Civic Intelligence

Malawi Talent Fund Inc.

990 • Fiscal year 2020 • EIN 46-4469650

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

60th percentile

0.01x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

60th percentile

0.01x

Higher debt load relative to revenue than 60% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

72nd percentile

22%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

91st percentile

$47,750

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

73rd percentile

30%

Faster asset growth than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

27%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$255,248

Up $59,537 (+30%) from 2019

Net Assets

Up

$253,411

Up $59,881 (+31%) from 2019

Liabilities

Down

$1,837

Down $344 (-16%) from 2019

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin72nd percentile

Revenue

Up

$263,713

Up $55,554 (+27%) from 2019

Expenses

Up

$204,432

Up $32,632 (+19%) from 2019

Net Income

Up

$59,281

Up $22,922 (+63%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth73rd 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

2020

Assets$255,248
Liabilities$1,837
Net Assets$253,411
Open 2020 Filing

Operations Trend

Revenue Growth82nd 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

2020

Revenue$263,713
Expenses$204,432
Net Income$59,281
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$263,713
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$133,091$169,741▲ $36,650
Land, Buildings, and Equipment, Net$27,500$32,743▲ $5,243
Savings and Temporary Cash Investments$12,512$12,549▲ $37
Investments in Publicly Traded Securities-$5,183-
Total Assets$195,711$255,248▲ $59,537
Other Assets Total$22,608$35,032▲ $12,424
Liabilities
Accounts Payable and Accrued Expenses$2,181$1,837▼ $344
Total Liabilities$2,181$1,837▼ $344
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$193,530$253,411▲ $59,881
Total Net Assets Fund Balance$193,530$253,411▲ $59,881
Total Liabilities and Net Assets / Fund Balance$195,711$255,248▲ $59,537

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$32,743-$32,743
Other Assets Org$8,312--
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Chris WeaverChairmanFT$47,750$47,750

Board Members and Trustees

NameTitle
Robert MulvaneyPresident
Daniel PerkeyDirector
Greg KielichDirector
Joseph MatteraDirector
Steve UlreyDirector
Julie TunnellSecretary
David KirkeyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$263,676
Program Service Revenue
$0
Investment Income
$37
Other Revenue
$0
All Other Contributions
$263,676
Change in Net Assets
$59,281
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$129,495
Salaries, Compensation, and Employee Benefits$51,403
Other Expenses$23,534
Total Fundraising Expense$5,218
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$129,495--$129,495
Current Officers, Directors, Trustees, and Key Employees$38,200$4,775$4,775$47,750
Occupancy$9,150--$9,150
Travel$7,583--$7,583
Payroll Taxes$2,923$365$365$3,653
Insurance$3,138--$3,138
Office Expenses-$2,451-$2,451
Other Expenses-$5$78$5
Total Functional Expenses$190,489$8,725$5,218$204,432
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
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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”

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
2021-11-12

Organization Details

Principal Officer
Chris Weaver
Formed
2013
Legal Domicile
Oh
Voting Board Members
8
Independent Board Members
7
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 appreciation 600 unrealized loss on investments 0 total 600”

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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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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0134650
IRS990ScheduleA/Total509Grp/TotalAmt0984970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0263714
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0209970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0216044
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0162596
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0134658
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0986982
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/BookValueAmt032743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt032743
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt026720
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18312
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0UNDEPOSITED FUNDS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PAYROLL ADVANCE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032743
IRS990ScheduleD/TotalBookValueOtherAssetsAmt035032
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IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0false
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0129495
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0CASH
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/TransferToForeignCorpInd0false
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
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 APPRECIATION 600 UNREALIZED LOSS ON INVESTMENTS 0 TOTAL 600
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/TotalAssetsBOYAmt0195711
IRS990/TotalAssetsEOYAmt0255248
IRS990/TotalAssetsGrp/BOYAmt0195711
IRS990/TotalAssetsGrp/EOYAmt0255248
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0263676
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05218
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08725
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190489
IRS990/TotalFunctionalExpensesGrp/TotalAmt0204432
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02181
IRS990/TotalLiabilitiesEOYAmt01837
IRS990/TotalLiabilitiesGrp/BOYAmt02181
IRS990/TotalLiabilitiesGrp/EOYAmt01837
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0193530
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0253411
IRS990/TotalProgramServiceExpensesAmt0190489
IRS990/TotalReportableCompFromOrgAmt047750
IRS990/TotalRevenueGrp/ExclusionAmt037
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0263713
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0195711
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0255248
IRS990/TravelGrp/ProgramServicesAmt07583
IRS990/TravelGrp/TotalAmt07583
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt05207 NORWICH ST
IRS990/USAddress/CityNm0HILLIARD
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043026
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.MALAWITALENTFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID KIRKEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06147775007
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-12
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/ReturnTs02021-11-12T14:47:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DAVID
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KIRKEY
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$255,248
Liabilities
$1,837
Net assets
$253,411
Revenue
$263,713
Expenses
$204,432
Net income
$59,281
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