Overview
What is American Legion Auxiliary Fndn?
The American Legion Auxiliary Foundation is a charitable organization established in 2007, with a mission to aid the American Legion Auxiliary in carrying out its educational, charitable, and other exempt purposes. Based in Indianapolis, Indiana, the foundation raises funds, assists in conducting programs, and provides support to the Auxiliary. The foundation positively impacts the lives of veterans, military members, and their families by allocating resources to various Auxiliary programs. In 2021, the foundation granted funds to support youth, education, and veterans' programs, as well as local veterans' creative arts festivals. Additionally, it provided emergency aid to veterans and funded the National Veterans Creative Arts Festival, which honors the artistic achievements of veterans receiving art therapy through the VA healthcare system. The foundation serves as a valuable resource, engaging additional investors interested in supporting the Auxiliary's mission, ultimately enhancing the quality of life for future generations of veterans, military, and their families.
Official website here: www.alafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star rating)
The American Legion Auxiliary Foundation has received a Two-Star rating from Charity Navigator, with an overall score of 60%. This rating indicates some concerns regarding the organization's accountability and financial health. While the foundation has a strong independent board, with 87% of the members being independent and a well-structured audit and oversight committee, there are notable weaknesses in its financial ratios, particularly a low program expense ratio of 46.73%.
The organization excels in governance practices, maintaining transparency with policies on conflict of interest, whistleblower protections, and proper documentation of board meeting minutes. Additionally, it has successfully avoided any material diversion of assets, contributing positively to its accountability score. However, the charity's financial efficiency raises red flags, particularly with a liabilities to assets ratio of 4.26%, which suggests potential financial strain.
In summary, while the American Legion Auxiliary Foundation demonstrates strong governance and accountability measures, its financial ratios indicate challenges that could impact its operations and program funding. Potential donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is American Legion Auxiliary Fndn legitimate?
American Legion Auxiliary Fndn is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Legion Auxiliary Fndn 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:
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For more financial information, click here
Official website here: www.alafoundation.org
What is the mission statement of American Legion Auxiliary Fndn?
The American Legion Auxiliary Foundation, established in 2007, serves to enhance the lives of veterans, military members, and their families. It accomplishes this by funding programs under the American Legion Auxiliary, with the aim of continuing this support for future generations. As a 501(C)(3) public benefit corporation, the ALA Foundation attracts additional investors interested in upholding the mission. It acts as a resource to secure the legacy and heritage of service, ultimately improving the quality of life for future generations of veterans, military personnel, and their families. The purpose of the foundation is to aid in carrying out the educational, charitable, and exempt purposes of the Auxiliary by raising funds, assisting in the conduct of, and providing support to the Auxiliary programs.
Official website here: www.alafoundation.org
Who is the CEO of American Legion Auxiliary Fndn?
Terri Wallace is the Foundation Treasurer of American Legion Auxiliary Fndn.
Official website here: www.alafoundation.org
What is the revenue of American Legion Auxiliary Fndn?
American Legion Auxiliary Fndn's revenue in 2022 was $795,467.
Official website here: www.alafoundation.org
Who are the executives of American Legion Auxiliary Fndn and what are their salaries?
There 14 volunteers at American Legion Auxiliary Fndn.
Here are 18 key members and their salaries:
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Official website here: www.alafoundation.org
Where can I find the form 990 for American Legion Auxiliary Fndn?
American Legion Auxiliary Fndn's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alafoundation.org
Learn more at the official website: www.alafoundation.org
Mission Statement of American Legion Auxiliary Fndn
The American Legion Auxiliary Foundation plays a crucial role in positively impacting the lives of veterans, military members, and their families. Established in 2007, the foundation's purpose is to support the educational, charitable, and other exempt purposes of the American Legion Auxiliary. By raising funds, aiding in the conduct of, and providing assistance to the Auxiliary programs, the foundation serves as a valuable resource. As a 501(c)(3) public benefit corporation, the American Legion Auxiliary Foundation engages additional investors interested in supporting the mission of the organization. This approach helps secure the legacy and heritage of service, ultimately enhancing the quality of life for future generations of veterans, military members, and their families.
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Impact
October, 2024
The American Legion Auxiliary Foundation significantly impacts the lives of veterans, military personnel, and their families by funding various programs that support their needs today and for generations to come. In its commitment to long-term sustainability, the foundation awarded over $87,000 in grants to auxiliary entities, focusing on youth, education, and programs for veterans.
Funding initiatives have included $30,000 to support the National Veterans Creative Arts Festival, which celebrates the artistic achievements of veterans involved in art therapy through the VA healthcare system. The foundation also allocated $14,376 to the ALA Girls Nation Program, empowering young leaders, and granted $43,714 for the emergent needs of veterans, ensuring timely assistance when it matters most. Furthermore, $24,643 was directed to departments enhancing the delivery of these vital missions.
By facilitating these impactful initiatives, the American Legion Auxiliary Foundation plays a pivotal role in enhancing the quality of life for veterans, military families, and communities, fostering a legacy of service and support.
This information is meant to be a general summary of American Legion Auxiliary Fndn. 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: $67,159
- Gross Receipts: $862,479
Assets and Liabilities:
- Total Assets: $2,664,076
- Total Liabilities: $136,424
- Net Assets: $2,527,652
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Organization Details
Founding Year
2007
Phone
(317) 569-4500Principal Officer
Terri Wallace
Main Address
3450 FOUNDERS ROAD, INDIANAPOLIS, IN, 46268
Website
www.alafoundation.orgNTEE Category
Code: S80 - Community improvement
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