Overview
What is Draugas Foundation?
Draugas Foundation is a charitable organization situated in Chicago, Illinois, with the address 4545 WEST 63RD ST. Its primary mission is to uphold and promote Lithuanian heritage, language, culture, and arts. To accomplish this, the foundation offers financial support to the Lithuanian Catholic Press, a publisher responsible for disseminating various educational and literary content. This support enables the press to continue publishing a newspaper, Draugas, twice a week in Lithuanian and once a month in English. The foundation's activities further include distributing books as part of its mission to preserve and promote Lithuanian culture.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The Draugas Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score is based solely on their Accountability & Finance metrics, which also score a 73%. This rating reflects significant strengths in areas such as having a majority independent board and maintaining a low liabilities-to-assets ratio, both of which are vital for operational transparency.
However, there are notable weaknesses that have impacted the foundation's score. The charity has not made critical governance documents publicly available, including its conflict of interest policy, whistleblower policy, and document retention policy. Additionally, its website is missing from its tax documents, which raises concerns about transparency in operations.
Despite these limitations, the foundation demonstrates a strong commitment to program expenses, with a program expense ratio of 77.73%. This suggests that a substantial portion of their funding is directed toward their mission rather than administrative costs. Overall, while the Draugas Foundation shows positive aspects in governance and financial management, attention to transparency and policy documentation could improve its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Draugas Foundation legitimate?
Draugas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Draugas Foundation 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.
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What is the mission statement of Draugas Foundation?
The Draugas Foundation's mission is centered around preserving and promoting Lithuanian heritage, language, culture, and arts. They achieve this by providing financial support to the Lithuanian Catholic Press, a publisher of educational and literary articles. The foundation distributes a newspaper, DRAUGAS, twice a week in Lithuanian and once a month in English, expanding its reach. Additionally, the foundation grants funds to the Lithuanian Catholic Press Society to help meet their operational expenses. In essence, the Draugas Foundation serves to uphold and propagate Lithuanian identity through literature and media.
Who is the CEO of Draugas Foundation?
Leopold Von Braun is the Director Chairperson of Draugas Foundation.
What is the revenue of Draugas Foundation?
Draugas Foundation's revenue in 2022 was $126,023.
Who are the executives of Draugas Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Draugas Foundation?
Draugas Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Draugas Foundation
The Draugas Foundation is dedicated to preserving and promoting Lithuanian heritage, language, culture, and arts. To accomplish this mission, the organization provides support to the Lithuanian Catholic Press, which publishes various educational and literary articles. The foundation's efforts extend beyond just financial assistance, as they also distribute books and the newspaper DRAUGAS twice a week in Lithuanian and once a month in English. By doing so, the Draugas Foundation aids in keeping the Lithuanian language and culture alive and accessible to a broader audience. The foundation's ultimate goal is to grant the Lithuanian Catholic Press Society the resources needed to meet its operational expenses, thereby ensuring the continued publication of valuable Lithuanian content.
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Impact
October, 2024
The Draugas Foundation has made a significant impact on the preservation and promotion of Lithuanian heritage, language, culture, and arts. By providing crucial support to the Lithuanian Catholic Press, the foundation helps sustain the publication of educational and literary materials that resonate with the Lithuanian community. This includes the production of the DRAUGAS newspaper, which is published twice weekly in Lithuanian and monthly in English, fostering cultural connection and accessibility for a broader audience.
Through its grants, the Draugas Foundation ensures the operational continuity of the Lithuanian Catholic Press Society, enabling it to meet its expenses and continue its work in disseminating important cultural content. The foundation's efforts not only support the distribution of books and articles but also strengthen the cultural identity of Lithuanians, both in the United States and abroad. By reinforcing the community's access to its language and heritage, the Draugas Foundation plays a pivotal role in maintaining a vibrant cultural landscape that honors and celebrates Lithuanian traditions.
This information is meant to be a general summary of Draugas Foundation. 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: $52,643
- Gross Receipts: $262,217
Assets and Liabilities:
- Total Assets: $749,680
- Total Liabilities: $0
- Net Assets: $749,680
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Organization Details
Founding Year
1993
Phone
(773) 585-9500Principal Officer
Leopold Von Braun
Main Address
4545 WEST 63RD ST, Chicago, IL, 60629
NTEE Category
Code: X99Z - Religion related
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