Waterfront Academy Inc

Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.

Waterfront Academy Inc has received a mixed evaluation, reflected in its 68% rating. While the organization scores well in areas such as having an independent board and maintaining a conflict of interest policy, it shows significant weaknesses in transparency and documentation practices. The absence of a whistleblower policy and inadequate document retention protocols are noteworthy concerns, which could affect its overall governance.

On a positive note, the academy demonstrates effective program expense management, as indicated by a perfect score in that area. Moreover, the organization has a high score for its financial accountability, with no evidence of material diversion of assets. However, the liabilities to assets ratio raises concerns about financial stability, and the lack of readily accessible tax documents on its website could hinder public trust.

In summary, while Waterfront Academy Inc has strengths in governance and program expenses, its overall Two-Star rating highlights areas for improvement, particularly in transparency and financial health. Stakeholders might want to closely monitor these aspects when considering support for the organization.

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

Waterfront Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterfront Academy 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: $58,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $313,367

For more financial information, click here

Official website here: www.waterfrontacademy.org