Overview
What is Myanmar Impact Fund?
Myanmar Impact Fund (MIF) is a nonprofit organization established in 2021 with a mission to aid the suffering individuals in Myanmar, who have been impacted by humanitarian crises caused by political unrest. Based in New York, the organization's primary goal is to alleviate distress by funding organizations and individuals offering humanitarian assistance to those in need. In its second year of operation, MIF's program expenses were higher than revenues, primarily due to increased spending on financial management and program improvement. To cover expenses, the organization utilized its reserve funds. Despite the small size of its programs, more donations were received due to the Myanmar diaspora's involvement and influence. Committed to its mission, MIF continues to focus on fundraising and implementing program services.
Official website here: www.myanmarimpactfund.org/
Is Myanmar Impact Fund legitimate?
Myanmar Impact Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Myanmar Impact Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.myanmarimpactfund.org/
What is the mission statement of Myanmar Impact Fund?
Myanmar Impact Fund's mission is centered around improving the social, economic, and environmental well-being of the people in Myanmar. The organization achieves this by supporting the efforts of individuals and organizations providing humanitarian aid to those affected by humanitarian disasters, particularly those resulting from the military coup. Their primary goal is to alleviate the suffering of the Myanmar population, working towards a more stable and prosperous future for the nation. The Myanmar Impact Fund is dedicated to raising funds and implementing program services in line with its mission, despite the small size of its operations in the initial stages. The majority of its donors are from the Myanmar diaspora, contributing to targeted aid for specific beneficiaries based on their origin or relationships.
Official website here: www.myanmarimpactfund.org/
Who is the CEO of Myanmar Impact Fund?
Nyonyo Aung Kyaw is the Director of Myanmar Impact Fund.
Official website here: www.myanmarimpactfund.org/
What is the revenue of Myanmar Impact Fund?
Myanmar Impact Fund's revenue in 2022 was $245.
Official website here: www.myanmarimpactfund.org/
Who are the executives of Myanmar Impact Fund and what are their salaries?
There 10 volunteers at Myanmar Impact Fund.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.myanmarimpactfund.org/
Where can I find the form 990 for Myanmar Impact Fund?
Myanmar Impact Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myanmarimpactfund.org/
Learn more at the official website: www.myanmarimpactfund.org/
Mission Statement of Myanmar Impact Fund
Myanmar Impact Fund, a humanitarian organization, is dedicated to aiding the vulnerable and distressed individuals in Myanmar who have been affected by humanitarian disasters resulting from a military coup. The organization's mission is to contribute to the social, economic, and environmental betterment of the Myanmar population. To achieve this, Myanmar Impact Fund supports the initiatives and efforts of organizations and individuals that are providing humanitarian aid to those in need. The organization's primary goal is to help alleviate the suffering of the Myanmar people, who have been impacted by the unprecedented humanitarian crisis. Myanmar Impact Fund remains committed to fundraising and implementing program services activities in line with its program objectives and mission. Despite the small size of its expenses and revenues in the second year of operations, the organization continues to support organizations and individuals providing humanitarian aid to those in need.
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Impact
October, 2024
The Myanmar Impact Fund (MIF) plays a significant role in addressing the humanitarian crisis in Myanmar, particularly in the aftermath of the military coup that has severely affected the population. MIF focuses on alleviating the suffering of vulnerable individuals by supporting organizations and individuals providing vital humanitarian aid.
In its second year of operation, MIF's program expenses reached $4,523 while its net revenues totaled $245, leading to an excess of $4,278 in operating expenses over revenues. This financial situation reflects an increase in program spending, aimed at enhancing financial management and improving program effectiveness. Despite a decrease in donations, MIF used reserve funds from prior contributions to maintain its operations and continue supporting those in need.
The organization’s mission emphasizes social, economic, and environmental improvement for the people of Myanmar. MIF is committed to fundraising and executing program service activities aligned with its objectives, although its operational scale remains modest due to the unique nature of the crisis and the demographics of its donor base. With many donors coming from the Myanmar diaspora, contributions are often directed towards specific beneficiaries linked by regional or personal connections.
Overall, MIF's impact is rooted in its dedication to fostering resilience and providing necessary resources to aid the affected population, demonstrating a commitment to humanitarian efforts during a time of unprecedented need in Myanmar.
This information is meant to be a general summary of Myanmar Impact Fund. 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 2022.
- Gross Receipts: $245
Assets and Liabilities:
- Total Assets: $29,020
- Total Liabilities: $28,541
- Net Assets: $479
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Organization Details
Founding Year
2021
Phone
(302) 766-7716Principal Officer
Nyonyo Aung Kyaw
Main Address
105 E 34th Street Suite 227, New York, NY, 10016
Website
www.myanmarimpactfund.org/NTEE Category
Code: Q33 - International
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