Friends Of Matenwa Inc
- Assets
- $1.4m
- Revenue
- $967.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Cambridge, MA
- Founding
- 01/2011
- Data as of
- 06/2022
- EIN
- 27-2898086
Organization Overview
Friends Of Matenwa Inc is located in Cambridge, MA. The organization was established in 2011. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 06/2022, Friends Of Matenwa Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Matenwa 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 06/2022, Friends Of Matenwa Inc generated $967.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $757.8k during the year ending 06/2022. While expenses have increased by 8.7% per year over the past 7 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
FRIENDS OF MATENWA, INC. SUPPORTS INITIATIVES GENERATED FROM HAITI'S RURAL COMMUNITIES FOR THE BETTERMENT OF THEIR EDUCATION, SOCIAL JUSTICE, AND HEALTH AND ECONOMIC WELL BEING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOTHER TONGUE BOOKS AND EDUCATION PROGRAMS AT MCLC:IN MOTHER TONGUE BOOKS AND EDUCATION PROGRAMS, CHILDREN GAIN LITERACY WHEN TAUGHT IN THEIR NATIVE CREOLE TONGUE, IN A SAFE AND RESPECTFUL INTERACTIVE ENVIRONMENT. PROGRAMS EXTEND FROM PRE-SCHOOL EARLY LEARNERS INTO HIGH SCHOOL, TEACHING TEACHERS TO ENGAGE CHILDREN IN THEIR OWN LEARNING IN MATENWA AND IN OTHER COMMUNITIES.LIVELIHOODS:FOOD SECURITY IS AN ENORMOUS PROBLEM IN HAITI. CROP FAILURE DUE TO DROUGHT CONDITIONS IN HAITI'S MOUNTAINOUS VILLAGES IS A PERSISTENT PROBLEM AND POVERTY PREVENTS FAMILIES FROM BUYING FOOD WHEN CROPS FAIL. INITIATIVES CURRENTLY UNDERWAY INCLUDE INTRODUCING HENS, ENCOURAGING SMALL SCALE VEGETABLE GARDENING AND WATER CONSERVATION, SUPPORTING ARTISAN GROUPS, AND DEVELOPING MUSICAL TALENTS.COMMUNITY OUTREACH: IN RESPONSE TO A PARTICULAR URGENT NEED OR EMERGENCY, THIS PROGRAM PROVIDES MINI-GRANTS IN THE MATENWA COMMUNITY, TO MEET A FOOD, SHELTER, OR MEDICAL EMERGENCY NEED. POST-GRAD SCHOLARSHIPS AND ENTREPRENEURSHIP: MCLC GRADUATES RECEIVE FULL OR PARTIAL SCHOLARSHIPS IN SUPPORT OF CONTINUING EDUCATION. SMALL START-UP GRANTS ARE OFFERED TO ENCOURAGE ENTREPRENEURSHIP. MCLC ALSO OFFERS WORKSHOPS TO ITS GRADUATES IN ORDER TO FURTHER DEVELOP VOCATIONAL SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christine Low Former Executive Director/chief Strategy Officer | OfficerTrustee | 50 | $73,200 |
Kody Emmanuel Executive Director | OfficerTrustee | 40 | $9,500 |
Barbara Sampson President Emeritus | OfficerTrustee | 1 | $0 |
Donna Haig Freedman Co-President | OfficerTrustee | 6 | $0 |
Jocelyn Mccalla Co-President | OfficerTrustee | 6 | $0 |
Elizabeth Gibbons Clerk | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $144,400 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $782,535 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $926,935 |
| Total Program Service Revenue | $0 |
| Investment income | $18,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,083 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $967,436 |
| 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 | $329,470 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,011 |
| Compensation of current officers, directors, key employees. | $18,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,778 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,464 |
| Payroll taxes | $20,484 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,415 |
| Fees for services: Accounting | $13,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $13,047 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,632 |
| Advertising and promotion | $0 |
| Office expenses | $43,552 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,893 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,756 |
| All other expenses | $0 |
| Total functional expenses | $757,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,047,810 |
| Pledges and grants receivable | $155,000 |
| 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 | $5,278 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $203,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,411,488 |
| Accounts payable and accrued expenses | $4,952 |
| 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 | $4,952 |
| Net assets without donor restrictions | $984,384 |
| Net assets with donor restrictions | $422,152 |
| 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 | $1,411,488 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Friends Of Matenwa Inc has recieved totaling $124,807.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $55,500 |
Clermont Foundation Lexington, MA PURPOSE: SOCIAL SERVICE | $35,000 |
Genevieve Mcmillan-Reba Stewart Foundation Norwood, MA PURPOSE: CHARITABLE | $20,000 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $7,820 |
Ploughshares Foundation Chicago, IL PURPOSE: GENERAL | $6,000 |
Bruce Ford Brown Memorial Tr Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $250 |
Endowment Analysis
| Earnings | -$24,727 |
| Net Contributions | $296,879 |
| Ending Balance | $272,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Social Finance Inc Boston, MA | $95,994,128 | $81,693,226 |
New York Womens Foundation New York, NY | $31,744,630 | $15,820,113 |
Fund For The Aged Inc New York, NY | $109,939,296 | $8,972,478 |
Sdsn Association Inc New York, NY | $10,017,542 | $13,246,367 |
Greater Ridgewood Youth Council Inc Ridgewood, NY | $6,525,051 | $8,713,714 |
Glasswing International Usa Inc New York, NY | $37,699,055 | $11,179,883 |
The Samberg Family Foundation Katonah, NY | $0 | $4,486,499 |
Single Stop Usa Inc New York, NY | $4,715,111 | $5,987,742 |
Malchus Foundation Brooklyn, NY | $24,956,883 | $30,497,983 |
The Disability Fund Inc Rockville Centre, NY | $63,283,408 | $4,939,746 |
Barrier Free Living Holding Inc Bronx, NY | $3,190,190 | $5,409,124 |
The Viscardi Center Inc Albertson, NY | $40,315,327 | $5,189,611 |