Beta Sigma Phi Charitable Foundation

Charity Navigator Rating: 74%, earning it a Two-Star out of Four Star rating. This rating indicates that the Beta Sigma Phi Charitable Foundation has some strengths but also significant weaknesses in its operations and governance.

One notable strength is the high program expense ratio of 91.08%, suggesting that a large portion of its funds is directed toward its charitable programs. The organization also has solid policies in place, including a conflict of interest policy, whistleblower policy, and documentation for board meeting minutes, all of which have received full marks. However, the foundation scores poorly on accountability measures, as it has no independent board members, which raises concerns about governance and oversight.

Additionally, the foundation's website is not listed on its tax form, and it has failed to post its tax documents online, which affects transparency. Despite having no material diversion of assets and maintaining a favorable liabilities to assets ratio of 0.00%, the lack of independent board members and missing documentation hinder its overall accountability and financial health.

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

Beta Sigma Phi Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beta Sigma Phi 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

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