Overview
What is Ait North America Inc?
Ait North America Inc, based in New York City, New York, serves as a bridge between American and Hungarian students, primarily focusing on computer science, software engineering, and entrepreneurship. This nonprofit organization aims to strengthen American educational programs in these areas by exposing students to Hungarian programs, renowned for their tradition of excellence. By facilitating this international exchange, Ait North America Inc hopes to benefit both communities, both domestically and internationally. The organization operates with a small team of dedicated individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, Two-Star out of Four Star rating.
Ait North America Inc has received a Two-Star rating, indicating room for improvement in various accountability and financial aspects. The organization has demonstrated strong governance practices, with a fully independent board and policies for conflict of interest, whistleblower protection, and document retention. However, the lack of available financial statements significantly impacts its overall score, as transparency in financial reporting is crucial for donor trust.
The program expense ratio is notably high at 96.17%, suggesting that a substantial majority of financial resources are directed towards its programs rather than administrative costs. This indicates a commitment to its mission, but the 77.33% liabilities to assets ratio raises concerns about financial stability.
While the organization's governance structure is commendable, the absence of a website listed on tax forms and missing financial statements can hinder public access to important information. Addressing these limitations could enhance its accountability and overall rating, making it more appealing to potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ait North America Inc legitimate?
Ait North America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ait North America 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: $36,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ait North America Inc?
Ait North America Inc encourages an international exchange between American and Hungarian students specializing in computer science, software engineering, and entrepreneurship. Their mission is to enhance American programs in these areas by exposing American students to Hungarian programs that boast deep-rooted traditions of excellence. They hope that this exposure will benefit both the Hungarian community domestically and abroad, as well as enhance the educational experiences of American students. By facilitating this exchange, Ait North America Inc aims to contribute to the global advancement of these fields and foster a greater understanding between the two nations.
Who is the CEO of Ait North America Inc?
Nora Bojar is the President of Ait North America Inc.
What is the revenue of Ait North America Inc?
Ait North America Inc's revenue in 2022 was $1,682,848.
Who are the executives of Ait North America Inc and what are their salaries?
The average compensation at Ait North America Inc during 2022 was $36,000. There is 1 employee at Ait North America Inc.
Here are 4 key members and their salaries:
- Compensation: $36,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ait North America Inc?
Ait North America Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ait North America Inc
Ait North America Inc, an organization dedicated to fostering international exchange, promotes the collaboration between American and Hungarian students specializing in computer science, software engineering, and entrepreneurship. By exposing American students to Hungarian programs with a rich history of excellence, Ait North America aims to strengthen American educational programs in these areas. The organization believes that this exchange will not only benefit the American students but also contribute positively to the Hungarian community, both domestically and globally.
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Impact
October, 2024
AIT North America Inc plays a significant role in fostering an international exchange between American and Hungarian students through targeted programs in computer science, software engineering, and entrepreneurship. By facilitating opportunities for American students to experience the rich educational traditions and high-quality programs offered in Hungary, AIT enhances their academic and professional prospects.
This exposure not only enriches the American students’ understanding and skills but also strengthens the ties between both communities. The interaction encourages collaboration, cultural exchange, and knowledge sharing, ultimately benefiting the Hungarian community as well, both at home and abroad. The initiative promotes a global perspective in education and supports the development of future leaders in technology and entrepreneurship.
This information is meant to be a general summary of Ait North America 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.
- Program Service Revenue: $1,681,810
- Gross Receipts: $1,682,848
Assets and Liabilities:
- Total Assets: $600,030
- Total Liabilities: $539,357
- Net Assets: $60,673
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$1,681,810
Organization Details
Founding Year
2010
Phone
(203) 606-2591Principal Officer
Nora Bojar
Main Address
122 GREENWICH AVENUE 5B, NEW YORK, NY, 10011
NTEE Category
Code: Q22 - International
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