Overview
What is Wasti Foundation Inc?
Wasti Foundation Inc, based in Brooklyn, New York, serves as a compassionate nonprofit organization, dedicated to offering medical and social aid to individuals in need. Their initiatives extend beyond basic assistance, reaching out to deserving students by providing financial aid. As an international relief organization, they strive to make a difference in various communities, operating from their Brooklyn headquarters.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Wasti Foundation Inc has received a rating of 50% from Charity Navigator, which reflects significant concerns regarding its accountability and financial management. While the organization boasts a fully independent board, it has not met several critical benchmarks, such as transparency in governance and policies. This low rating indicates potential issues in how the organization operates and reports its activities.
Strengths of the Wasti Foundation include a strong liabilities to assets ratio and a commitment to avoiding material diversion of assets, both of which suggest sound financial practices in certain areas. However, the foundation has substantial shortcomings in its governance policies, including a lack of established conflict of interest and whistleblower policies, which are vital for maintaining integrity and trust within nonprofit operations.
Limitations are evident in the foundation’s transparency, as it has not made necessary documents like board meeting minutes and its tax form available on its website. These deficiencies may hinder donor confidence and affect the organization's overall effectiveness in achieving its mission. Overall, the Wasti Foundation Inc faces significant challenges that it must address to improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Wasti Foundation Inc legitimate?
Wasti Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wasti Foundation Inc 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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What is the mission statement of Wasti Foundation Inc?
The Wasti Foundation's mission is centered around offering medical and social aid to individuals in need. Through various programs, this organization extends its assistance, including providing financial aid for students. By operating as an international relief organization, the Wasti Foundation aims to make a significant impact on people's lives, regardless of their circumstances.
Who is the CEO of Wasti Foundation Inc?
Azra T Wasti is the President of Wasti Foundation Inc.
What is the revenue of Wasti Foundation Inc?
Wasti Foundation Inc's revenue in 2022 was $0.
Who are the executives of Wasti Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wasti Foundation Inc?
Wasti Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wasti Foundation Inc
The Wasti Foundation, a notable nonprofit organization, is dedicated to providing medical and social assistance to individuals in need. Their mission is rooted in offering various programs that cater to this cause. One of their significant initiatives involves providing financial aid to students, furthering their educational opportunities. As an international relief organization, the Wasti Foundation operates with a global perspective, aiming to make a positive impact on the lives of those less fortunate. Their programs are designed to address both medical and social needs, offering a holistic approach to assistance.
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Impact
October, 2024
Wasti Foundation Inc significantly impacts communities by delivering essential medical and social assistance to those in need. Operating from Brooklyn, NY, the foundation addresses critical gaps in healthcare and support, offering various programs designed to uplift vulnerable populations. One of its key initiatives includes providing financial aid for students, enabling them to pursue education despite financial hardships.
Through its international reach, the foundation not only assists individuals locally but also extends its services to a broader global audience, contributing to the relief and support of those facing acute challenges. By focusing on holistic care that encompasses both medical needs and social welfare, Wasti Foundation Inc fosters resilience and empowers individuals to improve their circumstances, ultimately enhancing the overall quality of life in the communities it serves.
This information is meant to be a general summary of Wasti Foundation Inc. 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.
Assets and Liabilities:
- Total Assets: $10,469
- Total Liabilities: $0
- Net Assets: $10,469
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Organization Details
Founding Year
2016
Phone
(646) 361-4409Principal Officer
Azra T Wasti
Main Address
2417 OCEAN PARKWAY, BROOKILYN, NY, 11235
NTEE Category
Code: Q33 - International
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