North Carolina Arts Foundation

Charity Navigator Rating: 83%, Three-Star out of Four Star Rating

The North Carolina Arts Foundation has received an 83% score, which reflects a solid level of accountability and financial health. This rating is derived entirely from the Accountability & Finance category, indicating that the organization is effectively managing its resources and maintaining transparency with its financial practices. The foundation boasts a majority independent board and has no material diversion of assets, both of which are positive indicators of governance.

Strengths noted in the data include a high program expense ratio of 86.85%, which suggests that a significant portion of its funding is directed towards its mission-related activities. Additionally, the foundation has a robust conflict of interest policy in place and regularly documents board meeting minutes, further enhancing its governance credentials.

However, the organization does have some limitations, as indicated by the absence of a whistleblower policy and a document retention and destruction policy. While these omissions did not significantly affect its overall score, they may represent areas for improvement in fostering an even more transparent operational framework. Overall, the North Carolina Arts Foundation demonstrates a commitment to accountability but could enhance its governance practices further.

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

North Carolina Arts Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Arts 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

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