Overview
What is University Of The Andes Foundation Inc?
University of The Andes Foundation Inc, situated in New York, is a nonprofit organization with a focus on supporting the programs and activities of the Universidad de Los Andes in Bogota, Colombia. Their mission involves aiding students and faculty in their academic pursuits in the U.S., while also providing access to the university's resources for those facing financial hardships. The foundation initiated the VAMOS PA'LANTE 2022 initiative, offering one-semester scholarships to undergraduate students with outstanding academic performance who are at risk of dropping out due to severe financial difficulties. With a dedicated team of two employees, the foundation continues to contribute to the academic success and well-being of students and faculty affiliated with the Universidad de Los Andes.
Official website here: www.losandesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The University Of The Andes Foundation Inc has achieved an impressive 96% rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. With a perfect score for independent board members and thorough oversight committees, the organization demonstrates a high level of governance, ensuring that donor contributions are well-managed and utilized effectively.
One of the notable strengths of the foundation is its program expense ratio, which stands at 85.71%. This figure indicates that a significant majority of its expenditures are directed towards programs rather than administrative costs, showcasing the organization's focus on delivering impactful services. Additionally, the foundation maintains robust policies regarding conflict of interest and whistleblower protections, further illustrating its strong ethical standards.
While the ratings highlight considerable strengths, they do not mention any specific limitations within the data. The absence of material diversions of assets and positive financial ratios suggest a stable financial outlook for the organization, contributing to its overall credibility and appeal among potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is University Of The Andes Foundation Inc legitimate?
University Of The Andes Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of The Andes 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: $335,710
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.losandesfoundation.org
What is the mission statement of University Of The Andes Foundation Inc?
The University of The Andes Foundation Inc's mission is centered around supporting the academic endeavors of both students and faculty. It aims to assist those affiliated with the Universidad de Los Andes in Bogota, Colombia, who are pursuing their studies in the United States. Additionally, the foundation provides access to the university's programs and facilities for students facing financial hardships.
To further its mission, University of The Andes Foundation Inc launched the Vamos Pa'Lante 2022 initiative. This initiative aims to award one-semester scholarships to undergraduate students with outstanding academic performance who are at risk of dropping out due to severe financial difficulties.
In essence, the foundation's role is to bridge the gap between academic opportunities and financial constraints, enabling students and faculty to continue their academic journey with minimal disruptions.
Official website here: www.losandesfoundation.org
Who is the CEO of University Of The Andes Foundation Inc?
Alberto Mejia is the Executive Director of University Of The Andes Foundation Inc.
Official website here: www.losandesfoundation.org
What is the revenue of University Of The Andes Foundation Inc?
University Of The Andes Foundation Inc's revenue in 2022 was $570,412.
Official website here: www.losandesfoundation.org
Who are the executives of University Of The Andes Foundation Inc and what are their salaries?
The average compensation at University Of The Andes Foundation Inc during 2022 was $167,855. There are 2 employees and 12 volunteers at University Of The Andes Foundation Inc.
Here are 14 key members and their salaries:
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Official website here: www.losandesfoundation.org
Where can I find the form 990 for University Of The Andes Foundation Inc?
University Of The Andes Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.losandesfoundation.org
Learn more at the official website: www.losandesfoundation.org
Mission Statement of University Of The Andes Foundation Inc
The University of the Andes Foundation Inc is dedicated to supporting the academic endeavors of the Universidad de Los Andes in Bogota, Colombia. Their mission is twofold: firstly, they aim to assist students and faculty from this university in their continued academic work in the United States. Secondly, they strive to provide access to the university's programs and facilities for students facing financial hardships. This nonprofit organization's goal is to ensure that the academic achievements of these individuals are not hindered by financial constraints.
In line with this mission, the University of the Andes Foundation Inc has launched initiatives such as VAMOS PA'LANTE 2022. This initiative was established to award one-semester scholarships to undergraduate students with exceptional academic performance who are at risk of dropping out due to severe financial hardships. By providing these scholarships, the foundation is not only alleviating financial burdens but also enabling these students to continue their education and pursue their academic goals. This support can have a significant impact on their future prospects, potentially opening up opportunities that may have been otherwise unattainable due to financial constraints. The foundation's mission, therefore, is to bridge the gap between financial limitations and academic potential, ensuring that talented individuals have the opportunity to succeed academically.
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Impact
July, 2024
University Of The Andes Foundation Inc's impact lies in supporting the programs and activities of the Universidad de los Andes in Bogota, Colombia. By providing assistance to students and faculty in their academic pursuits in the U.S., as well as offering access to the university's programs and facilities to students facing financial hardships, the foundation plays a crucial role in empowering the next generation of leaders and scholars. The Vamos Pa'Lante 2022 initiative, for instance, awards one-semester scholarships to undergraduate students with excellent academic performance who are at risk of dropping out due to severe financial constraints. Through initiatives like this, the Foundation is not only enabling access to education but also fostering academic excellence and supporting individuals on their educational journey.
This information is meant to be a general summary of University Of The Andes 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 2022.
- Investment Income: $114,880
- Gross Receipts: $570,412
Assets and Liabilities:
- Total Assets: $8,612,408
- Total Liabilities: $1,907,046
- Net Assets: $6,705,362
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Organization Details
Founding Year
2007
Phone
(212) 230-1077Principal Officer
Alberto Mejia
Main Address
575 MADISON AVENUE 10TH FLOOR, NEW YORK, NY, 10022
Website
www.losandesfoundation.orgNTEE Category
Code: T12 - Philanthropy
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