Mona Foundation
- Assets
- $4.4m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 4
- Location
- Bellevue, WA
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 91-1968512
Organization Overview
Mona Foundation is located in Bellevue, WA. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, 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 12/2021, Mona Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.8% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 4.1% 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.
Since 2015, Mona Foundation has awarded 15 individual grants totaling $597,897. 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
2021
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
STUDY HALL EDUCATIONAL FOUNDATION, LUCKNOW, INDIA: 1.79,12 SCHOOLS SERVED, 664,806 STUDENTS EDUCATED, AND 137,130 TEACHERS TRAINED ACROSS ALL SHEFS PROGRAMS.2.AAROHINI PROGRAM EMPOWERED 77,710 STUDENTS, TRAINED 136,912 TEACHERS VIA ZOOM AND YOUTUBE LIVE3.PROVIDED 150 K-12 SCHOLARSHIPS AND 20 COLLEGE SCHOLARSHIPS4.SCALED GYANSETU (ONE-ROOM SCHOOLS) IN SLUMS AND REMOTE VILLAGES FROM 63 TO 100 CENTERS AND 3,000 STUDENTS THROUGH USE OF TECHNOLOGY.5.INDIAS DAUGHTERS CAMPAIGN ENGAGED 6,205 CHILDREN; 1,730 TEACHERS INVOLVED IMPACTING 31,025 COMMUNITY MEMBERS6.DSH ONLINE INCREASED ITS SUBSCRIBERS 118,000, WITH OVER 19 MILLION VIEWS. 443 NEW VIDEOS PRODUCED THIS YEAR.
EDUCATIONAL INITIATIVE, INDIA: 1.PROVIDED MINDSPARK ONLINE (SOFTWARE TO IMPROVE LEARNING AND BRING CHILDREN IN UNDER-SERVED COMMUNITIES TO GRADE LEVEL) TO 48,945 STUDENTS IN 3 PROVINCES IN INDIA2.30,000 PARENTS WERE TRAINED OR ENGAGED IN THEIR CHILDRENS EDUCATION3.970 TEACHERS WERE TRAINED
SUNFLOWER MISSION, VIETNAM: 1.REPAIRED AND EXPANDED TUY DUONG SCHOOL IN PHU YEN PROVINCE (CONSTRUCTION FUNDED BY MONA IN 2011) SERVING 300 STUDENTS.2.PROVIDED ON-GOING SCHOLARSHIP SUPPORT TO 10 MEDICAL STUDENTS, 20 COLLEGE STUDENTS AND 300 K-12 STUDENTS
DIRECT GIFT OF EDUCATIONAL NECESSITIES TO ENHANCE STUDENT ACADEMIC ACHIEVEMENT IN VARIOUS SCHOOLS AROUND THE WORLD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mahnaz Javid President | Officer | 50 | $129,583 |
Duy-Loan Le Chairperson | OfficerTrustee | 3 | $0 |
Kim Clark Secretary | OfficerTrustee | 5 | $0 |
David Wood Treasurer | OfficerTrustee | 5 | $0 |
Nooshin Darvish Director | Trustee | 3 | $0 |
David Khorram Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $429,066 |
| Related organizations | $0 |
| Government grants | $38,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,781,984 |
| Noncash contributions included in lines 1a–1f | $100,854 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,249,895 |
| Total Program Service Revenue | $0 |
| Investment income | $73,227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,671 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$290 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,318,161 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $39,467 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,061,226 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $129,584 |
| Compensation of current officers, directors, key employees. | $38,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,421 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,005 |
| Advertising and promotion | $24,463 |
| Office expenses | $14,907 |
| Information technology | $14,102 |
| Royalties | $0 |
| Occupancy | $24,263 |
| Travel | $69 |
| 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 | $166 |
| Insurance | $2,813 |
| All other expenses | $0 |
| Total functional expenses | $1,732,557 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,367,265 |
| Savings and temporary cash investments | $999 |
| Pledges and grants receivable | $16,000 |
| Accounts receivable, net | $2,776 |
| 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 | $1,493 |
| Investments—publicly traded securities | $3,041,583 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,473 |
| Total assets | $4,431,589 |
| Accounts payable and accrued expenses | $2,824 |
| 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 | $119,249 |
| Total liabilities | $122,073 |
| Net assets without donor restrictions | $2,531,581 |
| Net assets with donor restrictions | $1,777,935 |
| 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 | $4,431,589 |
Grants Awarded
Over the last fiscal year, Mona Foundation has awarded $39,467 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PARENT UNIVERSITY PURPOSE: Education Support | $15,000 |
Grass Valley, CA PURPOSE: Education Support | $14,050 |
Peekskill, NY PURPOSE: Education Support | $5,750 |
Grass Valley, CA PURPOSE: Education Support | $4,667 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Mona Foundation has recieved totaling $241,061.
| Awarding Organization | Amount |
|---|---|
Wayfarer Foundation Highland Park, IL PURPOSE: GENERAL OPERATING SUPPORT | $80,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: EDUCATION | $75,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,584 |
Cotopaxi Foundation Salt Lake City, UT PURPOSE: UNRESTRICTED | $20,000 |
Danpaul Foundation Blountville, TN PURPOSE: NON-EXISTANCE SCHOOLS EDUCATION | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $2,247 |
Endowment Analysis
| Beg. Balance | $1,278,504 |
| Earnings | $374,915 |
| Net Contributions | $228,342 |
| Ending Balance | $1,881,761 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micron Technology Foundation Inc Boise, ID | $125,043,825 | $15,658,941 |
Mount Baker Foundation Bellingham, WA | $42,225,548 | $9,346,004 |
Craig And Susan Mccaw Foundation Kirkland, WA | $12,162,493 | $989,970 |
Mona Foundation Bellevue, WA | $4,431,589 | $2,318,161 |
Allen Institute For Artificial Intelligence Seattle, WA | $34,288 | $1,296,035 |
Sunbridge Foundation Seattle, WA | $16,943,375 | $1,420,322 |
Evertrust Foundation Everett, WA | $7,898,804 | $1,055,005 |
Washington Federal Foundation Seattle, WA | $444,132 | $1,000,247 |
Arthur M James Family Foundation Seaside, OR | $0 | $233,564 |
Guidance Foundation Portland, OR | $0 | $19,812 |
The Frederick D & Gail Y Jubitz Foundation Hillsboro, OR | $3,589,858 | $1,270,758 |
Alaska Airlines Foundation Anchorage, AK | $9,466,696 | $1,525,965 |