Boulder Institute Of Microfinance

Syracuse, NY
Tax-exempt since April 2005
EIN: 20-1175839

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Higher Education Institutions (NTEE)

Donations to this organization are tax deductible.

Revenue

$103k (2023)

Expenses

$353k (2023)

Total Assets

$780k (2023)

Total Liabilities

$76.6k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$103,296

Expenses

$352,507

Net Income

-$249,211

Net Assets

$703,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$102,000	98.7%
Investment Income	$1,296	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$128,599	36.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$40,000	11.3%

Assets/Debt
Total Assets	$779,684
Total Liabilities	$76,573
Net Assets	$703,111

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Peck Christen (President)	$90,000	$0	$9,506
Consuelo Munoz Araya (Member)	$25,000	$0	$4,093
Zach Fuller (Treasurer)	$12,000	$0	$0
Djibril Mbengue (Member)	$0	$0	$0
Lucy Lawrence (Member)	$0	$0	$0
Richard Rosenberg (Member)	$0	$0	$0
Sousan Urroz Koroi (Secretary)	$0	$0	$0

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990

Filed on Nov. 15, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2022

Revenue

$454,055

Expenses

$843,223

Net Income

-$389,168

Net Assets

$952,322

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$64,714	14.3%
Program Services	$385,837	85.0%
Investment Income	$3,504	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$230,000	27.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$54,517	6.5%

Assets/Debt
Total Assets	$1,023,602
Total Liabilities	$71,280
Net Assets	$952,322

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Peck Christen (President)	$180,000	$0	$15,143
Consuelo Munoz Araya (Member)	$50,000	$0	$9,068
Zach Fuller (Treasurer)	$12,000	$0	$0
Djibril Mbengue (Member)	$0	$0	$0
Lucy Lawrence (Member)	$0	$0	$0
Richard Rosenberg (Member)	$0	$0	$0
Sousan Urroz Koroi (Secretary)	$0	$0	$0

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990

Filed on Aug. 14, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$368,167

Expenses

$691,186

Net Income

-$323,019

Net Assets

$1,341,490

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$195,286	53.0%
Program Services	$147,900	40.2%
Investment Income	$24,981	6.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$212,275	30.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$61,329	8.9%

Assets/Debt
Total Assets	$1,492,552
Total Liabilities	$151,062
Net Assets	$1,341,490

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Peck Christen (President)	$155,000	$0	$8,238
Consuelo Munoz Araya (Member)	$50,000	$0	$7,233
Sousan Urroz Koroi (Secretary)	$7,275	$0	$0
Zach Fuller (Treasurer)	$6,000	$0	$0
Djibril Mbengue (Member)	$0	$0	$0
Gerhard Coetzee (Member)	$0	$0	$0
Richard Rosenberg (Member)	$0	$0	$0

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990

Filed on July 25, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$35,797

Expenses

$750,633

Net Income

-$714,836

Net Assets

$1,664,509

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$35,797	100%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$151,317	20.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$157,274	21.0%

Assets/Debt
Total Assets	$1,746,777
Total Liabilities	$82,268
Net Assets	$1,664,509

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Peck Christen (President)	$72,692	$0	$9,000
Consuelo Munoz Araya (Vice President)	$62,500	$0	$6,275
Sousan Urroz Korori (Vice President)	$16,125	$0	$0
Djibril Mbengue (Director)	$0	$0	$0
Gerhard Coetzee (Director)	$0	$0	$0

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990

Filed on Oct. 6, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$2,185,280

Expenses

$2,134,955

Net Income

$50,325

Net Assets

$2,380,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$724,974	33.2%
Program Services	$1,432,673	65.6%
Investment Income	$27,633	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$147,520	6.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$413,203	19.4%

Assets/Debt
Total Assets	$2,490,824
Total Liabilities	$110,214
Net Assets	$2,380,610

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Consuelo Munoz Araya (Vice President)	$107,715	$0	$4,855
Sousan Urroz Korori (Vice President)	$34,950	$0	$0
Robert Peck Christen (President)	$0	$0	$0
Djibril Mbengue (Director)	$0	$0	$0
Gerhard Coetzee (Director)	$0	$0	$0

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990

Filed on Oct. 1, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$2,818,096

Expenses

$2,887,575

Net Income

-$69,479

Net Assets

$2,341,339

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$779,140	27.6%
Program Services	$1,998,724	70.9%
Investment Income	$40,232	1.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$129,675	4.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$586,409	20.3%

Assets/Debt
Total Assets	$3,181,259
Total Liabilities	$839,920
Net Assets	$2,341,339

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Natasa Goronja (Vp Programs)	$170,000	$0	$6,190
Consuelo Munoz Araya (Vice President)	$100,000	$0	$2,075
Sousan Urroz Korori (Treasurer)	$27,600	$0	$0
Robert Peck Christen (President)	$0	$0	$0
Djibril Mbengue (Director)	$0	$0	$0
Gerhard Coetzee (Director)	$0	$0	$0

