Henrik Lundqvist Foundation Inc

Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating. The rating reflects the organization's overall performance, particularly in terms of accountability and finance. While the Henrik Lundqvist Foundation demonstrates strengths in governance with a fully independent board and no material diversion of assets, it has notable areas of concern that impact its overall evaluation.

The foundation has a high program expense ratio of 86.10%, indicating a strong commitment to its mission and programming efforts. However, the absence of key policies such as a whistleblower policy and document retention and destruction policy raises questions about transparency and organizational practices. Additionally, the lack of documented board meeting minutes may hinder accountability measures.

In summary, while the Henrik Lundqvist Foundation has a solid governance structure and focuses a significant portion of its resources on programs, improvements in its policy framework and documentation practices are necessary to enhance its accountability and overall effectiveness.

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

Henrik Lundqvist Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henrik Lundqvist 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: $50,435
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.hlundqvistfoundation.com