The Maranyundo Initiative Inc
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Cambridge, MA
- Founding
- 07/2008
- Data as of
- 12/2022
- EIN
- 26-1905452
Organization Overview
The Maranyundo Initiative Inc is located in Cambridge, MA. The organization was established in 2008. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 12/2022, Maranyundo Initiative Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maranyundo Initiative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Maranyundo Initiative Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $926.6k during the year ending 12/2022. While expenses have increased by 2.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION SUPPORTS THE MARANYUNDO GIRLS SCHOOL IN ITS MISSION TO OFFER ACADEMIC EXCELLENCE TO STUDENTS OF ALL BACKGROUNDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARANYUNDO INITIATIVE IS PROUD TO SUPPORT ACCESS TO ACADEMIC EXCELLENCE FOR GIRLS IN RWANDA. THE MARANYUNDO INITIATIVE BUILT THE MARANYUNDO GIRLS SCHOOL, ONE OF RWANDA'S TOP SCHOOLS, FOR GIRLS IN GRADES 7-12, AND PROVIDES FINANCIAL SUPPORT FOR: ONGOING SCHOOL OPERATIONS INCLUDING SCHOLARSHIPS FOR ECONOMICALLY VULNERABLE STUDENTS THAT ENSURE AT LEAST 50% OF MGS STUDENTS RECEIVE FULL SCHOLARSHIP, COMPETITIVE TEACHER SALARIES TO ATTRACT AND RETAIN HIGH QUALITY TEACHERS, AND CAMPUS DEVELOPMENT AND MAINTENANCE, EDUCATIONAL PROGRAMMING TO PROMOTE ACADEMIC EXCELLENCE AND ENSURE MGS CONTINUES TO BE A LEADING SCHOOL, INCLUDING ONGOING FACULTY PROFESSIONAL DEVELOPMENT, STEM RESOURCES AND PROGRAMMING, COLLEGE AND CAREER PROGRAMS, AND TECHNOLOGY AND MATERIALS, AND THE EXTENSION OF SIMILAR SUPPORT AND PROGRAMMING TO OTHER STUDENTS, EDUCATORS AND SCHOOLS IN RWANDA BEYOND THE MGS ON A SELECTED BASIS FOR BROADER IMPACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Smolow Executive Director | OfficerTrustee | 32 | $79,568 |
Kaia Miller Goldstein President | OfficerTrustee | 5 | $0 |
Lani Cooper Vice President/treasurer | OfficerTrustee | 2 | $0 |
Meredith Hanrahan Clerk | OfficerTrustee | 2 | $0 |
Kathy Kantengwa MD Director | Trustee | 1 | $0 |
Lucy Mbabazi Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,535,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,535,665 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,325 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,538,015 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $759,152 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,739 |
| Compensation of current officers, directors, key employees. | $33,896 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,829 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,767 |
| Advertising and promotion | $0 |
| Office expenses | $7,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,606 |
| Travel | $5,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,311 |
| All other expenses | $0 |
| Total functional expenses | $926,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,135,218 |
| Savings and temporary cash investments | $142,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $348 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $1,279,548 |
| Accounts payable and accrued expenses | $15,462 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,462 |
| Net assets without donor restrictions | $585,836 |
| Net assets with donor restrictions | $678,250 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,279,548 |