Richardson High School Area Band Club

Charity Navigator Rating: 53% (One-Star out of Four Stars)

The Richardson High School Area Band Club has received a low rating of 53%, resulting in a One-Star designation, primarily due to its performance in Accountability & Finance. The overall score reflects significant concerns, particularly the absence of independent board members, which raises potential governance issues. The club's lack of essential policies, including conflict of interest and whistleblower policies, further impacts its accountability.

On a positive note, the organization has shown a commendable program expense ratio of 98.85%, indicating that nearly all its expenses are directed toward its programs. Additionally, there are no reported material diversions of assets, and the organization’s liabilities to assets ratio stands at an excellent 0.00%, showcasing sound financial management in that regard.

However, the absence of documentation such as board meeting minutes and necessary policies suggests room for improvement in governance practices. Without these measures in place, the organization may struggle to build transparency and trust with stakeholders, which are crucial for long-term sustainability and effectiveness.

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

Richardson High School Area Band Club is a legitimate nonprofit organization registered as a 501(c)(3) entity. Richardson High School Area Band Club 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

For more financial information, click here

Official website here: www.richardsonband.org/