Louis P Ledet Memorial Scholarship Fund

Charity Navigator Rating: 13%

The Louis P Ledet Memorial Scholarship Fund has received a Zero-Star out of Four Star rating due to a very low overall score of 13%. This rating reflects significant deficiencies in accountability and financial practices, particularly the lack of independent board members, as it currently holds 0% independent representation. Additionally, the organization fails to meet several key governance standards, including missing conflict of interest, whistleblower, and document retention policies.

Strengths include the absence of any material diversion of assets, which indicates that the charity is not misallocating funds. Furthermore, the organization does maintain documented minutes from board meetings. However, its weaknesses heavily overshadow these positives, as evidenced by the failure to post essential documents like tax forms on its website, which impacts transparency.

The program expense ratio stands at a mere 32%, suggesting that only a small portion of its funds is actually being directed towards its intended mission. Overall, the low score on Charity Navigator raises serious concerns regarding the operational effectiveness and governance of the Louis P Ledet Memorial Scholarship Fund, highlighting a need for significant improvements in its accountability and financial management practices.

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

Louis P Ledet Memorial Scholarship Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Louis P Ledet Memorial 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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