 169951 Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 9 Part VIII Statement of Revenue Chec k if Schedule 0 contains a response to any question in this Part VIII F-1 (D) Total (A)revenue Related(B) or Unrelated(C) Revenue excluded exempt function business from tax under 51 3 , or 512, revenue revenue 51 3or 514 Y. 1 a Federated campaigns la 25 797. o b Membership dues lb
,FQ c Fundraising events 1c 281 254. j d Related organizations 1d u; e Government grants (contributions) 1e 1 038 100. 00 f All other contributions, gifts, grants, and similar amounts not included above if 9 340 462 . .C0 C -p g Noncash contributions included in lines la-if $ 30 175 . U h Total. Add lines 1a-1f 111, 10 685 613 Business Code 2 a PROGRAM FEES 900099 7 , 149 , 141. 7 , 149 141. y b GUARANTEE FEES 900099 444 134. 444134. c C MFI LOAN INTEREST 900099 400 473. 400 473. E ai aas d rn^ o e f All other program service revenue Total . Add lines 2a-2f 00, 7 993 748 3 Investment income (including dividends, interest, and
other similar amounts) ► 157 283. 157 283. 4 Income from investment of tax-exempt bond proceeds ► 5 Royalties ► (i) Real a Personal 6 a Gross rents b Less rental expenses c Rental income or (loss)
d Net rental income or (loss) ► 7 a Gross amount from sales of ( i ) Securities ii Other assets other than inventory 2 662 056. b Less cost or other basis and sales expenses 2 639J38. c Gain or (loss) 22 . 418.
d Net gain or (loss) ► 22 418. 22 418. 8 a Gross income from fundraising events (not C including $ 281 254. of contributions reported on line 1 c) See tY Part IV, line 18 a 27 , 625. a) L b Less direct expenses b 95 554. O c Net income or (loss) from fundraising events ► -67 929. -67 929. 9 a Gross income from gaming activities See Part IV, line 19 a b Less direct expenses b c Net income or (loss) from gaming activities ► 10 a Gross sales of inventory, less returns and allowances a b Less cost of goods sold b c Net income or ( loss) from sales of invento ry Miscellaneous Revenue Business Code 11 a FOREIGN EXCHANGE LOSS 900099 -102 933. -102 933. b c d All other revenue
e Total . Add lines 11a-11d ► -02 933. 12 Total revenue See instructions. ► 18 - 1688 , 200 . 1 7 , 993 , 748 . 1 0 8 839 232009 12-10-12 Form 990 (2012) 10 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Pa e 10 Part IX Statement of Functional Expenses Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) Check if Schedule 0 contains a resoonse to any auestion in this Part IX n include amounts reported on lines 6b, (A) (B) (C) (D) Do not Total expenses Program service Management and Fundraising 7b, 8b, 9b, and lOb of Part V/I/. expenses g eneral expense expenses 1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 29 , 000. 29 , 000. 2 Grants and other assistance to individuals in the United States See Part IV, line 22 3 Grants and other assistance to governments, organizations, and individuals outside the United States See Part IV, lines 15 and 16 821 , 231. 821 , 231. 4 Benefits paid to or for members 5 Compensation of current officers, directors, trustees, and key employees 2 , 006 , 272. 1 , 501 , 583. 468 , 641. 36 , 048. 6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) 7 Other salaries and wages 7 , 123 , 709. 5 1 229 1 288. 1 , 801 , 826. 92 , 595. 8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) 116 911 . 98 , 927. 17 445 . 539. 9 Other employee benefits 1 381 , 051. 1 , 120 , 165. 248 , 017. 12 , 869. 10 Payroll taxes 634 993. 514 650. 113 948. 6 , 395. 11 Fees for services (non-employees) a Management b Legal 46 , 3 45. 36 , 553. 1 , 711. 8 , 081. c Accounting 114 , 843. 114 , 843. d Lobbying e Professional fundraising services. See Part IV, line 17 f Investment management fees g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11 g expenses on Sch 0) 6 , 411 002 . 6 , 245 808 . 163 383 . 1 811 . 12 Advertising and promotion 31 , 187 . 23 , 724. 6 996 . 467. 13 Office expenses 363 , 582. 306 831. 33 , 233. 23 , 518. 14 Information technology 378 673 . 209 , 508. 166 858 . 2 307. 15 Royalties 16 Occupancy 842 552. 550 241. 276 279. 16 , 032. 17 Travel 1 , 218 , 779. 1 , 081 , 283. 127 423. 10 , 073. 18 Payments of travel or entertainment expenses for any federal, state, or local public officials 19 Conferences, conventions, and meetings 244 , 125. 204 , 723. 38 , 537. 865. 20 Interest 21 Payments to affiliates 22 Depreciation, depletion, and amortization 36 , 879. 27 , 961. 8 , 462. 456. 23 Insurance 89 , 307. 66 , 781. 21 1 672. 854. 24 Other expenses. Itemize expenses not covered above. (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule 0.) a ALLOWANCE FOR LOANS 1 , 046 , 050. 1 , 046 , 050. b VEHICLE & EQUIPMENT 422 794. 406 795. 15 , 185. 814. c OTHER EXPENSES 238 162. 167 331. 64 , 342. 6 , 489. d COMMUNICATIONS 169 456. 131 943. 36 , 273. 1 , 240. e All other expenses 25 Total functional exp enses Add lines 1 throu g h 24e 23 , 766 , 903. 19 820 , 376. 3 1 725 , 074. 221 , 453. 26 Joint costs Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if followin g SOP 98-2 ASC 958-720
232010 12-10-12 Form 990 (2012) 11 14191121 745960 16995 2012. 05000 GRAMEEN FOUNDATION USA 169951 GRAMEEN FOUNDATION USA 73-1502797 Pagell ance Sheet Check if Schedule 0 contains a response to any question in this Part X (A) (B) Begi nning of year Eno of year
1 Cash - non-interest-bearing 3 , 544 , 555. 1 2 , 640 ,917. 2 Savings and temporary cash investments 7 , 246 , 533. 2 5 , 044 , 568. 3 Pledges and grants receivable, net 1 , 926 , 820. 3 865 , 517. 4 Accounts receivable, net 958 , 033. 4 1 692 , 647. 5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees Complete Part II of Schedule L 5 6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501 (c)(9) voluntary employees' beneficiary organizations (see instr) Complete Part II of Sch L 6 7 Notes and loans receivable, net 7 8 Inventories for sale or use 8 9 Prepaid expenses and deferred charges 109 , 299. 9 258 , 518. 10a Land, buildings, and equipment cost or other basis Complete Part VI of Schedule D 10a 310 , 374. b Less accumulated depreciation 10b 167 , 699. 149 , 933 . lOc 142 , 675. 11 Investments - publicly traded securities 3 916 455. 11 3 274 , 201. 12 Investments - other securities See Part IV, line 11 12 13 Investments - program-related See Part IV, line 11 1 , 806 017. 13 3 759 470. 14 Intangible assets 14 15 Other assets See Part IV, line 11 5 , 025 , 877. 15 2 789 , 118. 16 Total assets . Add lines 1 throug h 15 must eq ual line 34 24 , 683 522. 16 20 , 467 , 631. 17 Accounts payable and accrued expenses 1 , 168 192. 17 1 883 , 184. 18 Grants payable 18 19 Deferred revenue 179 000. 19 3 250. 20 Tax-exempt bond liabilities 20 0 21 Escrow or custodial account liability Complete Part IV of Schedule D 21 22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons Complete Part II of Schedule L 22 23 Secured mortgages and notes payable to unrelated third parties 23 24 Unsecured notes and loans payable to unrelated third parties 24 25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24) Complete Part X of ScheduleD 629 935. 25 791 068. 26 Total liabilities . Add lines 17 throu g h 25 1 977 , 127. 26 2 677 , 502. Organizations that follow SFAS 117 (ASC 958), check here 00- 12:1 and complete lines 27 through 29, and lines 33 and 34. 27 Unrestricted net assets 9 , 388 , 351. 27 11 , 379 , 831. m 28 Temporarily restricted net assets 13 , 318 , 044. 2s 6 , 4 0 2 9 8 . 29 Permanently restricted net assets 29 LL Organizations that do not follow SFAS 117 (ASC 958), check here ► 0 o and complete lines 30 through 34. 30 Capital stock or trust principal, or current funds 30 Q 31 Paid-in or capital surplus, or land, building, or equipment fund 31 32 Retained earnings, endowment, accumulated income, or other funds 32 Z 33 Total net assets or fund balances 22 , 706 , 395. 33 17 790 , 129. 34 Total liabilities and net assets/fund balances 24 , 683 , 522. 34 20 , 467 , 631. Form 990 (2012)
232011 12-10-12 12 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Form 990 2012 GRAMEEN FOUNDATION USA 73 71502797 Pa e 12 Part XI Reconciliation of Net Assets Check if Schedule 0 contains a response to any question in this Part XI
1 Total revenue (must equal Part VIII, column (A), line 12) 1 18 , 688 , 200 2 Total expenses (must equal Part IX, column (A), line 25) 2 23 , 766 , 903. 3 Revenue less expenses Subtract line 2 from line 1 3 -5 , 078 703. 4 Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) 4 22 , 706 395. 5 Net unrealized gains (losses) on investments 5 148 633. 6 Donated services and use of facilities 6 7 Investment expenses 7 8 Prior period adjustments 8 9 Other changes in net assets or fund balances (explain in Schedule 0) 9 13 , 804. 10 Net assets or fund balances at end of year Combine lines 3 through 9 (must equal Part X, line 33, column B 10 , 17 , 790 , 129. Part XII Financial Statements and Reporting Check if Schedule 0 contains a response to an y q uestion in this Part XII 0 Yes No 1 Accounting method used to prepare the Form 990 0 Cash ® Accrual EJ Other If the organization changed its method of accounting from a prior year or checked " Other," explain in Schedule 0 2a Were the organization 's financial statements compiled or reviewed by an independent accountant? If "Yes," check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis , consolidated basis, or both 0 Separate basis 0 Consolidated basis 0 Both consolidated and separate basis b Were the organization ' s financial statements audited by an independent accountant? If "Yes," check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both Separate basis ® Consolidated basis 0 Both consolidated and separate basis c If "Yes " to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant? If the organization changed either its oversight process or selection process during the tax year, explain in Schedule 0 3a As a result of a federal award , was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A 133? b If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits _ exolain why in Schedule 0 and describe any steps taken to undergo such audits Form 990 (2012)
232012 12-10-12 13 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 SCHEDULE A OMB No 1545-004 (Form 990 or 990-EZ) Public Charity Status and Public Support Complete if the organization is a section 501(c)(3) organization or a section 2012
Department of the Treasury 4947(a)(1) nonexempt charitable trust. Open to Public Internal Revenue Service inspection ► Attach to Form 990 or Form 990-EZ. See separate instructions. Name of the organization Employer identification number C-,R.AMEEN FOUNDATION USA 73-1502797 Part I I Reason for Public Charity Status (All organizations must complete this part) See Instructions The organization is not a private foundation because it is- (For lines 1 through 11, check only one box ) 1 0 A church, convention of churches , or association of churches described in section 170(b)(1)(A)(i). 2 A school described in section 170(b)(1)(A)(ii). (Attach Schedule E) 3 0 A hospital or a cooperative hospital service organization described in section 170(b)( 1)(A)(iii). 4 A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state* 5 0 An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.) 6 A federal, state, or local government or governmental unit described in section 170(b)( 1)(A)(v). 7 ® An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi ). (Complete Part II ) 8 A community trust described in section 170(b)(1)(A)(vi ). (Complete Part II ) 9 An organization that normally receives- (1) more than 33 1/3% of its support from contributions , membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions , and (2) no more than 33 1/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 See section 509(a)(2). (Complete Part III ) 10 O An organization organized and operated exclusively to test for public safety See section 509(a)(4). 11 0 An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509 (a)(1) or section 509 (a)(2) See section 509( a)(3). Check the box that describes the type of supporting organization and complete lines 11 e through 11 h a El Type I b El Type II c 0 Type III - Functionally integrated d El Type III - Non-functionally integrated e El By checking this box, I certify that the organization is not controlled directly or indirectly by one or more disqualified persons other than foundation managers and other than one or more publicly supported organizations described in section 509 (a)(1) or section 509(a)(2) f If the organization received a written determination from the IRS that it is a Type I, Type II, or Type III supporting organization , check this box 0 g Since August 17, 2006, has the organization accepted any gift or contribution from any of the following persons? (I) A person who directly or indirectly controls, either alone or together with persons described in (II) and (III) below, Yes No the governing body of the supported organization? 11 (ii) A family member of a person described in (I) above? 11 li (iii) A 35% controlled entity of a person described in (I) or (n) above ' 11 Iii In Provide the following information about the supported organization(s)
(vi) Is the Name of supported It EIN (iii) Type of organization iv) Is the organization (v) Did you notify the (vii) Amount of monetary organization organization in col organization (described on lines 1-9 in col. (i) listed in your in col. (I) organized in the support above or IRC section governing document'? (I) of your support'? U.S.'? (see Instructions )) Yes No Yes No Yes No
Total LHA For Paperwork Reduction Act Notice , see the Instructions for Schedule A (Form 990 or 990- EZ) 2012 Form 990 or 990-EZ.
