Mosaic Multicultural Foundation EIN 91-1531756

Mosaic Multicultural Foundation

EIN  91-1531756 Public charity (501(c)(3)) Vashon, WA
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Size
$100K–1M
What they do
Builds cross-cultural connections for personal growth, healing, and environmental renewal.
Leadership
Michael Meade · Vice President · $99K
Money in and out
$467K revenue, $478K expenses
Bottom line
52% program efficiency

Builds cross-cultural connections for personal growth, healing, and environmental renewal. For fiscal year 2024 it reported $467K in revenue, $478K in expenses, and $880K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$467K
Pt VIII · Ln 12
Total expenses
$478K
Pt IX · Ln 25
Net assets
$880K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$11K
Where spending went · Part IX cols B–D
Program services $0.52 Management & general $0.40 Fundraising $0.08
Program efficiency
52%
of spending reaches programs▲ +20% vs prior filing year
Operating runway
22.4mo
months of highly liquid reserves at operating expense rate▼ -13% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▲ +44% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$467K
FY2024▲ +16%
Expenses
$478K
FY2024▲ +14%
Total assets
$893K
FY2024▼ -1%
Total liabilities
$13K
FY2024▲ +16%
Total revenue
$467K
Pt VIII · Ln 12
Total expenses
$478K
Pt IX · Ln 25
Net assets
$880K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$11K
Total assetsPt X · Ln 16$893K
Program-expense ratioPt IX · col B52%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

3 program services account for $224K of program spending, described in the organization's own filed words · FY2024.
01

Publishing (Free online events, interviews and summits; free essays and social media content; online courses, books and audio products). These offerings reached over 445,000 people.

$97Kprogram expense
02

Living Myth Podcast. This weekly podcast reached over 79,000 listeners.

$82Kprogram expense
03

Events. Paid online and in-person events had over 1,700 attendees.

$45Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMosaic Multicultural Foundation
EINHdr · item D91-1531756
Principal addressHdr · item CVashon, WA
WebsiteHdr · item Jwww.mosaicvoices.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A99Z)
Ruling yearIRS BMFApr 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice President
$98,846Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Michael Meade’s $99K as Vice President is at the 87th percentile of top reported officer pay among 2213 $100K–1M arts & culture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Meade$98,846$144,084$124,550
Michael Meade$93,846$88,769

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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Statement of Revenue

Part VIII
Contributions & grants$299K · 64%
Program service revenue$104K · 22%
Other revenue$64K · 14%
Contributions & grants64%$299K
Program service revenue22%$104K
Other revenue14%$64K
Total revenueLn 12$467K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.52 Management & general $0.40 Fundraising $0.08
Program services52%$249K
Management & general40%$193K
Fundraising8%$37K
Total functional expensesLn 25$478K

Balance Sheet

Part X · end of year
CashLn 1$93K
Total assetsLn 16$893K
Total liabilitiesLn 26$13K
Total net assetsLn 32$880K
Months of cash on handcomputed2.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $893K · Operating expenses/yr $478K
22.4 months
Where the money goes
Program services
Program services $249K · Total expenses $478K
52%
Management & General
Management & general $193K · Total expenses $478K
40%
Fundraising
Fundraising $37K · Total expenses $478K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $36K · Solicited contributions (3-yr avg) $296K
$0.12 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $299K · Total revenue $467K
64%
Government reliance
Government grants — · Total revenue $467K
Earned-income share
Program service revenue $104K · Total revenue $467K
22%
Investment reliance
Investment income $0 · Total revenue $467K
0%
Program self-sufficiency
Program service revenue $104K · Total expenses $478K
22%
Growth & trend
Revenue growth (YoY)
This year $467K · Prior year $402K
+16%
Revenue CAGR
FY2020 $464K · FY2024 $467K
0%
Net-asset trend (YoY)
End of year $880K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $467K · Expenses $478K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $893K
Net-asset ratio
Net assets $880K · Total assets $893K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $800K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $893K
90%
People & payroll
Highest Reported Total Compensation
Individual Michael Meade · Reported title Vice President · Highest reported compensation $99K · Total expenses $478K
21%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $223K · Total expenses $478K
47%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 52%
Overhead ratio 40%
Fundraising cost ratio 12%
Revenue growth 16%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
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
Tides FoundationFY2024$100K
Total grants receivedfrom 2 funders$110K

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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
FY2024 (Latest)$467K revenue · viewing · ⤓ 990 PDF
FY2023$402K revenue · ⤓ 990 PDF
FY2022$391K revenue · ⤓ 990 PDF
FY2021$425K revenue · ⤓ 990 PDF
FY2020$464K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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