2024-11-05T14:49:35-06:00 2023-12-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-01-01 203171837 MUSO INC MUSO 4158540080 548 MARKET STREET PMB 86233 SAN FRANCISCO CA 94104 GREG LECLAIRE CFO 4158540080 2024-11-05 1 0 MICHAEL LUMSDEN P01262236 4159561500 2024-11-05 2023 2024-10-15 13:58:12Z ARI JOHNSON MD 548 MARKET STREET PMB 86233 SAN FRANCISCO CA 94104 9452855 0 X WWW.MUSOHEALTH.ORG X 2005 DE MUSO'S MISSION IS TO ELIMINATE PREVENTABLE DEATHS ROOTED IN POVERTY. IT ENVISIONS A WORLD IN WHICH NO ONE DIES WAITING FOR HEALTH CARE. EACH YEAR, MILLIONS OF PEOPLE LIVING IN POVERTY DIE OF CURABLE DISEASES BECAUSE THEY DO NOT ACCESS HEALTH CARE IN TIME. TO DELIVER UNIVERSAL HEALTH COVERAGE AT SCALE AND END THE CHILD AND MATERNAL MORTALITY CRISES, MUSO COLLABORATES WITH GOVERNMENTS TO DESIGN, TEST, AND DEPLOY COMMUNITY-BASED HEALTH SYSTEMS THAT DELIVER CARE WITH SPEED. MUSO DIRECTLY SERVES 500,000 PATIENTS IN MALI AND COTE D'IVOIRE. THE COMMUNITIES WHERE MUSO WORKS TO ENSURE SEAMLESS CARE DELIVERY FROM A PATIENT'S DOORSTEP TO THE HEALTH CENTER HAVE ACHIEVED AND SUSTAINED THE LOWEST DOCUMENTED RATES OF CHILD MORTALITY IN SUB-SAHARAN AFRICA. TO TRANSFORM NATIONAL HEALTH SYSTEMS, MUSO ALSO SUPPORTS THE GOVERNMENTS OF MALI AND COTE D'IVOIRE'S EFFORTS TO CONNECT THEIR 46 MILLION CITIZENS WITH RAPID, UNIVERSAL HEALTH CARE, AND END MATERNAL AND CHILD MORTALITY. 10 10 20 12 0 0 11208426 8808865 0 0 81586 206620 0 437370 11290012 9452855 0 0 0 0 4373163 7035629 0 0 1561212 13270690 14528876 17643853 21564505 -6353841 -12111650 20992988 8980224 1796455 1895341 19196533 7084883 X MUSO WORKS TO CREATE A CURE FOR DELAY BECAUSE NO ONE SHOULD DIE WAITING FOR HEALTH CARE. 0 0 16123766 0 0 TO END THE CHILD AND MATERNAL MORTALITY CRISES AND DELIVER UNIVERSAL HEALTH COVERAGE AT SCALE, MUSO COLLABORATES WITH POLICYMAKERS AND IMPLEMENTERS TO DESIGN, TEST, AND SCALE EVIDENCE-BASED HEALTH SYSTEMS THAT DELIVER CARE WITH SPEED: TO ALL PATIENTS WHO NEED IT, WHEN THEY NEED IT. MUSO HAS WORKED IN MALI SINCE 2008, COLLABORATING WITH THE MALIAN GOVERNMENT AS AN OPERATIONAL RESEARCH AND IMPLEMENTING PARTNER, BUILDING THE EVIDENCE BASE REQUIRED TO CREATE NATIONAL HEALTH POLICY CHANGE. WITHIN MALI, MUSO HAS TEN OPERATIONAL SITES (8 IN RURAL MALI AND 2 IN PERI-URBAN MALI). IN ADDITION, DURING 2022, AND IN PARTNERSHIP WITH THE IVORIAN MINISTRY OF HEALTH, MUSO LAUNCHED OPERATIONS IN COTE D'IVOIRE AT 23 PRIMARY HEALTH CARE FACILITIES AND TWO GENERAL HOSPITALS. IN MUSO'S RAPID CARE MODEL, COMMUNITY HEALTH WORKERS ACTIVELY SEARCH FOR PATIENTS DOOR-TO-DOOR, PROVIDE SCREENING AND TREATMENT IN THE HOME, AND EVACUATE THE SICKEST PATIENTS TO UPGRADED PRIMARY HEALTH CENTERS, WHERE ALL POINT-OF-CARE FEES ARE REMOVED. 