Overview
What is Frontstream Global Fund?
Frontstream Global Fund is a charitable organization based in Alexandria, Virginia, with the address 1199 North Fairfax Street, ZIP code 22314. The organization's mission is to encourage charitable giving by providing services and expertise for the efficient and expeditious collection, processing, and distribution of donations to designated charities through various online platforms and campaigns. In the current year, they distributed a substantial sum of $18,132,189 to charities, as listed in Schedule I for grants exceeding $5,000.
Official website here: www.frontstreamglobalfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Frontstream Global Fund has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance primarily assessed through its Accountability & Finance metrics. The organization demonstrates strong governance practices, including a fully independent board and comprehensive financial oversight, evidenced by its perfect scores in areas such as independent board size, financial audit, and material diversion of assets.
However, the charity's rating is significantly impacted by its fundraising efficiency and financial ratios. With a fundraising efficiency ratio of $0.002 and a liabilities-to-assets ratio of 97.18%, there are concerns regarding its financial stability and capacity to sustain its operations in the long term. Additionally, the absence of working capital raises questions about its liquidity.
Overall, while Frontstream Global Fund exhibits robust governance and accountability measures, it faces challenges in its financial performance, which may affect its overall effectiveness and sustainability as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Frontstream Global Fund legitimate?
Frontstream Global Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frontstream Global Fund 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.frontstreamglobalfund.org
What is the mission statement of Frontstream Global Fund?
The Frontstream Global Fund operates with the goal of facilitating charitable giving. They accomplish this by collaborating with third-party online platforms and campaigns to streamline the process of collecting, processing, and distributing donations to designated charities. In the past year, the fund successfully distributed a significant amount of $18,132,189 to various charities. Details of grants exceeding $5,000 can be found in the provided schedule.
Official website here: www.frontstreamglobalfund.org
Who is the CEO of Frontstream Global Fund?
Paul Plaia is the Chairman As Of 3/24/22 of Frontstream Global Fund.
Official website here: www.frontstreamglobalfund.org
What is the revenue of Frontstream Global Fund?
Frontstream Global Fund's revenue in 2022 was $19,414,740.
Official website here: www.frontstreamglobalfund.org
Who are the executives of Frontstream Global Fund and what are their salaries?
There 5 volunteers at Frontstream Global Fund.
Here are 9 key members and their salaries:
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Official website here: www.frontstreamglobalfund.org
Where can I find the form 990 for Frontstream Global Fund?
Frontstream Global Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frontstreamglobalfund.org
Learn more at the official website: www.frontstreamglobalfund.org
Mission Statement of Frontstream Global Fund
Frontstream Global Fund, a leading organization in charitable giving, is dedicated to encouraging donations by facilitating the swift and effective collection, processing, and distribution of contributions to designated charities through its expertise with third-party online giving platforms and campaigns. The mission of Frontstream Global Fund revolves around streamlining the charitable giving process, ensuring the efficient transfer of funds to the intended recipients.
In the current fiscal year, this prominent philanthropic entity has successfully channeled a notable amount of $18,132,189 towards numerous charitable causes. By optimizing the charitable giving process, Frontstream Global Fund enables donors to support their chosen organizations in a timely and seamless manner, ultimately maximizing the impact of their generosity. The organization's commitment to efficient and expeditious charitable donations has proven invaluable in enabling charities to focus on their essential missions and services, rather than being bogged down by administrative complexities.
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Impact
October, 2024
Frontstream Global Fund has made a significant impact by distributing $18,132,189 to various designated charities in the current year. This substantial financial support aids numerous organizations, enhancing their capacity to serve communities and address diverse needs. By leveraging its expertise in online giving platforms, Frontstream Global Fund promotes and streamlines charitable giving, ensuring efficient collection, processing, and distribution of contributions. Its focused mission encourages philanthropy, ultimately benefiting a wide range of human services and contributing to the overall welfare of communities.
This information is meant to be a general summary of Frontstream Global Fund. 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.
- Program Service Revenue: $112,200
- Gross Receipts: $19,414,740
Assets and Liabilities:
- Total Assets: $871,140
- Total Liabilities: $838,987
- Net Assets: $32,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION FEES
Revenue
$112,200
Organization Details
Founding Year
2008
Phone
(703) 717-5200Principal Officer
Paul Plaia
Main Address
1199 NORTH FAIRFAX STREET, ALEXANDRIA, VA, 22314
NTEE Category
Code: P20 - Human services
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