Overview
What is Support Our Troops Inc?
Support Our Troops Inc is a nonprofit organization based in Daytona Beach, Florida. They operate a highly innovative program at the request of the military community, aimed at enhancing the well-being of overseas military families by providing them with food and non-food manufacturer coupons to help extend their hard-earned pay. The mission of Support Our Troops Inc is to provide assistance and promote support for America's military servicemembers and their families worldwide. With a team of seven dedicated employees, they strive to make a positive impact on the lives of those serving their country.
Official website here: www.supportourtroops.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Support Our Troops Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in various areas of its operation. The organization scored 65% overall, which reflects its commitment to program expenses, with an impressive 98.7% program expense ratio. However, the financial health and governance aspects are concerning, particularly with a low percentage of independent board members and a poor fundraising efficiency ratio.
The nonprofit has made strides in transparency by implementing several essential policies, such as conflict of interest and whistleblower policies, and it provides access to its financial documents. Nevertheless, the limited size of its independent board and the lack of effective fundraising efforts raise questions about its overall governance and sustainability.
Furthermore, while the organization has no reported material diversion of assets, the liabilities to assets ratio signifies potential financial risks. Overall, while Support Our Troops Inc demonstrates a strong commitment to its mission and effective program spending, it must address its governance and financial management issues to enhance its effectiveness and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Support Our Troops Inc legitimate?
Support Our Troops Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Support Our Troops 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: $185,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,875
For more financial information, click here
Official website here: www.supportourtroops.org
What is the mission statement of Support Our Troops Inc?
Support Our Troops Inc is dedicated to assisting and advocating for the welfare of American military servicemembers and their families on a global scale. The organization operates the TroopOns program, which is a highly requested initiative within the military community, designed to enhance the well-being of families stationed overseas. By providing food and non-food manufacturer coupons, the families are able to stretch their hard-earned pay, contributing to their overall financial stability.
Official website here: www.supportourtroops.org
Who is the CEO of Support Our Troops Inc?
Martin C Boire is the Pres/Directo of Support Our Troops Inc.
Official website here: www.supportourtroops.org
What is the revenue of Support Our Troops Inc?
Support Our Troops Inc's revenue in 2022 was $30,509,628.
Official website here: www.supportourtroops.org
Who are the executives of Support Our Troops Inc and what are their salaries?
The average compensation at Support Our Troops Inc during 2022 was $51,839. There are 7 employees and 15000 volunteers at Support Our Troops Inc.
Here are 3 key members and their salaries:
- Compensation: $185,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.supportourtroops.org
Where can I find the form 990 for Support Our Troops Inc?
Support Our Troops Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.supportourtroops.org
Learn more at the official website: www.supportourtroops.org
Mission Statement of Support Our Troops Inc
Support Our Troops Inc, a renowned nonprofit organization, is dedicated to providing assistance and promoting support for America's military servicemembers and their families worldwide. The mission of this charitable group is twofold: it aims to enhance the well-being of military families stationed overseas by extending essential aid, and it strives to foster a sense of unity and appreciation for those who serve their country.
One of the most innovative programs run by Support Our Troops Inc is the TroopOns program. This initiative was launched in response to a request from the military community and is designed to help stretch the limited funds of overseas military families. Through the distribution of food and non-food manufacturer coupons, the organization enables these families to make the most of their hard-earned pay and maintain a decent standard of living. By alleviating some of the financial burdens, Support Our Troops Inc aims to contribute to the overall morale and well-being of military families, allowing them to focus on their loved ones and the challenges of military life.
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Impact
October, 2024
Support Our Troops Inc significantly impacts the lives of America's military servicemembers and their families worldwide by providing crucial assistance and fostering community support. One of its key initiatives, the Troopons program, directly enhances the well-being of overseas military families by supplying them with food and non-food manufacturer coupons. This innovative approach helps these families stretch their hard-earned pay, making essential resources more accessible during challenging times. By addressing the unique needs of military families, Support Our Troops Inc contributes to their overall welfare and reinforces the commitment to care for those who serve the nation. Located in Daytona Beach, Florida, the organization embodies a mission dedicated to uplifting and supporting servicemembers and their loved ones across the globe.
This information is meant to be a general summary of Support Our Troops 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: $16
- Gross Receipts: $30,509,628
Assets and Liabilities:
- Total Assets: $740,511
- Total Liabilities: $272,678
- Net Assets: $467,833
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Organization Details
Founding Year
2005
Phone
(386) 767-8882Principal Officer
Martin C Boire
Main Address
PO BOX 70, DAYTONA BEACH, FL, 321150070
Website
www.supportourtroops.orgNTEE Category
Code: P00 - Human services
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