Overview
What is Military Bowl Foundation Inc?
Military Bowl Foundation Inc, based in Washington D.C., is a nonprofit organization committed to enriching the local community. Their primary mission involves hosting annual college football games, such as the Military Bowl, and organizing related events. By doing so, they aim to boost the region's economy, enhance its national image, and honor the U.S. military. Additionally, they strive to provide recreational and rehabilitation opportunities for veterans and their families, using their resources and facilities in a charitable and educational manner. With a team of five dedicated individuals, Military Bowl Foundation Inc is dedicated to contributing positively to the community and supporting our nation's heroes.
Official website here: www.militarybowl.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Military Bowl Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial stewardship. This high rating is entirely derived from its accountability and finance metrics, indicating that the organization operates with transparency and integrity in its financial practices.
Among its strengths, the foundation boasts a majority independent board, with 91% of its members being independent. It also scores full points in areas like financial oversight, material diversion of assets, and the presence of essential policies such as conflict of interest and whistleblower protections. Additionally, the organization demonstrates a high program expense ratio of 87.42%, signifying a robust commitment to its mission rather than administrative costs.
However, while the data showcases several strengths, no specific limitations or concerns were noted. Overall, the Military Bowl Foundation Inc exemplifies a well-managed nonprofit with a clear focus on accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Military Bowl Foundation Inc legitimate?
Military Bowl Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Military Bowl Foundation 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: $491,775
Professional Fundraising Fees: $32,500
Other Salaries and Wages: $371,146
For more financial information, click here
Official website here: www.militarybowl.org
What is the mission statement of Military Bowl Foundation Inc?
The Military Bowl Foundation Inc's mission is centered around two main objectives. Firstly, it aims to organize and manage post-season college football games, along with related activities, to promote national amateur sports competitions. Secondly, the foundation seeks to acquire and operate properties and facilities for the purpose of providing recreational and rehabilitation opportunities for veterans and their families. These endeavors are all aligned with the organization's charitable and educational objectives.
Official website here: www.militarybowl.org
Who is the CEO of Military Bowl Foundation Inc?
Stephen J Beck is the President & Exe. Director of Military Bowl Foundation Inc.
Official website here: www.militarybowl.org
What is the revenue of Military Bowl Foundation Inc?
Military Bowl Foundation Inc's revenue in 2022 was $2,464,715.
Official website here: www.militarybowl.org
Who are the executives of Military Bowl Foundation Inc and what are their salaries?
The average compensation at Military Bowl Foundation Inc during 2022 was $172,584. There are 5 employees and 25 volunteers at Military Bowl Foundation Inc.
Here are 27 key members and their salaries:
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Official website here: www.militarybowl.org
Where can I find the form 990 for Military Bowl Foundation Inc?
Military Bowl Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.militarybowl.org
Learn more at the official website: www.militarybowl.org
Mission Statement of Military Bowl Foundation Inc
The Military Bowl Foundation Inc is dedicated to promoting national amateur sports competitions by organizing a post-season college football game and various ancillary activities. This nonprofit organization also aims to acquire and manage properties and ancillary facilities to provide recreational and rehabilitation opportunities for veterans and their families. These endeavors are all aligned with the corporation's charitable and educational purposes, ensuring that they contribute positively to the lives of those who have served their country.
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Impact
October, 2024
Military Bowl Foundation Inc plays a significant role in enhancing community pride and supporting the local economy through its signature event, the annual Military Bowl. By organizing this post-season college football game, the Foundation not only showcases premier collegiate athletics but also celebrates and honors the U.S. military, fostering a sense of appreciation and respect within the community.
Beyond sports, the Foundation is dedicated to providing recreational and rehabilitation opportunities for veterans and their families. This commitment helps address the unique challenges faced by military personnel, promoting well-being and community integration. By acquiring and managing facilities for these purposes, the organization strengthens its service to those who have served the nation.
Moreover, the Foundation’s activities contribute to boosting the national image of the Washington Metropolitan area, attracting visitors and generating economic benefits. Through its efforts, it positively impacts local charitable organizations, ensuring that the benefits of their initiatives extend throughout the community. Overall, Military Bowl Foundation Inc serves as a vital conduit for community engagement, support for veterans, and economic development.
This information is meant to be a general summary of Military Bowl Foundation 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: $1,398
- Program Service Revenue: $1,413,174
- Gross Receipts: $2,545,473
Assets and Liabilities:
- Total Assets: $5,612,283
- Total Liabilities: $374,631
- Net Assets: $5,237,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$1,338,620
TICKET OPERATIONS
Revenue
$71,597
MERCHANDISE SALE
Revenue
$2,957
Organization Details
Founding Year
2008
Phone
(202) 776-2919Principal Officer
Stephen J Beck
Main Address
1742 N STREET NW, WASHINGTON, DC, 20036
Website
www.militarybowl.orgNTEE Category
Code: B124 - Education
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