Overview
What is Friends Of National Guard & Reserve Familiesinc?
Friends of National Guard & Reserve Familiesinc Dba Military Friends Fnds is a compassionate nonprofit organization situated in Swampscott, Massachusetts. With a modest workforce of two individuals, they are dedicated to supporting military families, veterans, and families of fallen service members and first responders. Their mission is to recognize and honor the distinctive sacrifices made by Massachusetts' military personnel and their loved ones. To achieve this, they provide direct grant programs, community events, and case management services to eligible families facing financial hardships due to military service. The organization's primary approach is to evaluate individual grant requests and offer financial aid through third parties, ensuring that the necessary support reaches those who need it most.
Official website here: www.militaryfriends.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
Friends Of National Guard & Reserve Families, also known as Military Friends Funds, has received a solid rating of 87%, reflecting its effective management and strong financial practices. The organization excels particularly in leadership and adaptability, scoring a perfect 100 in this category. Additionally, it boasts 100% independent board members and strong oversight mechanisms, contributing to its overall accountability.
However, there are some areas for improvement, specifically regarding governance policies. The charity lacks a whistleblower policy and a document retention and destruction policy, which are critical for transparency and risk management. Despite these omissions, the organization maintains a healthy financial position with a low liabilities to assets ratio and a strong program expense ratio, indicating that a significant portion of its resources is directed toward its mission.
Overall, while Friends Of National Guard & Reserve Families demonstrates strong financial health and governance practices, addressing the noted policy gaps could enhance its credibility and operational effectiveness even further.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of National Guard & Reserve Familiesinc legitimate?
Friends Of National Guard & Reserve Familiesinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of National Guard & Reserve Familiesinc 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: $109,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,360
For more financial information, click here
Official website here: www.militaryfriends.org
What is the mission statement of Friends Of National Guard & Reserve Familiesinc?
Friends of National Guard & Reserve Familiesinc Dba Military Friends Fnds, as an organization, recognizes and honors the significant contributions and sacrifices made by military personnel and their families, including those of fallen service members and first responders. Their mission is to extend support to eligible families who have encountered hardships due to military service. This is achieved through various means, such as direct grant programs, community events, and case management services. The organization offers financial aid to families in need, typically by paying grants to third parties on their behalf.
Official website here: www.militaryfriends.org
Who is the CEO of Friends Of National Guard & Reserve Familiesinc?
Sgm James Kelly is the Exec Dir of Friends Of National Guard & Reserve Familiesinc.
Official website here: www.militaryfriends.org
What is the revenue of Friends Of National Guard & Reserve Familiesinc?
Friends Of National Guard & Reserve Familiesinc's revenue in 2022 was $928,265.
Official website here: www.militaryfriends.org
Who are the executives of Friends Of National Guard & Reserve Familiesinc and what are their salaries?
The average compensation at Friends Of National Guard & Reserve Familiesinc during 2022 was $68,961. There are 2 employees and 250 volunteers at Friends Of National Guard & Reserve Familiesinc.
Here are 4 key members and their salaries:
- Compensation: $98,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.militaryfriends.org
Where can I find the form 990 for Friends Of National Guard & Reserve Familiesinc?
Friends Of National Guard & Reserve Familiesinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.militaryfriends.org
Learn more at the official website: www.militaryfriends.org
Mission Statement of Friends Of National Guard & Reserve Familiesinc
Friends of National Guard & Reserve Familiesinc Dba Military Friends Fnds, a nonprofit organization, recognizes the significant contributions and sacrifices made by Massachusetts military personnel and families of the fallen and first responders. Their mission, in essence, is to offer support and aid to these families who have encountered hardships due to military service. They accomplish this through various channels, including direct grant programs, community events, and case management services.
The organization's primary objective is to extend assistance to eligible families who have been impacted by financial difficulties related to military service. To achieve this, Military Friends Fnds evaluates each grant request meticulously, making decisions to provide financial aid when necessary. These grants are usually channeled to third parties, acting on behalf of the service members and their families. Besides grants, the organization also hosts numerous programs designed to benefit military families, veterans, families of fallen service members, and first responders. These programs are tailored to address the unique needs of these groups, offering them the support they deserve.
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Impact
July, 2024
Friends Of National Guard & Reserve Familiesinc Dba Military Friends Fnds has a significant impact on the lives of Massachusetts Military families, veterans, families of fallen service members, and first responders. Through direct grant programs, community support events, case management services, and various grants tailored to meet specific needs, the organization provides crucial assistance and support to those who have made unique contributions and sacrifices for their community and country. Each direct grant request is carefully evaluated before approval, ensuring that the resources are effectively allocated to those in need. In essence, Military Friends Fnds plays a vital role in supporting and honoring those who have dedicated themselves to serving and protecting others.
This information is meant to be a general summary of Friends Of National Guard & Reserve Familiesinc. 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.
- Gross Receipts: $928,265
Assets and Liabilities:
- Total Assets: $1,868,658
- Total Liabilities: $210,968
- Net Assets: $1,657,690
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Organization Details
Founding Year
2003
Phone
(844) 357-8387Principal Officer
Sgm James Kelly
Main Address
212 Humphrey Street, Swampscott, MA, 01907
Website
www.militaryfriends.orgNTEE Category
Code: T30 - Philanthropy
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