Lake Area Foundation Inc

Charity Navigator Rating: 83%, Three-Star out of Four Star rating.

Lake Area Foundation Inc has earned an 83% score from Charity Navigator, indicating a solid level of accountability and financial health. The organization's perfect score in several categories, including board independence and the absence of asset diversion, reflects strong governance practices. However, the overall score primarily stems from the Accountability & Finance beacon, which emphasizes its fiscal responsibility.

The organization exhibits transparency through its listed website and established conflict of interest policy, which contributes positively to its accountability metrics. However, it has notable gaps, as it lacks a whistleblower policy and a document retention and destruction policy, resulting in a lower score in these areas. Despite these shortcomings, the foundation maintains a commendable liabilities-to-assets ratio and a healthy program expense ratio, showcasing a commitment to effective resource allocation.

Overall, while the Lake Area Foundation Inc demonstrates a commitment to strong financial practices and governance, it is encouraged to address the missing policies to enhance its rating further and improve its operational transparency.

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

Lake Area Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Area 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: $0

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Official website here: www.lakeareafoundation.org