Overview
What is Friends Of Qut In America Foundation?
The Friends of QUT in America Foundation is a nonprofit organization situated in New York City, specifically at 1350 AVE OF THE AMERICAS FL2 STE 266. Their primary mission is to foster education by funding various educational programs and projects, with a strong focus on supporting cutting-edge research that yields positive impacts globally. One of their current initiatives involves backing Phase-3 of the CoralBots project at Queensland University, aimed at promoting coral reef seeding. The foundation serves as a catalyst for knowledge advancement and world betterment through educational funding.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72% (Two-Star out of Four Stars)
Friends Of Qut In America Foundation has received a Two-Star rating from Charity Navigator, reflecting a score of 72% based on accountability and finance metrics. The score is derived entirely from the Accountability & Finance category, underscoring the charity's limited performance in transparency and financial reporting.
One of the strengths of the organization is its governance structure, evidenced by having 100% independent board members. Additionally, the charity has a commendable program expense ratio of 99.97%, indicating that nearly all of its funds are directed toward its programs. The presence of policies regarding conflict of interest, whistleblowing, and document retention demonstrates a commitment to ethical governance.
However, there are notable limitations, particularly concerning financial transparency. The charity has not posted financial statements or its Form 990 on its website, which affects its score negatively in key areas. Moreover, the independent board size is limited, which may impact governance effectiveness. Overall, while the charity excels in certain areas, its lack of financial disclosures raises concerns about its overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Qut In America Foundation legitimate?
Friends Of Qut In America Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Qut In America Foundation 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.
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What is the mission statement of Friends Of Qut In America Foundation?
The Friends of QUT in America Foundation has a primary mission to support education by financing educational programs and projects, with a focus on the best research that positively impacts the world. This includes funding for CoralBots, a coral reef seeding initiative, in its third phase at Queensland University. The organization aims to contribute to knowledge expansion and advancements in various sectors through its financial backing.
Who is the CEO of Friends Of Qut In America Foundation?
Greg Creed is the Director/Pre of Friends Of Qut In America Foundation.
What is the revenue of Friends Of Qut In America Foundation?
Friends Of Qut In America Foundation's revenue in 2022 was $1,015,250.
Who are the executives of Friends Of Qut In America Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Friends Of Qut In America Foundation?
Friends Of Qut In America Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Qut In America Foundation
The Friends of QUT in America Foundation is dedicated to promoting education by financially backing educational programs and projects that yield positive outcomes for the global community. This nonprofit organization focuses on supporting the best research, which has the potential to significantly impact the world around us. Currently, one of their primary initiatives involves funding the CoralBots project for the coral reef seeding phase at Queensland University. This project aims to contribute to the preservation and restoration of coral reefs, which are crucial for maintaining a healthy marine ecosystem. By providing financial support, the Friends of QUT in America Foundation is playing a vital role in fostering innovative research and education in the field of environmental conservation.
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Impact
July, 2024
Friends Of Qut In America Foundation's impact is felt through its support of education by funding educational programs and projects that have a positive impact on the world. One notable initiative is the support for Coralbots for Coral Reef Seeding Phase-3 at Queensland University. By investing in such projects, the organization is contributing to the preservation of coral reefs and the marine ecosystem. Overall, their work aligns with their mission to support impactful research and educational programs, making a difference on an international scale.
This information is meant to be a general summary of Friends Of Qut In America Foundation. 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: $1,015,250
Assets and Liabilities:
- Total Assets: $10,280
- Total Liabilities: $0
- Net Assets: $10,280
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Organization Details
Founding Year
2017
Phone
(646) 867-0994Principal Officer
Greg Creed
Main Address
1350 AVE OF THE AMERICASFL2STE266, NEW YORK, NY, 10019
NTEE Category
Code: Q11 - International
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