Overview
What is Kanishka Foundation Inc?
Kanishka Foundation Inc, located in Cranford, New Jersey, is a charitable organization with a dual mission. Firstly, it aims to offer financial aid to deserving students pursuing a Pre-Med curriculum in college. Secondly, the foundation extends its support to victims of humanitarian crises, providing them with essentials such as shelter, food, and clothing. In addition, the foundation is also involved in initiatives to establish an orphanage. With these endeavors, Kanishka Foundation Inc seeks to contribute positively to the education and well-being of individuals affected by adversity.
Official website here: www.kanishkafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The Kanishka Foundation Inc has received a Two-Star rating from Charity Navigator, indicating that while it meets some accountability and financial standards, there are several areas needing improvement. The foundation scored well in board independence and the absence of material diversion of assets, reflecting a strong governance structure. However, critical policies such as conflict of interest, whistleblower, and document retention policies are missing, which can raise concerns about organizational transparency and accountability.
Additionally, the foundation's program expense ratio is relatively solid at 63.04%, suggesting that a significant portion of its funds is directed toward its programs. However, the overall financial accountability score of 67% indicates that there is room for improvement in how funds are managed and reported. The foundation's liabilities to assets ratio stands at a healthy 42.75%, indicating a manageable level of debt compared to its assets.
In summary, while the Kanishka Foundation Inc demonstrates strengths in board independence and program spending, it faces challenges in policy implementation that could enhance its governance and accountability. Addressing these shortcomings could improve its overall rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Kanishka Foundation Inc legitimate?
Kanishka Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kanishka Foundation 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
For more financial information, click here
Official website here: www.kanishkafoundation.org
What is the mission statement of Kanishka Foundation Inc?
The Kanishka Foundation Inc, as per its mission statement, aims to provide financial aid to deserving students pursuing a Pre-Med curriculum in college. Additionally, the foundation is committed to offering aid to victims of humanitarian abuses and atrocities, providing them with essentials such as shelter, food, and clothing. Furthermore, the foundation supports the establishment of an orphanage. In essence, the Kanishka Foundation Inc seeks to support education and provide humanitarian aid.
Official website here: www.kanishkafoundation.org
What is the revenue of Kanishka Foundation Inc?
Kanishka Foundation Inc's revenue in 2023 was $11,947.
Official website here: www.kanishkafoundation.org
Who are the executives of Kanishka Foundation Inc and what are their salaries?
There 4 volunteers at Kanishka Foundation Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.kanishkafoundation.org
Where can I find the form 990 for Kanishka Foundation Inc?
Kanishka Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kanishkafoundation.org
Learn more at the official website: www.kanishkafoundation.org
Mission Statement of Kanishka Foundation Inc
Kanishka Foundation Inc, a nonprofit organization, is dedicated to serving two primary causes. Firstly, it aims to support deserving students pursuing a Pre-Med curriculum in college by providing them with financial assistance. Secondly, the foundation extends its help to victims of humanitarian abuses and atrocities. It offers them essential necessities such as shelter, food, and clothing during their time of need. Furthermore, Kanishka Foundation Inc is also involved in supporting the establishment of an orphanage. The organization's mission is multifaceted, aiming to make a significant impact in the lives of both aspiring medical professionals and those who have been affected by humanitarian crises.
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Impact
August, 2024
Kanishka Foundation Inc provides valuable financial assistance to deserving students pursuing the Pre-Med curriculum in College. Additionally, they offer support to victims of humanitarian abuses and atrocities by providing shelter, food, and clothing. The organization also actively contributes to the establishment of an orphanage. Their efforts contribute to the betterment of society and showcase a commitment to philanthropy.
This information is meant to be a general summary of Kanishka Foundation 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 2023.
- Gross Receipts: $47,627
Assets and Liabilities:
- Total Assets: $247,951
- Total Liabilities: $106,003
- Net Assets: $141,948
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Organization Details
Founding Year
2011
Principal Officer
Pradip Paul
Website
www.kanishkafoundation.orgNTEE Category
Code: T31 - Philanthropy
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