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Azzem International Foundation Ltd

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

EIN: 814319627 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

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Overview

What is Azzem International Foundation Ltd?

Azzem International Foundation Ltd is a nonprofit organization situated in Brooklyn, New York. Its primary focus lies in fostering intercultural dialogue in a multicultural environment, promoting international and regional cooperation among people from Azerbaijan, Europe, and Asia. This is accomplished through the publication of a cultural magazine. Beyond cultural exchange, the foundation addresses humanitarian issues in various sectors, such as education, culture, health, and social welfare, contributing to global cooperation and understanding.

What are the reviews and ratings of this charity?

Charity Navigator Rating: One-Star out of Four Star rating

Azzem International Foundation Ltd has received a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score stands at 58%, which points to several areas needing improvement, especially in governance and compliance with transparency standards.

Despite some strengths, such as a fully independent board and a commendable program expense ratio of 70.16%, the organization faces critical challenges. Notably, it lacks essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which are crucial for maintaining ethical standards and transparency in operations.

Moreover, the organization has a concerning liabilities to assets ratio, scoring 0 out of 15 points, suggesting potential financial instability. Additionally, the absence of tax forms on its website raises further questions about transparency and accountability to its stakeholders. Overall, while Azzem International Foundation Ltd demonstrates some positive governance aspects, the significant gaps in policy and financial management warrant caution for potential donors and supporters.


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

Is Azzem International Foundation Ltd legitimate?

Azzem International Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Azzem International Foundation Ltd 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

What is the mission statement of Azzem International Foundation Ltd?

Azzem International Foundation Ltd is committed to addressing intercultural dialogue issues in a multicultural environment. The organization fosters international and regional cooperation among individuals from Azerbaijan, Europe, and Asia. Their mission encompasses addressing humanitarian challenges in various sectors, including education, culture, health, and social spheres. To accomplish this, they publish a cultural magazine, serving as a platform for promoting understanding and cooperation among diverse cultures.

Who is the CEO of Azzem International Foundation Ltd?

Elina Khanukov is the President of Azzem International Foundation Ltd.

What is the revenue of Azzem International Foundation Ltd?

Azzem International Foundation Ltd's revenue in 2021 was $5,117.

Who are the executives of Azzem International Foundation Ltd and what are their salaries?


Here are 3 key members and their salaries:


Elina Khanukov (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephani Khanukov (Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Oleg Mavsumov (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Azzem International Foundation Ltd?

Azzem International Foundation Ltd's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Azzem International Foundation Ltd

Azzem International Foundation Ltd is dedicated to addressing issues related to intercultural dialogue in a multicultural environment. The organization seeks to foster international and regional cooperation among people from Azerbaijan, Europe, and Asia. Azzem International Foundation Ltd aims to tackle humanitarian challenges across various sectors, including education, culture, health, and social issues, among others. To achieve its mission, the foundation publishes a cultural magazine, serving as a platform for promoting intercultural dialogue and understanding.

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Impact




August, 2024

Azzem International Foundation Ltd contributes to international and regional cooperation among people from Azerbaijan, Europe, and Asia by addressing humanitarian problems in areas such as education, culture, health, and social spheres. Through the publication of a cultural magazine, the organization promotes intercultural dialogue in a multicultural environment. Based in Brooklyn, NY, Azzem International Foundation Ltd plays a crucial role in fostering understanding and collaboration among diverse communities.




This information is meant to be a general summary of Azzem International Foundation Ltd. 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
$5,117 (2021)
Expenses
$39,372 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $9
  • Gross Receipts: $5,117

Assets and Liabilities:

  • Total Assets: $40,483
  • Total Liabilities: $40,483
  • Net Assets: $0

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Organization Details

Founding Year

2016

Principal Officer

Elina Khanukov

Main Address

2830 OCEAN PKY, BROOKLYN, NY, 11235

NTEE Category

Code: A12 - Arts

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