Mona Foundation
- Assets
- $4.8m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Bellevue, WA
- Founding
- 01/2000
- Data as of
- 12/2022
- EIN
- 91-1968512
Organization Overview
Mona Foundation is located in Bellevue, WA. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Mona Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mona 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 12/2022, Mona Foundation generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $2.2m during the year ending 12/2022. While expenses have increased by 11.0% per year over the past 5 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 2015, Mona Foundation has awarded 15 individual grants totaling $632,319. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MONA FOUNDATION SUPPORTS GRASSROOTS INITIATIVES AROUND THE WORLD THAT EDUCATE ALL CHILDREN, EMPOWER WOMEN AND GIRLS, AND ENABLE THEM TO TRANSFORM THEIR OWN COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIGITAL STUDY HALL, $171,180, 1) 493,114 STUDENTS WERE EDUCATED AND 6,735 TEACHERS WERE TRAINED AND ENGAGED 31,390 PARENTS ACROSS ALL SHEFS PROGRAM 2) AAROHINI PROGRAM EMPOWERED 106,300 STUDENTS 3) PROVIDED 150 K-12 SCHOLARSHIPS AND 25 COLLEGE SCHOLARSHIPS 4) SCALED GYANSETU (ONE-ROOM SCHOOLS) IN SLUMS AND REMOTE VILLAGES FROM 100 TO 139 CENTERS AND 3,858 STUDENTS 5) INDIAS DAUGHTERS CAMPAIGN ENGAGED 106,300 CHILDREN FROM 1,700 SCHOOLS 6) DSH ONLINE INCREASED ITS SUBSCRIBERS TO 121,348, WITH OVER 19 MILLION VIEWS AND ACCESSED BY 381,560 UNIQUE USERS.
DIRECT GIFT OF EDUCATIONAL NECESSITIES TO ENHANCE STUDENT ACADEMIC ACHIEVEMENT IN VARIOUS SCHOOLS AROUND THE WORLD.
FUNDAEC, COLOMBIA, $153,050, 1) SUPPORTING COMMUNITY LEADERS PROGRAM: THIS PROGRAM WILL PROVIDE YOUTH WITH INFORMATION ABOUT EXISTING RESOURCES, FACILITATE ACCESS TO SCHOLARSHIPS, ORIENTATION TO TECHNICAL OR PROFESSIONAL PROGRAMS, AND OFFER THEM INSTITUTIONAL SUPPORT SO THAT THEY CAN COMPLETE THEIR HIGHER EDUCATION WHILE SERVING AS AGENTS OF CHANGE IN THEIR COMMUNITIES.A.22 TEACHERS TRAINEDB.42 SERVICE PROJECTS CARRIED OUT IMPACTING 840 COMMUNITY MEMBERSC.21 YOUTH STARTED THEIR OWN BUSINESS
EDUCATIONAL INITIATIVE, INDIA, $150,0001.IN INDIAA.200,000+ STUDENTS WERE PROVIDED ACCESS TO MINDSPARK IN 250+ SCHOOLS AND 5,000+ LEARNING CENTERS SPREAD ACROSS 15 STATES IN INDIAB.1,000+ TEACHERS AND 28,000+ PARENTS WERE TRAINED OR ENGAGED IN SUPPORT OF THEIR CHILDRENS EDUCATION.2.IN SOUTH AFRICA WITH SUPPORT FROM IMPLEMENTATION PARTNER, JET EDUCATION SERVICES THE MINDSPARK PROGRAM:A.WAS IMPLEMENTED IN 6 PRIMARY PUBLIC SCHOOLS.B.1,200+ CHILDREN IN GRADES 4 AND 5 TRAINEDC.30+ TEACHERS TRAINED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahnaz Javid President | Officer | 50 | $127,583 |
David Khorram Director | Trustee | 3 | $0 |
Nooshin Darvish Director | Trustee | 3 | $0 |
Neda Moeini Director | Trustee | 3 | $0 |
Michelle Whitten Director | Trustee | 3 | $0 |
Sima Mobini Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $536,695 |
| Related organizations | $0 |
| Government grants | $2,611,858 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $85,190 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,148,553 |
| Total Program Service Revenue | $0 |
| Investment income | $37,280 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$93,684 |
| Net Income from Fundraising Events | -$5,046 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $229 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,097,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $213,150 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,329,145 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $127,584 |
| Compensation of current officers, directors, key employees. | $42,528 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,047 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,910 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,159 |
| Advertising and promotion | $31,005 |
| Office expenses | $21,086 |
| Information technology | $15,193 |
| Royalties | $0 |
| Occupancy | $26,509 |
| Travel | $12,865 |
| 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 | $333 |
| Insurance | $3,993 |
| All other expenses | $0 |
| Total functional expenses | $2,205,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,293,212 |
| Savings and temporary cash investments | $999 |
| Pledges and grants receivable | $992,746 |
| Accounts receivable, net | $3,635 |
| 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 | $2,678 |
| Investments—publicly traded securities | $2,531,815 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,473 |
| Total assets | $4,826,558 |
| Accounts payable and accrued expenses | $1,150 |
| 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 | $84,961 |
| Total liabilities | $86,111 |
| Net assets without donor restrictions | $2,031,024 |
| Net assets with donor restrictions | $2,709,423 |
| 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 | $4,826,558 |
Grants Awarded
Over the last fiscal year, Mona Foundation has awarded $213,150 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NECS NEW ERA PURPOSE: EDUCATION SUPPORT | $8,500 |
PARENT UNIVERSITY PURPOSE: EDUCATION SUPPORT | $50,000 |
FULL CIRCLE LEARNING PURPOSE: EDUCATION SUPPORT | $22,650 |
SUNFLOWER MISSION PURPOSE: EDUCATION SUPPORT | $132,000 |