Bayview Yacht Club Foundation

Charity Navigator Rating: 33%

The Bayview Yacht Club Foundation has received a low score of 33%, corresponding to a Zero-Star out of Four Star rating. This score highlights serious concerns regarding the organization's accountability and financial management. While the foundation has maintained a fully independent board with a good structure, its lack of transparency and missing key policies have adversely affected its overall rating.

Strengths of the foundation include a complete independent board and no material diversion of assets, demonstrating a level of governance that is generally commendable. However, significant weaknesses are evident in the areas of transparency, with several critical documents and policies absent. The foundation's website does not contain important information such as tax forms and policies on conflicts of interest and whistleblowing, which are essential for accountability.

Financially, the organization faces challenges, with a very low program expense ratio of 17.67%, indicating that only a small portion of its funds are allocated to programs. Additionally, there are concerns about the liabilities-to-assets ratio, which sits at 0.00%, suggesting a lack of financial stability. Overall, stakeholders may want to approach this foundation with caution due to its significant transparency and financial management issues.

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

Bayview Yacht Club Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayview Yacht Club 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

For more financial information, click here