Forgotten Founders Inc

Charity Navigator Rating: 53%, One-Star out of Four Star Rating

Forgotten Founders Inc has received a One-Star rating from Charity Navigator, primarily due to its low score in Accountability & Finance, which stands at 53%. This rating reflects concerns about the organization's governance practices, particularly the lack of independent board members and missing essential policies, including conflict of interest and whistleblower policies. The absence of a website listed on their tax form and missing documentation related to transparency further contributes to their low score.

On a positive note, the charity does have a strong program expense ratio of 94.35%, indicating that a significant portion of its resources is directed towards fulfilling its mission. Additionally, there is no reported diversion of assets, which is a positive sign of financial integrity. The organization is also diligent in maintaining board meeting minutes, which reflects some level of governance.

However, the organization's overall lack of transparency and governance practices raises concerns about its accountability to donors and stakeholders. For potential supporters, these issues highlight the need for careful consideration before contributing to Forgotten Founders Inc.

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

Forgotten Founders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forgotten Founders 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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