Overview
What is The Liger Charitable Foundation?
The Liger Charitable Foundation is a nonprofit organization based in Red Bank, New Jersey, dedicated to nurturing the next generation of socially conscious leaders. Their flagship project, the Liger Leadership Academy in Phnom Penh, Cambodia, provides comprehensive scholarships to promising students, offering an internationally competitive education with a focus on innovative leadership, STEM, and entrepreneurship. In addition to education, the foundation covers living expenses, medical care, and supplies for these students. During the COVID-19 pandemic, the foundation supported remote university studies and provided loans for necessary expenses. The foundation encourages students to contribute to Cambodia's development and reflect on their impact at the end of each academic year. The Liger Charitable Foundation aims to amplify the potential of Cambodia's youth, fostering well-rounded, educated, and empathetic graduates capable of transforming their country.
Official website here: www.ligeracademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Stars)
The Liger Charitable Foundation has received a rating of 74%, which corresponds to a Two-Star classification. This rating reflects a moderate level of accountability and financial health, indicating that while the organization meets some important criteria for transparency and governance, there are significant areas for improvement.
Key strengths include an independent board with full compliance in areas such as financial oversight and conflict of interest policies. The organization has also demonstrated a strong program expense ratio, indicating that a significant portion of its funds is directed towards its mission. However, weaknesses are noted in documentation practices and financial reporting, particularly with the absence of certain tax forms on their website and a poor liabilities to assets ratio.
Overall, while The Liger Charitable Foundation shows promise through its governance practices and commitment to its programs, the areas of concern regarding financial transparency and reporting could impact stakeholder trust and operational effectiveness in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is The Liger Charitable Foundation legitimate?
The Liger Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Liger Charitable 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: $95,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $539,311
For more financial information, click here
Official website here: www.ligeracademy.org
What is the mission statement of The Liger Charitable Foundation?
The Liger Charitable Foundation's mission is centered around empowering promising youth, fostering their development into socially conscious and entrepreneurial leaders of the future. By supporting their education, the foundation aims to create a brighter future. The students of Liger Charitable Foundation serve as catalysts for change, making a significant impact in their local, national, and international communities. Recognizing the growing global economic inequality and wealth disparity, the foundation believes in investing in the right individuals, who have the potential to positively impact many lives.
Official website here: www.ligeracademy.org
Who is the CEO of The Liger Charitable Foundation?
Trevor Gile is the Country Director of The Liger Charitable Foundation.
Official website here: www.ligeracademy.org
What is the revenue of The Liger Charitable Foundation?
The Liger Charitable Foundation's revenue in 2022 was $157,393.
Official website here: www.ligeracademy.org
Who are the executives of The Liger Charitable Foundation and what are their salaries?
The average compensation at The Liger Charitable Foundation during 2022 was $15,116. There are 42 employees and 3 volunteers at The Liger Charitable Foundation.
Here are 6 key members and their salaries:
- Compensation: $95,550
- Related: $0
- Other: $44,257
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ligeracademy.org
Where can I find the form 990 for The Liger Charitable Foundation?
The Liger Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ligeracademy.org
Learn more at the official website: www.ligeracademy.org
Mission Statement of The Liger Charitable Foundation
The Liger Charitable Foundation, in its mission, aims to create a brighter future by recognizing and nurturing the potential of promising youth. This nonprofit organization believes in investing in a select few individuals with the right qualities to become tomorrow's socially responsible and entrepreneurial leaders. By supporting their education, Liger Charitable Foundation seeks to empower these young individuals to bring about positive change in their communities, both locally and globally. Recognizing the growing issue of economic inequality and wealth disparity, Liger Charitable Foundation is committed to identifying and developing these future leaders, who can, in turn, improve the lives of many.
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Impact
October, 2024
The Liger Charitable Foundation makes a profound impact by nurturing the potential of promising youth in Cambodia. Through its primary initiative, the Liger Leadership Academy, the foundation provides scholarships for students to receive a comprehensive and competitive education that emphasizes innovative leadership, STEM, and entrepreneurship. In the 2021-22 school year, 53 students benefited from full residential and educational scholarships, which included room and board, healthcare, clothing, and various educational supplies.
The foundation not only supports high school students but also assists alumni in pursuing higher education. It provided grants for tuition and fees to seven students, housed alumni for remote university studies during COVID-19 restrictions, and issued loans to help nine alumni cover various education and living expenses.
A unique aspect of the Liger Leadership Academy is its emphasis on community engagement. Students participate in hands-on, interdisciplinary projects that address real-world issues within local communities, fostering problem-solving skills and a commitment to societal improvement. Each year, students reflect on their contributions to Cambodians, reinforcing their responsibility as future leaders.
With a mission focused on creating empathetic and well-rounded graduates, the foundation is dedicated to transforming Cambodia by cultivating socially conscious entrepreneurial leaders. This investment in the youth of today is a strategic effort to create a brighter future for the nation, acknowledging that empowering a few can lead to meaningful change for many.
This information is meant to be a general summary of The Liger Charitable 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.
- Gross Receipts: $157,393
Assets and Liabilities:
- Total Assets: $4,398,340
- Total Liabilities: $5,032,561
- Net Assets: -$634,221
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Organization Details
Founding Year
2009
Phone
(212) 255-3234Principal Officer
Trevor Gile
Main Address
68 WHITE ST 7-284, RED BANK, NJ, 07701
Website
www.ligeracademy.orgNTEE Category
Code: Q33 - International
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