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Indiana War Memorials Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352123555 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Indiana War Memorials Foundation Inc?

The Indiana War Memorials Foundation Inc is a nonprofit organization dedicated to honoring Hoosier veterans. Their primary mission is to preserve and promote the historical and educational activities associated with the Indiana War Memorials. They aim to commemorate the veterans of the Nation's Armed Forces and gain public support for these memorials. The foundation's work encompasses various activities, including preserving the historical significance of the memorials and promoting educational programs related to them.


Official website here: www.indianawarmemorials.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Star rating)

The Indiana War Memorials Foundation Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. Its score is heavily weighted on these aspects, reflecting a strong commitment to responsible financial management. The organization has a low liabilities to assets ratio of 0.02%, showcasing its fiscal prudence and stability.

Strengths of the foundation include its fully independent board of directors, with 10 out of 10 members being independent, which enhances governance and oversight. Additionally, it has a high program expense ratio of 82.38%, suggesting that a significant portion of its resources are directed towards its programs rather than administrative costs. Transparency is also emphasized, as the foundation's tax form is listed on its website.

However, there are notable limitations, particularly regarding missing policies on conflict of interest, whistleblowing, and document retention. These deficiencies could pose risks to governance and operational integrity. Addressing these areas could further improve the foundation's overall accountability and public trust.


This AI summary has been generated from information found on Charity Navigator.

Is Indiana War Memorials Foundation Inc legitimate?

Indiana War Memorials Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana War Memorials 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.indianawarmemorials.org

What is the mission statement of Indiana War Memorials Foundation Inc?

The Indiana War Memorials Foundation's mission is centered around honoring the veterans of the United States' armed forces. It aims to perpetuate their commemoration and encourage public support for the Indiana War Memorials. The organization is also dedicated to preserving and promoting the historical and educational activities related to these veterans. Its primary goal is to ensure that the sacrifices and accomplishments of these servicemen and women are never forgotten.


Official website here: www.indianawarmemorials.org

Who is the CEO of Indiana War Memorials Foundation Inc?

Otto Frenzel Iv is the Director of Indiana War Memorials Foundation Inc.


Official website here: www.indianawarmemorials.org

What is the revenue of Indiana War Memorials Foundation Inc?

Indiana War Memorials Foundation Inc's revenue in 2022 was $177,850.


Official website here: www.indianawarmemorials.org

Who are the executives of Indiana War Memorials Foundation Inc and what are their salaries?

There 13 volunteers at Indiana War Memorials Foundation Inc.


Here are 10 key members and their salaries:


Don Hart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Fix (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Diana Ebling (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fred Golgart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rush Yelverton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Otto Frenzel Iv (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Alerding (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Robinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kurt Eisgruber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Abernathy (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.indianawarmemorials.org

Where can I find the form 990 for Indiana War Memorials Foundation Inc?

Indiana War Memorials Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.indianawarmemorials.org

Learn more at the official website: www.indianawarmemorials.org

Mission Statement of Indiana War Memorials Foundation Inc

The Indiana War Memorials Foundation, a renowned nonprofit organization, is dedicated to honoring Hoosier veterans. Its mission is multifaceted, aiming to perpetuate the commemoration of veterans who have served in the nation's armed forces. The foundation plays a crucial role in promoting public support for the Indiana War Memorials. Furthermore, it is committed to preserving and promoting the historical and educational activities associated with these memorials. By doing so, the Indiana War Memorials Foundation contributes significantly to the remembrance and celebration of the valor and sacrifices made by these brave veterans.

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Impact




October, 2024

The Indiana War Memorials Foundation Inc significantly impacts the community by honoring Hoosier veterans and ensuring their sacrifices are recognized and remembered. Its efforts focus on perpetuating the commemoration of veterans from the Nation's Armed Forces, fostering public support for the Indiana War Memorials. Through historical preservation and educational activities, the foundation promotes a deeper understanding of the veterans' contributions, encouraging civic engagement and respect for service members. The organization's work not only enhances awareness of military history but also strengthens community bonds through shared remembrance and gratitude.




This information is meant to be a general summary of Indiana War Memorials 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.

Revenue
$177,850 (2022)
Expenses
$228,561 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $64,221
  • Gross Receipts: $177,850

Assets and Liabilities:

  • Total Assets: $2,536,045
  • Total Liabilities: $654
  • Net Assets: $2,535,391

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Organization Details

Founding Year

2000

Principal Officer

Otto Frenzel Iv

Main Address

55 E Michigan Street, Indianapolis, IN, 46204

NTEE Category

Code: A84 - Arts

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