Somerset Educ Broadcasting Fdtn Inc

Charity Navigator Rating: 42%, Zero-Star out of Four Star rating.

Somerset Educ Broadcasting Foundation Inc has received a poor rating of 42% from Charity Navigator, indicating significant shortcomings in both accountability and financial transparency. The charity lacks an independent board, with no members meeting the criteria, and has not provided necessary financial statements, which raises concerns about governance and oversight.

The organization does demonstrate some positive financial metrics, such as a low liabilities to assets ratio of 0.94%, reflecting a stable financial position. Additionally, the program expense ratio of 62.29% suggests that a significant portion of its expenses is directed toward its mission-related activities. However, the absence of key policies and documentation, including a conflict of interest policy and financial disclosures on its website, highlights areas needing improvement.

Overall, while there are some strengths in financial stability and program spending, the severe deficiencies in governance and transparency, as evidenced by the zero-star rating, suggest that potential donors should approach with caution and seek further information before contributing.

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

Somerset Educ Broadcasting Fdtn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Educ Broadcasting Fdtn 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: $146,082
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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