The Randolph W & Dr Lael C Melville Family Foundation

Charity Navigator Rating: 56%, One-Star out of Four Stars

The Randolph W & Dr Lael C Melville Family Foundation has received a low rating of 56%, indicating significant concerns in its accountability and financial practices. A major drawback noted is the lack of independent board members, which raises questions about governance and oversight. Furthermore, the absence of financial statements and missing documentation such as the nonprofit's website on tax forms contribute to the overall low score.

Despite these issues, the foundation shows strength in its program expense ratio, which stands at 78.64%, indicating that a substantial portion of its expenditures is directed toward its programs. This is a positive sign for potential donors looking to support effective initiatives. However, the absence of key policies, such as a whistleblower policy and proper document retention practices, highlights areas that require improvement.

Overall, while the organization does manage its program expenses effectively, the governance and transparency deficiencies reflect a need for better practices. Potential donors should weigh these factors carefully before contributing.

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

The Randolph W & Dr Lael C Melville Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Randolph W & Dr Lael C Melville Family 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: $95,833

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