Glastonbury Rotary Charitable Corporation Inc

Charity Navigator Rating: 63%, Two-Star out of Four Stars

The Glastonbury Rotary Charitable Corporation Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The overall score is based solely on its Accountability & Finance beacon, which reveals areas of strength and weaknesses. While the organization maintains a healthy liabilities to assets ratio of 0.39% and allocates 100% of its expenses towards programs, it has significant shortcomings in governance practices.

The organization has a majority independent board, which is a positive aspect, but only 42% of its members are independent, limiting its score in this area. Additionally, while they have three independent board members, critical policies such as conflict of interest, whistleblower, and document retention are missing, leading to a lack of transparency and accountability in governance.

Moreover, the charity’s website is not listed on its tax form, and its tax documents are not available on its website, which further detracts from its accountability rating. Despite the absence of serious financial issues, these governance shortcomings contribute to its overall low rating, suggesting a need for improvements in policy transparency and board independence.

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

Glastonbury Rotary Charitable Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glastonbury Rotary Charitable Corporation Inc 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: $0

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