Mona Foundation aims to support programs that help students excel academically and intellectually, and develop their capabilities to serve and foster change of their communities. The organization focuses on three key areas: access, empowering women and girls, and teacher training. Mona Foundation reports that it builds classrooms and provides scholarships to increase access to education for marginalized communities. The organization states that its Girl Empowerment programs teach students how to question traditional practices and social norms, think about the issues independently, give voice to their thoughts and ideas, and use their own experience and feelings as a valid source of knowledge. In addition, Mona Foundation develops teaching materials relevant to the local community, funds programs to train teachers, and helps schools track educational outcomes to measure teaching quality. In 2019, the organization reports that it trained 3,968 teachers, served 2,373 schools, and enrolled 109,801 students in educational programs.
For the year ended December 31, 2019, Mona Foundation's program expenses were:
Program services |
$1,497,515 |
Total Program Expenses: |
$1,497,515 |
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Chief Executive
Mahnaz Javid, President and Chief Executive Officer
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Compensation*
$75,000
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Chair of the Board
Nikki Meshkin
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Chair's Profession / Business Affiliation
Technical Advisor and Business Operations Manager, Intel Corporation
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Board Size
11
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Paid Staff Size
5
*2018 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Invitations to fund raising events, Planned giving arrangements
Fundraising costs were 16% of related contributions. (Related contributions, which totaled $2,157,364, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Mona Foundation's audited financial statements for the year ended December 31, 2019.
Source of Funds |
Contributions |
$1,153,459 |
Special events, net |
$577,814 |
Gifts-in-kind |
$426,091 |
Investment returns |
$218,549 |
Other income |
$6,736 |
Total Income |
$2,382,649 |
- Programs: 75%
- Fundraising: 17%
- Administrative: 8%
Total Income |
$2,382,649 |
Program expenses |
$1,497,515 |
Fundraising expenses |
$340,751 |
Administrative expenses |
$171,521 |
Other expenses |
$0 |
Total expenses: |
$2,009,787 |
Income in Excess of Expenses |
$372,862 |
Beginning Net Assets |
$2,156,880 |
Other Changes In Net Assets |
$0 |
Ending Net Assets |
$2,529,742 |
Total Liabilities |
$17,318 |
Total Assets |
$2,547,060 |
Note: According to the organization's audited financial statements for the year ended December 31, 2019, Mona Foundation received in-kind gifts totaling $426,091 in the form of software licenses ($130,065), internet advertising ($108,989), professional services ($61,576), special events ($57,857), travel ($39,740), and other ($27,864).