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Avasant Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 460691011 ✦ El segundo, CA ✦ Designated as a 501(c)(3)

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Overview

What is Avasant Foundation?

Avasant Foundation, headquartered in El Segundo, California, is a charitable nonprofit organization dedicated to uplifting children, particularly focusing on poverty reduction, education, and employment. In 2022, the foundation impacted 45,000 lives through various initiatives and trained 2400 individuals. Their efforts have garnered the support of over 100 leading employers, expanding their impact across 12 countries, including Latin America, Africa, and Southeast Asia. The foundation is committed to promoting diversity and inclusion, with 95% of its graduates securing employment. Moreover, Avasant Foundation leverages the expertise of its consultants to deliver high-level digital skills training, leading to employment opportunities, aligning with the Sustainable Development Goals.


Official website here: www.avasantfoundation.org

Is Avasant Foundation legitimate?

Avasant Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avasant 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.


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.avasantfoundation.org

What is the mission statement of Avasant Foundation?

The Avasant Foundation, a nonprofit organization, is committed to bettering lives and communities by empowering youth in emerging economies. Their mission revolves around three key areas: education, employment, and entrepreneurship. The foundation aims to reduce poverty and contribute to the United Nations' Sustainable Development Goals numbers 1, 4, 5, 8, 10, and 17. To accomplish this, they leverage the digital skills training expertise of Avant's consultants through their Associate Engagement Program, which often leads to employment opportunities.


Official website here: www.avasantfoundation.org

Who is the CEO of Avasant Foundation?

Kevin Parikh is the Exec Director of Avasant Foundation.


Official website here: www.avasantfoundation.org

What is the revenue of Avasant Foundation?

Avasant Foundation's revenue in 2022 was $371,573.


Official website here: www.avasantfoundation.org

Who are the executives of Avasant Foundation and what are their salaries?

There 30 volunteers at Avasant Foundation.


Here are 2 key members and their salaries:


Chitra Rajeshwari (Exec Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Parikh (President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.avasantfoundation.org

Where can I find the form 990 for Avasant Foundation?

Avasant Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.avasantfoundation.org

Learn more at the official website: www.avasantfoundation.org

Mission Statement of Avasant Foundation

Avasant Foundation, a nonprofit organization dedicated to charitable purposes, is committed to improving lives and communities by empowering youth in emerging economies. Their mission is threefold: education, employment, and entrepreneurship. This mission is aligned with the Sustainable Development Goals numbers 1, 4, 5, 8, 10, and 17.

The foundation leverages the expertise of Avasant's consultants through their Associate Engagement Program to deliver high-level digital skills training. This training provides the necessary tools for employment opportunities, thereby contributing to poverty reduction. By focusing on these key areas, Avasant Foundation aims to make a significant impact on the lives of young individuals and their communities.

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Impact




October, 2024

Avasant Foundation has made a significant impact by empowering youth in emerging economies through targeted education and employment initiatives. In 2022 alone, it positively affected the lives of 45,000 individuals, helping 2,400 graduates from its skills training programs secure meaningful employment. The foundation collaborates with over 100 leading employers to enhance its impact sourcing initiatives across more than 12 countries, including regions in Latin America, Africa, and Southeast Asia.

Commitment to diversity and inclusion is a cornerstone of the foundation's approach, achieving 100% inclusivity in its programs and ensuring that 70% of its graduates are women. The foundation aligns its efforts with several Sustainable Development Goals, focusing on poverty reduction, educational advancement, and promoting entrepreneurship. By leveraging the expertise of Avasant's consultants, the foundation provides high-level digital skills training aimed at creating sustainable employment opportunities for youth, ultimately fostering economic growth and community development in the regions it serves.




This information is meant to be a general summary of Avasant 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.

Revenue
$371,573 (2022)
Expenses
$331,116 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $10,416
  • Gross Receipts: $415,522

Assets and Liabilities:

  • Total Assets: $541,225
  • Total Liabilities: $29,426
  • Net Assets: $511,799

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

VALUE OF GOODS/SERVICE

Revenue

$10,416

Organization Details

Founding Year

2012

Principal Officer

Kevin Parikh

Main Address

1960 E GRAND AVENUE 1050, EL SEGUNDO, CA, 90245

NTEE Category

Code: B99 - Education

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