MALOTO INC

EIN: 542096241 501(c)(3) Education

NEW YORK, NY

Total Revenue
$1,357,414
Total Expenses
$1,409,408
Total Assets
$229,079
Net Assets
$79,917
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Financial Trends

Organization Details

Formation Year
2007
Phone
6465766485
Tax Period
2024-07-01 to 2025-06-30

MALOTO INC, founded in 2007, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

Maloto, Inc. is a non-profit organization dedicated to improving the lives of some of the most vulnerable women and children in northern Malawi by feeding, educating and empowering. Maloto is rooted in the belief that, through access to education and economic development activities, women and children can improve their quality of life and lift themselves out of poverty. We accomplish this by providing financial and technical assistance to three effective local organizations: Kwithu Womens Group (aka Kwithu CBO), Mzuzu International Academy, and Kwithu Kitchen. Together, these organizations provide a continuum of services that can be accessed throughout a beneficiary's lifetime and also provide a holistic solution for health, educational, social and economic needs.Against this landscape, Maloto, meaning "dreams" in the local language, was formed in 2007 by a group of Malawians living in the United States in direct response to the specific challenges facing their communities in northern

Program Service Accomplishments

Program 1
Expenses: $1,243,165

In 2010, the 20 women associated with the Kwithu Womens Group, in conjunction with several Maloto Board Members, recognized that tomatoes, among the countrys most important natural resources, were...

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In 2010, the 20 women associated with the Kwithu Womens Group, in conjunction with several Maloto Board Members, recognized that tomatoes, among the countrys most important natural resources, were not being well-utilized because of the existing agricultural systems limitations. The organization took an entrepreneurial approach to addressing the matter. Leaders of Kwithu Kitchen brought the women together with the Board Members and developed its first commercial product: a naturally preserved whole tomato product, called Garden Fresh Tomatoes. Responding to consumer demand, Kwithu Kitchen developed popular Chopped Tomato and Tomato Puree products.Since 2014, Kwithu Kitchen has built tomato and honey processing facilities and built relationships with more than 750 small-holder farmers and beekeepers. Kwithu Kitchen - ContinuedIn 2020, Kwithu Kitchen received government approval to begin selling honey products. KK quickly became the countrys largest honey processor and supplier (processing and selling more than 40 tons of honey annually). Kwithu Kitchens tomato and honey products can be found in all of the countrys major supermarket and hotel chains.The ultimate goal is to make Kwithu Kitchen a viable business, which would provide employment for up to 50 people and a means of regular income for 1,000 small-holder famers and beekeepers. A portion of Kwithu Kitchens sales is donated to the Kwithu Womens Group to support their programs (described above).

Program 2

Kwithu Womens Group (aka Kwithu CBO)Kwithu, which translated means "home", was formed in 2005 by an inspiring group of women who came together to provide assistance to the large number of orphans...

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Kwithu Womens Group (aka Kwithu CBO)Kwithu, which translated means "home", was formed in 2005 by an inspiring group of women who came together to provide assistance to the large number of orphans living in the outskirts of Mzuzu, Malawi even though they themselves had limited means. The Kwithu Orphan Feeding Program was originally conceived to provide hot meals to these orphaned children at a temporary, make-shift community center consisting of a dirt floor and a thatched roof. In 2010, Maloto provided funding for construction of a permanent building to replace this temporary shelter. This new structure has allowed the group to greatly expand its capacity and feed many more children. The feeding program now serves hot, nutritious meals to over 300 children three times a week. For many of these children, this is the most nutritious food they will receive all week. Kwithu is a dynamic, community-based organization and has greatly expanded its activities and its reach. In addition to the feeding program, the Group now operates a number of other initiatives for vulnerable children and families in the community, including:before- and after-school tutoring and recreation programs for over 270 children, an HIV/AIDS information and education service, which supports more than 60 HIV+ children and their families and conducts information and education campaigns in the broader community,an early childhood education program which provides two full-day learning programs for 60 children, ages 3-5 years, providing scholarships for over 70 local orphans and vulnerable children to attend local secondary schools and Malawian Universities, andthe development of income-generation projects for women in the community who often bear the burden of providing for their families alone.The Group also owns and operates its own garden, which not only provides food for the feeding program, but also produces excess produce that is sold in local markets and given to the neediest of families within the Group.

