Civic Intelligence

The Malala Fund

990 • Fiscal year 2018 • EIN 81-1397590

Apr 01, 2017 to Mar 31, 2018 • Filed on Oct 05, 2018

PO Box 53347Washington, DC 20009

(212) 705-8749

Siviq Scores

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

Liabilities / Assets

56th percentile

0.28x

Higher debt load relative to assets than 56% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.47x

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

67th percentile

9.5%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

53rd percentile

$185,127

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

83rd percentile

17%

Faster asset growth than 83% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

4th percentile

-51%

Faster revenue growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Assets

Up

$16,255,748

Up $2,324,665 (+17%) from 2017

Net Assets

Up

$11,719,065

Up $931,449 (+8.6%) from 2017

Liabilities

Up

$4,536,683

Up $1,393,216 (+44%) from 2017

Revenue

Down

$9,756,089

Down $10,057,837 (-51%) from 2017

Expenses

Down

$8,824,640

Down $251,670 (-2.8%) from 2017

Net Income

Down

$931,449

Down $9,806,167 (-91%) from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2016: $50,000Liabilities 2016: $02016Assets 2017: $13,931,083Liabilities 2017: $3,143,467Net Assets 2017: $10,787,6162017Assets 2018: $16,255,748Liabilities 2018: $4,536,683Net Assets 2018: $11,719,0652018Assets 2019: $20,229,882Liabilities 2019: $5,435,805Net Assets 2019: $14,794,0772019Assets 2020: $22,284,931Liabilities 2020: $6,710,821Net Assets 2020: $15,574,1102020Assets 2021: $27,986,421Liabilities 2021: $7,127,058Net Assets 2021: $20,859,3632021Assets 2022: $40,557,471Liabilities 2022: $11,850,141Net Assets 2022: $28,707,3302022Assets 2023: $71,574,894Liabilities 2023: $14,535,179Net Assets 2023: $57,039,7152023Assets 2024: $64,233,745Liabilities 2024: $14,395,394Net Assets 2024: $49,838,3512024Assets 2025: $54,521,948Liabilities 2025: $11,563,573Net Assets 2025: $42,958,3752025

Highlighted filing

2018

Assets$16,255,748
Liabilities$4,536,683
Net Assets$11,719,065

Operations Trend

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

$60M$40M$20M$0-$20MRevenue 2016: $50,000Expenses 2016: $0Net Income 2016: $50,0002016Revenue 2017: $19,813,926Expenses 2017: $9,076,310Net Income 2017: $10,737,6162017Revenue 2018: $9,756,089Expenses 2018: $8,824,640Net Income 2018: $931,4492018Revenue 2019: $13,242,224Expenses 2019: $10,167,334Net Income 2019: $3,074,8902019Revenue 2020: $11,468,894Expenses 2020: $10,506,753Net Income 2020: $962,1412020Revenue 2021: $16,339,930Expenses 2021: $11,053,039Net Income 2021: $5,286,8912021Revenue 2022: $29,060,686Expenses 2022: $20,849,933Net Income 2022: $8,210,7532022Revenue 2023: $55,818,336Expenses 2023: $26,643,480Net Income 2023: $29,174,8562023Revenue 2024: $17,216,455Expenses 2024: $26,271,198Net Income 2024: -$9,054,7432024Revenue 2025: $15,332,511Expenses 2025: $22,953,149Net Income 2025: -$7,620,6382025

Highlighted filing

2018

Revenue$9,756,089
Expenses$8,824,640
Net Income$931,449
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Oct 5, 2018
Return Version
2017v2.3
Gross Receipts
$9,756,089
Mission and Program Overview

Mission

The malala fund promotes girls' education and equality worldwide by working to ensure that girls everywhere have access to 12 years of free, safe, quality education.

Malala fund is working toward a world where all girls can learn for 12 years and lead without fear.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$9,061,879$8,798,136▼ $263,743
Cash and Non-Interest-Bearing Accounts$4,607,926$7,138,360▲ $2,530,434
Savings and Temporary Cash Investments$250,204$250,708▲ $504
Prepaid Expenses and Deferred Charges$11,074$39,444▲ $28,370
Total Assets$13,931,083$16,255,748▲ $2,324,665
Other Assets Total$0$29,100▲ $29,100
Liabilities
Grants Payable$3,001,813$4,190,461▲ $1,188,648
Accounts Payable and Accrued Expenses$141,654$346,222▲ $204,568
Total Liabilities$3,143,467$4,536,683▲ $1,393,216
Net Assets / Fund Balance
Temporarily Rstr Net Assets$7,931,998$8,022,081▲ $90,083
Unrestricted Net Assets$2,855,618$3,696,984▲ $841,366
Total Net Assets Fund Balance$10,787,616$11,719,065▲ $931,449
Total Liabilities and Net Assets / Fund Balance$13,931,083$16,255,748▲ $2,324,665
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eason JordanDirector of Special ProjectsFT$165,000$20,127$185,127
Taylor RoyleChief Comm. & Creative OfficerFT$138,255$15,026$153,281
Lindsay GeutschowFilm Campaign Director (until 11/17/2017)FT$133,785$9,598$143,383
Amanda CosbyBoard Secretary & COOFT$120,625$12,812$133,437
Farah MohamedCEO (from 10/1/2017)FT$69,055$62,304$131,359
Erin GoreAssociate Development DirectorFT$108,052$20,744$128,796
Philippa Lei - Interim CEOChief Programmes & Advocacy OfficerFT$37,095$87,795$124,890

