Overview
What is Cis Development Foundation Inc?
The Cis Development Foundation, based in East Brunswick, New Jersey, is a charitable organization that extends a helping hand to citizens and businesses within the Commonwealth of Independent States (C.I.S.). Their mission is to foster development in this region by supplying essential items and resources. These offerings encompass equipment, household essentials, clothing, and more. Through their compassionate efforts, the Cis Development Foundation aims to make a positive impact on the lives of those in need within the C.I.S. community.
Official website here: www.cisdf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Cis Development Foundation Inc has received a 75% score from Charity Navigator, indicating a solid performance in accountability and financial health. The organization features a fully independent board and demonstrates effective financial oversight. Notably, the charity maintains a high program expense ratio of 99.68%, signifying that nearly all of its funds are directed towards its mission rather than administrative costs.
Despite these strengths, there are some significant areas for improvement. The organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which have resulted in zero points in those categories. Additionally, the absence of an audited financial statement on the nonprofit's website may raise concerns regarding transparency.
While the foundation shows great efficiency in fundraising and has no loan dealings with officers, the working capital ratio of 0.09 years suggests a potential liquidity risk. Overall, Cis Development Foundation Inc exhibits strong commitment to its mission but should address its governance policies and transparency measures to enhance trust and credibility with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cis Development Foundation Inc legitimate?
Cis Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cis Development 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: $216,668
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cisdf.com
What is the mission statement of Cis Development Foundation Inc?
The Cis Development Foundation is a philanthropic organization dedicated to supporting the development of citizens and businesses within the Commonwealth of Independent States (C.I.S.). Through charitable efforts, the foundation aims to provide essential resources and assistance to individuals and enterprises in need. These resources may include equipment, household items, and clothing, contributing significantly to their overall well-being and progress. By offering aid, the Cis Development Foundation plays a crucial role in fostering growth and improvement within the C.I.S. community.
Official website here: www.cisdf.com
Who is the CEO of Cis Development Foundation Inc?
Alexander Bondarev is the Chairman Of The Board of Cis Development Foundation Inc.
Official website here: www.cisdf.com
What is the revenue of Cis Development Foundation Inc?
Cis Development Foundation Inc's revenue in 2022 was $62,866,043.
Official website here: www.cisdf.com
Who are the executives of Cis Development Foundation Inc and what are their salaries?
The average compensation at Cis Development Foundation Inc during 2022 was $108,334. There are 2 employees at Cis Development Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $113,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $102,917
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cisdf.com
Where can I find the form 990 for Cis Development Foundation Inc?
Cis Development Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cisdf.com
Learn more at the official website: www.cisdf.com
Mission Statement of Cis Development Foundation Inc
The Cis Development Foundation, a charitable organization, is dedicated to assisting the development of citizens and enterprises within the Commonwealth of Independent States (C.I.S.) through humanitarian aid. With a base in East Brunswick, New Jersey, this foundation plays a vital role in providing essential resources to those in need.
In practice, the Cis Development Foundation focuses on supplying equipment, household items, and clothing to the C.I.S. community. By doing so, it aims to make a tangible impact on the daily lives of individuals and businesses in this region. The foundation's mission is deeply rooted in the belief that this assistance will contribute to the overall progress and growth of the Commonwealth of Independent States.
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Impact
October, 2024
Cis Development Foundation Inc actively supports communities and enterprises within the Commonwealth of Independent States by delivering essential resources such as equipment, household items, and clothing. Through its operations in East Brunswick, NJ, the organization facilitates the development of these communities, enhancing the quality of life for individuals and boosting local enterprises. By addressing immediate needs and fostering sustainable growth, the foundation plays a crucial role in empowering citizens and promoting economic advancement in the region.
This information is meant to be a general summary of Cis Development 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: $297
- Gross Receipts: $62,866,043
Assets and Liabilities:
- Total Assets: $9,322,702
- Total Liabilities: $94,767
- Net Assets: $9,227,935
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Organization Details
Founding Year
1994
Phone
(732) 432-7037Principal Officer
Alexander Bondarev
Main Address
77 MILLTOWN ROAD, EAST BRUNSWICK, NJ, 08816
Website
www.cisdf.comNTEE Category
Code: Q30 - International
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