Civic Intelligence

Malawi Talent Fund Inc.

990 • Fiscal year 2018 • EIN 46-4469650

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

Organization ProfileWWW.MALAWITALENTFUND.ORG
5207 Norwich StHilliard, OH 43026

(614) 777-5007

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$48,500

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 22.9% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

80th percentile

36%

Faster asset growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

33%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Up

$158,319

Up $41,786 (+36%) from 2017

Net Assets

$157,171

No earlier filing loaded for comparison.

Liabilities

Flat

$1,148

Flat from 2017

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin76th percentile

Revenue

Up

$211,804

Up $52,051 (+33%) from 2017

Expenses

Down

$169,182

Down $19,490 (-10%) from 2017

Net Income

Up

$42,622

Up $71,541 (+247%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$600K$400K$200K$0Assets 2016: $145,946Liabilities 2016: $1,8362016Assets 2017: $116,533Liabilities 2017: $1,1482017Assets 2018: $158,319Liabilities 2018: $1,148Net Assets 2018: $157,1712018Assets 2019: $195,711Liabilities 2019: $2,181Net Assets 2019: $193,5302019Assets 2020: $255,248Liabilities 2020: $1,837Net Assets 2020: $253,4112020Assets 2021: $482,645Liabilities 2021: $1,607Net Assets 2021: $481,0382021Assets 2022: $527,232Liabilities 2022: $1,148Net Assets 2022: $526,0842022Assets 2023: $390,526Liabilities 2023: $353Net Assets 2023: $390,1732023Assets 2024: $337,070Liabilities 2024: $0Net Assets 2024: $337,0702024

Highlighted filing

2018

Assets$158,319
Liabilities$1,148
Net Assets$157,171
Open 2018 Filing

Operations Trend

Revenue Growth80th percentile

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

$600K$400K$200K$0-$200KRevenue 2016: $134,658Expenses 2016: $60,722Net Income 2016: $73,9362016Revenue 2017: $159,753Expenses 2017: $188,672Net Income 2017: -$28,9192017Revenue 2018: $211,804Expenses 2018: $169,182Net Income 2018: $42,6222018Revenue 2019: $208,159Expenses 2019: $171,800Net Income 2019: $36,3592019Revenue 2020: $263,713Expenses 2020: $204,432Net Income 2020: $59,2812020Revenue 2021: $368,888Expenses 2021: $145,870Net Income 2021: $223,0182021Revenue 2022: $262,149Expenses 2022: $200,844Net Income 2022: $61,3052022Revenue 2023: $307,961Expenses 2023: $467,312Net Income 2023: -$159,3512023Revenue 2024: $130,504Expenses 2024: $199,470Net Income 2024: -$68,9662024

Highlighted filing

2018

Revenue$211,804
Expenses$169,182
Net Income$42,622
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$216,044
Mission and Program Overview

Mission

The organization will primarily conduct fund raising in the us in order to support the mission in malawi, africa. In malawi, the organization will focus on the providing training, guidance and encouragement for local individuals who are interested in starting small businesses with the ability to grow and employee others. The broad goal is to help solve the country's huge problem of unemployment and reduce its dependence on foreign aid by encouraging entrepreneurship. Malawi talent fund will have no ownership or economic benefit from the activities. It will just be there to help others succeed. Mtf may provide micro-loans to small business to help them get started, but loans are expected to be repaid with interest under written terms.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$81,954$108,648▲ $26,694
Land, Buildings, and Equipment, Net$27,500$27,500→ $0
Investments in Publicly Traded Securities-$5,887-
Total Assets$116,533$158,319▲ $41,786
Other Assets Total$7,079$16,284▲ $9,205
Liabilities
Accounts Payable and Accrued Expenses$1,148$1,148→ $0
Total Liabilities$1,148$1,148→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$115,385$157,171▲ $41,786
Total Net Assets Fund Balance$115,385$157,171▲ $41,786
Total Liabilities and Net Assets / Fund Balance$116,533$158,319▲ $41,786

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,500-$27,500
Other Assets Org$16,284--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chris WeaverChairmanFT$48,500$48,500

Board Members and Trustees

NameTitle
Robert MulvaneyPresident
Greg KielichDirector
Kurt TunnellDirector
Steve UlreyDirector
Joseph MatteraSecretary
David KirkeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$215,488
Program Service Revenue
$0
Investment Income
$556
Other Revenue
$-4,240
All Other Contributions
$107,703
Change in Net Assets
$42,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$103,703
Salaries, Compensation, and Employee Benefits$52,210
Other Expenses$13,269
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$103,703--$103,703
Other Salaries and Wages$48,500--$48,500
Travel$8,200--$8,200
Other Expenses$4,810--$4,810
Payroll Taxes$3,710--$3,710
Insurance$259--$259
Total Functional Expenses$169,182$0$0$169,182
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$4,240
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heritage Dinner$107,785---
Total Events$107,785-$4,240$-4,240
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“Chris weaver 5207 norwich st hilliard, oh 43026 kurt tunnell 5207 norwich st hilliard, oh 43026”

Form 990, Page 6, Part VI, Line 11B

“The organization's treasurer is a cpa who prepared the form 990 pro bono.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Malawi Talent Fund Inc
EIN
46-4469650
Phone
6147775007
Address
5207 NORWICH ST, HILLIARD, OH 43026

Signing Officer

Name
David Kirkey
Title
Treasurer
Phone
6147775007
Signed
2019-11-12

Organization Details

Principal Officer
Chris Weaver
Formed
2013
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
6
Employees
1
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization will primarily conduct fund raising in the us in order to support the mission in malawi, africa. In malawi, the organization will focus on the providing training, guidance and encouragement for local individuals who are interested in starting small businesses with the ability to grow and employee others. The broad goal is to help solve the country's huge problem of unemployment and reduce its dependence on foreign aid by encouraging entrepreneurship. Malawi talent fund will have no ownership or economic benefit from the activities. It will just be there to help others succeed. Mtf may provide micro-loans to small business to help them get started, but loans are expected to be repaid with interest under written terms.”

