Stein Mart Family Support Foundation Inc

Charity Navigator Rating: 53%, One-Star out of Four Star rating.

The Stein Mart Family Support Foundation Inc has received a low rating of 53%, primarily due to significant shortcomings in its accountability and finance practices. The organization lacks independent board members, which raises concerns about governance and oversight. Additionally, several critical policies, such as conflict of interest and whistleblower policies, are missing, indicating potential vulnerabilities in its operational integrity.

Despite these issues, the foundation demonstrates a positive aspect with a high program expense ratio of 95.41%, suggesting that the majority of its funds are allocated directly to its programs. However, the absence of essential transparency measures, like a publicly accessible website and posted tax forms, detracts from its financial accountability. The organization has not diverted any assets, which is a commendable point in its financial management.

Overall, while the foundation allocates most of its resources effectively towards its mission, the lack of independent oversight and basic governance policies limits its overall effectiveness and trustworthiness according to Charity Navigator standards.

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

Stein Mart Family Support Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stein Mart Family Support 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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