Fiat Foundation Inc

Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.

Fiat Foundation Inc has received a poor rating that highlights significant concerns in its accountability and financial practices. While the organization has achieved full marks for its independent board members and the absence of material diversion of assets, it falls short in several critical areas, including compliance with conflict of interest and whistleblower policies. The overall score is heavily influenced by its lack of program expenses, indicating a potential issue in operational effectiveness.

The absence of essential governance policies, such as those for conflict of interest and whistleblower protections, raises red flags about its commitment to transparency and ethical standards. Additionally, the foundation's low liabilities to assets ratio suggests potential financial instability, which may further complicate its ability to fulfill its mission effectively.

Overall, the substantial shortcomings in governance practices and financial metrics underscore the need for Fiat Foundation Inc to enhance its accountability measures and operational transparency. Stakeholders and potential donors should consider these factors carefully when evaluating the foundation's reliability and effectiveness in achieving its objectives.

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

Fiat Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fiat Foundation 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.fiat.org