Minnesota Knights Of Columbus Student Loan Fund Inc

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

The Minnesota Knights Of Columbus Student Loan Fund Inc has received a rating indicating that it needs improvement, with an overall score of 73%. The organization demonstrates strong governance characteristics, such as an entirely independent board and a solid liabilities-to-assets ratio, which reflect sound financial practices. Additionally, a high program expense ratio suggests that a significant portion of its resources is directed toward its mission.

However, several weaknesses are noted in the accountability and transparency domain. The organization lacks key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for ensuring ethical operations and protecting stakeholders. Furthermore, the absence of a posted tax form on its website raises concerns about transparency for potential donors and the public.

Overall, while the Minnesota Knights Of Columbus Student Loan Fund Inc shows strengths in governance and financial management, the missing policies and public documentation indicate areas that need urgent attention for improvement in accountability and transparency.

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

Minnesota Knights Of Columbus Student Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Knights Of Columbus Student Loan Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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