The Maranyundo Initiative Inc
Nonprofit profile at a glance
- EIN
- 261905452
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Cambridge, MA, USA
- Phone
- 6175995972
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Secondary, High School
Reported finances
- Revenue
- $1,171,811
- Expenses
- $1,210,254
- Assets
- $929,930
- Liabilities
- $3,215
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- LISA TELLEKSON (PRESIDENT)
- JESSICA SMOLOW (EXECUTIVE DIRECTOR)
Highest reported compensation
- JESSICA SMOLOW (EXECUTIVE DIRECTOR): $120,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The maranyundo initiative's mission is to increase access to academic excellence for girls from economically vulnerable families in rwanda through support of the maranyundo girls school and related programs.
What it reported doing in 2024
The maranyundo initiative is proud to support access to academic excellence for girls in rwanda. The maranyundo initiative built the maranyundo girls school, one of rwanda's top schools, for girls in grades 7-12, and provides financial support for: 1) ongoing mgs operations including scholarships for economically vulnerable students that ensure at least 66% of mgs students receive partial scholarships, competitive teacher salaries to attract and retain high quality teachers and campus development and maintenance; 2)educational programming to promote academic excellence and ensure mgs continues to be a leading school, including ongoing faculty professional development, stem resources and programming, college and career programs, and technology and materials; 3) the extension of similar support and programming to other students, educators and schools in rwanda beyond the mgs on a selected basis for broader impact.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
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: 82
- Transparency & Controls: 77
- Accountability: 86
- Sustainability: 36
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.1%; rating input score 87
- Program expense ratio: 84.4%; rating input score 84
- Fundraising efficiency: $14.11 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.4%; rating input score 94; 25th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.3%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 35; 35th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 75; 75th percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
- Revenue growth: 7.1% per year; rating input score 100; 55th percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 87.1% of revenue deployed · 84.4% of spending went to programs
- Governance: 17 of 18 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1M in reported program spending
- Leadership: top reported pay $120K · 18 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors and foreign activity
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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: 7 of 8 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 27/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.