MOJALOOP FOUNDATION INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: MOJALOOP FOUNDATION INC (EIN 85-0922903)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-10-18
IRS object ID: 202422929349300232
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-10-18T14:27:34-05:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	390974031	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WEGNER CPAS LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	419 N LEE ST	AddressLine1Txt
City	ALEXANDRIA	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	223142301	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	850922903	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MOJALOOP FOUNDATION INC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MOJA	BusinessNameControlTxt
Phone	7812460500	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 EDGEWATER PLACE 600	AddressLine1Txt
City	WAKEFIELD	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01880	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PAULA HUNTER	PersonNm
Person Title	EXECUTIVE DIRECTOR & SECRETARY	PersonTitleTxt
Phone	7812460500	PhoneNum
Signature	2024-10-17	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	GLENN MILLER CPA	PreparerPersonNm
PTIN	P00086726	PTIN
Phone	7035190990	PhoneNum
Preparation	2024-10-15	PreparationDt

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PAULA HUNTER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 EDGEWATER PLACE 600	AddressLine1Txt
City	WAKEFIELD	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01880	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$5,419,121	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	MOJALOOP.IO/FOUNDATION	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2020	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	OUR MISSION IS TO INCREASE FINANCIAL INCLUSION BY EMPOWERING ORGANIZATIONS CREATING INTEROPERABLE PAYMENTS SYSTEMS TO ENABLE DIGITAL FINANCIAL SERVICES FOR ALL.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	5	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	50	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$2,254,793	PYContributionsGrantsAmt
CY Contributions Grants	$4,713,288	CYContributionsGrantsAmt
PY Program Service Revenue	$797,500	PYProgramServiceRevenueAmt
CY Program Service Revenue	$705,833	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$3,052,293	PYTotalRevenueAmt
CY Total Revenue	$5,419,121	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$0	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$0	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$123,342	CYTotalFundraisingExpenseAmt
PY Other Expenses	$2,558,965	PYOtherExpensesAmt
CY Other Expenses	$3,298,876	CYOtherExpensesAmt
PY Total Expenses	$2,558,965	PYTotalExpensesAmt
CY Total Expenses	$3,298,876	CYTotalExpensesAmt
PY Revenues Less Expenses	$493,328	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$2,120,245	CYRevenuesLessExpensesAmt
Total Assets BOY	$2,514,232	TotalAssetsBOYAmt
Total Assets EOY	$4,731,812	TotalAssetsEOYAmt
Total Liabilities BOY	$438,589	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$535,924	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$2,075,643	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$4,195,888	NetAssetsOrFundBalancesEOYAmt
Mission	OUR MISSION IS TO INCREASE FINANCIAL INCLUSION BY EMPOWERING ORGANIZATIONS CREATING INTEROPERABLE PAYMENTS SYSTEMS TO ENABLE DIGITAL FINANCIAL SERVICES FOR ALL.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$2,640,062	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$705,833	RevenueAmt
Desc	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.	Desc
Total Program Service Expenses	$2,640,062	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	0	ReportOtherLiabilitiesInd
Include FIN48 Footnote	0	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	0	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	5	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	5	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	0	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	VIRTUAL INC	PersonNm
Phone	7812460500	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 EDGEWATER PLACE STE 600	AddressLine1Txt
City	WAKEFIELD	CityNm
State Abbreviation	MA	StateAbbreviationCd
ZIP	01880	ZIPCd

