Nonprofit · EIN 20-4683289
MBOLDEN CHANGE
Tax-exempt · PALO ALTO, CA 94306
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $562,553 | $410,149 | $152,404 | $339,680 | $39,506 | $300,174 |
| December 31, 2024 | 990 | $610,814 | $929,281 | -$318,467 | $191,755 | $49,045 | $142,710 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $553,852
- Program service revenue
- $0
- Investment income
- $1,201
- Net income from fundraising events
- $7,500
- Other revenue
- $7,500
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $250,128
- Salaries, compensation and benefits (total)
- $279,942
- Professional fundraising fees
- $0
- Legal fees
- $5,060
- Accounting fees
- $26,132
- Travel
- $2,400
- Program services (functional)
- $272,568
- Management and general (functional)
- $91,169
- Fundraising (functional)
- $46,410
Balance sheet and other
- Total assets, start of year
- $191,755
- Total assets, end of year
- $339,680
- Total liabilities, end of year
- $39,506
- Net assets, end of year
- $300,174
- Net assets without donor restrictions
- $13,507
- Net assets with donor restrictions
- $286,667
- Gross receipts
- $562,553
- Employees
- 1
- Volunteers
- 10
- Year formed
- 2006
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Minh Ngo | Chairperson and Executive Director Officer | 60 | $259,064 | $11,408 |
| Catterina Olazabal | Treasurer Officer | 5 | $13,884 | $0 |
| Hellena Ruiz | Secretary Officer | 0.5 | $0 | $0 |
| Mandy Montoya | Trustee Trustee or director | 0.25 | $0 | $0 |
| Annie Hockey | Trustee Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MINH NGO | Executive Dir. Officer | 40 | $245,257 | $10,855 |
| CATTERINA OLAZABAL | Treasurer Officer | 5 | $28,774 | $0 |
| MANDY MONTOYA | Trustee Trustee or director | 1 | $0 | $0 |
| ANNIE HOCKEY | Trustee Trustee or director | 1 | $0 | $0 |
| HELLENA RUIZ | Secretary Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3790 EL CAMINO REAL, PALO ALTO, CA 94306-3314
- Principal officer (990 for 2025)
- Minh Ngo, 3790 El Camino Real, 1098, Palo Alto, CA 94306
- Signed the 990
- Catterina Olazabal, Board Treasurer
- Phone
- (650) 241-3911
Mission
We champion, design and incubate bold, community-driven solutions that dismantle barriers and close equity gaps ? so everyone has the resources and power to thrive.
Program accomplishments
- Partner Capacity Building: mBOLDen Change strengthens the capacity of frontline community organizations working to uphold the safety net and advance social justice. This support includes strategy, program design and incubation, organizational operations and more.Expenses $145,243
- Community Education & Narrative Change: mBOLDen Change works to reshape how the public and policymakers understand poverty, the safety net, and economic opportunity. This work includes developing public education content and digital tools to inform community members, advocates, and decision-makers.Expenses $72,602
- Basic Needs Support: mBOLDen Change advances household economic stability and mobility by designing and incubating direct cash assistance programs in partnership with community organizations.Expenses $54,723
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-4683289
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P50)
- Assets (IRS master file)
- $339,680
- Income (IRS master file)
- $562,553
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,554,127 | $2,053,842 | $541,765 | IRS |
| 990 | December 2022 | $3,483,860 | $3,258,248 | $1,027,343 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MBOLDEN CHANGE
- What is the EIN of MBOLDEN CHANGE?
- The employer identification number (EIN) of MBOLDEN CHANGE is 20-4683289.
- Is MBOLDEN CHANGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to MBOLDEN CHANGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MBOLDEN CHANGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MBOLDEN CHANGE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MBOLDEN CHANGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MBOLDEN CHANGE?
- The 990 for the year ended December 31, 2025 names Minh Ngo.
- Who are the officers and directors of MBOLDEN CHANGE?
- The 990 for the year ended December 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $259,064 (Minh Ngo, Chairperson and Executive Director).
- How much revenue does MBOLDEN CHANGE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $562,553, expenses of $410,149 and total assets of $339,680 at year end.
Other nonprofits in PALO ALTO
- CHANNING HOUSE EIN 94-1485533 · last filed 990 for 2026
- PALO ALTO COMMUNITY CHILD CARE EIN 94-2242823 · last filed 990 for 2025
- BENEFICENT TECHNOLOGY INC EIN 77-0555413 · last filed 990 for 2024
- AVENIDAS EIN 94-1480548 · last filed 990 for 2025
- BRANCH SERVICES EIN 92-1280061 · last filed 990 for 2025
- CLIMATE RESILIENT COMMUNITIES EIN 88-1697378 · last filed 990 for 2025
- A2SV FOUNDATION EIN 87-4111271 · last filed 990 for 2024
- WOMEN IN PRODUCT EIN 81-3217804 · last filed 990 for 2024