Fivetwo Network

Charity Navigator Rating: 33%

Fivetwo Network has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial practices and accountability. The low score reflects a lack of financial transparency, as the organization has not provided financial statements, resulting in a score of zero in that category. While the organization has a majority of independent board members and has demonstrated good governance policies in some areas, such as conflict of interest and material diversion of assets, these strengths are overshadowed by the absence of key financial documentation.

The organization does exhibit some positive governance practices, including having a whistleblower policy and documenting board meeting minutes. Additionally, the majority of board members are independent, which is a positive indicator for accountability. However, the overall financial health appears to be a significant area of concern, with low program expense ratios and high liabilities relative to assets.

Overall, the Fivetwo Network faces challenges that may impact its effectiveness and sustainability as a nonprofit. Without improved financial transparency and a commitment to better fiscal management, the charity may struggle to build trust with donors and stakeholders.

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

Fivetwo Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fivetwo Network 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: $63,132
Professional Fundraising Fees: $0
Other Salaries and Wages: $146,971

For more financial information, click here

Official website here: www.fivetwo.com