Overview
What is Friends Of Ifosud?
Friends of Ifosud is a nonprofit organization located in Northwood, North Dakota, with a postal address of PO Box 282. Their primary mission is to aid in alleviating poverty among Haitian farmers and small business owners in a sustainable manner. They achieve this by supporting the initiatives of IFOSUD, a worthy and qualifying grantee, as well as other organizations aligned with this mission. Friends of Ifosud has a modest workforce of two individuals dedicated to making a difference in the lives of those in need in Haiti.
Official website here: www.friendsofifosud.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two Stars, 73%)
Friends Of Ifosud has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement despite solid performance in several key areas. The organization excels in accountability and finance, achieving a perfect score of 100%, with an independent board comprising all members ensuring governance integrity and transparency. The program expense ratio is notably high at 94.95%, suggesting that a significant portion of their resources is directed towards their programs.
However, the nonprofit faces challenges in several important operational aspects. They have not provided financial statements, which significantly impacts their transparency score, leading to a zero in that category. Additionally, they are lacking a whistleblower policy and a document retention policy, which are critical for good governance and risk management. The absence of their tax form on the nonprofit's website further limits their transparency.
While Friends Of Ifosud demonstrates strong commitment to its mission through effective program spending and governance structure, it must address the missing documentation and policies to enhance its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Friends Of Ifosud?
88% of 5 reviewers on Facebook recommend Friends of Ifosud. Here is a summary of their insights:
The nonprofit is praised for its dedication to supporting Haitian farmers through education and spiritual outreach, reflecting a strong commitment to community-driven assistance. Reviewers express admiration for the organization’s efforts to empower local individuals rather than imposing external solutions, highlighting that the work aligns with a philosophy of mutual support and faith-based outreach.
Overall, sentiment towards Friends of Ifosud is positive, with supporters recognizing the effectiveness and purposefulness of its mission. Those involved appreciate the direction and impact of the organization, suggesting a strong belief in its practices and goals.
This AI summary has been generated from reviews found on Facebook.
Is Friends Of Ifosud legitimate?
Friends Of Ifosud is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Ifosud 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: $62,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,900
For more financial information, click here
Official website here: www.friendsofifosud.org
What is the mission statement of Friends Of Ifosud?
The mission of Friends Of Ifosud is to support worthy and qualifying grantees in their mission to alleviate poverty among Haitian farmers and small business owners in a sustainable manner. By doing so, they aim to contribute to the long-term betterment of these communities. The organization's primary goal is to assist Ifosud, a notable entity, in its objective of uplifting Haitian farmers and small business owners out of poverty in a sustainable and lasting manner. Friends Of Ifosud serves as a catalyst for this transformation, providing essential support to these grantees.
Official website here: www.friendsofifosud.org
Who is the CEO of Friends Of Ifosud?
Richie Ostlie is the President of Friends Of Ifosud.
Official website here: www.friendsofifosud.org
What is the revenue of Friends Of Ifosud?
Friends Of Ifosud's revenue in 2022 was $780,151.
Official website here: www.friendsofifosud.org
Who are the executives of Friends Of Ifosud and what are their salaries?
The average compensation at Friends Of Ifosud during 2022 was $37,762. There are 2 employees and 8 volunteers at Friends Of Ifosud.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $62,625
- Related: $0
- Other: $0
Official website here: www.friendsofifosud.org
Where can I find the form 990 for Friends Of Ifosud?
Friends Of Ifosud's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendsofifosud.org
Learn more at the official website: www.friendsofifosud.org
Mission Statement of Friends Of Ifosud
Friends of Ifosud is an organization committed to supporting Ifosud and eligible grantees in their mission to alleviate poverty among Haitian farmers and small business owners in a sustainable manner. The core objective of Friends of Ifosud is to contribute to the mission of Ifosud by providing assistance to deserving and suitable grantees, with the ultimate goal of eradicating poverty among Haitian farmers and small business owners in a long-term, sustainable manner. By offering support to Ifosud and its chosen grantees, Friends of Ifosud aims to contribute to the economic development and improvement of living standards in Haiti.
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Impact
July, 2024
Friends Of Ifosud's impact is focused on supporting Ifosud and other deserving grantees in their mission to alleviate poverty among Haitian farmers and small business owners in a sustainable manner. Their work aims to uplift these communities by providing the necessary resources and support to improve their livelihoods. Through their efforts, Friends of Ifosud is contributing to the economic empowerment and overall well-being of individuals in Haiti, ultimately making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Friends Of Ifosud. 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: $780,151
Assets and Liabilities:
- Total Assets: $144,964
- Total Liabilities: $0
- Net Assets: $144,964
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Organization Details
Founding Year
2015
Phone
(701) 238-1876Principal Officer
Richie Ostlie
Main Address
PO BOX 282, NORTHWOOD, ND, 58267
Website
www.friendsofifosud.orgNTEE Category
Code: Q31 - International
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