Overview
What is Spaandanb?
SpaandanB is a US-based nonprofit organization, registered under section 501(c)(3) of the Internal Revenue Code, with a mission to foster socio-economic improvement in Bangladesh. It aims to empower disadvantaged individuals by providing aid in education, health, and economic development. The organization specifically focuses on supporting meritorious but financially challenged students pursuing higher education in Science, Medicine, or Engineering, offering them educational stipends. SpaandanB is committed to helping people regardless of their religious beliefs, age, disability, or gender, and does not offer any goods or services in return for donations. With its headquarters located in Santa Clara, California, SpaandanB aims to make a significant impact in Bangladesh, promoting self-reliance among its less advantaged population.
Official website here: www.spaandanb.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
Spaandanb holds a Three-Star rating from Charity Navigator, reflecting a solid score of 77%. This rating is based entirely on their Accountability & Finance metrics, indicating that the organization demonstrates a strong commitment to financial responsibility and transparency. Notably, the charity has achieved a perfect score for its independent board composition, with 100% of board members being independent, and there have been no material diversions of assets.
The organization excels in its program expense ratio, with an impressive figure of 99.04%, suggesting that nearly all of its funds are directed toward its programs. Additionally, Spaandanb has well-maintained policies regarding conflict of interest and document retention, further enhancing its accountability. However, the absence of a whistleblower policy indicates an area that requires improvement in governance practices.
Overall, Spaandanb's strong financial oversight and dedicated board governance contribute positively to its operational integrity. While there are minor areas needing attention, the charity's focus on program spending and independent oversight positions it as a reliable organization within its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Spaandanb legitimate?
Spaandanb is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spaandanb 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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For more financial information, click here
Official website here: www.spaandanb.org
What is the mission statement of Spaandanb?
Spaandanb, a US-registered non-profit organization under section 501(c)(3) of the Internal Revenue Code, is dedicated to catalyzing socio-economic change in Bangladesh. Its mission is to help less advantaged individuals become self-reliant. This is achieved through support in the areas of education, health, and economic development. Spaandanb does not discriminate based on religion, color, age, disability, or sex, and its donors do not receive any goods or services in return for their contributions. The organization primarily relies on the financial support of expatriate Bangladeshis to accomplish its goals.
Official website here: www.spaandanb.org
Who is the CEO of Spaandanb?
Mohammed Iqbal Yousuf is the Board Member of Spaandanb.
Official website here: www.spaandanb.org
What is the revenue of Spaandanb?
Spaandanb's revenue in 2022 was $847,997.
Official website here: www.spaandanb.org
Who are the executives of Spaandanb and what are their salaries?
There 50 volunteers at Spaandanb.
Here are 24 key members and their salaries:
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Official website here: www.spaandanb.org
Where can I find the form 990 for Spaandanb?
Spaandanb's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spaandanb.org
Learn more at the official website: www.spaandanb.org
Mission Statement of Spaandanb
SpaandanB, a US-registered non-profit organization under section 501(c)(3) of the Internal Revenue Code, is on a mission to catalyze a socio-economic transformation in Bangladesh. This mission is centered around supporting less fortunate individuals in their journey towards self-reliance. SpaandanB extends its assistance in three critical areas: education, health, and economic development. The organization does not discriminate based on factors such as religion, color, age, disability, or sex, and its donors do not receive any goods or services in return for their contributions.
In line with its mission, SpaandanB aims to help the underprivileged population in Bangladesh to improve their lives. By providing financial support in these key areas, SpaandanB aims to empower these individuals, enabling them to become self-sufficient and contribute positively to their communities. The organization's initiatives are designed to uplift the less fortunate, thereby catalyzing a broader socio-economic change in Bangladesh.
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Impact
July, 2024
Spaandanb's impact can be seen in its efforts to catalyze a socio-economic change in Bangladesh by supporting the less advantaged people in becoming self-reliant. Through initiatives like the Imdad-Sitara Khan Scholarship program, Spaandanb provides educational stipends to meritorious but financially disadvantaged students studying Science, Medicine, or Engineering at the Higher Secondary and Graduate levels. This support not only helps these students access education but also empowers them to pursue career paths that can contribute to the development of their communities and country. Spaandanb's commitment to empowering individuals regardless of their background demonstrates its dedication to creating a more inclusive and equitable society.
This information is meant to be a general summary of Spaandanb. 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: $21
- Gross Receipts: $847,997
Assets and Liabilities:
- Total Assets: $614,109
- Total Liabilities: $0
- Net Assets: $614,109
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Organization Details
Founding Year
2002
Phone
(650) 906-3839Principal Officer
Mohammed Iqbal Yousuf
Main Address
2001 Gammell Brown Place, Santa Clara, CA, 95050
Website
www.spaandanb.orgNTEE Category
Code: Q33 - International
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