Overview
What is Wonfel Aid Inc?
Wonfel Aid Inc is a charitable organization based in Campbell, California. Its primary mission is to support and uplift the underprivileged Amhara community, both within and beyond Ethiopia. The organization focuses on three key areas: poverty reduction, providing access to education and healthcare, and preserving social values. In 2022, Wonfel Aid Inc significantly impacted hundreds and thousands of individuals by offering emergency assistance and rehabilitation, support for the arts, culture, and humanities, and aid to families of fallen heroes. Through these initiatives, the organization aims to improve the lives of its beneficiaries at least temporarily.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates that while Wonfel Aid Inc has some strengths, there are significant concerns regarding its financial reporting and transparency.
One of the nonprofit's notable strengths is its program expense ratio, which stands impressively at 99%. This suggests that a substantial portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization boasts a fully independent board of directors, reflecting strong governance practices in this regard.
However, the charity faces considerable limitations in other areas. The lack of financial statements and various missing policies, such as conflict of interest and whistleblower policies, adversely impact its accountability score. These gaps in documentation may raise concerns about the organization’s transparency and governance practices, necessitating improvements for better stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Wonfel Aid Inc legitimate?
Wonfel Aid Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wonfel Aid 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Wonfel Aid Inc?
Wonfel Aid Inc, as a charitable organization, is dedicated to improving the livelihoods of underprivileged individuals within the Amhara community, both in Ethiopia and beyond. Their primary objectives include alleviating poverty, providing access to education, and upholding social values. The corporation's mission is to benefit this community by offering assistance in various ways, aiming to significantly improve their lives. In the year 2022 alone, they provided emergency aid and rehabilitation, supported arts and cultural programs, and offered assistance to families of fallen heroes, helping numerous individuals and moving many towards a better life.
Who is the CEO of Wonfel Aid Inc?
Teferi Abera is the Bod of Wonfel Aid Inc.
What is the revenue of Wonfel Aid Inc?
Wonfel Aid Inc's revenue in 2022 was $1,808,151.
Who are the executives of Wonfel Aid Inc and what are their salaries?
There 11 volunteers at Wonfel Aid Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Wonfel Aid Inc?
Wonfel Aid Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wonfel Aid Inc
Wonfel Aid Inc, as a charitable organization, is dedicated to improving the lives of underprivileged individuals within or beyond Ethiopia's Amhara community. The corporation's mission is centered around three primary objectives: alleviating poverty, facilitating access to education and healthcare, and preserving social values. By focusing on these areas, Wonfel Aid Inc aims to uplift hundreds and thousands of individuals, providing them with the opportunity to lead better lives, at least for the 2022 calendar year.
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Impact
July, 2024
Wonfel Aid Inc's impact is significant in benefiting the underprivileged Amhara community, both within and outside of Ethiopia. Through its efforts in poverty reduction, access to education and health, and protecting social values, the organization has made a positive difference in the lives of hundreds and thousands of individuals in 2022 alone. The three largest program services by amount of expense: Emergency assistance and rehabilitation, Art, culture & humanities, and supporting families in need, have all contributed to moving people towards a better life.
This information is meant to be a general summary of Wonfel Aid 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.
- Gross Receipts: $1,808,151
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2019
Phone
(408) 218-6904Principal Officer
Teferi Abera
Main Address
327 REDDING RD, CAMPBELL, CA, 950086717
NTEE Category
Code: Q33 - International
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