Overview
What is American Friends Of Edelgive Foundation?
The American Friends of Edelgive Foundation is a nonprofit organization situated in New York, specifically at C/O NUVAMA 12 E 49th St. Their primary mission involves grant making to qualified charitable organizations. During the COVID-19 pandemic, they focused on providing direct relief for the less privileged individuals in India. Additionally, their Grassroots Resilience Ownership and Wellness (GROW) fund aims to support and sustain 100 small and mid-sized organizations in India over the next 24 months. Furthermore, the Coalition for Women Empowerment facilitates social and economic empowerment of women and girls in India by backing initiatives addressing gender-based violence, grassroots leadership, legal justice, rights and entitlements, and employment and entrepreneurship assistance.
Official website here: www.afefus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The American Friends of Edelgive Foundation has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score is based entirely on the accountability and finance beacon, showcasing the organization's commitment to transparency and responsible financial management.
Strengths of the foundation include a perfect score in several key areas: financial statements oversight, absence of material asset diversion, and a well-documented conflict of interest policy. Additionally, the organization maintains a healthy liabilities to assets ratio and a strong working capital ratio, both of which reflect good financial health.
However, the program expense ratio is 65.26%, which falls slightly short of expectations. This figure suggests that while the organization is effective in financial management, there may be room for improvement in directing more funds toward its programs. Overall, the foundation has demonstrated a commitment to accountability, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Edelgive Foundation legitimate?
American Friends Of Edelgive Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Edelgive 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
For more financial information, click here
Official website here: www.afefus.org
What is the mission statement of American Friends Of Edelgive Foundation?
The American Friends of Edelgive Foundation's mission is centered around grant-making to qualified charitable organizations. Specifically, they aim to provide financial support to these organizations. In response to the COVID-19 pandemic, the foundation has been instrumental in garnering and deploying relief funds for the less privileged in India. Additionally, they have initiated the Grassroots Resilience Ownership and Wellness (GROW) fund, which aims to support and sustain 100 small and mid-sized organizations across India over the next 24 months. The foundation also focuses on women's empowerment through their Coalition for Women Empowerment, which facilitates social and economic empowerment of women and girls in India by supporting initiatives that address gender-based violence, enable grassroots leadership, provide access to legal justice, rights, and entitlements, and offer employment and entrepreneurship assistance.
Official website here: www.afefus.org
Who is the CEO of American Friends Of Edelgive Foundation?
Ranganathan Purushothaman is the President of American Friends Of Edelgive Foundation.
Official website here: www.afefus.org
What is the revenue of American Friends Of Edelgive Foundation?
American Friends Of Edelgive Foundation's revenue in 2022 was $4,926,895.
Official website here: www.afefus.org
Who are the executives of American Friends Of Edelgive Foundation and what are their salaries?
There 1 volunteer at American Friends Of Edelgive Foundation.
Here are 7 key members and their salaries:
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Official website here: www.afefus.org
Where can I find the form 990 for American Friends Of Edelgive Foundation?
American Friends Of Edelgive Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.afefus.org
Learn more at the official website: www.afefus.org
Mission Statement of American Friends Of Edelgive Foundation
The American Friends of Edelgive Foundation is an organization that focuses on grant-making to qualified charitable organizations. Its mission is multifaceted, aiming to provide financial support to various initiatives. During the COVID-19 pandemic, the foundation played a significant role in providing direct relief to the less privileged in India. Beyond this, the foundation has established the Grassroots Resilience Ownership and Wellness (GROW) Fund. This fund aims to assist and strengthen 100 small and medium-sized organizations across India over a period of 24 months.
Furthermore, the Coalition for Women Empowerment is another initiative by the American Friends of Edelgive Foundation. This initiative strives to empower women and girls in India by backing projects that tackle gender-based violence, promote grassroots leadership, ensure access to legal justice, rights, and entitlements, and offer assistance in employment and entrepreneurship. By supporting these initiatives, the American Friends of Edelgive Foundation is making a significant contribution to the social and economic empowerment of women in India.
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Impact
July, 2024
American Friends of EdelGive Foundation's impact is significant and far-reaching. Through initiatives like COVID relief efforts, grassroots resilience programs, and support for women's empowerment, the foundation is making a tangible difference in the lives of those in need in India. By deploying resources to address urgent challenges such as the pandemic, building capacity for small and mid-sized organizations, and empowering women and girls through various initiatives, American Friends of EdelGive Foundation is actively contributing to positive social change and enhancing civil rights in the region.
This information is meant to be a general summary of American Friends Of Edelgive 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: $5,087
- Gross Receipts: $4,926,895
Assets and Liabilities:
- Total Assets: $5,686,253
- Total Liabilities: $1,773,535
- Net Assets: $3,912,718
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Organization Details
Founding Year
2020
Phone
(845) 367-2436Principal Officer
Ranganathan Purushothaman
Main Address
C/O NUVAMA 12 E 49TH ST, NEW YORK, NY, 10017
Website
www.afefus.orgNTEE Category
Code: R12 - Civil rights
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