Overview
What is University College London Friends & Alumni Association Inc?
University College London Friends & Alumni Association Inc is a nonprofit organization situated in New York, NY, dedicated to strengthening ties between the prestigious University College London (UCL) and its alumni and supporters based in the United States. The association's primary purpose is to promote relationships between UCL and American individuals, furthering the objectives outlined in its charter. Through this connection, the organization raises funds for health research, scholarships, and operational expenses at UCL in the UK. By fostering these linkages, the association aims to enrich both the academic community and the lives of its supporters.
Official website here: www.uclfaa.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
University College London Friends & Alumni Association Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization demonstrates a high level of transparency and integrity, with a remarkable score of 96 in accountability and finance metrics. This rating indicates that the charity effectively manages its resources and adheres to best practices in governance.
The association boasts a majority independent board, with 93% of its members being independent, and a robust board size consisting of 15 members. Its financial oversight is further endorsed by perfect scores in various governance measures, including having an audit and oversight committee and clear conflict of interest and whistleblower policies. The organization demonstrates a solid commitment to maintaining ethical standards and operational effectiveness.
One of the key strengths highlighted is its program expense ratio of 88.15%, signifying that a significant portion of its expenses directly supports its mission. Additionally, the liabilities to assets ratio is exceptionally low at 0.91%, indicating a strong financial position with minimal risk. Overall, the data reflects a well-managed organization committed to its goals and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is University College London Friends & Alumni Association Inc legitimate?
University College London Friends & Alumni Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University College London Friends & Alumni 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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Official website here: www.uclfaa.org/
What is the mission statement of University College London Friends & Alumni Association Inc?
The University College London Friends & Alumni Association Inc's mission is to strengthen the connections between University College London (UCL) and its alumni and supporters based in the United States. This association aims to further UCL's objectives as outlined in its charter, primarily by fostering relationships and facilitating support. The funds raised by US-based supporters are allocated towards health research, scholarships, and operational expenses at UCL in the UK.
Official website here: www.uclfaa.org/
Who is the CEO of University College London Friends & Alumni Association Inc?
Simon Harris is the President of University College London Friends & Alumni Association Inc.
Official website here: www.uclfaa.org/
What is the revenue of University College London Friends & Alumni Association Inc?
University College London Friends & Alumni Association Inc's revenue in 2022 was $1,417,975.
Official website here: www.uclfaa.org/
Who are the executives of University College London Friends & Alumni Association Inc and what are their salaries?
There 16 volunteers at University College London Friends & Alumni Association Inc.
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Official website here: www.uclfaa.org/
Where can I find the form 990 for University College London Friends & Alumni Association Inc?
University College London Friends & Alumni Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uclfaa.org/
Learn more at the official website: www.uclfaa.org/
Mission Statement of University College London Friends & Alumni Association Inc
The University College London Friends & Alumni Association Inc is dedicated to strengthening the existing relationships between University College London (UCL) and its alumni and supporters based in the United States. This nonprofit organization's primary objective is to further the aims outlined in UCL's charter by fostering a sense of connection and community between the university and individuals residing in the USA. To achieve this, funds raised by supporters in the US are utilized to support various initiatives at UCL, including health research, scholarships, and operational expenses. The Association serves as a bridge, enhancing the ties between UCL and its supporters in the United States, thereby contributing to the university's growth and development.
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Impact
October, 2024
University College London Friends & Alumni Association Inc plays a pivotal role in strengthening the ties between University College London (UCL) and its alumni and supporters in the United States. By fostering connections, the association enhances the sense of community among UCL graduates living in the US, facilitating networking opportunities, mentorships, and collaborative initiatives.
The impact of this association extends beyond merely maintaining relationships; it actively contributes to critical areas at UCL through donations from US-based supporters. These funds significantly support health research initiatives, provide scholarships for deserving students, and cover various operating expenses at UCL in the UK. This financial backing enables the university to continue its commitment to excellence in education and research, ultimately benefiting society at large through advancements in health and education.
In summary, University College London Friends & Alumni Association Inc serves as a vital conduit for engagement and support that enriches both the university and the communities connected to it, contributing to the global impact of UCL’s mission.
This information is meant to be a general summary of University College London Friends & Alumni 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: $389,165
- Gross Receipts: $3,656,972
Assets and Liabilities:
- Total Assets: $12,041,039
- Total Liabilities: $110,260
- Net Assets: $11,930,779
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Organization Details
Founding Year
1991
Phone
(646) 867-0994Principal Officer
Simon Harris
Main Address
1350 AVENUE OF THE AMERICAS FL 2, NEW YORK, NY, 10019
Website
www.uclfaa.org/NTEE Category
Code: Q300 - International
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