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← MONA FOUNDATION

Form 990 for tax year 2023

Filed by MONA FOUNDATION.

Totals

Total revenue
$3,173,622
Total expenses
$2,577,655
Contributions and grants received
$3,095,927
Grants paid
$1,693,446
Program service revenue
$0
Investment income
$86,040
Other revenue
-$8,345
Total assets, end of year
$5,909,398
Total liabilities, end of year
$41,333
Net assets or fund balances, end of year
$5,868,065
Program services expenses (Part IX)
$2,015,917
Management and general expenses
$379,743
Fundraising expenses
$181,995
Program service expenses (Part III)
$2,015,917

Program services were 78.2% 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.

  • 1c · Fundraising events

    $254,089

  • 1f · All other contributions, gifts and grants

    $2,841,838

  • 1g · Noncash contributions included above

    $107,776

  • 3 · Investment income

    total $86,040 · excluded $86,040

  • 8a · Fundraising events: gross income

    $42,568

  • 8a · Fundraising events: contributions included on line 1c

    $254,089

  • 8b · Fundraising events: direct expenses

    $50,913

  • 8c · Net income from fundraising events

    total -$8,345 · excluded -$8,345

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $158,970 · program services $158,970

  • 3 · Grants to foreign organizations and individuals

    total $1,534,476 · program services $1,534,476

  • 5 · Compensation of officers, directors and key employees

    total $130,000 · program services $43,334 · management and general $43,333 · fundraising $43,333

  • 7 · Other salaries and wages

    total $282,948 · program services $91,117 · management and general $140,604 · fundraising $51,227

  • 10 · Payroll taxes

    total $33,062 · program services $11,132 · management and general $14,468 · fundraising $7,462

  • 11c · Fees: accounting

    total $44,127 · management and general $44,127

  • 11g · Fees: other

    total $72,490 · program services $34,790 · fundraising $37,700

  • 12 · Advertising and promotion

    total $40,026 · program services $25,000 · fundraising $15,026

  • 13 · Office expenses

    total $20,342 · program services $1,009 · management and general $6,267 · fundraising $13,066

  • 14 · Information technology

    total $11,334 · program services $1,439 · management and general $3,123 · fundraising $6,772

  • 16 · Occupancy

    total $30,038 · program services $9,722 · management and general $13,478 · fundraising $6,838

  • 17 · Travel

    total $16,764 · program services $3,977 · management and general $12,217 · fundraising $570

  • 22 · Depreciation, depletion and amortization

    total $636 · management and general $636

  • 23 · Insurance

    total $3,002 · management and general $3,002

  • 24a · Other expenses: FEES PERMITS ETC

    total $23,586 · program services $22,004 · management and general $1,582

  • 24b · Other expenses: IN-KIND EXPENSE

    total $101,777 · program services $4,871 · management and general $96,906

  • 24c · Other expenses: PROJECT COSTS

    total $73,903 · program services $73,903

  • 24e · All other expenses

    total $174 · program services $173 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,293,212 · end of year $708,055

  • 2 · Savings and temporary cash investments

    beginning of year $999 · end of year $1,000

  • 3 · Pledges and grants receivable

    beginning of year $992,746 · end of year $1,504,225

  • 4 · Accounts receivable

    beginning of year $3,635 · end of year $19,611

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

    $15,912

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

    $13,870

  • 10c · Land, buildings and equipment, net

    beginning of year $2,678 · end of year $2,042

  • 11 · Investments: publicly traded securities

    beginning of year $2,531,815 · end of year $3,672,992

  • 15 · Other assets

    beginning of year $1,473 · end of year $1,473

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,150 · end of year $5,845

  • 25 · Other liabilities

    beginning of year $84,961 · end of year $35,488

  • 27 · Net assets without donor restrictions

    beginning of year $2,031,024 · end of year $2,134,930

  • 28 · Net assets with donor restrictions

    beginning of year $2,709,423 · end of year $3,733,135

Mission and programs · 2023

Mission

Mona Foundation supports grassroots initiatives around the world that educate children, empower women and girls, and emphasize ethics and service to develop next generation change agents who uplift themselves, their families, and their communities.

  • FUNDAEC, Colombia - $337,140: Facilitated the purchase of an office building for FUNDAECs Research Center in Education for Development and supported three FUNDAEC programs: 1). Supporting Community Leaders program helped 107 youth from 34 communities to achieve excellence in a trade or profession, exercise leadership, and contribute to bettering their communities. 2) Transforming the Environment - training and mobilizing 1,023 youth, parents, and teachers from 42 communities in agroforestry to enable food security and preserve the environment. 3) Preparation for Social Action expansion to the indigenous Wayuu community equipping 100 young people with skills to become promoters of community wellbeing.

    Expenses $337,140 · Grants $337,140

  • Educational Initiatives, India - $194,031: 1) 76,270 students were provided access to Mindspark AI-driven adaptive learning software; 2) 296 teachers trained to use Mindspark in 1,423 schools across four states, 3) 20,000 parents trained or engaged in support of their childrens education.

    Expenses $194,031 · Grants $194,031

  • Digital Study Hall, India - $175,000, aka Study Hall Educational Foundation: 1) 313,973 students were educated and 1,570 teachers were trained, and 437,145 parents were engaged across all SHEF programs: 2) Aarohini Girls Education and Empowerment program educated 72,286 students in 858 schools 3) Provided 150 K-12 scholarships to Prerna Girls School AND 25 scholarships to Study Hall College 4) Funded 116 GyanSetu centers in urban slums and remote villages, reaching 3,199 students 5) Indias Daughters Campaign engaged 15,488 children 6) DSH ONLINE increased subscribers to 126,822 with over 22 million views and accessed by 237,000 unique users.

    Expenses $175,000 · Grants $175,000

  • DIRECT GIFT OF EDUCATIONAL NECESSITIES TO ENHANCE STUDENT ACADEMIC ACHIEVEMENT IN VARIOUS SCHOOLS AROUND THE WORLD.

    Expenses $1,309,746 · Grants $987,275

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MAHNAZ JAVID

    PRESIDENT

    Total calculated
    $130,000
    From this org
    $130,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MARK SISSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • NOOSHIN DARVISH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • KIM CLARK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • NEDA MOEINI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • PETER NEUMANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DIANE SAMANDI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • TAMMY RANDALL WOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • DUY-LOAN LE

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • SIMA MOBINI

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • DAVID WOOD

    TREASURER

    Total calculated
    $0
    Hours/week
    4

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
9 May 2024
IRS schema version
2023v5.0
Source object
202411329349300336

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

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