5Point Film Festival

Charity Navigator Rating: 0 stars (37%)

The 5Point Film Festival has received a low rating of 37% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a zero-star rating, the organization lacks transparency, as it has failed to provide necessary financial statements and has no independent board members. This raises questions about its governance and oversight.

Despite its apparent mission, the festival's financial management is questionable, as seen in the absence of policies for conflict of interest and whistleblowing, which are critical for nonprofit accountability. Although it has a relatively low liabilities to assets ratio, the lack of documented board meeting minutes and missing tax forms on its website further undermine its credibility.

On a positive note, the festival spends a majority of its budget on program expenses, but without transparency in its financial operations, stakeholders may find it challenging to trust its use of funds. Overall, the significant shortcomings in governance and financial reporting present serious risks for potential donors and supporters.

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

5Point Film Festival is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5Point Film Festival 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: $93,478
Professional Fundraising Fees: $17,250
Other Salaries and Wages: $60,992

For more financial information, click here