irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $434KAPEP CATALYZE AMERICAS PARTNERSHIP FOR ECONOMIC PROSPERITY (APEP) - APEP CATALYZE AMERICAS PARTNERSHIP FOR ECONOMIC PROSPERITY (APEP) ACCELERATOR ACTIVITY IS A TWO-YEAR INITIATIVE FOCUSED ON PROMOTING THE INCLUSIVE GROWTH OF SOCIAL AND IMPACT STARTUP ENTERPRISES WITHIN THE AMERICAS PARTNERSHIP COUNTRIES, WHICH INCLUDE BARBADOS, CHILE, COLOMBIA, COSTA RICA, DOMINICAN REPUBLIC, ECUADOR, MEXICO, PANAMA, PERU, AND URUGUAY. THE ACTIVITY AIMS TO FACILITATE SOCIOECONOMIC AND CLIMATE IMPACTS, IMPROVE EMPLOYMENT, AND INCREASE INCOMES IN THE TARGET REGION. IN 2024, 151 ENTERPRISES WERE ACCELERATED, WITH A 95% SATISFACTORY COMPLETION RATE, AND USD 709,000 IN PRIVATE CAPITAL WAS MOBILIZED FOR BUSINESS FINANCING.
- #2 $220KRED DE IMPACTO - TO SUPPORT ACTIVITIES RELATED TO ALIGNING THE LATIN AMERICAN ENTREPRENEURIAL ECOSYSTEM AROUND A COMMON AGENDA, SHARED MEASUREMENT SYSTEM, MUTUALLY REINFORCING ACTIVITIES, AND CONTINUOUS COMMUNICATION THAT SUPPORTS THE GROWTH OF OPPORTUNITY- AND PURPOSE-DRIVEN SMALL BUSINESSES. IN 2024, THE NODOS PROGRAM CONSOLIDATED THE TRAINING OF ENTREPRENEURSHIP SUPPORT ORGANIZATIONS WITH TWO EDITIONS ON FUNDRAISING AND IMPACT MEASUREMENT, REACHING 50 PARTICIPANTS FROM 17 COUNTRIES, 78% WOMEN, WITH MORE THAN 90% SATISFACTION; "DESTINO IMPACTO," SUPPORTED BY SAP, ACHIEVED 14 ESOS AND SGBS WITH FULL SCHOLARSHIPS (50% WOMEN), PARTICIPATING IN INTERNATIONAL FORUMS SUCH AS FLII, BID LAB FORUM, AND FLII CAC.
named programs · 6 · from sources
What they call their work
APEP Catalyze Americas Partnership for Economic Prosperity (APEP)
Two-year accelerator initiative promoting inclusive growth of social and impact startups in 10 Americas Partnership countries; accelerated 151 enterprises in 2024 and mobilized $709,000 in private capital.
Academy of Women Entrepreneurs (AWE)
Program providing online training, mentoring, and growth resources to 250 women entrepreneurs in Latin America, in partnership with the U.S. Department of State.
Forming Catalysts (Train-the-Trainer Program)
Program training over 100 entrepreneurship support organization professionals in Latin America on business development and leadership teachings.
Red de Impacto
Network initiative aligning Latin American entrepreneurial ecosystems around shared goals, including training in fundraising and impact measurement for entrepreneurship support organizations across 17 countries.
Train the Trainer (Argidius Foundation)
Capacity-building program training 830 SGBs in Latin America, primarily Central America and Colombia, while strengthening internal organizational management.
Variable Payment Obligation (VPO) Program
Financial access initiative partnering with banks to provide financing and enterprise growth services to underserved, women-owned small and growing businesses in Nicaragua, El Salvador, and Colombia.
activities · 4 groups
What they do
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Startup Acceleration & Business Growth Support 3 activities
- Providing programming and indirect support to small and growing businessesProvided direct programming to support 830 small and growing businesses (SGBs) in Latin America, with a focus on Central America and Colombia, and indirectly served 590 micro/early-stage enterprises in 2023.
- Supporting women entrepreneurs through the Academy of Women Entrepreneurs (AWE)Provided tools and resources to 250 women entrepreneurs to start or scale their businesses through the Academy of Women Entrepreneurs (AWE) program.
- Training entrepreneurship support professionals and funding training implementationTrained over 100 entrepreneurship support organization professionals and provided small grants to some to implement entrepreneurship training workshops in their countries.
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Professional Development for Fundraising and Philanthropy Practitioners 1 activity
- Delivering international training and scholarship programsIn 2024, delivered training on fundraising and impact measurement to 50 participants from 17 countries through the Nodos program and provided full scholarships enabling 14 entrepreneurship support organizations and small and growing businesses to attend international forums under the Destino Impacto initiative.
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Women's Microenterprise and Livelihood Development 1 activity
- Expanding access to finance and growth services for women-owned businessesIncreased access to finance and enterprise growth services for underserved, women-owned small and growing businesses in Nicaragua, El Salvador, and Colombia through the Variable Payment Obligation (VPO) program.
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Uncategorized 1 activity
- Accelerating social and impact startupsAccelerated 151 social and impact startup enterprises in Americas Partnership countries in 2024 and mobilized $709,000 in private capital for business financing.
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financials · form 990 · fy2024
revenue
Total revenue$3.04M
Contributions & grants$2.97M98%
Program service revenue$6K0%
Investment income$68K2%
Other revenue$0
expenses
Total expenses$3.10M
Program expenses97%
Admin / overhead3%
Fundraising0%
Salaries & benefits$1.74M
Grants paid out$4K
Largest expense lineCompensation
balance sheet
Total assets$2.17M
Cash$1.83M
Investments$0
Liabilities$856K
Net assets$1.32M
Liquid reserves7.1 mo
4 years on record · 2020–2024 · YoY revenue +68.5%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 1
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| CECILIA FOXWORTHY | CEO/SECRETARY | 40 | $139K |
board members · 10
- BEN POWELL — BOARD MEMBER
- BRIAN BELL — BOARD MEMBER
- CARMEN VELASCO — BOARD MEMBER
- CHRISTOPHER JURGENS — BOARD MEMBER
- JORDAN SANCHEZ — BOARD MEMBER (THRU NOVEMBER)
- MARIA ELENA NAWAR — BOARD MEMBER(THRU SEP)/CO-CHAIR
- MYRIAM MENDEZ — BOARD MEMBER
- PAULA ELINGER — BOARD MEMBER
- RICARDO TERAN — BOARD PRESIDENT
- TOM MITCHELL — BOARD MEMBER
relationships · 3
Who they work with
- Argidius Foundation Funder — Received grant funding from Argidius Foundation to support programming for small and growing businesses in Latin America.
- SAP Partner — Partnered with SAP on the Destino Impacto initiative to provide full scholarships for entrepreneurship support organizations and small and growing businesses to attend international forums.
- U.S. Department of State's Bureau of Education and Cultural Affairs (ECA) Partner — Collaborated with ECA on the Academy of Women Entrepreneurs (AWE) program to deliver online training and mentoring for women entrepreneurs in Latin America.
strategies · 2
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Ecosystem Strengthening for Inclusive Growthmethodology: ecosystem-strengtheningBy providing capacity building, aligning local ecosystems, and improving access to capital for small and growing businesses in Latin America, we drive inclusive economic growth because these enterprises are key catalysts for sustainable, locally rooted prosperity.
- Leveraged Networks for Scalemethodology: network-leverageBy partnering with regional entrepreneurial support organizations, we amplify impact beyond direct reach because coordinated networks can more effectively identify, support, and scale purpose-driven businesses than isolated interventions.