Schools Of Banking Inc

Charity Navigator Rating: 56% (One-Star out of Four Stars)

Schools Of Banking Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization has a solid governance structure with 88% independent board members and comprehensive policies in place, it struggles with financial ratios that reflect its program expenses and overall fiscal health.

The nonprofit's program expense ratio is notably low at 47.68%, suggesting that less than half of its expenditures go towards its programs. Additionally, the liabilities to assets ratio stands at 13.58%, which raised red flags regarding its financial sustainability. Although the organization has demonstrated good governance practices, these financial indicators point to potential inefficiencies in resource allocation and a lack of transparency.

Moreover, while essential documents such as meeting minutes and conflict of interest policies are well-managed, the failure to post its tax form on its website detracts from its accountability to stakeholders. Overall, Schools Of Banking Inc may need to address these financial shortcomings to improve its standing and effectiveness as a nonprofit organization.

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

Schools Of Banking Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Schools Of Banking 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: $137,799
Professional Fundraising Fees: $0
Other Salaries and Wages: $59,300

For more financial information, click here

Official website here: www.schoolsofbanking.com