On March 20, 2024, The Philadelphia Inquirer reported on a material diversion of assets confirmed to have taken place at Universal Education Companies Inc. in an article titled, "Former CEO at Philly music icon Kenny Gamble’s nonprofit convicted of embezzlement, bribery." For more information regarding this matter, please see The Philadelphia Inquirer article.
For more information about our alerts methodology, see here.
Total Revenue Amount | Expectation to Receive Credit |
$2 million or higher and 40% or higher donor support | Expected to complete an audit and have an audit oversight committee |
$1 million or higher | Expected to complete an audit |
$500,000 - $1 million | Expected to complete an audit, review, or compilation |
Less than $500,000 | No expectation (removed from scoring methodology) |