Lansing Old Newsboys Assoc

Charity Navigator Rating: 76%, Three-Star out of Four Star rating

The Lansing Old Newsboys Association has received a score of 76%, indicating a solid performance in accountability and finance, as evidenced by its perfect score in this area. The organization boasts a fully independent board, which enhances its governance structure, and has maintained no material diversion of assets, reflecting a strong financial integrity. Additionally, a high program expense ratio of 84.28% suggests that the majority of its resources are directed towards its programs.

However, the organization does have some weaknesses that need addressing. Notably, it lacks several key policies, including a conflict of interest policy and a whistleblower policy, both of which are crucial for ensuring transparency and accountability. Furthermore, while the organization has documented board meeting minutes, it does not post its tax form on its website as stated in its Form 990, which can affect public trust.

Overall, while the Lansing Old Newsboys Association shows commendable financial practices and governance, the absence of important policies could undermine its transparency efforts. Addressing these gaps could help improve its rating and enhance stakeholder confidence in its operations.

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

Lansing Old Newsboys Assoc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lansing Old Newsboys Assoc 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: $10,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.lansingoldnewsboys.org