Overview
What is Navy League Foundation?
The Navy League Foundation, located in Arlington, Virginia, is a nonprofit organization that focuses on supporting the educational, advocacy, and related programs benefiting individuals associated with the U.S. Navy, U.S. Marine Corps, U.S. Coast Guard, and U.S.-flagged Merchant Marine personnel, as well as their families. Their primary mission involves managing the Navy League Foundation Scholarship Program and allocating funds donated to the foundation for charitable or educational purposes. The foundation provides college scholarships to the dependents or descendants of these service personnel, with the criteria being that the applicant is a graduating high school senior entering their first year of an accredited four-year college or university.
Official website here: www.navyleague.org/programs/scholarships
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Stars
The Navy League Foundation has received a score of 57%, which corresponds to a One-Star rating, indicating significant concerns regarding its financial accountability and transparency. The organization has a robust structure with all board members being independent, a strong conflict of interest policy, and a comprehensive whistleblower policy. However, there are notable deficiencies in key areas, particularly the lack of transparency regarding its financial documents, with its tax form not being posted on its website.
Despite the strengths in governance and independence, the Foundation struggles with financial efficiency, as indicated by a low program expense ratio of 43.89%. This ratio suggests that a significant portion of its funds may not be directed towards its programs, which is a critical area of concern for potential donors. Additionally, the liability to assets ratio of 0.36% raises questions about its financial health and sustainability.
Overall, while the Navy League Foundation demonstrates solid governance practices, its financial transparency and program funding efficiency require improvement for better accountability to its supporters and beneficiaries.
This AI summary has been generated from information found on Charity Navigator.
Is Navy League Foundation legitimate?
Navy League Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Navy League Foundation 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.navyleague.org/programs/scholarships
What is the mission statement of Navy League Foundation?
The Navy League Foundation's mission is centered around supporting educational and advocacy programs that benefit the men and women of the United States Sea Services and their families. They manage the Navy League Foundation Scholarship Program and allocate funds donated to the foundation for charitable or educational purposes, aiming to make a positive impact in these areas. The foundation's activities are geared towards enhancing the lives and opportunities of those associated with the U.S. Sea Services.
Official website here: www.navyleague.org/programs/scholarships
Who is the CEO of Navy League Foundation?
Michael Stevens is the Chair of Navy League Foundation. The CEO's salary of Navy League Foundation is $0 and their total compensation is $380,688.
Official website here: www.navyleague.org/programs/scholarships
What is the revenue of Navy League Foundation?
Navy League Foundation's revenue in 2022 was $160,406.
Official website here: www.navyleague.org/programs/scholarships
Who are the executives of Navy League Foundation and what are their salaries?
There 6 volunteers at Navy League Foundation.
Here are 8 key members and their salaries (Navy League Foundation's CEO's salary is $0 and their total compensation is $380,688):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $350,881
- Other: $29,807
- Compensation: $0
- Related: $213,822
- Other: $32,522
Official website here: www.navyleague.org/programs/scholarships
Where can I find the form 990 for Navy League Foundation?
Navy League Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.navyleague.org/programs/scholarships
Learn more at the official website: www.navyleague.org/programs/scholarships
Mission Statement of Navy League Foundation
The Navy League Foundation, a non-profit organization, is dedicated to supporting educational and advocacy programs that benefit the men and women of the United States Sea Services and their families. This organization plays a crucial role in managing the Navy League Foundation Scholarship Program and allocating funds donated to the foundation for charitable or educational purposes. The Navy League Foundation's mission is to contribute to the well-being of the individuals serving in the US Sea Services and their families, ensuring they have the necessary resources to thrive and succeed.
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Impact
October, 2024
The Navy League Foundation significantly impacts the lives of those who serve in the U.S. sea services, as well as their families, by providing essential educational support through scholarships. It offers college scholarships to dependents or descendants of U.S. Navy, U.S. Marine Corps, U.S. Coast Guard, and U.S.-flagged Merchant Marine personnel. These scholarships are aimed at graduating high school seniors who are entering their first year at accredited colleges or universities, helping to alleviate the financial burdens associated with higher education.
Moreover, the foundation engages in advocacy and educational programs that enhance the well-being and development of sea service members and their families. By managing the scholarship program and effectively allocating funds for charitable and educational purposes, it plays a vital role in supporting the next generation of leaders and ensuring that those who have dedicated their lives to service receive the recognition and assistance they require to succeed academically and professionally. The foundation's efforts foster a strong sense of community and gratitude for the sacrifices made by military families, ultimately contributing to the overall morale and readiness of the U.S. sea services.
This information is meant to be a general summary of Navy League Foundation. 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: $91,224
- Gross Receipts: $160,406
Assets and Liabilities:
- Total Assets: $3,324,754
- Total Liabilities: $12,159
- Net Assets: $3,312,595
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Organization Details
Founding Year
1997
Phone
(703) 528-1775Principal Officer
Michael Stevens
Main Address
2300 WILSON BOULEVARD 200, ARLINGTON, VA, 22201
NTEE Category
Code: B82 - Education
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