Carmel Public Library Foundation

Charity Navigator Rating: 77%, Three-Star out of Four Star Rating

The Carmel Public Library Foundation has achieved a respectable Three-Star rating from Charity Navigator, reflecting a score of 77% primarily based on its accountability and finance metrics. The organization excels in having a fully independent board, with all members meeting the criteria for independence, which is crucial for maintaining transparency and integrity in governance.

Strengths of the foundation include high scores for financial oversight, such as no material diversion of assets and a solid liabilities to assets ratio of 0.28%. Additionally, the foundation's financial statements are thoroughly reviewed, and it maintains policies for conflict of interest and document retention. However, it has been noted that the organization lacks a whistleblower policy, which could enhance its accountability framework.

Despite the absence of a whistleblower policy, the foundation demonstrates a commitment to responsible financial management and accountability practices. Its program expense ratio of 57.65% indicates a focus on funding its programs, although this could be improved. Overall, the Carmel Public Library Foundation appears to be a trustworthy organization with room for growth in its governance policies.

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

Carmel Public Library Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carmel Public Library 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: $188,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $33,336

For more financial information, click here

Official website here: www.carmelpubliclibraryfoundation.org