Tongyan Chinese School Corp

Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)

Overall score: 73%

Tongyan Chinese School Corp has received a two-star rating from Charity Navigator, indicating areas of concern within its operations and governance. The organization exhibits strong financial health, evidenced by a 95.20% program expense ratio and a 0.00% liabilities to assets ratio, suggesting that it effectively allocates resources towards its core mission without accumulating debt.

However, the nonprofit faces significant governance challenges, as it lacks essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy. Additionally, there is no publicly available documentation of board meeting minutes, nor is the tax form posted on their website, which raises transparency issues. Despite having a fully independent board, these missing elements contribute to the organization's overall low accountability score.

To strengthen its standing, Tongyan Chinese School Corp should prioritize developing and implementing the missing governance policies and ensuring all documentation is accessible to the public, enhancing its transparency and accountability to stakeholders.

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

Tongyan Chinese School Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tongyan Chinese School Corp 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: $33,044
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

Official website here: www.tongyantang.org/