Overview
What is Friends Of Edtf Inc Co Lulite Ejigu?
Friends of EDTF Inc Co Lulite Ejigu is a public charity headquartered in Plano, Texas, with a postal address at 3825 Manchester Circle. Established in 2022, this nonprofit organization's mission is to gather voluntary contributions from various sources, including the Ethiopian Diaspora, to support the Ethiopian Diaspora Trust Fund (EDTF) in Ethiopia. The EDTF finances people-centered social and economic development projects in various regions of Ethiopia. In 2022, the charity continued funding the five projects initiated in 2020 and 2021, and also funded the procurement and distribution of additional Covid-19-related personal protective equipment. The organization's activities are geared towards promoting developmental projects in Ethiopia, focusing on the well-being of its people.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Friends Of Edtf Inc Co Lulite Ejigu has received a commendable Four-Star out of Four Star rating, reflecting a strong commitment to accountability and finance. The organization scored an impressive 97% in this category, demonstrating effective financial practices and responsible management of resources. This high rating is indicative of the charity's transparency and dedication to its mission.
One of the key strengths highlighted in the rating is the charity's governance structure, which features a fully independent board composed of 12 members, ensuring diverse oversight without conflicts of interest. The organization has also established robust policies for conflict of interest, whistleblower protections, and document retention, which are essential for maintaining integrity and trustworthiness.
However, while the overall financial health is strong with a program expense ratio of 85.97%, indicating that a significant portion of funds goes directly to programs, continuous monitoring and improvement in other areas of operations could enhance their impact further. Overall, Friends Of Edtf Inc Co Lulite Ejigu stands out as a well-managed nonprofit committed to accountability and effective use of donations.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Edtf Inc Co Lulite Ejigu legitimate?
Friends Of Edtf Inc Co Lulite Ejigu is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Edtf Inc Co Lulite Ejigu 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
For more financial information, click here
What is the mission statement of Friends Of Edtf Inc Co Lulite Ejigu?
Friends of EDTF Inc., led by Lulite Ejigu, is an organization that seeks to gather voluntary contributions from the Ethiopian Diaspora and other supporters. The primary goal is to fund the Ethiopian Diaspora Trust Fund (EDTF) in Ethiopia. This fund is intended to finance various social and economic development projects aimed at benefiting people in different regions of Ethiopia. The mission of Friends of EDTF Inc. is to support EDTF by providing funds for people-centric initiatives that promote sustainable development. In 2022, the charity continued its support for five ongoing projects from previous years and also funded the procurement and distribution of additional Covid-19-related personal protective equipment.
What is the revenue of Friends Of Edtf Inc Co Lulite Ejigu?
Friends Of Edtf Inc Co Lulite Ejigu's revenue in 2024 was $481,962.
Who are the executives of Friends Of Edtf Inc Co Lulite Ejigu and what are their salaries?
There 12 volunteers at Friends Of Edtf Inc Co Lulite Ejigu.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Friends Of Edtf Inc Co Lulite Ejigu?
Friends Of Edtf Inc Co Lulite Ejigu's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Friends Of Edtf Inc Co Lulite Ejigu
Friends of EDTF Inc, as the name suggests, is a charitable organization with a mission to rally voluntary contributions from the Ethiopian Diaspora and other supportive individuals. The primary goal of this nonprofit is to fund the Ethiopian Diaspora Trust Fund (EDTF) located in Ethiopia. This trust fund is intended to finance a variety of socially and economically beneficial projects across different regions of Ethiopia. The projects funded by Friends of EDTF Inc aim to uplift the community, focusing on people-centric development.
In 2022, Friends of EDTF Inc continued its support by funding projects initiated in 2020 and 2021. Moreover, the organization also contributed towards the procurement and delivery of additional Covid-19 related protective equipment. By doing so, Friends of EDTF Inc demonstrates its commitment to supporting Ethiopia in various ways, including addressing health crises and promoting sustainable development.
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Impact
July, 2024
Friends of Edtf Inc Co Lulite Ejigu's impact lies in mobilizing voluntary contributions from the Ethiopian Diaspora and other supporters to fund the Ethiopian Diaspora Trust Fund (EDTF) in Ethiopia. By financing people-focused social and economic development projects in various regions of Ethiopia, the organization is contributing to positive change and progress within the country. Additionally, their efforts in funding Covid-19 related personal protection equipment highlight their commitment to addressing urgent needs and supporting the well-being of the community.
This information is meant to be a general summary of Friends Of Edtf Inc Co Lulite Ejigu. 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 2024.
- Investment Income: $269,846
- Gross Receipts: $481,962
Assets and Liabilities:
- Total Assets: $5,809,318
- Total Liabilities: $1
- Net Assets: $5,809,317
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Organization Details
Founding Year
2018
Principal Officer
Mesfin Demise
NTEE Category
Code: P20 - Human services
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