2024-05-15T22:10:16-07:00 2023-12-31 990 2023-01-01 833945930 AMERICAN FRIENDS OF BEAN VOYAGE AMER 8574984375 1209 Orange Street Wilmington DE 19801 Sunghee Tark Co-founder 8574984375 2024-05-12 Sunghee Tark 999009999 1 1 11 1 AAL2 X X 2023 2023-04-26 12:10:37Z Bean Voyage Sunghee Tark 1 -26-12 Toyo DeLCCS Toyo Building 4F Koto Tokyo JA 135-0016 310755 0 X www.beanvoyage.org X 2019 DE American Friends of Bean Voyage provides training and market access support to smallholder women coffee producers in Latin America, supporting them to gain tools, knowledge and network to lead thriving coffee businesses and their communities towards a sustainable future. 6 4 0 79 0 0 205382 302858 5809 7898 0 0 0 -1 211191 310755 126957 186539 0 0 31965 64290 0 0 8193 6592 17781 165514 268610 45677 42145 94370 136592 0 0 94370 136592 X American Friends of Bean Voyage provides training and market access support to smallholder women coffee producers in Latin America, supporting them to gain tools, knowledge and network to lead thriving coffee businesses and their communities towards a sustainable future. 1 0 107920 107920 0 Resilient Communities Initiative: A 12-month rural incubator program that equips smallholder women coffee farmers with training, peer support, and seed capital to establish resilient farm businesses and break out of the vicious cycle of food insecurity and poverty. Assisted over 150 smallholder women coffee farmers, and 1,800 farming family members. In 2023, Provided over $38,000 in seed capital to 75 income-generating projects. 89% of program graduates reported increased self-confidence. 93% of participants feel comfortable and welcome in spaces where they can expand their knowledge. Achieved a notable Social Return On Investment of $4.4 for every $1 invested in income diversification projects. 65296 65296 7458 Market Readiness Initiative: Equipping smallholder women coffee farmers with opportunities to establish direct trade relationships with specialty coffee buyers, earn higher farm-gate revenue and build thriving businesses. Bean Voyage has been running the Market Readiness Initiative since 2019. In 2023, The initiative has resulted in the following impact: Exported a total of 32+ tonnes of women-powered coffee globally. Assisted over 103 smallholder women coffee farmers in being market-ready and selling their coffee to buyers globally. Generated over $266,342 in farmgate income. Ensured a 212% increase in prices compared to the commodity markets. Expanded program from Costa Rica to Mexico. 59323 59323 0 Women Powered Coffee Summit: A dynamic and inclusive 3-day gathering dedicated to fostering equity in the coffee industry, bringing together smallholder women coffee producers and other women coffee professionals in a safe and inclusive space. Total participants: 183 Meaningful connections made: 1,130+ Social media impressions: 154k+ Participant satisfaction: 96% 7108 7108 439 Care University, Amigos Program 7108 7108 439 239647 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 6 4 1 0 0 0 0 0 0 1 1 1 0 1 0 0 0 1 1 0 DE X Sunghee Tark 8574984375 1 -26-12 Toyo DeLCCS Toyo Building 4F 135-0016 Koto Tokyo JA 135-0016 X Sunghee Tark Board of Directors 40 0 X X 0 0 29500 Abhinav Khanal Board of Directors 40 0 X X 0 0 26250 Mohit Mukherjee Chair, Board of Directors 0.75 X 0 0 0 Andrea Zinn Treasurer, Board of Directors 0.75 X 0 0 0 Debra Shapira Giving Committee Chair, Board of Directors 0.75 X 0 0 0 Maika Isogawa Secretary, Board of Directors 0.75 0 X 0 0 0 0 0 55750 0 0 0 0 0 0 0 0 0 0 302858 0 302858 Green Coffee Sales 311920 4163 4163 0 0 Sales from roasted coffee 311920 1359 1359 0 0 Care University Visit Program 561520 439 439 0 0 1937 1937 0 0 7898 0 0 0 0 0 -1 -1 0 0 -1 310755 7897 0 0 0 0 0 0 186539 186539 0 0 55750 44568 11182 0 0 0 0 0 0 8540 8540 0 0 0 0 6974 0 6974 41 0 41 0 0 0 0 0 0 0 2413 2413 50 50 110 110 8193 8193 268610 239647 20770 8193 0 0 94370 136592 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 94370 136592 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 94370 136592 94370 136592 94370 136592 X 42145 0 0 0 0 77 X 0 0 0 X 22864 31508 150958 205382 302888 713600 6118 6970 196 5809 7897 26990 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28982 38478 151154 211191 310785 740590 97 178 298 444 4391 5408 20000 17500 86000 137345 215024 475869 20097 17678 86298 137789 219415 481277 259313 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28982 38478 151154 211191 310785 740590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 Central America and the Caribbean 0 2 Grantmaking Grants were made to 'Asociacion Bean Voyage' in Costa Rica, a Costa Rican not-for-profit association which carries out the mission of American Bean Voyage by delivering education, services, and market access to smallholder women farmers in Costa Rica. 142324 North America (including Canada and Mexico, but not the United States) 0 1 Program Services Payments were incurred in Mexico to operate our Market Readiness Initiative. 44215 0 3 186539 Central America and the Caribbean Grants were made to 'Asociacion Bean Voyage' in Costa Rica, a Costa Rican not-for-profit association which carries out the mission of American Bean Voyage by delivering education, services, and market access to smallholder women farmers in Costa Rica. 142324 Transfer 1 0 0 0 0 0 0 0 Schedule F, Part I, Line 2 - Grants were made to a not-for-profit association registered in Costa Rica which carries out the mission of American Friends of Bean Voyage. The Costa Rican association provides detailed accounting to American Friends of Bean Voyage and an annual request for funding. The reporting is provided to the Board of Directors and approved by the Board of Directors. Form 990, Part III, Line 2 Women-Powered Coffee Summit: A dynamic and inclusive 3-day gathering dedicated to fostering equity in the coffee industry, bringing together smallholder women coffee producers and other women coffee professionals in a safe and inclusive space Form 990, Part VI, Section A, Line 2 Mohit Mukherjee (Board Chair) is the Founding Director of the UPeace Center for Executive Education. Abhinav Khanal (Executive Director) is contracted to facilitate two courses by the UPeace Center for Executive Education. Form 990, Part VI, Section A, Line 9 Please forward all mail for the key officers and board members to: Bean Voyage, 2874 Reserve View Boulevard, Building 2, Suite 204, Lakeland, Florida 33810-5232 Form 990, Part VI, Section B, Line 11b The Treasurer, Chief Executive Officer, and Executive Director have jointly prepared the tax forms. All three of these officers are members of the board of directors. A copy of the PDF will be shared to the remaining board members prior to filing. Form 990, Part VI, Section B, Line 15 The payments to the CEO and Executive Director, who are hired as independent foreign contractors, are determined based on a proposal to the board and a vote by the board of directors to approve the annual payments to these two executive officers. The proposal is submitted annually during the budget approval process. Form 990, Part VI, Section C, Line 19 Governing documents are available upon request. Form 990, Part VII, Section A, Line 1a Sunghee Tark (South Korea) and Abhinav Khanal (Nepal) are not compensated for their roles as board members. However, they are hired independent contractors to fulfill their roles as CEO and Executive Director, respectively. Form 990, Part XI, Line 9 Interest Earned 63.83; Tips Income 13.91; -1 rounding error