Totals
- Total revenue
- $424,109,307
- Total expenses
- $1,377,301,146
- Contributions and grants received
- $0
- Grants paid
- $1,222,658,542
- Program service revenue
- $0
- Investment income
- $423,841,381
- Other revenue
- $267,926
- Total assets, end of year
- $29,242,305,789
- Total liabilities, end of year
- $7,993,373
- Net assets or fund balances, end of year
- $29,234,312,416
- Program services expenses (Part IX)
- $1,325,556,227
- Management and general expenses
- $51,744,918
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,325,556,227
Program services were 96.2% 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.
-
3 · Investment income
total $210,729,356 · excluded $210,729,356
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $267,926
-
6c · Rental income or loss
real property $267,926 · personal property $0
-
6d · Net rental income or loss
total $267,926 · excluded $267,926
-
7a · Gross sales of assets other than inventory
securities $1,244,657,622
-
7b · Less cost or other basis and sales expenses
securities $1,031,545,597
-
7c · Gain or loss
securities $213,112,025
-
7d · Net gain or loss
total $213,112,025 · excluded $213,112,025
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $169,595,385 · program services $169,595,385
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $1,053,063,157 · program services $1,053,063,157
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $3,088,986 · program services $1,918,499 · management and general $1,170,487
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $38,746,991 · program services $28,062,424 · management and general $10,684,567
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $11,505,970 · program services $6,739,437 · management and general $4,766,533
-
10 · Payroll taxes
total $70,159 · program services $70,159
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,523,286 · program services $236,790 · management and general $1,286,496
-
11c · Fees: accounting
total $276,665 · management and general $276,665
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $69,279,666 · program services $53,472,355 · management and general $15,807,311
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $6,890,700 · management and general $6,890,700
-
14 · Information technology
total $1,088,362 · management and general $1,088,362
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,292,774 · program services $2,160,686 · management and general $1,132,088
-
17 · Travel
total $7,997,451 · program services $2,278,738 · management and general $5,718,713
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $3,819,295 · program services $3,793,102 · management and general $26,193
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,643,865 · management and general $1,643,865
-
23 · Insurance
total $359,573 · management and general $359,573
-
24a · Other expenses: HUMAN RESOURCE COSTS
total $3,229,142 · program services $2,335,778 · management and general $893,365
-
24b · Other expenses: PROGRAM IMPLEMENTATION AND SUP
total $1,829,718 · program services $1,829,718
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $0
-
2 · Savings and temporary cash investments
beginning of year $111,222,781 · end of year $181,170,930
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $1,485,086 · end of year $1,500,785
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $4,069,710 · end of year $11,278,343
-
10a · Land, buildings and equipment: cost or other basis
$7,179,682
-
10b · Land, buildings and equipment: accumulated depreciation
$3,945,785
-
10c · Land, buildings and equipment, net
beginning of year $3,461,412 · end of year $3,233,897
-
11 · Investments: publicly traded securities
beginning of year $30,677,002,171 · end of year $29,043,419,408
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $1,706,312 · end of year $1,702,426
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $9,346,052 · end of year $7,993,373
-
18 · Grants payable
beginning of year $60,000 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $112,539,249 · end of year $190,893,008
-
28 · Net assets with donor restrictions
beginning of year $30,677,002,171 · end of year $29,043,419,408
Mission and programs · 2022
Mission
THE FOUNDATION'S MISSION IS TO ADVANCE YOUTH EDUCATION AND PROMOTE FINANCIAL INCLUSION FOR FINANCIALLY DISADVANTAGED PERSONS AND COMMUNITIES.
-
Mastercard Foundation's partnership with Ashesi University Foundation Canada and Ashesi University in Ghana is an education initiative that will enable Ashesi to expand its education collaborative to include at least 140 universities. The collaborative drives systems change and influences education policies in Africa and beyond. The initiative will also provide scholarships to approximately 1,000 Scholars over ten years and enable 400 young people to scale their ventures through Ashesi's Venture Incubator program.
Expenses $183,000,000 · Grants $183,000,000
-
Mastercard Foundation's partnership with African Leadership Group will enable 2 million young men and women in Africa to secure dignified and fulfilling work. It will also enable the development of a sustainable youth-led entrepreneurship and employment model across Africa, a model for sustainable education financing, and a blueprint for an accelerated work creation program.
Expenses $103,000,000 · Grants $103,000,000
-
Mastercard Foundation's partnership with UNICEF will play a pivotal role in the success of the Saving Lives and Livelihoods initiative, leading the procurement of vaccine doses and their upstream delivery from manufacturer to port of entry. By providing vaccines to over 50 million people in Africa, the program will ensure a safe enabling environment for African youth to pursue their education and entrepreneurial goals.