16123766 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 1 20 1 0 1 ML TO IV 0 0 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X GREG LECLAIRE 4158540080 548 MARKET STREET PMB 86233 SAN FRANCISCO CA 94104 GREG LECLAIRE CHIEF FINANCIAL OFFICER 40.00 X 187291 0 34191 ARI JOHNSON MD CHIEF EXECUTIVE OFFICER 40.00 X 134033 0 45717 STEPHANIE RAPP HEAD OF INSTITUTIONAL PARTNERSHIPS 40.00 X 134633 0 15824 CATHERINE LUKACH MAJOR GIFTS OFFICER 40.00 X 121121 0 19264 EMILY PIMENTEL SENIOR FINANCE & GRANTS MANAGER 40.00 X 118085 0 14373 JESSICA BECKERMAN MD CHIEF MEDICAL OFFICER 20.00 X 120035 0 5221 CLAUDIA SHEKUFENDEH FOUNDATION PARTNERSHIPS MANAGER 40.00 X 101803 0 7174 FRANK BEADLE DE PALOMO MA CHAIR 5.00 X X 0 0 0 AISSATA SOW THIAM PHD VICE CHAIR 5.00 X X 0 0 0 JAYSON MORRIS SECRETARY 5.00 X X 0 0 0 JOANNE CHOU MBA JD BOARD MEMBER 2.00 X 0 0 0 FATOUMATA DICKO TRAORE MD PHD BOARD MEMBER 2.00 X 0 0 0 JACKIE HINDAWI MBA BOARD MEMBER 2.00 X 0 0 0 RUCHIKA KUMAR LLM BOARD MEMBER 2.00 X 0 0 0 FATOUMATA NAFO-TRAORE MD BOARD MEMBER 2.00 X 0 0 0 SANGEETA TRIPATHI MPP BOARD MEMBER 2.00 X 0 0 0 NANA TWUM-DANSO MD MPH BOARD MEMBER 2.00 X 0 0 0 917001 0 141764 7 0 1 1 0 150000 8658865 7645 8808865 206620 206620 FOREIGN CURRENCY EXCHA 900099 437370 437370 437370 9452855 0 0 643990 401232 89875 311357 5137819 2800217 1368410 969192 33359 21558 4515 7286 342071 194735 73784 73552 1121148 588846 333258 199044 70458 70458 63082 63082 1533875 775073 640801 118001 271245 250979 20266 766347 308972 378351 79024 134289 54142 66299 13848 226527 91330 111838 23359 1215721 826457 340366 48898 800 323 395 82 43898 43898 15770 973 10405 4392 PROGRAM SUPPORT 9269842 9269842 RESEARCH & EVALUATION 609360 609360 CONSTRUCTION & INFRASTR 214601 214601 LICENSES AND PERMITS 46239 6306 39769 164 46822 20177 22541 4104 21564505 16123766 3879527 1561212 11974632 4900746 6038377 2726071 2468577 807925 300578 194243 520314 218331 167895 301983 42929 49256 20992988 8980224 1796455 1895341 1796455 1895341 X 6780623 4265781 12415910 2819102 19196533 7084883 20992988 8980224 -12111650 0 X 0 1 X 1 0 X 11475315 13029244 28725796 11208426 8808865 73247646 11475315 13029244 28725796 11208426 8808865 73247646 8529312 64718334 15700 11308 81586 206620 315214 437370 437370 74000230 0.87460 0.89140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FOREIGN CURRENCY EXCHANGE GAIN - 2023 AMOUNT: $ 437,370. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 376786 180279 196507 143528 38052 105476 301983 X 9457355 4500 4500 9452855 0 9452855 21569005 4500 4500 21564505 0 21564505 PART X, LINE 2: MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. SUB-SAHARAN AFRICA 5 576 PROGRAM SERVICES HEALTH, ECONOMIC EMPOWERMENT 18281991 5 576 0 0 5 576 18281991 0 18281991 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL METHOD X X X 0 0 0 0 0 0 0 0 0 GREG LECLAIRE CHIEF FINANCIAL OFFICER 