Sladek Scholarship Trust

Charity Navigator Rating: 60% (Two-Star out of Four Star rating)

The Sladek Scholarship Trust holds a Two-Star rating from Charity Navigator, primarily due to its accountability and finance score. This score reflects a heavy emphasis on financial transparency, where the organization received full points for having a majority of independent board members and no material diversion of assets. However, the charity has significant weaknesses in governance practices, as it lacks several key policies and documentation.

Specifically, the trust is missing its conflict of interest, whistleblower, and document retention policies, which raises concerns about governance and oversight. Additionally, minutes from board meetings were not documented, and important information, such as the organization's website, was not listed on its tax form. While the charity demonstrates strong program expense ratios, the lack of transparency in these areas may hinder donor confidence.

Overall, while the Sladek Scholarship Trust effectively allocates resources towards its programs with a program expense ratio of 99.23%, the deficiencies in governance and missing documentation suggest that improvements are necessary to enhance its accountability and strengthen donor trust.

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

Sladek Scholarship Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sladek Scholarship Trust submitted a form 990EZ, 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.