Overview
What is Racine Area Veterans Inc?
Racine Area Veterans Inc, based in Racine, Wisconsin, is a nonprofit organization situated at 820 Main Street. Their primary mission involves preserving military history through a dedicated museum, advocating for and supporting both past and present military personnel. Beyond this, they also engage in cultural and educational activities and events, aiming to benefit veterans, their families, and the wider community. Furthermore, Racine Area Veterans Inc offers a meeting place for various veterans' organizations and provides assistance to individual veterans in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
Racine Area Veterans Inc has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization has zero independent board members, which raises questions about governance and oversight. While there are no reported material diversions of assets, the lack of essential policies such as conflict of interest, whistleblower, and document retention policies significantly detracts from its accountability score.
Despite its shortcomings in governance, Racine Area Veterans Inc shows a strong commitment to its mission, with a 100% program expense ratio. This suggests that all of its expenditures are directed toward its programs, which is a positive sign for potential donors. However, the absence of publicly available governance documents, including meeting minutes and tax forms on its website, may hinder transparency and trust among its supporters.
In summary, while Racine Area Veterans Inc demonstrates a focus on its programs, the lack of independent oversight and essential governance policies presents serious limitations. Prospective donors should weigh these factors carefully when considering their support.
This AI summary has been generated from information found on Charity Navigator.
Is Racine Area Veterans Inc legitimate?
Racine Area Veterans Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racine Area Veterans 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.
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What is the mission statement of Racine Area Veterans Inc?
Racine Area Veterans Inc, as an organization, is dedicated to preserving military history through its museum and serving both past and current military personnel. It represents and supports these individuals, fostering a sense of community. Furthermore, Racine Area Veterans Inc engages in cultural and educational activities, organizing events that benefit not only veterans but also their families. The organization's mission extends to providing a meeting place for local Veterans Organizations and offering assistance to individual veterans in need.
Who is the CEO of Racine Area Veterans Inc?
William May is the Vice President of Racine Area Veterans Inc.
What is the revenue of Racine Area Veterans Inc?
Racine Area Veterans Inc's revenue in 2023 was $38,561.
Who are the executives of Racine Area Veterans Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Racine Area Veterans Inc?
Racine Area Veterans Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Racine Area Veterans Inc
Racine Area Veterans Inc, a nonprofit organization, is dedicated to preserving military history through its museum and extending support to both past and present military personnel. The nonprofit's mission is multifaceted, encompassing representation and advocacy for military personnel, as well as promoting cultural and educational activities and events. These initiatives are designed to benefit not only the veterans themselves but also their families and the wider community. Furthermore, Racine Area Veterans Inc acts as a hub for various veterans' organizations, providing them with a meeting place. Additionally, the nonprofit offers assistance to individual veterans, extending its support beyond just ceremonial and educational activities.
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Impact
August, 2024
Racine Area Veterans Inc, also known as RAVI, has a significant impact on the community by maintaining a museum of military history, supporting past and present military personnel, and promoting cultural and educational activities for veterans, their families, and the community. Through sponsored museum exhibits and providing a meeting place for area Veterans Organizations, RAVI plays a vital role in preserving and honoring the military heritage of the region. Additionally, the organization offers assistance to individual veterans, further enhancing their quality of life and well-being. Overall, RAVI's dedication to serving veterans and their families contributes to fostering a sense of community, gratitude, and support for those who have served our country.
This information is meant to be a general summary of Racine Area Veterans 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 2023.
- Investment Income: $11
- Gross Receipts: $55,147
Assets and Liabilities:
- Total Assets: $589,226
- Total Liabilities: $83,854
- Net Assets: $505,372
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Organization Details
Principal Officer
William May
Main Address
820 Main Street, Racine, WI, 53403
NTEE Category
Code: A54 - Arts
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