Mega Social Enterprise

Charity Navigator Rating: 53%, One-Star out of Four Star rating.

Mega Social Enterprise has received a low overall score of 53%, which indicates significant challenges in accountability and financial practices. The lack of independent board members and missing policies, such as for conflicts of interest and whistleblowers, raise concerns about governance and transparency. Despite these issues, the organization shows a strong program expense ratio, suggesting that a substantial portion of its funds is directed towards its mission.

The absence of essential governance policies and documentation, such as board meeting minutes and the posting of tax forms on its website, further highlights weaknesses in its operational framework. While the organization does not have any material diversions of assets, its overall accountability score reflects a need for improvement in maintaining ethical standards and transparency.

It is crucial for Mega Social Enterprise to address these limitations to enhance its credibility and effectiveness. Strengthening board independence and implementing necessary policies could greatly improve its governance and inspire greater confidence among donors and stakeholders.

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

Mega Social Enterprise is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mega Social Enterprise 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: $175,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,078

For more financial information, click here

Official website here: www.megasocialenterprise.org