Smith Memorial Foundation

Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)

The Smith Memorial Foundation has received a low score of 33% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization features a fully independent board, which is a positive aspect, scoring full points in that area. However, the lack of essential policies, such as a conflict of interest policy and a whistleblower policy, significantly detracts from its accountability.

Additionally, the foundation's financial transparency is limited, as it has not provided its website on its tax form and has failed to post necessary documents, such as its tax form, on its website. The foundation has a zero ratio for both liabilities to assets and program expenses, which raises questions about its operational practices and effectiveness in utilizing funds for its intended programs.

Overall, while the Smith Memorial Foundation demonstrates some strengths in governance through its independent board composition, the absence of critical policies and financial transparency limitations pose serious challenges to its credibility and effectiveness as a nonprofit organization.

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

Smith Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smith Memorial Foundation 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

For more financial information, click here