Transpacific Yacht Club Co Jim Eddy Iii

Charity Navigator Rating: 56%, One-Star out of Four Star Rating

Transpacific Yacht Club Co Jim Eddy III has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The score is entirely derived from a single beacon focused on Accountability & Finance. The lack of independent board members and missing key governance policies, such as a conflict of interest policy and a whistleblower policy, have heavily impacted its overall score.

Despite these governance issues, the organization shows promising financial management, with a remarkable program expense ratio of 94.50%. This suggests that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, there are no material diversions of assets reported, which reflects positively on its financial integrity.

However, the absence of independent board members and several essential policies raises red flags about the organization's governance. The missing tax form on its website further contributes to concerns about transparency. Overall, while the charity demonstrates effective program funding, it needs to address its governance practices to improve its accountability rating.

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

Transpacific Yacht Club Co Jim Eddy Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transpacific Yacht Club Co Jim Eddy Iii 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.transpacificyc.com