Overview
What is Westlake Education Foundation (Usa) Inc?
Westlake Education Foundation (USA) Inc., situated in New York City, was established with the mission to support higher education and advocate for global exchanges. The foundation accomplishes this goal through academia exchange programs, offering financial aid in the form of fellowships and scholarships for undergraduate studies. Furthermore, they sponsor seminars and events to foster global connections and facilitate knowledge sharing. Despite initial delays due to the COVID-19 outbreak, the foundation's activities are planned to commence soon, with a focus on these objectives.
What are the reviews and ratings of this charity?
The Westlake Education Foundation (USA) Inc has a low score of 54% from Charity Navigator, resulting in a One-Star out of Four Star rating. This score reflects the organization's overall financial health and accountability. The sole evaluation is based on the Accountability & Finance beacon, indicating concerns in financial efficiency and transparency. Though financial ratios like liabilities to assets and program expenses scored poorly, the foundation does demonstrate strong governance through multiple listed policies.
The organization's governance appears sound, with a fully independent board and no material diversions of assets. Their commitment to maintaining robust governance practices is evident, with documented policies for conflict of interest, whistleblower protection, and document retention. However, there are gaps in transparency and public accessibility, as seen in their missing website and tax documentation listings.
The significant limitations in financial metrics suggest challenges in operational efficiency and resource allocation, which contribute to the low rating. Without additional user reviews or feedback from GreatNonprofits, further insights into operational and community impact are limited, leaving room for the organization to improve in financial transparency and program execution.
This AI summary has been generated from information found on Charity Navigator.
Is Westlake Education Foundation (Usa) Inc legitimate?
Westlake Education Foundation (Usa) Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Westlake Education Foundation (Usa) 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 Westlake Education Foundation (Usa) Inc?
The Westlake Education Foundation was established with the objective of supporting higher education and advocating for global exchanges. To accomplish this, the foundation arranges academia exchange programs, offering support for fellowships, scholarships for undergraduate studies, and sponsorship of seminars. Once operations can commence, postponed due to the ongoing COVID-19 outbreak, the foundation will continue to advocate for higher education and global exchanges by providing support for fellowships and scholarships for undergraduate studies, as well as sponsoring seminars.
Who is the CEO of Westlake Education Foundation (Usa) Inc?
Minhao Liu is the Chairman of Westlake Education Foundation (Usa) Inc.
What is the revenue of Westlake Education Foundation (Usa) Inc?
Westlake Education Foundation (Usa) Inc's revenue in 2022 was $11,850,816.
Who are the executives of Westlake Education Foundation (Usa) Inc and what are their salaries?
There 6 volunteers at Westlake Education Foundation (Usa) Inc.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Westlake Education Foundation (Usa) Inc?
Westlake Education Foundation (Usa) Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Westlake Education Foundation (Usa) Inc
Westlake Education Foundation (USA) Inc was established with a mission to advance the objectives of supporting higher education and advocating for global exchanges. They achieve this mission through academia exchange programs, offering various forms of support. This includes providing fellowships, scholarships for undergraduate studies, and sponsoring seminars. Their primary goal is to foster educational opportunities and promote cultural exchange on a global scale. Once their operations commence, which have been postponed due to the ongoing COVID-19 outbreak, Westlake Education Foundation (USA) Inc will continue to support higher education and advocate for global exchanges, offering fellowships and scholarships for undergraduate studies, as well as sponsoring seminars.
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Impact
October, 2024
Westlake Education Foundation (USA) Inc has a significant impact on the landscape of higher education and global academic exchanges. By advancing initiatives that support fellowships and scholarships for undergraduate studies, the foundation plays a vital role in enhancing educational opportunities for students.
Through academia exchange programs, it fosters collaboration and cultural exchange, enriching the academic experience for participants. The foundation's sponsorship of seminars further facilitates knowledge sharing and intellectual growth within the community. As operations resume post-COVID-19, Westlake Education Foundation is poised to strengthen its influence in promoting educational advancement and international cooperation, ultimately benefiting a diverse array of scholars and educators.
This information is meant to be a general summary of Westlake Education Foundation (Usa) 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.
- Gross Receipts: $11,850,816
Assets and Liabilities:
- Total Assets: $14,941,981
- Total Liabilities: $8,566
- Net Assets: $14,933,415
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Organization Details
Founding Year
2017
Phone
(212) 608-6500Principal Officer
Minhao Liu
Main Address
233 BROADWAY SUITE 2200, NEW YORK, NY, 10279
NTEE Category
Code: B60 - Education
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