Friends Of Fenway Studios Inc

Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)

Friends Of Fenway Studios Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement. The overall score stands at 66%, reflecting strengths in areas such as having a fully independent board and a high program expense ratio, which suggests that the majority of funds are directed towards its mission. The organization also demonstrates good practices in documenting board meeting minutes and ensuring there is no material diversion of assets.

However, several weaknesses have been noted, particularly in accountability and transparency. The nonprofit has not provided its tax form on its website, and it lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These deficiencies have impacted its liability to assets ratio, which, although not critically low, indicates some financial concern that could be improved.

Overall, while Friends Of Fenway Studios Inc shows commitment to its purpose with a solid program expense ratio, the absence of key governance policies and transparency measures may hinder donor confidence and could benefit from immediate attention to enhance its operational standards.

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

Friends Of Fenway Studios Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Fenway Studios 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: $0

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