Biberaj Foundation Inc

The information for Biberaj Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in New York, NY. It has been in existence for 3 years, following its founding in 2018.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Biberaj Foundation Inc's NTEE code is B82. The "B" tells us that the organization is classified along with Education. The "82" tells us that the organization is focused on Scholarships & Student Financial Aid. The NTEE describes this classification as organizations that enable students who demonstrate financial need to obtain the financial assistance they require to meet their educational and living expenses while in school.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Biberaj Foundation Inc is to provide educational opportunities for qualified students of Albanian descent, living in the Balkans, to receive scholarship assistance for study in undergraduate and graduate programs leading to a degree at colleges and universities in the United States.

Program Areas

The organization's general fund includes providing financial scholarships for qualified and enrolled students' tuition at the American Councils for International Education in Washington, D.C. This program area specifically focuses on supporting students' education through funding their tuition expenses.

Board Governance

The Biberaj Foundation Inc appears to be reasonably well-governed based on the information provided. With a small board of 5 voting members, the organization has a significant number of independent members, with 4 out of the 5 members being independent. This suggests a commitment to diverse perspectives and minimizing potential conflicts of interest within the board. The fact that potential conflicts of interest do not exist within the organization further strengthens the perception of good governance. This indicates that the board members are able to make decisions without any personal biases or self-interests that could compromise the organization's mission and objectives. The documentation of board meetings and committee meetings is another positive indicator of good governance. By documenting these meetings, the organization ensures transparency and accountability, allowing for a clear record of decisions made and actions taken. However, there are a few areas where the Biberaj Foundation Inc could improve its governance practices. The organization does not have a conflict of interest policy, which could be beneficial in providing guidelines for board members in managing potential conflicts. Additionally, the absence of a written whistleblower policy and document retention policy may leave the organization vulnerable to potential misconduct or legal issues. Overall, while the Biberaj Foundation Inc demonstrates some strong governance practices, there is room for improvement in certain areas to further enhance its governance structure and ensure the organization operates in the best interest of its mission.

Grant History

Our dataset contains one year of grant history for the Biberaj Foundation Inc. In this year, they have awarded two grants, with an average check size of $266,267. Both grants were awarded in the Education sector. Additionally, the organization has awarded one grant in the District of Columbia and one grant in Connecticut.

Organization Growth

The Biberaj Foundation Inc has experienced mixed growth over the given time period. Contributions and grants received decreased from $607.7K in 2018 to $63.0K in 2021, indicating a decline in financial support. However, investment income increased from $2.0K in 2018 to $31.0K in 2021, suggesting some growth in their investment activities. Total revenue decreased from $609.7K in 2018 to $94.0K in 2021, indicating a decline in overall income. On the other hand, grants paid increased from $29.5K in 2018 to $532.5K in 2021, indicating an increase in their support to other organizations. Total expenses also increased from $29.5K in 2018 to $535.0K in 2021, suggesting an overall increase in their operational costs. However, the data regarding total volunteers is not meaningful over this time period. Overall, while some aspects of the Biberaj Foundation Inc have shown growth, others have experienced decline, making it difficult to determine the organization's overall growth.