232021 12-04-12 14 14191121 745960 16995 2012.05000 GR.AMEEN FOUNDATION USA 169951 Schedule A Form 990 or 990-EZ) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 2 Part II Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III If the organization fails to qualify under the tests listed below, please complete Part III ) Section A. Public Support Calendar year ( or fiscal year beginning in ).' ( a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total 1 Gifts, grants, contributions, and membership fees received (Do not include any "unusual grants.") 15 318580. 21 , 673 540. 15 666 461. 12 010630. 10 685 613. 75 354 824. 2 Tax revenues levied for the organ- ization's benefit and either paid to or expended on its behalf 3 The value of services or facilities furnished by a governmental unit to the organization without charge 4 Total. Add lines 1 through 3 15 318 580. 21 673 540. 15 666 461. 12 010 630. 10 685 613. 75 354 824. 5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) 32 364 598.
6 Public su pp ort . Subtract line 5 from line 4 4 2 99 0 226 Section B. Total Support Calendar year ( or fiscal year beginning in) ► ( a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total 7 Amounts from line 4 15 318 580. 21 673 540. 15 666 461. 12 010 630. 10 685 613. 75 354 824. 8 Gross income from interest, dividends, payments received on securities loans , rents, royalties and income from similar sources 321 159. 115 236. 194 368. 210 605. 157 283. 998 651. 9 Net income from unrelated business activities, whether or not the business is regularly carried on 10 Other income Do not include gain or loss from the sale of capital assets (Explain in Part IV ) 9 418. -102 933. -93 515. 11 Total support . Add lines 7 through 10 76 259 960. 12 Gross receipts from related activities, etc (see instructions) 12 17 , 881 , 081. 13 First five years . If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here ► 0 Section C. Computation of Public Support Percentage 14 Public support percentage for 2012 (line 6, column (f) divided by line 11, column (f)) 14 5 6 . 3 7 % 15 Public support percentage from 2011 Schedule A, Part II, line 14 15 61.18 % 16a 33 1/3% support test - 2012 . If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box and stop here . The organization qualifies as a publicly supported organization Mo. FX] b 33 1 /3% support test - 2011 . If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this box and stop here . The organization qualifies as a publicly supported organization ► 0 17a 10% -facts - and-circumstances test - 2012. If the organization did not check a box on line 13, 16a, or 16b, and line 14 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here . Explain in Part IV how the organization
meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization ► b 10% -facts - and-circumstances test - 2011 . If the organization did not check a box on line 13, 16a, 16b, or 17a, and line 15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here . Explain in Part IV how the organization meets the "facts-and-circumstances" test The organization qualifies as a publicly supported organization ► 18 Private foundation . If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see instructions 10. 0 Schedule A (Form 990 or 990-EZ) 2012
232022 12-04-12 15 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule A (Form 990 or 990-EZ) 2012 Page 3 Part III Support Schedule for Organizations Described in Section 509(a)(2) (Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II If the organization fads to qualify under the tests listed below, please complete Part II ) Section A. Public Support Calendar year ( or fiscal year beginning in) ► ( a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total 1 Gifts, grants, contributions, and membership fees received (Do not include any "unusual grants ") 2 Gross receipts from admissions, merchandise sold or services per- formed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose 3 Gross receipts from activities that are not an unrelated trade or bus- iness under section 513 4 Tax revenues levied for the organ- ization's benefit and either paid to or expended on its behalf 5 The value of services or facilities furnished by a governmental unit to the organization without charge 6 Total. Add lines 1 through 5 7a Amounts included on lines 1, 2, and 3 received from disqualified persons
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year c Add lines 7a and 7b 8 Public su pp ort Subtract line 7c from line 6 Section B. Total Support Calendar year ( or fiscal year beginning in) ► ( a ) 2008 ( b ) 2009 (c ) 2010 ( d) 2011 ( e ) 2012 (f) Total 9 Amounts from line 6 10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 c Add lines 10a and 10b 11 Net income from unrelated business activities not included in tine 10b, whether or not the business is regularly carried on 12 Other Income Do not include gain or loss from the sale of capital assets (Explain in Part IV) 13 Total support . (Add lines 9, 10c, 11, and 12 14 First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501 (c)(3) organization, check this box and stop here ► EJ Section C. Computation of Public Support Percentage 15 Public support percentage for 2012 (line 8, column (f) divided by line 13, column (f)) 15 % 16 Public support percentage from 2011 Schedule A, Part III, line 15 16 % Section D. Computation of Investment Income Percentage 17 Investment income percentage for 2012 (line 10c, column (f) divided by line 13, column (f)) 17 % 18 Investment income percentage from 2011 Schedule A, Part III, line 17 18 % 19a 33 1 /3% support tests - 2012 . If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here . The organization qualifies as a publicly supported organization 0 b 33 1 /3% support tests - 2011 . If the organization did not check a box on line 14 or tine 19a, and line 16 is more than 33 1/3%, and line 18 is not more than 33 1/3%, check this box and stop here . The organization qualifies as a publicly supported organization Po. E] 20 Private foundation . If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions 232023 12-04-12 Schedule A (Form 990 or 990-EZ) 2012 16 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 16995 1 SCHEDULE C Political Campaign and Lobbying Activities OMB No 1545-0047 (Form 990 or 990-EZ) For Organizations Exempt From Income Tax Under section 501(c) and section 527 2012 Open to Public Department of the Treasury ► Complete if the organization is described below. ► Attach to Form 990 or Form 990-EZ. Internal Revenue Service Inspection
If the organization answered "Yes," to Form 990, Part IV, line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then • Section 501 (c)(3) organizations Complete Parts I-A and B Do not complete Part I-C • Section 501(c) (other than section 501 (c)(3)) organizations Complete Parts I-A and C below Do not complete Part I-B • Section 527 organizations. Complete Part I-A only If the organization answered "Yes," to Form 990, Part IV, line 4, or Form 990-EZ, Part VI , line 47 (Lobbying Activities), then • Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)) Complete Part II-A. Do not complete Part II-B • Section 501 (c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)). Complete Part II-B Do not complete Part II-A If the organization answered "Yes," to Form 990, Part IV, line 5 (Proxy Tax), or Form 990-EZ , Part V, line 35c (Proxy Tax), then • Section 501 (c)(4), (5), or (6) org anizations Com plete Part III Name of organization Employer identification number GRAMEEN FOUNDATION USA 73-1502797 Part1-A Complete if the organization is exempt under section 501(c) or is a section 527 organization.
1 Provide a description of the organization's direct and indirect political campaign activities in Part IV
2 Political expenditures ► $ 3 Volunteer hours
Part1-B Complete if the organization is exempt under section 501 (c)(3).
1 Enter the amount of any excise tax incurred by the organization under section 4955 ► $ 2 Enter the amount of any excise tax incurred by organization managers under section 4955 ► $ 3 If the organization incurred a section 4955 tax, did it file Form 4720 for this years 0 Yes 0 No 4a Was a correction made? 0 Yes El No b If "Yes," describe in Part IV Part1-C Complete if the organization is exempt under section 501 (c), except section 501 (c)(3). 1 Enter the amount directly expended by the filing organization for section 527 exempt function activities ► $ 2 Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ► $ 3 Total exempt function expenditures Add lines 1 and 2 Enter here and on Form 11 20-POL,
line 17b ► $ 4 Did the filing organization file Form 1 120-POL for this year? Yes E::] No 5 Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing organization made payments For each organization listed, enter the amount paid from the filing organization's funds Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC) If additional space is needed, provide information in Part IV (a) Name (b) Address (c) EIN (d) Amount paid from (e) Amount of political filing organization's contributions received and funds. If none, enter -0- promptly and directly delivered to a separate political organization If none, enter -0-
For Paperwork Reduction Act Notice , see the Instructions for Form 990 or 990 - EZ. Schedule C (Form 990 or 990- EZ) 2012 LHA
232041 01-07-13 22 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule C (Form 990 or 990-EZ) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 2 Part ll -A Complete if the organization is exempt under section 501 (c)(3) and filed Form 5768 (election under section 501(h)). organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, A Check ► if the filing expenses, and share of excess lobbying expenditures) organization checked box A and "limited control" provisions apply B Check ► 0 if the filing (a) Filing (b) Affiliated group Limits on Lobbying Expenditures organization's totals (The term "expenditures" means amounts paid or incurred.) totals
1 a Total lobbying expenditures to influence public opinion (grass roots lobbying) U b Total lobbying expenditures to influence a legislative body (direct lobbying) 0 c Total lobbying expenditures (add lines 1 a and 1 b) 0 d Other exempt purpose expenditures 23 , 766 , 903 . e Total exempt purpose expenditures (add lines 1 c and 1 d) 23 , 766 , 903 . f Lobbyin g nontaxable amount Enter the amount from the followin g table in both columns. 1 , 000 , 000 . If the amount on line le , column ( a ) or b is: The lobbyin g nontaxable amount is: Not over $500,000 20% of the amount on line 1 e Over $500,000 but not over $1,000,000 $100,000 plus 15% of the excess over $500,000. Over $1,000,000 but not over $1,500,000 $175,000 plus 10% of the excess over $1,000,000 Over $1,500,000 but not over $17,000,000 $225,000 plus 5% of the excess over $1,500,000 Over $17,000,000 $1,000,000.
