Maine Street Foundation Inc

Rating from Charity Navigator: 1-Star out of Four Stars

Maine Street Foundation Inc has a score of 50%, earning it a One-Star rating on Charity Navigator. This rating indicates significant concerns regarding the organization's accountability and financial practices. The overall score is based solely on the Accountability & Finance beacon, reflecting a lack of transparency and governance measures that are typically essential for a nonprofit's credibility.

One of the major weaknesses highlighted is the absence of independent board members, which raises concerns about oversight and governance. Furthermore, various important policies, such as conflict of interest and whistleblower policies, are missing, indicating potential vulnerabilities in ethical practices. Although the organization has a strong program expense ratio of 97.17%, suggesting that most funds are directed toward programs, the lack of financial transparency and accountability diminishes the overall trustworthiness of the organization.

To enhance its standing, Maine Street Foundation Inc needs to address the gaps in governance and transparency by implementing essential policies and increasing board independence. Overall, while the organization is effective in program spending, the lack of accountability measures may deter potential donors and stakeholders from engaging with its mission.

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

Maine Street Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maine Street Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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