GEORGES MALAIKA FOUNDATION INC

EIN: 260670177 501(c)(3) International Affairs

NEW YORK, NY

Total Revenue
$977,671
Total Expenses
$894,074
Total Assets
$2,704,395
Net Assets
$2,384,925
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
NOELLA COURSARIS MUSUNKA
Phone
2127261089
Tax Period
2022-04-01 to 2023-03-31

GEORGES MALAIKA FOUNDATION INC, founded in 2007, is a small nonprofit in the International Affairs sector that reported $978K in total revenue in fiscal year 2022. Revenue decreased 20% compared to the prior year. Expenses of $894K left a modest 9% surplus.

Mission

THE ORGANIZATIONS PURPOSE IS TO EMPOWER AFRICAN GIRLS THROUGH EDUCATION BY GRANTING TUITION AND SCHOOL SUPPLIES TO GIRLS AGED 5-18 IN THE DEMOCRATIC REPUBLIC OF CONGO.

Program Service Accomplishments

Program 1

THE ORGANIZATION WAS ABLE TO CONTINUE ITS EDUCATION PROGRAM AT THE MALAIKA SCHOOL WHICH COVERS FULL TUITION, UNIFORMS, SCHOOL SUPPLIES, SPORTS PROGRAM, EXTRACURRICULAR ACTIVITIES AND MEALS FOR THE...

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THE ORGANIZATION WAS ABLE TO CONTINUE ITS EDUCATION PROGRAM AT THE MALAIKA SCHOOL WHICH COVERS FULL TUITION, UNIFORMS, SCHOOL SUPPLIES, SPORTS PROGRAM, EXTRACURRICULAR ACTIVITIES AND MEALS FOR THE COMPLETE 2022-2023 ACADEMIC SCHOOL YEAR. THE SCHOOL NOW IMPACTS 430 GIRLS, AS WELL AS OPERATIONS FOR THE KALEBUKA COMMUNITY CENTER OPEN TO ALL MEMBERS OF THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $974,760
Program Service Revenue $0
Investment Income $38
Other Revenue $2,873
TOTAL REVENUE $977,671

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $49,004
Program Expenses $700,608
Other Expenses $894,074
TOTAL EXPENSES $894,074

Year-over-Year Comparison

2022 2021 Change
Revenue $977,671 $1,215,384 -0.2%
Expenses $894,074 $739,062 +0.2%
Net Income $83,597 $476,322 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NOELLA COURSARIS MUSUNKA PRESIDENT 40.00
Officer Director
$0 $0 $0
SANJAY RAWAL DIRECTOR 10.00
Officer Director
$0 $0 $0
ALAIN PAKEBOMBA DIRECTOR 10.00
Officer Director
$0 $0 $0
EILEEN WALMSLEY DIRECTOR 10.00
Officer Director
$0 $0 $0
CHARLOTTE KIRBY DIRECTOR 10.00
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $977,671 $894,074 $2,704,395 $83,597
2022 $1,215,384 $739,062 $2,316,703 $476,322
2021 $588,545 $606,934 $2,050,727 $-18,389
2020 $752,749 $645,772 $1,855,735 $106,977
2019 $683,360 $538,968 $1,748,758 $144,392
2018 $1,037,247 $597,700 $1,618,508 $439,547
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