Stovall Development Corporation

Charity Navigator Rating: 65%, earning a Two-Star out of Four Star rating.

Stovall Development Corporation has received a Two-Star rating from Charity Navigator, indicating moderate performance in terms of accountability and finance. The organization maintains a strong program expense ratio of 90.95%, which suggests that a significant portion of its expenditures is directed towards its programs. However, the lack of independent board members raises concerns about governance, as it received a score of 0% in this area.

While the organization has positive marks for its financial statements and has no material diversions of assets, several critical policies are either missing or not adequately addressed. Notably, the absence of a whistleblower policy and failure to list its website on tax forms indicate areas for improvement in transparency and accountability practices. Additionally, the organization does not post its tax form on its website, which further detracts from its rating.

Overall, while Stovall Development Corporation demonstrates a commitment to program spending, it faces challenges in governance and transparency, as highlighted by its low scores in independent board membership and missing policies. These factors contribute to its current Two-Star rating and suggest that there is room for enhancement in its operational practices.

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

Stovall Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stovall Development Corporation 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: $203,826

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