Mona Foundation
- Assets
- $3.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Bellevue, WA
- Founding
- 01/2000
- Data as of
- 12/2020
- 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 12/2020, Mona Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, Mona Foundation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $1.8m during the year ending 12/2020. While expenses have increased by 6.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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: TOTAL OF 780 SCHOOLS SERVED, EDUCATED 2,267,945 STUDENTS AND 2,807 TEACHERS TRAINED ACROSS ALL OF SHEFS PROGRAMS. TRAINED 110 TEACHERS, BOTH MALE AND FEMALE, IN THE AAROHINI PROGRAM FROM 43 SCHOOLS AS PART OF A 2-YEAR PILOT PROGRAM TO BRING MORE MEN INTO THE CONVERSATION. DSH ONLINE INCREASED ITS SUBSCRIBERS FROM 89,700 TO 113,491 AND AMASSED 17 MILLION VIEWS WITH OVER 2 MILLION UNIQUE USERS AND CREATED 298 NEW VIDEOS. PROVIDED 150 K-12 SCHOLARSHIPS AND 20 COLLEGE SCHOLARSHIPS. USE OF TECHNOLOGY ENABLED SHEF TO SCALE GYANSETU (ONE-ROOM SCHOOLS) IN SLUMS OR REMOTE VILLAGES FROM 43 TO 63, AND 2,089 STUDENTS. INDIAS DAUGHTERS CAMPAIGN INVOLVED 712 SCHOOLS, IMPACTING 73,852 CHILDREN, REACHING OUT TO 134,279 COMMUNITY MEMBERS.
NEW HORIZON, HAITI: 519 STUDENTS (56% GIRLS) RECEIVED QUALITY EDUCATION. 45 TEACHERS TRAINED AND SUCCESSFULLY TRANSITIONED TO ONLINE EDUCATION. NEW CAFETERIA COMPLETED, IMPACTING 304 STUDENTS. FACULTY HOUSING COMPLETED.
SUNFLOWER MISSION: COMPLETED TRA KHE ELEMENTARY SCHOOL WITH 5 GRADES WHICH WILL SERVE 180 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 CEO And President | Officer | 50 | $108,333 |
Nikki Meshkin Vice President | OfficerTrustee | 3 | $0 |
Duy-Loan Le Chairperson | OfficerTrustee | 3 | $0 |
Kim Clark Secretary | OfficerTrustee | 5 | $0 |
David Wood Treasurer | OfficerTrustee | 5 | $0 |
Diane Samandi Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $457,982 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,759,870 |
| Noncash contributions included in lines 1a–1f | $206,665 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,217,852 |
| Total Program Service Revenue | $0 |
| Investment income | $72,151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,250 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$7,900 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,286,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $178,728 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $913,803 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,333 |
| Compensation of current officers, directors, key employees. | $36,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,502 |
| Advertising and promotion | $8,818 |
| Office expenses | $12,043 |
| Information technology | $20,241 |
| Royalties | $0 |
| Occupancy | $27,381 |
| Travel | $3,939 |
| 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 | $34 |
| Insurance | $2,781 |
| All other expenses | $11,190 |
| Total functional expenses | $1,775,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,329,574 |
| Savings and temporary cash investments | $998 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,040 |
| 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 | $1,950 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,154,558 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,473 |
| Total assets | $3,492,593 |
| Accounts payable and accrued expenses | $7,542 |
| 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 | $111,995 |
| Total liabilities | $119,537 |
| Net assets without donor restrictions | $1,869,870 |
| Net assets with donor restrictions | $1,503,186 |
| 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 | $3,492,593 |
Grants Awarded
Over the last fiscal year, Mona Foundation has awarded $178,728 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Stafford, TX PURPOSE: Education Support | $117,778 |
PARENT UNIVERSITY PURPOSE: Education Support | $30,000 |
FULL CIRCLE LEARNING PURPOSE: Education Support | $22,000 |
Seattle, WA PURPOSE: Education Support | $8,950 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mona Foundation has recieved totaling $37,432.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $36,663 |
Rk And Lrs Foundation Inc Forest Hills, NY PURPOSE: TO SUPPORT EDUCATION | $769 |
Endowment Analysis
| Beg. Balance | $567,920 |
| Earnings | $395,621 |
| Net Contributions | $314,963 |
| Ending Balance | $1,278,504 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Craig And Susan Mccaw Foundation Kirkland, WA | $28,302,101 | $3,779,056 |
Charles And Lisa Simonyi Fund For Arts And Sciences Bellevue, WA | $280,771 | $4,496,286 |
Evenstad Family Foundation Dayton, OR | $8,656,967 | $4,311,637 |
Washington Federal Foundation Seattle, WA | $432,898 | $1,750,388 |
Mona Foundation Bellevue, WA | $3,492,593 | $2,286,412 |
Sky View Foundation Lake Oswego, OR | $29,383,526 | $704,959 |
Sunbridge Foundation Seattle, WA | $17,388,870 | $784,850 |
Allen Institute For Artificial Intelligence Seattle, WA | $27,885 | $1,097,960 |
Melaleuca Foundation A Non-Profit Corporation Idaho Falls, ID | $3,462,116 | $1,462,434 |
Vital Life - A Marquis And Consonus Foundation Milwaukie, OR | $1,207,386 | $1,047,514 |
Alaska Airlines Foundation Anchorage, AK | $8,706,721 | $851,624 |
Lily Pointe Family Foundation Snoqualmie, WA | $2,848,571 | $159,619 |