Fannie M Hall Scholarship Fund

Charity Navigator Rating: Needs Improvement - Two-Star out of Four Star rating (74%)

The Fannie M Hall Scholarship Fund has been rated with a "Needs Improvement" status, achieving a score of 74%. This two-star rating indicates that while the organization demonstrates commitment to its financial responsibilities, there are significant areas that require attention, particularly regarding governance and transparency.

One of the strengths noted in the evaluation is the organization's high program expense ratio of 75.97%, which suggests that a substantial portion of its funds is directed toward its scholarship initiatives. Additionally, the organization has robust policies in place, including a conflict of interest policy, whistleblower policy, and document retention policy, all of which scored highly. However, the lack of independent board members raises concerns about governance and oversight.

On the downside, the organization has been criticized for missing crucial transparency elements, such as the absence of a website listed on its tax form and failure to post its tax form online. These limitations, along with the absence of independent board members, detract from its overall accountability score and may impact public trust in the organization.

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

Fannie M Hall Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fannie M Hall Scholarship Fund 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: $2,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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