Beatrice M Schmitz Endowed Memorial Trust

Charity Navigator Rating: 71%, Two-Star out of Four Star rating.

The Beatrice M Schmitz Endowed Memorial Trust has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial management. This score is impacted by a lack of independent board members, which raises concerns about governance and oversight. Although the organization demonstrates a solid program expense ratio of 74.89%, suggesting that a significant portion of its funds is directed toward its programs, the absence of independent board members detracts from its overall accountability score.

Additionally, the trust has implemented several important policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy, all of which were listed and scored positively. However, the charity has some shortcomings, including missing a website listed on its tax form and failing to post its tax form and board meeting minutes on its website. These omissions contribute to a lower accountability score.

Overall, while the Beatrice M Schmitz Endowed Memorial Trust shows promise in its programmatic efforts, its governance structure and transparency practices require improvement to bolster its credibility and effectiveness.

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

Beatrice M Schmitz Endowed Memorial Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beatrice M Schmitz Endowed Memorial Trust 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: $766
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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