Bastrop Opera House

Charity Navigator Rating: 0 Stars (37%)

Bastrop Opera House has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. The overall score, which is based solely on the Accountability & Finance category, reflects a lack of financial statements and a low program expense ratio. While the organization does have an independent board and adheres to some governance policies, its lack of a whistleblower policy and insufficient financial documentation are notable weaknesses.

On the positive side, the board is comprised entirely of independent members, which is a strength in terms of governance. Additionally, the organization has established a conflict of interest and document retention policy, demonstrating some commitment to ethical practices. However, these strengths are overshadowed by the deficiencies in financial reporting, which could hinder donor confidence and long-term sustainability.

Overall, while Bastrop Opera House has the basic governance structure in place, its financial accountability issues are a significant barrier to receiving a higher rating. Potential donors and stakeholders may want to consider these factors carefully before engaging with the organization.

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

Bastrop Opera House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bastrop Opera House 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: $71,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.bastropoperahouse.com