They should be prepared by an independent accountant with oversight from an audit committee. (More)Īudited financial statements provide important information about financial accountability and accuracy. In this case, we deduct 15 points from the charity's Accountability and Transparency score.Īudited Financials Prepared by Independent Accountant. 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 situation, we deduct 7 points from the charity's Accountability and Transparency score. 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.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. 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. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. (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. Our analysts check the Form 990 to determine if the independent Board members are a voting majority and also at least five in number.
COLUMBUS ZOO ORG FULL
(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. For more information on how or when we decide to publish a CN Advisory, please review our methodology. Charity Navigator is not responsible for the nature or content of the information presented through such external sources and websites. The views and opinions expressed here are those of the authors of sources used for the reported information, and not those of Charity Navigator.
This advisory will be updated once we become aware that the investigation is completed. Charity Navigator aims to provide donors and users with as much information as possible in order to make an informed giving decision. Please note that this investigation has not concluded and that the allegations being investigated have not been confirmed by the U.S. This charity has received a Moderate Concern Advisory due to an open or pending investigation regarding allegations of possible illegal activity, improper conduct, organizational mismanagement, or other matters of concern. On March 14, 2022, AXIOS Columbus published an article titled, "Zoo reaches $400,000 settlement with former CEO Tom Stalf." For more information, please see the AXIOS Columbus article. On June 29, 2021, The Columbus Dispatch published an article titled, "'This office will get to the bottom of it.' Columbus Zoo investigations: Here's where things stand." For more information, please see The Columbus Dispatch article. On June 10, 2021, The Columbus Dispatch published an article titled, "Columbus Zoo and Aquarium officially begins search for new leader after resignations." For more information, please see The Columbus Dispatch article. On April 8, 2021, NBC4 published an article titled, "Former Columbus Zoo executives respond to investigation." For more information, please see the NBC4 article. On March 29, 2021, The Columbus Dispatch published an article titled, "Columbus Zoo: Top officials resign following Dispatch investigation." For more information, please see The Columbus Dispatch article. For more information regarding the charges reported, please see The Columbus Dispatch article. On April 1, 2021, it came to the attention of Charity Navigator that Columbus Zoo and Aquarium is the subject of an investigation by the Office of the Ohio Attorney General according to an article titled, "As scrutiny of Columbus Zoo mounts, board says they will release some investigation details." For this reason, we have issued a Moderate Concern CN Advisory.
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