New Horizons Educational Foundation

Charity Navigator Rating: 74%, Two-Star out of Four Star rating. This rating indicates that New Horizons Educational Foundation has a satisfactory level of performance in terms of accountability and finance, but it falls short of achieving a higher rating. The score is primarily based on the charity's accountability and financial management practices.

The organization demonstrates strong governance, with 100% of its board members being independent and a well-sized board of 17 members. It also has solid financial oversight in place, as evidenced by its audit and oversight committee scoring full points. Notably, the charity has no reported material diversion of assets and a high program expense ratio, meaning that the majority of its funds are directed towards its mission-related activities.

However, the charity does have several areas for improvement, particularly concerning its policies. It lacks a conflict of interest policy, a whistleblower policy, and documentation for retention and destruction, which are critical for ensuring transparency and accountability. Additionally, the absence of its tax form on the website is a limitation, impacting public access to important financial information.

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

New Horizons Educational Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Horizons Educational 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.nhgs.tec.va.us/educationalfoundation