Olmsted Community Center

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 67%)

The Olmsted Community Center holds a two-star rating from Charity Navigator, indicating a need for improvement in various accountability and financial practices. While the organization has a solid program expense ratio of 88.81%, demonstrating a commitment to program services, several critical areas such as the lack of financial statements and missing policies related to conflict of interest and whistleblower protections raise concerns about transparency and governance.

The organization benefits from a largely independent board, with 80% of its members being independent, which is a positive aspect of its governance. However, the absence of essential documents like tax forms on their website and the lack of a conflict of interest policy suggests that the organization could enhance its accountability measures. Furthermore, the absence of documented financial statements limits the ability of stakeholders to assess the organization's financial health comprehensively.

In summary, while Olmsted Community Center shows strengths in program spending and board independence, the significant gaps in financial disclosure and governance policies highlight areas that require urgent attention and improvement. Stakeholders and potential donors may want to consider these factors when evaluating the nonprofit.

This AI summary has been generated from information found on Charity Navigator.

Olmsted Community Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olmsted Community Center 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: $64,260
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,308

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