Overview
What is Eclat Foundation?
Eclat Foundation is a nonprofit organization committed to supporting deserving students by offering opportunities, enriching experiences, and financial aid. Their mission is to aid students in need, promoting educational advancement and enhancement, not just in the United States, but also internationally, including China. The foundation aims to empower these students, ultimately helping them to realize their potential.
Official website here: www.eclatfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Star rating)
The Eclat Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 54% overall, primarily due to a lack of independent board members and missing financial statements, which raises transparency issues. While the foundation has appropriately listed its website on its tax forms, it does not have essential governance policies like a conflict of interest policy, whistleblower policy, or document retention policy in place.
Despite these shortcomings, the Eclat Foundation has demonstrated a strong commitment to its programs, with a program expense ratio of 99.60%. This suggests that nearly all its expenditures are directed toward its mission-related activities rather than administrative costs. Furthermore, the foundation has maintained a low liabilities-to-assets ratio of 43.60%, indicating a relatively stable financial position concerning its assets.
In summary, while the foundation shows an admirable focus on its programs, the lack of independence on its board and missing governance policies present a significant risk for potential donors. Transparency and accountability appear to be areas needing considerable improvement to build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Eclat Foundation legitimate?
Eclat Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eclat 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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Official website here: www.eclatfoundation.org
What is the mission statement of Eclat Foundation?
The Eclat Foundation's mission is centered around assisting needy students, both in the United States and internationally, including China. The primary objective of the foundation is to aid these students in realizing their full potential through education. To accomplish this, the Eclat Foundation offers various opportunities, enriching experiences, and financial aid, all geared towards enhancing or advancing these students' educational journeys.
Official website here: www.eclatfoundation.org
Who is the CEO of Eclat Foundation?
William Tsao is the Treasurer of Eclat Foundation.
Official website here: www.eclatfoundation.org
What is the revenue of Eclat Foundation?
Eclat Foundation's revenue in 2022 was $629,186.
Official website here: www.eclatfoundation.org
Who are the executives of Eclat Foundation and what are their salaries?
Here are 16 key members and their salaries:
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Official website here: www.eclatfoundation.org
Where can I find the form 990 for Eclat Foundation?
Eclat Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eclatfoundation.org
Learn more at the official website: www.eclatfoundation.org
Mission Statement of Eclat Foundation
The Eclat Foundation, as stated in its mission description, is dedicated to assisting needy students in achieving their potential through education. This nonprofit organization's primary objective is to provide opportunities, enriching experiences, and financial aid to deserving students who are in need. By doing so, Eclat Foundation aims to enhance and advance the education of these students, not just in the United States, but also in China and other regions. The organization's mission is to contribute significantly to the personal and academic growth of these students, thereby empowering them to make a positive impact in their respective communities and beyond.
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Impact
July, 2024
Eclat Foundation helps needy students achieve their potential through education by providing opportunities, life-enriching experiences, and financial aid. Their impact can be seen in the positive changes in the lives of deserving students who are given the chance to advance and enhance their education. Through their work in the U.S., China, and elsewhere, Eclat Foundation is making a meaningful difference in the lives of those in need.
This information is meant to be a general summary of Eclat 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: -$998,143
- Gross Receipts: $1,629,186
Assets and Liabilities:
- Total Assets: $503,865
- Total Liabilities: $219,692
- Net Assets: $284,173
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Organization Details
Founding Year
2012
Phone
(214) 636-2011Principal Officer
William Tsao
Main Address
220 JUSTIN RD, MURPHY, TX, 75094
Website
www.eclatfoundation.orgNTEE Category
Code: T30 - Philanthropy
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