Conservatory Lab Foundation Inc

Charity Navigator Rating: Needs Improvement

The Conservatory Lab Foundation Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement. With an overall score of 69%, the organization demonstrates strengths in board independence and financial oversight, achieving maximum points in areas such as board member independence and the presence of an audit and oversight committee. Additionally, the organization shows a strong commitment to program expenses, with an impressive program expense ratio of 88.32%.

However, several significant limitations are noted that contribute to the low overall rating. The organization lacks key policies, including a conflict of interest policy, a whistleblower policy, and guidelines for document retention and destruction. Moreover, the charity does not post its tax forms on its website, which can hinder transparency.

Additionally, the foundation has a concerning liabilities to assets ratio of 91.47%, indicating potential financial stability issues. While the foundation operates with clear program expenses, the lack of essential governance policies and high liabilities may raise concerns for potential donors regarding the organization's overall management and transparency.

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

Conservatory Lab Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Conservatory Lab Foundation Inc 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: $224,744

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Official website here: www.conservatorylabfoundation.org