Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2000.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
11 people listed on the 990; $130K paid to officers and key staff.
Laura Baerwolf’s $112K as Managing Director is at the 41st percentile of top reported officer pay among 1690 $1–10M 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 · 2 named individuals · Part VII
| Name | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Mahnaz Javid | $8,125 | $130,000 | $127,583 | $129,583 | $108,333 |
| Laura Baerwolf | $112,432 | — | — | — | — |
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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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Funds global projects educating children and empowering women to improve their communities.
Questions for Mona Foundation
Your first name shows with your question. Mona Foundation answers here, for everyone.
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Fundaec, Colombia
$337,140: Facilitated the purchase of an office building for FUNDAECs Research Center in Education for Development and supported three FUNDAEC programs: 1). Supporting Community Leaders program helped 107 youth from 34 communities to achieve excellence in a trade or profession, exercise leadership, and contribute to bettering their…
Educational Initiatives, India
$194,031: 1) 76,270 students were provided access to Mindspark AI-driven adaptive learning software; 2) 296 teachers trained to use Mindspark in 1,423 schools across four states, 3) 20,000 parents trained or engaged in support of their childrens education.
Digital Study Hall, India
$175,000, aka Study Hall Educational Foundation: 1) 313,973 students were educated and 1,570 teachers were trained, and 437,145 parents were engaged across all SHEF programs: 2) Aarohini Girls Education and Empowerment program educated 72,286 students in 858 schools 3) Provided 150 K-12 scholarships to Prerna Girls School AND 25…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.3M | $709K |
| InvestmentsLn 11–13 | $2.5M | $3.7M |
| Land, buildings, equipmentLn 10c | $3K | $2K |
| Total assetsLn 16 | $4.8M | $5.9M |
| LiabilitiesLn 26 | $86K | $41K |
| Net assetsLn 32 | $4.7M | $5.9M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $159K | $159K | ||
| Grants and assistance to foreign recipientsLn 3 | $1.5M | $1.5M | ||
| Pay of current officers, directors and key staffLn 5 | $130K | $43K | $43K | $43K |
| Other salaries and wagesLn 7 | $283K | $91K | $141K | $51K |
| Payroll taxesLn 10 | $33K | $11K | $14K | $7K |
| Accounting feesLn 11c | $44K | $44K | ||
| Other fees for servicesLn 11g | $72K | $35K | $38K | |
| Advertising and promotionLn 12 | $40K | $25K | $15K | |
| Office expensesLn 13 | $20K | $1K | $6K | $13K |
| Information technologyLn 14 | $11K | $1K | $3K | $7K |
| OccupancyLn 16 | $30K | $10K | $13K | $7K |
| TravelLn 17 | $17K | $4K | $12K | $570 |
| Depreciation, depletion and amortizationLn 22 | $636 | $636 | ||
| InsuranceLn 23 | $3K | $3K | ||
| Other expenses (24a–d)Ln 24 | $199K | $101K | $98K | |
| All other expensesLn 24e | $174 | $173 | $1 | |
| Total functional expensesLn 25 | $2.6M | $2.0M | $380K | $182K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $1.9M | $2.5M | −$593K | $6.7M | 990 PDF |
| FY2024 | $2.8M | $2.5M | $287K | $6.8M | 990 PDF |
| FY2023 Viewing | $3.2M | $2.6M | $596K | $5.9M | 990 PDF |
| FY2022 | $3.1M | $2.2M | $892K | $4.7M | 990 PDF |
| FY2021 | $2.3M | $1.7M | $586K | $4.3M | 990 PDF |
| FY2020 | $2.3M | $1.8M | $511K | $3.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $3,173,622 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $3,173,622 across 7 lines filed
Part IX · Statement of functional expenses $2,577,655 across 16 lines filed
Part X · Balance sheet $5,909,398 assets, 15 lines filed
Part XI · Reconciliation of net assets $5,868,065 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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