Civic Intelligence

Mwebaza Foundation Inc

990 • Fiscal year 2023 • EIN 26-2254563

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

1103 Collyer StreetLongmont, CO 80501

(720) 438-8658

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Higher debt load relative to assets than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

58th percentile

7.9%

Higher net margin than 58% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$79,874

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 15.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

52nd percentile

5.3%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

194%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,578,597

Up $79,675 (+5.3%) from 2022

Net Assets

Up

$1,578,453

Up $79,675 (+5.3%) from 2022

Liabilities

Flat

$144

Flat from 2022

Revenue

Up

$518,750

Up $342,112 (+194%) from 2022

Expenses

Up

$477,599

Up $58,993 (+14%) from 2022

Net Income

Up

$41,151

Up $283,119 (+117%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2019: $1,193,496Liabilities 2019: $143Net Assets 2019: $1,193,3532019Assets 2020: $1,329,652Liabilities 2020: $143Net Assets 2020: $1,329,5092020Assets 2021: $1,692,901Liabilities 2021: $143Net Assets 2021: $1,692,7582021Assets 2022: $1,498,922Liabilities 2022: $144Net Assets 2022: $1,498,7782022Assets 2023: $1,578,597Liabilities 2023: $144Net Assets 2023: $1,578,4532023Assets 2024: $3,293,782Liabilities 2024: $144Net Assets 2024: $3,293,6382024

Highlighted filing

2023

Assets$1,578,597
Liabilities$144
Net Assets$1,578,453

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2019: $1,295,574Expenses 2019: $239,965Net Income 2019: $1,055,6092019Revenue 2020: $208,413Expenses 2020: $233,184Net Income 2020: -$24,7712020Revenue 2021: $535,316Expenses 2021: $342,527Net Income 2021: $192,7892021Revenue 2022: $176,638Expenses 2022: $418,606Net Income 2022: -$241,9682022Revenue 2023: $518,750Expenses 2023: $477,599Net Income 2023: $41,1512023Revenue 2024: $1,855,232Expenses 2024: $530,284Net Income 2024: $1,324,9482024

Highlighted filing

2023

Revenue$518,750
Expenses$477,599
Net Income$41,151
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$518,750
Mission and Program Overview

Mission

The Mwebaza Foundation's mission is to enhance the relationships among our Colorado and African partner schools through cross-cultural exchange and service learning that enhances educational opportunities, fosters a healthy learning environment, and promotes self sufficiency. Through the Mwebaza Foundation, our Colorado partner schools and their communities raise funds to help with various and specific needs of our African partner schools.

We create new pathways that inspire global citizenship and foster sustainable change through cross-cultural education and investment in social enterprise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,498,778$1,578,453▲ $79,675
Investments Other Securities$1,443,746$1,510,400▲ $66,654
Cash and Non-Interest-Bearing Accounts$55,176$68,197▲ $13,021
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,498,922$1,578,597▲ $79,675
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$195$195→ $0
Other Liabilities$-51$-51→ $0
Total Liabilities$144$144→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,498,778$1,578,453▲ $79,675
Total Liabilities and Net Assets / Fund Balance$1,498,922$1,578,597▲ $79,675

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023-$45,000--$45,000
2022-$315--$315
2021-$2,333--$2,333
2020--▲ $30,192-$29,711
2019-$1,040,000▲ $59,390$40,000$1,057,268
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Devaki DouillardExecutive DirectorFT$79,874$79,874
Hillari HansenSchool Development DirectorFT$39,312$39,312
Abigail ScottCreative DirectorFT$26,000$26,000

Board Members and Trustees

NameTitle
Amanda WoodwardChair Elect
Dale PetersonChair Emeritus
Kaylyn ThuesonChairChair Emer
Julie MeyersDirector
Nelle GallegosDirector
Mike KepplerFinancial Director
Johnathan NatterstadFundraising Director
Sharon KalenziMarketing Director
Nicole TembrockEducation Direc
Jennifer NovickTreasurer
Jon NovickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$259,896
Program Service Revenue
$193
Investment Income
$225,323
Other Revenue
$33,338
All Other Contributions
$259,896
Change in Net Assets
$41,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$314,618
Salaries, Compensation, and Employee Benefits$162,981
Total Fundraising Expense$4,251
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$69,453$44,570-$114,023
Travel$27,227$41,003-$68,230
Payroll Taxes-$44,742-$44,742
All Other Expenses$12,136$10,487$4,251$26,874
Other Expenses$2,864$6,174-$9,038
Fees for Service Investment Mgmnt Fees-$7,445-$7,445
Other Employee Benefits-$4,216-$4,216
Fees for Services Other$2,864$1,090-$3,954
Fees for Services Legal-$1,840-$1,840
Insurance-$1,163-$1,163
Information Technology$126$20-$146
Advertising-$95-$95
Total Functional Expenses$159,279$314,069$4,251$477,599
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$32,768
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jog-a-thon$22,555$22,555-$22,555
House Party$10,213$10,213-$10,213
Total Events$32,768$32,768-$32,768
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

The Co-Treasurers, Jon and Jennifer Novick, are non-voting officers in the organization. They agreed to take on this role for the organization, but preferred not to have the extra responsibilities that come with being voting members. As confirmed by the Mwebaza lawyer, the by-laws of Mwebaza do not require the Treasuer(s) to be a voting position. The Vice President, Nicole Tembrock, and another board member, Amanda Woodward are related as Amanda's husband is Nicole's brother.

Form 990, Part VI, Section B, Line 11B

The 990 is posted online in Trello for all board members to access. The Board is informed by email when the 990 is online and ready for review. After they review they are encouraged to provide feedback.

Form 990, Part VI, Section B, Line 12C

All board members have signed the Conflict of Interest Policy. The purpose the of the policy was reviewed with members so they understand it. All board members have access to a copy of the Conflict of Interest Policy on Trello.

Form 990, Part VI, Section B, Line 15A

The salary for the Executive Director was determined after conducting research about the compensation for persons with this title or persons in a similiar position for an organization with a similiar size as Mwebaza. It was determined for her salary to be in the middle range of the researched continuum due to her skills and experience. The Memorandum of Understanding used to hire our Executive Director was reviewed by our lawyer as well as a Certified Financial Planner. The Memorandum of Understanding includes salary information.

Form 990, Part VI, Section C, Line 18

The form is made available to the public on Guidestar, the Mwebaza website, www.mwebaza.org ,and on ColoradoGives.org. They are also available by request. The governing documents, including the by-laws and Conflict of Interest policy. are available on the website. ColoradoGives.org also has verification on their website that we possess a Certificate of Good Standing with the State of Colorado.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Mwebaza Foundation Inc
EIN
26-2254563
Phone
7204388658
Address
1103 Collyer Street, Longmont, CO 80501

Signing Officer

Name
Kaylyn Thueson
Title
Chair Emeritus
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kaylyn Thueson
Formed
2008
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
150

Preparer

Firm
Nfp Partners
Address
3570 E 12TH AVE, DENVER, CO 80206
Preparer
Stephanie Underwood
Phone
3037755620
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