Overview
What is Ada University Foundation?
Ada University Foundation is a charitable organization, headquartered in Washington D.C., that focuses on supporting Ada University, an institution of higher education in Baku, Azerbaijan. The foundation's activities encompass sponsorship, funding, administration, and maintenance of programs and projects aimed at enhancing Ada University's educational offerings. Additionally, the foundation promotes cultural awareness and administers educational and cultural activities in both Azerbaijan and the United States. By providing resources and encouragement, the Ada University Foundation contributes to the growth and development of Ada University and fosters cross-cultural understanding.
Official website here: www.adafund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
The Ada University Foundation has received a commendable score of 84%, indicating a solid level of accountability and finance management. This score is derived entirely from their Accountability & Finance metrics, which reflects the organization's commitment to transparency and responsible financial practices. The foundation has demonstrated excellence in various areas, such as maintaining an independent board and having well-audited financial statements.
Strengths of the foundation include a fully independent board and a very low liabilities-to-assets ratio, which suggests financial stability. Additionally, the organization allocates a significant portion of its budget—79.12%—toward program expenses, indicating a strong focus on its mission rather than administrative costs. However, there are some areas for improvement, such as the absence of a conflict of interest policy and a whistleblower policy, which are essential for ensuring ethical operations and safeguarding staff and volunteers.
Overall, while the Ada University Foundation shows strong financial accountability and responsible governance, addressing the missing policies could enhance its credibility and operational integrity further. The foundation's current strengths and areas for growth highlight its potential to serve effectively while striving for greater transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Ada University Foundation legitimate?
Ada University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ada University 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: $108,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $74,750
For more financial information, click here
Official website here: www.adafund.org
What is the mission statement of Ada University Foundation?
The Ada University Foundation is organized for charitable purposes, primarily to support the educational programs of Ada University and promote cultural awareness. Its mission involves sponsoring, funding, and administering programs and projects in alignment with Ada University's objectives. Additionally, the foundation is dedicated to promoting cultural awareness and organizing educational and cultural activities in both Azerbaijan and the United States of America. Ada University, the institution of higher education associated with the foundation, offers graduate and undergraduate degree programs in various strategic areas.
Official website here: www.adafund.org
Who is the CEO of Ada University Foundation?
Galib Mammad is the Board Member of Ada University Foundation.
Official website here: www.adafund.org
What is the revenue of Ada University Foundation?
Ada University Foundation's revenue in 2022 was $653,623.
Official website here: www.adafund.org
Who are the executives of Ada University Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $108,000
- Related: $0
- Other: $0
Official website here: www.adafund.org
Where can I find the form 990 for Ada University Foundation?
Ada University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adafund.org
Learn more at the official website: www.adafund.org
Mission Statement of Ada University Foundation
The Ada University Foundation, established for charitable purposes, is dedicated to supporting Ada University's educational programs and promoting cultural awareness. The organization's mission encompasses various specific objectives, including sponsoring, funding, and administering programs and projects in support of Ada University. This esteemed institution of higher education offers graduate and undergraduate degree programs in numerous strategic areas. Beyond supporting Ada University, the Ada University Foundation also focuses on promoting cultural awareness and administering educational and cultural activities in both Azerbaijan and the United States of America.
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Impact
July, 2024
Ada University Foundation's impact is significant in supporting Ada University's educational programs, promoting cultural awareness, and administering educational and cultural activities in Azerbaijan and the United States of America. The foundation engages in sponsorship, funding, administration, and maintenance of various programs and projects to support Ada University in Baku, Azerbaijan. Through its initiatives, the foundation contributes to the development of higher education and cultural understanding in both countries.
This information is meant to be a general summary of Ada University 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.
- Investment Income: $143,123
- Program Service Revenue: $360,000
- Gross Receipts: $653,623
Assets and Liabilities:
- Total Assets: $8,235,341
- Total Liabilities: $961,119
- Net Assets: $7,274,222
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM ADMINISTRATION
Revenue
$360,000
Organization Details
Founding Year
2007
Phone
(202) 621-6633Principal Officer
Galib Mammad
Main Address
1627 21ST STREET NW, WASHINGTON, DC, 20009
Website
www.adafund.orgNTEE Category
Code: B123 - Education
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