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Nonprofiteer
← MYRIAD USA INC

Form 990 for tax year 2022

Filed by MYRIAD USA INC.

Totals

Total revenue
$107,367,636
Total expenses
$100,886,113
Contributions and grants received
$104,634,352
Grants paid
$98,140,076
Program service revenue
$2,266,919
Investment income
$466,365
Other revenue
$0
Total assets, end of year
$66,018,013
Total liabilities, end of year
$11,228,937
Net assets or fund balances, end of year
$54,789,076
Program services expenses (Part IX)
$98,812,948
Management and general expenses
$2,073,165
Fundraising expenses
$0
Program service expenses (Part III)
$98,812,948

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,896,769

  • 1f · All other contributions, gifts and grants

    $102,737,583

  • 1g · Noncash contributions included above

    $2,473,806

  • 2a · Program service revenue: ADMIN, MGT & INVESTMENT FEES

    total $2,266,919 · related or exempt $2,266,919

  • 3 · Investment income

    total $444,815 · excluded $444,815

  • 7a · Gross sales of assets other than inventory

    securities $10,428,467

  • 7b · Less cost or other basis and sales expenses

    securities $10,406,917

  • 7c · Gain or loss

    securities $21,550

  • 7d · Net gain or loss

    total $21,550 · excluded $21,550

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $536,590 · program services $536,590

  • 3 · Grants to foreign organizations and individuals

    total $97,603,486 · program services $97,603,486

  • 5 · Compensation of officers, directors and key employees

    total $379,478 · management and general $379,478

  • 7 · Other salaries and wages

    total $526,458 · management and general $526,458

  • 8 · Pension plan contributions

    total $17,832 · management and general $17,832

  • 9 · Other employee benefits

    total $131,523 · management and general $131,523

  • 10 · Payroll taxes

    total $54,997 · management and general $54,997

  • 11b · Fees: legal

    total $67,347 · management and general $67,347

  • 11c · Fees: accounting

    total $70,855 · management and general $70,855

  • 11f · Fees: investment management

    total $26,860 · management and general $26,860

  • 11g · Fees: other

    total $93,807 · management and general $93,807

  • 13 · Office expenses

    total $179,284 · management and general $179,284

  • 14 · Information technology

    total $101,223 · management and general $101,223

  • 16 · Occupancy

    total $121,631 · management and general $121,631

  • 17 · Travel

    total $135,009 · management and general $135,009

  • 22 · Depreciation, depletion and amortization

    total $5,381 · management and general $5,381

  • 23 · Insurance

    total $24,515 · management and general $24,515

  • 24a · Other expenses: EDUCATION/EXCHANGE PROJ

    total $672,872 · program services $672,872

  • 24b · Other expenses: EVENTS

    total $90,794 · management and general $90,794

  • 24c · Other expenses: DUES AND MEMBERSHIPS

    total $46,171 · management and general $46,171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,868,774 · end of year $2,750,936

  • 2 · Savings and temporary cash investments

    beginning of year $29,552,255 · end of year $22,572,019

  • 3 · Pledges and grants receivable

    beginning of year $12,185,111 · end of year $10,440,975

  • 9 · Prepaid expenses and deferred charges

    beginning of year $486,822 · end of year $888,366

  • 10a · Land, buildings and equipment: cost or other basis

    $107,616

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,381

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $102,235

  • 11 · Investments: publicly traded securities

    beginning of year $21,719,479 · end of year $20,038,595

  • 15 · Other assets

    beginning of year $5,501,446 · end of year $9,224,887

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,770 · end of year $123,381

  • 18 · Grants payable

    beginning of year $18,508,665 · end of year $8,239,434

  • 19 · Deferred revenue

    beginning of year $530,128 · end of year $411,635

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,454,487

  • 27 · Net assets without donor restrictions

    beginning of year $37,363,589 · end of year $38,833,068

  • 28 · Net assets with donor restrictions

    beginning of year $14,850,735 · end of year $15,956,008

Mission and programs · 2022

Mission

THE KING BAUDOUIN FOUNDATION UNITED STATES (KBFUS) FACILITATES THOUGHTFUL,EFFECTIVE GIVING ACROSS BORDERS.

