Knights Basketball Academy Midwest

Charity Navigator Rating: Two-Star out of Four Star rating, 69%

Knights Basketball Academy Midwest has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement in certain areas of accountability and finance. With an overall score of 69%, the organization shows some strengths, particularly in financial oversight, as evidenced by a perfect score in its audit and oversight committee and a favorable liabilities to assets ratio. However, there are several significant weaknesses that have been noted in their governance practices.

One of the main concerns is the lack of independent board members, scoring 0 out of 8 points in this area, which can diminish the effectiveness of oversight and accountability. Additionally, the organization has not established a conflict of interest policy, a whistleblower policy, or a document retention policy, all of which are critical for fostering transparency and trust. The absence of these policies is reflected in their low scores in these categories, suggesting areas where the organization could improve its governance framework.

Despite these limitations, the Academy has demonstrated commitment through its program expense ratio, indicating that it allocates a significant portion of its resources to its programs. Overall, while Knights Basketball Academy Midwest has some positive attributes, substantial improvements in governance practices and transparency are needed to enhance its accountability and effectiveness as a nonprofit organization.

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

Knights Basketball Academy Midwest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knights Basketball Academy Midwest 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: $172,513
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,200

For more financial information, click here

Official website here: www.knightsbasketballacademy.com