Toms River Student Loan Fund

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

The Toms River Student Loan Fund has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. The overall score of 50% is primarily influenced by the charity's lack of independent board members and failure to implement essential governance policies, which are critical for maintaining transparency and accountability in nonprofit operations.

Among the noted strengths, the organization maintains a high program expense ratio of 96.17%, suggesting that a substantial portion of its funds is directed towards its programs rather than administrative costs. However, this strength is overshadowed by several governance deficiencies, including the absence of a conflict of interest policy, whistleblower policy, and documentation of board meeting minutes, all of which contribute to the low accountability score.

Overall, while the Toms River Student Loan Fund appears to be efficient in program spending, the lack of governance measures raises red flags about its operational integrity. Prospective donors and stakeholders are encouraged to consider these factors before engaging with the organization.

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

Toms River Student Loan Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toms River Student Loan 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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