Myriad Usa Inc
- Assets
- $71.4m
- Revenue
- $121.4m
- Investments
- $0.0
- Employees
- 10
- Location
- New York, NY
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 58-2277856
Organization Overview
Myriad Usa Inc is located in New York, NY. The organization was established in 1997. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2023, Myriad USA Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myriad USA 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 12/2023, Myriad USA Inc generated $121.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $124.1m during the year ending 12/2023. While expenses have increased by 23.2% 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.
Since 2016, Myriad USA Inc has awarded 34 individual grants totaling $4,274,075. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MYRIAD USA FACILITATES THOUGHTFUL, EFFECTIVE GIVING ACROSS BORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO SUPPORT VARIOUS CHARITABLE PROJECTS ACROSS THE GLOBE.
MYRIAD USA ORGANIZES VIRTUAL CONVERSATIONS FOR EXECUTIVES OF FOREIGN NONPROFIT ORGANIZATIONS, IN AN EFFORT TO PROVIDE THEM WITH PRACTICAL CASE STUDIES OF WHAT WORKS IN FUNDRAISING. CLOSE TO 1000 EXECUTIVES PARTICIPATED IN FIVE INTERACTIVE WEBINARS IN 2023.MYRIAD USA SPOTLIGHTS SOME OF ITS MOST CREATIVE PARTNERS FROM AROUND THE WORLD, IN AN EFFORT TO CONNECT THEM WITH INVESTORS AND PHILANTHROPISTS. WE INVITE THESE CHANGEMAKERS TO JOIN US FOR CONVENINGS AND EVENTS HOSTED BY KEY PARTNER ORGANIZATIONS.
OPERATIONAL EXPENSES FOR THE AFRICAN VISIONARY FUND: OPERATIONALEXPENSES FOR THE AFRICAN VISIONARY FUND INCLUDE COMMUNICATIONS ANDOUTREACH EFFORTS, LAUNCHING OF A NEW WEBSITE, AND COORDINATION OF THESELECTION OF GRANT RECIPIENTS. STRUCTURED AS A PURPOSE FUND HOSTED ATMYRIAD USA, THE AFRICAN VISIONARY FUND'S MISSION IS TO DRIVE MORE FUNDING TOAFRICAN SOCIAL ENTREPRENEURS IN AN EFFORT TO ACCELERATE THEIR IMPACT.IT IS TACKLING INEQUITIES AND RIGHTING THE POWER IMBALANCES INPHILANTHROPY BY OFFERING UNRESTRICTED, UNBURDENSOME FUNDING TO AFRICANVISIONARIES.
EACH YEAR, MYRIAD USA ORGANIZES TWO INTENSIVE STUDY VISITS ON THE ART & SCIENCE OF FUNDRAISING, TO INTRODUCE UNIVERSITIES AND CULTURAL INSTITUTIONS FROM AROUND THE WORLD TO SUCCESSFUL DEVELOPMENT STRATEGIES. DURING FOUR DAYS OF DISCUSSIONS WITH SOME OF NEW YORK CITY'S MOST TALENTED FUNDRAISING PROFESSIONALS, PARTICIPANTS EXPLORE CREATIVE SOLUTIONS TO BROADEN THEIR FUNDING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Leysen Chair | OfficerTrustee | 1 | $0 |
Freda Zietlow Vice Chair | OfficerTrustee | 0.5 | $0 |
Evaristus Mainsah Secretary | OfficerTrustee | 0.5 | $0 |
Brieuc Van Damme Treasurer | OfficerTrustee | 0.5 | $0 |
Maryan Ainsworth Director | Trustee | 0.5 | $0 |
Suzy Antounian Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atetegeb Worku Co-ceo Of The African Visionary Fund Hos | 12/30/23 | $214,724 |
Kathryn Bunten-wren Co-ceo Of The African Visionary Fund Hos | 12/30/23 | $208,567 |
Lukomwa Group Llc Support For African Visionary Fund | 12/30/23 | $130,461 |
Patterson Belknap Webb & Tyler Llp Legal Counsel | 12/30/23 | $230,329 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,514,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $116,157,554 |
| Noncash contributions included in lines 1a–1f | $5,582,764 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,672,211 |
| Total Program Service Revenue | $2,771,584 |
| Investment income | $718,820 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $232,098 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $121,394,713 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,615,765 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $117,361,417 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $414,611 |
| Compensation of current officers, directors, key employees. | $414,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,768 |
| Pension plan accruals and contributions | $37,550 |
| Other employee benefits | $188,364 |
| Payroll taxes | $71,638 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $222,151 |
| Fees for services: Accounting | $66,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,940 |
| Fees for services: Other | $72,810 |
| Advertising and promotion | $0 |
| Office expenses | $138,225 |
| Information technology | $98,395 |
| Royalties | $0 |
| Occupancy | $306,435 |
| Travel | $204,309 |
| 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 | $10,981 |
| Insurance | $27,638 |
| All other expenses | $0 |
| Total functional expenses | $124,078,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,334,900 |
| Savings and temporary cash investments | $22,716,386 |
| Pledges and grants receivable | $12,463,279 |
| 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 | $566,489 |
| Net Land, buildings, and equipment | $95,206 |
| Investments—publicly traded securities | $19,482,618 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,784,783 |
| Total assets | $71,443,661 |
| Accounts payable and accrued expenses | $217,259 |
| Grants payable | $13,220,577 |
| Deferred revenue | $501,845 |
| 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 | $2,280,303 |
| Total liabilities | $16,219,984 |
| Net assets without donor restrictions | $41,666,893 |
| Net assets with donor restrictions | $13,556,784 |
| 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 | $71,443,661 |
Grants Awarded
Over the last fiscal year, Myriad Usa Inc has awarded $2,615,765 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
MS FOUNDATION FOR WOMEN INC PURPOSE: TO SUPPORT ADOLESCENT GIRLS AND YOUTH OF COLOR IN THE U.S. | $244,395 |
SEEDS OF AFRICA FOUNDATION PURPOSE: TO PROVIDE FREE QUALITY HIGH SCHOOL EDUCATION TO STUDENTS IN ADAMA, ETHIOPIA TO ENSURE THEIR SUCCESSFUL GRADUATION. | $19,428 |
URYADI'S VILLAGE INC PURPOSE: TO ESTABLISH AN EARLY CHILDHOOD EDUCATION CENTER IN URYADI'S VILLAGE, ETHIOPIA. | $12,636 |
CHILDREN'S HEARTLINK PURPOSE: TO HELP INCREASE ACCESS TO QUALITY HEALTHCARE FOR UNDERSERVED COMMUNITIES IN BRAZIL. | $100,000 |
NATIONAL NETWORK TO END DOMESTIC VIOLENCE INC PURPOSE: FOR ITS WOMENSLAW PROGRAM WHICH PROVIDES FREE, INDIVIDUALIZED, AND CONFIDENTIAL LEGAL INFORMATION FOR SURVIVORS OF DOMESTIC VIOLENCE, SEXUAL ASSAULT, AND STALKING. | $494,395 |
WORLDWIDE INITIATIVES FOR GRANTMAKER SUPPORT INC PURPOSE: TO HELP ENSURE PHILANTHROPY REACHES ITS FULLEST POTENTIAL AS A CATALYST FOR SOCIAL PROGRESS. | $99,638 |