Mdn Foundation

Charity Navigator Rating: One-Star out of Four Star rating

The Mdn Foundation has received a one-star rating from Charity Navigator, reflecting significant concerns regarding its accountability and finance practices with an overall score of 50%. Notably, the organization lacks independent board members, which raises questions about governance and oversight. Additionally, several key policies and documents, including a conflict of interest policy and board meeting minutes, are missing, which could hinder transparency.

Despite these challenges, the foundation has demonstrated a strong commitment to its program expenses, with an impressive program expense ratio of 97.95%. This indicates that the vast majority of its spending is directed towards its programs rather than administrative costs. However, the absence of essential governance documents and policies is a critical limitation that could affect stakeholder trust.

The foundation's liabilities to assets ratio is commendable at 0.00%, suggesting financial stability. However, the lack of publicly available documents, including tax forms and a whistleblower policy, points to serious gaps in operational transparency that potential donors and beneficiaries should consider before engaging with the organization.

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

Mdn Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mdn 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

For more financial information, click here