Overview
What is Aitec Gives Back Foundation?
Aitec Gives Back Foundation is a nonprofit organization headquartered in New York City, specifically at 459 Columbus Avenue, Suite 1017. Their primary objective is to amass funds for the benefit of public charities situated within the United States. Their mission, in essence, is to mobilize resources to support various charitable causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Star rating.
The Aitec Gives Back Foundation has received a score of 50%, indicating significant concerns regarding its accountability and financial management. With an overall rating of one star, the organization lacks independent board members and has not provided essential financial statements, which raises transparency issues. The absence of key governance policies such as conflict of interest and whistleblower policies further diminishes its credibility in the nonprofit sector.
Despite these shortcomings, the foundation has a strong program expense ratio of 84.25%, suggesting that it allocates a substantial portion of its resources directly to its programs. This commitment to program expenses is a positive aspect of its operations, indicating a focus on fulfilling its mission. However, the lack of transparency in its financial practices and governance structures may deter potential donors and supporters.
Overall, the Aitec Gives Back Foundation's low rating emphasizes the need for improvement in accountability and governance. Prospective donors should consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Aitec Gives Back Foundation legitimate?
Aitec Gives Back Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aitec Gives Back 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Aitec Gives Back Foundation?
The Aitec Gives Back Foundation's mission is centered around raising funds to support various public charities within the United States. By contributing financially to these organizations, the foundation aims to make a positive impact on various societal issues and needs. The foundation's activities are primarily focused on this fundraising mission, which is intended to support the work of these public charities. The specific causes or areas of focus for the charities supported by Aitec Gives Back Foundation are not explicitly stated in the provided information.
Who is the CEO of Aitec Gives Back Foundation?
Zachary Frayne is the Vice President of Aitec Gives Back Foundation.
What is the revenue of Aitec Gives Back Foundation?
Aitec Gives Back Foundation's revenue in 2022 was $519,914.
Who are the executives of Aitec Gives Back Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Aitec Gives Back Foundation?
Aitec Gives Back Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aitec Gives Back Foundation
Aitec Gives Back Foundation is a dedicated organization with a mission to raise funds for the betterment of United States public charities. Their primary goal is to contribute financially to various charitable causes, striving to make a positive impact in numerous communities across the nation. By raising funds, the foundation aims to support a wide range of public charities, thereby helping to address various societal needs and challenges. The foundation's mission is a testament to its commitment to generosity and philanthropy, aiming to make a difference in the lives of many through its financial contributions.
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Impact
July, 2024
Aitec Gives Back Foundation's impact is visible through its efforts to raise funds to contribute to various US public charities. Based in New York, the foundation is dedicated to supporting philanthropic causes and making a positive difference in the community. Through its mission of raising funds to support public charities, Aitec Gives Back Foundation plays a significant role in helping those in need and fostering a culture of giving back.
This information is meant to be a general summary of Aitec Gives Back 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $519,914
Assets and Liabilities:
- Total Assets: $92,134
- Total Liabilities: $0
- Net Assets: $92,134
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Organization Details
Founding Year
2014
Phone
(646) 315-1488Principal Officer
Zachary Frayne
Main Address
459 COLUMBUS AVE 1017, NEW YORK, NY, 10024
NTEE Category
Code: T30 - Philanthropy
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