Overview
What is Friends Of The University Of Latvia?
Friends of the University of Latvia is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to foster undergraduate and graduate education in Latvia by raising funds and dispensing grants to universities and relevant institutions within the country. This commitment to education extends beyond financial assistance, as they strive to strengthen and enhance educational opportunities in Latvia, thereby contributing to its academic growth and development.
Official website here: www.friendslu.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Friends Of The University Of Latvia has achieved a commendable rating of 97%, reflecting strong performance in accountability and finance. This high score is derived from a comprehensive assessment of several key metrics, indicating that the organization adheres to best practices in governance and transparency. The charity has been recognized for its independent board composition, with 100% of its board members being independent, which enhances its credibility and decision-making processes.
The organization showcases an impressive program expense ratio of 98.28%, signifying that a significant majority of its funds are directed toward its programs rather than administrative costs. Additionally, Friends Of The University Of Latvia has no reported material diversion of assets, which further underscores its financial integrity. Policies regarding conflict of interest, whistleblower protections, and document retention are also well-established, contributing to the charity's robust governance framework.
However, while the financial health appears strong, the assessment is solely focused on accountability and finance, leaving out aspects such as program impact and outcomes. This narrow focus could imply limitations in evaluating the broader effectiveness of the charity's initiatives. Overall, Friends Of The University Of Latvia stands out for its financial management and governance, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The University Of Latvia legitimate?
Friends Of The University Of Latvia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The University Of Latvia 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
For more financial information, click here
Official website here: www.friendslu.com
What is the mission statement of Friends Of The University Of Latvia?
The mission of Friends of the University of Latvia is to support and enhance undergraduate and graduate education in Latvia. They accomplish this by soliciting donations and using the funds to make grants to universities and related organizations within the country. The primary goal is to promote educational growth and development at the undergraduate and graduate levels in Latvia. Their activities aim to strengthen the educational system and contribute to the advancement of knowledge and skills within the academic community.
Official website here: www.friendslu.com
Who is the CEO of Friends Of The University Of Latvia?
Martin Andersons is the President And Trustee of Friends Of The University Of Latvia.
Official website here: www.friendslu.com
What is the revenue of Friends Of The University Of Latvia?
Friends Of The University Of Latvia's revenue in 2022 was $51,856.
Official website here: www.friendslu.com
Who are the executives of Friends Of The University Of Latvia and what are their salaries?
There 6 volunteers at Friends Of The University Of Latvia.
Here are 6 key members and their salaries:
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- Other: $0
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Official website here: www.friendslu.com
Where can I find the form 990 for Friends Of The University Of Latvia?
Friends Of The University Of Latvia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendslu.com
Learn more at the official website: www.friendslu.com
Mission Statement of Friends Of The University Of Latvia
Friends of the University of Latvia, a nonprofit organization, is dedicated to supporting and improving undergraduate and graduate education in Latvia. To achieve this mission, the organization solicits donations and uses the funds to make grants to universities and related organizations within the country. By doing so, Friends of the University of Latvia aims to contribute positively to the quality of education in Latvia, ultimately enriching the academic experiences of students at various levels. The organization's mission is to promote academic excellence and growth in Latvia by investing in its educational institutions.
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Impact
August, 2024
Friends Of The University Of Latvia's impact is significant in supporting and enhancing undergraduate and graduate education in Latvia. By soliciting donations and making grants to universities and related organizations in Latvia, this organization plays a crucial role in promoting education and fostering academic growth in the country. Their mission to support and enhance education is commendable and contributes to the development of future leaders and professionals in Latvia.
This information is meant to be a general summary of Friends Of The University Of Latvia. 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: $56
- Gross Receipts: $51,856
Assets and Liabilities:
- Total Assets: $334,326
- Total Liabilities: $0
- Net Assets: $334,326
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Organization Details
Founding Year
2011
Phone
(713) 304-3831Principal Officer
Martin Andersons
Main Address
230 West Monroe Street, Chicago, IL, 60606
Website
www.friendslu.comNTEE Category
Code: Q30 - International
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