Naomi H Truman Scholarship Foundation

Charity Navigator Rating: 73%

The Naomi H Truman Scholarship Foundation has received a two-star rating, indicating that it meets basic accountability and transparency standards but has room for improvement. The foundation demonstrates strong financial accountability, with a program expense ratio of 85.15%, signifying that the majority of its funds are directed towards its mission-driven programs. Additionally, it boasts a fully independent board, which reflects positively on its governance structure.

However, the foundation's rating is affected by several missing policies and information on its website, including a conflict of interest policy, a whistleblower policy, and a document retention policy. These omissions are critical for ensuring transparency and fostering trust with donors and stakeholders. Moreover, the absence of a website listed on its tax form detracts from its accessibility and could hinder potential supporters from obtaining further information.

Despite these limitations, the foundation's strong commitment to its programs and accountability in financial management are commendable. Addressing the gaps in governance policies and enhancing its online presence could significantly improve its rating and overall effectiveness in serving its mission.

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

Naomi H Truman Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naomi H Truman Scholarship 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here