Overview
What is Universidad Monteavila Foundation Corp?
Universidad Monteavila Foundation Corp is a nonprofit organization situated in Miami, Florida. Its primary mission is to raise funds for the construction of a new campus for Universidad Monteavila, a Venezuelan institution of higher education. This non-profit organization, with its own legal personality, is dedicated to providing academic and scientific training to competent professionals in their respective fields. The funds collected by the foundation will directly contribute to the development of the new campus in Caracas, Venezuela.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Universidad Monteavila Foundation Corp has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 58% reflects strengths in board independence and program expense ratio, suggesting that a high percentage of funds are directed towards its programs. However, the organization has deficiencies that impair its rating.
The foundation boasts a perfect score for its independent board members and demonstrates strong governance through documented board meeting minutes. Despite these strengths, it has not established essential policies such as conflict of interest, whistleblower, and document retention, which are critical for transparency and accountability. The absence of a listed website on its tax form further raises concerns about its commitment to public disclosure.
Moreover, the foundation's liabilities exceed its assets, resulting in a concerning ratio that impacts its financial stability. While the high program expense ratio indicates a focus on its mission, the limited accountability measures raise questions about its operational integrity. Overall, potential donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Universidad Monteavila Foundation Corp legitimate?
Universidad Monteavila Foundation Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Universidad Monteavila Foundation Corp 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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What is the mission statement of Universidad Monteavila Foundation Corp?
The Universidad Monteavila Foundation Corp's mission is centered around raising funds for the construction of a new campus for the Universidad Monteavila, a non-profit Venezuelan institution of higher education. Upon achieving their fundraising goals, the foundation plans to donate all the net proceeds towards this project, aiming to support the academic and scientific development of competent professionals in various fields. The foundation's activities are dedicated to contributing to the growth and expansion of Universidad Monteavila, ultimately enhancing the educational opportunities for its students.
Who is the CEO of Universidad Monteavila Foundation Corp?
Luis Casas is the Director of Universidad Monteavila Foundation Corp.
What is the revenue of Universidad Monteavila Foundation Corp?
Universidad Monteavila Foundation Corp's revenue in 2022 was $38,778.
Who are the executives of Universidad Monteavila Foundation Corp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Universidad Monteavila Foundation Corp?
Universidad Monteavila Foundation Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Universidad Monteavila Foundation Corp
The Universidad Monteavila Foundation Corp, a non-profit organization dedicated to higher education, is on a mission to raise funds for the construction of a new campus for the Universidad Monteavila in Venezuela. This esteemed institution is renowned for its academic and scientific training of competent professionals in various fields. Upon successfully obtaining the necessary funds, the Foundation commits to donating all the net proceeds towards the construction project of the new campus, aiming to support the educational growth and development of the Universidad Monteavila.
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Impact
August, 2024
The impact of Universidad Monteavila Foundation Corp is focused on obtaining the necessary funds for the construction of a new campus for the Universidad Monteavila in Caracas, Venezuela. By channeling all net proceeds raised towards this endeavor, the foundation plays a crucial role in supporting the development and growth of this Venezuelan institution of higher education. This support helps in enhancing the academic and scientific training provided by the Universidad Monteavila, ultimately contributing to the creation of competent professionals in various areas of expertise. Through its mission, Universidad Monteavila Foundation Corp significantly contributes to the advancement of education and infrastructure in Caracas, Venezuela.
This information is meant to be a general summary of Universidad Monteavila Foundation Corp. 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: $38,778
Assets and Liabilities:
- Total Assets: $451,211
- Total Liabilities: $498,000
- Net Assets: -$46,789
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Organization Details
Founding Year
2018
Phone
(305) 890-3496Principal Officer
Luis Casas
Main Address
8950 SW 74TH COURT 2201, MIAMI, FL, 33156
NTEE Category
Code: Q33 - International
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