Overview
What is Malawi Talent Fund Inc?
Malawi Talent Fund Inc is a charitable organization situated in Hilliard, Ohio, with a mission to aid Malawi, Africa. The primary objective is to raise funds in the US, which will be utilized to support local individuals in starting small businesses, ultimately aiming to combat unemployment and decrease the country's reliance on foreign aid. They achieve this by offering training, guidance, and encouragement, paving the way for entrepreneurship. While the organization itself will not benefit financially, it may provide micro-loans with interest-bearing repayment terms to help start-ups get off the ground.
Official website here: www.malawitalentfund.org
Is Malawi Talent Fund Inc legitimate?
Malawi Talent Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Malawi Talent Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $14,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,200
For more financial information, click here
Official website here: www.malawitalentfund.org
What is the mission statement of Malawi Talent Fund Inc?
Malawi Talent Fund Inc's primary mission is to raise funds in the United States, which will then be utilized to support its objectives in Malawi, Africa. In Malawi, the organization aims to provide training, guidance, and encouragement to local individuals interested in starting small businesses with the potential to grow and create employment opportunities. The broader goal is to address the country's significant unemployment issue and reduce its reliance on foreign aid by promoting entrepreneurship. Malawi Talent Fund Inc does not seek ownership or economic benefit from these activities, instead acting as a facilitator for others' success. They may offer micro-loans to help kickstart small businesses, with the understanding that these loans will be repaid with interest under agreed-upon terms.
Official website here: www.malawitalentfund.org
What is the revenue of Malawi Talent Fund Inc?
Malawi Talent Fund Inc's revenue in 2023 was $307,961.
Official website here: www.malawitalentfund.org
Who are the executives of Malawi Talent Fund Inc and what are their salaries?
The average compensation at Malawi Talent Fund Inc during 2023 was $10,100. There are 2 employees and 10 volunteers at Malawi Talent Fund Inc.
Here are 8 key members and their salaries:
- Compensation: $14,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.malawitalentfund.org
Where can I find the form 990 for Malawi Talent Fund Inc?
Malawi Talent Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.malawitalentfund.org
Learn more at the official website: www.malawitalentfund.org
Mission Statement of Malawi Talent Fund Inc
Malawi Talent Fund Inc is an organization dedicated to addressing the issue of unemployment in Malawi, Africa, primarily through fundraising efforts in the United States. The organization's mission in Malawi is to provide training, guidance, and encouragement to local individuals interested in starting small businesses with the potential to grow and employ others. The broader goal is to assist in solving Malawi's significant unemployment problem and reduce its reliance on foreign aid by fostering entrepreneurship. Although Malawi Talent Fund Inc will not have any ownership or economic benefit from these activities, it will serve as a catalyst for others' success. The organization may also offer micro-loans to help small businesses get started, with repayment of loans, including interest, expected under agreed-upon written terms.
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Impact
October, 2024
Malawi Talent Fund Inc significantly impacts the local economy and society by fostering entrepreneurship and small business development in Malawi. By providing essential training, guidance, and encouragement to individuals aspiring to start their own businesses, the organization addresses the critical issue of unemployment and encourages self-sufficiency.
Through its initiatives, Malawi Talent Fund promotes economic empowerment by helping local entrepreneurs gain the skills they need to succeed, ultimately leading to job creation and reducing the community's reliance on foreign aid. The possibility of accessing micro-loans offers additional support, allowing budding entrepreneurs to secure the necessary resources to kickstart their ventures while ensuring accountability through a repayment structure.
Overall, the efforts of Malawi Talent Fund Inc are instrumental in building a sustainable entrepreneurial ecosystem, enhancing individual livelihoods, and contributing to the broader economic development of Malawi.
This information is meant to be a general summary of Malawi Talent Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $6,538
- Gross Receipts: $350,563
Assets and Liabilities:
- Total Assets: $527,232
- Total Liabilities: $1,148
- Net Assets: $526,084
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Organization Details
Founding Year
2013
Principal Officer
Chris Weaver
Website
www.malawitalentfund.orgNTEE Category
Code: Q32 - International
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