Overview
What is Minnesota American Legion Foundation?
The Minnesota American Legion Foundation is a nonprofit organization situated in St. Paul, Minnesota. With a focus on 20 WEST 12TH ST 300A, their primary mission is to accumulate funds for programs that cater to the needs of Minnesota veterans and their families. These programs are not covered by traditional revenue sources. The foundation aims to bridge this gap, ensuring vital support for these individuals who have served their country. Their activities are geared towards accumulating a trust to provide much-needed assistance, enhancing the lives of Minnesota's veteran community and their families.
Official website here: www.mnlegion.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Minnesota American Legion Foundation has received a solid three-star rating from Charity Navigator, indicating a good performance in accountability and finance. The charity's overall score of 84% reflects a strong emphasis on financial governance, with notable strengths in having a majority of independent board members and a high program expense ratio of 98.28%, demonstrating effective use of funds for its mission.
The foundation excels in maintaining a clear and transparent financial structure, evidenced by its complete compliance in several key areas, such as financial statement reviews and the absence of material asset diversion. However, it has received some deductions for missing policies related to conflict of interest, whistleblower protections, and document retention, which are important for comprehensive governance.
Overall, while the Minnesota American Legion Foundation showcases robustness in its financial practices and programmatic focus, addressing the noted policy gaps could further enhance its accountability and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota American Legion Foundation legitimate?
Minnesota American Legion Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota American Legion 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.
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Official website here: www.mnlegion.org
What is the mission statement of Minnesota American Legion Foundation?
The Minnesota American Legion Foundation's mission is to establish a trust to fund programs that cater to the needs of veterans and their families in Minnesota. This initiative is aimed at providing support for initiatives that are not already funded through traditional revenue sources. The foundation's primary goal is to accumulate funds for programs that enhance the well-being of veterans and their families in the state. The foundation's activities primarily focus on funding programs that are not currently covered by conventional revenue streams.
Official website here: www.mnlegion.org
Who is the CEO of Minnesota American Legion Foundation?
Lloyd Ricker is the President of Minnesota American Legion Foundation.
Official website here: www.mnlegion.org
What is the revenue of Minnesota American Legion Foundation?
Minnesota American Legion Foundation's revenue in 2022 was $694,692.
Official website here: www.mnlegion.org
Who are the executives of Minnesota American Legion Foundation and what are their salaries?
There 8 volunteers at Minnesota American Legion Foundation.
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Official website here: www.mnlegion.org
Where can I find the form 990 for Minnesota American Legion Foundation?
Minnesota American Legion Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mnlegion.org
Learn more at the official website: www.mnlegion.org
Mission Statement of Minnesota American Legion Foundation
The Minnesota American Legion Foundation is a charitable organization with a mission to accumulate funds for programs that benefit Minnesota veterans and their families. This nonprofit is dedicated to providing financial support for initiatives that are not already funded through traditional revenue sources. By collecting and distributing resources, the Minnesota American Legion Foundation aims to enhance the lives of veterans and their families in Minnesota, ensuring that they have access to essential services and programs that may otherwise go unaddressed.
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Impact
July, 2024
Minnesota American Legion Foundation's impact can be seen in its dedication to funding programs for Minnesota veterans and their families. By accumulating a trust to support these initiatives, the foundation ensures that essential services are available to those who have served our country. Through their efforts, Minnesota veterans and their families receive support that may not have been available through traditional revenue sources. This commitment to serving those who have sacrificed for our country is a testament to the foundation's mission of providing public benefit to the community.
This information is meant to be a general summary of Minnesota American Legion 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: $21,487
- Gross Receipts: $1,455,924
Assets and Liabilities:
- Total Assets: $1,875,971
- Total Liabilities: $2,121
- Net Assets: $1,873,850
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Organization Details
Founding Year
1990
Phone
(651) 291-1800Principal Officer
Lloyd Ricker
Main Address
20 WEST 12TH ST 300A, ST PAUL, MN, 55155
Website
www.mnlegion.orgNTEE Category
Code: W123 - Public benefit
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