Overview
What is Submarine Force Library & Museum Association Inc?
The Submarine Force Library & Museum Association Inc, based in Groton, Connecticut, is a nonprofit organization with a mission to foster appreciation and recognition for the submarine force and its historical role in naval operations. This association collaborates with the U.S.S. Nautilus Memorial and Museum to achieve its objectives. Employing a team of 13 individuals, the Association serves to educate and inspire people about the submarine force's past and present contributions to naval operations. The Association's activities are focused on promoting pride and awareness in the submarine force's legacy.
Official website here: www.ussnautilus.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating. The rating reflects various aspects of the organization's accountability and financial health. While the Submarine Force Library & Museum Association Inc has a strong independent board and no material diversion of assets, it has significant gaps in its policies, particularly in conflict of interest and whistleblower protections, which are critical for transparency and governance.
The organization demonstrates financial responsibility with a low liabilities to assets ratio of 0.64% and a decent program expense ratio of 53.85%. However, the program expense ratio indicates that less than 60% of its expenses are directed towards its programs, which could raise concerns about its operational efficiency and commitment to its mission.
Despite its strengths, the absence of several important policies and the missing tax form on its website highlight areas needing improvement. Addressing these limitations would enhance the organization's credibility and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Submarine Force Library & Museum Association Inc legitimate?
Submarine Force Library & Museum Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Submarine Force Library & Museum Association 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: $71,963
Professional Fundraising Fees: $0
Other Salaries and Wages: $112,929
For more financial information, click here
Official website here: www.ussnautilus.org
What is the mission statement of Submarine Force Library & Museum Association Inc?
The Submarine Force Library & Museum Association Inc, in collaboration with the U.S.S. Nautilus Memorial and Museum, works diligently to foster awareness, recognition, and pride in the submarine force and its significant role in naval operations throughout history. Their mission is centered around celebrating the past contributions of the submarine force and its continued relevance in naval operations. The association aims to promote understanding and appreciation of this branch of the military, thereby boosting its standing within the naval operations sphere.
Official website here: www.ussnautilus.org
Who is the CEO of Submarine Force Library & Museum Association Inc?
Radm John B Padgett Iii Usn is the President of Submarine Force Library & Museum Association Inc.
Official website here: www.ussnautilus.org
What is the revenue of Submarine Force Library & Museum Association Inc?
Submarine Force Library & Museum Association Inc's revenue in 2022 was $468,169.
Official website here: www.ussnautilus.org
Who are the executives of Submarine Force Library & Museum Association Inc and what are their salaries?
The average compensation at Submarine Force Library & Museum Association Inc during 2022 was $14,222. There are 13 employees and 21 volunteers at Submarine Force Library & Museum Association Inc.
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Official website here: www.ussnautilus.org
Where can I find the form 990 for Submarine Force Library & Museum Association Inc?
Submarine Force Library & Museum Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ussnautilus.org
Learn more at the official website: www.ussnautilus.org
Mission Statement of Submarine Force Library & Museum Association Inc
The Submarine Force Library & Museum Association, Inc., in collaboration with the U.S.S. Nautilus Memorial and Museum, strives to foster a sense of appreciation, recognition, and pride in the submarine force's significant role in naval operations, both historically and in the present. The organization's primary objective is to raise awareness and acknowledge the submarine force's crucial contributions to naval operations, highlighting its importance and impact over time. By doing so, the Submarine Force Library & Museum Association, Inc. aims to instill a sense of pride among its members and the broader public, celebrating the submarine force's rich history and its continued relevance in modern naval operations.
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Impact
July, 2024
The Submarine Force Library & Museum Association Inc has a significant impact in promoting awareness, recognition, and pride in the submarine force and its role in naval operations, both past and present. By working in conjunction with the U.S.S. Nautilus Memorial and Museum, the Association helps educate the public about the history and importance of submarines in naval operations. Their efforts contribute to honoring the legacy of the submarine force and its members, ensuring their contributions are not forgotten. This work plays a crucial role in preserving naval history and inspiring future generations to appreciate the sacrifices and achievements of the submarine force.
This information is meant to be a general summary of Submarine Force Library & Museum Association 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $82,220
- Gross Receipts: $627,063
Assets and Liabilities:
- Total Assets: $2,882,307
- Total Liabilities: $27,376
- Net Assets: $2,854,931
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Organization Details
Founding Year
1972
Phone
(860) 448-0893Principal Officer
Radm John B Padgett Iii Usn
Main Address
PO BOX 928, Groton, CT, 06340
Website
www.ussnautilus.orgNTEE Category
Code: A500 - Arts
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