MUKTI MISSION INC

EIN: 231409702 501(c)(3) Religion

CLINTON, NJ

Total Revenue
$808,984
Total Expenses
$842,726
Total Assets
$1,076,433
Net Assets
$1,061,262
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NJ
Principal Officer
JONATHAN W BOLLBACK
Phone
9086383112
Tax Period
2024-01-01 to 2024-12-31

MUKTI MISSION INC, founded in 1972, is a small nonprofit in the Religion sector that reported $809K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

MUKTI MISSION, INC. PROVIDES AVENUES FOR OUR PARTNERS TO BRING HOPE, HEALING, AND LIFE FOR INDIAN WOMEN AND CHILDREN!

Program Service Accomplishments

Program 1
Expenses: $170,942

EMPOWERING THROUGH EDUCATION FUND: WING TWO OF THE ENGLISH MEDIUM HIGH SCHOOL (EMS):THE SECOND WING OF THE EMS BROKE GROUND IN DECEMBER 2020. FUNDING WAS STARTED WITH OVER US$130,000 ON HAND TOWARD...

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EMPOWERING THROUGH EDUCATION FUND: WING TWO OF THE ENGLISH MEDIUM HIGH SCHOOL (EMS):THE SECOND WING OF THE EMS BROKE GROUND IN DECEMBER 2020. FUNDING WAS STARTED WITH OVER US$130,000 ON HAND TOWARD THE OVERALL US$360,000 FOR LEVEL ONE PLUS THE MULTI-PURPOSE HALL. DURING 2023 ALL FUNDING WAS SECURED FOR WING TWO: LEVEL ONE. DURING 2023 THERE WERE MANY SETBACKS TO CONSTRUCTION DUE TO GOVERNMENT REGULATION, AND TAXATION ISSUES, AND BUILDING DID NOT OCCUR FOR OVER FOUR MONTHS OF THE YEAR. CONSTRUCTION OF LEVEL ONE WAS FINALLY COMPLETE DURING DECEMBER 2024. LEVEL ONE INCLUDES SIX CLASSROOMS, STAFF SPACES, BATHROOMS, TWO STAIRWELLS, AND THE MULTI-PURPOSE HALL. STUDENT ENROLLMENT IS CURRENTLY AT APPROXIMATELY 550. THE SCHOOL OFFERS CO-ED CLASSES FOR STUDENTS IN GRADES 5 - 10. SINCE LEVEL ONE HAS BEEN COMPLETED, WE HAVE BEGUN SEEKING FUNDING FOR LEVEL TWO PLUS AT A COST OF APPROXIMATELY US$360,000.MARATHI HIGH SCHOOL ACTIVITY CLASSROOM:THE MARATHI LANGUAGE SCHOOL ALSO BENEFITTED FROM US DONORS. IN 2024, THE INDIAN GOVERNMENT PASSED THE NEP (NATIONAL EDUCATION PROGRAM) INCREASING THE REQUIREMENTS OF SCHOOLS IN THE AREAS OF CLASSROOM SPACE AND EXTRA ACTIVITY CLASSROOMS. MUKTI IS AHEAD OF THE CURVE DUE TO OUR CONSTRUCTION PROJECTS. THE MARATHI ACTIVITY CLASSROOM IS ONE SUCH PROJECT. INITIATED BEFORE THE NEP CAME INTO EFFECT, IT WILL SATISFY SOME OF THESE NEW REQUIREMENTS.

Program 2
Expenses: $224,074

LIFEGIVER FUND:MONIES GIVEN TO THE LIFEGIVER FUND BY OUR PARTNERS IN 2024 HAVE BEEN USED TO SUPPORT THE ONGOING OPERATIONS WORK OF THE PANDITA RAMABAI MUKTI MISSION IN INDIA. PARTNERS CAN ALSO...

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LIFEGIVER FUND:MONIES GIVEN TO THE LIFEGIVER FUND BY OUR PARTNERS IN 2024 HAVE BEEN USED TO SUPPORT THE ONGOING OPERATIONS WORK OF THE PANDITA RAMABAI MUKTI MISSION IN INDIA. PARTNERS CAN ALSO DIRECTLY CONTRIBUTE TO THE SUPPORT OF INDIVIDUAL RESIDENTS THROUGH LIFEGIVER SPONSORSHIP, PROVIDING A HAVEN, A FAMILY ATMOSPHERE, CLEAN CLOTHES, CLEAN WATER, EDUCATIONAL OPPORTUNITIES THROUGH GRAD LEVEL, MEDICAL CARE, CAREER TRAINING/OPPORTUNITIES, AND SPIRITUAL EMPOWERMENT.50K OPPORTUNITY:FOR THE FIFTH YEAR, WE PROMOTED PROJECTS AT MUKTI MISSION DURING OUR YEAR-END 50K OPPORTUNITY WHERE WE SELECTED PROJECTS TOTALING US$50,000. IN 2024, WE FULLY FUNDED FIFTEEN PROJECTS. THEY WILL BE BOUGHT/INSTALLED IN EARLY 2025.TECH PROJECTS:WITH THE CONSTANT CHANGES IN TECHNOLOGY, IT IS IMPORTANT THAT THE MUKTI SCHOOLS AND ADMINISTRATION OFFICES HAVE ADEQUATE HARDWARE TO MAINTAIN THEIR EDGE IN THE GLOBAL ECONOMY. DURING 2024, WE FUNDED THE PURCHASE OF COMPUTERS FOR THE OFFICES AND SCHOOL COMPUTER LABS, AS WELL AS PRINTERS.

