Overview
What is Seoul National University Foundation Inc?
Seoul National University Foundation Inc is a charitable organization situated in Fort Lee, New Jersey, specifically at 222 Bridge Plaza South Suite 720. Their primary mission is to promote education and educational excellence, providing financial aid to students, institutions, and other organizations. They actively contribute to educational assistances and charitable activities, aiming to support the growth and development of Seoul National University and its affiliates.
Official website here: www.give2snu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
The Seoul National University Foundation Inc has received an 85% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization has a fully independent board, scoring full points in both the majority independent board members and independent board size categories. Additionally, the foundation demonstrates strong practices in areas such as material diversion of assets and the documentation of board meeting minutes.
However, there are notable areas where the foundation's scoring is lacking. Specifically, it received zero points for its fundraising efficiency ratio, which suggests potential challenges in generating funds relative to expenses. Furthermore, the absence of a whistleblower policy and shortcomings in document retention and destruction policies indicate room for improvement in governance practices.
Overall, while the foundation displays strong governance in certain aspects, the weaknesses in fundraising efficiency and policy frameworks highlight the need for strategic development to enhance its operational effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Seoul National University Foundation Inc legitimate?
Seoul National University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seoul National University 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.give2snu.org
What is the mission statement of Seoul National University Foundation Inc?
The Seoul National University Foundation Inc. is committed to being contributory in the realm of educational assistance and charitable activities. Their mission extends to supporting the development of Seoul National University and its affiliates. To achieve this, they encourage educational excellence by providing scholarships and financial assistance to students, institutions, and other organizations. Their primary goal is to foster an environment that promotes learning and development.
Official website here: www.give2snu.org
Who is the CEO of Seoul National University Foundation Inc?
Manuel M Lee is the President of Seoul National University Foundation Inc.
Official website here: www.give2snu.org
What is the revenue of Seoul National University Foundation Inc?
Seoul National University Foundation Inc's revenue in 2022 was $981,840.
Official website here: www.give2snu.org
Who are the executives of Seoul National University Foundation Inc and what are their salaries?
There 2 volunteers at Seoul National University Foundation Inc.
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Official website here: www.give2snu.org
Where can I find the form 990 for Seoul National University Foundation Inc?
Seoul National University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.give2snu.org
Learn more at the official website: www.give2snu.org
Mission Statement of Seoul National University Foundation Inc
Seoul National University Foundation Inc is committed to making significant contributions towards educational assistance, charitable activities, and the development of Seoul National University and its affiliates. The organization's mission is multifaceted, aiming to encourage educational excellence through the provision of scholarships and financial aid to students, institutions, and other organizations. By doing so, Seoul National University Foundation Inc seeks to foster an environment that nurtures academic growth and success, ultimately benefiting society as a whole.
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Impact
October, 2024
Seoul National University Foundation Inc significantly contributes to enhancing educational opportunities and fostering academic excellence. By providing scholarships and financial assistance to students and supporting various educational institutions and organizations, it plays a pivotal role in developing the educational landscape. The foundation’s charitable activities are aimed at promoting the advancement of Seoul National University and its affiliates, ensuring that quality education remains accessible. Its efforts not only support individual students in achieving their academic goals but also bolster the overall educational framework, ultimately benefiting the broader community.
This information is meant to be a general summary of Seoul National University 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: -$108,821
- Gross Receipts: $981,840
Assets and Liabilities:
- Total Assets: $5,692,507
- Total Liabilities: $5,000
- Net Assets: $5,687,507
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Organization Details
Founding Year
2008
Phone
(212) 768-9144Principal Officer
Manuel M Lee
Main Address
222 BRIDGE PLAZA SOUTH SUITE 720, FORT LEE, NJ, 07024
Website
www.give2snu.orgNTEE Category
Code: B84 - Education
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