Mulago Foundation
- Assets
- $354.7m
- Revenue
- $12.7m
- Investments
- $333.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 07/1968
- Data as of
- 12/2023
- EIN
- 94-6182697
Organization Overview
Mulago Foundation is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Mulago 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 12/2023, Mulago Foundation generated $12.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $31.0m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mulago Foundation has awarded 897 individual grants totaling $255,410,687. 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.
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 |
|---|---|---|---|
Joan Frances Gottfried Arnhold Director | 5 | $0 | |
Kevin Starr CEO | 40 | $483,000 | |
Christa Dorrego Secretary | 10 | $0 | |
John Arnhold Chairman | 5 | $0 | |
Michael Seligmann Director | 5 | $0 | |
Peter Seligmann Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rsm Us Llp | 12/30/23 | $183,890 |
Bernie Tershy | 12/30/23 | $117,959 |
Arnhold Llc | 12/30/23 | $1,017,836 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $947,181 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,021,382 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,761,174 |
| Capital Gain Net Income | $5,970,083 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,986,273 |
| Total Revenue | $12,716,010 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $483,000 |
| Other employee salaries and wages | $1,584,406 |
| Pension plans, employee benefits | $285,677 |
| Interest | $0 |
| Taxes | $766,622 |
| Depreciation | $0 |
| Occupancy | $73,700 |
| Travel, conferences, and meetings | $363,377 |
| Printing and publications | $0 |
| Other expenses | $559,135 |
| Total operating and administrative expenses | $5,738,971 |
| Contributions, gifts, grants paid | $25,295,000 |
| Total expenses and disbursements | $31,033,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,219 |
| Savings and temporary cash investments | $21,161,500 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $302,382,527 |
| Net Land, buildings, and equipment | $21,011 |
| Other assets | $165,205 |
| Total assets | $354,680,752 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mulago Foundation has awarded $25,295,000 in support to 118 organizations.
| Grant Recipient | Amount |
|---|---|
AB ENTHEOS LIMITED PURPOSE: FOSTERING WILDLIFE CONSERVATION AND ECONOMIC DEVELOPMENT FOR COMMUNITIES. | $100,000 |
ABSOLUTE RETURN FOR KIDS PURPOSE: RELIEF TO THE POOR | $250,000 |
AMANDLAMOBI NPC PURPOSE: RELIEF TO THE POOR | $250,000 |
AMANDLAMOBI NPC PURPOSE: RELIEF TO THE POOR | $50,000 |
AMERICAN FRIENDS OF EDELGIVE PURPOSE: RELIEF TO THE POOR | $150,000 |
ARC MARINE LTD PURPOSE: DEPLOYING REEF CUBES AROUND OFFSHORE WIND FARMS | $50,000 |