Overview
What is Charusat Education Foundation Inc?
Charusat Education Foundation Inc, located in Albuquerque, New Mexico, is a nonprofit organization with a mission to expand educational opportunities. They raise funds to support potential and current students at Educational Campus Changa, a non-profit college in India. This foundation administers a scholarship fund to assist students in covering their educational expenses. By doing so, Charusat Education Foundation Inc helps bridge the financial gap, enabling deserving students to pursue their academic goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Overall Score: 67%)
The Charusat Education Foundation Inc has received a two-star rating from Charity Navigator, indicating that the organization has areas needing significant improvement. While the foundation demonstrates strengths such as having a fully independent board and a commendable program expense ratio of 100%, there are notable weaknesses in transparency and governance practices. The organization has not provided financial statements, which has greatly impacted its accountability score.
Moreover, the absence of essential policies such as conflict of interest, whistleblower protection, and document retention further highlights the foundation's governance shortcomings. The missing website listed on the tax form and the failure to post tax forms on their nonprofit website add to concerns about their transparency with stakeholders.
Despite these limitations, the foundation maintains a strong performance in its financial health, evidenced by a 0.00% liabilities to assets ratio, which suggests it is financially stable. Overall, while Charusat Education Foundation Inc shows promise in its programs, it must address its governance and transparency issues to improve its rating and strengthen its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Charusat Education Foundation Inc legitimate?
Charusat Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charusat Education 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
What is the mission statement of Charusat Education Foundation Inc?
The Charusat Education Foundation Inc, in its mission, aims to enhance educational opportunities for potential and current students by raising funds. Specifically, the organization manages a scholarship fund, which is disbursed to qualified students to help cover their educational expenses at the Educational Campus Changa, a non-profit college in India. By providing financial assistance, the foundation empowers students to pursue their education without financial constraints.
Who is the CEO of Charusat Education Foundation Inc?
Viren Patel is the Director of Charusat Education Foundation Inc.
What is the revenue of Charusat Education Foundation Inc?
Charusat Education Foundation Inc's revenue in 2022 was $1,439,910.
Who are the executives of Charusat Education Foundation Inc and what are their salaries?
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 Charusat Education Foundation Inc?
Charusat Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charusat Education Foundation Inc
Charusat Education Foundation Inc, a non-profit organization, is dedicated to increasing the accessibility of education for potential and current students at Educational Campus Changa, a college in India. The foundation fulfills its mission by managing a scholarship fund. This fund is disbursed to qualified students, helping them cover the expenses associated with their education at Educational Campus Changa. By providing financial assistance, Charusat Education Foundation Inc empowers deserving students to pursue their academic goals, thereby contributing to the broader educational community.
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Impact
July, 2024
Charusat Education Foundation Inc's impact lies in its efforts to increase educational availability for potential and current students of Educational Campus Changa, a non-profit college in India. The organization raises funds to support a scholarship fund that helps qualified students cover their education costs at the campus. By doing so, Charusat Education Foundation Inc contributes towards promoting access to education and supporting students in pursuing their academic goals.
This information is meant to be a general summary of Charusat Education 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 2022.
- Gross Receipts: $1,439,910
Assets and Liabilities:
- Total Assets: $123,944
- Total Liabilities: $0
- Net Assets: $123,944
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Organization Details
Founding Year
2014
Phone
(505) 870-3015Principal Officer
Viren Patel
Main Address
PO BOX 91720, ALBUQUERQUE, NM, 871991720
NTEE Category
Code: B12 - Education
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