g Grassroots nontaxable amount (enter 25% of line 10 Z 5 U U U U. h Subtract line 1 g from line 1 a If zero or less, enter -0- 0. 1 _ i Subtract line 1 f from line 1 c If zero or less, enter -0- 0 . j If there is an amount other than zero on either line 1 h or line 11, did the organization file Form 4720 reporting section 4911 tax for this year? 0 Yes 0 No 4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below . See the instructions for lines 2a through 2f on page 4.) Lobbvinci Exaenditures During 4-Year Averaging Period
Calendar year (a) 2009 (b) 2010 (c) 2011 (d) 2012 (e) Total (or fiscal year beginning in)
2a Lobb yin g nontaxable amount 1 000 000. 1 000 000. 1 000 000. 1 000 000. 4 000 000. b Lobbying ceiling amount (150% of line 2a, column(e)) 6 , 000 , 000.
c Total lobb ying ex penditures
d Grassroots nontaxable amount 250 , 000. 250 , 000. 250 , 000. 250 , 000. 1 , 000 , 000. e Grassroots ceiling amount (150% of line 2d, column (e)) 1 , 500 , 000.
f Grassroots lobbying ex p enclitures i Schedule C (Form 990 or 990-EZ) 2012
232042 01-07-13 23 14191121 745960 16995 2012. 05000 GRAMEEN FOUNDATION USA 169951 Schedule C (Form 990 or 990-EZ) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 3 Part 11-B Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes," response to lines la through 1 i below, provide in Part 11/ a detailed description (a) (b) of the lobbying activity. Yes No Amount
1 During the year , did the filing organization attempt to influence foreign, national , state or local legislation , including any attempt to influence public opinion on a legislative matter or referendum , through the use of- a Volunteers? b Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? c Media advertisements? d Mailings to members , legislators , or the public? e Publications , or published or broadcast statements? f Grants to other organizations for lobbying purposes? g Direct contact with legislators , their staffs, government officials, or a legislative body? h Rallies, demonstrations , seminars, conventions, speeches , lectures, or any similar means? i Other activities? j Total Add lines lc through 11 2a Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? b If "Yes," enter the amount of any tax incurred under section 4912 c If "Yes," enter the amount of any tax incurred by organization managers under section 4912 d If the filin g org anization incurred a section 4912 tax , did it file Form 4720 for this year? PartIII-A ^ Complete it the organization is exempt under section 5U1(c)(4), section 5U1(c)(b), or section 501 (c)(6). Yes No 1 Were substantially all (90% or more) dues received nondeductible by members? 1 2 Did the organization make only in-house lobbying expenditures of $2,000 or less? 2 3 Did the organization ag ree to carry over lobb yin g and political expenditures from the p rior year? 3 PartIll-B Complete if the organization is exempt under section 501 (c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered " No," OR (b) Part III-A, line 3, is answered "Yes." 1 Dues, assessments and similar amounts from members 1 2 Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid). a Current year 2a b Carryover from last year 2b c Total 2c 3 Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues 3 4 If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? 4 5 Taxable amount of lobb yin g and political ex penditures (see instructions ) 5 Part IV Suanlemental Information Complete this part to provide the descriptions required for Part I-A, line 1, Part I-B, line 4, Part I-C, line 5, Part II-A (affiliated group list), Part II-A, line 2, and Part II-B, line 1 Also, complete this part for any additional information
Schedule C (Form 990 or 990-EZ) 2012 232043 01-07-13 24 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 SCHEDULE D Supplemental Financial Statements umu NO 1047-W9/ (Form 990) No- Complete if the organization answered "Yes," to Form 990, Part IV, line 6,7,8,9, 10, 11a, 11b , 11c, 11d, 1le, 11f, 12a, or 12b. Open 4o Public Department of the Treasury Form separate instructions . Inspection Internal Revenue Service ► Attach to 990. ► See Name of the organization Employer identification number GRAMEEN FOUNDATION USA 73-1502797 Part I Organizations Maintaining' Donor Advised Funds or Other Similar Funds or Accounts . Complete if the organization answered "Yes" to Form 990, Part IV, line 6 (a) Donor advised funds (b) Funds and other accounts 1 Total number at end of year 2 Aggregate contributions to (during year) 3 Aggregate grants from (during year) 4 Aggregate value at end of year 5 Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization's property, subject to the organization's exclusive legal control's 0 Yes E:J No 6 Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible p rivate benefit? Yes 0 No Part II Conservation Easements . Complete if the organization answered "Yes" to Form 990, Part IV, line 7 1 Purpose(s) of conservation easements held by the organization (check all that apply) Preservation of land for public use (e g , recreation or education) 0 Preservation of an historically important land area 0 Protection of natural habitat 0 Preservation of a certified historic structure 0 Preservation of open space 2 Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year Held at the End of the Tax Year a Total number of conservation easements 2a b Total acreage restricted by conservation easements 2b c Number of conservation easements on a certified historic structure included in (a) 2c d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register 2d 3 Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the tax
year ► 4 Number of states where property subject to conservation easement is located ON- 5 Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? Yes No 6 Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year ► 7 Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the $ 8 Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(1) and section 170(h)(4)(B)(ll)9 0 Yes No 9 In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and balance sheet, and include, if applicable, the text of the footnote to the organization's financial statements that describes the organization's accounting for conservation easements Part III Organizations Maintaining Collections of Art, Historical Treasures , or Other Similar Assets. Complete if the organization answered "Yes" to Form 990, Part IV, line 8 is If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items b If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items
(i) Revenues Included in Form 990, Part VIII, line 1 ► $ (ii) Assets Included in Form 990, Part X ► $ 2 If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the following amounts required to be reported under SFAS 116 (ASC 958) relating to these items a Revenues Included in Form 990, Part VIII, line 1 ► $ b Assets Included in Form 990, Part X ► $
LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990. Schedule D (Form 990) 2012 232051 12-10-12 25 14191121 745960 16995 2012. 05000 GRAMEEN FOUNDATION USA 169951 Schedule D ( Form 990) 2012 GRAMEEN FOUNDATION USA 73-15 02797 Page 2 Part III Organizations Maintaining Collections of Art, Historical Treasures , or Other Similar Assets(continued) 3 Using the organization 's acquisition , accession , and other records, check any of the following that are a significant use of its collection items (check all that apply): a Publi c exhibition d Loan or exchange programs b 0 Scholarly research e Other c 0 Preservation for future generations 4 Provide a description of the organization's collections and explain how they further the organization 's exempt purpose in Part XIII 5 During the year, did the organization solicit or receive donations of art, historical treasures, or other similar assets
Part IV Escrow and Custodial Arrangements . Complete if the organization answered "Yes" to Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21 is Is the organization an agent , trustee, custodian or other intermediary for contributions or other assets not included on Form 990, Part X? El Yes El No b If "Yes," explain the arrangement in Part XIII and complete the following table Amount c Beginning balance is d Additions during the year 1d e Distributions during the year le f Ending balance if 2a Did the organization include an amount on Form 990, Part X, line 21 ? E:::] Yes 0 No b If "Yes , " ex p lain the arran g ement in Part XIII . Check here if the ex p lanation has been p rovided in Part XIII 0 PartV Endowment Funds . Complete if the organization answered "Yes" to Form 990 , Part IV, line 10 (a) Current year (b) Prior year (c) Two ears back (d) Three years back (e) Four years back is Beginning of year balance b Contributions c Net investment earnings, gains, and losses d Grants or scholarships e Other expenditures for facilities and programs f Administrative expenses g End of year balance 2 Provide the estimated percentage of the current year end balance ( line 1g , column (a)) held as a Board designated or quasi-endowment ► % b Permanent endowment % c Temporarily restricted endowment ► % The percentages in lines 2a , 2b, and 2c should equal 100% 3a Are there endowment funds not in the possession of the organization that are held and administered for the organization by Yes No (i) unrelated organizations 3a i (ii) related organizations 3a ii b If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R' 3b 4 Describe in Part XIII the intended uses of the org anization 's endowment funds Part VI Land. Buildings . and Eauinment . See Form 990. Part X. line 10 Description of property (a) Cost or other (b) Cost or other (c) Accumulated (d) Book value basis (investment) basis (other) depreciation
1a Land b Buildings c Leasehold improvements d Equipment e Other 310 374. 167 699. 142 675. Tot al. Add lines 1 a throu g h 1 e (Column (d) must equal Form 990, Part X, column (B), line 10(c)) 142 , 675. Schedule D (Form 990) 2012
232052 12-10-12 26 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule D (Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 3 Part ViI Investments - Other Securities . See Form 990 . Part X. line 12 (a) Description of security or category (including name of security) (b) Book value (c) Method of valuation Cost or end-of-year market value (1) Financial derivatives (2) Closely-held equity interests (3) Other (A) (B) (C) (D) (E) (F) (G) (H )
Total. ( Col. M must e q ual Form 990 , Part X, col. ( B ) line 12. ) Part Vill I Investments - Proaram Related . See Form qqn Part X Imp 1 t (a) Description of investment type (b) Book value (c) Method of valuation Cost or end-of-year market value (1 ) GRAMEEN-JAMEEL PAN-ARAB (2) MICROFINANCE , LTD 5 , 000. END- OF -YEAR MARKET VALUE (3) GRAMEEN CAPITAL INDIA LTD 628 420. END-OF -YEAR MARKET VALUE (4) CASHPOR FINANCIAL AND (5) TECHNICAL SERVICES 250 027. END- OF -YEAR MARKET VALUE (6) DISHTEE DOT COM LTD. 20 , 000. END- OF -YEAR MARKET VALUE (7 ) GRAMEEN FOUNDATION INDIA (8) PRIVATE LIMITED 1 , 327 , 569. END -OF-YEAR MARKET VALUE (9) MUSONI ( DTM & KENYA ) 926 129. END -OF -YEAR MARKET VALUE 1o FAIRTRADE ACCESS FUND 602 325. END -OF -YEAR MARKET VALUE Total Col b must e q ual Form 990 , Part X, col. ( B ) line 13. ) 3 , 759 , 470. 1 Part IX I Other Assets . See Form 990. Part X. line 15 (a) Description (b) Book value (1 ) DEPOSITS 176 624. (2) MICROCREDIT LOANS RECEIVABLE 2 1 612 , 494. (3) (4 ) (5) (6) (7) (8) (9) ( 10)
Total . (Column (b) must equal Form 990 , Part X, col. B line 15 ) ► 2 , 789 , 118. Part X I Other Liabilities . See Form 990, Part X, line 25 (a) Description of liability (b) Book value (1) Federal income taxes (2) DEFERRED RENT LIABILITY 675,714. (3) NOTE PAYABLE 44 058. (4) REFUNDABLE ADVANCE 71,296.
