Nonprofit · EIN 85-0922903
MOJALOOP FOUNDATION INC
Tax-exempt · WAKEFIELD, MA 01880
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,455,729 | $4,489,624 | $966,105 | $5,553,280 | $391,287 | $5,161,993 |
| December 31, 2023 | 990 | $5,419,121 | $3,298,876 | $2,120,245 | $4,731,812 | $535,924 | $4,195,888 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,862,450
- Program service revenue
- $556,110
- Investment income
- $37,169
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $23,357
- Accounting fees
- $2,200
- Travel
- $347,393
- Depreciation
- $2,754
- Program services (functional)
- $3,579,932
- Management and general (functional)
- $704,298
- Fundraising (functional)
- $205,394
Balance sheet and other
- Total assets, start of year
- $4,731,812
- Total assets, end of year
- $5,553,280
- Total liabilities, end of year
- $391,287
- Net assets, end of year
- $5,161,993
- Land, buildings and equipment
- $11,782
- Net assets without donor restrictions
- $2,475,322
- Net assets with donor restrictions
- $2,686,671
- Gross receipts
- $5,455,729
- Employees
- 0
- Volunteers
- 50
- Year formed
- 2020
- State of legal domicile
- DE
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KONSTANTIN PERIC | CHAIR Trustee or director, Officer | 1 | $0 |
| ROBERT RON | TREASURER Trustee or director, Officer | 1 | $0 |
| ADAMA DIALLO | DIRECTOR Trustee or director | 1 | $0 |
| MILLER ABEL | DIRECTOR Trustee or director | 1 | $0 |
| KEN WEBER | DIRECTOR (THRU AUG 2024) Trustee or director | 1 | $0 |
| PAULA HUNTER | EXECUTIVE DIRECTOR & SECRETARY Officer | 40 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KONSTANTIN PERIC | CHAIR Trustee or director, Officer | 1 | $0 |
| ROBERT RON | TREASURER Trustee or director, Officer | 1 | $0 |
| ADAMA DIALLO | DIRECTOR Trustee or director | 1 | $0 |
| KEN WEBER | DIRECTOR Trustee or director | 1 | $0 |
| MILLER ABEL | DIRECTOR Trustee or director | 1 | $0 |
| MATSELISO THABANE | DIRECTOR (THRU 05/2023) Trustee or director | 1 | $0 |
| KEVIN O'NEIL | DIRECTOR (THRU 09/2023) Trustee or director | 1 | $0 |
| PAULA HUNTER | EXECUTIVE DIRECTOR & SECRE Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 401 EDGEWATER PL STE 600, WAKEFIELD, MA 01880-6200
- Principal officer (990 for 2024)
- PAULA HUNTER, 401 EDGEWATER PLACE 600, WAKEFIELD, MA 01880
- Signed the 990
- PAULA HUNTER, EXECUTIVE DIRECTOR & SECRETARY
- Phone
- (781) 246-0500
- Website
- MOJALOOP.IO/FOUNDATION
- Return prepared by
- WEGNER CPAS LLP
Mission
OUR MISSION IS TO INCREASE FINANCIAL INCLUSION BY EMPOWERING ORGANIZATIONS CREATING INTEROPERABLE PAYMENTS SYSTEMS TO ENABLE DIGITAL FINANCIAL SERVICES FOR ALL.
Program accomplishments
- THE ORGANIZATION MAINTAINS THE FREE, OPEN SOURCE SOFTWARE, MOJALOOP, AND ITS COMMUNITY AS PUBLIC GOODS IN SERVICE OF FINANCIAL INCLUSION. MERCHANTS, CENTRAL BANKS, SERVICE PROVIDERS, GOVERNMENT OFFICES, AND OTHER ENTITIES LOOKING TO BUILD INCLUSIVE PAYMENTS PLATFORMS CAN USE MOJALOOP--WHOLE, ADAPTED, OR AS A REAL-TIME PAYMENTS REFERENCE MODEL. MEMBERSHIP IS OPEN TO MISSION-DRIVEN, NON-GOVERNMENTAL AND TECHNOLOGY ENTITIES FOCUSED ON ADVANCING FINANCIAL INCLUSION. TRAINING, EVENTS, AND OTHER EDUCATIONAL ACTIVITIES ARE PROVIDED TO THE COMMUNITY, AND PARTICIPATION IN THE COMMUNITY IS OPEN AND FREE TO ALL.Expenses $3,579,932 · revenue $556,110
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 | Not 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
- 85-0922903
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $5,553,280
- Income (IRS master file)
- $5,455,729
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,455,729 | $4,489,624 | $5,553,280 | XML |
| 990 | December 2023 | $5,419,121 | $3,298,876 | $4,731,812 | XML |
| 990 | December 2022 | $3,052,293 | $2,558,965 | $2,514,232 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 85-0922903).
Questions about MOJALOOP FOUNDATION INC
- What is the EIN of MOJALOOP FOUNDATION INC?
- The employer identification number (EIN) of MOJALOOP FOUNDATION INC is 85-0922903.
- Is MOJALOOP FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MOJALOOP FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOJALOOP FOUNDATION INC 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 MOJALOOP FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOJALOOP FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MOJALOOP FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names PAULA HUNTER.
- Who are the officers and directors of MOJALOOP FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does MOJALOOP FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,455,729, expenses of $4,489,624 and total assets of $5,553,280 at year end.
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All nonprofits in WAKEFIELD · Massachusetts · International, foreign affairs and national security