International Debutante Ball Foundation Inc

Charity Navigator Rating: 30%

The International Debutante Ball Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The overall score is based solely on the Accountability & Finance beacon, where the charity scored only 30%. This low score suggests that the organization lacks key governance practices and financial reporting measures typically expected from nonprofits.

Specific areas of concern include the absence of independent board members and insufficient financial statement disclosures, both critical for maintaining transparency. The organization did, however, report a material diversion of assets, which was positively scored, but this was overshadowed by major deficiencies in other areas such as conflict of interest policies and proper documentation of board meeting minutes.

While the organization has a good liabilities to assets ratio, which indicates financial stability, its overall low performance in accountability metrics raises red flags for potential donors. Without improvements in governance practices and financial oversight, potential supporters may want to approach this nonprofit with caution.

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

International Debutante Ball Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Debutante Ball 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: $0

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