Real Estate One Charitable Foundation

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 73%)

The Real Estate One Charitable Foundation has received a "Needs Improvement" rating from Charity Navigator, indicating concerns regarding its governance and accountability practices. Despite achieving a solid Program Expense Ratio of 94.03%, which reflects a strong commitment to its charitable mission, the absence of independent board members raises questions about the organization's oversight and decision-making processes.

Strengths noted in the evaluation include the organization's strong financial management, as evidenced by its perfect score in several areas such as financial statements and liabilities to assets ratio. Additionally, the foundation has implemented policies for conflict of interest and maintains minutes from board meetings, which are positive indicators of transparency.

However, significant issues were identified, such as the lack of a whistleblower policy and document retention policy, as well as missing financial documents on its website. These shortcomings contribute to its low accountability score and highlight areas where the foundation could improve governance practices to enhance overall trust and effectiveness.

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

Real Estate One Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Real Estate One Charitable Foundation 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: $0

For more financial information, click here

Official website here: www.reocharitablefoundation.com