Lawrence Co Economic Development Foundation

Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The rating indicates that while the Lawrence Co Economic Development Foundation demonstrates some strengths in its governance and financial management, there are notable areas for improvement. The organization has a strong program expense ratio of 93.42%, suggesting that a significant portion of its resources is directed towards its mission.

Strengths of the organization include a fully independent board and a commendable liability to assets ratio of 0.00%, which signals a solid financial position. Furthermore, the foundation documents its board meeting minutes and has no reported material diversions of assets, which speaks to sound governance practices.

However, the foundation faces significant challenges regarding transparency and accountability, as it lacks key policies such as a conflict of interest policy, whistleblower policy, and document retention policy. Additionally, the absence of its tax form on the nonprofit's website is a concern for potential donors who value transparency. Overall, while the foundation has some admirable practices, it must address these gaps to improve its rating and inspire greater public trust.

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

Lawrence Co Economic Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Co Economic Development 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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