Southern Maryland Rc&D Board Inc

Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)

The Southern Maryland Rc&D Board Inc has achieved a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score is derived entirely from its accountability metrics, where it has excelled in areas such as having a completely independent board and maintaining no material diversion of assets. Its program expense ratio of 89.19% demonstrates a commitment to using funds effectively for its mission.

While the organization showcases several strengths, including robust governance policies and transparency through listed documents, it faces a notable concern with its liabilities to assets ratio of 104.06%. This indicates that the organization has more liabilities than assets, which could potentially impact its financial stability. Nevertheless, the absence of material diversions and the presence of strong policies suggest that it is well-managed in terms of governance.

Overall, the Southern Maryland Rc&D Board Inc demonstrates solid accountability practices and effective program expense management. The highlighted financial concerns warrant attention but do not overshadow its commitment to responsible nonprofit management and transparency.

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

Southern Maryland Rc&D Board Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Maryland Rc&D Board 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: $78,674
Professional Fundraising Fees: $0
Other Salaries and Wages: $186,987

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Official website here: www.somdrcd.org