Overview
What is Vishal Raju Bhagat Foundation?
The Vishal Raju Bhagat Foundation, situated in Rockport, Texas, is a nonprofit organization. Their primary focus is on conducting an annual drive and golf tournament to accumulate funds. These funds are then channeled towards diabetes research and various other nonprofit entities. The foundation's mission is dedicated to raising substantial financial support for diabetes research and numerous charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
The Vishal Raju Bhagat Foundation has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The foundation's score indicates a lack of independent board members, as it has 0% of its board members independent, which raises questions about governance. Additionally, the absence of key financial documents on its website and a missing conflict of interest policy are critical weaknesses highlighted in the evaluation.
Despite these governance issues, the foundation has been noted for its high program expense ratio of 96.73%, suggesting that a substantial portion of its funds is directed toward its mission-related programs. This indicates a commitment to its cause, although the overall lack of transparency and governance structures may detract from its overall effectiveness and reliability as a nonprofit organization.
The foundation received perfect scores in certain areas, such as liabilities to assets ratio, indicating strong financial health in terms of debt management. However, the absence of crucial policies and documentation limits its accountability, urging potential donors to exercise caution. Overall, while the foundation appears to be utilizing its resources effectively, the governance and transparency issues need to be addressed to improve its standing and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Vishal Raju Bhagat Foundation legitimate?
Vishal Raju Bhagat Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vishal Raju Bhagat Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Vishal Raju Bhagat Foundation?
The Vishal Raju Bhagat Foundation is committed to raising funds for diabetes research and various non-profit entities. This mission is carried out through annual drive and golf tournaments, aiming to generate substantial contributions for diabetes research and other charitable organizations. The foundation's activities serve to support ongoing research and initiatives aimed at improving the lives of those affected by diabetes and other societal issues.
Who is the CEO of Vishal Raju Bhagat Foundation?
Raju Bhagat is the President of Vishal Raju Bhagat Foundation.
What is the revenue of Vishal Raju Bhagat Foundation?
Vishal Raju Bhagat Foundation's revenue in 2022 was $515,104.
Who are the executives of Vishal Raju Bhagat Foundation and what are their salaries?
There 500 volunteers at Vishal Raju Bhagat Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Vishal Raju Bhagat Foundation?
Vishal Raju Bhagat Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Vishal Raju Bhagat Foundation
The Vishal Raju Bhagat Foundation is an organization that is committed to raising funds for diabetes research and various non-profit entities. Its primary mission is to generate resources in this regard, working tirelessly towards this cause. The foundation achieves this goal through an annual drive and golf tournament, which serves as a platform for collecting funds for diabetes research and supporting other non-profit organizations. This philanthropic initiative demonstrates the foundation's dedication to making a significant impact in the field of diabetes research and contributing to the well-being of numerous non-profit organizations.
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Impact
July, 2024
The Vishal Raju Bhagat Foundation's impact is felt through its efforts to raise funds for diabetes research and other non-profit organizations. Through their annual drive and golf tournament, they gather resources to support important causes related to diabetes and other charitable endeavors. Their work in Rockport, TX, showcases a commitment to making a positive difference in the lives of those affected by diabetes and other health challenges.
This information is meant to be a general summary of Vishal Raju Bhagat Foundation. 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.
- Gross Receipts: $644,148
Assets and Liabilities:
- Total Assets: $1,258,261
- Total Liabilities: $0
- Net Assets: $1,258,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NONE
Organization Details
Founding Year
2007
Phone
(361) 241-6675Principal Officer
Raju Bhagat
Main Address
105 N MAGNOLIA, ROCKPORT, TX, 78382
NTEE Category
Code: A57 - Arts
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