Neosho Area Business & Industrial Foundation Inc

Charity Navigator Rating: 0%

The Neosho Area Business & Industrial Foundation Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding accountability and financial practices. The organization scored only 27% overall, reflecting a lack of transparency and critical governance policies. While the board consists entirely of independent members, the absence of essential financial statements and policies raises red flags about its operational integrity.

Strengths noted include a fully independent board, which can provide unbiased oversight. However, the foundation's failure to provide financial documentation and the lack of a conflict of interest policy are major drawbacks. These issues suggest that the organization may not be adequately safeguarding its assets or operating in a transparent manner, which is vital for building trust with stakeholders and donors.

The program expense ratio is particularly concerning at just 0.13%, indicating a minimal amount of funds are being allocated towards the organization's mission-related activities. Overall, the foundation's performance in financial accountability and transparency is lacking, warranting caution for potential donors and stakeholders considering engagement with the organization.

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

Neosho Area Business & Industrial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neosho Area Business & Industrial Foundation 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: $61,464
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,339

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