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Nalanda Educational And Charitable Foundation

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

EIN: 461090595 ✦ Des plaines, IL ✦ Designated as a 501(c)(3)

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Overview

What is Nalanda Educational And Charitable Foundation?

The Nalanda Educational and Charitable Foundation is a nonprofit organization dedicated to serving as a prominent educational resource for deserving students. Their mission is to support the scholastic journey of promising individuals by providing essential educational resources such as books, covering fees, and offering assistance in various educational aspects. They also distribute school supplies and sometimes even cover payment of school fees directly. In summary, the foundation seeks to contribute significantly to the education of underprivileged scholars, aiming to empower them for a brighter future.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 54% (One-Star out of Four Stars)

The Nalanda Educational and Charitable Foundation has received a low rating of 54%, reflecting concerns primarily in its accountability and finance metrics. The foundation's score is derived entirely from a single beacon focusing on accountability, indicating that while there are some strengths in governance, there are significant areas needing improvement, particularly in financial transparency and program expenditures.

The organization demonstrates a strong governance structure, boasting a fully independent board and comprehensive policies for conflicts of interest and whistleblower protections. However, the lack of program expenses reported raises questions regarding the effectiveness and reach of its educational and charitable initiatives, potentially affecting its overall impact.

While the foundation meets high standards for board independence and governance policies, the glaring absence of program expenditures suggests that it may not be effectively utilizing its resources for direct charitable activities. This limitation is crucial for potential donors to consider, as it highlights a significant gap between governance and the actual implementation of its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Nalanda Educational And Charitable Foundation legitimate?

Nalanda Educational And Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nalanda Educational And Charitable 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

What is the mission statement of Nalanda Educational And Charitable Foundation?

The Nalanda Educational and Charitable Foundation aims to establish itself as a prominent resource for education for deserving students of the future. They accomplish this by providing essential educational materials such as books and paying for fees, in addition to offering assistance in other educational matters. The foundation directly covers school fees for deserving students and distributes school supplies, demonstrating its commitment to supporting the education of underprivileged scholars.

Who is the CEO of Nalanda Educational And Charitable Foundation?

Pradeep B Shukla is the President of Nalanda Educational And Charitable Foundation.

What is the revenue of Nalanda Educational And Charitable Foundation?

Nalanda Educational And Charitable Foundation's revenue in 2022 was $8,542.

Who are the executives of Nalanda Educational And Charitable Foundation and what are their salaries?


Here are 6 key members and their salaries:


Pradeep B Shukla (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harsha P Shukla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anup P Shukla (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tulsi Sheth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rajesh Patel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kantibhai N Patel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Nalanda Educational And Charitable Foundation?

Nalanda Educational And Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Nalanda Educational And Charitable Foundation

Nalanda Educational and Charitable Foundation is dedicated to becoming a prominent resource for education for deserving students in the future. The organization's mission is to support these promising scholars by providing them with essential educational tools, such as books, covering their fees, and aiding in various educational needs. This assistance extends to supplying school supplies and even directly paying for fees on behalf of the students. Through these initiatives, Nalanda aims to contribute significantly to the educational sector and empower the deserving candidates of tomorrow.

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Impact




August, 2024

Nalanda Educational And Charitable Foundation's impact is significant in the field of education. The foundation provides crucial support to deserving scholars by supplying books, paying fees, and assisting in other educational matters. By distributing school supplies and directly paying fees for students, the foundation is helping to ensure that deserving candidates have access to educational resources and opportunities. Through their efforts, Nalanda Educational And Charitable Foundation is making a positive impact on the lives of these scholars and contributing to their academic success.




This information is meant to be a general summary of Nalanda Educational And Charitable 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
$8,542 (2022)
Expenses
$18,804 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,042
  • Gross Receipts: $8,542

Assets and Liabilities:

  • Total Assets: $72,053
  • Total Liabilities: $0
  • Net Assets: $72,053

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Organization Details

Founding Year

2019

Principal Officer

Pradeep B Shukla

Main Address

2250 E DEVON AVE APT 235, DES PLAINES, IL, 60018

NTEE Category

Code: B12 - Education

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