MV3 Foundation

EIN: 852481994 501(c)(3) Education

Carmichael, CA

Total Revenue
$380,055
Total Expenses
$71,821
Total Assets
$505,388
Net Assets
$505,388
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
CA
Principal Officer
Ashley Kyalwazi
Phone
9162152616
Tax Period
2024-01-01 to 2024-12-31

MV3 Foundation, founded in 2020, is a small nonprofit in the Education sector that reported $380K in total revenue in fiscal year 2024. Revenue surged 190% from the prior year, signaling strong growth momentum. The organization ran a surplus of $308K, a strong 81% operating margin.

Mission

Build and empower a community of Black undergraduate scholars across the US who will positively impact the future of health and biomedical sciences through our 3 Pillars: Education, Service and Advocacy.

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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 (2024)

Revenue Breakdown

Contributions & Grants $380,055
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $380,055

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,284
Fundraising Expenses $0
Program Expenses $70,321
Other Expenses $11,537
TOTAL EXPENSES $71,821

Year-over-Year Comparison

2024 2023 Change
Revenue $380,055 $131,075 +1.9%
Expenses $71,821 $27,774 +1.6%
Net Income $308,234 $103,301 +2.0%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
3
Employees
1
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ashley Kyalwazi Executive Dir. 0.00
Officer
$0 $0 $0
Stephanie Heyward Finance Dir 0.00
Officer
$0 $0 $0
Leonard Nettey COO 0.00
Officer
$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 No data No data No data No data
2024 $380,055 $71,821 $505,388 $308,234
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