Tostan Inc
- Assets
- $25.4m
- Revenue
- $32.8m
- Investments
- $0.0
- Employees
- 5
- Location
- Alexandria, VA
- Founding
- 08/1992
- Data as of
- 12/2021
- EIN
- 98-0118876
Organization Overview
Tostan Inc is located in Alexandria, VA. The organization was established in 1992. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Tostan Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tostan 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 12/2021, Tostan Inc generated $32.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $12.5m during the year ending 12/2021. While expenses have increased by 6.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN SEEKING TO SCALE COMMUNITY WELL-BEING, TOSTAN IS FOLLOWING THREE SCALING PATHWAYS AND RELATED PROGRAM SERVICES: DIRECT IMPLEMENTATION OF PROGRAMS, TRAINING AND REPLICATION IN PARTNERSHIP WITH OTHER ORGANIZATIONS, AND GLOBAL INFLUENCE. A. DIRECT IMPLEMENTATION IN RELATION TO ITS DIRECT IMPLEMENTATION PROGRAMS, IN 2021, TOSTAN OPERATED IN 5 COUNTRIES AND HAD THE FOLLOWING REACH THROUGH ITS MAJOR PROGRAM, THE COMMUNITY EMPOWERMENT PROGRAM: (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Bonometti Chief Executive Officer | Officer | 40 | $173,798 |
Kadji Diop Chief Finance & Ops. Officer, Treas. | Officer | 40 | $139,888 |
Molly Melching Founder | Trustee | 40 | $91,200 |
Diaka Sall Secretary | OfficerTrustee | 1 | $0 |
Kelly Baxter Chairperson | OfficerTrustee | 3 | $0 |
Fatimata Sy Vice-Chairperson | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,881,771 |
| All other contributions, gifts, grants, and similar amounts not included above | $29,339,354 |
| Noncash contributions included in lines 1a–1f | $757,241 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,221,125 |
| Total Program Service Revenue | $575,459 |
| Investment income | $1,361 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,869 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,796,076 |
| 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 | $207,369 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $500,484 |
| Compensation of current officers, directors, key employees. | $158,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,472,370 |
| Pension plan accruals and contributions | $188,054 |
| Other employee benefits | $285,360 |
| Payroll taxes | $38,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,793 |
| Fees for services: Accounting | $92,803 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $15,675 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,421,738 |
| Advertising and promotion | $0 |
| Office expenses | $230,736 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,365,821 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $617,117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,754 |
| Insurance | $0 |
| All other expenses | $2,991,987 |
| Total functional expenses | $12,538,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,339,195 |
| Savings and temporary cash investments | $19,104,255 |
| Pledges and grants receivable | $886,200 |
| Accounts receivable, net | $150,392 |
| 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 | $68,714 |
| Net Land, buildings, and equipment | $884,311 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,433,067 |
| Accounts payable and accrued expenses | $518,643 |
| 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 | $518,643 |
| Net assets without donor restrictions | $22,576,928 |
| Net assets with donor restrictions | $2,337,496 |
| 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 | $25,433,067 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Tostan Inc has recieved totaling $382,549.
| Awarding Organization | Amount |
|---|---|
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: EMPOWER WOMEN AND GIRLS | $191,586 |
The Skoll Fund Mountain View, CA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $34,813 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $30,900 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $25,000 |
Engelsma Family Foundation Sioux Falls, SD PURPOSE: GENERAL OPERATING FUND | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aga Khan Foundation Usa Washington, DC | $514,583,753 | $79,966,800 |
Internet Society Reston, VA | $66,935,347 | $44,092,152 |
Ashoka Arlington, VA | $82,475,010 | $42,522,077 |
New Israel Fund Washington, DC | $34,542,949 | $49,845,790 |
Handicap International Silver Spring, MD | $15,927,332 | $32,015,204 |
Rainforest Trust Warrenton, VA | $101,886,271 | $70,481,732 |
U S Dairy Export Council Inc Arlington, VA | $16,612,208 | $30,970,567 |
Inmed Partnerships For Children Inc Sterling, VA | $1,243,329 | $2,714,257 |
World Hope International Inc Alexandria, VA | $5,473,992 | $24,293,727 |
Women For Women International Washington, DC | $28,007,663 | $29,844,368 |
Immap Inc Washington, DC | $3,569,073 | $22,018,059 |
Vital Voices Global Partnership Inc Washington, DC | $57,069,556 | $31,398,531 |