Latta Library Foundation Inc

Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.

The Latta Library Foundation Inc has received a low score of 33% from Charity Navigator, resulting in a Zero-Star rating. This score is derived solely from the Accountability & Finance beacon, which reflects the organization’s transparency and financial health. While the foundation demonstrates strengths such as having a fully independent board, it falls significantly short in areas like policy documentation and financial ratios.

The organization has achieved perfect scores in several categories, including the independence of board members and the absence of material diversion of assets. However, it lacks key governance documents such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for ensuring accountability. Furthermore, its financial ratios, including program expense and liabilities to assets, indicate potential issues with financial management.

Overall, while the Latta Library Foundation Inc shows strengths in board independence, its deficiencies in governance policies and financial transparency raise concerns. These limitations are crucial considerations for potential donors and stakeholders evaluating the foundation's overall effectiveness and reliability.

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

Latta Library Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latta Library Foundation 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: $0

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