Glocalnet Inc

Charity Navigator Rating: 53%, One-Star out of Four Star rating. Glocalnet Inc has received a low rating primarily due to significant weaknesses in its accountability and financial practices. While the organization boasts a fully independent board and has no material diversion of assets, it falls short in areas such as conflict of interest and whistleblower policies, which are critical for maintaining transparency and trust.

The accountability and finance score of 48 indicates that while some foundational governance structures are in place, there are serious deficiencies that can impact the organization's credibility. The program expense ratio is particularly concerning, as it indicates that only a small percentage of funds are being directed towards programs compared to administrative expenses, raising questions about the overall effectiveness of the nonprofit's initiatives.

Despite these challenges, Glocalnet Inc demonstrates strong leadership and strategic planning, with top scores in leadership and adaptability. This suggests that the organization has the potential to improve and effectively respond to changing circumstances. However, the weaknesses in governance practices must be addressed to enhance overall sustainability and effectiveness in serving its mission.

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

Glocalnet Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glocalnet 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: $349,504
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,000

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Official website here: www.glocal.net