Overview
What is Global Friendship Ventures?
Global Friendship Ventures is a nonprofit organization situated in Norfolk, Virginia. With a team of six dedicated individuals, their primary mission is to foster friendship and community among international students studying in the Norfolk area. They accomplish this by providing assistance to these students as they adapt to collegiate life in the United States. This aid encompasses offering housing and programs within a residence hall, thereby creating an inclusive environment that facilitates their smooth transition.
Official website here: www.globalfriendshiphouse.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 69%)
Global Friendship Ventures has received a Two-Star rating from Charity Navigator, indicating that while there are some positive aspects, significant areas need improvement. The organization's overall score of 69% reflects a strong emphasis on program expenses, with an impressive 95.89% of its budget allocated to programs, signaling a commitment to its mission.
However, the ratings reveal concerns regarding accountability and financial transparency. While the organization is commendable for having a fully independent board, it lacks essential policies such as conflict of interest and whistleblower protections. Additionally, the absence of financial statements on its website raises questions about fiscal accountability, impacting its overall rating.
Despite these challenges, Global Friendship Ventures demonstrates effective asset management, maintaining a low liabilities-to-assets ratio of 10.51%. Addressing the noted weaknesses could enhance the organization's credibility and improve its rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Global Friendship Ventures legitimate?
Global Friendship Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Global Friendship Ventures 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: $169,497
For more financial information, click here
Official website here: www.globalfriendshiphouse.org
What is the mission statement of Global Friendship Ventures?
Global Friendship Ventures' mission is centered around fostering friendship and community among international students studying in the United States, specifically in an area such as Norfolk, Virginia. They aim to provide assistance to these students, helping them adapt to collegiate life in the United States. This is accomplished through offering housing and programs while the students reside in residence halls. In essence, Global Friendship Ventures seeks to create a supportive environment for international students, enabling them to navigate their academic journey more smoothly.
Official website here: www.globalfriendshiphouse.org
Who is the CEO of Global Friendship Ventures?
Richard Hardison is the President of Global Friendship Ventures.
Official website here: www.globalfriendshiphouse.org
What is the revenue of Global Friendship Ventures?
Global Friendship Ventures's revenue in 2022 was $796,481.
Official website here: www.globalfriendshiphouse.org
Who are the executives of Global Friendship Ventures and what are their salaries?
The average compensation at Global Friendship Ventures during 2022 was $28,250. There are 6 employees and 60 volunteers at Global Friendship Ventures.
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Official website here: www.globalfriendshiphouse.org
Where can I find the form 990 for Global Friendship Ventures?
Global Friendship Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.globalfriendshiphouse.org
Learn more at the official website: www.globalfriendshiphouse.org
Mission Statement of Global Friendship Ventures
Global Friendship Ventures, as an organization, is dedicated to fostering camaraderie and community among international students studying in the Norfolk, Virginia area. Their primary mission is to offer assistance to these students, helping them navigate the intricacies of collegiate life in the United States. By providing housing and programs within a residence hall, Global Friendship Ventures aims to simplify the adaptation process for these students, ensuring they feel supported and integrated.
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Impact
October, 2024
Global Friendship Ventures fosters a vital sense of community and belonging among international students in the Norfolk, Virginia area. By facilitating friendships and offering essential support, it significantly eases the transition for these students as they adapt to collegiate life in the United States. Through organized programs and housing assistance, the initiative helps students navigate cultural differences and academic challenges, creating a supportive environment where they can thrive personally and academically. This impact not only enriches the lives of the international students but also enhances the cultural diversity of the local community, fostering mutual understanding and connections between different cultures.
This information is meant to be a general summary of Global Friendship Ventures. 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: $856
- Program Service Revenue: $805
- Gross Receipts: $796,481
Assets and Liabilities:
- Total Assets: $4,058,101
- Total Liabilities: $426,642
- Net Assets: $3,631,459
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$805
Organization Details
Founding Year
2008
Phone
(757) 537-7682Principal Officer
Richard Hardison
Main Address
1241 43RD STREET, NORFOLK, VA, 23508
NTEE Category
Code: B60 - Education
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