Building African American Minds Inc

Charity Navigator Rating 92%

Building African American Minds Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 92%, with its evaluation based entirely on accountability and finance metrics, reflecting a strong commitment to transparency and responsible financial management.

One of the standout features of the organization is its independent board, which consists of 100% independent members. Additionally, the charity demonstrates robust financial practices, including a perfect score in areas such as the absence of material asset diversions, effective oversight, and a high program expense ratio of 91.57%. This suggests that the majority of funds raised are directed toward program services rather than administrative costs.

However, some limitations were noted, including the absence of a whistleblower policy and document retention procedures. While these issues do not significantly detract from the organization's overall performance, they highlight areas for potential improvement in governance practices. Overall, Building African American Minds Inc demonstrates a solid reputation in financial accountability and program effectiveness.

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

Building African American Minds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building African American Minds 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: $100,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $416,043

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Official website here: www.baaminc.org