Grandworks Foundation

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

The Grandworks Foundation has received a two-star rating from Charity Navigator, indicating some concerns regarding its accountability and financial transparency. While the organization boasts a fully independent board of directors and demonstrates a strong program expense ratio, the lack of financial statements and missing policies, such as conflict of interest and whistleblower protections, raise flags about its governance practices.

The foundation has shown strengths in areas like asset management, with a low liabilities to assets ratio and no reported material diversion of assets. However, the absence of key operational documents, including tax forms and retention policies, limits its overall financial transparency. This lack of documentation could impact potential donors' trust and willingness to support the organization.

Overall, while Grandworks Foundation demonstrates a commitment to its programmatic work, significant improvements are necessary in its financial disclosure and governance policies to enhance accountability and public confidence. Addressing these areas could potentially elevate its rating and support more robust donor engagement.

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

Grandworks Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grandworks 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: $90,332
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,477

For more financial information, click here

Official website here: www.gloriatheatre.org