Board Members and Trustees

NameTitle
Susan MccawBoard Chair
Malala YousafzaiHonorary Chairperson
Ziauddin YousafzaiHonorary Chairperson
Alaa MurabitDirector
Fayeeza NaqviDirector
Mabel Van OranjeDirector
Lynn TalientoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Geneva GlobalProgram Management Services136 E LANCHASTER AVENUE, Paoli, PA 19301$167,703
Your Part-time Controller LLCAccounting Services1500 WALNUT ST SUITE 1200, Philadelphia, PA 19102$155,643
Trilogy InteractiveTechnology ServicesPO BOX 41477, Mountain View, CA 94040$111,578
Revenue and Support

Revenue Composition

Contributions and Grants
$9,745,235
Program Service Revenue
$0
Investment Income
$10,854
Other Revenue
$0
All Other Contributions
$9,745,235
Change in Net Assets
$931,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,756,089
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$300
Total Revenue per Audited Statements
$9,756,389
Total Revenue per Form 990
$9,756,089
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$4,025,030
Other Expenses$2,565,886
Salaries, Compensation, and Employee Benefits$2,233,724
Total Fundraising Expense$761,162
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$4,025,030--$4,025,030
Other Salaries and Wages$1,113,927$227,671$301,754$1,643,352
Fees for Services Other$597,681$337,573$195,994$1,131,248
Travel$457,807$51,170$39,861$548,838
Occupancy$194,351$60,207$32,723$287,281
Other Employee Benefits$141,898$32,083$38,432$212,413
Fees for Services Accounting$107,935$60,962$35,395$204,292
Current Officers, Directors, Trustees, and Key Employees$81,361$99,369$20,416$201,146
Payroll Taxes$82,863$26,668$22,350$131,881
Fees for Services Legal$60,750$34,312$19,921$114,983
Conferences and Meetings$68,909$7,856$3,218$79,983
Office Expenses$38,610$18,257$10,963$67,830
Pension Plan Contributions$30,677$5,919$8,336$44,932
Insurance-$13,451-$13,451
Other Expenses$7,794$889$364$9,047
Total Functional Expenses$7,034,265$1,029,213$761,162$8,824,640

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,824,940
Expenses per Audited Statements$8,824,640
Total Expenses per Form 990$8,824,640
Expenses Not Reported on Form 990$300
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$4,025,030

International Compliance

Foreign grant records maintained
Yes
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
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AsiaGrants to Recipients Located in Region-00$2,028,715
EuropeGrants to Recipients Located in Region-00$1,088,107
Sub-saharan AfricaGrants to Recipients Located in Region-00$677,508
Middle East and North AfricaGrants to Recipients Located in Region-00$230,700
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
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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

Ziauddin yousafzai, honorary chairperson and cofounder, is the father of malala yousafzai, honorary chairperson and cofounder.

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

After the form 990 is prepared by the malala fund's independent audit firm, it is reviewed by the management. A final version of the form is presented to the board of directors prior to filing. The form 990 is filed with the irs following final sign off by the board of directors.

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

Every year, all malala fund board members, officers and employee in decision-making positions must sign an official statement affirming that each person has received, read and understands the organization's conflict of interest policy and fully agrees to comply with the policy. Board members, officers and key employees must disclose in writing any and all items of actual or potential conflicts of interest and this list becomes widely available to all board members and the employees necessary to track and enforce compliance. Whenever any director, officer or key employee of the organization becomes aware that the malala fund is considering a transaction that could potentially create a conflict of interest, he or she is obligated to notify the board and to disclose all material facts relating to his or her interest in the transaction. Malala fund representatives are not permitted to be involved in decisions that could raise conflict of interest concerns, either perceived or actual.

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

Per malala fund's compensation policy, in determining the compensation level for the president/ceo of the organization and other covered persons, the board of directors must defer to comparability data demonstrating the reasonableness of a proposed compensation level. This data must include documentation of compensation levels paid by similarly situation organizations for functionally comparable positions and can be pulled from independent reports and/or information obtained from irs form 990 filings of comparable organizations. The board must document how it reached its decision regarding compensation of the president/ceo and similarly covered persons, including the data on which it relied. The most recent evaluation took place in november 2017. The president/ceo of malala fund sets the compensation levels for all employees other than covered persons and does so in accordance an annual board approved budget. Malala fund employee salaries are benchmarked against two independent surveys from similar organizations with the objective of ensuring competitive compensation that is still reasonable and in keeping with malala fund's status as a charity.

Form 990, Part VI, Section C, Line 19

The malala fund's governing documents, conflict of interest policy and audited financial statements are available to the public upon request. Its audited financial statements are also available on the organization's website.

