Civic Intelligence

Malawi Talent Fund Inc.

990 • Fiscal year 2019 • EIN 46-4469650

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

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

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

73rd percentile

17%

Higher net margin than 73% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

91st percentile

$45,000

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 21.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

74th percentile

24%

Faster asset growth than 74% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

45th percentile

-1.7%

Faster revenue growth than 45% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$195,711

Up $37,392 (+24%) from 2018

Net Assets

Up

$193,530

Up $36,359 (+23%) from 2018

Liabilities

Up

$2,181

Up $1,033 (+90%) from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin73rd percentile

Revenue

Down

$208,159

Down $3,645 (-1.7%) from 2018

Expenses

Up

$171,800

Up $2,618 (+1.5%) from 2018

Net Income

Down

$36,359

Down $6,263 (-15%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2019

Assets$195,711
Liabilities$2,181
Net Assets$193,530
Open 2019 Filing

Operations Trend

Revenue Growth45th 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

2019

Revenue$208,159
Expenses$171,800
Net Income$36,359
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$220,417
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$53,590$133,091▲ $79,501
Land, Buildings, and Equipment, Net$27,500$27,500→ $0
Savings and Temporary Cash Investments$55,058$12,512▼ $42,546
Investments in Publicly Traded Securities$5,887--
Total Assets$158,319$195,711▲ $37,392
Other Assets Total$16,284$22,608▲ $6,324
Liabilities
Accounts Payable and Accrued Expenses$1,148$2,181▲ $1,033
Total Liabilities$1,148$2,181▲ $1,033
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$157,171$193,530▲ $36,359
Total Net Assets Fund Balance$157,171$193,530▲ $36,359
Total Liabilities and Net Assets / Fund Balance$158,319$195,711▲ $37,392

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,500-$27,500
Other Assets Org$2,960--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chris WeaverChairmanFT$45,000$45,000

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
$208,605
Program Service Revenue
$0
Investment Income
$2,840
Other Revenue
$-3,286
All Other Contributions
$157,112
Change in Net Assets
$36,359
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$101,637
Salaries, Compensation, and Employee Benefits$60,442
Other Expenses$9,721
Total Fundraising Expense$6,210
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$101,637--$101,637
Current Officers, Directors, Trustees, and Key Employees$36,000$4,500$4,500$45,000
Other Employee Benefits$9,600$1,200$1,200$12,000
Occupancy$6,500--$6,500
Payroll Taxes$2,754$344$344$3,442
Travel$2,105--$2,105
Office Expenses-$865-$865
Other Expenses-$85$166$85
Total Functional Expenses$158,596$6,994$6,210$171,800
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$3,286
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heritage Dinner$51,493-$22-
Total Events$51,493-$3,286$-3,286
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 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
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
2020-11-16

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 0”

