Theresa Sondra Jacobs Foundation

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

The Theresa Sondra Jacobs Foundation holds a two-star rating from Charity Navigator, indicating a need for improvement. With an overall score of 69%, the organization demonstrates some strengths, particularly in its governance structure, as evidenced by having 100% independent board members and a favorable liabilities to assets ratio of 0.00%. Additionally, the foundation allocates a significant portion of its budget to program expenses, achieving a high program expense ratio of 96.67%.

However, there are notable limitations in the foundation's accountability and financial transparency. The absence of financial statements significantly impacts its score, contributing to a low accountability and finance score. Moreover, critical policies such as conflict of interest, whistleblower, and document retention are missing, which raises concerns about the organization's internal controls and governance practices.

While the foundation's commitment to program expenses is commendable, the lack of necessary financial documentation and policies could undermine trust and confidence among potential donors and stakeholders. Addressing these shortcomings could enhance the foundation's effectiveness and improve its overall rating in the future.

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

Theresa Sondra Jacobs Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Theresa Sondra Jacobs 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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