Father Murphy Scholarship Fund Fms Fund

Charity Navigator Rating: 50%, One-Star out of Four Stars

The Father Murphy Scholarship Fund has received a low rating of 50% from Charity Navigator, indicating significant concerns in its governance and financial practices. The organization scores poorly in areas related to board independence, with no independent members on its board, which raises questions about its oversight and accountability. Additionally, essential policies such as conflict of interest, whistleblower protection, and document retention are missing, further highlighting governance weaknesses.

On a positive note, the organization maintains a strong program expense ratio of 74.25%, suggesting that a substantial portion of its resources is directed toward its charitable activities. Furthermore, it has no material diversion of assets, indicating a commitment to maintaining its financial integrity. The liabilities to assets ratio is also favorable at 0.00%, reflecting a solid financial standing regarding debts.

However, the absence of a website listed on its tax forms and the lack of transparency in document management, such as missing board meeting minutes, detracts from the overall evaluation. These limitations suggest that while the fund is actively engaged in its mission, there are significant areas for improvement in governance and transparency.

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

Father Murphy Scholarship Fund Fms Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Father Murphy Scholarship Fund Fms Fund 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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