Public Charity

MOJALOOP FOUNDATION INC

MOJALOOP FOUNDATION INC is a nonprofit organization categorized as Public Charity based in WAKEFIELD, MA. Its most recent IRS filing (2024) reports revenue of $5.5M, expenses of $4.5M, total assets of $5.6M. Imperigo tracks 6 reported grant relationships connected to this organization totaling approximately $2.8M.

EIN: 850922903 WAKEFIELD, MA International Relief NTEE: Q33 Latest filing: 2024
Total Revenue$5.5M
Total Expenses$4.5M
Total Assets$5.6M
Grant Records6
Funding Total$2.8M
Filing Years2020–2024

Mission

OUR MISSION IS TO INCREASE FINANCIAL INCLUSION BY EMPOWERING ORGANIZATIONS CREATING INTEROPERABLE PAYMENTS SYSTEMS TO ENABLE DIGITAL FINANCIAL SERVICES FOR ALL.

Where $100 goes at Mojaloop Foundation Inc

How Mojaloop Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 4 years.

$80 Programs the work itself
$16 Management running the organization
$4 Fundraising raising the next dollar

Inside the $80 for programs

$80
The organization maintains the free, open source software, mojaloop, and its community as public goods in service of financial inclusion
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Adama Diallo
DIRECTOR (THRU AUG 2024) Ken Weber
CHAIR Konstantin Peric
DIRECTOR Miller Abel
EXECUTIVE DIRECTOR & SECRETARY Paula Hunter
TREASURER Robert Ron

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$2,090,850 1 grant
International Aid & Development
$633,000 4 grants
Unspecified
$125,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $5.5M $4.5M $5.6M
2023 $5.4M $3.3M $4.7M
2022 $3.1M $2.6M $2.5M
2020 $1.6M $833K $1.4M

Between 2020 and 2024, reported annual revenue grew from $1.6M to $5.5M (+240%), with total assets most recently reported at $5.6M.

Interactive year-over-year charts and full filing details available with membership.

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