Raising Malawi Inc
- Assets
- $639.8k
- Revenue
- $306.6k
- Investments
- $462.9k
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 74-3248665
Organization Overview
Raising Malawi Inc is located in Los Angeles, CA. The organization was established in 2008. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raising Malawi 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, Raising Malawi Inc generated $306.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 8 years. 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
RAISING MALAWI SUPPORTS ORPHANS AND VULNERABLE CHILDREN WITH CRITICAL RESOURCES INCLUDING EDUCATION, MEDICAL CARE, FOOD AND SHELTER, AND PSYCHOSOCIAL SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN PARTNERSHIP WITH MALAWI'S MINISTRY OF HEALTH, RAISING MALAWI OPERATES THE MERCY JAMES CENTRE FOR PEDIATRIC SURGERY AND INTENSIVE CARE, THE COUNTRY'S FIRST AND ONLY SPECIALIZED PEDIATRIC HEALTHCARE FACILITY THAT SERVES THOUSANDS OF CHILDREN ANNUALLY; THE FACILITY SUPPORTS THE SPECIALIZED TRAINING OF THE NEXT GENERATION OF MALAWIAN PEDIATRIC SURGEONS AND INTENSIVE CARE PHYSICIANS.
RAISING MALAWI'S GRANT FUNDED BASIC NEEDS (FOOD, SHELTER, HEALTHCARE) AND EDUCATINOAL SUPPORT TO 400+ CHILDREN AT HOME OF HOPE ORPHANAGE IN THE MCHINJI REGION OF MALAWI. THE GRANT ALSO FUNDED RENOVATIONS AND CONSTRUCTION PROJECTS ON THE HOME OF HOPE CAMPUS.
RAISING MALAWI FUNDED MALAWI'S FIRST FULL-TIME SOCCER AND SCHOLARSHIP ACADEMY FOR BOYS AND GIRLS BASED IN LINGADZI, MALAWI. THE GRANT SUPPORTED ACTIVITIES INCLUDING SOCCER COACHING AND DEVELOPMENT, EDUCATION AND CHARACTER PROGRAMMING FOR 57 ATHLETE-SCHOLARS, DEVELOPMENT OF MALAWI'S FIRST GIRLS' SOCCER LEAGUE, AND THE PURCHASE OF A NEW BUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Madonna Ciccone Board Chair | OfficerTrustee | 3 | $0 |
Guy Oseary Board Secretary | OfficerTrustee | 3 | $0 |
Richard Feldstein Board Treasury | OfficerTrustee | 3 | $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 | $298,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $298,231 |
| Total Program Service Revenue | $0 |
| Investment income | $8,339 |
| 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 | $306,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $63,666 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,078,931 |
| 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 | $114,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $119,665 |
| Fees for services: Legal | $128,628 |
| Fees for services: Accounting | $37,778 |
| 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 | $556 |
| 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 | $18,623 |
| All other expenses | $0 |
| Total functional expenses | $1,599,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,883 |
| Savings and temporary cash investments | $0 |
| 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 | $462,897 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $639,780 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $639,780 |
| Total liabilities and net assets/fund balances | $639,780 |
Grants Awarded
Over the last fiscal year, Raising Malawi Inc has awarded $219,563 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDON INC PURPOSE: CO-FUND CONSTRUCTION OF A SECONDARY SCHOOL IN MALAWI TO SERVE 500 STUDENTS | $50,000 |
THE JACARANDA FOUNDATION INC PURPOSE: FUND ARTS PROGRAMMING AND POST-SECONDARY SCHOLARSHIPS FOR MALAWIAN ORPHAN STUDENTS | $74,563 |
MEDSHARE INTERNATIONAL INC PURPOSE: FUND SHIPMENT OF MEDICAL SUPPLIES | $25,000 |
FORMIDABLE JOY PURPOSE: FUND WATER SYSTEM FOR HOSPITAL MATERNITY WARD | $10,000 |
NVAK INC PURPOSE: FUND INTENSIVE MUSIC WORKSHOP FOR MALAWIAN GIRLS | $10,000 |
UNITED STATES FUND FOR UNICEF PURPOSE: SUPPORT EMERGENCY RELIEF FOR FLOOD VICTIMS | $50,000 |