Maple Avenue Economic Development Corporation

The Maple Avenue Economic Development Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 71%. This rating reflects the organization’s performance in accountability and finance, highlighting both strengths and weaknesses in its operational practices. The organization excels in having a fully independent board and maintaining effective financial oversight, which contributes positively to transparency.

Despite its strengths, the organization faces significant challenges, particularly indicated by its liabilities to assets ratio, which is notably high at 192.03%. This raises concerns about financial stability and may impact the organization's ability to sustain its operations effectively over time. Additionally, the absence of critical governance policies, such as a conflict of interest policy and a whistleblower policy, suggests areas where improvements are necessary to enhance organizational integrity and accountability.

Overall, while the Maple Avenue Economic Development Corporation demonstrates strong program expense management and thorough financial oversight, it must address its financial liabilities and governance policy gaps to improve its standing and effectiveness in the nonprofit sector.

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

Maple Avenue Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maple Avenue Economic Development Corporation 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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