Overview
What is Minnesotans' Military Appreciation Fund?
Minnesotans' Military Appreciation Fund is a nonprofit organization situated in Minneapolis, Minnesota. Established with the mission to aid Minnesota military personnel and their families who have served in a combat zone since September 11, 2001, the fund has provided financial assistance extensively. As of the information provided, the fund has disbursed grants to 23,585 individuals, including multiple grants to soldiers with multiple Purple Heart awards. The fund has also offered significant support to the families of soldiers killed in combat and wounded soldiers with Purple Heart awards. With a vision to assist those who have served their country, Minnesotans' Military Appreciation Fund has provided substantial financial assistance totaling over 12 million dollars to soldiers who have served in combat zones.
Official website here: www.thankmntroops.org
What are the reviews and ratings of this charity?
The Minnesotans' Military Appreciation Fund has received a Three-Star out of Four Star rating from Charity Navigator, with an overall score of 82%. This rating reflects a solid performance in accountability and finance, indicating the organization operates transparently and efficiently in its financial practices.
One of the notable strengths of the organization is its 100% independent board members, which enhances governance and decision-making. Additionally, the fund demonstrates strong financial health, with a low liabilities to assets ratio and a high program expense ratio of 72.77%, meaning the majority of its funds are directed toward its mission rather than administrative costs.
Despite its positive rating, the organization could enhance its reputation by continuing to engage stakeholders and ensuring ongoing transparency. The current data shows no significant issues, but maintaining accountability will be crucial for future growth and support.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Minnesotans' Military Appreciation Fund?
100% of nine reviewers on Facebook recommend the Minnesotans' Military Appreciation Fund. Here is a summary of their reviews:
Commenters express heartfelt gratitude for the organization, emphasizing its commitment to supporting Minnesota soldiers and their families. Many appreciate the dedication and the positive impact this nonprofit has on the military community, noting that it effectively addresses their needs and provides valuable services.
Overall, the sentiment towards the Minnesotans' Military Appreciation Fund is overwhelmingly positive, demonstrating that it truly delivers on its mission and resonates with those it aims to help.
This AI summary has been generated from reviews found on Facebook.
Is Minnesotans' Military Appreciation Fund legitimate?
Minnesotans' Military Appreciation Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesotans' Military Appreciation Fund 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: $85,968
For more financial information, click here
Official website here: www.thankmntroops.org
What is the mission statement of Minnesotans' Military Appreciation Fund?
The Minnesotans' Military Appreciation Fund's mission is centered around providing financial assistance. Specifically, it aims to support Minnesota military personnel and their families who have served in combat zones since September 11, 2001. Over the years, the fund has distributed grants to a significant number of individuals and families, including those who have lost their loved ones in combat, Purple Heart recipients, and soldiers who have served in combat zones. The fund also provides additional support to wounded soldiers who have received multiple Purple Heart awards. The fund's grant policy allows for a second grant of up to 9,000 to be awarded to wounded soldiers upon medical documentation.
Official website here: www.thankmntroops.org
Who is the CEO of Minnesotans' Military Appreciation Fund?
Roger Sit is the Assistant Se of Minnesotans' Military Appreciation Fund.
Official website here: www.thankmntroops.org
What is the revenue of Minnesotans' Military Appreciation Fund?
Minnesotans' Military Appreciation Fund's revenue in 2023 was $2,403,547.
Official website here: www.thankmntroops.org
Who are the executives of Minnesotans' Military Appreciation Fund and what are their salaries?
The average compensation at Minnesotans' Military Appreciation Fund during 2023 was $85,968. There is 1 employee and 20 volunteers at Minnesotans' Military Appreciation Fund.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.thankmntroops.org
Where can I find the form 990 for Minnesotans' Military Appreciation Fund?
Minnesotans' Military Appreciation Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thankmntroops.org
Learn more at the official website: www.thankmntroops.org
Mission Statement of Minnesotans' Military Appreciation Fund
Minnesotans' Military Appreciation Fund, a nonprofit organization, is committed to providing financial assistance to Minnesota military personnel and their families who have served in a combat zone since September 11, 2001. Over the years, the fund has extended support to numerous individuals and families, with a significant focus on those who have suffered losses or injuries during their service.
Since its inception, the fund has distributed a substantial number of grants. These grants have ranged from emergency financial aid to families of soldiers killed in combat, to medical and rehabilitation support for wounded soldiers, including those who have received multiple Purple Heart awards. Furthermore, the fund has provided grants to soldiers who have served in a combat zone, acknowledging their sacrifices and contributions.
In total, the Minnesotans' Military Appreciation Fund has paid out 23,585 grants, with a significant portion going toward supporting families of fallen soldiers, wounded soldiers with Purple Hearts, and soldiers who served in combat zones. The fund's grant policy allows for a second grant, up to 9,000 dollars, to be awarded to wounded soldiers upon medical documentation, further emphasizing its commitment to providing comprehensive support to those who have served their country.
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Impact
August, 2024
Minnesotans' Military Appreciation Fund has had a significant impact on Minnesota military personnel and their families who have served in combat zones since September 11, 2001. The fund has provided crucial financial assistance to these individuals, including grants that total a substantial amount.
Specifically, the Fund has paid 23,585 grants since its inception. Among these grants, there were 68 totaling $340,000 provided to the families of soldiers killed in combat, 585 grants totaling $1,215,000 to Purple Heart wounded soldiers, and 27 grants totaling $54,000 to wounded soldiers who received multiple Purple Heart awards. Additionally, 22,547 grants totaling $9,512,000 have been given to soldiers who served in a combat zone.
Furthermore, the Fund has awarded second grants, with medical documentation, of up to $9,000 to 358 wounded soldiers, totaling $2,119,000. This additional support has been invaluable in helping these individuals and their families during challenging times.
This information is meant to be a general summary of Minnesotans' Military Appreciation Fund. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $694,462
- Gross Receipts: $2,403,547
Assets and Liabilities:
- Total Assets: $20,308,323
- Total Liabilities: $50,906
- Net Assets: $20,257,417
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Organization Details
Founding Year
2005
Phone
(612) 359-2516Principal Officer
Roger Sit
Main Address
80 SOUTH 8TH STREET SUITE 3300, MINNEAPOLIS, MN, 55402
Website
www.thankmntroops.orgNTEE Category
Code: Z99 - Unknown
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