Nonprofits›Mojaloop Foundation Inc

International, Foreign Affairs & National Security

Mojaloop Foundation Inc

WAKEFIELD, MA

Website

Total revenue

$5.5M

Total expenses

$4.5M

Net assets

$5.2M

Grants received

$13.2M

14 grants

EIN

850922903

Tax year

2024

Mission

Our mission is to increase financial inclusion by empowering organizations creating interoperable payments systems to enable digital financial services for all.

Financials

FY 2024

Revenue

Contributions & grants$4.9M
Program service revenue$556K
Investment income$37K
Other revenue—
Total revenue$5.5M

Expenses

Grants paid—
Salaries & benefits—
Fundraising$205K
Other expenses$4.5M
Total expenses$4.5M
Total assets$5.6M
Net assets$5.2M

People

6 listed

NameRoleCompensation

KONSTANTIN PERIC

CHAIR

Board

—

1 hrs/wk

ROBERT RON

TREASURER

Board

—

1 hrs/wk

ADAMA DIALLO

DIRECTOR

Board

—

1 hrs/wk

MILLER ABEL

DIRECTOR

Board

—

1 hrs/wk

KEN WEBER

DIRECTOR (THRU AUG 2024)

Board

—

1 hrs/wk

PAULA HUNTER

EXECUTIVE DIRECTOR & SECRETARY

Board

—

40 hrs/wk

Independent contractors

VIRTUAL INC

MANAGEMENT & ACCOUNTING SERVICES

$729K

STRANGE LANDS LTD

SOFTWARE ENGINEERING CONSULTANCY

$313K

SAM KUMMARY

TECHNICAL DIRECTOR

$268K

STEVE HALEY

DIRECTOR MARKET DEVELOPMENT AND PARTNERS

$244K

VICTOR MALU

TECHNICAL SALES TEAM

$219K

Grants received

Showing 14 of 14

FromAmountPurposeYear
GATES FOUNDATION
$4M
INCLUSIVE FINANCIAL SYSTEMS
2024
GATES FOUNDATION
$3M
FINANCIAL SERVICES FOR THE POOR
2023
GLOBAL IMPACT
$2.1M
general award
2023
GATES FOUNDATION
$1.1M
FINANCIAL SERVICES FOR THE POOR
2023
Silicon Valley Community Foundation
$200K
International Development
2023
UNITED NATIONS FOUNDATION INC
$125K
UN STRNGTHNG
2023
THE ROCKEFELLER FOUNDATION
$50K
TOWARD THE COSTS OF EXPANDING THE MOJALOOP OPEN-SOURCE DIGITAL PAYMENTS PROJECT AND ITS MISSION OF PROMOTING UNIVERSAL FINANCIAL INCLUSION
2023
GATES FOUNDATION
$1.2M
FINANCIAL SERVICES FOR THE POOR
2022
Silicon Valley Community Foundation
$200K
International Development
2022
THE ROCKEFELLER FOUNDATION
$150K
TOWARD THE COSTS OF EXPANDING THE MOJALOOP OPEN-SOURCE DIGITAL PAYMENTS PROJECT AND ITS MISSION OF PROMOTING UNIVERSAL FINANCIAL INCLUSION
2022
UNITED NATIONS FOUNDATION INC
$33K
GLOBAL HLTH
2022
GATES FOUNDATION
$637K
FINANCIAL SERVICES FOR THE POOR
2020
Silicon Valley Community Foundation
$200K
International Development
2020
THE ROCKEFELLER FOUNDATION
$200K
TO SUPPORT THE LAUNCH OF THE MOJALOOP FOUNDATION (MJF) AND DEVELOPMENT OF ITS CORE PRODUCT, THE MOJALOOP OPEN SOURCE SYSTEM FOR LOW COST, INSTANT, HIGH VOLUME DIGITAL PAYMENTS.
2020

Funded by

$13.2M from 5 funders · 14 grants · 2020–2024

Gates Foundation

$10.0M · 5 grants · 2020–2024

Global Impact

$2.1M · 1 grant · 2023

Silicon Valley Community Foundation

$600K · 3 grants · 2020–2023

The Rockefeller Foundation

$400K · 3 grants · 2020–2023

United Nations Foundation Inc

$158K · 2 grants · 2022–2023

Details

EIN850922903
NTEE codeQ33
Subsection03
Ruling date2020-07
Formed2020
Employees0
Volunteers50
MOJALOOP FOUNDATION INC — Mission, Financials & Grants Received | Grantivo