Academic Board Of Trustees Of Franklin Academy

Charity Navigator Rating: Needs Improvement

The Academic Board Of Trustees Of Franklin Academy received a Two-Star out of Four Star rating from Charity Navigator, indicating a 70% overall score. This score reflects some strengths in organizational governance, particularly noting that all board members are independent, which is an essential aspect of accountability. Additionally, the organization has no record of material asset diversion and maintains a healthy liabilities to assets ratio.

However, significant weaknesses were identified, particularly in the area of transparency and policy implementation. The organization lacks key policies including a conflict of interest policy, whistleblower policy, and document retention protocols. Furthermore, important documents like the tax form are not posted on their website, which detracts from their accountability practices and may raise concerns among potential donors and stakeholders.

While the organization's program expense ratio is commendable at 67.39%, indicating a strong focus on programmatic spending, the absence of critical governance documents and policies presents notable limitations. These gaps suggest a need for improvement in transparency and operational policies to enhance overall organizational effectiveness and public trust.

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

Academic Board Of Trustees Of Franklin Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academic Board Of Trustees Of Franklin Academy 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