Overview
What is Pan Karpathian Foundation Inc?
Pan Karpathian Foundation Inc, located in Union, New Jersey, is a nonprofit organization dedicated to fostering ethnic, cultural, and philanthropic causes within its community. One of its primary initiatives is the provision of scholarship programs. These scholarships are awarded to eligible applicants, assessed based on their academic performance, community involvement, and financial needs. The foundation's mission is multifaceted, focusing on both academic merit and community service, as well as addressing the financial needs of its recipients.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Pan Karpathian Foundation Inc has received a low rating of 33%, resulting in a Zero-Star out of Four Star rating. This score indicates significant deficiencies in areas concerning accountability and finance, which are critical for transparency and effective governance within nonprofit organizations. Notably, while the foundation has a majority independent board and no material diversion of assets, it has several missing policies and documentation that are essential for maintaining accountability.
Strengths of the organization include a fully independent board and proper documentation of board meeting minutes. However, the lack of key policies such as conflict of interest and whistleblower protections, along with the absence of the charity's website listed on tax forms, raises concerns about its governance structure. Additionally, the foundation's liabilities to assets ratio indicates potential financial instability.
Overall, the Pan Karpathian Foundation Inc faces considerable challenges that could hinder its operational effectiveness and public trust. Its low program expense ratio further suggests that a minimal percentage of its funds are directed towards its intended programs, which may affect its overall impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Pan Karpathian Foundation Inc legitimate?
Pan Karpathian Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pan Karpathian 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pan Karpathian Foundation Inc?
The Pan Karpathian Foundation Inc's mission is centered around promoting ethnic, cultural, and philanthropic causes within the community. A significant part of their activities involves awarding scholarships based on academic merit, community service, and financial needs. The scholarship selection process is handled by a committee, evaluating applicants based on their academic achievements and financial necessities.
Who is the CEO of Pan Karpathian Foundation Inc?
William Halkias is the President of Pan Karpathian Foundation Inc.
What is the revenue of Pan Karpathian Foundation Inc?
Pan Karpathian Foundation Inc's revenue in 2022 was $31,050.
Who are the executives of Pan Karpathian Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Pan Karpathian Foundation Inc?
Pan Karpathian Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pan Karpathian Foundation Inc
Pan Karpathian Foundation Inc is committed to advancing ethnic, cultural, and philanthropic causes within the community. A significant part of their mission involves awarding scholarships to deserving individuals. Candidates for these scholarships are evaluated based on their academic performance, community service involvement, and financial needs. The foundation's scholarship program aims to support those who demonstrate both academic excellence and a dedication to giving back to their community. Through this initiative, Pan Karpathian Foundation Inc seeks to empower individuals and contribute to the betterment of society as a whole.
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Impact
August, 2024
Pan Karpathian Foundation Inc's impact is evident through its dedicated efforts to promote ethnic, cultural, and philanthropic causes within the community. One of the key ways it achieves this is through its scholarship programs, where deserving applicants are awarded financial assistance based on academic merit, community service, and demonstrated needs. By supporting students in pursuing their educational goals, the foundation not only invests in individual success but also contributes to the overall growth and development of the community. The foundation's commitment to fostering a culture of giving back and supporting diversity exemplifies the essence of philanthropy in action.
This information is meant to be a general summary of Pan Karpathian 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.
- Gross Receipts: $31,050
Assets and Liabilities:
- Total Assets: $805,183
- Total Liabilities: $10,706
- Net Assets: $794,477
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Organization Details
Founding Year
1981
Principal Officer
William Halkias
Main Address
1150 MORRIS AVENUE, Union, NJ, 07083
NTEE Category
Code: T00 - Philanthropy
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