Mary Immaculate Preschool

Charity Navigator Rating: 0 Stars

Mary Immaculate Preschool has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 40%, the organization shows several areas needing improvement, particularly in governance, as it lacks any independent board members and essential financial policies.

Strengths noted include the absence of material diversion of assets and a strong liabilities to assets ratio of 0.00%. Additionally, the program expense ratio stands at 60.15%, suggesting that a majority of its expenditures are directed towards its programs rather than administrative costs. However, the absence of required financial documentation and policies raises serious questions about transparency and governance.

Limitations are particularly evident in the lack of independent oversight, as indicated by the complete absence of independent board members. Furthermore, missing financial statements and crucial governance policies, such as conflict of interest and whistleblower policies, create potential risks for accountability. Overall, these factors contribute to an unfavorable assessment of the organization's operational practices.

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

Mary Immaculate Preschool is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mary Immaculate Preschool 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: $437,861

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