Masternet Foundation

Charity Navigator rating: 13%, Zero-Star out of Four Star rating.

The Masternet Foundation received a low rating of 13% from Charity Navigator, indicating serious concerns regarding its accountability and financial practices. The organization scored poorly in several key areas, particularly in board independence, where only 33% of its board members are independent, resulting in zero points for independent board size. Additionally, the organization has not established essential governance policies, such as a conflict of interest and whistleblower policy, which significantly impacted its score.

Despite having no reported material diversion of assets and a listed website on its tax form, the overall lack of transparency and inadequate financial management practices overshadow these positives. The foundation's program expense ratio is notably zero, suggesting that it may not be effectively utilizing resources for its intended charitable purposes. This raises red flags for potential donors regarding the organization's operational effectiveness.

The combination of missing governance documents and poor financial indicators points to a need for significant improvement within the Masternet Foundation. Stakeholders should consider these factors before engaging with the organization or contributing funds.

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

Masternet Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Masternet 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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Official website here: www.none