Masinyusane INC EIN 27-3024837 Form 990 (PDF) Claim this org

Masinyusane INC FY2023 filing

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Funds development projects in South Africa to educate children, empower people, and alleviate poverty. For fiscal year 2023 it reported $91K in revenue, $74K in expenses, and $120K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Boston, MA
Website
www.masinyusane.org
Filings
5 on file (2021–2023)
Revenue
$91KFY2023
Expenses
$74K
Net assets
$120K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-3024837 Public foundation / grantmaker Boston, MA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Funds development projects in South Africa to educate children, empower people, and alleviate poverty.
Leadership
Jim McKeown · Executive Director · $48K
Money in and out
$91K revenue, $74K expenses
Bottom line
80% program efficiency
Grants paid & assets · FY2023
Total revenue
$91K
Pt VIII · Ln 12
Total expenses
$74K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $17K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.11 Fundraising $0.09
Program efficiency
80%
of spending reaches programs
Operating runway
19.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$91K
FY2023▼ -27%
Expenses
$74K
FY2023▲ +8%
Total assets
$120K
FY2023▲ +16%
Total liabilities
$0
FY2023
Total revenue
$91K
Pt VIII · Ln 12
Total expenses
$74K
Pt IX · Ln 25
Net assets
$120K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$17K
Total assetsPt X · Ln 16$120K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMasinyusane INC
EINHdr · item D27-3024837
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jwww.masinyusane.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T12)
Ruling yearIRS BMFJul 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$48,263Pt VII · Sec A
Treasurer, Board
$0Pt VII · Sec A
Chairperson, Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Jim McKeown’s $90K as Executive Director is at the 81st percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Jim McKeown$90,000$66,375$48,263$49,500$42,100

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $59K of program spending, described in the organization's own filed words · FY2022.
01

Children's Education & Youth Employment

Empowering local communities to uplift themselves by hiring local, previously unemployed youth and training them as reading coaches for children. We build libraries & literacy centres in preschools and schools and have these reading coaches work with children one-on-one at whatever level they are at for the first 5-6 years of their…

$30Kprogram expense
02

Top Learners

Sending top high school learners from over 40 impoverished township high schools in the Eastern Cape to university. Support includes application fees, assistance in obtaining financial aid and bursaries, tuition assistance, transportation stipends, housing in Masinyusane's Houses of Excellence, food and welfare, and mentoring and…

$30Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$91K
Total revenueLn 12$91K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.11 Fundraising $0.09
Program services80%$59K
Management & general11%$8K
Fundraising9%$7K
Total functional expensesLn 25$74K

Balance Sheet

Part X · end of year
CashLn 1$118K
Total assetsLn 16$120K
Total liabilitiesLn 26$0
Total net assetsLn 32$120K
Months of cash on handcomputed19.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $118K · Operating expenses/yr $74K
19.2 months
Where the money goes
Program services
Program services $59K · Total expenses $74K
80%
Management & General
Management & general $8K · Total expenses $74K
11%
Fundraising
Fundraising $7K · Total expenses $74K
9%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $108K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $91K · Total revenue $91K
100%
Government reliance
Government grants $0 · Total revenue $91K
0%
Earned-income share
Program service revenue $0 · Total revenue $91K
0%
Investment reliance
Investment income $0 · Total revenue $91K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $74K
0%
Growth & trend
Revenue growth (YoY)
This year $91K · Prior year $124K
-27%
Net-asset trend (YoY)
End of year $120K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $91K · Expenses $74K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $120K
Net-asset ratio
Net assets $120K · Total assets $120K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $120K
0%
People & payroll
Highest Reported Total Compensation
Individual Jim McKeown · Reported title Executive Director · Highest reported compensation $48K · Total expenses $74K
65%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $74K
94%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 11%
Fundraising cost ratio 8%
Revenue growth -27%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$143K revenue · ⤓ 990 PDF
FY2024$127K revenue · ⤓ 990 PDF
FY2023$91K revenue · viewing · ⤓ 990 PDF
FY2022$124K revenue · ⤓ 990 PDF
FY2021$110K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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