Raw XML Appendix381 raw XML fields

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

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01148
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02181
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AllOtherContributionsAmt0157112
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0DAVID KIRKEY
IRS990/BooksInCareOfDetail/PhoneNum06147775007
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt05207 NORWICH ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0HILLIARD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd043026
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt053590
IRS990/CashNonInterestBearingGrp/EOYAmt0133091
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt04500
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt04500
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt036000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt045000
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt051493
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0208605
IRS990/CYGrantsAndSimilarPaidAmt0101637
IRS990/CYInvestmentIncomeAmt02840
IRS990/CYOtherExpensesAmt09721
IRS990/CYOtherRevenueAmt0-3286
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt036359
IRS990/CYSalariesCompEmpBnftPaidAmt060442
IRS990/CYTotalExpensesAmt0171800
IRS990/CYTotalFundraisingExpenseAmt06210
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0208159
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0AGRICULTURAL & BUSINESS DEVELOPMENT
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0158596
IRS990/FamilyOrBusinessRlnInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/ProgramServicesAmt0101637
IRS990/ForeignGrantsGrp/TotalAmt0101637
IRS990/ForeignOfficeInd0true
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CHRIS WEAVER
IRS990/Form990PartVIISectionAGrp/PersonNm1GREG KIELICH
IRS990/Form990PartVIISectionAGrp/PersonNm2DAVID KIRKEY
IRS990/Form990PartVIISectionAGrp/PersonNm3JOSEPH MATTERA
IRS990/Form990PartVIISectionAGrp/PersonNm4ROBERT MULVANEY
IRS990/Form990PartVIISectionAGrp/PersonNm5KURT TUNNELL
IRS990/Form990PartVIISectionAGrp/PersonNm6STEVE ULREY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt045000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingAmt051493
IRS990/FundraisingDirectExpensesAmt03286
IRS990/GainOrLossGrp/SecuritiesAmt02686
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt0101637
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt011658
IRS990/GrossReceiptsAmt0220417
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0154
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0154
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt05887
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt027500
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027500
IRS990/LandBldgEquipCostOrOtherBssAmt027500
IRS990/LegalDomicileStateCd0OH
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08972
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0true
IRS990/NetAssetsOrFundBalancesBOYAmt0157171
IRS990/NetAssetsOrFundBalancesEOYAmt0193530
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt02686
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02686
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-3286
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-3286
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0157171
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0193530
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt06500
IRS990/OccupancyGrp/TotalAmt06500
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0865
IRS990/OfficeExpensesGrp/TotalAmt0865
IRS990/OfficerMailingAddressInd0true
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016284
IRS990/OtherAssetsTotalGrp/EOYAmt022608
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01200
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01200
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt09600
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012000
IRS990/OtherExpensesGrp/Desc0PAYPAL
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt0166
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt085
IRS990/OtherExpensesGrp/TotalAmt0166
IRS990/OtherExpensesGrp/TotalAmt185
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0344
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0344
IRS990/PayrollTaxesGrp/ProgramServicesAmt02754
IRS990/PayrollTaxesGrp/TotalAmt03442
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0CHRIS WEAVER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0215488
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0103703
IRS990/PYInvestmentIncomeAmt0556
IRS990/PYOtherExpensesAmt013269
IRS990/PYOtherRevenueAmt0-4240
IRS990/PYRevenuesLessExpensesAmt042622
IRS990/PYSalariesCompEmpBnftPaidAmt052210
IRS990/PYTotalExpensesAmt0169182
IRS990/PYTotalRevenueAmt0211804
IRS990/ReconcilationRevenueExpnssAmt036359
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt055058
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012512
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0208605
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0215488
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0162551
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0134650
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt064800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0786094
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0556
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0610
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0556
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0610
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt0786094
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0208605
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0215488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0162551
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0134650
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt064800
IRS990ScheduleA/Total509Grp/TotalAmt0786094
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0208605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0216044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0162596
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0134658
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt064801
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0786704
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt027500
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt019648
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt12960
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNDEPOSITED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAYROLL ADVANCE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027500
IRS990ScheduleD/TotalBookValueOtherAssetsAmt022608
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0101637
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt051493
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt051493
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03286
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HERITAGE DINNER
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03264
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt03264
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt051493
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt051493
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-3286
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt022
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt022
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 0
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0158319
IRS990/TotalAssetsEOYAmt0195711
IRS990/TotalAssetsGrp/BOYAmt0158319
IRS990/TotalAssetsGrp/EOYAmt0195711
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0208605
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06210
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt06994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0158596
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171800
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01148
IRS990/TotalLiabilitiesEOYAmt02181
IRS990/TotalLiabilitiesGrp/BOYAmt01148
IRS990/TotalLiabilitiesGrp/EOYAmt02181
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0157171
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0193530
IRS990/TotalProgramServiceExpensesAmt0158596
IRS990/TotalReportableCompFromOrgAmt045000
IRS990/TotalRevenueGrp/ExclusionAmt0-3132
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02686
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0208159
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0158319
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0195711
IRS990/TravelGrp/ProgramServicesAmt02105
IRS990/TravelGrp/TotalAmt02105
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID KIRKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06147775007
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-16
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/AtSubmissionCreationDeviceId019B975619C267010F690FC37992726F01C5DF687
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D45C4A44F10B5352DD2552BCB7B27BEB99226B55
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.38.98.93
ReturnHeader/FilingSecurityInformation/IPDt02020-11-16
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:06:47
ReturnHeader/ReturnTs02020-11-16T10:06:47-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$195,711
Liabilities
$2,181
Net assets
$193,530
Revenue
$208,159
Expenses
$171,800
Net income
$36,359
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