Concord Rotary Endowment

Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Concord Rotary Endowment demonstrates a number of strengths in its accountability and finance practices, there are significant areas that require improvement. The organization maintains a fully independent board and has no material diversion of assets, showcasing strong governance and financial integrity.

One of the notable strengths of the Concord Rotary Endowment is its high program expense ratio of 90.74%, indicating that a substantial portion of its expenses is directed towards its programs rather than administrative costs. Additionally, the organization exhibits favorable financial health with a liabilities to assets ratio of 1.45%, reflecting a stable financial position. The documentation of board meeting minutes further emphasizes its commitment to transparency.

However, the organization faces critical shortcomings in its policies and disclosures. The absence of essential documents such as a conflict of interest policy, whistleblower policy, and tax form disclosures on its website raises concerns about governance practices. These gaps, combined with the lack of transparency in sharing tax forms, have contributed to its overall lower rating, suggesting that improvements in these areas could enhance its credibility and effectiveness.

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

Concord Rotary Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concord Rotary Endowment 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.

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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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