Friends Of The University Of Waterloo Foundation

Charity Navigator Rating: Zero-Star out of Four Star rating

Friends Of The University Of Waterloo Foundation has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization has an overall score of 38%, with particular weaknesses noted in its governance structure, as it has no independent board members. This lack of independence raises questions about oversight and decision-making processes within the organization.

While the foundation demonstrates a strong program expense ratio of 100%, suggesting that it allocates all of its resources towards its mission-related activities, there are critical deficiencies in transparency and policy adherence. The absence of a conflict of interest policy, a whistleblower policy, and missing documentation related to its website and financial disclosures are alarming, indicating a potential risk for improper management or misuse of assets.

Furthermore, the liabilities to assets ratio of 110.28% could signal financial instability, which is a concern for potential donors and stakeholders. Overall, while the organization appears committed to its mission, the lack of proper governance and transparency measures significantly undermines its credibility and effectiveness.

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

Friends Of The University Of Waterloo Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The University Of Waterloo 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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