Friends Of The Peapack-Gladstone Library Inc

Charity Navigator Rating: 16%, Zero-Star out of Four Star rating

Friends Of The Peapack-Gladstone Library Inc has received a low rating of 16% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which is a critical factor in ensuring governance and oversight. The absence of essential policies such as conflict of interest, whistleblower, and document retention further raises questions about its operational integrity.

Despite a commendable score for the absence of material diversion of assets, the overall financial health of the charity is concerning. The liabilities to assets ratio stands at 0.17%, which reflects potential issues in financial management. Additionally, a mere 19.05% of the expenditures are allocated to program expenses, suggesting that a large portion of funds may not be directed towards fulfilling its mission.

The listed website on the tax form is a positive aspect, yet the failure to post the Tax Form on its own website diminishes transparency. Overall, while the organization may contribute positively to its community, the financial and governance shortcomings highlighted by Charity Navigator warrant caution for potential donors.

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

Friends Of The Peapack-Gladstone Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Peapack-Gladstone Library 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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Official website here: www.pglfriends.org