Overview
What is Friends Of Bocconi University Inc?
Friends of Bocconi University Inc is a nonprofit organization situated in New York City, specifically at 230 Park Avenue STE 2401. Their primary mission is to support and promote educational institutions in Italy, with a significant focus on Universita Commerciale Luigi Bocconi. They achieve this by providing scholarships to students and funding various projects and activities. With a small team of one dedicated individual, they have transferred a substantial amount of $636,435 to support their cause. This support extends beyond financial aid, as they also contribute to other initiatives and activities within the targeted educational institutions.
Official website here: www.bocconiusa.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Friends of Bocconi University Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization has a solid program expense ratio of 86.99%, suggesting that a significant majority of its expenses are directed towards its programs rather than administrative costs. Additionally, it has a strong independent board, with 100% of its board members being independent and a good liability to assets ratio of 0.00%, reflecting financial stability.
However, the organization has several notable weaknesses that contributed to its lower overall score. There are missing policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for transparency and accountability. These omissions highlight potential areas for organizational improvement that could enhance trust and governance.
Overall, while Friends of Bocconi University Inc demonstrates strengths in financial management and program focus, addressing the gaps in governance policies would be essential for boosting its rating and overall effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Bocconi University Inc legitimate?
Friends Of Bocconi University Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Bocconi University 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: $70,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bocconiusa.com
What is the mission statement of Friends Of Bocconi University Inc?
The mission of Friends Of Bocconi University Inc is centered around supporting and promoting educational institutions in Italy, specifically Universita Commerciale Luigi Bocconi. The organization accomplishes this mission through various activities, primarily by offering scholarships to students and funding various projects or initiatives. By doing so, Friends Of Bocconi University Inc aims to contribute positively to the educational sector in Italy, fostering growth and opportunities for students. The organization has shown its commitment by transferring $636,435 to Universita Commerciale Luigi Bocconi, primarily for scholarships and other related activities.
Official website here: www.bocconiusa.com
Who is the CEO of Friends Of Bocconi University Inc?
Leila Horn is the Board Member of Friends Of Bocconi University Inc.
Official website here: www.bocconiusa.com
What is the revenue of Friends Of Bocconi University Inc?
Friends Of Bocconi University Inc's revenue in 2022 was $1,312,697.
Official website here: www.bocconiusa.com
Who are the executives of Friends Of Bocconi University Inc and what are their salaries?
The average compensation at Friends Of Bocconi University Inc during 2022 was $70,000. There is 1 employee at Friends Of Bocconi University Inc.
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Official website here: www.bocconiusa.com
Where can I find the form 990 for Friends Of Bocconi University Inc?
Friends Of Bocconi University Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bocconiusa.com
Learn more at the official website: www.bocconiusa.com
Mission Statement of Friends Of Bocconi University Inc
Friends of Bocconi University Inc is an organization committed to supporting and promoting educational institutions in Italy, with a primary focus on Università Commerciale Luigi Bocconi. In line with its mission, the organization provides scholarships and engages in various activities to foster the growth and development of these educational institutions. By transferring $636,435 to Università Commerciale Luigi Bocconi, Friends of Bocconi University Inc primarily aims to assist students by offering scholarships and funding other projects or activities within the university. This financial support enables students to pursue their academic goals while also contributing to the overall success of the institution. In essence, Friends of Bocconi University Inc plays a significant role in fostering educational opportunities and furthering the excellence of Italy's educational landscape.
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Impact
October, 2024
Friends Of Bocconi University Inc significantly impacts the educational landscape in Italy, particularly through its support of Università Commerciale Luigi Bocconi. By transferring $636,435 to the university, the organization primarily funds scholarships, enabling students to pursue their academic ambitions without the burden of financial constraints. This support not only facilitates individual growth and success but also enhances the overall quality of education at Bocconi. Additionally, the organization contributes to various projects and activities that bolster the university's commitment to excellence and innovation in education. Through these efforts, Friends Of Bocconi University Inc plays a vital role in promoting educational opportunities and enhancing the academic experience for students in Italy.
This information is meant to be a general summary of Friends Of Bocconi University 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: -$5,750
- Gross Receipts: $2,327,622
Assets and Liabilities:
- Total Assets: $1,128,323
- Total Liabilities: $0
- Net Assets: $1,128,323
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Organization Details
Founding Year
2013
Phone
(917) 257-3256Principal Officer
Leila Horn
Main Address
230 PARK AVENUE STE 2401, NEW YORK, NY, 10169
Website
www.bocconiusa.comNTEE Category
Code: B11 - Education
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