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Reel Thanx Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 061834089 ✦ Midland, TX ✦ Designated as a 501(c)(3)

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Overview

What is Reel Thanx Inc?

Reel Thanx Inc is a distinguished nonprofit organization based in Midland, Texas. Their primary mission is to express gratitude towards military service members, both active duty and retired, by honoring their patriotism, bravery, and unwavering love for their country. They achieve this by organizing fishing trips, which serve as a therapeutic outlet for these heroes, allowing them to focus on their abilities rather than their disabilities. In 2022, 17 wounded soldiers were given this opportunity to reconnect with nature. Reel Thanx Inc provides these excursions, aiming to uplift and support these brave individuals who have dedicated their lives to protecting their nation.


Official website here: www.reelthanx.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 83% (Three-Star out of Four Star rating).

Reel Thanx Inc has achieved an 83% score on Charity Navigator, indicating a solid performance in accountability and finance. The rating is derived solely from this category and reveals strengths such as having a fully independent board and a strong program expense ratio of 84.25%, which suggests a significant portion of funds is directed towards its programs.

The organization demonstrates a commitment to transparency with all board members being independent and no material diversion of assets reported. However, there are notable gaps in governance policies, particularly the absence of a whistleblower policy and a document retention and destruction policy, which could be areas for improvement.

Overall, while Reel Thanx Inc exhibits strong financial practices and governance, addressing the missing policies could enhance its accountability framework and further bolster stakeholder confidence.


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

Is Reel Thanx Inc legitimate?

Reel Thanx Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reel Thanx Inc 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

For more financial information, click here


Official website here: www.reelthanx.org

What is the mission statement of Reel Thanx Inc?

Reel Thanx Inc's mission is centered around honoring military service members, both active duty and retired. The organization aims to express gratitude for their patriotism, bravery, and love for their country. They achieve this by organizing fishing trips, allowing these heroes to focus on their abilities rather than their limitations. These outings contribute to their physical healing by providing an engaging outdoor activity that they can participate in despite various disabilities. In 2022, 17 wounded soldiers were welcomed on these therapeutic journeys.


Official website here: www.reelthanx.org

Who is the CEO of Reel Thanx Inc?

Steve Dunagan is the President of Reel Thanx Inc.


Official website here: www.reelthanx.org

What is the revenue of Reel Thanx Inc?

Reel Thanx Inc's revenue in 2022 was $141,767.


Official website here: www.reelthanx.org

Who are the executives of Reel Thanx Inc and what are their salaries?

There 20 volunteers at Reel Thanx Inc.


Here are 7 key members and their salaries:


Steve Dunagan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike W Starkey (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Baer (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Peacock (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Lipsey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carson Machen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Parker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.reelthanx.org

Where can I find the form 990 for Reel Thanx Inc?

Reel Thanx Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.reelthanx.org

Learn more at the official website: www.reelthanx.org

Mission Statement of Reel Thanx Inc

Reel Thanx Inc, a nonprofit organization, is dedicated to honoring military service members, both active duty and retired. Their mission is rooted in acknowledging the patriotism, bravery, and love of country displayed by these individuals. Reel Thanx Inc seeks to help these heroes reconnect with nature by taking them fishing. This outdoor activity provides an opportunity for them to focus on their abilities instead of their limitations, promoting physical healing. In 2022, 17 wounded soldiers were hosted on fishing trips organized by Reel Thanx Inc, further highlighting their commitment to supporting these brave individuals.

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Impact




October, 2024

Reel Thanx Inc significantly impacts the lives of military service members by providing them with opportunities to reconnect with nature and engage in therapeutic fishing trips. By focusing on what these heroes can still do, rather than what they can no longer, the organization fosters a sense of empowerment and healing. In 2022, 17 wounded warriors participated in these fishing excursions, which not only facilitated physical healing but also offered camaraderie and support among fellow veterans. The experience helps participants find solace in the outdoors, promoting mental well-being while honoring their bravery and dedication to their country. Through its mission, Reel Thanx Inc is creating meaningful experiences that contribute to the overall recovery and reintegration of our military heroes into civilian life.




This information is meant to be a general summary of Reel Thanx Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$141,767 (2022)
Expenses
$109,844 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $46
  • Gross Receipts: $213,471

Assets and Liabilities:

  • Total Assets: $336,625
  • Total Liabilities: $1,335
  • Net Assets: $335,290

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Organization Details

Founding Year

2008

Principal Officer

Steve Dunagan

Main Address

PO BOX 431, MIDLAND, TX, 79702

NTEE Category

Code: P20 - Human services

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