Overview
What is Alfanar Inc Us?
Alfanar Inc US is a nonprofit organization situated in Newton, Massachusetts. Their primary mission is to support the education, employment, and empowerment of vulnerable individuals by funding the venture philanthropy work of Alfanar. This involves providing a single grant to support general operations, such as vetting, due diligence, and management of venture philanthropy grants. Alfanar Inc US's support is crucial in enabling Alfanar to monitor the progress and impact of a portfolio of over 20 social enterprises in Egypt, Lebanon, and refugee communities. These social enterprises aim to improve education, employment, and economic empowerment for children, youth, and women, contributing to the growth of the venture philanthropy and social investment movement. The disbursed grant is solely for charitable or educational purposes as defined under the Internal Revenue Code.
Official website here: www.alfanar.org/alfanar-inc-us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating
Alfanar Inc has earned a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's impressive score is entirely derived from its strong performance in the Accountability & Finance beacon, reflecting its commitment to transparency and responsible management of funds.
The organization demonstrates robust governance practices, with a board composed entirely of independent members and effective policies in place for conflict of interest and whistleblowing. Its financial ratios indicate a healthy balance, with a low liabilities-to-assets ratio of 0.55% and a high program expense ratio of 97.83%, signifying that the vast majority of its resources are directed toward its mission.
Despite its strong financial standing, no additional information was provided regarding specific programs or outcomes, which may limit insights into the direct impact of Alfanar Inc's initiatives. Overall, the organization appears well-managed and dedicated to its goals, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Alfanar Inc Us legitimate?
Alfanar Inc Us is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alfanar Inc Us 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
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Official website here: www.alfanar.org/alfanar-inc-us
What is the mission statement of Alfanar Inc Us?
Alfanar Inc. US, through its affiliate Alfanar (UK registered charity), supports social enterprises focused on improving education, employment, and economic empowerment for vulnerable children, youth, and women. The organization provides tailored funding and high-level management support to these ambitious social enterprises, aiming to facilitate lasting social change in their communities. Specifically, Alfanar Inc. US focuses on organizations that enhance children's education and promote women's economic empowerment. The ultimate goal is to help these individuals lead dignified and productive lives.
Official website here: www.alfanar.org/alfanar-inc-us
Who is the CEO of Alfanar Inc Us?
Gretchen Welch is the President of Alfanar Inc Us.
Official website here: www.alfanar.org/alfanar-inc-us
What is the revenue of Alfanar Inc Us?
Alfanar Inc Us's revenue in 2022 was $497,431.
Official website here: www.alfanar.org/alfanar-inc-us
Who are the executives of Alfanar Inc Us and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.alfanar.org/alfanar-inc-us
Where can I find the form 990 for Alfanar Inc Us?
Alfanar Inc Us's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alfanar.org/alfanar-inc-us
Learn more at the official website: www.alfanar.org/alfanar-inc-us
Mission Statement of Alfanar Inc Us
Alfanar Inc. US is an organization that dedicates its efforts to supporting social enterprises. Its primary goal is to improve the education, employment, and economic empowerment of vulnerable children, youth, and women. It achieves this by granting funds to its affiliate Alfanar (a UK registered charity). Alfanar, in turn, provides tailored funding and high-level management support to ambitious social enterprises, helping them to bring about lasting social change in their communities. The organization has a special focus on initiatives that enhance children's education and promote women's economic empowerment. By doing so, Alfanar Inc. US aims to assist these groups in leading dignified and productive lives.
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Impact
July, 2024
Alfanar Inc Us plays a significant role in supporting social enterprises that aim to enhance education, employment, and economic empowerment for vulnerable children, youth, and women. By providing grants, Alfanar Inc Us enables these organizations to create lasting social impact in their communities. Through its affiliation with Alfanar (UK registered charity), Alfanar Inc Us helps social enterprises in Egypt, Lebanon, and refugee communities to monitor progress and impact. This support is vital in empowering widows, refugees, and other vulnerable individuals to lead dignified and productive lives. The recent grant of $410,000 underscores Alfanar Inc Us's commitment to promoting positive change and improving the lives of those in need.
This information is meant to be a general summary of Alfanar Inc Us. 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: $497,431
Assets and Liabilities:
- Total Assets: $181,684
- Total Liabilities: $1,000
- Net Assets: $180,684
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Organization Details
Founding Year
2005
Phone
(617) 630-6900Principal Officer
Gretchen Welch
Main Address
1150 WALNUT STREET, NEWTON, MA, 02461
NTEE Category
Code: Q30 - International
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