Chi Montessori Academy Inc Chi Montessori Academy

Charity Navigator Rating: 37% (Zero-Star out of Four Star Rating)

Chi Montessori Academy Inc has received a low rating of 37% from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. Additionally, there are multiple deficiencies in its policy implementations, including missing conflict of interest and whistleblower policies, which are crucial for maintaining transparency and accountability.

On the positive side, the organization has a high program expense ratio of 83.71%, indicating that a large proportion of its budget is directed towards its educational programs. However, the liabilities to assets ratio is concerning at 82.88%, suggesting potential financial instability. The lack of essential financial documentation, such as a website listing the tax form and proper financial statement reviews, further exacerbates these concerns.

Overall, while Chi Montessori Academy demonstrates a commitment to its programs, the deficiencies in governance, financial management, and policy adherence present significant limitations that affect its overall effectiveness and trustworthiness as a nonprofit organization.

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

Chi Montessori Academy Inc Chi Montessori Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chi Montessori Academy Inc Chi Montessori Academy 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: $62,651
Professional Fundraising Fees: $0
Other Salaries and Wages: $506,960

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