(11) - Total . (Column (b) must equal Form 990, Part X, co! (B) line 25 ) ► ( 791,068.1 2. FIN 48 (ASC 740) Footnote In Part XIII, provide the text of the footnote to the organization ' s financial statements that reports the organization's liability for uncertain tax oositions under FIN 48 (ASC 740) Check here if the text of the footnote has been provided in Part XIII n Schedule D (Form 990) 2012 232053 12-10-12 27 14191121 745960 16995 2012 . 05000 GRAMEEN FOUNDATION USA 169951 >chedule D (Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Paoe4 Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return 1 Total revenue, gains, and other support per audited financial statements 1 21 , 206 , 524. 2 Amounts included on line 1 but not on Form 990, Part VIII, line 12 a Net unrealized gains on investments 2a 148 , 633 . b Donated services and use of facilities 2b 2 , 106 , 347. c Recoveries of prior year grants 2c d Other (Describe in Part XIII) 2d 95 , 554. e Add lines 2a through 2d 2e 2 , 350 , 534. 3 Subtract line 2e from line 1 3 18 , 855 , 990. 4 Amounts included on Form 990, Part VIII, line 12, but not on line 1 a Investment expenses not included on Form 990, Part VIII, line 7b 4a b Other (Describe in Part XIII) 4b -167 , 790. c Add lines 4a and 4b c - 67 , 90. 5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I line 12 ) 5 1$ 6 8 $ 2 0 0 , Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return 1 Total expenses and losses per audited financial statements 1 25 645 , 886. 2 Amounts included on line 1 but not on Form 990, Part IX, line 25 a Donated services and use of facilities 2a 2 , 106 , 347. b Prior year adjustments 2b c Other losses 2c d Other (Describe in Part XIII) 2d 818 , 686. e Add lines 2a through 2d 2e 2 , 925 , 033. 3 Subtract line 2e from line 1 3 22 , 720 , 853. 4 Amounts included on Form 990, Part IX, line 25, but not on line 1 a Investment expenses not included on Form 990, Part VIII, line 7b 4a b Other (Describe in Part XIII) 4b 1 0 4 6 0 5 0. c Add lines 4a and 4b c , 046 .050.
Part XIIlI Supplemental Information Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9, Part III, lines 1 a and 4, Part IV, lines 1 b and 2b, Part V, line 4, Part X, line 2, Part XI, lines 2d and 4b, and Part XII, lines 2d and 4b Also complete this part to provide any additional information PART X, LINE 2: FOR THE YEARS ENDED MARCH 31, 2013 AND 2012, THE
FOUNDATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME
TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES
AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR
EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
THE FEDERAL FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, IS
SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR Schedule D (Form 990) 2012
232054 12-10-12
28 14191121 745960 16995 2012 .05000 GRAMEEN FOUNDATION USA 169951 Schedule D ( Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Pages Part XIII Supplemental Information (continued)
THREE YEARS AFTER IT IS FILED.
PART XI, LINE 2D - OTHER ADJUSTMENTS:
SPECIAL EVENT EXPENSES REPORTED AS EXPENSES ON THE AUDITED FINANCIAL
STATEMENTS AND NETTED AGAINST REVENUE ON THE 990. PART
II. LN 8 95.554.
PART XI, LINE 4B - OTHER ADJUSTMENTS:
DISCOUNT OF LOANS RECEIVABLE REPORTED AS "OTHER ITEMS" ON THE
FINANCIAL STATEMENTS AND REPORTED AS REVENUE ON THE 990
INDIA REVENUE REPORTED AS REVENUE ON THE AUDITED FINANCIAL
AND NOT INCLUDED ON THE 990 -64,857.
GRAMEEN INDIA ALLOWANCE FOR FOREIGN EXCHANGE RISK
REPORTED AS REVENUE ON THE AUDITED FINANCIAL STATEMENTS AND
INCLUDED ON FORM 990 -102,933.
TOTAL TO SCHEDULE D, PART XI, LINE 4B -167,790.
PART XII, LINE 2D - OTHER ADJUSTMENTS:
SPECIAL EVENT EXPENSES REPORTED AS EXPENSES ON THE AUDITED FINANCIAL
STATEMENTS AND NETTED AGAINST REVENUE ON THE 990, PART
VIII, LN 7 95,554.
GRAMEEN INDIA EXPENSES REPORTED AS EXPENSES ON THE AUDITED FINANCIAL
AND NOT INCLUDED ON THE 990 723,132.
TOTAL TO SCHEDULE D, PART XII, LINE 2D 818,686.
PART XII, LINE 4B - OTHER ADJUSTMENTS:
ALLOWANCE FOR UNCOLLECTIBLE LOANS RECEIVABLE AND FOREIGN EXCHANGE
RISK REPORTED AS "OTHER ITEMS" ON THE FINANCIAL STATEMENTS Schedule D (Form 990) 2012 232055 12-10-12 29 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule D (Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Pag e 5 Part XIII Supplemental Inform ation (continued)
AND REPORTED AS EXPENSES ON FORM 990 1,046,050.
Schedule D (Form 990) 2012 232055 12-10-12 30 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 1545-0047 SCHEDULEF Statement of Activities Outside the United States ..OMB No Complete if the organization answered "Yes" to Form 990, (Form 990) ► 2012 Part IV, line 14b, 15, or 16. Department of the Treasury Attach to Form 990. See separate instructions. Open to Public Internal Revenue Service ► ► Inspection Name of the organization Employer identification number
GRAMEEN FOUNDATION USA 173-1502797 Part I General Information on Activities Outside the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 14b 1 For grantmakers . Does the organization maintain records to substantiate the amount of its grants and other assistance, the grantees' eligibility for the grants or assistance, and the selection criteria used to award the grants or assistance? ® Yes 0 No
2 For grantmakers. Describe in Part V the organization's procedures for monitoring the use of its grants and other assistance outside the United States A Activitiac nar Raninn (The fnllnwinn Part 1 line 3 tahlP can ha dunllcaterl If additional snacP is neariad (a) Region (b) Number of (c) Number of (d) Activities conducted in region (e) If activity listed in (d) (f) Total offices employees, (by type) (e g , fundraising, program is a program service, expenditures agents, and for and in the region services, investments, grants to describe specific type independent investments contractors recipients located in the region) of service(s) in region in reg ion in region
EAST ASIA AND THE PACIFIC 0 0 RANTS TO RECIPIENTS 353120.
MIDDLE EAST AND NORTH AFRICA 0 0 RANTS TO RECIPIENTS 112 500.
SOUTH ASIA 0 0 RANTS TO RECIPIENTS 307 210,
SUB-SAHARAN AFRICA 0 0 RANTS TO RECIPIENTS 73 , 401.
CENTRAL AMERICA AND THE CARIBBIAN 1 11 RANTS TO RECIPIENTS -25000. NFORMATION, CAPITAL, D BUSINESS
EAST ASIA AND THE OPPORTUNITIES FOR THE PACIFIC 3 16 PROGRAM SERVICES P OOR 2 918 301. INFORMATION, CAPITAL, D BUSINESS
MIDDLE EAST AND OPPORTUNITIES FOR THE NORTH AFRICA 0 0 PROGRAM SERVICES P OOR 225 352. INFORMATION, CAPITAL, D BUSINESS OPPORTUNITIES FOR THE SOUTH AMERICA 1 8 PROGRAM SERVICES P OOR 1 . 232 . 914. 3 a Sub-total 5 35 5 197 798. b Total from continuation sheets to Part I 4 91 9 770 653 , -c Totals (add lines 3a and 3b 9 126 14 968 451 , LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990. Schedule F (Form 990) 2012
232071 12-10-12 31 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule F (Form 990) GRAMEEN FOUNDATION USA 73-1502797 Pagel Part I Continuation of Activities per Region .(Schedule F (Form 990), Part 1, line 3) (a) Region (b) Number of (c) Number of (d) Activities conducted in region (e) If activity listed in (d) (f) Total offices employees or (by type) (i e , fundraising, is a program service, expenditures in the region agents in program services, grants to describe specific type for region region recipients located in the region) of service(s) in region
NFORMATION, CAPITAL,
AND BUSINESS PPORTUNITIES FOR THE
OUTH ASIA 1 8 ROGRAM SERVICES POOR 741 915. NFORMATION, CAPITAL, AND BUSINESS PPORTUNITIES FOR THE UB-SAHARAN AFRICA 3 3 ROGRAM SERVICES P OOR 028 738.
Totals 00, 4 91 9 770 653
232181 05-01-12 32 14191121 745960 16995 2012. 05000 GRAMEEN FOUNDATION USA 16995 F (Form 990) 2012 GRAMEEN FOUNDATION USA Grants and Other Assistance to Organizations or Entities Outside the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000 Part II can be duplicated if additional space is needed
Amount of (h) Description (i) Method of (d) Purpose of (e) Amount (f) Manner of (g) 1 (b) IRS code section non-cash valuation (book, FMV, (a) Name of organization (c) Region non-cash of and EIN (if applicable) grant of cash grant cash disbursement assistance assistance appraisal, other)
PROVIDE SCHOLARSHIPS 0 SUPPORT THE AST ASIA AND THE E DUCATION OF POOR PACIFIC S TUDENTS IN 180 , 000. IRE TRANSFER 0, SUPPORT A ICROSAVINGS AST ASIA AND THE INITIATIVE FOR THE PACIFIC P OOREST OF THE POOR 37 , 418. IRE TRANSFER 0. SUPPORT A ICROSAVINGS EAST ASIA AND THE INITIATIVE FOR THE P ACIFIC P OOREST OF THE POOR 41453. IRE TRANSFER 0, SUPPORT BANKERS ITHOUT BORDERS IDDLE EAST AND VOLUNTEERS IN THE ORTH AFRICA ENA REGION. 75 , 000, IRE TRANSFER 0 UPPORT BANKERS
ITHOUT BORDERS IDDLE EAST AND VOLUNTEERS IN THE ORTH AFRICA ENA REGION. 37 , 500. IRE TRANSFER 0 SUPPORT A ICROSAVINGS INITIATIVE FOR THE S OUTH ASIA P OOREST OF THE POOR 29 . 397. IRE TRANSFER 0, SUPPORT A ICROSAVINGS NITIATIVE FOR THE S OUTH ASIA POOREST OF THE POOR 111 , 466. IRE TRANSFER 0 ONDUCT RESEARCH AND PUBLISH A CASE STUDY N BRANCHLESS BANKING S OUTH ASIA N PAKISTAN. 10 383, IRE TRANSFER 0. 2 Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501 (c)(3) equivalency letter 00. 4 3 Enter total number of other organizations or entities 1111, 3 Schedule F (Form 990) 2012 SEE PART V FOR COLUMN (D) DESCRIPTIONS 232072 12-10-12 3 3 Schedule F Form 990 GRAMEEN FOUNDATION USA 73-1502797 Pag e 2 Part 11 ( nntin,intinn of Grants and Other Assistance to 0rnani7atinns or Entities Outside the United States . (Schedule F (Form 990). Part II. line 1) 1 (g) Amount of (h) Description (i) Method of (b) IRS code section (d) Purpose of (e) Amount (f) Manner of (a) Name of organization (c) Region non-cash of non-cash valuation (book, FMV, and EIN ( it applicable ) grant of cash grant cash disbursement assistance assistance appraisal, other)
XPAND ACCESS TO ICRO-FINANCIAL
UB-SAHARAN SERVICES TO RURAL A FRICA P OOR AREAS IN KENYA. 5 . 000. RE TRANSFER . UPPORT MICROSAVINGS NITIATIVE TO EXPAND UB-SAHARAN CCESS OF A FRICA ICROFINANCE SERVICES 8 401, RE TRANSFER .
