Overview
What is Maker Bhavan Foundation?
The Maker Bhavan Foundation, located in Palo Alto, California, serves as a significant advocate for STEM education in India. Their primary objective is to prepare students for the job market by making their education more relevant and responsive to societal needs. They achieve this by offering resources such as tools, equipment, financial aid, and knowledge to Indian engineering colleges. The foundation has seen an increase in activities, including the introduction of two new academic courses, project courses, and industry workshops, attracting a combined total of 956 attendees.
Official website here: www.makerbhavanfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
Maker Bhavan Foundation has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This score is derived solely from the Accountability & Finance beacon, indicating that the organization demonstrates a commitment to transparency and responsible financial management. Most notably, the foundation has a fully independent board, scoring full points in this area, and shows no material diversion of assets.
The organization excels in program expenses, with an impressive 93.26% of its budget allocated to programs, suggesting efficient use of funds in fulfilling its mission. Additionally, the foundation has maintained a healthy liability to assets ratio of 1.85%, highlighting sound financial stability. However, there are notable gaps in governance policies; specifically, the absence of a conflict of interest policy, whistleblower policy, and document retention policy, which are critical for ensuring transparency and accountability.
While the strengths in financial management are commendable, the lack of certain governance policies raises concerns about the organization’s overall accountability. Addressing these limitations could enhance Maker Bhavan Foundation's standing and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Maker Bhavan Foundation legitimate?
Maker Bhavan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maker Bhavan 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.makerbhavanfoundation.org
What is the mission statement of Maker Bhavan Foundation?
The Maker Bhavan Foundation's mission is centered around enhancing STEM education in India. The primary objective is to prepare students to become innovative and employment-ready upon graduation. To achieve this, the foundation serves as a global resource for Indian engineering colleges. It provides them with essential tools, equipment, financial resources, and knowledge. This strategic support ensures that the education delivered is more aligned with the realistic needs of students and society as a whole, thereby making it more relevant and responsive.
Official website here: www.makerbhavanfoundation.org
Who is the CEO of Maker Bhavan Foundation?
Subhash Tantry is the President of Maker Bhavan Foundation.
Official website here: www.makerbhavanfoundation.org
What is the revenue of Maker Bhavan Foundation?
Maker Bhavan Foundation's revenue in 2022 was $478,917.
Official website here: www.makerbhavanfoundation.org
Who are the executives of Maker Bhavan Foundation and what are their salaries?
There 25 volunteers at Maker Bhavan Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.makerbhavanfoundation.org
Where can I find the form 990 for Maker Bhavan Foundation?
Maker Bhavan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.makerbhavanfoundation.org
Learn more at the official website: www.makerbhavanfoundation.org
Mission Statement of Maker Bhavan Foundation
Maker Bhavan Foundation, a nonprofit organization, is dedicated to advancing Stem Education in India. Their mission is to prepare students to become innovative and employment-ready upon graduation. To accomplish this, the foundation serves as a global resource for Indian engineering colleges, providing them with essential tools, equipment, financial assistance, and knowledge. By doing so, the education delivered becomes more in tune with the real-world needs of students and society at large. In essence, Maker Bhavan Foundation aims to empower Indian engineering colleges to deliver education that is more responsive and relevant to the modern world, thereby equipping students with the skills they need to succeed in their careers.
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Impact
July, 2024
The Maker Bhavan Foundation is making a significant impact by enabling STEM education in India to train students to be innovative and job-ready upon graduation. By providing access to tools, equipment, financial resources, and knowledge, the foundation is ensuring that the education imparted is relevant and responsive to the real-life needs of students and society at large. The foundation's largest academic makerspace at IIT Gandhinagar has expanded its activities, offering new academic courses, project courses conducted by faculty staff with a total of 400 attendees, and industry workshops attracting over 556 attendees. This impactful work is helping to shape the next generation of skilled and adaptable professionals in the STEM field.
This information is meant to be a general summary of Maker Bhavan 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.
- Investment Income: $5,067
- Gross Receipts: $478,917
Assets and Liabilities:
- Total Assets: $246,428
- Total Liabilities: $4,570
- Net Assets: $241,858
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Organization Details
Founding Year
2017
Phone
(650) 346-6300Principal Officer
Subhash Tantry
Main Address
1228 Harker Avenue, Palo Alto, CA, 94301
NTEE Category
Code: B80 - Education
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