Program 3

Mzuzu International AcademyIn 2003, Malotos founder, Anna Msowoya, and a group of local community leaders in northern Malawi identified the lack of educational opportunities created by the critical...

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Mzuzu International AcademyIn 2003, Malotos founder, Anna Msowoya, and a group of local community leaders in northern Malawi identified the lack of educational opportunities created by the critical shortage of secondary schools as one of the most urgent challenges in the region: Malawi has lost a generation to HIV/AIDS and cannot afford to lose another generation due to a lack of education. They raised over $600,000 and, in September of 2010, Mzuzu International Academy was opened with 35 students the first internationally accredited school in northern Malawi. In 2013, Mzuzu International Academy expanded to include an international primary school. Currently there are over 375 students attending school at Mzuzu Academy. At this time, Maloto provides a small annual operating subsidy to Mzuzu Academy, which is primarily supported by tuition and boarding fees. Maloto provides scholarships to over 20 local vulnerable children to attend Mzuzu Academy. Maloto also provides some funding for capital improvement projects as needed.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,356,382
Program Service Revenue $0
Investment Income $0
Other Revenue $1,032
TOTAL REVENUE $1,357,414

Expense Breakdown

Grants Paid $0
Salaries & Benefits $289,057
Fundraising Expenses $49,629
Program Expenses $1,243,165
Other Expenses $1,120,351
TOTAL EXPENSES $1,409,408

Year-over-Year Comparison

2024 2023 Change
Revenue $1,357,414 $1,100,874 +0.2%
Expenses $1,409,408 $1,124,509 +0.3%
Net Income $-51,994 $-23,635 +1.2%
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
15
Independent Members
14
Employees
3
Volunteers
14

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
2
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANA MSOWOYA KEYS PRESIDENT 40.00
$92,000 $0 $92,000
JOHN KEYS COO 40.00
$74,000 $0 $74,000
LIZA NUGENT Executive Dir. 40.00
Director
$0 $0 $0
VICTORIA HARMON Director 1.00
Director
$0 $0 $0
CLAIRE JOHNSTON Chairman 5.00
Officer Director
$0 $0 $0
JACOB KOSHLAND Treasurer 5.00
Officer Director
$0 $0 $0
PHLYSSA KOSHLAND Director 1.00
Director
$0 $0 $0
NELSON CHIKUSA Director 0.00
Director
$0 $0 $0
DANIEL ANDROUIN Director 1.00
Director
$0 $0 $0
MEREDITH BROKAW EMERITUS 1.00
Director
$0 $0 $0
ROSE ALLEN-TAYLOR Director 0.00
Director
$0 $0 $0
GINA PAOLONI EMERITUS 1.00
Director
$0 $0 $0
CLAIRE KOSHLAND Director 1.00
Director
$0 $0 $0
ELIZABETH BOHART EMERITUS 1.00
Director
$0 $0 $0
ANDREA CUVELIER Secretary 1.00
Director
$0 $0 $0
STACEY LAUREN Director 1.00
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
2025 $1,357,414 $1,409,408 $229,079 $-51,994
2024 $1,100,874 $1,124,509 $148,870 $-23,635
2023 $1,243,200 $1,260,448 $163,347 $-17,248
2022 $1,232,905 $1,175,717 $223,070 $57,188
2021 $1,066,352 $1,023,879 $141,153 $42,473
2020 $1,321,647 $1,322,729 $130,321 $-1,082
2019 $918,375 $1,120,741 $128,982 $-202,366
2018 $1,193,567 $1,117,130 $306,093 $76,437
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