Swansboro Rotary Foundation In

Charity Navigator Rating: 47%, Zero-Star out of Four Star rating.

The Swansboro Rotary Foundation has received a low score of 47% from Charity Navigator, which indicates significant areas for improvement in its accountability and financial practices. Notably, the organization has no independent board members, which raises concerns about governance and oversight. While there are positive aspects, such as the absence of material diversion of assets and a good liabilities to assets ratio, the overall governance structure appears to lack necessary independence.

In terms of organizational policies, the foundation has notable deficiencies, including missing a conflict of interest policy and a website listed on its tax form, both of which are critical for transparency. However, it does have a whistleblower policy and proper documentation of board meeting minutes, which suggests some level of operational integrity. The program expense ratio stands at 54.32%, indicating that just over half of its expenditures are directed toward its programs.

Overall, the Swansboro Rotary Foundation's low rating reflects a need for better financial practices and governance structures. Stakeholders might consider these shortcomings when assessing the organization's effectiveness and transparency.

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

Swansboro Rotary Foundation In is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swansboro Rotary Foundation In 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: $6,562

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