Nerems Inc

Charity Navigator Rating: 1 Star (53%)

Nerems Inc has received a low rating of 53%, earning it a One-Star out of Four Stars designation. This rating reflects significant concerns regarding its accountability and financial practices, particularly the absence of independent board members and multiple missing policies, which are essential for good governance. While the organization has demonstrated a strong program expense ratio, indicating that it directs all of its expenses towards its programs, the lack of transparency in key operational areas raises red flags for potential donors.

The nonprofit scored 10 out of 10 points for having no material diversion of assets, which indicates appropriate management of its resources. However, the absence of a conflict of interest policy, whistleblower policy, and the failure to list its website on its tax form reveal critical gaps in its operational framework. Moreover, the nonprofit does not publicly post its tax form, further limiting transparency and accountability to stakeholders.

Overall, while Nerems Inc shows some strengths in its program spending and asset management, the glaring lack of independent oversight and necessary governance policies suggests that potential supporters should proceed with caution. Addressing these issues could greatly enhance its credibility and effectiveness in fulfilling its mission.

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

Nerems Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nerems 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

For more financial information, click here