Ashtabula Arts Center

Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The Ashtabula Arts Center has demonstrated a strong commitment to accountability and finance, with a notable score of 73 in this area. The organization benefits from a fully independent board of 15 members, which enhances its governance. The absence of material diversion of assets is a positive indicator of integrity.

However, the Center faces significant weaknesses in its financial oversight policies, as it lacks essential documents such as a whistleblower policy and a document retention policy. Additionally, it has not posted its tax forms on its website, which is a recommended practice for transparency. The organization does maintain a healthy liabilities to assets ratio and a strong program expense ratio, suggesting that a majority of its funds are directed toward programs rather than administrative costs.

Overall, while the Ashtabula Arts Center shows solid governance with a fully independent board and a commendable program expense ratio, the lack of certain financial policies and transparency measures indicate areas that require improvement. This rating reflects a need for the organization to enhance its accountability practices to achieve a higher standing in the future.

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

Ashtabula Arts Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ashtabula Arts Center 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: $271,990

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Official website here: www.ashtabulaartscenter.org