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Mango Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 900713427 ✦ Falmouth, MA ✦ Designated as a 501(c)(3)

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Overview

What is Mango Fund Inc?

Mango Fund Inc, located in Falmouth, Massachusetts, is a nonprofit organization that focuses on supporting entrepreneurship and business management development in Uganda and other underdeveloped countries. They offer training programs for emerging entrepreneurs and indigenous communities, providing them with essential skills and education. Additionally, Mango Fund Inc offers business incubation services for educational purposes and offers financial capital where economic development is limited. In 2022, they disbursed approximately $200,000 to their Ugandan subsidiary for these initiatives.


Official website here: www.mangofund.org

Is Mango Fund Inc legitimate?

Mango Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mango 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mangofund.org

What is the mission statement of Mango Fund Inc?

Mango Fund Inc is committed to supporting entrepreneurship and business management training in various countries, including Uganda. Their mission encompasses educating emerging entrepreneurs and the indigenous population, providing business incubation services for educational purposes, and offering financial capital to areas with limited economic development. In 2022, approximately $200,000 was disbursed to their Ugandan subsidiary.


Official website here: www.mangofund.org

Who is the CEO of Mango Fund Inc?

George A Veth is the President of Mango Fund Inc.


Official website here: www.mangofund.org

What is the revenue of Mango Fund Inc?

Mango Fund Inc's revenue in 2022 was $443,090.


Official website here: www.mangofund.org

Who are the executives of Mango Fund Inc and what are their salaries?


Here are 3 key members and their salaries:


George Veth (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Mills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore Pantone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mangofund.org

Where can I find the form 990 for Mango Fund Inc?

Mango Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mangofund.org

Learn more at the official website: www.mangofund.org

Mission Statement of Mango Fund Inc

Mango Fund Inc, a nonprofit organization, is committed to supporting entrepreneurship and business management training in various countries, with a particular focus on Uganda and indigenous communities. Their mission involves providing education for emerging entrepreneurs, fostering the development of new businesses, and offering business incubation services for educational purposes. Furthermore, Mango Fund Inc aims to provide financial capital where economic development is limited. In the year 2022, they disbursed approximately $200,000 to their Ugandan subsidiary, demonstrating their dedication to this cause.

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Impact




October, 2024

Mango Fund Inc has made a significant impact by providing essential entrepreneurship and business management training, particularly for emerging entrepreneurs and indigenous communities in Uganda and beyond. By focusing on education and skill development, the organization empowers individuals to create viable businesses, which can lead to economic sustainability and community growth.

Their business incubation services play a crucial role in nurturing new ventures by offering tailored support and resources, fostering an environment conducive to innovation and success. In 2022 alone, Mango Fund Inc disbursed approximately $200,000 to a Ugandan subsidiary, demonstrating a strong commitment to bridging the financial gap where economic development is limited.

Through its initiatives, Mango Fund Inc not only supports individual entrepreneurs but also contributes to the overall improvement of communities, enhancing economic opportunities and promoting self-sufficiency. This comprehensive approach to capacity-building is instrumental in forging pathways for long-term prosperity in the regions they serve.




This information is meant to be a general summary of Mango 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.

Revenue
$443,090 (2022)
Expenses
$69,366 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $71
  • Program Service Revenue: $26,485
  • Gross Receipts: $443,090

Assets and Liabilities:

  • Total Assets: $3,060,694
  • Total Liabilities: $37,687
  • Net Assets: $3,023,007

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOAN ORIGINATION INCEN

Revenue

$26,485

Organization Details

Founding Year

2011

Principal Officer

George A Veth

Main Address

27 NYE ROAD, FALMOUTH, MA, 02540

NTEE Category

Code: S43 - Community improvement

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