Civic Intelligence

Malengo Inc.

990 • Fiscal year 2023 • EIN 87-4081681

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

8 The Green 4000Dover, DE 19901

(617) 360-1605

Siviq Scores

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

Liabilities / Assets

95th percentile

1.15x

Higher debt load relative to assets than 95% of similar nonprofits.

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

Liabilities / Revenue

95th percentile

3.75x

Higher debt load relative to revenue than 95% of similar nonprofits.

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

Net Margin

3rd percentile

-137%

Higher net margin than 3% of similar nonprofits.

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

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

98th percentile

270%

Faster asset growth than 98% of similar nonprofits.

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

Revenue Growth

20th percentile

-16%

Faster revenue growth than 20% of similar nonprofits.

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

Assets

Up

$3,490,934

Up $2,546,236 (+270%) from 2022

Net Assets

Down

-$521,797

Down $1,466,495 (-155%) from 2022

Liabilities

Up

$4,012,731

Up $4,012,731 from 2022

Revenue

Down

$1,070,648

Down $205,520 (-16%) from 2022

Expenses

Up

$2,537,143

Up $2,205,673 (+665%) from 2022

Net Income

Down

-$1,466,495

Down $2,411,193 (-255%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2022: $944,698Liabilities 2022: $0Net Assets 2022: $944,6982022Assets 2023: $3,490,934Liabilities 2023: $4,012,731Net Assets 2023: -$521,7972023Assets 2024: $38,321Liabilities 2024: $494,714Net Assets 2024: -$456,3932024

Highlighted filing

2023

Assets$3,490,934
Liabilities$4,012,731
Net Assets-$521,797

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2022: $1,276,168Expenses 2022: $331,470Net Income 2022: $944,6982022Revenue 2023: $1,070,648Expenses 2023: $2,537,143Net Income 2023: -$1,466,4952023Revenue 2024: $1,139,171Expenses 2024: $1,068,384Net Income 2024: $70,7872024

Highlighted filing

2023

Revenue$1,070,648
Expenses$2,537,143
Net Income-$1,466,495
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,070,648
Mission and Program Overview

Mission

Malengo facilitates international educational migration in pursuit of poverty alleviation.

To facilitate international educational migration in pursuit of poverty alleviation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$3,110,169-
Cash and Non-Interest-Bearing Accounts$944,698$367,796▼ $576,902
Accounts Receivable-$12,969-
Total Assets$944,698$3,490,934▲ $2,546,236
Liabilities
Deferred Revenue-$3,461,160-
Accounts Payable and Accrued Expenses-$551,571-
Total Liabilities$0$4,012,731▲ $4,012,731
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$944,698$-521,797▼ $1,466,495
Total Net Assets Fund Balance$944,698$-521,797▼ $1,466,495
Total Liabilities and Net Assets / Fund Balance$944,698$3,490,934▲ $2,546,236
Compensation and Service Providers

Board Members and Trustees

NameTitle
Johannes HaushoferCEO, Chair of the Board & Treasurer
Marcello Perez-alvarezBoard Director
Jessica Harrison FullertonCOO
Merve DemirelSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Busara Center For Behavioral EconomicsResearch28 SPRING STREET 193, Princeton, NJ 08542$404,105
Global Development Incubator INCAdvisory/implementation Support1401 K STREET NW STE 900, Washington, DC 20005$291,382
Revenue and Support

Revenue Composition

Contributions and Grants
$1,057,677
Program Service Revenue
$0
Investment Income
$12,971
Other Revenue
$0
All Other Contributions
$1,057,677
Change in Net Assets
$-1,466,495
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,505,331
Grants and Similar Amounts Paid$1,031,812
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,031,812--$1,031,812
Fees for Services Other$224,904$736,755-$961,659
Office Expenses$254,894$8,580-$263,474
Fees for Services Legal-$71,132-$71,132
Information Technology-$30,374-$30,374
Conferences and Meetings$21,981--$21,981
Travel$19,762$160-$19,922
Fees for Services Accounting-$3,605-$3,605
Other Expenses$128,205$702-$702
Total Functional Expenses$1,681,558$855,585$0$2,537,143
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,435,917

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
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumGrantmakingMarketing of Programs, Selection and Preparation of Scholars.00$1,031,812
Sub-saharan AfricaProgram Services-00$404,105
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
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
No
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 8B

Malengo, inc does not have any committees that can act on behalf of the governing body.

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

The form 990 is prepared by an outside accountant. The return is reviewed by the president & ceo prior to filing with the internal revenue service.

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

To ensure the corporation operates in a manner consistent with its tax-exempt purposes and does not engage in activities that could jeopardize its tax-exempt status, the board shall periodically conduct periodic reviews, which shall include: (a) whether compensation arrangements and benefits are reasonable and the result of arm's length bargaining; and (b) whether partnerships, joint ventures, and arrangements with other persons conform to the corporation's written policies; are properly recorded; reflect reasonable investments or reasonable payments for goods; services or facilities; further charitable purposes; and do not result in inurement, impermissible private benefit, or in the imposition of taxes due to acts of self-dealing as described in section 4941 of the code, or due to excess benefit transactions as described in section 4958. The corporation may, but need not, use outside advisers or experts when conducting periodic reviews. However, should outside advisers or experts be used, their use shall not relieve the board of its responsibility for ensuring periodic reviews are conducted.

