Friendship Education Foundation

Charity Navigator Rating: 67% (Two-Star out of Four Star rating)

The Friendship Education Foundation has received a Two-Star rating from Charity Navigator, reflecting a score of 67%. This rating indicates that while the organization demonstrates some accountability and financial responsibility, there are notable areas for improvement. The foundation scores well on independent board composition and financial statements, showing a commitment to governance and financial transparency in these respects.

However, significant concerns are raised by the absence of several critical policies, such as conflict of interest, whistleblower, and document retention policies. These gaps in governance can undermine trust and accountability. Additionally, the lack of posted board meeting minutes and the absence of the tax form on the nonprofit's website further detracts from its accountability score.

On the financial front, the organization maintains a strong program expense ratio of 77.95%, which indicates a good allocation of resources towards its mission. However, the liabilities to assets ratio is quite high at 99.30%, suggesting potential financial vulnerabilities. Attention to these financial and governance issues could enhance the foundation's overall rating and public trust.

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

Friendship Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friendship Education 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: $289,208
Professional Fundraising Fees: $0
Other Salaries and Wages: $527,899

For more financial information, click here

Official website here: www.friendshipusa.org