Lynn C Goodchild Memorial Scholarship Fund

The information for Lynn C Goodchild Memorial Scholarship Fund is as of the organization's most recent filing in December '16. This organization is located in Attleboro, MA. The inception date and years in existence for this organization are unavailable.

Board Governance

Based on the information provided, the Lynn C Goodchild Memorial Scholarship Fund appears to have some weaknesses in its governance structure. The lack of voting members and independent members suggests that there may be a lack of diversity and independent oversight within the organization. This could potentially lead to decisions being made without proper consideration of different perspectives and potential conflicts of interest. The presence of potential conflicts of interest, coupled with the absence of a conflict of interest policy and disclosure requirements, is concerning. Without these safeguards in place, there is a higher risk of decisions being influenced by personal interests rather than the best interests of the organization and its beneficiaries. Furthermore, the absence of written policies such as a whistleblower policy, document retention policy, and substantiation and review of leadership and officer salaries raises questions about the organization's transparency and accountability. These policies are important for ensuring ethical behavior, protecting whistleblowers, and maintaining proper financial controls. On a positive note, the organization does document board and committee meetings, which indicates a level of transparency and accountability. Additionally, providing copies of the 990 to the board prior to filing demonstrates a commitment to financial transparency. Overall, while the Lynn C Goodchild Memorial Scholarship Fund has some governance practices in place, there are notable areas for improvement. Implementing policies to address conflicts of interest, whistleblower protection, document retention, and salary review would enhance the organization's governance and ensure it operates in the best interest of its mission and stakeholders.

Organization Growth

The Lynn C Goodchild Memorial Scholarship Fund has not grown over the given time period. All relevant data, including contributions & grants received, investment income, total revenue, total expenses, and total volunteers, remained the same in 2016 compared to 2016.