Malaria No More Fund

Nonprofit profile at a glance

EIN
205664575
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Washington, DC, USA
Phone
2063971755
Rating
80
Verdict
STRONG
Rating confidence
Standard
Sector
Public Foundations

Official website

Reported finances

Revenue
$3,168,612
Expenses
$7,686,488
Assets
$9,592,170
Liabilities
$1,397,046

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • MARTIN EDLUND (CEO & DIRECTOR EX OFFICIO)

Highest reported compensation

  • MARTIN EDLUND (CEO & DIRECTOR EX OFFICIO): $468,556 total reported compensation
  • KELLY WILLIS (MD, STRATEGIC INITIATIVES): $337,595 total reported compensation
  • COLLEEN CONNELL (MD, HEALTH FINANCE COALITION): $333,702 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Malaria no more envisions a world where no child dies from a mosquito bite. We use our innovative partnerships and focused advocacy to elevate malaria on the global health agenda, create political will, and mobilize the global resources required to achieve malaria (continued) eradication within a generation.

What it reported doing in 2024

Malaria interventions are cost-effective, but sustainable funding is needed to ensure that they are available where they are needed. Malaria no more's advocacy and communications program raises awareness and galvanizes support among policymakers and businesses, leading to the funding and policies the world needs to eradicate the disease.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 87% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 78
  • Accountability: 95
  • Sustainability: 20
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 80.9%; rating input score 81
  • Fundraising efficiency: $12.7 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: 2 of 8 controls in place; rating input score 25
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Pass
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 21st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -142.6%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 1.25; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.15; rating input score 51; 51st percentile among comparable filings
  • Officer compensation ratio: 34.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -5.6% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -3.7% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 80.9% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $6.2M in reported program spending
  • Leadership: top reported pay $469K · 21 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $384K reported
  • Consistency: 39 of 40 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight: 6 of 8 not reported.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Review — Sustainability: Liabilities to assets ratio scored 51/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.