Overview
What is Techwadi Inc C/O Mehdi Alhassani?
Techwadi Inc C/O Mehdi Alhassani is a nonprofit organization based in Palo Alto, California, with a small team of five individuals. The primary goal of this organization is to support and empower young business and social entrepreneurs from the Middle East and North Africa. They achieve this by providing incubation, mentorship, education, and assistance in fundraising. This comprehensive approach aims to equip these entrepreneurs, who reside in the United States and abroad, with the necessary resources to thrive in their respective industries. The organization's mission is deeply rooted in fostering growth and success among this specific demographic, contributing to a more diverse and innovative global business landscape.
Official website here: www.techwadi.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 62%)
Techwadi Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in several areas. With an overall score of 62%, the organization demonstrates some strengths, particularly in governance as evidenced by its fully independent board and absence of material asset diversion. However, the rating also highlights significant deficiencies, such as missing policies related to whistleblower protections and document retention.
Financially, Techwadi Inc shows a liabilities to assets ratio of 51.03%, which is relatively healthy. However, its program expense ratio is noted to be quite low at 53.73%, suggesting that a smaller percentage of its funds are allocated to programs compared to administrative costs. This raises concerns about the efficiency and effectiveness of its expenditures.
Despite having some strong governance practices, the lack of transparency indicated by missing policies and documents could hinder trust among potential donors and stakeholders. Addressing these weaknesses may help improve its overall rating and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Techwadi Inc C/O Mehdi Alhassani legitimate?
Techwadi Inc C/O Mehdi Alhassani is a legitimate nonprofit organization registered as a 501(c)(3) entity. Techwadi Inc C/O Mehdi Alhassani 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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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.techwadi.org
What is the mission statement of Techwadi Inc C/O Mehdi Alhassani?
Techwadi Inc, aimed at supporting young entrepreneurs, has a mission to provide incubation, mentorship, education, and assistance in fundraising. This organization specifically focuses on business and social entrepreneurs hailing from the Middle East and North Africa, residing in the United States and abroad. Its primary goal is to foster their growth and development by offering necessary resources and guidance. The organization grants funds to facilitate these endeavors, thereby empowering these entrepreneurs to make a significant impact in their respective fields.
Official website here: www.techwadi.org
What is the revenue of Techwadi Inc C/O Mehdi Alhassani?
Techwadi Inc C/O Mehdi Alhassani's revenue in 2023 was $9,646.
Official website here: www.techwadi.org
Who are the executives of Techwadi Inc C/O Mehdi Alhassani and what are their salaries?
The average compensation at Techwadi Inc C/O Mehdi Alhassani during 2023 was $247.
Here are 8 key members and their salaries:
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Official website here: www.techwadi.org
Where can I find the form 990 for Techwadi Inc C/O Mehdi Alhassani?
Techwadi Inc C/O Mehdi Alhassani's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.techwadi.org
Learn more at the official website: www.techwadi.org
Mission Statement of Techwadi Inc C/O Mehdi Alhassani
Techwadi Inc C/O Mehdi Alhassani is an organization dedicated to supporting young business and social entrepreneurs hailing from the Middle East and North Africa who reside in the United States and abroad. Their mission is multifaceted, encompassing the provision of incubation, mentorship, education, and assistance in fundraising. This nonprofit aims to empower these individuals, equipping them with the necessary resources to thrive in their ventures and make a positive impact in their respective communities. By offering grants, Techwadi Inc C/O Mehdi Alhassani enables these entrepreneurs to access crucial services, such as incubation, mentorship, and educational programs, thereby enhancing their chances of success in their respective industries. The nonprofit's goal is to foster a supportive environment that enables these entrepreneurs to innovate, grow, and contribute to the global business landscape.
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Impact
October, 2024
Techwadi Inc, under the leadership of Mehdi Alhassani, plays a significant role in empowering young business and social entrepreneurs from the Middle East and North Africa (MENA). By providing essential grants, the organization facilitates incubation programs, mentorship, and educational opportunities, which are crucial for budding entrepreneurs looking to navigate the challenges of establishing their ventures both in the United States and abroad.
The support offered by Techwadi includes assistance in fundraising, which is often a critical hurdle for many startups. By equipping entrepreneurs with the necessary resources and guidance, Techwadi fosters an environment of innovation and development, helping to bridge gaps in knowledge and access to capital. This holistic approach not only nurtures individual entrepreneurial growth but also contributes to the broader economic landscape by promoting diverse voices and ideas from the MENA region.
In Palo Alto, a hub of technological and entrepreneurial activity, Techwadi's focus on education and mentorship creates ripple effects, allowing entrepreneurs to thrive, collaborate, and innovate, ultimately benefiting their communities and enhancing cross-cultural dialogue.
This information is meant to be a general summary of Techwadi Inc C/O Mehdi Alhassani. 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 2023.
- Investment Income: $11
- Gross Receipts: $9,646
Assets and Liabilities:
- Total Assets: $66,826
- Total Liabilities: $34,102
- Net Assets: $32,724
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Organization Details
Founding Year
2006
Principal Officer
Mehdi Alhassani
Website
www.techwadi.orgNTEE Category
Code: B99 - Education
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