Overview
What is Manas Development Group?
Manas Development Group is a nonprofit organization committed to fostering social and economic development in underserved markets, particularly in Asia, North Africa, and the Middle East. Their main mission involves offering business development assistance to entrepreneurs and small business owners in developing countries. This aid extends to helping companies execute projects in emerging markets, thereby promoting sustainable development and directly benefiting impoverished and marginalized individuals in these regions. The organization encourages entrepreneurship and fosters cross-cultural exchange among small business persons. Based in Washington D.C., Manas Development Group operates with a focus on facilitating broad economic development worldwide.
Official website here: www.manasdevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star Rating.
Manas Development Group has received a Two-Star rating based on an overall score of 68%, derived entirely from its Accountability & Finance evaluation. This score reflects a strong emphasis on financial practices, with the organization scoring full points in several key areas, such as having a majority of independent board members and no material diversion of assets.
However, there are notable limitations that have impacted its rating. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which contributed to lower scores in those categories. Despite these gaps, the charity demonstrates a solid program expense ratio of 65.79%, indicating a significant portion of its funds is allocated towards its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Manas Development Group legitimate?
Manas Development Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manas Development Group 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.manasdevelopment.org
What is the mission statement of Manas Development Group?
Manas Development Group is committed to fostering social and economic development in economically underserved markets. Their mission involves providing business development assistance to entrepreneurs and small business owners in developing countries. Additionally, the group assists companies in executing their projects in emerging markets, contributing to economic development projects and facilitating sustainable development directly among the poor and marginalized individuals in the Middle East, Northern Africa, and Asia. Furthermore, Manas Development Group encourages entrepreneurship and cross-cultural exchange among small business persons.
Official website here: www.manasdevelopment.org
Who is the CEO of Manas Development Group?
Samuel Lam is the President of Manas Development Group.
Official website here: www.manasdevelopment.org
What is the revenue of Manas Development Group?
Manas Development Group's revenue in 2022 was $799,674.
Official website here: www.manasdevelopment.org
Who are the executives of Manas Development Group and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $190,274
- Other: $24,889
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.manasdevelopment.org
Where can I find the form 990 for Manas Development Group?
Manas Development Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.manasdevelopment.org
Learn more at the official website: www.manasdevelopment.org
Mission Statement of Manas Development Group
Manas Development Group, a nonprofit organization, is dedicated to driving social and economic development in economically underserved markets. Its primary mission is to offer business development assistance to entrepreneurs and small business owners in developing nations. By doing so, the group aims to foster entrepreneurship and encourage cross-cultural exchange among these small business individuals. Beyond this, Manas Development Group also assists companies in executing their projects in emerging markets, thereby contributing to economic development initiatives. The organization's unique focus is on facilitating sustainable development directly among the underprivileged and marginalized individuals in the Middle East, Northern Africa, and Asia. By promoting entrepreneurship and partnerships within these regions, Manas Development Group aims to empower local communities and drive long-lasting changes.
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Impact
July, 2024
Manas Development Group, based in Washington, DC, has a significant impact on promoting economic development in economically underserved markets across Asia, North Africa, and the Middle East. The group provides crucial business development assistance to entrepreneurs and small business individuals in developing countries. By assisting companies to operate in emerging markets, they further economic development projects and facilitate sustainable development among marginalized individuals in these regions. Manas Development Group actively encourages entrepreneurship and cross-cultural exchange among small business persons, contributing to the growth and empowerment of communities in need.
This information is meant to be a general summary of Manas Development Group. 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.
- Investment Income: $8,088
- Program Service Revenue: -$39,768
- Gross Receipts: $799,674
Assets and Liabilities:
- Total Assets: $1,231,313
- Total Liabilities: $582,704
- Net Assets: $648,609
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING INCOME
Revenue
$56,808
PROGRAM INVEST. LOSS
Revenue
-$96,576
Organization Details
Founding Year
2005
Phone
(202) 675-8330Principal Officer
Samuel Lam
Main Address
611 PENNSYLVANIA AVE SE 256, WASHINGTON, DC, 200034303
Website
www.manasdevelopment.orgNTEE Category
Code: Q32 - International
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