Foundation Resolution Corporation

Charity Navigator Rating: Zero Stars (45%)

Foundation Resolution Corporation has received a low rating of 45%, which translates to a Zero-Star out of Four Star rating, indicating significant concerns regarding its accountability and finance practices. The organization lacks independent board members, with 0 out of 10 points in this area, which raises questions about governance and oversight. Although the charity has not reported any material diversion of assets, it has several shortcomings, such as missing key policies and financial transparency indicators.

The organization does demonstrate strengths in certain areas, such as a high program expense ratio of 98.22%, which suggests that a significant portion of its expenditures are directed towards its programs rather than administrative costs. However, the lack of independent oversight and missing policies—specifically regarding whistleblower protection and document retention—detracts from its overall accountability.

Overall, Foundation Resolution Corporation faces considerable challenges that may impact its effectiveness and trustworthiness as a nonprofit organization. The absence of a website listed on its tax form and failure to post key documents online further limits transparency, suggesting that potential donors and partners may want to exercise caution before engaging with the organization.

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

Foundation Resolution Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Resolution Corporation 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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