Masinyusane Inc
- Assets
- $119.9k
- Revenue
- $90.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Boston, MA
- Founding
- 07/2011
- Data as of
- 03/2023
- EIN
- 27-3024837
Organization Overview
Masinyusane Inc is located in Boston, MA. The organization was established in 2011. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masinyusane 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 03/2023, Masinyusane Inc generated $90.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $74.0k during the year ending 03/2023. While expenses have increased by 2.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RAISING AND EXPENDING FUNDS TO SUPPORT AND CARRY OUT DEVELOPMENT PROJECTS IN IMPOVERISHED COMMUNITIES IN SOUTH AFRICA, WITH THE GOAL OF EDUCATING CHILDREN AND YOUTH, EMPOWERING PEOPLE, AND ALLEVIATING POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TOP LEARNERS: SENDING TOP HIGH SCHOOL LEARNERS FROM OVER 40 IMPOVERISHED TOWNSHIP HIGH SCHOOLS IN THE EASTERN CAPE TO UNIVERSITY. SUPPORT INCLUDES APPLICATION FEES, ASSISTANCE IN OBTAINING FINANCIAL AID AND BURSARIES, TUITION ASSISTANCE, TRANSPORTATION STIPENDS, HOUSING IN MASINYUSANE'S HOUSES OF EXCELLENCE, FOOD AND WELFARE, AND MENTORING AND TUTORING. MASINYUSANE WAS ACTIVELY SUPPORTING OVER 1000 STUDENTS IN HIGH SCHOOL AND UNIVERSITY, ALL FROM VERY IMPOVERISHED BACKGROUNDS.
CHILDREN'S EDUCATION & YOUTH EMPLOYMENT: EMPOWERING LOCAL COMMUNITIES TO UPLIFT THEMSELVES BY HIRING LOCAL, PREVIOUSLY UNEMPLOYED YOUTH AND TRAINING THEM AS READING COACHES FOR CHILDREN. WE BUILD LIBRARIES & LITERACY CENTRES IN PRESCHOOLS AND SCHOOLS AND HAVE THESE READING COACHES WORK WITH CHILDREN ONE-ON-ONE AT WHATEVER LEVEL THEY ARE AT FOR THE FIRST 5-6 YEARS OF THEIR SCHOOLING LIFE. THIS PROVIDES THEM WITH THE FOUNDATION IN READING, WRITING AND COMPREHENSION THAT EVERY CHILD DESERVES. WE ARE THUS CREATING JOBS IN WHICH COMMUNITY YOUTH ARE EMPLOYED TO HELP UPLIFT THEIR OWN SCHOOLS AND CHILDREN.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Mckeown Executive Director | Officer | 40 | $48,263 |
Kellan Florio Treasurer, Board | Trustee | 1 | $0 |
Kunaal Bellara Chairperson, Board Member | Trustee | 1 | $0 |
Tim Cork Board | Trustee | 1 | $0 |
Sarah Calhoun Board | Trustee | 1 | $0 |
Rachel Bixler Board Member | Trustee | 1 | $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 | $90,773 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,773 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $90,773 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $54,000 |
| Compensation of current officers, directors, key employees. | $5,400 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $11,097 |
| Other employee benefits | $0 |
| Payroll taxes | $4,167 |
| Fees for services: Management | $449 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| 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 | $529 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $73,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,399 |
| 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 | $1,458 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $119,857 |
| 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 | $117,857 |
| Net assets with donor restrictions | $2,000 |
| 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 | $119,857 |