Overview
What is Andres Bello Catholic University Foundation Inc?
Andres Bello Catholic University Foundation Inc is a charitable organization headquartered in Miami, Florida. Its primary objective is to enhance individuals' opportunities for higher education and support the development of capacities in higher education systems worldwide. The foundation collaborates with students, professors, authorities, and alumni to grant subsidies, foster academic exchange with U.S. universities, promote the transfer of technology and knowledge with U.S. universities, and provide various contributions to support education and sustainable development initiatives globally, including in Venezuela.
Official website here: www.abcufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Andres Bello Catholic University Foundation Inc has received a low rating of 54% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's board lacks independent members, receiving a score of 0% for having no independent representation. Additionally, critical governance policies, such as conflict of interest and whistleblower policies, are missing, further raising concerns about transparency and oversight.
On a more positive note, the foundation demonstrates effective financial management with a program expense ratio of 70.38%, which suggests that a substantial portion of its budget is directed towards its programs. The absence of material diversion of assets points to the organization’s integrity in handling funds. However, the lack of publicly available financial statements and the missing tax form on the nonprofit's website hinder a comprehensive understanding of its financial health.
Overall, while there are strengths in its program expenditures and an absence of asset diversion, the foundational issues around governance and transparency significantly impact the organization's rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Andres Bello Catholic University Foundation Inc legitimate?
Andres Bello Catholic University Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Andres Bello Catholic University 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
For more financial information, click here
Official website here: www.abcufoundation.org
What is the mission statement of Andres Bello Catholic University Foundation Inc?
The Andres Bello Catholic University Foundation Inc is committed to enhancing people's lives and fostering sustainable development. They achieve this by expanding opportunities for individuals interested in pursuing higher education. Furthermore, the foundation supports the enhancement of capacities in higher education systems worldwide. To accomplish these objectives, they collaborate with students, professors, authorities, and alumni. They provide subsidies, promote academic exchanges with universities in the US, facilitate the transfer of technology and knowledge with US universities, and make various contributions to support education and sustainable development in Venezuela and beyond.
Official website here: www.abcufoundation.org
Who is the CEO of Andres Bello Catholic University Foundation Inc?
Francisco Jose Virtuoso is the President of Andres Bello Catholic University Foundation Inc.
Official website here: www.abcufoundation.org
What is the revenue of Andres Bello Catholic University Foundation Inc?
Andres Bello Catholic University Foundation Inc's revenue in 2022 was $539,131.
Official website here: www.abcufoundation.org
Who are the executives of Andres Bello Catholic University Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.abcufoundation.org
Where can I find the form 990 for Andres Bello Catholic University Foundation Inc?
Andres Bello Catholic University Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abcufoundation.org
Learn more at the official website: www.abcufoundation.org
Mission Statement of Andres Bello Catholic University Foundation Inc
Andres Bello Catholic University Foundation Inc is committed to enhancing people's lives and promoting their sustainable development. They achieve this by expanding the opportunities for individuals interested in pursuing higher education. Furthermore, the foundation supports the development of capacities within higher education systems worldwide. To accomplish these objectives, Andres Bello Catholic University Foundation Inc collaborates with students, professors, authorities, and alumni. They provide subsidies, foster academic exchange with universities in the United States, promote the transfer of technology and knowledge with universities in the U.S., and make various contributions to support education and sustainable development initiatives in Venezuela and beyond.
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Impact
July, 2024
Andres Bello Catholic University Foundation Inc is dedicated to improving people's lives and supporting sustainable development by increasing opportunities for those interested in accessing higher education. By working in coordination with students, professors, authorities, and alumni, the foundation grants subventions, promotes academic exchange with universities in the US, facilitates the transfer of technology and knowledge, and offers other forms of support to enhance education and sustainable development in Venezuela and globally.
Through its mission to empower individuals through education and enhance capacities within higher education systems worldwide, Andres Bello Catholic University Foundation Inc is making a significant impact on the lives of many, fostering a culture of learning and growth that extends beyond borders.
This information is meant to be a general summary of Andres Bello Catholic University 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.
- Gross Receipts: $539,131
Assets and Liabilities:
- Total Assets: $1,513,388
- Total Liabilities: $0
- Net Assets: $1,513,388
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Organization Details
Founding Year
2016
Phone
(786) 238-3927Principal Officer
Francisco Jose Virtuoso
Main Address
6161 WATERFORD DISTRICT DR STE-475, MIAMI, FL, 33126
Website
www.abcufoundation.orgNTEE Category
Code: B82 - Education
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