Overview
What is Friends Of The Poor Inc?
Friends of the Poor Inc is a nonprofit organization based in Circle Pines, Minnesota, with a specific focus on supporting the underprivileged in both North and South Vietnam. The organization, primarily driven by the Sisters of Servants of the Lord and priests in small churches in Ho Chi Minh City, provides care to over 20,000 villagers. In 2020, funds distributed by Friends of the Poor Inc were utilized to aid COVID-19 victims in North Vietnam, provide food and clothing to the needy, assist handicapped individuals, and support unwed mothers. The organization's mission is to alleviate poverty and enhance the lives of those in need in Vietnam.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
Friends Of The Poor Inc has received a 67% rating from Charity Navigator, indicating a moderate level of financial health and accountability. The organization excels in governance, with a fully independent board and no reported material diversion of assets. Its program expense ratio is notably high at 99.13%, reflecting a strong commitment to directing funds towards its charitable mission.
Despite these strengths, the overall score of 67% suggests there may be areas for improvement, particularly in financial management or transparency. The organization does score well in its documentation practices, showcasing adherence to best practices in board governance. However, stakeholders may want to seek additional information regarding operational efficiency or overall impact.
In summary, while Friends Of The Poor Inc demonstrates solid accountability and financial practices, potential donors and supporters should consider the rating as a factor for their engagement, keeping in mind the limited score reflects some room for improvement in overall organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Poor Inc legitimate?
Friends Of The Poor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Poor 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 Friends Of The Poor Inc?
Friends of the Poor Inc, as an organization, focuses on supporting the needs of the impoverished in both North and South Vietnam. Their mission is reflected in their activities, which involve providing aid to over 20,000 villagers. In 2020, funds distributed by the organization were utilized to assist COVID-19 victims in North Vietnam, offer food and clothing to the less fortunate, aid handicapped individuals, and support unwed mothers. The organization's efforts primarily include small churches in Ho Chi Minh City, where the Sisters of Servants of the Lord and local priests offer care and support.
Who is the CEO of Friends Of The Poor Inc?
Loc Nguyen is the President of Friends Of The Poor Inc.
What is the revenue of Friends Of The Poor Inc?
Friends Of The Poor Inc's revenue in 2022 was $499,672.
Who are the executives of Friends Of The Poor Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Friends Of The Poor Inc?
Friends Of The Poor Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Poor Inc
Friends of the Poor Inc, a nonprofit organization, is dedicated to supporting the needs of the impoverished in both North and South Vietnam. Their mission is to extend aid and care to those living in poverty, addressing various challenges they face. The Sisters of Servants of the Lord and priests in small churches in Ho Chi Minh City are instrumental in this mission, providing assistance to over 20,000 villagers.
In response to the COVID-19 pandemic, Friends of the Poor Inc allocated funds to help those affected in North Vietnam. Beyond addressing immediate needs such as food and clothing, the organization also extends aid to handicapped individuals and provides support for unwed mothers. This comprehensive approach demonstrates Friends of the Poor Inc's commitment to uplifting the most vulnerable members of the Vietnamese community.
In summary, Friends of the Poor Inc serves as a beacon of hope for the impoverished in North and South Vietnam. Through the tireless efforts of the Sisters of Servants of the Lord and priests in Ho Chi Minh City, the organization provides essential aid, addressing a wide range of challenges faced by the community. By offering support to the most vulnerable, Friends of the Poor Inc plays a crucial role in promoting a more equitable society.
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Impact
July, 2024
Friends Of The Poor Inc supports the needs of the impoverished in North and South Vietnam. The Sisters of Servants of the Lord and the priests in small churches in Ho Chi Minh City provide care for more than 20,000 villagers. Funds distributed by Friends Of The Poor Inc in 2020 were used to help COVID victims in North Vietnam, provide food and clothing to the poor, aid handicapped persons, and support unwed mothers. Their impact is evident in the tangible assistance they provide to those in need, making a difference in the lives of many individuals and families in Vietnam.
This information is meant to be a general summary of Friends Of The Poor 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: $36
- Gross Receipts: $499,672
Assets and Liabilities:
- Total Assets: $994,061
- Total Liabilities: $0
- Net Assets: $994,061
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Organization Details
Founding Year
2013
Principal Officer
Loc Nguyen
Main Address
311 LINDA LANE, CIRCLE PINES, MN, 55014
NTEE Category
Code: P20 - Human services
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