Chicago Industrial Arts And Design Center Nfp

Charity Navigator Rating: 68%, Two-Star out of Four Star rating.

The Chicago Industrial Arts and Design Center NFP received a 68% rating from Charity Navigator, which indicates a need for improvement in some areas of accountability and finance. The rating is based solely on a single beacon score, which highlights the importance of financial transparency in nonprofit operations. While the organization demonstrates strong governance practices, such as having a completely independent board and maintaining clear conflict of interest policies, there are critical aspects that detract from its overall score.

One of the key strengths of the organization is its high program expense ratio, which stands at 98.13%. This suggests that the majority of its expenses are directed towards its programs rather than administrative costs. Additionally, the charity scores perfectly in areas such as board independence and the documentation of board meeting minutes, showing a commitment to governance best practices. However, the absence of a whistleblower policy and document retention protocols, along with a concerning liability to assets ratio of 132.02%, raises flags regarding its financial health and risk management.

Overall, while the Chicago Industrial Arts and Design Center NFP has established a solid foundation in terms of governance, the lack of essential policies and significant financial liabilities suggest areas that require immediate attention. Improving these policies and addressing financial risks could greatly enhance its standing and effectiveness in serving its mission.

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

Chicago Industrial Arts And Design Center Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chicago Industrial Arts And Design Center Nfp 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: $226,877

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Official website here: www.ciadc.org