Program 3
Expenses: $212,615

ORCHARD PROJECT FUND: THIS FUND PROVIDES OPERATION COSTS FOR FIFTEEN (15) LOCATIONS ACROSS INDIA CARING FOR 730 CHILDREN IN RESIDENTIAL, DAYCARE, AND COMMUNITY DEVELOPMENT PROJECTS. OPERATION COSTS...

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ORCHARD PROJECT FUND: THIS FUND PROVIDES OPERATION COSTS FOR FIFTEEN (15) LOCATIONS ACROSS INDIA CARING FOR 730 CHILDREN IN RESIDENTIAL, DAYCARE, AND COMMUNITY DEVELOPMENT PROJECTS. OPERATION COSTS INCLUDE PROVIDING RESIDENTS WITH CLEAN CLOTHES, CLEAN WATER, EDUCATION CHOICES AND TUTORING, MEDICAL CARE, CAREER TRAINING/OPPORTUNITIES, AND SPIRITUAL EMPOWERMENT.ORCHARD PROJECT: NIMBOOTHE NIMBOO HOME FOR GIRLS WAS COMPLETED IN 2024. THIS HOME WILL SUPPLY A HAVEN FOR AN INITIAL 20 GIRLS WITH A CAPACITY OF 80. IT IS LOCATED ON AN ACRE OF LAND AND IS FULLY WALLED AND GATED. IT IS ADJACENT TO THE LANTANA HOME.ORCHARD PROJECT: NUTMEG:THE NUTMEG HOME FOR GIRLS IS MUKTI'S ORIGINAL ORCHARD PROJECT HOME, STARTED IN 1993. THE FACILITY WAS NEARING ITS LIFE EXPECTANCY OF 60+ YEARS. WE RAISED FUNDING TO DEMOLISH THE CURRENT STRUCTURE AND BUILD A NEW BUILDING FOR THE GIRLS. THE HOME WILL BE IDENTICAL TO THE HOMES BUILT AT LANTANA (2023) AND NIMBOO (2024). CONSTRUCTION BEGAN IN DECEMBER 2024 AND IS EXPECTED TO BE COMPLETED IN LATE 2025.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $758,870
Program Service Revenue $0
Investment Income $50,114
Other Revenue $0
TOTAL REVENUE $808,984

Expense Breakdown

Grants Paid $0
Salaries & Benefits $148,597
Fundraising Expenses $21,809
Program Expenses $625,179
Other Expenses $694,129
TOTAL EXPENSES $842,726

Year-over-Year Comparison

2024 2023 Change
Revenue $808,984 $474,000 +0.7%
Expenses $842,726 $720,510 +0.2%
Net Income $-33,742 $-246,510 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$90,376
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHERINE SWEETING PRESIDENT 5.00
Officer Director
$0 $0 $0
DAVID BABU-PEDDAMUDIUM VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
JOSEPH SHALHOUB TREASURER 10.00
Officer Director
$0 $0 $0
PARINITA JOB SECRETARY 2.00
Officer Director
$0 $0 $0
DEBORAH PRESNELL DIRECTOR 2.00
Director
$0 $0 $0
RENUKA RATHNAM DIRECTOR 2.00
Director
$0 $0 $0
BINDU VARUGHESE DIRECTOR 2.00
Director
$0 $0 $0
MARY-ANN SALVATORE DIRECTOR 2.00
Director
$0 $0 $0
ANISH SOURI DIRECTOR 2.00
Director
$0 $0 $0
RUBY EVANGEL DIRECTOR 2.00
Director
$0 $0 $0
MATTHEW BEVIN DIRECTOR 2.00
Director
$0 $0 $0
NISHANTH THOMAS DIRECTOR 2.00
Director
$0 $0 $0
REV BILL SWEETING DIRECTOR (UNTIL MAY 2024) 2.00
Director
$0 $0 $0
JONATHAN BOLLBACK EXECUTIVE DIRECTOR 40.00
Officer
$90,376 $0 $90,376
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $808,984 $842,726 $1,076,433 $-33,742
2023 $474,000 $720,510 $1,114,565 $-246,510
2022 $498,812 $642,834 $1,306,165 $-144,022
2021 $620,186 $592,841 $1,525,695 $27,345
2020 $573,545 $618,146 $1,507,768 $-44,601
2019 $584,381 $538,755 $1,618,875 $45,626
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