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
KONSTANTIN PERIC
CHAIR	1.00	Yes (X)	Yes (X)	$0	$0	$0
ROBERT RON
TREASURER	1.00	Yes (X)	Yes (X)	$0	$0	$0
ADAMA DIALLO
DIRECTOR	1.00	Yes (X)		$0	$0	$0
KEN WEBER
DIRECTOR	1.00	Yes (X)		$0	$0	$0
MILLER ABEL
DIRECTOR	1.00	Yes (X)		$0	$0	$0
MATSELISO THABANE
DIRECTOR (THRU 05/2023)	1.00	Yes (X)		$0	$0	$0
KEVIN O'NEIL
DIRECTOR (THRU 09/2023)	1.00	Yes (X)		$0	$0	$0
PAULA HUNTER
EXECUTIVE DIRECTOR & SECRE	40.00		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$0	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt	Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt	CityContractorAddress/ForeignAddress/CityNm	CountryContractorAddress/ForeignAddress/CountryCd	Foreign PostalContractorAddress/ForeignAddress/ForeignPostalCd
VIRTUAL INC
401 EDGEWATER PLACE STE 600	WAKEFIELD	MA	01880	MANAGEMENT SERVICES	$742,128
STEVE HALEY
8025 SW LAURELWOOD CO	PORTLAND	OR	97225	DIRECTOR MARKET DEVELOPMENT AND PARTNERS	$231,250
STRANGE LANDS LTD
				SOFTWARE ENGINEERING CONSULTANCY	$166,193	MANSION HOUSE MANCHESTER ROAD	CHESHIRE	UK	WA14 4RW
TROUVER LTD
				PRODUCT MANAGER	$152,000	10A GREAT WESTERN TERRACE	GLASGOW	UK	G12 0UP
CROSSLAKE TECHNOLOGIES
5605 CARNEGIE BOULEVARD SUITE 175	CHARLOTTE	NC	28209	IT INFRASTRUCTURE	$151,694

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	6	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$4,713,288	AllOtherContributionsAmt
Total Contributions	$4,713,288	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

Field	Value	IRS element (for citing)
Desc	MEMBERSHIP DUES	Desc
Business	813920	BusinessCd
Total Revenue Column	$705,833	TotalRevenueColumnAmt
Related Or Exempt Func Income	$705,833	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$705,833	TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,419,121	TotalRevenueColumnAmt
Related Or Exempt Func Income	$705,833	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$1,576,256	TotalAmt
Program Services	$1,261,005	ProgramServicesAmt
Management And General	$236,438	ManagementAndGeneralAmt
Fundraising	$78,813	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$27,954	TotalAmt
Management And General	$27,954	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$12,700	TotalAmt
Management And General	$12,700	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$440,994	TotalAmt
Program Services	$352,795	ProgramServicesAmt
Management And General	$66,149	ManagementAndGeneralAmt
Fundraising	$22,050	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$30,984	TotalAmt
Program Services	$24,788	ProgramServicesAmt
Management And General	$6,052	ManagementAndGeneralAmt
Fundraising	$144	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$587,254	TotalAmt
Program Services	$469,803	ProgramServicesAmt
Management And General	$117,451	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$410,701	TotalAmt
Program Services	$328,561	ProgramServicesAmt
Management And General	$61,605	ManagementAndGeneralAmt
Fundraising	$20,535	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,138	TotalAmt
Program Services	$910	ProgramServicesAmt
Management And General	$228	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$7,475	TotalAmt
Program Services	$5,980	ProgramServicesAmt
Management And General	$1,495	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt	FundraisingFundraisingAmt
TRAVEL STIPENDS	$167,420	$167,420
MEMBERSHIP OPERATIONS	$36,000	$28,800	$5,400	$1,800

