New Vitae Wellness Foundation

Charity Navigator Rating: Needs Improvement

New Vitae Wellness Foundation has received a two-star rating from Charity Navigator, indicating that the organization has some areas requiring enhancement. The overall score of 71% reflects strong accountability and finance practices, particularly in audit oversight and asset management. However, significant concerns arise from the lack of independent board members and inadequate disclosure practices on their website, impacting their governance score.

The organization demonstrates financial responsibility with a favorable liabilities to assets ratio and a robust program expense ratio, suggesting that funds are directed towards its mission. However, the absence of an independent board and weaknesses in policy documentation, such as the whistleblower and conflict of interest policies, highlight areas where the foundation can improve its governance and transparency.

Overall, while New Vitae Wellness Foundation has strengths in financial oversight, the deficiencies in board independence and critical governance policies suggest a need for improvement in operational practices. Engaging more independent board members and enhancing transparency through better online disclosures could significantly strengthen the organization's standing and public trust.

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

New Vitae Wellness Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Vitae Wellness Foundation 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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