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Foundation For Excellence

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 770474749 ✦ Sunnyvale, CA ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For Excellence?

The Foundation For Excellence is a nonprofit organization situated in Sunnyvale, California, with a specific focus on uplifting financially disadvantaged yet academically gifted students in India. Their mission is to offer financial aid, enabling these students to successfully complete their higher professional education. The organization's activities are directed towards this goal, aiming to bring about a significant transformation in the lives of these students.


Official website here: www.ffeus.org

What are the reviews and ratings of this charity?

Charity Navigator rating: 97%, Four-Star out of Four Star rating.

Foundation For Excellence has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization scored 100% on its Accountability & Finance beacon, indicating robust governance and transparency practices. With 100% of its board members being independent and significant measures in place such as an audit and oversight committee, the organization demonstrates excellent oversight of its financial practices.

The financial performance metrics are equally commendable, with a program expense ratio of 99.05%, indicating that nearly all of its expenditures directly support its mission. Additionally, the organization has a fundraising efficiency ratio of $0.00, suggesting that it operates without any fundraising costs, maximizing the impact of donations received. The low liabilities to assets ratio of 0.00% further underscores its strong financial position.

Overall, the Foundation For Excellence exhibits exemplary practices in governance and finance, which enhances its credibility and trustworthiness in the nonprofit sector. No significant limitations were noted, making it a highly regarded choice for potential donors looking to support an effective organization.


This AI summary has been generated from information found on Charity Navigator.

Is Foundation For Excellence legitimate?

Foundation For Excellence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Excellence 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.ffeus.org

What is the mission statement of Foundation For Excellence?

The Foundation for Excellence aims to transform the lives of financially disadvantaged yet intellectually brilliant students in India. This is achieved by providing financial assistance to enable these students to complete their higher professional education within the country. The foundation's mission is centered around empowering these students to reach their full potential in their chosen fields, thereby contributing positively to society. By offering financial aid, the foundation ensures that these students have the opportunity to continue their education without being hindered by financial constraints. The goal is to help shape a future where every brilliant mind has the chance to excel, regardless of their financial background.


Official website here: www.ffeus.org

Who is the CEO of Foundation For Excellence?

Minoo Gupta is the President of Foundation For Excellence.


Official website here: www.ffeus.org

What is the revenue of Foundation For Excellence?

Foundation For Excellence's revenue in 2022 was $2,706,304.


Official website here: www.ffeus.org

Who are the executives of Foundation For Excellence and what are their salaries?

There 12 volunteers at Foundation For Excellence.


Here are 15 key members and their salaries:


Prabhu Goel (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarosh D Kumana (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sanjaya Kumar (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bipin Shah (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Venkatesh Shukla (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minoo Gupta (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ramesh Yadava (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raj Shah (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ram G Gupta (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arjun Bhagat (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darshan Bhatt (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ashutosh Aman (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sudha Kidao (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nirmal Baid (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ranjith Kagathi (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.ffeus.org

Where can I find the form 990 for Foundation For Excellence?

Foundation For Excellence's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.ffeus.org

Learn more at the official website: www.ffeus.org

Mission Statement of Foundation For Excellence

The Foundation for Excellence is a nonprofit organization dedicated to making a significant impact in the lives of academically gifted yet financially disadvantaged students in India. Its mission is to offer financial aid, enabling these students to continue and complete their higher professional education within the country. By providing this assistance, the Foundation for Excellence aims to bring about a transformative change in these students' lives, empowering them to reach their full potential and contribute positively to society.

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Impact




July, 2024

Foundation For Excellence's impact is profound, as it has been instrumental in transforming the lives of brilliant but financially needy students in India. By providing crucial financial assistance, the organization enables these students to pursue and successfully complete their higher professional education. This support not only empowers the students themselves but also has a ripple effect on their families and communities, contributing to the overall development and progress of society.




This information is meant to be a general summary of Foundation For Excellence. 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.

Revenue
$2,706,304 (2022)
Expenses
$1,606,820 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,260
  • Gross Receipts: $2,706,304

Assets and Liabilities:

  • Total Assets: $1,234,130
  • Total Liabilities: $15
  • Net Assets: $1,234,115

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Organization Details

Founding Year

1997

Principal Officer

Minoo Gupta

Main Address

526 W FREMONT AVE 2920, SUNNYVALE, CA, 94087

NTEE Category

Code: B82 - Education

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