Mona Foundation
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Mona Foundation meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to support grassroots initiatives around the world that educate all children, empower women and girls, and emphasize ethics and service to develop next generation change agents who uplift themselves, their families, and their communities."
Year, State Incorporated:
1999, WA
Mona Foundation supports programs that aim to help students excel academically and intellectually and develop their capabilities to serve and foster change in 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
For the year ended December 31, 2023, Mona Foundation's program expenses were:
Program services: $2,015,917
Total Program Expenses: $2,015,917
Chief Executive
Mahnaz Javid, President and Chief Executive Officer
Compensation*
$130,000
Chair of the Board
Duy-Loan Le
Chair's Profession / Business Affiliation
Retired
Board Size
9
Paid Staff Size
7
*2023 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Radio
Fundraising costs were 7% of related contributions. (Related contributions, which totaled $3,144,495, 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, 2023.
Source of Funds
| Contributions | $2,734,062 |
| Special events | $254,089 |
| In-kind contributions | $156,344 |
| Investment return | $617,691 |
| Total Income | $3,762,186 |
Programs: 77% Fundraising: 9% Administrative: 15%
| Total Income | $3,762,186 |
| Total expenses: | $2,634,568 |
| Program expenses | $2,015,917 |
| Fundraising expenses | $232,908 |
| Administrative expenses | $385,743 |
| Other expenses | $0 |
| Income in Excess of Expenses | $1,127,618 |
| Beginning Net Assets | $4,740,447 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $5,868,065 |
| Total Liabilities | $41,332 |
| Total Assets | $5,909,397 |
Note: According to the organization's 2023 audited financial statements, Mona Foundation received in-kind contributions totaling $156,344 in the form of marketing and advertising ($73,001), special events ($42,568), meetings and travel ($29,905), office expenses ($6,000), and grants and projects ($4,870).
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance