Mosaic Multicultural Foundation EIN 91-1531756 Form 990 (PDF) Claim this org

Mosaic Multicultural Foundation FY2023 filing

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Builds cross-cultural connections for personal growth, healing, and environmental renewal. For fiscal year 2023 it reported $402K in revenue, $419K in expenses, and $891K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
Vashon, WA
Website
www.mosaicvoices.org
Filings
5 on file (2020–2023)
Revenue
$402KFY2023
Expenses
$419K
Net assets
$891K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-1531756 Public charity (501(c)(3)) Vashon, WA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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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 · $94K
Money in and out
$402K revenue, $419K expenses
Bottom line
43% program efficiency
Where the money goes · FY2023
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$419K
Pt IX · Ln 25
Net assets
$891K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$17K
Where spending went · Part IX cols B–D
Program services $0.43 Management & general $0.48 Fundraising $0.08
Program efficiency
43%
of spending reaches programs
Operating runway
25.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$402K
FY2023▲ +3%
Expenses
$419K
FY2023▲ +22%
Total assets
$902K
FY2023▼ -2%
Total liabilities
$11K
FY2023▼ -10%
Total revenue
$402K
Pt VIII · Ln 12
Total expenses
$419K
Pt IX · Ln 25
Net assets
$891K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$17K
Total assetsPt X · Ln 16$902K
Program-expense ratioPt IX · col B43%
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 $164K of program spending, described in the organization's own filed words · FY2023.
01

Publishing

(free online events, interviews, and summits; free essays and social media content; online courses, books, and audio products). These offerings reached over 390,000 people.

$71Kprogram expense
02

Living Myth Podcast

This weekly podcast reached over 74,000 listeners.

$59Kprogram expense
03

Events

Paid online and in-person events had over 1,600 attendees.

$34Kprogram 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
$93,846Pt 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$302K · 75%
Program service revenue$62K · 15%
Other revenue$36K · 9%
Contributions & grants75%$302K
Program service revenue15%$62K
Other revenue9%$36K
Investment income$2K
Total revenueLn 12$402K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.43 Management & general $0.48 Fundraising $0.08
Program services43%$182K
Management & general48%$203K
Fundraising8%$34K
Total functional expensesLn 25$419K

Balance Sheet

Part X · end of year
CashLn 1$202K
Total assetsLn 16$902K
Total liabilitiesLn 26$11K
Total net assetsLn 32$891K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $902K · Operating expenses/yr $419K
25.8 months
Where the money goes
Program services
Program services $182K · Total expenses $419K
43%
Management & General
Management & general $203K · Total expenses $419K
48%
Fundraising
Fundraising $34K · Total expenses $419K
8%
Cost to raise $1
Fundraising expense (3-yr avg) $39K · Solicited contributions (3-yr avg) $255K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $302K · Total revenue $402K
75%
Government reliance
Government grants — · Total revenue $402K
Earned-income share
Program service revenue $62K · Total revenue $402K
15%
Investment reliance
Investment income $2K · Total revenue $402K
+0.4%
Program self-sufficiency
Program service revenue $62K · Total expenses $419K
15%
Growth & trend
Revenue growth (YoY)
This year $402K · Prior year $391K
+3%
Net-asset trend (YoY)
End of year $891K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $402K · Expenses $419K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $902K
Net-asset ratio
Net assets $891K · Total assets $902K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $700K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $902K
78%
People & payroll
Highest Reported Total Compensation
Individual Michael Meade · Reported title VICE PRESIDENT · Highest reported compensation $94K · Total expenses $419K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $227K · Total expenses $419K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 43%
Overhead ratio 48%
Fundraising cost ratio 11%
Revenue growth 3%
Accounting fee ratio 0.9%

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 · ⤓ 990 PDF
FY2023$402K revenue · viewing · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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