232182 05-01-12 34 Schedule F (Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 3 Part III Grants and Other Assistance to Individuals Outside the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 16 Part III ran ha rliinhrntari if nririrtinnal snaca is neerlerl (c) Number of (d) Amount of (e) Manner of (f) Amount of (g) Description of (h) Method of (a) Type of grant or assistance (b) Region recipients cash grant cash disbursement non-cash non-cash assistance valuation assistance (book, FMV, ap praisal, other)
Schedule F (Form 990) 2012
232073 12-10-12 35 chedule F (Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 4 Part IV Foreign Forms
1 Was the organization a U S transferor of property to a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 926, Return by a U. S Transferor of Property to a Foreign Corporation (see Instructions for Form 926) ® Yes 0 No
2 Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U S. Owner (see Instructions for Forms 3520 and 3520 -A) _ Yes ® No
3 Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization maybe required to file Form 5471 , Information Return of U S Persons With Respect To Certain Foreign Corporations (see Instructions for Form 5471) ® Yes 0 No
4 Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If "Yes," the organization maybe required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) E:]Yes ® No
5 Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865 , Return of U S Persons With Respect To Certain Foreign Partnerships. (see Instructions for Form 8865) EJ Yes ® No
6 Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to file Form 5713, International Boycott Report. (see Instructions for Form 5713) E:]Yes ®No
Schedule F (Form 990) 2012
232074 12-10-12 36 14191121 745960 16995 2012.05000 GR.AMEEN FOUNDATION USA 169951 Schedule F Form 990 2012 GRAMEEN FOUNDATION USA - 73-1502797 Pag e 5 Part V Supplemental Information Complete this part to provide the information required by Part I, line 2 (monitoring of funds), Part I, line 3, column (f) (accounting method, amounts of investments vs expenditures per region), Part II, line 1 (accounting method), Part III (accounting method), and Part III, column (c) (estimated number of recipients), as applicable Also complete this part to provide any additional information
SCHEDULE F, 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 II, COLUMN (D):
REGION: EAST ASIA AND THE PACIFIC
(D) PURPOSE OF GRANT: PROVIDE SCHOLARSHIPS TO SUPPORT THE EDUCATION OF
POOR STUDENTS IN BANGLADESH.
REGION: EAST ASIA AND THE PACIFIC
(D) PURPOSE OF GRANT: SUPPORT A MICROSAVINGS INITIATIVE FOR THE POOREST
OF THE POOR IN THE PHILIPPINES.
REGION: EAST ASIA AND THE PACIFIC
(D) PURPOSE OF GRANT: SUPPORT A MICROSAVINGS INITIATIVE FOR THE POOREST
OF THE POOR IN THE PHILIPPINES.
232075 12-10-12 Schedule F (Form 990) 2012 37 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 16995__1 Schedule F (Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 5 Part V Supplemental Information Complete this part to provide the information required by Part I, line 2 (monitoring of funds), Part I, line 3, column (f) (accounting method, amounts of investments vs expenditures per region), Part II, line 1 (accounting method), Part III (accounting method), and Part III, column (c) (estimated number of recipients), as applicable Also complete this part to provide any additional information
REGION: SOUTH ASIA
(D) PURPOSE OF GRANT: SUPPORT A MICROSAVINGS INITIATIVE FOR THE POOREST
OF THE POOR IN INDIA.
REGION: SOUTH ASIA
(D) PURPOSE OF GRANT: SUPPORT A MICROSAVINGS INITIATIVE FOR THE POOREST
OF THE POOR IN INDIA.
REGION: SUB-SAHARAN AFRICA
(D) PURPOSE OF GRANT: SUPPORT MICROSAVINGS INITIATIVE TO EXPAND ACCESS
OF MICROFINANCE SERVICES FOR THE POOR IN ETHIOPIA.
232075 12- 10-12 Schedule F (Form 990) 2012 38 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 SCHEDULE G Supplemental Information Regarding OMB No 1545-0047 (Form 990 or 990-EZ) Fundraising or Gaming Activities Complete if the organization answered "Yes" to Form 990, Part IV, lines 17, 18, or 19, Department of the Treasury or if the organization entered more than $15,000 on Form 990-EZ, line 6a. Open To Public Internal Revenue Service D Attach to Form 990 or Form 990-EZ. D See seaarate instructions. Inspection Name of the organization Employer identification number TI 73-1502797 Party Fundraising Activities. Complete if the organization answered "Yes" to Form 990, Part IV, line 17 Form 990-EZ filers are not required to complete this part
1 Indicate whether the organization raised funds through any of the following activities Check all that apply. a Mail solicitations e 0 Solicitation of non-government grants b 0 Internet and email solicitations f 0 Solicitation of government grants c 0 Phone solicitations g 0 Special fundraising events d 0 In-person solicitations 2 a Did the organization have a written or oral agreement with any individual (including officers, directors, trustees or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services? 0 Yes 0 No b If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is to be compensated at least $5,000 by the organization
Amount paid (iii) Did (v) (vi) Amount paid (i) Name and address of individual hafun (iv) Gross receipts to (or retained by) (ii) Activity ve r Cer cudy fundraiser to (or retained by) or entity (fundraiser) or control of from activity organization contributions'' listed in col (t)
Yes No
Total 3 List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing
LHA Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ. Schedule G (Form 990 or 990-EZ) 2012
232081 01-07-13 39 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule G (Form 990 or 990-EZ) 2012 GRAMEEN FOUNDATION USA 73-1502797 Pag e 2 Part II Fundraising Events . Complete if the organization answered "Yes" to Form 990, Part IV, line 18, or reported more than $15,000 of fi,nriramina event contributions and aross income on Form 990-EZ , lines 1 and 6b List events with gross receipts greater than $5,000. (a) Event #1 (b) Event #2 (c) Other events (d) Total events NONE (add col (a) through C GALA col (c)) (event type) (event type) (total number)
c ED 1 Gross receipts 308 , 879. 308 , 879.
2 Less Contributions 281 , 254. 281 , 254.
3 Gross income line 1 minus line 2 27 , 625. 27 , 625.
4 Cash prizes
5 Noncash prizes U) a) a`, 6 Rent/facility costs 23 , 937. 23 , 937. C1X W 7 Food and beverages 22 , 000. 22 , 000. 0 8 Entertainment 9 Other direct expenses 49 , 617. 49 , 617. 10 Direct expense summary Add lines 4 through 9 in column (d) ► 95 , 554 4 11 Net income summary Combine line 3 , colum n d and line 10 11111. -67 , 929. Part III Gaming . Complete if the organization answered " Yes" to Form 990, Part IV, line 19, or reported more than $15,000 on Form 990 - EZ, line 6a (b) Pull tabslnstant (d) Total gaming (add (a) Bingo (c) Other gaming bingo/progressive bingo col (a) through col (c))
a^ cc: 1 Gross revenue
2 Cash prizes a) U, C a) Noncash prizes xa 3 W U T 4 Rent/facility costs 0
5 Other direct expenses 0 Yes % 0 Yes % 0 Yes % 6 Volunteer labor No No 0 No
7 Direct expense summary Add lines 2 through 5 in column (d)
8 Net g amin g income summa ry Combine line 1 column d and line 7
9 Enter the state (s) in which the organization operates gaming activities a Is the organization licensed to operate gaming activities in each of these states? Yes No b If "No," explain
10a Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? Yes "No b If "Yes," explain
232082 01-07-13 Schedule G (Form 990 or 990-EZ) 2012
40 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule G (Form 990 or 990- EZ) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 3 11 Does the organization operate gaming activities with nonmembers '? Yes 0 No 12 Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity formed to administer charitable gaming? Yes No 13 Indicate the percentage of gaming activity operated in. a The organization 's facility 13a % b An outside facility 13b % 14 Enter the name and address of the person who prepares the organization 's gaming /special events books and records
Name
Address
15a Does the organization have a contract with a third party from whom the organization receives gaming revenue9 0 Yes = No
b If "Yes," enter the amount of gaming revenue received by the organization ► $ and the amount of gaming revenue retained by the third party ► $ c If "Yes," enter name and address of the third party.
Name
Address ►
16 Gaming manager information
Name 111-
Gaming manager compensation ► $
Description of services provided ►
Director/officer 0 Employee = Independent contractor
17 Mandatory distributions a Is the organization required under state law to make charitable distributions from the gaming proceeds to retain the state gaming license? Yes 0 No b Enter the amount of distributions required under state law to be distributed to other exempt organizations or spent in the org anization 's own exem pt activities during the tax year 00, $ Part IV Supplemental Information . Complete this part to provide the explanations required by Part I, line 2b, columns ( iii) and (v), and Part III, lines 9, 9b , 1 Ob, 15b, 15c , 16, and 17b, as applicable Also complete this part to provide any additional information (see instructions)
232083 01 -07-13 Schedule G (Form 990 or 990-EZ) 2012 41 14191121 745960 16995 2012 . 05000 GR.AMEEN FOUNDATION USA 16995 1 SCHEDULEI OMB No 1545-0047 Grants and Other Assistance to Organizations, (Form 990) Governments, and Individuals in the United States 2012
Department of the Treasury Complete if the organization answered "Yes" to Form 990, Part IV, line 21 or 22. Open to Public Internal Revenue Service Attach to Form 990. Inspection
Name of the organization Employer identification number nDT),RCO*T L+nTTKTT1 mTnr.T TTe7 7' -1 1;n,)7Q7 General Information on Grants and Assistance Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees ' eligibility for the grants or assistance , and the selection criteria used to award the grants or assistance? ® Yes No 2 Describe in Part IV the org anization's p rocedures for monitoring the use of g rant funds in the United States Part II Grants and Other Assistance to Governments and Organizations in the United States . Complete if the organization answered "Yes" to Form 990, Part IV, line 21, for-any redolent that received more than $5.000 Part II can be duollcated if additional space is needed (f) Method of 1 (a) Name and address of organization (b) EIN (c) IRC section (d) Amount of (e) Amount of (g) Description of (h) Purpose of grant valuation (book, if applicable cash grant non-cash non-cash assistance or assistance or government FMV, appraisal, assistance other)
SUPPORT CAPACITY BUILDING FONKOZE USA D OPERATIONAL EXPENSES 1700 KALORAMA RD NW, SUITE 102 N ACCORDANCE WITH WASHINGTON DC 20009 52-2022113 501(C) ( 3) 17 000. 0 M ISSION - TO BUILD
PROJECT ENTERPRISE 144 W. 125TH STREET PERATIONAL EXPENSES TO NEW YORK NY 10027 13-3907579 501(C )( 3) 5 000. 0. S UPPORT THE POOR RANT TO SUPPORT MICROCREDIT SUMMIT CAMPAIGN ONFERENCE FOR 1730 RHODE ISLAND AVE., NW, SUITE POVERTY-FOCUSED WASHINGTON DC 20036 95-3747267 501 ( C) ( 3) 5 , 000. 0. RGANIZATIONS
2 Enter total number of section 501 (c)(3) and government organizations listed in the line 1 table 00. 3. 3 Enter total number of other organizations listed in the line 1 table ► 0. LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule I (Form 990) (2012) SEE PART IV FOR COLUMN (H) DESCRIPTIONS 232101 12-18-12 42 Schedule I Form 990 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 2 LPart III Grants and Other Assistance to Individuals in the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 22 Part III can be duplicated if additional space is needed
(a) Type of grant or assistance (b) Number of (c) Amount of (d) Amount of non- (e) Method of valuation (f) Description of non-cash assistance recipients cash grant cash assistance (book, FMV, appraisal, other)
Part IV I Supplemental Information . Complete this part to provide the information required in Part I, line 2, Part III, column (b), and any other additional information
SCHEDULE I, 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 232102 12-18-12 43 Schedule I (Form 990) (2012) Schedule I (Form 990) GRAMEEN FOUNDATION USA 73-1502797 Page 2 Part IV Supplemental Information
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.
