Mu Phi Epsilon Foundation

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

The Mu Phi Epsilon Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board, it has failed to implement critical governance policies, such as conflict of interest and whistleblower protections, which are essential for transparency and ethical management.

In terms of financial health, the foundation shows a solid liabilities to assets ratio, reflecting a stable financial position. However, its program expense ratio of 53.86% suggests that a considerable portion of its spending may not directly support its charitable activities. This raises questions about the efficiency of fund utilization within the organization.

Overall, while the foundation demonstrates a commitment to governance through its independent board composition, the lack of essential policies and the efficiency of its funding allocation are notable areas for improvement. Addressing these issues could enhance the organization's credibility and effectiveness in fulfilling its mission.

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

Mu Phi Epsilon Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mu Phi Epsilon Foundation 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.mpefoundation.org