Form 990, Part VI, Section C, Line 19

Malengo, inc makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Malengo Inc
EIN
87-4081681
Phone
6173601605
Address
8 THE GREEN 4000, DOVER, DE 19901

Signing Officer

Name
Severin Karl
Title
Financial Director
Phone
6173601605
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johannes Haushofer
Formed
2021
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Han Group LLC
Address
1020 19TH STREET NW SUITE 800, WASHINGTON, DC 20036
Preparer
Jennifer S Han
Phone
2022937000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Research: program service expenses 0. Management and general expenses 404,105. Fundraising expenses 0. Total expenses 404,105. Advisory and implementation support: program service expenses 0. Management and general expenses 291,382. Fundraising expenses 0. Total expenses 291,382. Consultant services: program service expenses 167,815. Management and general expenses 41,268. Fundraising expenses 0. Total expenses 209,083. English tests and tutoring: program service expenses 57,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 57,050. Recruitment: program service expenses 39. Management and general expenses 0. Fundraising expenses 0. Total expenses 39.

Raw XML Appendix385 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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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1AS MALENGO, INC WAS INCORPORATED ON DECEMBER 21, 2021, A SHORT PERIOD RETURN WAS FILED FOR THE PERIOD ENDED DECEMBER 31, 2021.
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IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt01031812
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0PROGRAM IMPLEMENTATION
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01435917
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0MALENGO MONITORS THE SUBAWARDEE GRANT TO MALENGO GGMBH BY REVIEWING FINANCIAL INFORMATION ON AT LEAST A MONTHLY BASIS. MALENGO'S SELECTION CRITERIA IS THAT THIS IS MALENGO'S PRIMARY PARTNER IN DELIVERING MALENGO'S PROGRAM.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1IN ACCORDANCE WITH IRS INSTRUCTIONS, ALL AMOUNTS REPORTED IN PARTS I AND II OF SCHEDULE F ARE REPORTED USING THE ACCRUAL BASIS OF ACCOUNTING, WHICH IS THE SAME METHOD OF ACCOUNTING USED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt01435917
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0EXPENDITURE OF ASSETS FOR EXEMPT PURPOSE
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02023-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt01681558
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0COST
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0EXPLANATION OF INVOLVEMENT: MALENGO INCURRED SIGNIFICANT COSTS IN MEETING ITS EXEMPT PURPOSES. THESE EXPENDITURES RESULTED IN A GREATER THAN 25% DECREASE IN MALENGO'S NET ASSETS.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 2E:
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MALENGO, INC DOES NOT HAVE ANY COMMITTEES THAT CAN ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT. THE RETURN IS REVIEWED BY THE PRESIDENT & CEO PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS TAX-EXEMPT PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, THE BOARD SHALL PERIODICALLY CONDUCT PERIODIC REVIEWS, WHICH SHALL INCLUDE: (A) WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND THE RESULT OF ARM'S LENGTH BARGAINING; AND (B) WHETHER PARTNERSHIPS, JOINT VENTURES, AND ARRANGEMENTS WITH OTHER PERSONS CONFORM TO THE CORPORATION'S WRITTEN POLICIES; ARE PROPERLY RECORDED; REFLECT REASONABLE INVESTMENTS OR REASONABLE PAYMENTS FOR GOODS; SERVICES OR FACILITIES; FURTHER CHARITABLE PURPOSES; AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT, OR IN THE IMPOSITION OF TAXES DUE TO ACTS OF SELF-DEALING AS DESCRIBED IN SECTION 4941 OF THE CODE, OR DUE TO EXCESS BENEFIT TRANSACTIONS AS DESCRIBED IN SECTION 4958. THE CORPORATION MAY, BUT NEED NOT, USE OUTSIDE ADVISERS OR EXPERTS WHEN CONDUCTING PERIODIC REVIEWS. HOWEVER, SHOULD OUTSIDE ADVISERS OR EXPERTS BE USED, THEIR USE SHALL NOT RELIEVE THE BOARD OF ITS RESPONSIBILITY FOR ENSURING PERIODIC REVIEWS ARE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MALENGO, INC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RESEARCH: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 404,105. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 404,105. ADVISORY AND IMPLEMENTATION SUPPORT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 291,382. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 291,382. CONSULTANT SERVICES: PROGRAM SERVICE EXPENSES 167,815. MANAGEMENT AND GENERAL EXPENSES 41,268. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 209,083. ENGLISH TESTS AND TUTORING: PROGRAM SERVICE EXPENSES 57,050. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 57,050. RECRUITMENT: PROGRAM SERVICE EXPENSES 39. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0944698
IRS990/TotalAssetsEOYAmt03490934
IRS990/TotalAssetsGrp/BOYAmt0944698
IRS990/TotalAssetsGrp/EOYAmt03490934
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01057677
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0855585
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01681558
IRS990/TotalFunctionalExpensesGrp/TotalAmt02537143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt04012731
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt04012731
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0944698
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-521797
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01681558
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt012971
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01070648
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0944698
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03490934
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0160
IRS990/TravelGrp/ProgramServicesAmt019762
IRS990/TravelGrp/TotalAmt019922
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt08 THE GREEN 4000
IRS990/USAddress/CityNm0DOVER
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019901
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.MALENGO.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SEVERIN KARL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0FINANCIAL DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06173601605
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MALENGO INC
ReturnHeader/Filer/BusinessNameControlTxt0MALE
ReturnHeader/Filer/EIN0874081681
ReturnHeader/Filer/PhoneNum06173601605
ReturnHeader/Filer/USAddress/AddressLine1Txt08 THE GREEN 4000
ReturnHeader/Filer/USAddress/CityNm0DOVER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019901
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HAN GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01020 19TH STREET NW SUITE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WASHINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0DC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020036
ReturnHeader/PreparerPersonGrp/PhoneNum02022937000
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENNIFER S HAN
ReturnHeader/ReturnTs02024-11-15T10:38:34-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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