Overview
What is Brooklyn On Fun Association Usa Inc?
Brooklyn On Fun Association Usa Inc is a small, nonprofit organization situated in Brooklyn, New York, with a single employee. Their primary focus is to uphold and celebrate Asian heritage and culture within their local community. This includes various activities aimed at preserving and promoting Asian traditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40% (Zero-Star out of Four Star rating)
The Brooklyn On Fun Association USA Inc has received a low rating of 40% from Charity Navigator, resulting in a Zero-Star rating. This rating is primarily based on their Accountability & Finance score, which is notably low due to several key financial concerns. The organization has a significant liability-to-assets ratio of 132.41%, indicating potential financial instability which raises red flags for donors and stakeholders.
Strengths of the organization include a fully independent board, with all 10 members not having any conflicts of interest, and a solid governance structure, as evidenced by their documented board meeting minutes. However, the absence of a whistleblower policy and a document retention policy detracts from their overall accountability. Additionally, while they have reported no material diversion of assets, their program expense ratio of only 13.71% suggests that a very small portion of their expenditures is directed towards their actual programs, which can be concerning for potential supporters.
In summary, while Brooklyn On Fun Association demonstrates some strong governance practices, the significant financial vulnerabilities and limited program spending are critical issues that could affect donor confidence and support. Prospective donors should carefully consider these factors when evaluating the organization’s effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Brooklyn On Fun Association Usa Inc legitimate?
Brooklyn On Fun Association Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brooklyn On Fun Association Usa 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: $10,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Brooklyn On Fun Association Usa Inc?
The Brooklyn On Fun Association Usa Inc is committed to preserving and fostering the cultural heritage of Asian communities. Their mission is to promote and uphold Asian traditions and values within their community. Through their activities, they aim to celebrate and share the richness of Asian culture with others, fostering understanding and appreciation for its diversity. By doing so, they seek to enrich the lives of individuals and families within the Asian community.
What is the revenue of Brooklyn On Fun Association Usa Inc?
Brooklyn On Fun Association Usa Inc's revenue in 2023 was $140,709.
Who are the executives of Brooklyn On Fun Association Usa Inc and what are their salaries?
The average compensation at Brooklyn On Fun Association Usa Inc during 2023 was $10,400. There is 1 employee at Brooklyn On Fun Association Usa Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Brooklyn On Fun Association Usa Inc?
Brooklyn On Fun Association Usa Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Brooklyn On Fun Association Usa Inc
Brooklyn On Fun Association USA Inc is committed to safeguarding and celebrating the cultural heritage of the Asian community. Their mission, as stated, is to actively preserve and promote Asian heritage within the community. By doing so, they aim to foster a sense of unity and pride among individuals of Asian descent, ensuring their rich cultural heritage continues to thrive.
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Impact
August, 2024
Brooklyn On Fun Association Usa Inc's impact is focused on preserving and promoting Asian heritage and culture in the community. Through its activities and initiatives, the organization plays a vital role in fostering cultural awareness and appreciation, as well as strengthening the sense of community among Asians in Brooklyn, NY. By organizing events, workshops, and other cultural programs, Brooklyn On Fun Association Usa Inc helps to preserve traditional practices and values while also creating opportunities for cultural exchange and enrichment. In doing so, the organization contributes to the overall improvement and vibrancy of the community.
This information is meant to be a general summary of Brooklyn On Fun Association Usa 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: $142,609
Assets and Liabilities:
- Total Assets: $77,249
- Total Liabilities: $102,300
- Net Assets: -$25,051
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Organization Details
Founding Year
2012
NTEE Category
Code: S20 - Community improvement
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