Overview
What is Habib University Foundation Us Inc?
Habib University Foundation US Inc is a nonprofit organization based in New Haven, Connecticut, with a mission to support higher education in Pakistan. They collaborate with Habib University Foundation in Pakistan and universities in the United States, working towards the design of academic structures and programs for Habib University, a not-for-profit, liberal arts and sciences university that follows American educational traditions. The foundation contributes financially to help the university provide scholarships and financial aid to its students, with 90% of students benefiting from these resources. The organization's primary goal is to empower young individuals from disadvantaged backgrounds, contributing to the establishment of a stable and liberal society in Pakistan and the country's emergence as a reliable member of the international community.
Official website here: www.hufus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Habib University Foundation Us Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. With a perfect score in the Accountability & Finance category, the organization demonstrates effective governance through an entirely independent board and a robust audit oversight structure, ensuring that donors can trust their contributions are being managed responsibly.
The foundation excels in several financial metrics, including an impressive program expense ratio of 93.09%, which indicates that a significant portion of its resources is directed toward its mission rather than administrative costs. Additionally, the absence of material diversions of assets and a solid liabilities-to-assets ratio of 0.00% further emphasizes its financial health and operational integrity.
While the data highlights numerous strengths in governance and financial management, potential donors may look for more information about the foundation's specific programs and outcomes to assess the impact of their contributions. Overall, the Habib University Foundation Us Inc stands out as a financially sound organization with strong ethical practices, making it a worthy consideration for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is Habib University Foundation Us Inc legitimate?
Habib University Foundation Us Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Habib University Foundation Us 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.hufus.org
What is the mission statement of Habib University Foundation Us Inc?
Habib University Foundation US Inc's mission is centered around supporting higher education in Pakistan. Specifically, they aim to back Habib University, Pakistan's first not-for-profit, liberal arts and sciences institution. This university serves as a unique representation of American education tradition and quality in Pakistan. Habib University offers opportunities to young individuals of exceptional promise, often from disadvantaged economic backgrounds, by granting scholarships and financial aid to nearly 90% of its students. The foundation believes that the education of these young men and women, especially those who have historically been denied opportunities, is crucial in building a stable and liberal society in Pakistan. Additionally, they consider this education vital to Pakistan's emergence as a reliable member of the international community.
Official website here: www.hufus.org
Who is the CEO of Habib University Foundation Us Inc?
Arvid Nelson is the Chair of Habib University Foundation Us Inc.
Official website here: www.hufus.org
What is the revenue of Habib University Foundation Us Inc?
Habib University Foundation Us Inc's revenue in 2022 was $1,900,721.
Official website here: www.hufus.org
Who are the executives of Habib University Foundation Us Inc and what are their salaries?
There 6 volunteers at Habib University Foundation Us Inc.
Here are 6 key members and their salaries:
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Official website here: www.hufus.org
Where can I find the form 990 for Habib University Foundation Us Inc?
Habib University Foundation Us Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hufus.org
Learn more at the official website: www.hufus.org
Mission Statement of Habib University Foundation Us Inc
Habib University Foundation US Inc, a nonprofit organization, is committed to supporting higher education in Pakistan. Their mission is centered around the promotion of Habib University, Pakistan's first not-for-profit, liberal arts and sciences university. This institution serves as a unique embodiment of American education traditions and quality in Pakistan. Habib University offers opportunities to young men and women of exceptional promise, primarily from disadvantaged economic backgrounds. Over 90% of its students receive scholarships and financial aid, ensuring that education is accessible to those who have historically been denied such opportunities.
Habib University Foundation US Inc believes that the education of young individuals, particularly those who have traditionally been denied opportunities, is vital to building a stable and liberal society in Pakistan. They view this as a crucial step towards Pakistan's emergence as a reliable member of the international community. The foundation's support of Habib University plays a significant role in providing education that not only equips students with knowledge and skills but also empowers them to contribute positively to their society and the world at large.
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Impact
July, 2024
Habib University Foundation Us Inc's impact lies in supporting higher education in Pakistan through its backing of Habib University, the country's first not-for-profit, liberal arts and sciences institution. By providing scholarships and financial aid to 90% of its students, including those from disadvantaged backgrounds, the foundation believes in the transformative power of education. This support is essential for nurturing a stable, liberal society in Pakistan and fostering the country's integration into the international community. Through its programs and financial contributions, Habib University Foundation Us Inc plays a crucial role in enabling access to quality education and promoting social mobility in Pakistan.
This information is meant to be a general summary of Habib University Foundation Us 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: $23,588
- Gross Receipts: $1,900,721
Assets and Liabilities:
- Total Assets: $6,226,739
- Total Liabilities: $0
- Net Assets: $6,226,739
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Organization Details
Founding Year
2011
Phone
(203) 444-2692Principal Officer
Arvid Nelson
Main Address
113 LINDEN STREET, NEW HAVEN, CT, 06511
Website
www.hufus.orgNTEE Category
Code: B99 - Education
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