T II. LINE 1, COLUMN (H):
NAME OF ORGANIZATION OR GOVERNMENT: FONKOZE USA
E OF GRANT OR ASSISTANCE: SUPPORT CAPACITY BUILDING AND
OPERATIONAL EXPENSES IN ACCORDANCE WITH MISSION - TO BUILD ECONOMIC
FOUNDATIONS FOR HAITI BY PROVIDING THE RURAL POOR WITH TOOLS TO LIFT
THEMSELVES OUT OF POVERTY.
Schedule I (Form 990) 232291 05-01-12 44 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 SCHEDULE J Compensation Information OMB No 1545-0047 (Form 990) For certain Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees 2012 to Form 990, ► Complete if the organization answered "Yes" Part IV, line 23. Open to Public Department of the Treasury I Inspecti on intern ial Revenue Service ► Attach to Form 990. ► See separate instructions. Name of the organization Employer identification number 71_1 cn7'707 Part I I Questions Regard
1a Check the appropriate box(es) if the organization provided any of the following to or for a person listed in Form 990, Part VII, Section A, line la Complete Part III to provide any relevant information regarding these items 0 First- class or charter travel ® Housing allowance or residence for personal use ® Travel for companions E:]Payments for business use of personal residence ® Tax indemnification and gross-up payments F---]Health or social club dues or initiation fees Discretionary spending account 0 Personal services (e g , maid, chauffeur, chef)
b If any of the boxes on line la are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain 1b X 2 Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? 2 X
3 Indicate which , if any, of the following the filing organization used to establish the compensation of the organization's CEO/Executive Director Check all that apply Do not check any boxes for methods used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III Compensation committee 0 Written employment contract Independent compensation consultant ® Compensation survey or study Form 990 of other organizations ® Approval by the board or compensation committee
4 During the year, did any person listed in Form 990, Part VII, Section A, line 1 a, with respect to the filing organization or a related organization a Receive a severance payment or change-of-control payment? 4a X b Participate in, or receive payment from, a supplemental nonqualified retirement plan? 4b X c Participate in, or receive payment from, an equity-based compensation arrangement'? 4c X If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III
Only section 501(c)(3) and 501 ( c)(4) organizations must complete lines 5-9. 5 For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization pay or accrue any compensation contingent on the revenues of a The organization? 5a X b Any related organization? 5b X If "Yes" to line 5a or 5b, describe in Part III 6 For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any compensation contingent on the net earnings of a The organization? 6a X b Any related organization? 6b X If "Yes" to line 6a or 6b, describe in Part III 7 For persons listed in Form 990, Part VII, Section A, line 1 a, did the organization provide any non-fixed payments not described in lines 5 and 6' If "Yes," describe in Part III 7 X 8 Were any amounts reported in Form 990, Part VII, paid or accrued pursuant to a contract that was subject to the initial contract exception described in Regulations section 53 4958-4(a)(3)? If "Yes," describe in Part III 8 X 9 If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53 4958-6 (c) ? 9 LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990 . Schedule J (Form 990) 2012
232111 12-10-12 45 14191121 745960 16995 2012 .05000 GRAMEEN FOUNDATION USA 169951 Schedule Part II I Officers. Directors. Trustees. Key Employees. and Highest Compensated Employees. Use duplicate copies if additional space is needed For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the instructions, on row (ii) Do not list any individuals that are not listed on Form 990, Part VII Note . The sum of columns (B)(i)-(ul) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual
(B) Breakdown of W-2 and/or 1099 MISC compensation (C) Retirement and (D) Nontaxable (E) Total of columns (F) Compensation other deferred benefits (B)(i)-(D) reported as deferred (i) Base (h) Bonus & (III) Other compensation in prior Form 990 (A) Name and Title compensation incentive reportable compensation compensation
(1) ALEXANDER COUNTS (i> 16 4 8 06. 0. 0. 4 , 799. 5 , 863. 175 , 468. 0. PRESIDENT & CEO it 0. 0. 0. 0. 0. 0. 0 (2) JOSHUA TRIPP (i) 147 343. 0. 0. 4 037. 10 891. 162 271. 0. CFO & COO 0. 0. 0. 0. 0. 0. 0. (3) DAVID EDELSTEIN (1) 147 780. 0. 0. 4 , 209. 10 , 609. 162 598. 0. SVP SOLUTIONS AND REGIONS 0 • 0 • 0 • 0 • 0 • 0 • 0 • (4) CAMILLA NESTOR 0) 40 , 610. 0. 0. 4 , 098. 9 , 343. 154 , 051. 0. VP FINANCIAL SERVICES 0. 0 . 0. 0. 0. 0. 0. (5) JULIA SOYARS (1) 148 561. 0. 0. 4 , 330. 5 , 844. 158 735. 0. GENERAL COUNSEL it 0. 0. 0. 0. 0. 0. 0. (6) GORDON LAVIGNE 0) 159 539. 10 000. 0. 0. 8 , 298. 177 837. 0. VP EXTERNAL AFFAIRS 0 • 0 • 0 • 0 • 0 • 0 • 0 (7) STEPHEN WARDLE (I) 207 283. 0. 0. 3 , 318. 11 , 224. 221 825. 0. CEO AFRICA 0. 0. 0. 0. 0. 0. 0. (8) SEAN KREPP (1) 232 164. 0. 0. 0. 14 , 090. 246 254. 0. COUNTRY DIRECTOR 0. 0. 0. 0. 0. 0. 0 (9) JULIE PEACHEY 0) 172 496. 0. 0. 2 , 498. 7 , 077. 182 071. 0. SENIOR PROGRAM MANAGER 0 . 0 . 0 . 0 . 0. 0 . 0 . (10) ERIN CONNOR (I) 39 , 111. 0. 0. 1 , 683. 13 , 553. 154 347. 0. PROGRAM MANAGER 0. 0. 0. 0. 0. 0. 0. (I)
(I)
(I)
11
(I)
(I
(I)
Schedule J (Form 990) 2012 232112 12-12-12 46 Schedule J 73 - ntal Information Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1 a, 1 b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II Also complete this part for any additional information
PART I, LINE 1A: GRAMEEN FOUNDATION OCCASIONALLY HIRES EXPATRIATES OR
THIRD - COUNTRY NATIONAL EMPLOYEES TO WORK IN OUR FIELD OFFICES. FOR THESE
EMPLOYEES, GRAMEEN FOUNDATION HAS DEVELOPED A CONSISTENT BENEFITS FRAMEWORK
THAT INCLUDES TAX E QUALIZATION PAYMENTS , TRAVEL FOR DEPENDENTS TO THE POST,
AND A HOUSING ALLOWANCE. FOR THE PERIOD COVERED BY THIS FILING , SEAN KREPP
STEPHEN WARDLE, ERIN CONNOR, AND JULIE PEACHEY WERE "HIGHEST COMPENSATED
EMPLOYEES " WHO RECEIVED SUCH BENEFITS BECAUSE OF THEIR EXPATRIATE STATUS.
PART I, LINE 7: GORDON LAVIGNE RECEIVED SIGNING BONUS IN THE AMOUNT OF
$10,000 RESPECTIVE TO THE FISCAL YEAR ENDED 3 /31/12. HOWEVER, THIS AMOUNT
WAS PAID IN FEBRUARY, 2012, AND AS SUCH IS INCLUDED IN THE CALENDAR YEAR
COMPENSATION REPORTED ON THE 2012 FORM 990.
Schedule J (Form 990) 2012
232113 12-10-12 47 SCHEDULE L Transactions With Interested Persons OMB No 1545-0047 (Form 990 or 990-EZ) ► Complete if the organization answered "Yes" on Form 990, Part IV, line 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b. Department of the Treasury Open To Public Internal Revenue Service 10- Attach to Form 990 or Form 990-EZ. Job- See separate instructions. Inspection Name of the organization Employer identification number CGRAMEEN FOUNDATION USA 73-1502797 I Fart I I excess ueneTit I ransactions (section 501 (c)(3) and section 501 (c)(4) organizations only). Com p lete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b (b) Relationship between disqualified d Corrected? 1 (a) Name of disqualified person (c) Description of transaction Derson and organization Yes No
2 Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958 ► $ 3 Enter the amount of tax, if any, on line 2, above, reimbursed by the organization $
Part II Loans to and/or From Interested Persons. Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a or Form 990, Part IV, line 26, or if the organization rannrteri an amra int on Fnrm 991) Part X hna 5. Pi or 22 (b) Relationship (h) Approved a) Name of (c) Purpose (d) Loan to or (e) al m (f) Balance due Written ( with from the (g) In by board or (t) person of loan principc^p al a m o unt defaults agreement interested organization organizations committee? To From Yes No Yes No Yes No
Total $ Part III I Grants or Assistance t3enetlting Interested Persons. Com p lete if the org anization answered "Yes" on Form 990, Part IV, line 27 (a) Name of interested person (b) Relationship between (c) Amount of (d) Type of (e) Purpose of interested person and assistance assistance assistance the organization
LHA For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990 - EZ. Schedule L (Form 990 or 990- EZ) 2012
232131 12-03-12 48 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule L (Form 990 or 990-EZ 2012 GRAMEEN FOUNDATION USA 73-1502797 Pag e 2 Part IV Business Transactions Involving Interested Persons. rmmnlate if the oroanization answered "Yes" on Form 990. Part IV. line 28a. 28b. or 28c Relationship interested Amount of (d) Description of (e) Sharing of (a) Name of interested person (b) between (c) organ?'s person and the organization tiansaction transaction revenuesunes? Yes No GRAMEEN-JAMEEL PAN-ARAB MI SEE SCHEDULE 0 319 , 825. ABOR AND P X
Part V - Supplemental Information Complete this part to provide additional information for responses to questions on Schedule L (see instructions)
SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS:
(A) NAME OF PERSON: GRAMEEN-JAMEEL PAN-ARAB MICROFINANCE LTD
(B) RELATIONSHIP BETWEEN INTERESTED PERSON AND ORGANIZATION:
SEE SCHEDULE 0
(C) AMOUNT OF TRANSACTION $ 319,825.
(D) DESCRIPTION OF TRANSACTION: LABOR AND PROFESSIONAL SERVICES PROVIDED
BY GRAMEEN AT FMV.