Activities or mission (Part I)

THE KING BAUDOUIN FOUNDATION UNITED STATES (KBFUS) FACILITATES THOUGHTFUL, EFFECTIVE GIVING ACROSS BORDERS.

  • GRANTS TO SUPPORT VARIOUS CHARITABLE PROJECTS ACROSS THE GLOBE.

    Expenses $98,140,076 · Grants $98,140,076

  • OPERATIONAL EXPENSES FOR THE AFRICAN VISIONARY FUND: OPERATIONALEXPENSES FOR THE AFRICAN VISIONARY FUND INCLUDE COMMUNICATIONS ANDOUTREACH EFFORTS, LAUNCHING OF A NEW WEBSITE, AND COORDINATION OF THESELECTION OF GRANT RECIPIENTS. STRUCTURED AS A PURPOSE FUND HOSTED ATKBFUS, THE AFRICAN VISIONARY FUND'S MISSION IS TO DRIVE MORE FUNDING TOAFRICAN SOCIAL ENTREPRENEURS IN AN EFFORT TO ACCELERATE THEIR IMPACT.IT IS TACKLING INEQUITIES AND RIGHTING THE POWER IMBALANCES INPHILANTHROPY BY OFFERING UNRESTRICTED, UNBURDENSOME FUNDING TO AFRICANVISIONARIES.

    Expenses $624,901

  • KBFUS SPOTLIGHTS SOME OF ITS MOST CREATIVE NONPROFIT PARTNERS. WE INVITE THESE CHANGEMAKERS TO JOIN US FOR CONVENTIONS AND EVENTS HOSTED BY LIKE-MINDED ORGANIZATIONS.

    Expenses $26,971

  • CLOSE TO 1000 FOREIGN NONPROFIT EXECUTIVES PARTICIPATED IN FOUR INTERACTIVE WEBINARS ORGANIZED BY KBFUS IN 2022 ON THE TOPIC OF "SHARING BEST PRACTICES IN FUNDRAISING".

    Expenses $21,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Thomas Leysen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jendayi Frazer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Evaristus Mainsah

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Brieuc Van Damme

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Maryan Ainsworth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Suzy Antounian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ahmed Fahim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David O'Sullivan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jean-Arthur Regibeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Freda Zietlow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Caroline Kronley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Cecilia Tornaghi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jean Paul Warmoes

    EXECUTIVE DIRECTOR

    Total calculated
    $386,443
    From this org
    $359,443
    From related orgs
    $0
    Other
    $27,000
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $319,443
    Bonus
    $40,000
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $0
    Filer's total
    $386,443

  • Ellena Fotinatos

    DEPUTY DIRECTOR

    Total calculated
    $143,945
    From this org
    $132,513
    From related orgs
    $0
    Other
    $11,432
    Hours/week
    45

  • Kadiatou Sylla

    SENIOR ADVISOR

    Total calculated
    $107,759
    From this org
    $102,359
    From related orgs
    $0
    Other
    $5,400
    Hours/week
    45

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ALL EMPLOYEES OF KBFUS ARE ELIGIBLE FOR A BONUS, WHICH CAN RANGE BETWEEN 0% AND 15% OF AN EMPLOYEE'S GROSS ANNUAL SALARY. THE AMOUNT OF AN EMPLOYEE'S BONUS TAKES INTO ACCOUNT SUCH FACTORS AS THE PERFORMANCE OR MERIT OF THE EMPLOYEE (BASED ON HIS OR HER ANNUAL EVALUATION), THE FINANCIAL SITUATION OF KBFUS, ITS GROSS REVENUE DURING THE PRECEDING YEAR, AND THE INCREASE OF SUCH REVENUE OVER THE PAST FEW YEARS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2023
IRS schema version
2022v5.0
Source object
202301359349312710

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