Overview
What is Paa Foundation Inc?
Paa Foundation Inc, based in Clearwater, Florida, is a nonprofit organization primarily focused on fundraising efforts. Their mission is to support the educational, cultural, and philanthropic activities that embody the Pancretan culture. This support is primarily channeled through a Scholarship Fund, aimed at providing financial assistance to individuals. The foundation's activities are centered around this noble cause, contributing to the betterment of their community and preserving their cultural heritage.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Paa Foundation Inc has earned a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts a strong program expense ratio of 99.84%, highlighting its commitment to utilizing funds directly for its programs. Additionally, it has a solid accountability score due to its fully independent board and no material diversions of assets.
However, the organization has notable limitations in several areas. Specifically, it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and documentation retention and destruction policy, which may raise concerns about governance practices. Furthermore, the absence of critical documents like the tax form on its website and the listing of its web address on tax forms suggests areas where transparency could be improved.
Overall, while Paa Foundation Inc demonstrates strong financial management and accountability through its board structure and program funding, it should address the identified governance gaps to enhance trust and transparency with its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Paa Foundation Inc legitimate?
Paa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paa 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 Paa Foundation Inc?
The Paa Foundation Inc's mission is centered around raising funds to sustain educational, cultural, and philanthropic initiatives that uphold the Pancretan culture. By doing so, they aim to support the Scholarship Program and various other cultural activities under the auspices of the Pancretan Association of America. In essence, their goal is to foster the preservation and celebration of Pancretan heritage through financial support and various related activities.
Who is the CEO of Paa Foundation Inc?
Kostas Katsohirakis is the Chairman of Paa Foundation Inc.
What is the revenue of Paa Foundation Inc?
Paa Foundation Inc's revenue in 2022 was $69,137.
Who are the executives of Paa Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Paa Foundation Inc?
Paa Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paa Foundation Inc
Paa Foundation Inc, a nonprofit organization, is dedicated to raising funds for the scholarly, cultural, and educational programs of the Pancretan Association of America. Its mission encompasses supporting educational, cultural, and philanthropic activities that uphold the Pancretan culture. The primary goal of this foundation is to provide financial aid for these initiatives, thereby enabling the Pancretan Association of America to carry out its educational and cultural programs effectively.
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Impact
August, 2024
Paa Foundation Inc's impact is significant in supporting educational, cultural, and philanthropic initiatives that are essential in preserving and promoting the Pancretan culture. Through raising funds for the Scholarship Fund of the Pancretan Association of America, Paa Foundation Inc plays a vital role in ensuring that educational and cultural programs are accessible to members of the community. By doing so, the foundation contributes to the preservation of heritage and the advancement of knowledge within the Pancretan community in Clearwater, FL, and beyond.
This information is meant to be a general summary of Paa 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: $37
- Gross Receipts: $69,137
Assets and Liabilities:
- Total Assets: $15,255
- Total Liabilities: $0
- Net Assets: $15,255
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Organization Details
Founding Year
2006
Phone
(727) 386-4386Principal Officer
Kostas Katsohirakis
Main Address
2110 DREW STREET, CLEARWATER, FL, 33765
NTEE Category
Code: T30 - Philanthropy
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