Overview
What is Mojaloop Foundation Inc?
Mojaloop Foundation Inc is a nonprofit organization situated in Wakefield, Massachusetts. Their primary focus is on promoting financial inclusion by providing access to open-source software called Mojaloop. This software allows various entities, such as merchants, central banks, service providers, and government offices, to construct inclusive payment platforms. They offer digital financial services to all, enabling seamless transactions. The organization's mission is to empower organizations building interoperable payment systems, thereby fostering the growth of digital financial services for everyone. Membership is open to mission-driven non-governmental and technological entities committed to advancing financial inclusion. The community is encouraged to participate in training, events, and educational activities, all of which are free of charge.
Official website here: www.mojaloop.io
Is Mojaloop Foundation Inc legitimate?
Mojaloop Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mojaloop Foundation 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.
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For more financial information, click here
Official website here: www.mojaloop.io
What is the mission statement of Mojaloop Foundation Inc?
Mojaloop Foundation Inc's mission is centered around promoting financial inclusion by empowering organizations in creating interoperable payment systems. These systems enable digital financial services for all. The organization maintains the free, open-source software, Mojaloop, and its community as public goods, serving the cause of financial inclusion. Merchants, central banks, service providers, government offices, and other entities looking to build inclusive payments platforms can utilize Mojaloop, either in its entirety or as a reference model for real-time payments. Membership is open to mission-driven, non-governmental and technology entities focused on advancing financial inclusion. The foundation provides training, events, and educational activities to the community, with participation in the community being open and free to all.
Official website here: www.mojaloop.io
What is the revenue of Mojaloop Foundation Inc?
Mojaloop Foundation Inc's revenue in 2023 was $5,419,121.
Official website here: www.mojaloop.io
Who are the executives of Mojaloop Foundation Inc and what are their salaries?
There 50 volunteers at Mojaloop Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.mojaloop.io
Where can I find the form 990 for Mojaloop Foundation Inc?
Mojaloop Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mojaloop.io
Learn more at the official website: www.mojaloop.io
Mission Statement of Mojaloop Foundation Inc
Mojaloop Foundation Inc, a mission-driven organization, aims to increase financial inclusion by empowering entities developing interoperable payment systems. These systems enable digital financial services for all, thereby bridging the gap in access to financial resources for numerous individuals and organizations. The foundation maintains the free, open-source software called Mojaloop, which serves as a public good in the pursuit of financial inclusion. Various entities, such as merchants, central banks, service providers, government offices, and others looking to establish inclusive payments platforms can utilize Mojaloop, either in its entirety, adapted, or as a real-time payments reference model. Membership to Mojaloop Foundation Inc is open to non-governmental and technological entities focused on advancing financial inclusion. The organization provides training, events, and educational activities to its community, and participation in the community is open and free to all.
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Impact
July, 2024
Mojaloop Foundation Inc's impact lies in its mission to increase financial inclusion by empowering organizations to create interoperable payments systems for digital financial services. By maintaining the free, open-source software Mojaloop and fostering a community focused on financial inclusion, the organization plays a key role in enabling merchants, central banks, service providers, and government offices to build inclusive payments platforms. Through educational activities, training, and collaborative events, Mojaloop Foundation Inc creates opportunities for entities to leverage technology for the benefit of all, ultimately advancing financial inclusion on an international scale.
This information is meant to be a general summary of Mojaloop Foundation 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.
- Program Service Revenue: $705,833
- Gross Receipts: $5,419,121
Assets and Liabilities:
- Total Assets: $2,514,232
- Total Liabilities: $438,589
- Net Assets: $2,075,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$705,833
Organization Details
Founding Year
2020
Principal Officer
Paula Hunter
Website
www.mojaloop.ioNTEE Category
Code: Q33 - International
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