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990

Filed on Nov. 1, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$3,421,881

Expenses

$3,370,285

Net Income

$51,596

Net Assets

$2,425,846

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$815,219	23.8%
Program Services	$2,599,390	76.0%
Investment Income	$7,272	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$147,400	4.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$603,078	17.9%

Assets/Debt
Total Assets	$3,990,289
Total Liabilities	$1,564,443
Net Assets	$2,425,846

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Natasa Goronja (Vp Programs)	$170,000	$0	$4,807
Consuelo Munoz Araya (Vice President)	$100,000	$0	$0
Robert Peck Christen (President)	$42,000	$0	$0
Sousan Urroz Korori (Treasurer)	$5,400	$0	$0
Djibril Mbengue (Director)	$0	$0	$0
Gerhard Coetzee (Director)	$0	$0	$0

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990

Filed on Nov. 12, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$3,175,107

Expenses

$3,088,528

Net Income

$86,579

Net Assets

$2,370,754

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$970,597	30.6%
Program Services	$2,184,670	68.8%
Investment Income	$19,840	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$258,067	8.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$651,511	21.1%

Assets/Debt
Total Assets	$3,002,401
Total Liabilities	$631,647
Net Assets	$2,370,754

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Peck Christen (President)	$159,000	$0	$0
Natasa Goronja (Vp Programs)	$141,667	$0	$3,926
Consuelo Munoz Araya (Vice President)	$91,667	$0	$0
Sousan Urroz Korori (Treasurer)	$5,400	$0	$0
Richard Rosenberg (Director)	$2,000	$0	$0
Marguerite Robinson (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$3,719,266

Expenses

$3,542,254

Net Income

$177,012

Net Assets

$2,282,649

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$2,037,513	54.8%
Program Services	$1,672,136	45.0%
Investment Income	$9,617	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$309,648	8.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$657,967	18.6%

Assets/Debt
Total Assets	$4,297,860
Total Liabilities	$2,015,211
Net Assets	$2,282,649

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Peck Christen (President)	$156,248	$0	$0
Consuelo Munoz Araya (Vice President)	$145,000	$0	$0
Natasa Goronja (Employee)	$120,833	$0	$5,374
Sousan Urroz Korori (Vice President)	$5,400	$0	$0
Richard Rosenberg (Director)	$3,000	$0	$0
Marguerite Robinson (Director)	$0	$0	$0

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990

Filed on Nov. 9, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$4,267,169

Expenses

$3,917,291

Net Income

$349,878

Net Assets

$2,128,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,022,780	70.8%
Program Services	$1,240,275	29.1%
Investment Income	$4,114	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$356,298	9.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$727,414	18.6%

Assets/Debt
Total Assets	$4,017,626
Total Liabilities	$1,889,232
Net Assets	$2,128,394

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Christen (President)	$156,249	$0	$0
Consuelo Munoz Araya (Director)	$126,250	$0	$0
Sousan Urroz Korori (Treasurer/Vp Finance)	$64,800	$0	$0
Richard Rosenberg (Director)	$9,000	$0	$0
Marguerite Robinson (Director)	$0	$0	$0

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990

Filed on June 9, 2015

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Fiscal Year Ending Dec.
2013

Revenue

$3,021,191

Expenses

$2,776,567

Net Income

$244,624

Net Assets

$1,794,645

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,721,284	57.0%
Program Services	$1,293,360	42.8%
Investment Income	$6,547	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$274,442	9.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$428,254	15.4%

Assets/Debt
Total Assets	$4,024,824
Total Liabilities	$2,230,179
Net Assets	$1,794,645

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Robert Christen (President)	$151,042	$0	$0
Consuelo Munoz Araya (Director)	$100,000	$0	$0
Sousan Urroz Korori (Treasurer/Vp Finance)	$46,200	$0	$0
Richard Rosenberg (Director)	$12,600	$0	$0
Marguerite Robinson (Director)	$3,600	$0	$0

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990

Filed on May 15, 2014

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Fiscal Year Ending Dec.
2012

Revenue

$1,454,378

Expenses

$1,619,829

Net Income

-$165,451

Net Assets

$1,556,261

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$219,858	15.1%
Program Services	$1,219,801	83.9%
Investment Income	$14,719	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$508,342	31.4%

Assets/Debt
Total Assets	$4,041,779
Total Liabilities	$2,485,518
Net Assets	$1,556,261

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,276,430

Expenses

$1,381,086

Net Income

-$104,656

Net Assets

$1,721,712

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$140,222	11.0%
Program Services	$1,129,326	88.5%
Investment Income	$6,882	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$194,650	14.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$286,710	20.8%

Assets/Debt
Total Assets	$1,944,447
Total Liabilities	$222,735
Net Assets	$1,721,712

990

Primary tax return for a nonprofit’s activities, finances, and governance

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Updated December 20, 2024

Boulder Institute Of Microfinance

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $103k (2023)

Expenses $353k (2023)

Total Assets $780k (2023)

Total Liabilities $76.6k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Revenue

$103k (2023)

Expenses

$353k (2023)

Total Assets

$780k (2023)

Total Liabilities

$76.6k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006