Expenses $98,413,360 · Grants $98,413,360
-
OTHER FINANCIAL INCLUSION PROGRAMS
Expenses $273,109,305 · Grants $273,109,305
-
OTHER YOUTH LEARNING PROGRAMS
Expenses $565,135,877 · Grants $565,135,877
-
Other Program services Expenses incl. direct imple
Expenses $102,897,685
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
REETA ROY
PRESIDENT/CEO
- Total calculated
- $1,125,955
- From this org
- $1,112,764
- From related orgs
- $0
- Other
- $13,191
- Hours/week
- 0 + 60 related
Schedule J breakdown matched by us
- Base
- $1,097,521
- Bonus
- not reported
- Other
- $15,243
- Deferred
- not reported
- Nontaxable benefits
- $13,191
- Filer's total
- $1,125,955
-
Peter Materu
Chief Program Officer
- Total calculated
- $608,244
- From this org
- $604,499
- From related orgs
- $0
- Other
- $3,745
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $552,758
- Bonus
- not reported
- Other
- $51,741
- Deferred
- not reported
- Nontaxable benefits
- $3,745
- Filer's total
- $608,244
-
Nathalie Gabala
Executive Director, Pan Africa
- Total calculated
- $605,485
- From this org
- $587,905
- From related orgs
- $0
- Other
- $17,580
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $319,000
- Bonus
- not reported
- Other
- $268,905
- Deferred
- not reported
- Nontaxable benefits
- $17,580
- Filer's total
- $605,485
-
Daniel Hailu
Executive Director, Country Pr
- Total calculated
- $555,792
- From this org
- $537,268
- From related orgs
- $0
- Other
- $18,524
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $319,000
- Bonus
- not reported
- Other
- $218,268
- Deferred
- not reported
- Nontaxable benefits
- $18,524
- Filer's total
- $555,792
-
Serge Auguste Kouakou
Country Director, Senegal
- Total calculated
- $454,854
- From this org
- $450,672
- From related orgs
- $0
- Other
- $4,182
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $192,816
- Bonus
- not reported
- Other
- $257,856
- Deferred
- not reported
- Nontaxable benefits
- $4,182
- Filer's total
- $454,854
-
Julie Gichuru
Chief Public Affairs and Commu
- Total calculated
- $424,939
- From this org
- $417,283
- From related orgs
- $0
- Other
- $7,656
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $416,000
- Bonus
- not reported
- Other
- $1,283
- Deferred
- not reported
- Nontaxable benefits
- $7,656
- Filer's total
- $424,939
-
Hassan El Bouhali
Senior Director, Technology
- Total calculated
- $403,989
- From this org
- $395,818
- From related orgs
- $0
- Other
- $8,171
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $321,537
- Bonus
- not reported
- Other
- $74,281
- Deferred
- not reported
- Nontaxable benefits
- $8,171
- Filer's total
- $403,989
-
Samuel Adela
Country Director, Ethiopia
- Total calculated
- $390,671
- From this org
- $385,886
- From related orgs
- $0
- Other
- $4,785
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $192,054
- Bonus
- not reported
- Other
- $193,832
- Deferred
- not reported
- Nontaxable benefits
- $4,785
- Filer's total
- $390,671
-
Tina Muparadzi
Chief People & Culture Officer
- Total calculated
- $380,054
- From this org
- $375,781
- From related orgs
- $0
- Other
- $4,273
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $360,000
- Bonus
- not reported
- Other
- $15,781
- Deferred
- not reported
- Nontaxable benefits
- $4,273
- Filer's total
- $380,054
-
Rosemary Nduhiu
Acting Chief Operations Office
- Total calculated
- $350,526
- From this org
- $347,448
- From related orgs
- $0
- Other
- $3,078
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $316,211
- Bonus
- not reported
- Other
- $31,237
- Deferred
- not reported
- Nontaxable benefits
- $3,078
- Filer's total
- $350,526
-
David Marlow
Chief Operations Officer (Form
- Total calculated
- $266,752
- From this org
- $266,752
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0 + 55 related
Schedule J breakdown matched by us
- Base
- $246,317
- Bonus
- not reported
- Other
- $20,435
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $266,752
-
Craig Calhoun
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Douglas Baillie
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Ellen Johnson Sirleaf
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
James Ireland
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Jendayi Frazer
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Jennifer Fonstad
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Louise Arbour
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Michael Sabia
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Robin Washington
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Valeria Amos
Director
- Total calculated
- $0
- Hours/week
- 0 + 3 related
-
Zein M Abdalla
Board Chair
- Total calculated
- $0
- Hours/week
- 0 + 6 related
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
- 1a · First-class or charter travel
- 1a · Travel for companions
- 1a · Tax indemnification and gross-up payments
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PART I, LINE 1a - SUPPLEMENTAL INFORMATION
- First-class or charter travel: Name Type of benefit Taxable compensation All persons listed First-class or charter travel No Travel for companions: Name Type of benefit Taxable compensation Samuel Adela Airfare for companions Yes Tax indemnification and gross-up payments: Name Type of benefit Taxable compensation David Marlow Medical / Retirement Yes Reeta Roy Relocation Allowances, Tax Preparation Support Yes Peter Materu Relocation Allowances, Tax Preparation Support Yes Samuel Adela Housing Allowance, Dependent Tuitions, Home Leave Allowance, Tax Preparation Support, Foreign Tax Paid Yes Daniel Hailu Housing allowance, tax return preparation fees Yes Nathalie Gabala Housing allowance, children's school fees, tax return preparation fees, office equipment & Wi-Fi Yes Housing allowance or residence for personal use: Name Type of benefit Taxable compensation Daniel Hailu Housing allowance Yes Nathalie Gabala Housing allowance Yes Samuel Adela Housing allowance Yes Serge Auguste Housing allowance Yes
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
-
UNICEF The United Nations Children's Fund
$98,413,360
Youth Learning
-
Grassroots Business Partners Inc
$17,410,167
Financial Inclusion
-
$12,705,025
YOUTH LEARNING
-
SHINING HOPE FOR COMMUNITIES INC
$10,306,532
Financial Inclusion
-
Arizona State University
$6,750,382
Youth Learning
-
$3,590,256
Youth Learning
-
CapitalPlus Exchange Corporation
$3,374,774
FINANCIAL INCLUSION
-
$3,066,120
YOUTH LEARNING
-
FINANCIAL INCLUSION
-
$1,748,187
Youth learning
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202311239349302581
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.