Boothbay Region Maritime Foundation

Charity Navigator Rating: 14% (Zero-Star out of Four Stars)

The Boothbay Region Maritime Foundation has received a very low rating of 14% from Charity Navigator, which highlights significant deficiencies in its accountability and financial practices. The rating is based solely on the Accountability & Finance beacon, where the organization scored poorly in key areas such as board independence and the availability of financial statements. The lack of independent board members and missing financial documentation raises concerns about the organization’s governance and transparency.

Strengths noted include the presence of a conflict of interest policy, which has been recognized as compliant. However, the absence of essential documents such as financial statements, board meeting minutes, and a whistleblower policy indicates a lack of proper oversight and accountability mechanisms. The program expense ratio, at 17.04%, suggests that a very small portion of resources is directed towards programs relative to administrative costs.

Overall, the low rating reflects serious concerns about the foundation's operational practices and governance. Potential donors and stakeholders may want to exercise caution and seek further clarity regarding the organization's financial health and commitment to transparency before engaging with it.

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

Boothbay Region Maritime Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boothbay Region Maritime 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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