Newbridge Fund Inc

Charity Navigator Rating: 76% (Three-Star out of Four Stars)

Newbridge Fund Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in its accountability and finance practices. The organization boasts a high score in several areas, such as having a fully independent board and effectively managing its assets with no material diversions reported. A notable strength is the program expense ratio, which stands at 94.91%, indicating that a significant majority of their expenditures directly support their mission.

However, there are some limitations highlighted in the rating. The organization lacks critical governance policies, including a conflict of interest policy and a whistleblower policy, which are essential for transparency and accountability. Additionally, there is no document retention and destruction policy in place, which could pose challenges in organizational governance.

In summary, while Newbridge Fund Inc demonstrates strong financial management and a commitment to its programs, the absence of specific governance policies may raise concerns about its operational transparency. Prospective donors and supporters may want to consider these factors when assessing the nonprofit's overall effectiveness and governance.

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

Newbridge Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newbridge Fund 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.newbridge.org