Ripple Effect Entrepreneurs Fund Inc

Charity Navigator Rating: 25%

Ripple Effect Entrepreneurs Fund Inc, also known as REEF, has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 25%, the organization struggles particularly with the composition of its board, where none of the members are independent, thus raising questions about governance and oversight.

The charity has demonstrated some strengths, such as a perfect score in its audit and oversight committee and no material diversion of assets, which reflects a certain level of financial integrity. However, the absence of essential policies, including conflict of interest, whistleblower, and document retention policies, significantly detracts from its accountability profile and raises concerns about transparency.

Additionally, REEF's program expense ratio stands at 36.90%, which is relatively low and suggests a larger portion of its resources may not be directed towards its core mission. The lack of publicly available tax forms and meeting minutes further compounds these issues, leaving potential donors and stakeholders with limited insight into the organization's operations and effectiveness.

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

Ripple Effect Entrepreneurs Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ripple Effect Entrepreneurs Fund Inc 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: $96,808

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