MORE THAN ME FOUNDATION INC

EIN: 262599199 501(c)(3)

BERNARDSVILLE, NJ

Total Revenue
$487,250
Total Expenses
$2,396,984
Total Assets
$450,056
Net Assets
$446,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NJ
Principal Officer
MANISH PATEL
Phone
4153435632
Tax Period
2018-07-01 to 2019-06-30

MORE THAN ME FOUNDATION INC, founded in 2008, is a small nonprofit that reported $487K in total revenue in fiscal year 2018. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 392% operating deficit.

Mission

THE FOUNDATION'S PRIMARY CHARITABLE PURPOSE IS TO MAKE SURE EDUCATION & OPPORTUNITY, NOT EXPLOITATION & POVERTY, DEFINE THE LIVES OF THE MOST VULNERABLE GIRLS FROM LIBERIA. THE FOUNDATION PROVIDES EDUCATION & EDUCATION RELATED SERVICES TO VULNERABLE GIRLS & YOUNG WOMEN IN MONROVIA, LIBERIA.

Program Service Accomplishments

Program 1
Expenses: $798,573

MORE THAN ME PUBLIC SCHOOL NETWORK: MORE THAN ME MANAGED 18 PUBLIC SCHOOLS IN PARTNERSHIP WITH THE MINISTRY OF EDUCAITON OF LIBERIA AND ACHIEVED 110% MORE LEARNING AMONG STUDENTS THAN AT PEER PUBLIC...

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MORE THAN ME PUBLIC SCHOOL NETWORK: MORE THAN ME MANAGED 18 PUBLIC SCHOOLS IN PARTNERSHIP WITH THE MINISTRY OF EDUCAITON OF LIBERIA AND ACHIEVED 110% MORE LEARNING AMONG STUDENTS THAN AT PEER PUBLIC SCHOOLS. IN ADDITION, 10 HEALTH STATIONS WERE MANAGED TREATING OVER 1,000 CHILDREN, INCLUDING 34% VISITORS WITH MALARIA. IN ADDITION, MTM SCHOOLS ENJOYED HIGHEST TEACHER ATTENDANCE RATE IN THE PSL PROGRAM, ALL 18 SCHOOLS RECEIVED INFRASTRUCTURE IMPROVEMENTS AND A TOTAL OF 4,000 CHILDREN WERE EDUCATED DAILY.

Program 2
Expenses: $505,300

MORE THAN ME ACADEMY: THE TUITION FREE, ALL-GIRLS PRIVATE SCHOOL FOR 250+ GIRLS IN CENTRAL MONROVIA HAS BEEN RANKED AMONG THE BEST EDUCATION INSTITUTIONS IN LIBERIA, PROVIDING A FULL COURSELOAD, TWO...

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MORE THAN ME ACADEMY: THE TUITION FREE, ALL-GIRLS PRIVATE SCHOOL FOR 250+ GIRLS IN CENTRAL MONROVIA HAS BEEN RANKED AMONG THE BEST EDUCATION INSTITUTIONS IN LIBERIA, PROVIDING A FULL COURSELOAD, TWO MEALS PER DAY, A HEALTH CLINIC, A SOCIAL WORK CENTER AND A LIBRARY. STUDENTS SCORE AMONG THE TOP THREE SCHOOLS IN MONROVIA IN NEARLY ALL LITERACY AND NUMERACY INDICATORS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $464,523
Program Service Revenue $0
Investment Income $20,865
Other Revenue $1,862
TOTAL REVENUE $487,250

Expense Breakdown

Grants Paid $0
Salaries & Benefits $891,349
Fundraising Expenses $331,159
Program Expenses $1,303,873
Other Expenses $1,505,635
TOTAL EXPENSES $2,396,984

Year-over-Year Comparison

2018 2017 Change
Revenue $487,250 $2,585,759 -0.8%
Expenses $2,396,984 $2,131,778 +0.1%
Net Income $-1,909,734 $453,981 -5.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
7
Volunteers
10

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
$231,864
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCIPIONE BORGHESE FORMER CHAIRMAN 4.00
Officer Director
$0 $0 $0
MANISH PATEL TREASURER 2.00
Officer Director
$0 $0 $0
ALEXA CAVER SECRETARY 5.00
Officer Director
$0 $0 $0
SAM EDWARDS BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA HOLMES FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
DALAMUZI MHLANGA BOARD MEMBER 1.00
Director
$0 $0 $0
AMANDA KELSO BOARD MEMBER 1.00
Director
$0 $0 $0
KELLY KETTERSON FORMER BOARD MEMBER 1.00
Director
$0 $0 $0
KATIE MEYLER FOUNDER & CEO (END: 6/30/19) 40.00
Officer
$94,205 $7,159 $101,364
SAUL GARLICK PRESIDENT (END: 6/30/19) 40.00
Officer
$130,500 $0 $130,500
ALEX FALLON CHIEF PROGRAM OFFICE (END: 6/30/19) 40.00
Highest
$102,231 $2,420 $104,651
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
2019 $487,250 $2,396,984 $450,056 $-1,909,734
2018 $2,585,759 $2,131,778 $2,341,168 $453,981
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