Overview
What is Finlandia Foundation National Inc?
Finlandia Foundation National Inc, based in Pasadena, California, is a nonprofit organization dedicated to supporting and promoting Finnish cultural and educational activities. With a team of just two dedicated individuals, they strive to preserve and cultivate Finnish culture within the United States. Their mission involves collaborating with approximately 20 other organizations to achieve this goal, providing financial contributions and resources to foster a rich and vibrant Finnish community.
Official website here: www.finlandiafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 65%)
Finlandia Foundation National Inc has received a two-star rating from Charity Navigator, indicating that the organization has notable areas for improvement. With an overall score of 65%, the foundation exhibits strengths in governance, such as having a fully independent board and a low liabilities to assets ratio, which reflects a stable financial position. However, the lack of publicly available financial statements and missing policies—specifically for whistleblower protections and document retention—contributes significantly to its lower rating.
The organization has demonstrated a commitment to transparency in some areas, having documented board meeting minutes and listed their website on their tax form. However, the absence of essential financial disclosures and policies raises concerns about accountability and overall operational effectiveness. The program expense ratio is relatively strong at 63.46%, indicating that a good portion of the funds is directed toward programmatic activities, yet the lack of clarity in financial reporting remains an issue.
Overall, while Finlandia Foundation National Inc has solid governance structures in place, the significant gaps in financial transparency and policy implementation necessitate attention. These areas of concern may hinder potential donors from fully supporting the organization's mission without clearer insights into its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Finlandia Foundation National Inc legitimate?
Finlandia Foundation National Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Finlandia Foundation National 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $74,354
For more financial information, click here
Official website here: www.finlandiafoundation.org
What is the mission statement of Finlandia Foundation National Inc?
Finlandia Foundation National Inc's mission is centered around supporting, preserving, and fostering Finnish culture in the United States. In pursuit of this objective, the organization actively contributes to various organizations that promote Finnish cultural and educational activities. As of now, they are assisting around 20 such organizations.
Official website here: www.finlandiafoundation.org
Who is the CEO of Finlandia Foundation National Inc?
Dirk Schulbach is the Trustee of Finlandia Foundation National Inc.
Official website here: www.finlandiafoundation.org
What is the revenue of Finlandia Foundation National Inc?
Finlandia Foundation National Inc's revenue in 2022 was $554,829.
Official website here: www.finlandiafoundation.org
Who are the executives of Finlandia Foundation National Inc and what are their salaries?
The average compensation at Finlandia Foundation National Inc during 2022 was $37,177. There are 2 employees at Finlandia Foundation National Inc.
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Official website here: www.finlandiafoundation.org
Where can I find the form 990 for Finlandia Foundation National Inc?
Finlandia Foundation National Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.finlandiafoundation.org
Learn more at the official website: www.finlandiafoundation.org
Mission Statement of Finlandia Foundation National Inc
Finlandia Foundation National Inc is committed to supporting, preserving, and cultivating Finnish culture within the United States. This mission drives the organization's activities, aiming to promote and foster Finnish cultural and educational endeavors. In pursuit of this goal, Finlandia Foundation National Inc extends its support to various organizations that share its vision, contributing to a total of 20 such organizations. By donating to these organizations, the foundation plays a crucial role in nurturing and sustaining Finnish culture in the U.S.
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Impact
July, 2024
Finlandia Foundation National Inc supports, preserves, and cultivates Finnish culture in the United States through donations to other organizations promoting Finnish cultural and educational activities. It has served 20 organizations dedicated to advancing Finnish heritage and arts. The foundation's impact lies in fostering a deeper appreciation and understanding of Finnish culture within the American community, enriching cultural diversity and exchange.
This information is meant to be a general summary of Finlandia Foundation National 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.
- Investment Income: $124,629
- Gross Receipts: $1,110,803
Assets and Liabilities:
- Total Assets: $3,722,738
- Total Liabilities: $975
- Net Assets: $3,721,763
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Organization Details
Founding Year
1954
Principal Officer
Dirk Schulbach
Main Address
254 N LAKE AVE - STE 852, PASADENA, CA, 91101
Website
www.finlandiafoundation.orgNTEE Category
Code: A23 - Arts
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