(E) SHARING OF ORGANIZATION REVENUES? = NO
Schedule L (Form 990 or 990-EZ) 2012 232132 12-03-12 49 14191121 745960 16995 2012. 05000 GRAMEEN FOUNDATION USA 169951 SCHEDULE• • M Noncash Contributions OMB No 1545-0047 (Form 990) ^O 01 Complete if the organizations answered "Yes" on Form Department of the Treasury 990, Part IV, lines 29 or 30. Open to Public Internal Revenue Service Inspection ► Attach to Form 990. Name of the organization E mployer identification number GRAMEEN FOUNDATION USA 73-1502797 Part I Types of Property (a) (b) (c) (d) Check if Number of Noncash contribution Method of determining applicable contributions or amounts reported on noncash contribution amounts items contributed Form 990 , Part VIII , line 1 1 Art -Works of art 2 Art - Historical treasures 3 Art - Fractional interests 4 Books and publications 5 Clothing and household goods 6 Cars and other vehicles 7 Boats and planes 8 Intellectual property 9 Securities - Publicly traded X 10 30 , 175. MV 10 Securities - Closely held stock 11 Securities - Partnership, LLC, or trust interests 12 Securities - Miscellaneous 13 Qualified conservation contribution - Historic structures 14 Qualified conservation contribution - Other 15 Real estate - Residential 16 Real estate - Commercial 17 Real estate - Other 18 Collectibles 19 Food inventory 20 Drugs and medical supplies 21 Taxidermy 22 Historical artifacts 23 Scientific specimens 24 Archeological artifacts 25 Other ► 26 Other ► 27 Other ► 28 Other ► 29 Number of Forms 8283 received by the organization during the tax year for contributions for which the organization completed Form 8283, Part IV, Donee Acknowledgement 29 0 Yes No 30a During the year, did the organization receive by contribution any property reported in Part I, lines 1-28 that it must hold for at least three years from the date of the initial contribution, and which is not required to be used for exempt purposes for the entire holding period? 30a X b If "Yes," describe the arrangement in Part II 31 Does the organization have a gift acceptance policy that requires the review of any non-standard contributions? 31 X 32a Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash contributions? 32a X b If "Yes," describe in Part II 33 If the organization did not report an amount in column (c) for a type of property for which column (a) is checked, describe in Part II LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990. Schedule M (Form 990) (2012)
232141 12-20-12 50 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Schedule M (Form 990) (2012 ) GRAMEEN FOUNDATION USA 73-1502797 Page 2 Part II Supplemental Information . Complete this part to provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both Also complete this part for any additional information
SCHEDULE M, LINE 32B: GRAMEEN FOUNDATION HAS A CONTRACT WITH A COMPANY
TO PROCESS CAR DONATIONS. HOWEVER, GRAMEEN FOUNDATION HAS NOT YET
RECIEVED OR SOLD ANY CAR DONATIONS.
232142 12-20-12 Schedule M (Form 990) (2012)
51 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 OMB No 1545-0047 SCHEDULE 0 Supplemental Information to Form 990 or 990-EZ (Form 990 or 990-EZ) Complete to provide information for responses to specific questions on 2012 Form 990 or 990-EZ or to provide any additional information. Open to Public Department of the Treasury ► Attach to Form 990 or 990-EZ. Name of the organization Employer identification number
FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS:
FINANCIAL SERVICES-
THROUGH OUR MICROSAVINGS INITIATIVE, WE HELPED TO CREATE MORE THAN
773,000 NEW SAVERS IN ETHIOPIA, INDIA AND THE PHILIPPINES. WE ALSO
PLACED $7.6 MILLION IN LOAN GUARANTEES THROUGH OUR GROWTH GUARANTEES
PROGRAM, GENERATING $25.7 MILLION IN LOCAL-CURRENCY FINANCING FOR
MICROFINANCE INSTITUTIONS, AND PROVIDED $2.5 MILLION IN DIRECT
FINANCING TO PROMISING, INNOVATIVE POVERTY-FOCUSED ORGANIZATIONS
THROUGH OUR PIONEER FUND.
FORM 990, PART III, LINE 4B, PROGRAM SERVICE ACCOMPLISHMENTS:
INFORMATION ACCESS-
HEALTH: THROUGH OUR SOLUTIONS, BENEFICIARIES CAN LEARN WHEN AND WHERE
TO ACCESS CARE, HEALTHCARE PROVIDERS CAN LEARN HOW TO MANAGE THEIR
CASELOADS MORE EFFECTIVELY AND MINISTRIES OF HEALTH CAN ACCESS MORE
RELIABLE DATA FROM PROVIDERS. WE HAVE PROVIDED HEALTH ADVICE TO 6,495
PREGNANT WOMEN AND MOTHERS OF INFANTS IN TWO REGIONS OF GHANA. SINCE
2010, MORE THAN 14,600 PEOPLE HAVE REGISTERED FOR MOBILE MIDWIFE.
FIFTY-EIGHT RURAL HEALTH FACILITIES ARE ALSO USING MOTECH TO MANAGE
CLIENT DATA.
AGRICULTURE: BY COMBINING MOBILE TECHNOLOGY SOLUTIONS WITH TRUSTED
HUMAN OPERATORS, WE ARE ABLE TO CREATE SUSTAINABLE AGRICULTURAL
IMPROVEMENTS AND INCREASED INCOMES FOR THE POOR. WE HAVE RECRUITED
1,139 COMMUNITY KNOWLEDGE WORKERS SINCE 2009 TO SERVE 169,294 POOR
HOUSEHOLDS IN 17,802 VILLAGES ACROSS UGANDA. LHA For Paperwork Reduction Act Notice , see the Instructions for Form 990 or 990- EZ. Schedule 0 (Form 990 or 990- EZ) (2012) 232211 01-04-13 It 52 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Name of the organization Employer identification number
FORM 990, PART III,-LINE' 4C, PROGRAM SERVICE ACCOMPLISHMENTS:
TY TOOLS-
BANKERS WITHOUT BORDERS, OUR VOLUNTEER INITIATIVE FOR SKILLED
PROFESSIONALS, HAS PROVIDED MORE $1.65 MILLION WORTH OF SERVICES TO
SOCIAL ENTERPRISES. TAROWORKS, A SUITE OF MOBILE PRODUCTS, IS HELPING
SOCIAL ENTERPRISES THAT WORK IN RURAL, HARD-TO-REACH AREAS GET RICHER
AND TIMELIER DATA ON THEIR CLIENTS, AS WELL AS MANAGE THEIR WORKFORCE.
MORE THAN 200 POVERTY-FOCUSED ORGANIZATIONS AROUND THE WORLD HAVE ALSO
USED OUR PROGRESS OUT OF POVERTY INDEX TO TRACK THE PROGRESS OF THEIR
INTERVENTIONS. WE HAVE INVESTED $2.5 MILLION IN PROMISING, INNOVATIVE
POVERTY-FOCUSED ORGANIZATIONS. WE HAVE CREATED 47 COUNTRY-SPECIFIC PPIS
TO MEASURE POVERTY LEVELS SINCE 2005.
FORM 990, PART III, LINE 4D, OTHER PROGRAM SERVICES:
REGIONAL PROGRAMS - GF SERVES THE POOR IN FOUR REGIONS: - ASIA, LATIN
AMERICA AND THE CARIBBEAN (LAC), MIDDLE EAST & NORTH AFRICA (MENA), AND
SUB-SAHARAN AFRICA (SSA). DURING THIS REPORTING PERIOD, WE OPERATED
OFFICES IN SEVEN FOREIGN COUNTRIES (DETAILED BELOW), MANAGED BY
REGIONAL LEADERSHIP, PROGRAMMATIC & SUPPORT STAFF. THESE TEAMS SET OUR
REGIONAL AGENDAS & CULTIVATED LOCAL PARTNERSHIPS TO MAXIMIZE THE IMPACT
OF OUR PROGRAMMATIC WORK. OUR OFFICES IN ASIA ARE LOCATED IN HONG KONG,
THE PHILIPPINES AND INDIA (THROUGH A WHOLLY-OWNED SUBSIDIARY, GRAMEEN
FOUNDATION INDIA). OUR OFFICE IN LAC IS IN COLOMBIA. SINCE 2007, WE
HAVE CONDUCTED OUR WORK IN THE MENA REGION IN PARTNERSHIP WITH
GRAMEEN-JAMEEL MICROFINANCE LTD., A JOINT VENTURE BETWEEN GF AND THE
ALJ FOUNDATION. OUR OFFICES IN SSA ARE LOCATED IN GHANA, KENYA AND
UGANDA. 232212 01-04- 13 Schedule 0 (Form 990 or 990-EZ) (2012) 53 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 le 0 (Form 990 or Name of the organization Employer identification number
EXPENSES $ 3,496,337. INCLUDING GRANTS OF $ 234,383. REVENUE $ 0.
PUBLIC EDUCATION.
EXPENSES $ 758,892. INCLUDING GRANTS OF $ 0. REVENUE $ 0.
FORM 990, PART V, LINE 4B, LIST OF FOREIGN COUNTRIES:
GHANA, COLOMBIA, UGANDA, HONG KONG,
PHILIPPINES, KENYA, INDONESIA
FORM 990, PART VI, SECTION A, LINE 4: THE BOARD APPROVED AMENDMENTS TO
OUR ARTICLES OF INCORPORATION AND BYLAWS. THE PRIMARY CHANGE TO THE
ARTICLES OF INCORPORATION IS AN AMENDMENT TO GRAMEEN FOUNDATION USA'S
CHARITABLE PURPOSE STATEMENT TO MORE ACCURATELY REFLECT THE EXPANDED
CHARITABLE WORK WE UNDERTAKE. THE AMENDMENT SPECIFICALLY ADDS EDUCATION AND
HEALTH AND CALLS OUT THE TECHNOLOGY CONNECTION WITH OUR WORK. THE CHANGES
TO THE BYLAWS WILL ALLOW ALTERNATES FOR ALL COMMITTEES (SIMILAR TO WHAT IS
PERMITTED FOR THE EXECUTIVE COMMITTEE) TO ASSIST THE INVESTMENT COMMITTEE
IN MEETING QUORUM REQUIREMENTS. ADDITIONAL CHANGES TO THE BYLAWS ARE
PROPOSED TO PROVIDE BETTER CLARIFICATION AND UNIFORMITY. IN ADDITION THE
GOVERNANCE COMMITTEE IS RECOMMENDING AMENDMENTS TO THE PROVISIONS IN THE
ARTICLES ADDRESSING DISSOLUTION TO RESOLVE A CONFLICT BETWEEN THE ARTICLES
AND THE BYLAWS AND TO ALLOW FOR THE DISTRIBUTION OF ASSETS FOR AN EXEMPT
PURPOSE.
FORM 990, PART VI, SECTION B, LINE 11: THE DRAFT 990 WAS PREPARED BY THE
OUTSIDE ACCOUNTANTS AND WAS DISCUSSED WITH AND REVIEWED BY THE EXECUTIVE
LEADERSHIP TEAM. SUBSEQUENTLY, A DRAFT WAS PROVIDED ELECTRONICALLY TO ALL
MEMBERS OF THE BOARD OF DIRECTORS AND THE AUDIT COMMITTEE PRIOR TO FILING. 232212 01-04- 13 Schedule 0 (Form 990 or 990- EZ) (2012) 54 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Name of the organization Employer identification number
MEMBERS HAD 5 BUSINESS DAYS TO REVIEW AND PROVIDE COMMENT ON THE DRAFT. IN
ADDITION, GRAMEEN FOUNDATION USA PROVIDED THE FINAL VERSION OF THE 990 TO
ALL BOARD MEMBERS AND PROVIDED A FORUM AT THE NEXT BOARD MEETING TO DISCUSS
THE DOCUMENT.
FORM 990, PART VI, SECTION B, LINE 12C: GRAMEEN FOUNDATION USA MAINTAINS
TWO CONFLICT OF INTEREST POLICIES: ONE FOR BOARD MEMBERS AND OFFICERS, AND
ONE FOR ALL EMPLOYEES. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO FILL OUT
AND SIGN A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY, HIGHLIGHTING ANY
POTENTIAL CONFLICTS. ADDITIONALLY, ALL OTHER STAFF ARE EXPECTED TO MAKE
POTENTIAL CONFLICTS KNOWN TO THE EXECUTIVE LEADERSHIP TEAM. UNTIL GRAMEEN
APPROVES ACTIONS TO MITIGATE OR OTHERWISE RESOLVE THE CONFLICT, THE GRAMEEN
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 ON APRIL 2012.
