Santa Monica United Football Club Inc

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

Santa Monica United Football Club Inc has received a low rating, reflecting concerns in its accountability and finance practices. While the organization has a fully independent board and a strong program expense ratio, it lacks essential financial statements, which has significantly impacted its overall score. The absence of key governance policies, such as a conflict of interest policy and whistleblower policy, further raises red flags regarding transparency and operational integrity.

On a positive note, the club demonstrates effective management of its program expenses, allocating an impressive 97.62% to its programs. Additionally, there is no reported diversion of assets, indicating that funds are presumably used for their intended purpose. The board maintains detailed meeting minutes, which is a good sign of some level of accountability.

However, the high liabilities to assets ratio at 78.41% suggests potential financial vulnerabilities that could affect the club's sustainability. Overall, while there are commendable aspects to the organization, the significant gaps in financial reporting and governance policies detract from its reliability and trustworthiness as a nonprofit entity.

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

Santa Monica United Football Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica United Football Club 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: $30,040
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.santamonicaunited.com