MASTERCARD FOUNDATION

EIN: 980543843 International Affairs
Total Revenue
$680,266,338
Total Expenses
$1,533,523,522
Total Assets
$42,194,078,620
Net Assets
$42,170,917,519
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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
2005
Principal Officer
DOUGLAS KASAMBALA
Phone
6472085154
Tax Period
2023-01-01 to 2023-12-31

MASTERCARD FOUNDATION, founded in 2005, is a major nonprofit in the International Affairs sector that reported $680.3M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $1.5B exceeded revenue, resulting in a 125% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO ADVANCE YOUTH EDUCATION AND PROMOTE FINANCIAL INCLUSION FOR FINANCIALLY DISADVANTAGED PERSONS AND COMMUNITIES AS A MEANS OF RELIEVING POVERTY.

Program Service Accomplishments

Program 1
Expenses: $75,000,000 Revenue: $0

Mastercard Foundation's partnership with Mennonite Economic Development Associates of Canada is an innovative fund-of-funds initiative that will invest in Africa-focused investment vehicles and...

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Mastercard Foundation's partnership with Mennonite Economic Development Associates of Canada is an innovative fund-of-funds initiative that will invest in Africa-focused investment vehicles and provide business development services to strengthen capacity and promote inclusive growth. This initiative will provide capital to at least 20 gender-diverse African Investment Vehicle teams in priority sectors, resulting in at least 250,000 additional work opportunities for financially disadvantaged young people.

Program 2
Expenses: $57,500,000 Revenue: $0

Mastercard Foundation's partnership with World Food Programme will provide post-harvest loss and access to market support to one million smallholder farmers across eight African countries. The...

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Mastercard Foundation's partnership with World Food Programme will provide post-harvest loss and access to market support to one million smallholder farmers across eight African countries. The partnership will also create 500,000 agricultural work opportunities for financially disadvantaged young people by reducing post-harvest losses and supporting financially disadvantaged young people to find and create new work opportunities along key agriculture value chains.

Program 3
Expenses: $54,349,527 Revenue: $0

Mastercard Foundation's partnership with Camfed Canada will support 62,000 young women in Zimbabwe, Zambia, Tanzania, Ghana and Malawi in secondary education by providing them with skills that will...

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Mastercard Foundation's partnership with Camfed Canada will support 62,000 young women in Zimbabwe, Zambia, Tanzania, Ghana and Malawi in secondary education by providing them with skills that will enable them to transition into tertiary education, leadership roles, employment, or self-employment. The partnership will also enable institutions and educational systems to be more effective through evidence-based decision making, enhanced capacities, and innovation.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $679,990,425
Other Revenue $275,913
TOTAL REVENUE $680,266,338

Expense Breakdown

Grants Paid $1,333,637,982
Salaries & Benefits $72,620,679
Fundraising Expenses $1
Program Expenses $1,462,467,862
Other Expenses $127,264,861
TOTAL EXPENSES $1,533,523,522

Year-over-Year Comparison

2023 2022 Change
Revenue $680,266,338 $424,109,307 +0.6%
Expenses $1,533,523,522 $1,377,301,146 +0.1%
Net Income $-853,257,184 $-953,191,839 -0.1%
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
12
Independent Members
12
Employees
2
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
4
$2,932,631
Total Directors
12
$0
Key Employees
4
$1,632,508
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REETA ROY PRESIDENT AND CEO 0.0
Officer
$1,290,974 $15,523 $1,306,497
Peter Materu Chief Program Officer 0.0
Officer
$750,217 $9,544 $759,761
Serge Auguste Kouakou Country Director, Senegal 0.0
Highest
$632,769 $13,623 $646,392
Julie Gichuru Chief Public Affairs and Commu 0.0
Key Emp
$564,359 $12,623 $576,982
WARIKO WAITA SENIOR DIRECTOR, CORPORATE COM 0.0
Highest
$510,931 $6,815 $517,746
Tina Muparadzi Chief People & Culture Officer 0.0
Key Emp
$461,434 $5,811 $467,245
Hassan El Bouhali Strategic Advisor, Digital Eco 0.0
$458,531 $7,743 $466,274
Nathalie Gabala Executive Director, Pan Africa 0.0
$436,878 $24,686 $461,564
OLUWOLE ONABOLO GENERAL COUNSEL 0.0
Officer
$442,559 $12,623 $455,182
SHONA BEZANSON DIRECTOR, BUSINESS DEVELOPMENT 0.0
Highest
$410,572 $16,522 $427,094
SAMUEL ADELA COUNTRY DIRECTOR, ETHIOPIA 0.0
Highest
$407,129 $16,023 $423,152
ROSY FYNN COUNTRY DIRECTOR, NIGERIA 0.0
Highest
$404,361 $11,623 $415,984
DOUGLAS KASAMBALA CHIEF FINANCIAL OFFICER 0.0
Officer
$404,895 $6,296 $411,191
OMOTADE AKIN-AINA CHIEF IMPACT AND RESEARCH OFF. 0.0
Key Emp
$371,426 $11,623 $383,049
LINDA OSODO CHIEF PEOPLE & CULTURE OFFICER 0.0
Key Emp
$191,609 $13,623 $205,232
Craig Calhoun Director 0.0
Director
$0 $0 $0
Douglas Baillie Director 0.0
Director
$0 $0 $0
Ellen Johnson Sirleaf Director 0.0
Director
$0 $0 $0
Jay Ireland Director 0.0
Director
$0 $0 $0
Jennifer Fonstad Director 0.0
Director
$0 $0 $0
Louise Arbour Director 0.0
Director
$0 $0 $0
Michael Sabia Director 0.0
Director
$0 $0 $0
Robin Washington Director 0.0
Director
$0 $0 $0
Valeria Amos BOARD CHAIR 0.0
Director
$0 $0 $0
Zein M Abdalla Board Chair 0.0
Director
$0 $0 $0
SEWIT AHDEROM DIRECTOR 0.0
Director
$0 $0 $0
TSEGA GEBREYES DIRECTOR 0.0
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 $680,266,338 $1,533,523,522 $42,194,078,620 $-853,257,184
2022 $424,109,307 $1,377,301,146 $29,242,305,789 $-953,191,839
2021 $422,948,756 $1,496,169,880 $30,798,947,472 $-1,073,221,124
2020 $356,789,232 $947,737,147 $31,477,405,206 $-590,947,915
2019 $192,147,513 $357,605,773 $27,598,914,371 $-165,458,260
2018 $112,205,391 $297,523,351 $17,401,495,233 $-185,317,960
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