FORM 990, PART VI, LINE 17, LIST OF STATES RECEIVING COPY OF FORM 990: 232212 01-04-13 Schedule 0 (Form 990 or 990-EZ) (2012) 55 14191121 745960 16995 2012. 05000 GRAMEEN FOUNDATION USA 169951 or Name of the organization Employer identification number
AK,AL, AZ,AR ,CA,CO,CT,DC,FL,GA,IL,KS,KY, LA,ME,MD,MA , MI,MN , MS,MT , NH,NJ,NM,NY
NC ND OH OK OR PA RI SC TN UT VA WA WV WI HI
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, OTHER FEES:
SOFTWARE DEVELOPMENT (SEE BELOW):
PROGRAM SERVICE EXPENSES 4,661,311.
MANAGEMENT AND GENERAL EXPENSES 103,905.
FUNDRAISING EXPENSES 0.
TOTAL EXPENSES 4,765,216.
OTHER PROFESSIONAL FEES:
PROGRAM SERVICE EXPENSES 1,584,497.
MANAGEMENT AND GENERAL EXPENSES 59,478.
FUNDRAISING EXPENSES 1,811.
TOTAL EXPENSES 1,645,786.
TOTAL OTHER FEES ON FORM 990, PART IX, LINE 11G, COL A 6,411,002.
FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:
AFFILIATE CURRENCY ADJUSTMENT 13,804.
PART IX. LINE 11G:
SOFTWARE DEVELOPMENT FEES: FEES TO SOFTWARE DEVELOPMENT COMPANIES TO
DEVELOP OUR TAROWORKS AND MOTECH SOFTWARE SOLUTIONS FOR POVERTY-FOCUSED
ORGANIZATIONS. 232212 01-04 - 13 Schedule 0 (Form 990 or 990-EZ) (2012) 56 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 Name of the organization Employer identification number GRAMEEN FOUNDATION USA 73-1502797
FORM 990, SCHEDULE L, PART IV, COLUMN B:
ALEX COUNTS, JAMES GREENBERG, AND PETER BLADIN (EACH OF WHOM ARE
DIRECTORS OF GRAMEEN FOUNDATION USA) ARE BOARD MEMBERS OF
GRAMEEN-JAMEEL MICROFINANCE LTD.
FORM 990, PART I, LINE 19:
ON LINE 19 OF OUR 990, GRAMEEN FOUNDATION IS SHOWN TO HAVE A LOSS OF
$5.OM IN FY13 AND $4.6M IN FY12. THESE "LOSSES" REFLECT A REDUCTION OF
RESTRICTED ASSETS IN EACH YEAR, AND IT IS IMPORTANT TO NOTE THAT GF
Y INCREASED ITS UNRESTRICTED NET ASSETS IN EACH OF THESE TWO
YEARS -- WHICH WE BELIEVE IS A MORE ACCURATE REFLECTION OF OUR ACTUAL
OPERATIONAL PERFORMANCE.
THE REASON FOR THE DIFFERENCE IS DUE TO THE ACCOUNTING REQUIREMENT TO
RECOGNIZE RESTRICTED DONATIONS AS REVENUE WHEN THEY ARE PLEDGED RATHER
THAN WHEN THEY ARE RELEASED FROM RESTRICTION (WHICH HAPPENS WHEN THEY
ARE SPENT IN ACCORDANCE WITH DONOR RESTRICTIONS). WHILE THE FORM 990 IS
RIGID AND ONLY SHOWS THE TOTAL PRESENTATION, OUR AUDIT MORE
COMPREHENSIVELY SHOWS BOTH THE TOTAL PRESENTATION AND THE UNRESTRICTED
PRESENTATION.
IN FY10, GRAMEEN FOUNDATION HAD A $7.5M INCREASE IN TOTAL NET ASSETS
DUE IN PART TO A FEW LARGE, RESTRICTED, MULTI-YEAR DONATIONS. IN THE
SUBSEQUENT 3 YEARS WE SPENT THESE FUNDS IN FURTHERANCE OF DONOR
RESTRICTIONS (AND OUR MISSION). DUE TO ACCOUNTING RULES, WE WERE
REQUIRED TO RECOGNIZE THE FULL REVENUE IN FY10 (WITH MINIMAL EXPENSES)
AND NO REVENUE OVER THE FOLLOWING THREE YEARS WHEN WE DELIVERED ON THE 232212 01-04 - 13 Schedule 0 (Form 990 or 990- EZ) (2012) 57 14491122 745960 16995 2012 . 05000 GRAMEEN FOUNDATION USA 169951 Name of the organization Employer identification number GRAMEEN FOUNDATION USA 73-1502797
PROGRAMS AND EXPENDED THE FUNDS -- THUS THE TOTAL "LOSSES" DURING THOSE
YEARS. AGAIN, THE GRAMEEN FOUNDATION AUDIT PROVIDES A CLEARER PICTURE
OF OUR ACTUAL OPERATIONAL RESULTS FOR FY10 BY SHOWING BOTH THE TOTAL
AND UNRESTRICTED PRESENTATION OF NET ASSETS, INCLUDING A REDUCTION IN
UNRESTRICTED NET ASSETS DESPITE THE LARGE REVENUE INFLOWS.
IT IS IMPORTANT TO NOTE THAT AN ONGOING ANNUAL REDUCTION IN TOTAL NET
ASSETS IS NOT SUSTAINABLE, AND OUR OVERALL NET ASSET BALANCE
(RESTRICTED PLUS UNRESTRICTED) WILL EVEN OUT OR TURN POSITIVE OVER THE
NEXT COUPLE OF YEARS AS OUR FUNDING MIX SHIFTS TO MORE EARNED REVENUE
AND GOVERNMENT GRANTS -- AND AS WE RAISE NEW RESTRICTED GRANTS FOR
FUTURE YEARS. FOR ADDITIONAL INSIGHT INTO OUR FINANCIAL PERFORMANCE, WE
ENCOURAGE ALL STAKEHOLDERS TO VIEW OUR AUDIT WHICH IS AVAILABLE FOR
DOWNLOAD ON OUR WEBSITE.
2 32212 011--0404--13 Schedule 0 (Form 990 or 990-EZ ) ( 2012) 58 14191121 745960 16995 2012.05000 GRAMEEN FOUNDATION USA 169951 OMF! No 1545-0047 SCHEDULE R Related Organizations and Unrelated Partnerships (Form 990) 2012 0, Complete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37. Open to Public Department of the Treasury Attach to Form 990 NO- See separate instructions. Name of the organization Employer identification number GRAMEEN FOUNDATION USA 73-1502797
Part I Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33 )
(a) (b) (c) (d) (e) (f) Name, address , and EIN (if applicable ) Primary activity Legal domicile (state or Total income End-of-year assets Direct controlling of disregarded entity foreign country) entity
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exempt Part II organizations during the tax year )
(a) (b) (c) (d) (e) (f) (g) SecLon rolled 13) Name, address, and EIN Prima ^' activity Legal domicile (state or Exempt Code Public charity Direct controllin g cont rolled of related organization foreign country) section status (if section entity entity? 501 (c)(3)) Yes No
For Paperwork Reduction Act Notice, see the Instructions for Form 990. Schedule R (Form 990) 2012
232161 12-10-12 LHA 59 Schedule R (Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 2 Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related Part III organizations treated as a partnership during the tax year )
(a) (b) (c) (d) (e) (f) (g) (h) (t) (1) (k) Name, address, and EIN Primary activity Legal Direct controlling Predominant income Share of total Share of Di sproport ion- Code V-UBI General or Percentage domicile amount in box managing of related organization entity (related unrelated, income end-of-year ate allocations ownership (state or y d"eft foreign excluded from tax under assets 20 of Schedule country) sections 512-514) Yes No K-1 (Form 1065) es No
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related Part IV organizations treated as a corporation or trust during the tax year )
(a) (b) (c) (d) (e) (f) (g) (h) (i) Section Name, address, and EIN Primary activity Legal domicile Direct controlling Type of entity Share of total Share of Percentage 512(bX13) of related organization (state or entity (C corp, S corp, income end-of-year ownership controlled foreign entil or tru st) assets country) Yes No GRAMEEN FOUNDATION INDIA PRIVATE LIMITED IICROFINANCE AND EXPRESS TOWERS 23RD FL . NARIMAN POINT TECHNOLOGY SERVICES RAMEEN MUMBAI INDIA 400021 O BENEFIT THE POOR INDIA OUNDATION USA CORP 64 . 857 . 114712 , 100 , 00% X
232182 12-10-12 60 Schedule R (Form 990) 2012 SEE PART VII FOR CONTINUATIONS Schedule R (Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 3 , Part V Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36 )
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule Yes No 1 During the tax year, did the organization engage in any of the following transactions with one or more related organizations listed in Parts II-IV? a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity is X b Gift, grant, or capital contribution to related organization(s) 1b X c Gift, grant, or capital contribution from related organization(s) 1c X d Loans or loan guarantees to or for related organization(s) id X e Loans or loan guarantees by related organization(s) le X
f Dividends from related organization(s) - if X g Sale of assets to related organization(s) 1 X h Purchase of assets from related organization(s) 1h X i Exchange of assets with related organization(s) ii X j Lease of facilities, equipment, or other assets to related organization(s) X
k Lease of facilities, equipment, or other assets from related organization(s) 1k X I Performance of services or membership or fundraising solicitations for related organization(s) 11 X m Performance of services or membership or fundraising solicitations by related organization(s) im X n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) 1n X o Sharing of paid employees with related organization(s) 1o X
p Reimbursement paid to related organization(s) for expenses q Reimbursement paid by related organization(s) for expenses
r Other transfer of cash or property to related organization(s) 1r X s Other transfer of cash or property from related organization(s) 1s ^X 2 If the answer to any of the above is "Yes." see the instructions for information on who must cmmnlete this line. inchudinn covered relatinnshins anri transaction thresholds (a) (b) (c) (d) Name of other organization Transaction Amount involved Method of determining amount involved type (a-s)
1 GRAMEEN FOUNDATION INDIA PVT LTD B 675 000. ASH EXPENSES AMOUNT
(2) GRAMEEN FOUNDATION INDIA PVT LTD P 7 976. ASH EXPENSES AMOUNT
(3) GRAMEEN FOUNDATION INDIA PVT LTD 5 541. ASH EXPENSES AMOUNT
(4)
(5)
(6) 232163 12-10-12 61 Schedule R (Form 990) 2012 Schedule R (Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 4
Part VI Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization See instructions regarding exclusion for certain investment partnerships
(a) (b) (c) (d) (e) (f) (g) (h) G) U) (k) Aresii Name, address, and EIN Primary activity Legal domicile Predominant income partners sec Share of Share of o^spropor- Code V-UBI Genera or Percenta g e sot(c) 3) donate amount in box 20 managing of (state or foreign (related, unrelated, total end-of-year ownership entityy excluded from tax ors allocations? of Schedule K-1 fier? country) under section 512-514) yes No income assets ves No (Form 1065) Yes No
Schedule R (Form 990) 2012
232164 12-10-12 62 -1 . -
Schedule R (Form 990) 2012 GRAMEEN FOUNDATION USA 73-1502797 Page 5 Part VII Supplemental Information Complete this part to provide additional information for responses to questions on Schedule R (see instructions)
PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST:
NAME OF RELATED ORGANIZATION:
GRAMEEN FOUNDATION INDIA PRIVATE LIMITED
DIRECT CONTROLLING ENTITY: GRAMEEN FOUNDATION USA
232165 12-10-12 Schedule R (Form 990) 2012 63 14191121 745960 16995 2012 .05000 GRAMEEN FOUNDATION USA 169951