Overview
What is International Foundation For Social Impact Inc Fka Ifre Inc?
The International Foundation For Social Impact Inc, previously known as IFRE Inc, is a nonprofit organization located in New York, specifically at 250 W 55th St, 25th Floor 25B. Their primary mission is to contribute to the advancement of education in various sectors, including medicine, engineering, management, computer software, hardware, and information technology. They strive to uplift society by establishing educational institutions and research centers on a not-for-profit basis. At present, Ashoka University in India, a beneficiary of their work, provides scholarships to over half of its students in both undergraduate and postgraduate programs. The organization is currently planning to introduce limited PhD and Masters programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The International Foundation For Social Impact Inc has received a One-Star rating from Charity Navigator, indicating significant areas of concern in accountability and financial practices. The organization scored 50% overall, reflecting a lack of transparency and governance. Notably, the board of directors lacks independent members, which raises questions about oversight and decision-making.
The charity's financial reporting appears to be inadequate, with missing financial statements and no evidence of adherence to essential policies such as conflict of interest and whistleblower protections. Additionally, the failure to post tax forms and board meeting minutes on its website further detracts from its credibility and accountability to donors and the public.
On a positive note, the organization exhibits a 100% program expense ratio, suggesting that all of its expenses are directed toward programs rather than administrative costs. However, the absence of critical governance and financial frameworks significantly limits the foundation's effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is International Foundation For Social Impact Inc Fka Ifre Inc legitimate?
International Foundation For Social Impact Inc Fka Ifre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Foundation For Social Impact Inc Fka Ifre 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
What is the mission statement of International Foundation For Social Impact Inc Fka Ifre Inc?
The International Foundation For Social Impact Inc, formerly known as IFRE Inc, has a mission to advance education in various fields such as medical, engineering, management, computer software, hardware, and information technology. They aim to achieve this by establishing educational institutions and research centers with a not-for-profit objective, with the ultimate goal of uplifting society. The foundation has supported Ashoka University in India, which now offers undergraduate and postgraduate programs with over half of the students receiving scholarships. In the near future, Ashoka will introduce a limited range of PhD and Masters programs.
Who is the CEO of International Foundation For Social Impact Inc Fka Ifre Inc?
Jaideep Khanna is the Secretary of International Foundation For Social Impact Inc Fka Ifre Inc. The CEO's salary of International Foundation For Social Impact Inc Fka Ifre Inc is $0 and their total compensation is $0.
What is the revenue of International Foundation For Social Impact Inc Fka Ifre Inc?
International Foundation For Social Impact Inc Fka Ifre Inc's revenue in 2022 was $1,665,505.
Who are the executives of International Foundation For Social Impact Inc Fka Ifre Inc and what are their salaries?
Here are 3 key members and their salaries (International Foundation For Social Impact Inc Fka Ifre Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for International Foundation For Social Impact Inc Fka Ifre Inc?
International Foundation For Social Impact Inc Fka Ifre Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of International Foundation For Social Impact Inc Fka Ifre Inc
The International Foundation For Social Impact Inc, formerly known as Ifre Inc, is committed to advancing education in various fields with a not-for-profit motive. Their mission is to establish and maintain schools, colleges, institutions, and research centers, focusing on medical, engineering, management, computer software, hardware, and information technology. The ultimate goal is to uplift society by providing access to quality education.
This nonprofit organization aims to promote learning in these specific areas, recognizing their potential to significantly impact society. By establishing educational institutions, they seek to provide opportunities for individuals to excel in these fields, thereby contributing positively to their communities. The not-for-profit nature of the foundation ensures that the benefits of education are accessible to a wide range of individuals, irrespective of their financial capabilities.
At present, Ashoka University in India serves as a testament to the foundation's impact. With the assistance of the International Foundation For Social Impact Inc, Ashoka University has been able to offer scholarships to over half of its students, making higher education more affordable and accessible to a larger population. The university offers both undergraduate and postgraduate programs, with a focus on liberal arts, preparing students for success in their chosen fields. In the near future, Ashoka University plans to launch a limited range of PhD and Masters programs, further expanding its educational offerings.
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Impact
July, 2024
International Foundation For Social Impact Inc Fka Ifre Inc has made a significant impact by promoting education in various fields such as medical, engineering, management, computer software, hardware, and information technology. The corporation has established schools, colleges, institutions, and education and research centers with a vision to uplift society through education.
Specifically, the organization has collaborated with Ashoka University in India to promote higher education. This partnership has resulted in more than 50% of students receiving some form of scholarship in undergraduate and postgraduate programs. Ashoka University offers a variety of programs, including undergraduate degrees and postgraduate diplomas in the liberal arts, and plans to introduce PhD and Masters programs in the future.
By supporting educational initiatives like these, International Foundation For Social Impact Inc Fka Ifre Inc is contributing to the empowerment and development of individuals and communities, ultimately creating a positive impact on society as a whole.
This information is meant to be a general summary of International Foundation For Social Impact Inc Fka Ifre 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.
- Investment Income: $1,505
- Gross Receipts: $1,665,505
Assets and Liabilities:
- Total Assets: $4,042,642
- Total Liabilities: $0
- Net Assets: $4,042,642
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Organization Details
Founding Year
2017
Phone
(212) 961-7642Principal Officer
Jaideep Khanna
Main Address
250 W 55th St 25th Floor 25B, NY, NY, 10019
NTEE Category
Code: B12 - Education
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