Ennio Cerquetti Memorial Development Corporation

Charity Navigator Rating: 94% (Four-Star out of Four Star rating)

The Ennio Cerquetti Memorial Development Corporation has achieved a remarkable score of 94%, earning a Four-Star rating from Charity Navigator. This high rating reflects the organization’s strong performance in accountability and finance, indicating effective management and transparency in its operations. The evaluation is based entirely on financial metrics, showcasing the nonprofit's commitment to responsible fiscal practices.

One of the standout strengths of the organization is its governance structure, with a fully independent board consisting of three members. Additionally, the charity has demonstrated adherence to best practices, such as maintaining a conflict of interest policy, a whistleblower policy, and proper documentation of board meeting minutes. The organization also reports no material diversion of assets, reinforcing its integrity.

However, while the financial metrics are strong, the focus on a single beacon score means that this rating does not capture other aspects of the organization’s performance such as program impact or community engagement. Nevertheless, the high program expense ratio of 71.42% indicates that the majority of resources are directed toward its mission-related activities.

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

Ennio Cerquetti Memorial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ennio Cerquetti Memorial Development Corporation 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: $18,078

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