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← MOSAIC EDUCATION INITIATIVE

Form 990 for tax year 2023

Filed by MOSAIC EDUCATION INITIATIVE.

Totals

Total revenue
$412,478
Total expenses
$293,065
Contributions and grants received
$412,478
Grants paid
$269,265
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$158,144
Total liabilities, end of year
$2,502
Net assets or fund balances, end of year
$155,642
Program services expenses (Part IX)
$269,265
Management and general expenses
$23,800
Fundraising expenses
$0
Program service expenses (Part III)
$269,265

Program services were 91.9% 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.

  • 1f · All other contributions, gifts and grants

    $412,478

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $66,169 · program services $66,169

  • 2 · Grants to domestic individuals

    total $60,000 · program services $60,000

  • 3 · Grants to foreign organizations and individuals

    total $143,096 · program services $143,096

  • 11b · Fees: legal

    total $692 · management and general $692

  • 11c · Fees: accounting

    total $11,789 · management and general $11,789

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $6,299 · management and general $6,299

  • 14 · Information technology

    total $1,836 · management and general $1,836

  • 23 · Insurance

    total $3,184 · management and general $3,184

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36,534 · end of year $158,144

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $305 · end of year $2,502

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $36,229 · end of year $155,642

Mission and programs · 2023

Mission

To equip future leaders through mentorship, resources, and educational opportunities.

  • Mosaic Education Initiative provides mentorship and scholarship opportunities to equip youth and young adults from underserved communities, both domestically and internationally, to help them meet their educational goals and become the leaders of the future.

    Expenses $269,265 · Grants $269,265

As filed on the 2023 return.

Listed in Part VII

  • Kim McManus

    President/VP/Board Chair/CEO/Treasurer

    Total calculated
    $0
    Hours/week
    20

  • Angela Davis

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Mary Ross

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Sam Girguis

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Sandy Lee

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Sey Lee

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Tracey Russell

    Board Member

    Total calculated
    $0
    Hours/week
    0.1

  • Debbie Maddocks

    Secretary

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202433099349301638

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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