Panera Bread Foundation Inc

Charity Navigator Rating: Needs Improvement (67%)

The Panera Bread Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its governance and accountability practices. The organization excels in financial accountability, achieving a perfect score in that category, which reflects sound financial management and responsible use of resources. However, the foundation lacks independent board members and has several missing policies and documents that are essential for transparency and governance.

Significantly, the foundation has a program expense ratio of 96.60%, illustrating its strong commitment to channeling funds directly into programs. This high ratio indicates that the majority of its expenses are directed toward its mission rather than administrative costs. However, the absence of independent board members raises concerns regarding oversight and decision-making processes.

Moreover, there are notable gaps in the foundation's compliance with best practices, as it lacks essential policies, such as conflict of interest and whistleblower policies, and does not provide its tax form on its website. These shortcomings suggest that while the Panera Bread Foundation is financially sound, it must improve its operational policies to enhance accountability and transparency.

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

Panera Bread Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Panera Bread 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,737

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