Overview
What is Instauratio Magna Foundation?
The Instauratio Magna Foundation is a nonprofit organization, operating in compliance with Section 501(c)(3) of the Internal Revenue Code of 1986. Its primary purpose is to contribute to charitable, educational, and scientific ventures. Although the specific activities or mission of the foundation are not explicitly outlined in the provided information, it is clear that Instauratio Magna Foundation is dedicated to making a positive impact in these three important areas.
Official website here: www.instauratiomagnafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Instauratio Magna Foundation holds a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. This rating is derived entirely from their financial metrics, highlighting their reliable performance in managing resources and maintaining fiscal responsibility. Key strengths include having a fully independent board and a commendable program expense ratio of 92.28%, indicating that a significant portion of their funds directly supports their mission.
However, the organization has notable limitations regarding governance policies. The absence of a conflict of interest policy, whistleblower policy, and document retention policy may raise concerns about transparency and ethical oversight. These missing components can impact stakeholder trust and the foundation's overall governance practices, despite their strong financial management.
Overall, the Instauratio Magna Foundation demonstrates effective resource allocation and independent oversight but needs to address its governance policies to enhance transparency and build greater confidence among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Instauratio Magna Foundation legitimate?
Instauratio Magna Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Instauratio Magna Foundation submitted a form 990EZ, 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.
Official website here: www.instauratiomagnafoundation.org
What is the mission statement of Instauratio Magna Foundation?
The Instauratio Magna Foundation is dedicated to serving charitable, educational, and scientific purposes, adhering to Section 501(c)(3) of the Internal Revenue Code of 1986. Its operations are centered around these three areas with the aim of contributing positively to society in a charitable, educational, and scientific capacity. The foundation's activities are aligned with the guidelines set forth in the Internal Revenue Code, ensuring its commitment to these pursuits.
Official website here: www.instauratiomagnafoundation.org
Who is the CEO of Instauratio Magna Foundation?
Svetozar Minkov is the President of Instauratio Magna Foundation.
Official website here: www.instauratiomagnafoundation.org
What is the revenue of Instauratio Magna Foundation?
Instauratio Magna Foundation's revenue in 2022 was $0.
Official website here: www.instauratiomagnafoundation.org
Who are the executives of Instauratio Magna Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.instauratiomagnafoundation.org
Where can I find the form 990EZ for Instauratio Magna Foundation?
Instauratio Magna Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.instauratiomagnafoundation.org
Learn more at the official website: www.instauratiomagnafoundation.org
Mission Statement of Instauratio Magna Foundation
Instauratio Magna Foundation, as a charitable organization, is dedicated to serving a cause that aligns with Section 501(c)(3) of the Internal Revenue Code of 1986. This means it is committed to promoting charitable, educational, and scientific pursuits. The foundation's mission is to contribute to societal betterment through these three primary sectors, working tirelessly to make a positive impact. By adhering to these guidelines, Instauratio Magna Foundation seeks to contribute to the wellbeing of communities and individuals, ensuring its efforts are aligned with the broader goals of charitable and educational advancement.
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Impact
October, 2024
Instauratio Magna Foundation significantly impacts the educational landscape by focusing on charitable, educational, and scientific initiatives. Based in Chicago, Illinois, the foundation aims to foster educational advancements and support scientific endeavors. By promoting a culture of learning and inquiry, it plays a crucial role in enhancing community access to quality education and resources. Its commitment to these values not only contributes to individual growth but also empowers broader societal development through informed and educated citizens. The foundation's efforts help bridge gaps in education, making a lasting difference in the lives of those it serves.
This information is meant to be a general summary of Instauratio Magna 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.
Assets and Liabilities:
- Total Assets: $42,194
- Total Liabilities: $0
- Net Assets: $42,194
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Organization Details
Phone
(740) 324-0234Principal Officer
Svetozar Minkov
Main Address
1925 West Patterson Avenue, Chicago, IL, 60613
NTEE Category
Code: B19 - Education
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