endPoverty.org: Formerly Enterprise Development International

The information on this page was last updated 6/15/2022. If you see errors or omissions, please email: [email protected]


Summary

736 million poor people around the world struggle to survive on $1.90 each day. endPoverty is on a mission to change that. Here's how:

We FIND enterprising poor individuals in the most unreached locations in the world with the potential and the desire to become self-supporting long-term. We FUND their enterprises to directly break the barriers that discourage them, while giving power back to these enterprising individuals. We FOLLOW these individuals and measure the long-term social, economic and spiritual impact to equip them with business skills, training, and a discipleship community. This enables each individual to FULFILL their potential to become role models for their community, while creating holistic, economic opportunities in their community.


Contact information

Mailing address:
endPoverty.org
1930 Isaac Newton Square
Suite 203
Reston, VA 20190

Website: endpoverty.org

Phone: (571) 278-6061

Email: [email protected]


Organization details

EIN: 541371549

CEO/President: Peter Fry

Chairman: Paul Vinogradov

Board size: 11

Founder: Rev Paris Reidhead

Ruling year: 1986

Tax deductible: Yes

Fiscal year end: 06/30

Member of ECFA: No

Member of ECFA since:


Purpose

endPoverty.org: Formerly Enterprise Development International, is a micro-enterprise relief organization, which enables the poor to free themselves from poverty through small loans, business training, and technical assistance. endPoverty.org provides services to those with the ability and the desire to start or expand small income-producing businesses.

The micro-enterprise strategy and approach aims to eliminate poverty by breaking the cycle of relief and dependence. Recipients of support gain hope and dignity by providing for their own families, supporting their communities, and giving back to the local church. In addition to providing overseas support, endPoverty.org, through the Washington DC Project, offers training and assistance to entrepreneurs in centers around the United States.

endPoverty.org is an intermediary service providing training and financing for partner agencies and income-generating enterprises. endPoverty.org creates, expands, and equips partner-implementing agencies to provide management services and credit for life-sustaining, income-generating enterprises. endPoverty.org's program functions include training, institution building, technology exchange, model project development, resource mobilization, program support services, monitoring, evaluation, extension, and replication of small enterprises and micro-enterprise programs. Program designs include lending combined with business management and technical skill training, in-kind loan models, savings clubs, group lending and cooperatives, and minimalist credit lending programs. endPoverty.org designs its micro-enterprise programs to sustain themselves through revenue generated from interest and/or service fees and training on how to raise additional capital.

More than 150 well-known individuals in business, government, law, and church leadership serve with endPoverty.org. Governed by an active Board of Directors, Enterprise draws on the expertise of members of its International Council and Advisory Board.


Mission statement

Our Mission: endPoverty is a global, faith-based organization empowering hard-working men and women with economic and spiritual resources that unleash their capacities and liberate them from the entanglements of poverty.


Statement of faith

Donor confidence score

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Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating355 of 103336 of 85
Fund acquisition rating506 of 103544 of 85
Resource allocation rating698 of 103558 of 85
Asset utilization rating94 of 103311 of 85

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%6%5%8%8%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%6%5%8%8%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%100%100%100%100%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%6%5%8%8%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%0%0%0%0%1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%81%77%70%57%72%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%95%100%98%92%118%
Program output ratio Program output ratio =
Program services /
Total revenue
78%77%77%68%53%85%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%5%0%2%8%-18%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%26%0%12%35%-108%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%13%18%22%34%23%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.494.504.244.523.796.83
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.221.001.001.001.001.00
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.134.504.244.523.796.83
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.5941.1713.7410.809.4821.09
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.020.070.090.110.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.592.602.632.412.831.67
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%13%7%9%11%5%
Debt ratio Debt ratio =
Debt /
Total assets
0%11%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
54%19%22%20%24%14%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$190,347$132,186$94,103$121,678$74,460
Receivables, inventories, prepaids$0$0$40,000$0$0
Short-term investments$0$0$0$0$0
Other current assets$44$44$1,444$0$0
Total current assets$190,391$132,230$135,547$121,678$74,460
Long-term investments$0$0$0$0$0
Fixed assets$0$0$0$0$0
Other long-term assets$0$0$0$0$0
Total long-term assets$0$0$0$0$0
Total assets$190,391$132,230$135,547$121,678$74,460
 
Liabilities20192018201720162015
Payables and accrued expenses$4,624$9,621$12,548$12,840$3,531
Other current liabilities$0$0$0$0$0
Total current liabilities$4,624$9,621$12,548$12,840$3,531
Debt$20,833$0$0$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$20,833$0$0$0$0
Total liabilities$25,457$9,621$12,548$12,840$3,531
 
Net assets20192018201720162015
Without donor restrictions$67,914$89,119$82,953$68,063$39,556
With donor restrictions$97,020$33,490$40,046$40,775$31,373
Net assets$164,934$122,609$122,999$108,838$70,929
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$899,132$559,830$627,154$498,739$428,545
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$524$0$185$0$3,441
Total other revenue$524$0$185$0$3,441
Total revenue$899,656$559,830$627,339$498,739$431,986
 
Expenses20192018201720162015
Program services$694,620$429,501$427,485$264,590$366,287
Management and general$107,455$100,139$136,755$158,689$117,648
Fundraising$55,256$30,580$48,938$37,551$24,527
Total expenses$857,331$560,220$613,178$460,830$508,462
 
Change in net assets20192018201720162015
Surplus (deficit)$42,325($390)$14,161$37,909($76,476)
Other changes in net assets$0$0$0$0$0
Total change in net assets$42,325($390)$14,161$37,909($76,476)

Compensation

NameTitleCompensation
Peter FryExecutive Director$94,110

Compensation data as of: 6/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/15/2022. To update the information below, please email: [email protected]


History

Our founder, Rev Paris Reidhead, believed that by the 1960's there were substantial developments to make the overseas mission church self-governing and self-propagating, but the efforts to help the local church become self-supporting were lacking. endPoverty was born from a vision to support the local church to become self-sustaining. It was clear that poverty and unemployment were and still are major limiting factors to transferring the capacity for the indigenous church to financially sustain itself and its vision of outreach. Thus, the journey to help believers establish or expand income producing enterprises began.

Since 1985 endPoverty has worked in 37 countries investing $25m in the lives of the hardworking poor, empowering them to bring spiritual and economic transformation to their families and communities.

Micro businesses are a vehicle to fulfill our vision of seeing spiritually and economically transformed communities. The ministry of job creation benefits families and churches in developing countries, enabling them through work to support themselves, their pastors and outreach.


Program accomplishments

Since 1985, endPoverty has helped build over 200,000 small businesses in 37 countries around the world. We continue to work towards a day when individuals, families and communities trapped in poverty become economically and spiritually empowered.


Needs