Gbt Development Corporation

Charity Navigator Rating: Needs Improvement - 63%

The Gbt Development Corporation has received a Two-Star out of Four Star rating based on its performance in accountability and finance, scoring 63%. This rating indicates that while the organization has some solid practices like a zero material diversion of assets and a strong program expense ratio of 100%, there are significant areas for improvement, particularly in governance aspects such as board independence and the presence of key policies.

One of the main weaknesses highlighted is the complete lack of independent board members, which raises concerns about governance and oversight. Furthermore, the organization is missing important policies, including a whistleblower policy and a document retention policy, which are critical for ensuring transparency and accountability. Although the nonprofit does have meeting minutes and a conflict of interest policy in place, the absence of other essential documents detracts from its overall score.

Despite its strengths in certain financial ratios, Gbt Development Corporation's governance shortcomings suggest a need for more robust oversight and transparency measures. Addressing these areas could potentially enhance its rating and public trust, allowing it to operate more effectively in the nonprofit sector.

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

Gbt Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gbt Development Corporation 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: $126,608

For more financial information, click here

Official website here: www.gbtacademy.org