Covington-Newberry Historical Soc

Charity Navigator Rating: 33%

The Covington-Newberry Historical Society has received a low score of 33%, resulting in a Zero-Star out of Four Star rating largely based on its accountability and financial practices. The score reflects significant shortcomings in several key areas, including the absence of a conflict of interest policy, whistleblower policy, and document retention policy, which are critical for transparency and good governance.

On the positive side, the organization has demonstrated strengths in its board independence, with 66% of its board members being independent, and has no material diversion of assets. Additionally, the society maintains documentation of board meeting minutes, indicating some level of operational diligence.

However, the organization's financial management appears concerning, with a program expense ratio of only 4.80%, suggesting that a minimal portion of its funds is being utilized for its intended programs. The lack of a website listed on its tax form and missing financial documents further contributes to the overall perception of inadequate accountability.

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

Covington-Newberry Historical Soc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covington-Newberry Historical Soc 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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