187291 0 0 0 0 0 7686 0 26505 0 221482 0 0 0 ARI JOHNSON MD CHIEF EXECUTIVE OFFICER 134033 0 0 0 0 0 0 0 45717 0 179750 0 0 0 STEPHANIE RAPP HEAD OF INSTITUTIONAL PARTNERSHIPS 134633 0 0 0 0 0 4315 0 11509 0 150457 0 0 0 FORM 990, PART VII, SECTION A, LINE 5 AND SCHEDULE J, PART II: THE ORGANIZATION'S CEO IS COMPENSATED BY THE UNIVERSITY OF CALIFORNIA, SAN FRANCISCO (UCSF), AN UNRELATED TAX-EXEMPT ORGANIZATION; THE ORGANIZATION THEN REIMBURSES UCSF FOR A PORTION OF HIS SALARY AND BENEFITS. DURING 2023, THESE REIMBURSEMENTS TOTALED $179,750, WHICH WAS SPLIT APPROXIMATELY 75% FOR "BASE SALARY" ($134,033, WHICH HAS BEEN REPORTED ON FORM 990, PART VII, SECTION A, COLUMN D AS WELL AS SCHEDULE J, PART II, COLUMN (B)(I)) AND 25% FOR "FRINGE BENEFITS AND OTHER EXPENSES" ($45,717, WHICH HAS BEEN REPORTED ON FORM 990, PART VII, SECTION A, COLUMN F AND SCHEDULE J, PART II, COLUMN (D)). FORM 990, PART VI, SECTION A, LINE 2 CHIEF EXECUTIVE OFFICER ARI JOHNSON AND CHIEF MEDICAL OFFICER JESSICA BECKERMAN HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT, IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE STAFF. THE TAX RETURN IS THEN REVIEWED BY THE CFO; ADJUSTMENTS ARE MADE, AS NECESSARY. PRIOR TO FILING, THE RETURN IS MADE AVAILABLE TO ALL MEMBERS OF THE VOTING GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, OFFICER, AND KEY EMPLOYEE ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON: (I) HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; (II) HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY; AND (III) HAS AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY. ADDITIONALLY, DIRECTORS, OFFICERS, AND KEY EMPLOYEES HAVE AN ON-GOING DUTY TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ALL CONFLICTS, OR POTENTIAL CONFLICTS, ARE DISCLOSED TO THE BOARD OF DIRECTORS, WHO GIVES THE INTERESTED PERSON AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD MEETING ADDRESSING SUCH MATTER WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD MEMBERS THEN DECIDE IF A CONFLICT OF INTEREST EXISTS BY THE ACT OF A MAJORITY (51%) OF SUCH DISINTERESTED DIRECTORS. THE PROCEEDINGS ARE THEN DOCUMENTED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15 MUSO DOES NOT DIRECTLY COMPENSATE THE ORGANIZATION'S CEO. RATHER, MUSO INDIRECTLY COMPENSATES THE CEO THROUGH REIMBURSEMENTS PAID TO UCSF. IN DETERMINING THE AMOUNT OF THE REIMBURSEMENT, MUSO'S GOVERNANCE COMMITTEE FOLLOWS A PROCESS WHICH INCLUDES BENCHMARKING FROM MULTIPLE INDEPENDENT SOURCES WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. IN DETERMINING THE COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES, MUSO'S GOVERNANCE COMMITTEE FOLLOWS A PROCESS THAT INCLUDES BENCHMARKING FROM MULTIPLE INDEPENDENT SOURCES WITH CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.