Genomeasia 100K Foundation

Charity Navigator Rating: 13%, Zero-Star out of Four Star Rating

The Genomeasia 100K Foundation has received a very low score of 13% from Charity Navigator, reflecting significant concerns regarding its accountability and financial practices. The organization lacks an independent board, which is a critical aspect of governance and oversight. Furthermore, it has not implemented key policies such as a conflict of interest policy, a whistleblower policy, or document retention and destruction procedures.

In addition to governance deficiencies, the foundation's financial health appears problematic, with a liabilities to assets ratio of 290.19%, indicating that its liabilities far exceed its assets. Moreover, the organization reported no program expenses, which raises questions about its operational effectiveness and transparency. The absence of publicly accessible financial documents, including its tax form, further complicates the evaluation of its financial practices.

Overall, the combination of poor governance, financial instability, and lack of transparency contributes to the Zero-Star rating from Charity Navigator. This suggests that potential donors should exercise caution and thoroughly investigate the organization before contributing.

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

Genomeasia 100K Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Genomeasia 100K 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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Official website here: www.genomesia100k.com