Overview
What is Maharashtra Foundation Inc?
Maharashtra Foundation Inc is a nonprofit organization committed to funding charitable projects in both India and the United States. Their mission revolves around promoting social and economic justice, upholding humanitarian values such as freedom, equality, secularism, and human rights. By providing financial support to various organizations, Maharashtra Foundation aids weaker sections of society in both countries. Their aim is to contribute positively and make a significant impact on these communities.
Official website here: www.maharashtrafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Maharashtra Foundation Inc has received an 84% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The organization demonstrates strong governance practices, with a fully independent board and no material diversions of assets, indicating effective oversight and integrity in management.
However, there are noted areas for improvement, particularly in policy documentation. The foundation lacks conflict of interest, whistleblower, and document retention policies, which are essential for transparency and ethical management. Additionally, the absence of financial documents on its website reduces accessibility for stakeholders interested in reviewing its financial health.
Despite these limitations, Maharashtra Foundation Inc excels in program expenditure, with a remarkable 95.64% spent directly on its programs. This commitment to channeling funds towards its mission is commendable and highlights the organization's dedication to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Maharashtra Foundation Inc legitimate?
Maharashtra Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maharashtra 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:
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Official website here: www.maharashtrafoundation.org
What is the mission statement of Maharashtra Foundation Inc?
The Maharashtra Foundation, a charitable organization, is dedicated to funding projects in both India and the United States. Their mission is centered around promoting social and economic justice for all, upholding humanitarian principles such as freedom, equality, secularism, and human rights. The foundation supports organizations that work towards assisting weaker sections of society. Their aim is to contribute to the betterment of society by providing financial support to deserving initiatives.
Official website here: www.maharashtrafoundation.org
Who is the CEO of Maharashtra Foundation Inc?
Vivek Patankar is the Member of Maharashtra Foundation Inc.
Official website here: www.maharashtrafoundation.org
What is the revenue of Maharashtra Foundation Inc?
Maharashtra Foundation Inc's revenue in 2022 was $1,257,978.
Official website here: www.maharashtrafoundation.org
Who are the executives of Maharashtra Foundation Inc and what are their salaries?
There 10 volunteers at Maharashtra Foundation Inc.
Here are 10 key members and their salaries:
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Official website here: www.maharashtrafoundation.org
Where can I find the form 990 for Maharashtra Foundation Inc?
Maharashtra Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.maharashtrafoundation.org
Learn more at the official website: www.maharashtrafoundation.org
Mission Statement of Maharashtra Foundation Inc
The Maharashtra Foundation, an esteemed nonprofit organization, is dedicated to funding charitable projects in both India and the United States. Its mission is centered around promoting social and economic justice for all, upholding the fundamental humanitarian principles of freedom, equality, secularism, and human rights. By adhering to these principles, the Maharashtra Foundation seeks to provide support to organizations that cater to the needs of weaker sections of society. In essence, the goal of this nonprofit is to contribute to a more equitable and just world, where every individual has the opportunity to thrive.
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Impact
October, 2024
Maharashtra Foundation Inc significantly impacts communities in both India and the USA by funding charitable projects that promote social and economic justice. By upholding humanitarian principles such as freedom, equality, secularism, and human rights, the organization plays a crucial role in supporting the weaker sections of society. Through its financial backing, it empowers local organizations to address pressing issues, improve livelihoods, and foster inclusive growth.
By facilitating access to resources and services, Maharashtra Foundation Inc helps to alleviate poverty and enhance the overall well-being of marginalized communities. Its commitment to these values ensures that collaborative initiatives surface, leading to sustainable development and lasting change. The organization’s influence extends beyond mere funding, as it actively champions the rights and dignity of individuals, creating a ripple effect of positive transformation in society.
This information is meant to be a general summary of Maharashtra 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: $156,189
- Gross Receipts: $1,257,978
Assets and Liabilities:
- Total Assets: $5,202,627
- Total Liabilities: $10,075
- Net Assets: $5,192,552
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Organization Details
Founding Year
1999
Phone
(978) 985-2346Principal Officer
Vivek Patankar
Main Address
PO BOX 2287 CHURCH ST, NEW YORK, NY, 10008
NTEE Category
Code: T30 - Philanthropy
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