M V Foundation
- Assets
- $528.8k
- Revenue
- $243.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, CA
- Founding
- 07/2004
- Data as of
- 12/2021
- EIN
- 51-0487717
Organization Overview
M V Foundation is located in Newark, CA. The organization was established in 2004. According to its NTEE Classification (Q70) the organization is classified as: International Human Rights, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M V Foundation 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 12/2021, M V Foundation generated $243.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $474.4k during the year ending 12/2021. While expenses have increased by 17.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ABOLITION OF CHILD LABOR AND PROVIDE UNIVERSAL ELEMENTARY EDUCATION TO ALL CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING EDUCATIONAL OPPORTUNITIES IN UNDERPRIVILEGED AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mangala Prasad Director | Trustee | 2 | $0 |
Gopikrushna Mamidipudi Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $243,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,018 |
| Total Program Service Revenue | $0 |
| Investment income | $93 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $243,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $472,920 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $474,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,397 |
| Savings and temporary cash investments | $514,374 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $528,771 |
| Accounts payable and accrued expenses | $0 |
| 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 | $498,900 |
| Other liabilities | $0 |
| Total liabilities | $498,900 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $29,871 |
| Total liabilities and net assets/fund balances | $528,771 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that M V Foundation has recieved totaling $237,013.
| Awarding Organization | Amount |
|---|---|
Broadridge Foundation Newark, NJ PURPOSE: SOCIAL TRANSFORMATION, EDUCATION FOR CHILDREN | $237,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $13 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urgent Action Fund For Womens Human Rights Alameda, CA | $33,751,660 | $18,043,066 |
Centro Binacional Para El Desarrollo Indigena Oaxaqueno Fresno, CA | $1,795,389 | $4,909,802 |
Causa Of Oregon Salem, OR | $2,540,749 | $3,433,685 |
World Institute On Disability Berkeley, CA | $1,239,866 | $2,870,602 |
Liberty In North Korea Long Beach, CA | $3,937,762 | $4,651,220 |
Citizens Commission On Human Rights Los Angeles, CA | $1,217,881 | $3,291,997 |
Christian Solidarity International Inc Westlake Village, CA | $692,537 | $1,937,274 |
Exodus Cry Inc San Clemente, CA | $2,742,457 | $1,591,736 |
Dui Hua Foundation San Francisco, CA | $1,616,927 | $542,425 |
Dtwo Ltd San Francisco, CA | $932,717 | $1,313,298 |
Project Expedite Justice Kailua Kona, HI | $961,159 | $1,125,872 |
The Rebuilding Alliance Redwood City, CA | $125,710 | $960,951 |