Overview
What is Kuwait-America Foundation?
Kuwait-America Foundation is a nonprofit organization situated in Washington, D.C., specifically at 2021 Massachusetts Avenue NW. Their primary mission lies in fostering an improved understanding of Kuwait's culture and history among Americans, ultimately aiming to strengthen relationships between the two nations. To achieve this goal, the foundation engages in educational and philanthropic activities. In addition to this, they extend their support to various programs and organizations that address the needs of disadvantaged individuals, such as the homeless, children at risk, and women in need, not only within the U.S. but also globally. With a team of 18 dedicated employees, Kuwait-America Foundation contributes to a more compassionate and interconnected world.
Official website here: www.kuwaitamerica.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star Rating
The Kuwait-America Foundation has achieved a solid Three-Star rating, reflecting an overall score of 84% based solely on its Accountability & Finance metrics. This rating indicates that the organization demonstrates a commitment to transparency and responsible financial practices, with a particularly strong performance in areas such as independent board oversight and program expense ratios.
One of the organization's strengths is its fully independent board, with 100% of its members free from any conflicts of interest. Additionally, it has a robust program expense ratio of 92.75%, indicating that a significant portion of its funds directly supports its mission-related activities. Furthermore, the foundation has no reported material diversions of assets, showcasing a strong financial integrity.
However, there are notable gaps in the foundation's governance policies, including the absence of conflict of interest and whistleblower policies, as well as a lack of a document retention and destruction policy. Moreover, the foundation has not posted its tax form on its website, which could limit transparency for potential donors and interested parties. Addressing these shortcomings could enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kuwait-America Foundation legitimate?
Kuwait-America Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kuwait-America 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: $134,121
Professional Fundraising Fees: $0
Other Salaries and Wages: $345,688
For more financial information, click here
Official website here: www.kuwaitamerica.org
What is the mission statement of Kuwait-America Foundation?
The Kuwait-America Foundation's primary mission is to foster educational and philanthropic activities in the United States, aiming to enhance the understanding of Kuwait's culture and history. This initiative serves to strengthen the relationship between the people of both nations. Additionally, the foundation supports certain programs and organizations, including the United Nations, in addressing the needs of disadvantaged individuals, such as the homeless, children at risk, and women in need, both within and outside the United States.
Official website here: www.kuwaitamerica.org
Who is the CEO of Kuwait-America Foundation?
Basma Rayess is the Trustee, Consultant of Kuwait-America Foundation.
Official website here: www.kuwaitamerica.org
What is the revenue of Kuwait-America Foundation?
Kuwait-America Foundation's revenue in 2022 was $1,849,894.
Official website here: www.kuwaitamerica.org
Who are the executives of Kuwait-America Foundation and what are their salaries?
The average compensation at Kuwait-America Foundation during 2022 was $26,656. There are 18 employees and 14 volunteers at Kuwait-America Foundation.
Here are 16 key members and their salaries:
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- Compensation: $100,193
- Related: $0
- Other: $9,928
Official website here: www.kuwaitamerica.org
Where can I find the form 990 for Kuwait-America Foundation?
Kuwait-America Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kuwaitamerica.org
Learn more at the official website: www.kuwaitamerica.org
Mission Statement of Kuwait-America Foundation
The Kuwait-America Foundation is an organization dedicated to fostering educational and philanthropic activities in America. Its primary goal is to promote a deeper understanding of Kuwait's culture and history among Americans, ultimately strengthening the relationship between the two nations. The foundation achieves this by initiating various projects and collaborations that bridge the cultural gap between the two nations.
Beyond its focus on Kuwait-America relations, the Kuwait-America Foundation also extends its support to organizations addressing the needs of disadvantaged individuals. This includes supporting initiatives for homeless individuals, children at risk, and women in need, both within and outside of the United States, often in collaboration with the United Nations. The foundation's activities aim to contribute to a more inclusive and equitable society, recognizing and addressing the challenges faced by vulnerable populations.
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Impact
July, 2024
The Kuwait-America Foundation's impact lies in its efforts to initiate educational and philanthropic activities in America that promote a deeper understanding of Kuwaiti culture and history, as well as strengthen relationships between the people of Kuwait and America. Additionally, the Foundation supports programs and organizations that address the needs of disadvantaged individuals, including the homeless, children at risk, and women in need, both within the United States and internationally. Through these initiatives, the Foundation contributes to building bridges of cooperation and understanding between different communities and populations.
This information is meant to be a general summary of Kuwait-America 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.
- Investment Income: $571,249
- Gross Receipts: $4,140,980
Assets and Liabilities:
- Total Assets: $18,759,413
- Total Liabilities: $2,024,381
- Net Assets: $16,735,032
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Organization Details
Founding Year
1991
Phone
(202) 293-4740Principal Officer
Basma Rayess
Main Address
2021 MASSACHUSETTS AVENUE NW, WASHINGTON, DC, 20036
Website
www.kuwaitamerica.orgNTEE Category
Code: Q200 - International
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