Business Forward Foundation

Charity Navigator Rating: Needs Improvement. Overall score: 63%, earning a Two-Star out of Four Star rating. The rating indicates that the Business Forward Foundation demonstrates some strengths in governance, notably with a fully independent board and a good liabilities to assets ratio, which suggests robust financial health in terms of obligations.

However, the foundation struggles significantly in transparency and accountability, as evidenced by a low score in financial statements and several other key areas. The absence of posted tax forms, meeting minutes, and policies like whistleblower and document retention reflects a need for improved operational practices. This lack of transparency can be a concern for potential donors and stakeholders looking for assurance in the nonprofit's governance.

While the foundation allocates a reasonable percentage of its expenses to program activities, the deficiencies in financial reporting and governance policies warrant attention. Addressing these gaps is essential for enhancing the organization's credibility and ensuring long-term sustainability in serving its mission.

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

Business Forward Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Forward 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: $445,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $131,629

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