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(More) The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters.
Our analysts check the Form 990 to determine if the independent Board members are a voting majority and also at least five in number. (More)Ī diversion of assets – any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft – can seriously call into question a charity's financial integrity. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. This metric will be assigned to one of the following categories:įull Credit: There has been no diversion of assets within the last two years.Partial Credit: There has been a diversion of assets within the last two years and the charity has used Schedule O on the Form 990 to explain: the nature of the diversion, the amount of money or property involved and the corrective action taken to address the matter.In this situation, we deduct 7 points from the charity's Accountability and Transparency score.No Credit: There has been a diversion of assets within the last two years and the charity's explanation on Schedule O is either non-existent or not sufficient.In this case, we deduct 15 points from the charity's Accountability and Transparency score.Īudited Financials Prepared by Independent Accountant. (More)Īudited financial statements provide important information about financial accountability and accuracy. She is half-Persian and half-Swiss but was born in New York City, where she lives with her family.They should be prepared by an independent accountant with oversight from an audit committee. Zomorodi received a bachelor's degree from Georgetown University in English and fine arts. Martin's Press) and her TED Talk are guides to surviving information overload and the "Attention Economy." Her book "Bored and Brilliant: How Spacing Out Can Unlock Your Most Creative Self" (2017, St. She was named one of Fast Company's 100 Most Creative People in Business for 2018 and has received numerous awards for her work, including The Gracie for Best Radio Host in 20. Prior to her time at WNYC, Zomorodi reported and produced around the world for BBC News and Thomson Reuters, including a few years in Berlin. She also created, hosted, and was managing editor of the podcast Note to Self in partnership with WNYC Studios, which was named Best Tech Podcast of 2017 by The Academy of Podcasters. Zomorodi is a co-founder of Stable Genius Productions and is the co-host and co-creator of ZigZag, the business podcast about being human. She is a journalist, podcaster and media entrepreneur, and her work reflects her passion for investigating how technology and business are transforming humanity. Manoush Zomorodi is the host of TED Radio Hour.
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