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,298,876	TotalAmt
Program Services	$2,640,062	ProgramServicesAmt
Management And General	$535,472	ManagementAndGeneralAmt
Fundraising	$123,342	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$2,445,346	BOYAmt
EOY	$4,675,418	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$35,000	BOYAmt
EOY	$10,000	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$33,886	BOYAmt
EOY	$16,572	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$9,960	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$1,138	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$8,822	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$21,000	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,514,232	BOYAmt
EOY	$4,731,812	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$129,839	BOYAmt
EOY	$258,007	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$308,750	BOYAmt
EOY	$277,917	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$438,589	BOYAmt
EOY	$535,924	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$2,075,643	BOYAmt
EOY	$4,195,888	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,075,643	BOYAmt
EOY	$4,195,888	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$2,514,232	BOYAmt
EOY	$4,731,812	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$2,120,245	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	0	FSAuditedInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$1,605,721	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,582,633	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,254,793	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,713,287	CurrentTaxYearAmt
Total	$12,156,434	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus3 Years	$1,605,721	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$3,582,633	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,254,793	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,713,287	CurrentTaxYearAmt
Total	$12,156,434	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$8,421,396	SubstantialContributorsTotAmt
Public Support Total170	$3,735,038	PublicSupportTotal170Amt
Total Support	$12,156,434	TotalSupportAmt
Gross Receipts Rltd Activities	$1,503,334	GrossReceiptsRltdActivitiesAmt
First5 Years170	Yes (X)	First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$9,960	OtherCostOrOtherBasisAmt
Depreciation	$1,138	DepreciationAmt
Book Value	$8,822	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$8,822	TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	MOJALOOP FOUNDATION, INC. USES A MANAGEMENT COMPANY, VIRTUAL INC., TO PERFORM MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OR UNDER SUPERVISION OF OFFICERS, DIRECTORS, OR KEY EMPLOYEES.
FORM 990, PART VI, SECTION A, LINE 6	THE FOUNDATION HAS TWO CLASSES OF MEMBERSHIP, REPRESENTING MEMBERS THAT PUBLICLY (BUT NONEXCLUSIVELY) SUPPORT THE FOUNDATION'S CHARITABLE AND EDUCATIONAL PURPOSES: (A) SPONSOR MEMBERS AND (B) PROMOTER MEMBERS.
FORM 990, PART VI, SECTION A, LINE 7A	SPONSOR MEMBERS HAVE THE RIGHT TO APPOINT A DIRECTOR TO THE BOARD OF DIRECTORS. SPONSOR MEMBERS ALSO HAVE THE RIGHT TO APPOINT A DELEGATE TO THE TECHNICAL GOVERNING BOARD. PROMOTER MEMBERS HAVE THE RIGHT TO NOMINATE AND VOTE TO ELECT DELEGATES TO THE TECHNICAL GOVERNING BOARD.
FORM 990, PART VI, SECTION B, LINE 11B	A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO THE ENTIRE BOARD OF DIRECTORS BEFORE IT WAS FILED.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUAL DISTRIBUTION OF THIS POLICY AND DISCLOSURES. A COPY OF THIS POLICY MUST BE FURNISHED ANNUALLY TO ALL INCUMBENT AND INCOMING DIRECTORS AND OFFICERS OF THE FOUNDATION. EACH DIRECTOR AND OFFICER SHALL ANNUALLY SIGN A STATEMENT OR AFFIRM AT A MEETING OF THE BOARD OF DIRECTORS THAT HE OR SHE HAS RECEIVED A COPY OF THIS POLICY; HAS READ AND UNDERSTANDS THE POLICY; AND HAS AGREED TO COMPLY WITH THIS POLICY. EACH YEAR EACH DIRECTOR AND OFFICER SHALL FILE A STATEMENT WITH THE BOARD OF DIRECTORS THAT LISTS: (A) ANY OUTSIDE EMPLOYMENT OR CONSULTING WORK THAT COULD CONSTITUTE A CONFLICT; AND (B) ANY BOARD MEMBERSHIP OR AFFILIATION WITH OTHER ORGANIZATIONS THAT COULD CONSTITUTE A CONFLICT. EACH DIRECTOR AND OFFICER MUST ALSO LIST HIS OR HER INVESTMENTS IN ANY FOUNDATION, PARTNERSHIP, TRUST, OR FUND IN WHICH HE OR SHE, TOGETHER WITH MEMBERS OF HIS OR HER FAMILY, HAS DIRECTLY OR INDIRECTLY A GREATER THAN 35% OWNERSHIP INTEREST, REGARDLESS OF WHETHER SUCH INVESTMENTS COULD CONSTITUTE A CONFLICT.
FORM 990, PART VI, SECTION B, LINE 15	THE ORGANIZATION'S EXECUTIVE DIRECTOR IS LEASED FROM THE MANAGEMENT COMPANY, VIRTUAL INC. THE EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY MOJALOOP'S COMPENSATION COMMITTEE. THE MOJALOOP COMPENSATION COMMITTEE IS COMPOSED OF 2-3 INDEPENDENT INDIVIDUALS INCLUDING THE TREASURER AND 1-2 BOARD MEMBERS. THE RECORDED MEETINGS OF THESE INDIVIDUALS INCLUDE REVIEW OF INDIVIDUAL PERFORMANCE AGAINST GOALS AND TARGETS, CURRENT COMPENSATION FOR COMPARABLE ROLES AT COMPARABLE ORGANIZATIONS, IRS GUIDELINES FOR REASONABLE TOTAL COMPENSATION, AND OUTSIDE INDEPENDENT COMPENSATION CONSULTANTS IF NEEDED. THE FINDINGS AND RECOMMENDATIONS FROM THESE REVIEWS ARE PRESENTED TO THE FULL MOJALOOP FOUNDATION BOARD FOR CONSIDERATION AND APPROVAL.
FORM 990, PART VI, SECTION C, LINE 19	UPON REQUEST, THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.