Filing and Contact Details

Filer

Filer Name
The Malala Fund
EIN
81-1397590
Phone
2127058749
Address
PO BOX 53347, WASHINGTON, DC 20009

Signing Officer

Name
Farah Mohamed
Title
Chief Executive Officer
Phone
2127058749
Signed
2018-10-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Farah Mohamed
Formed
2016
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
33
Volunteers
7

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 650N, BETHESDA, MD 20814-2930
Phone
3019519090
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional services - communication: program service expenses 16,851. Management and general expenses 9,518. Fundraising expenses 5,526. Total expenses 31,895. Professional services - digital: program service expenses 89,382. Management and general expenses 50,483. Fundraising expenses 29,311. Total expenses 169,176. Professional services - graphic design: program service expenses 13,524. Management and general expenses 7,638. Fundraising expenses 4,435. Total expenses 25,597. Professional services - media/content: program service expenses 48,304. Management and general expenses 27,282. Fundraising expenses 15,840. Total expenses 91,426. Professional services - human resources: program service expenses 65,286. Management and general expenses 36,874. Fundraising expenses 21,409. Total expenses 123,569. Professional services - other: program service expenses 3,931. Management and general expenses 2,220. Fundraising expenses 1,289. Total expenses 7,440. Professional services - programs: program service expenses 164,196. Management and general expenses 92,739. Fundraising expenses 53,844. Total expenses 310,779. Professional services - research: program service expenses 8,897. Management and general expenses 5,025. Fundraising expenses 2,917. Total expenses 16,839. Professional services- security: program service expenses 13,338. Management and general expenses 7,534. Fundraising expenses 4,374. Total expenses 25,246. Professional services - state solicitations: program service expenses 8,805. Management and general expenses 4,973. Fundraising expenses 2,887. Total expenses 16,665. Professional services - website: program service expenses 17,707. Management and general expenses 10,001. Fundraising expenses 5,806. Total expenses 33,514. Professional services - in country reps: program service expenses 147,460. Management and general expenses 83,286. Fundraising expenses 48,356. Total expenses 279,102.

Financial Statement Notes

PART X, LINE 2:

For the year ended march 31, 2018, the organization has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

Raw XML AppendixShowing 400 of 747 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.

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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt812812
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1011216
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1120744
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt129598
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1315127
IRS990/Form990PartVIISectionAGrp/PersonNm0MALALA YOUSAFZAI
IRS990/Form990PartVIISectionAGrp/PersonNm1ZIAUDDIN YOUSAFZAI
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IRS990/Form990PartVIISectionAGrp/PersonNm3LYNN TALIENTO
IRS990/Form990PartVIISectionAGrp/PersonNm4ALAA MURABIT
IRS990/Form990PartVIISectionAGrp/PersonNm5FAYEEZA NAQVI
IRS990/Form990PartVIISectionAGrp/PersonNm6MABEL VAN ORANJE
IRS990/Form990PartVIISectionAGrp/PersonNm7FARAH MOHAMED
IRS990/Form990PartVIISectionAGrp/PersonNm8AMANDA COSBY
IRS990/Form990PartVIISectionAGrp/PersonNm9TAYLOR ROYLE
IRS990/Form990PartVIISectionAGrp/PersonNm10PHILIPPA LEI - INTERIM CEO
IRS990/Form990PartVIISectionAGrp/PersonNm11ERIN GORE
IRS990/Form990PartVIISectionAGrp/PersonNm12LINDSAY GEUTSCHOW
IRS990/Form990PartVIISectionAGrp/PersonNm13EASON JORDAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
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IRS990/Form990PartVIISectionAGrp/TitleTxt0HONORARY CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt1HONORARY CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEO (FROM 10/1/2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD SECRETARY & COO
IRS990/Form990PartVIISectionAGrp/TitleTxt9CHIEF COMM. & CREATIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF PROGRAMMES & ADVOCACY OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11ASSOCIATE DEVELOPMENT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12FILM CAMPAIGN DIR (UNTIL 11/17/2017)
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR OF SPECIAL PROJECTS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
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IRS990/GrantsToOrganizationsInd00
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IRS990/GrossReceiptsAmt09756089
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0THE MALALA FUND PROMOTES GIRLS' EDUCATION AND EQUALITY WORLDWIDE BY WORKING TO ENSURE THAT GIRLS EVERYWHERE HAVE ACCESS TO TWELVE YEARS OF FREE, SAFE, QUALITY EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
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IRS990/NetAssetsOrFundBalancesEOYAmt011719065
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt014275
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt032723
IRS990/OccupancyGrp/ManagementAndGeneralAmt060207
IRS990/OccupancyGrp/ProgramServicesAmt0194351
IRS990/OccupancyGrp/TotalAmt0287281
IRS990/OfficeExpensesGrp/FundraisingAmt010963
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IRS990/OtherExpensesGrp/Desc0EQUIPMENT & SOFTWARE
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IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
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IRS990/OtherExpensesGrp/FundraisingAmt16524
IRS990/OtherExpensesGrp/FundraisingAmt2364
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED MARCH 31, 2018, THE ORGANIZATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt1230700
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt22028715
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt3677508
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2SOUTH ASIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3SUB-SAHARAN AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN REGION

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