Form 990, Part XI, Line 9

“Unrealized loss on investments -836”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0107785
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0107785
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt04240
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HERITAGE DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt04240
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt04240
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0107785
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0107785
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4240
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WILL PRIMARILY CONDUCT FUND RAISING IN THE US IN ORDER TO SUPPORT THE MISSION IN MALAWI, AFRICA. IN MALAWI, THE ORGANIZATION WILL FOCUS ON THE PROVIDING TRAINING, GUIDANCE AND ENCOURAGEMENT FOR LOCAL INDIVIDUALS WHO ARE INTERESTED IN STARTING SMALL BUSINESSES WITH THE ABILITY TO GROW AND EMPLOYEE OTHERS. THE BROAD GOAL IS TO HELP SOLVE THE COUNTRY'S HUGE PROBLEM OF UNEMPLOYMENT AND REDUCE ITS DEPENDENCE ON FOREIGN AID BY ENCOURAGING ENTREPRENEURSHIP. MALAWI TALENT FUND WILL HAVE NO OWNERSHIP OR ECONOMIC BENEFIT FROM THE ACTIVITIES. IT WILL JUST BE THERE TO HELP OTHERS SUCCEED. MTF MAY PROVIDE MICRO-LOANS TO SMALL BUSINESS TO HELP THEM GET STARTED, BUT LOANS ARE EXPECTED TO BE REPAID WITH INTEREST UNDER WRITTEN TERMS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CHRIS WEAVER 5207 NORWICH ST HILLIARD, OH 43026 KURT TUNNELL 5207 NORWICH ST HILLIARD, OH 43026
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S TREASURER IS A CPA WHO PREPARED THE FORM 990 PRO BONO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED LOSS ON INVESTMENTS -836
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0116533
IRS990/TotalAssetsEOYAmt0158319
IRS990/TotalAssetsGrp/BOYAmt0116533
IRS990/TotalAssetsGrp/EOYAmt0158319
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0215488
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0169182
IRS990/TotalFunctionalExpensesGrp/TotalAmt0169182
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01148
IRS990/TotalLiabilitiesEOYAmt01148
IRS990/TotalLiabilitiesGrp/BOYAmt01148
IRS990/TotalLiabilitiesGrp/EOYAmt01148
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0115385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0157171
IRS990/TotalProgramServiceExpensesAmt0169182
IRS990/TotalReportableCompFromOrgAmt048500
IRS990/TotalRevenueGrp/ExclusionAmt0-3684
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0211804
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0116533
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0158319
IRS990/TravelGrp/ProgramServicesAmt08200
IRS990/TravelGrp/TotalAmt08200
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0115385
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0157171
IRS990/USAddress/AddressLine1Txt05207 NORWICH ST
IRS990/USAddress/CityNm0HILLIARD
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043026
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.MALAWITALENTFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID KIRKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06147775007
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MALAWI TALENT FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MALA
ReturnHeader/Filer/EIN0464469650
ReturnHeader/Filer/PhoneNum06147775007
ReturnHeader/Filer/USAddress/AddressLine1Txt05207 NORWICH ST
ReturnHeader/Filer/USAddress/CityNm0HILLIARD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd043026
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId09A8A753153639AA95EF16269CE8E9BDC216841C5
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0FABD330154D57F3C6ED5618783D4B871529B49E4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02019-11-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm016:09:07
ReturnHeader/ReturnTs02019-11-11T16:09:07-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$158,319
Liabilities
$1,148
Net assets
$157,171
Revenue
$211,804
Expenses
$169,182
Net income
$42,622
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.00$3.37$1.31$1.99$0.69
2023Detailed filing. Detailed filing data is available for this year.$3.91$0.00$3.90$3.08$4.67$1.59
2022Detailed filing. Detailed filing data is available for this year.$5.27$0.01$5.26$2.62$2.01$0.61
2021Detailed filing. Detailed filing data is available for this year.$4.83$0.02$4.81$3.69$1.46$2.23
2020Detailed filing. Detailed filing data is available for this year.$2.55$0.02$2.53$2.64$2.04$0.59
2019Detailed filing. Detailed filing data is available for this year.$1.96$0.02$1.94$2.08$1.72$0.36
2018Detailed filing. Detailed filing data is available for this year.$1.58$0.01$1.57$2.12$1.69$0.43
2017Summary only. Only limited summary data is available for this year.$1.17$0.01$1.60$1.89$0.29
2016Summary only. Only limited summary data is available for this year.$1.46$0.02$1.35$0.61$0.74