Madison River Foundation

Charity Navigator Rating: 62%, earning a Two-Star out of Four Star rating

The Madison River Foundation has received a Two-Star rating from Charity Navigator, indicating moderate performance in terms of accountability and finance. While the organization demonstrates strong governance features, such as having a fully independent board and no material diversion of assets, there are notable gaps in their policies and transparency practices that impact their overall score.

Strengths include a well-structured independent board and effective management of liabilities, reflecting a solid foundation in governance. However, the foundation's lack of a whistleblower and document retention policy, along with the missing tax documentation on their website, raise concerns about transparency and accountability. These deficiencies significantly contribute to their lower ratings in the financial and accountability categories.

Additionally, the program expense ratio is relatively low at 53.56%, suggesting that a smaller portion of funds is directed towards program services compared to administrative costs. This could indicate a need for improved financial management to enhance programmatic impact while ensuring that donor contributions are maximized for effective use in their mission.

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

Madison River Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison River 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: $93,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $37,479

For more financial information, click here

Official website here: www.madisonriverfoundation.org