MOJALOOP FOUNDATION INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: MOJALOOP FOUNDATION INC (EIN 85-0922903)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-06
IRS object ID: 202513109349304551
Schema version: 2024v5.2
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	2025-11-06T17:00:18-06:00	ReturnTs
Tax Period End	2024-12-31	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	2024-01-01	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	2025-11-06	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	ADAM KUCZYNSKI CPA	PreparerPersonNm
PTIN	P01560606	PTIN
Phone	7035190990	PhoneNum
Preparation	2025-11-06	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	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	$5,455,729	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	4	VotingMembersGoverningBodyCnt
Voting Members Independent	4	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	50	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$4,713,288	PYContributionsGrantsAmt
CY Contributions Grants	$4,862,450	CYContributionsGrantsAmt
PY Program Service Revenue	$705,833	PYProgramServiceRevenueAmt
CY Program Service Revenue	$556,110	CYProgramServiceRevenueAmt
PY Investment Income	$0	PYInvestmentIncomeAmt
CY Investment Income	$37,169	CYInvestmentIncomeAmt
PY Other Revenue	$0	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$5,419,121	PYTotalRevenueAmt
CY Total Revenue	$5,455,729	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	$205,394	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,298,876	PYOtherExpensesAmt
CY Other Expenses	$4,489,624	CYOtherExpensesAmt
PY Total Expenses	$3,298,876	PYTotalExpensesAmt
CY Total Expenses	$4,489,624	CYTotalExpensesAmt
PY Revenues Less Expenses	$2,120,245	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$966,105	CYRevenuesLessExpensesAmt
Total Assets BOY	$4,731,812	TotalAssetsBOYAmt
Total Assets EOY	$5,553,280	TotalAssetsEOYAmt
Total Liabilities BOY	$535,924	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$391,287	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$4,195,888	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$5,161,993	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	$3,579,932	ExpenseAmt
Grant	$0	GrantAmt
Revenue	$556,110	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	$3,579,932	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	6	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	4	GoverningBodyVotingMembersCnt
Independent Voting Member	4	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 (6 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
MILLER ABEL
DIRECTOR	1.00	Yes (X)		$0	$0	$0
KEN WEBER
DIRECTOR (THRU AUG 2024)	1.00	Yes (X)		$0	$0	$0
PAULA HUNTER
EXECUTIVE DIRECTOR & SECRETARY	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	Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm
VIRTUAL INC
401 EDGEWATER PLACE STE 600	WAKEFIELD	MA	01880	MANAGEMENT & ACCOUNTING SERVICES	$728,784
STRANGE LANDS LTD
				SOFTWARE ENGINEERING CONSULTANCY	$312,699	MANSION HOUSE MANCHESTER ROAD	CHESHIRE	UK	WA14 4RW
SAM KUMMARY
				TECHNICAL DIRECTOR	$268,000	APARNA CYBER LIFE H BLOCK 606 NALL	SERILINGAMPALLY HYDERABAD	IN	500019	TELANGANA
STEVE HALEY
8025 SW LAURELWOOD CO	PORTLAND	OR	97225	DIRECTOR MARKET DEVELOPMENT AND PARTNERS	$243,750
VICTOR MALU
				TECHNICAL SALES TEAM	$219,092	KAREN ROAD MITINI ESTATE NO9		KE		NAIROBI

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	13	CntrctRcvdGreaterThan100KCnt
All Other Contributions	$4,862,450	AllOtherContributionsAmt
Total Contributions	$4,862,450	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES	813920	$555,417	$555,417
EVENTS	561920	$693	$693

Field	Value	IRS element (for citing)
Total Program Service Revenue	$556,110	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$37,169	TotalRevenueColumnAmt
Exclusion	$37,169	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,455,729	TotalRevenueColumnAmt
Related Or Exempt Func Income	$556,110	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$37,169	ExclusionAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part IX	Yes (X)	InfoInScheduleOPartIXInd

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$573,615	TotalAmt
Program Services	$458,892	ProgramServicesAmt
Management And General	$86,042	ManagementAndGeneralAmt
Fundraising	$28,681	FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$23,357	TotalAmt
Management And General	$23,357	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$2,200	TotalAmt
Management And General	$2,200	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$2,317,572	TotalAmt
Program Services	$1,854,057	ProgramServicesAmt
Management And General	$347,636	ManagementAndGeneralAmt
Fundraising	$115,879	FundraisingAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$500,107	TotalAmt
Program Services	$400,086	ProgramServicesAmt
Management And General	$75,016	ManagementAndGeneralAmt
Fundraising	$25,005	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$36,591	TotalAmt
Program Services	$29,273	ProgramServicesAmt
Management And General	$7,318	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$265,978	TotalAmt
Program Services	$212,782	ProgramServicesAmt
Management And General	$53,196	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$347,393	TotalAmt
Program Services	$277,914	ProgramServicesAmt
Management And General	$52,109	ManagementAndGeneralAmt
Fundraising	$17,370	FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$345,188	TotalAmt
Program Services	$276,151	ProgramServicesAmt
Management And General	$51,778	ManagementAndGeneralAmt
Fundraising	$17,259	FundraisingAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,754	TotalAmt
Program Services	$2,203	ProgramServicesAmt
Management And General	$551	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	$43,394	$43,394
MEMBERSHIP OPERATIONS	$24,000	$19,200	$3,600	$1,200

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$4,489,624	TotalAmt
Program Services	$3,579,932	ProgramServicesAmt
Management And General	$704,298	ManagementAndGeneralAmt
Fundraising	$205,394	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$4,675,418	BOYAmt
EOY	$3,872,847	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$1,537,159	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$10,000	BOYAmt
EOY	$3,129	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$16,572	BOYAmt
EOY	$107,363	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$15,674	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$3,892	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$8,822	BOYAmt
EOY	$11,782	EOYAmt

Other Assets Total OtherAssetsTotalGrp

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

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$4,731,812	BOYAmt
EOY	$5,553,280	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$258,007	BOYAmt
EOY	$248,787	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$277,917	BOYAmt
EOY	$142,500	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$535,924	BOYAmt
EOY	$391,287	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	$4,195,888	BOYAmt
EOY	$2,475,322	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$2,686,671	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,195,888	BOYAmt
EOY	$5,161,993	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$4,731,812	BOYAmt
EOY	$5,553,280	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$966,105	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 Minus4 Years	$1,605,721	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,582,633	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,254,793	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,713,287	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,862,450	CurrentTaxYearAmt
Total	$17,018,884	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,605,721	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,582,633	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$2,254,793	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$4,713,287	CurrentTaxYearMinus1YearAmt
Current Tax Year	$4,862,450	CurrentTaxYearAmt
Total	$17,018,884	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$11,833,444	SubstantialContributorsTotAmt
Public Support Total170	$5,185,440	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year	$37,169	CurrentTaxYearAmt
Total	$37,169	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$17,056,053	TotalSupportAmt
Gross Receipts Rltd Activities	$2,059,444	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	$15,674	OtherCostOrOtherBasisAmt
Depreciation	$3,892	DepreciationAmt
Book Value	$11,782	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$11,782	TotalBookValueLandBuildingsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 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. VIRTUAL INC. WAS COMPENSATED $728,784 FOR MANAGEMENT AND OTHER SERVICES PROVIDED TO THE ORGANZIATION IN 2024.
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.
FORM 990, PART IX, LINE 11G	OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,854,057. MANAGEMENT AND GENERAL EXPENSES 347,636. FUNDRAISING EXPENSES 115,879. TOTAL EXPENSES 2,317,572.