Mccloskey Family Foundation Inc C/O Catherine Mccloskey

Charity Navigator Rating: One-Star out of Four Stars (50%)

The McCloskey Family Foundation Inc has received a low rating of 50%, indicating significant concerns regarding its accountability and financial practices. The foundation scores particularly poorly on governance metrics, as it has 0% independent board members and lacks critical policies, including a conflict of interest policy and a whistleblower policy. The absence of a website listed on the tax form also raises further transparency issues.

Despite its governance weaknesses, the foundation demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 97.77%. This suggests that a substantial majority of its expenses are dedicated to its charitable programs, which is a positive aspect of its operations. Furthermore, the foundation has reported no material diversion of assets, indicating a level of financial integrity.

However, the lack of transparency and independent oversight represents notable limitations that could affect donor trust and engagement. Improvements in governance practices and fulfillment of transparency requirements would be essential for enhancing the foundation's reputation and operational effectiveness.

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

Mccloskey Family Foundation Inc C/O Catherine Mccloskey is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mccloskey Family Foundation Inc C/O Catherine Mccloskey 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

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