Besi Association Inc

Nonprofit profile at a glance

EIN
924025778
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Maspeth, NY, USA
Phone
2129671100
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Reported finances

Revenue
$52,782
Expenses
$49,892
Assets
$14,288
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • SEJDIN XHAFERAJ (PRESIDENT)
  • NEDZAD DZAFEROVIC (VICE PRESIDENT)

People named in this filing

  • SEJDIN XHAFERAJ (PRESIDENT)
  • NEDZAD DZAFEROVIC (VICE PRESIDENT)
  • HALIL HODZIC (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Besi association inc. Mission is to preserve and promote the rich cultural heritage and traditions of our community, fostering a sense of unity and pride among our members. We strive to provide educational, cultural, and social programs that enhance the well-being and cultural awareness of all members, ensuring our heritage is celebrated and passed onto future generations.

What it reported doing in 2024

Albanian language and cultural dance program (fol shqip school): provides weekly classes for children to learn the albanian language, along with traditional dance lessons. The program promotes language proficiency, cultural understanding, and a connection to heritage through both language education and dance, ensuring the preservation of albanian traditions for future generations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 82
  • Sustainability: 46
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.6%; rating input score 95
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 5.5%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 144.2% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 87.9% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 22.5% per year; rating input score 100; 88th percentile among comparable filings

Details

  • Where the money goes: 94.6% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $50K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.