Kovno Communications Inc

Charity Navigator Rating: 54%, One-Star out of Four Star rating.

Kovno Communications Inc has received a 54% score from Charity Navigator, which results in a One-Star rating. This indicates significant concerns regarding the organization's accountability and financial transparency. While the nonprofit boasts a 100% independent board and demonstrates a high program expense ratio of 93.23%, it lacks required financial documentation, which affects its overall credibility.

The organization has fully independent board members, an important aspect that enhances its governance. However, it has multiple gaps in essential policies, including a missing conflict of interest policy, whistleblower policy, and document retention policy, which are critical for ensuring ethical operations. Additionally, the lack of financial statements available for review is a notable weakness.

Financially, Kovno Communications Inc shows a concerning liabilities to assets ratio of 116.65%, indicating that liabilities exceed assets. This may raise questions about the organization's financial viability in the long term. Overall, while Kovno Communications Inc demonstrates some strengths in board independence and program expenditures, significant areas for improvement exist regarding transparency and financial management.

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

Kovno Communications Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kovno Communications 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: $45,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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Official website here: www.kovnocommunications.org