Overview
What is Minnesota Military Family Foundation?
The Minnesota Military Family Foundation, established in November 2004, is a community-driven organization based in Golden Valley, Minnesota. This nonprofit aims to alleviate the financial burdens faced by military families, particularly during deployments, by offering a financial safety net. The organization achieves this by distributing grants to eligible families in need. The foundation collaborates closely with Soldier and Family Readiness Specialists (SFRS), who communicate directly with military members and their families, submitting requests and outlining their financial hardships. The foundation then steps in to cover various expenses such as mortgages, rent, utilities, car payments, medical bills, and other necessities on behalf of the service members. The purpose of the foundation is to provide timely financial assistance to currently serving and deployed Minnesota National Guard and armed forces personnel and their families who encounter financial crises unsupported by existing state or federal programs.
Official website here: www.minnesotamilitaryfamilyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Minnesota Military Family Foundation has achieved a high rating of 96%, demonstrating exceptional accountability and financial management. This rating is based entirely on a strong score in the Accountability & Finance category, underscoring the charity's commitment to transparency and responsible financial practices as of the most recent fiscal year, FY2023.
The organization boasts an impressive structure, with a fully independent board consisting of 11 members, and it excels in several key areas such as having a robust audit and oversight committee. It also has solid policies in place regarding conflicts of interest and whistleblower protections, ensuring ethical governance. Notably, the foundation allocates a significant portion of its resources, 94.76%, directly to its programs, indicating a strong focus on mission-driven expenses.
While the foundation performs excellently overall, it has been noted that the tax form is not posted on the nonprofit's website as required by IRS Form 990, which slightly detracts from its overall transparency. Nonetheless, the Minnesota Military Family Foundation maintains a strong standing in the nonprofit sector, particularly in supporting military families.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Military Family Foundation legitimate?
Minnesota Military Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Military Family 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.minnesotamilitaryfamilyfoundation.org
What is the mission statement of Minnesota Military Family Foundation?
The Minnesota Military Family Foundation's mission is centered around providing financial aid to members of the National Guard and armed forces who are currently serving or have been deployed. In the event of a financial crisis not covered by existing state or federal programs, the foundation offers timely financial assistance. This community-supported organization, established in November 2004, receives contributions from individuals recognizing the sacrifices made by military families. The foundation distributes funds, primarily through grants, to eligible families in Minnesota, alleviating financial burdens such as mortgage payments, rent, utilities, car payments, and medical bills. The foundation collaborates closely with Soldier and Family Readiness Specialists, who communicate directly with military members and their families, and then forward their financial needs to the foundation for assistance.
Official website here: www.minnesotamilitaryfamilyfoundation.org
Who is the CEO of Minnesota Military Family Foundation?
Susan Kennedy is the President of Minnesota Military Family Foundation.
Official website here: www.minnesotamilitaryfamilyfoundation.org
What is the revenue of Minnesota Military Family Foundation?
Minnesota Military Family Foundation's revenue in 2022 was $1,226,671.
Official website here: www.minnesotamilitaryfamilyfoundation.org
Who are the executives of Minnesota Military Family Foundation and what are their salaries?
There 20 volunteers at Minnesota Military Family Foundation.
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Official website here: www.minnesotamilitaryfamilyfoundation.org
Where can I find the form 990 for Minnesota Military Family Foundation?
Minnesota Military Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.minnesotamilitaryfamilyfoundation.org
Learn more at the official website: www.minnesotamilitaryfamilyfoundation.org
Mission Statement of Minnesota Military Family Foundation
Minnesota Military Family Foundation, established in November 2004, is a community-supported fund with a mission to provide timely financial assistance to deployed and currently serving Minnesota National Guard and armed forces personnel and their families who are experiencing a financial crisis not covered by existing state or federal programs. The foundation recognizes the sacrifices made by military families and aims to alleviate the financial hardships that may arise, particularly when a family member is deployed, by serving as a financial safety net. The Minnesota Military Family Foundation distributes funds, in the form of grants, to eligible Minnesota military families in need. The foundation works closely with Soldier and Family Readiness Specialists (SFRS), who communicate directly with military members and their families and submit requests for financial assistance to the foundation, providing details of the service members' financial needs. The foundation then steps in to pay for a variety of expenses, such as mortgage payments, rent, utilities, car payments, and medical bills, on behalf of the service members.
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Impact
July, 2024
Minnesota Military Family Foundation's impact is significant in providing timely financial assistance to deployed and currently serving Minnesota military personnel and their families who are facing financial crises not covered by existing state or federal programs. Through grants, the foundation helps soften the financial hardships that military families experience, especially during deployments, by offering a financial safety net. This support includes paying for mortgage payments, rents, utilities, car payments, medical bills, and other essential needs on behalf of service members, ultimately easing the burden on military families and ensuring they can focus on their service to the nation. The foundation's collaboration with Soldier and Family Readiness Specialists ensures that assistance reaches those in need efficiently and effectively, making a tangible difference in the lives of Minnesota's military community.
This information is meant to be a general summary of Minnesota Military Family 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: $49,055
- Gross Receipts: $8,773,767
Assets and Liabilities:
- Total Assets: $8,517,886
- Total Liabilities: $26,825
- Net Assets: $8,491,061
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Organization Details
Founding Year
1995
Phone
(763) 544-2255Principal Officer
Susan Kennedy
Main Address
620 MENDELSSOHN AVE NORTH 130, GOLDEN VALLEY, MN, 55427
NTEE Category
Code: T31 - Philanthropy
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