Overview
What is Friends Of King's College London Association Inc?
Friends of King's College London Association Inc, situated in New York, serves as a crucial supporter for the esteemed King's College London. Their primary mission is to aid in scholarships, awards, and research projects within the institution, as well as various funds. This nonprofit organization extends its support to educational and related institutions, with a specific focus on King's College London and its initiatives. Their activities also encompass supporting US scholars through specialized programs and contributing to the annual fund and various research projects based at King's College London.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Friends Of King's College London Association Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid overall score driven entirely by its Accountability & Finance metrics. An 85% score indicates a commendable level of transparency and fiscal responsibility, which is critical for building trust with donors and stakeholders.
The organization boasts a fully independent board and has demonstrated strong governance practices, including a robust audit and oversight committee. With no issues of asset diversion and a well-documented conflict of interest policy, the charity shows a commitment to ethical management practices. Additionally, their program expense ratio is exceptionally high at 99.62%, suggesting that most of their resources are directly allocated to fulfilling their mission.
However, there are some limitations noted in the fundraising efficiency ratio, which stands at $0.00, indicating that the organization may not have engaged in fundraising activities or has not reported such expenses effectively. Moreover, the working capital ratio of 0.17 years could raise concerns about the organization's liquidity and ability to cover short-term obligations. Overall, while the charity demonstrates strong accountability and programmatic focus, it may need to improve its fundraising strategies and financial reserves.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of King's College London Association Inc legitimate?
Friends Of King's College London Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of King's College London Association 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Friends Of King's College London Association Inc?
The Friends of King's College London Association Inc's mission is centered around supporting educational institutions. Specifically, their goal is to aid King's College London in upholding its mission and initiatives, as well as supporting the USA Scholars Program, the King's College London Annual Fund, and various research projects based at King's College London. This support encompasses scholarships, awards, research projects, and various funds at King's College London.
Who is the CEO of Friends Of King's College London Association Inc?
Kenneth Aldous is the Director / P of Friends Of King's College London Association Inc.
What is the revenue of Friends Of King's College London Association Inc?
Friends Of King's College London Association Inc's revenue in 2022 was $5,823,127.
Who are the executives of Friends Of King's College London Association Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Friends Of King's College London Association Inc?
Friends Of King's College London Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of King's College London Association Inc
Friends of King's College London Association Inc is an organization dedicated to supporting educational institutions. Their primary mission is to aid King's College London in achieving its objectives and initiatives. This support extends to various programs, including the USA Scholars Program, the King's College London Annual Fund, and numerous research projects based within the university. Additionally, the association contributes to various funds at King's College London, offering financial assistance for scholarships, awards, and other educational endeavors. In essence, Friends of King's College London Association Inc plays a crucial role in bolstering King's College London's educational endeavors and initiatives, thereby contributing to the broader academic community.
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Impact
August, 2024
Friends Of King's College London Association Inc's impact is substantial, as it provides crucial support to King's College London for scholarships, awards, research projects, and various funds. By contributing to the King's College mission and initiatives, supporting the USA Scholars Program, the King's College London Annual Fund, and research projects based at King's College London, this organization plays a vital role in advancing education and fostering international collaboration. Its efforts help empower students, researchers, and educational institutions to excel and make a positive impact on society.
This information is meant to be a general summary of Friends Of King's College London Association 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: -$356
- Gross Receipts: $5,888,976
Assets and Liabilities:
- Total Assets: $444,733
- Total Liabilities: $0
- Net Assets: $444,733
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Organization Details
Founding Year
1984
Phone
(646) 867-0994Principal Officer
Kenneth Aldous
Main Address
1350 AVE OF THE AMERICAS FL2 STE266, NEW YORK, NY, 10019
NTEE Category
Code: Q113 - International
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