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Northstar Foundation Inc

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

EIN: 043414626 ✦ Norwood, MA ✦ Designated as a 501(c)(3)

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Overview

What is Northstar Foundation Inc?

The Northstar Foundation Inc is a nonprofit organization that focuses on humanitarian aid. They are dedicated to transporting essential medical supplies and medications to hospitals in underprivileged or underserved areas, specifically in Ghana, Ukraine, and the United States. This enables these healthcare facilities to diagnose and treat various diseases more effectively. Furthermore, the Northstar Foundation extends their aid by sending containers filled with personal care supplies to impoverished communities in Ghana, Jordan, Ukraine, and the United States. These supplies serve as vital necessities for these communities, improving their overall quality of life.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80% - Three-Star out of Four Star Rating

Northstar Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with an overall score of 80%. This rating is primarily based on a single beacon score, indicating that the organization demonstrates a strong commitment to financial responsibility and transparency. The majority of its board members are independent, which is a positive aspect that enhances its governance.

The organization excels in several key areas, including a high program expense ratio of 98.65%, showing that a significant portion of its expenditures directly supports its mission. Additionally, it maintains a perfect score for its conflict of interest policy and document retention practices, further underscoring its commitment to ethical operations. The low liabilities to assets ratio indicates strong financial stability.

However, there are some areas for improvement. The independent board size received a low score, indicating a potential lack of diversity or representation. Furthermore, the financial statements audit score could benefit from enhancement, suggesting opportunities for better financial oversight. Overall, while Northstar Foundation Inc shows commendable accountability, addressing these limitations could strengthen its performance further.


This AI summary has been generated from information found on Charity Navigator.

Is Northstar Foundation Inc legitimate?

Northstar Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northstar 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $277,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,000

For more financial information, click here

What is the mission statement of Northstar Foundation Inc?

The Northstar Foundation's mission involves providing humanitarian aid. Specifically, it sends medical supplies and medications to hospitals in impoverished or underserved areas in Ghana, Ukraine, and the United States, enabling them to diagnose and treat various diseases. Additionally, the Foundation extends its aid by sending personal care supplies to communities in need in Ghana, Jordan, Ukraine, and the United States, ensuring they have access to essential necessities.

What is the revenue of Northstar Foundation Inc?

Northstar Foundation Inc's revenue in 2023 was $3,558,530.

Who are the executives of Northstar Foundation Inc and what are their salaries?

Here are 3 key members and their salaries:


Alexei Chapovalov (President)
  • Compensation: $113,400
  • Related: $0
  • Other: $0
Inna Razmadze (Vice President)
  • Compensation: $124,560
  • Related: $0
  • Other: $0
Dima Golachev (Director)
  • Compensation: $40,000
  • Related: $0
  • Other: $0
Where can I find the form 990 for Northstar Foundation Inc?

Northstar Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Northstar Foundation Inc

The Northstar Foundation, a humanitarian aid organization, is committed to providing essential resources to impoverished or underserved communities worldwide. Its mission is twofold. Firstly, the foundation sends containers filled with medical supplies and medications to various locations, including Ghana, Ukraine, and the United States. These supplies help hospitals in these areas diagnose and treat various diseases, thereby improving the standard of healthcare for the local population.

Secondly, the Northstar Foundation also distributes containers of personal care supplies to communities in Ghana, Jordan, Ukraine, and the United States. These necessities, such as toiletries and other basic items, are vital for improving the overall living conditions of these communities. By providing these supplies, the Northstar Foundation is able to contribute to the well-being and dignity of individuals living in impoverished or underserved areas.

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Impact




July, 2024

Northstar Foundation Inc makes a significant impact by sending numerous containers of medical supplies and medications to hospitals in impoverished or underserved areas in Ghana, Ukraine, and the United States. This helps these hospitals in diagnosing and treating various diseases, ultimately improving the healthcare access in these regions. Additionally, the Foundation sends containers of personal care supplies to communities in Ghana, Jordan, Ukraine, and the United States, providing essential necessities to those in need. Through these efforts, Northstar Foundation Inc plays a crucial role in supporting healthcare and communities in impoverished or underserved areas.




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

Revenue
$3,558,530 (2023)
Expenses
$4,224,386 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $13
  • Gross Receipts: $3,558,530

Assets and Liabilities:

  • Total Assets: $2,900,028
  • Total Liabilities: $143,071
  • Net Assets: $2,756,957

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Organization Details

Founding Year

1998

Principal Officer

Alexei Chapovalov

NTEE Category

Code: Q30 - International

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