Friends Of Montclair Rowing Inc

Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)

Friends Of Montclair Rowing Inc has achieved a strong score in various areas of accountability and finance, notably earning a perfect score in categories such as independent board members and program expense ratio. This indicates a commitment to transparency and effective financial management. However, despite these strengths, the organization has received a low overall score due to the absence of important financial documentation and policies, which are essential for ensuring transparency and operational integrity.

The organization scores particularly well in terms of its liabilities to assets ratio, demonstrating a solid financial foundation. However, the lack of accessible financial statements, a conflict of interest policy, and other governance documents raises concerns about accountability and oversight. This gap in documentation could hinder potential donors' and stakeholders' trust and confidence in the organization’s operations.

Overall, while Friends Of Montclair Rowing Inc shows promise in financial management, the significant documentation shortcomings need to be addressed to improve their standing and reputation. Enhancing their policies and making financial statements available would likely lead to a more favorable evaluation in the future.

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

Friends Of Montclair Rowing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Montclair Rowing 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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