Overview
What is The University Of The Witwatersrand Fund Inc?
The University of the Witwatersrand Fund Inc is a nonprofit organization located in New York, New York, specifically at PO Box 7101. Its primary mission is to provide financial support for the University of the Witwatersrand located in South Africa. This nonprofit organization has a modest workforce of one employee, yet it plays a significant role in furthering the educational pursuits of the University of the Witwatersrand.
Official website here: www.witsfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 58%, One-Star out of Four Star rating.
The University Of The Witwatersrand Fund Inc has received a one-star rating from Charity Navigator, reflecting concerns regarding its financial transparency and accountability. While the organization boasts a fully independent board and has adhered to certain governance policies, it falls short in critical areas such as financial statement availability and missing policies related to whistleblowing and document retention.
Despite these shortcomings, the fund demonstrates a strong commitment to its programs, evidenced by an impressive program expense ratio of 86.82%. This indicates that a significant majority of its expenditures are directed toward its charitable activities, which is a positive aspect of its operations. However, the high liabilities to assets ratio of 258.58% raises questions about the financial health and sustainability of the organization.
Overall, while the University Of The Witwatersrand Fund Inc shows strengths in governance and program execution, its lack of financial transparency and missing key operational policies limit its overall rating and may affect donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is The University Of The Witwatersrand Fund Inc legitimate?
The University Of The Witwatersrand Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The University Of The Witwatersrand Fund 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: $92,808
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.witsfund.org
What is the mission statement of The University Of The Witwatersrand Fund Inc?
The University of The Witwatersrand Fund Inc's mission is centered around providing support to the University of The Witwatersrand in South Africa. This support is materialized through the distribution of grants. The primary objective of this organization is to uphold and contribute to the academic growth and development of the University of The Witwatersrand, without specifying a particular location.
Official website here: www.witsfund.org
Who is the CEO of The University Of The Witwatersrand Fund Inc?
Jane Levy is the Chair of The University Of The Witwatersrand Fund Inc.
Official website here: www.witsfund.org
What is the revenue of The University Of The Witwatersrand Fund Inc?
The University Of The Witwatersrand Fund Inc's revenue in 2022 was $1,148,816.
Official website here: www.witsfund.org
Who are the executives of The University Of The Witwatersrand Fund Inc and what are their salaries?
The average compensation at The University Of The Witwatersrand Fund Inc during 2022 was $92,808. There is 1 employee at The University Of The Witwatersrand Fund Inc.
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Official website here: www.witsfund.org
Where can I find the form 990 for The University Of The Witwatersrand Fund Inc?
The University Of The Witwatersrand Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.witsfund.org
Learn more at the official website: www.witsfund.org
Mission Statement of The University Of The Witwatersrand Fund Inc
The University of the Witwatersrand Fund Inc is dedicated to providing support for the University of the Witwatersrand in South Africa. In essence, its mission involves extending financial aid to this esteemed academic institution. This nonprofit organization actively contributes to the University of the Witwatersrand's growth and development by granting funds to various initiatives and projects. By doing so, it plays a significant role in fostering the continued success of the university.
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Impact
October, 2024
The University of the Witwatersrand Fund Inc plays a vital role in enhancing the educational landscape of South Africa by providing essential financial support to the University of the Witwatersrand. Through targeted grants, the fund contributes to various initiatives, fostering academic excellence and supporting critical infrastructure within the university.
By facilitating resources aimed at improving faculty and student experiences, the fund helps to nurture a vibrant academic community that promotes research and innovation. Additionally, its commitment to employment-related programs aids in equipping graduates with skills needed in the job market, thereby contributing to economic development in South Africa. The university's reputation for excellence is bolstered through these efforts, ultimately benefiting students, faculty, and the broader society.
This information is meant to be a general summary of The University Of The Witwatersrand Fund 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: $88
- Gross Receipts: $1,148,816
Assets and Liabilities:
- Total Assets: $36,793
- Total Liabilities: $95,145
- Net Assets: -$58,352
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Organization Details
Founding Year
1996
Phone
(646) 831-8852Principal Officer
Jane Levy
Main Address
PO BOX 7101, NEW YORK, NY, 10150
Website
www.witsfund.orgNTEE Category
Code: J20 - Employment
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