Crescenta Valley Instrumental Music Foundation

Charity Navigator Rating: One-Star out of Four Stars (50%)

The Crescenta Valley Instrumental Music Foundation has received a One-Star rating, indicating significant areas of improvement in its accountability and financial practices. With a score of 50%, the organization lacks independent board members, which raises concerns regarding governance and oversight. Furthermore, critical policies such as conflict of interest and whistleblower protections are missing, which could compromise transparency and ethical standards.

On a positive note, the foundation demonstrates strong financial health with a program expense ratio of 97.03%, suggesting that nearly all funds raised are directed towards its programs. Additionally, the organization has not reported any material diversion of assets, which reflects responsible management of its resources. However, the absence of key governance documents and policies could hinder its overall effectiveness and credibility.

Overall, while the Crescenta Valley Instrumental Music Foundation shows a strong commitment to its mission through program funding, its lack of independent oversight and essential governance policies indicates a need for improvement. Strengthening these areas could enhance its accountability and trustworthiness in the nonprofit sector.

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

Crescenta Valley Instrumental Music Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crescenta Valley Instrumental Music Foundation 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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