Overview
What is Soldiers Field Veteran's Memorial Inc?
Soldiers Field Veteran's Memorial Inc is a nonprofit organization situated in Rochester, Minnesota, with an address at 415 3rd Ave SE. Their primary mission is to promote patriotism, honor, and support for veterans. This is achieved by building and maintaining a memorial dedicated to veterans, as well as offering ongoing support for both current and former servicemen and women. The organization's activities include working towards the upkeep of the memorial, as well as providing various forms of assistance to veterans throughout their lifetimes.
Official website here: www.soldiersfieldmemorial.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Soldiers Field Veteran's Memorial Inc has received a rating of 76%, indicating a moderate level of financial accountability and transparency. The charity's overall score is derived from its accountability and finance metrics, showcasing a strong commitment to ethical practices, particularly with a full score in areas such as independent board membership and the absence of asset diversion.
Strengths of the organization include a high program expense ratio of 98.44%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative expenses. The organization boasts a fully independent board, scoring 10 out of 10 in this aspect, demonstrating effective governance and oversight.
However, there are some limitations noted in the evaluation, specifically related to the absence of certain policies such as a conflict of interest policy and a whistleblower policy. These missing elements could raise concerns regarding the organization's internal controls and transparency in its operations. Overall, while Soldiers Field Veteran's Memorial Inc shows strong financial health and accountability, addressing these policy gaps could enhance its standing further.
This AI summary has been generated from information found on Charity Navigator.
Is Soldiers Field Veteran's Memorial Inc legitimate?
Soldiers Field Veteran's Memorial Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soldiers Field Veteran's Memorial 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:
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Official website here: www.soldiersfieldmemorial.org/
What is the mission statement of Soldiers Field Veteran's Memorial Inc?
The mission of Soldiers Field Veteran's Memorial Inc is focused on building and maintaining a memorial to honor veterans, both current and those from the past. This organization also extends its support to veterans beyond the memorial, aiming to promote patriotism and honor towards them. Their activities involve granting funds to promote these objectives, ensuring the upkeep of the Soldiers Field Memorial. The primary aim is to showcase respect and support towards the veterans community.
Official website here: www.soldiersfieldmemorial.org/
Who is the CEO of Soldiers Field Veteran's Memorial Inc?
Terry Throndson is the President of Soldiers Field Veteran's Memorial Inc.
Official website here: www.soldiersfieldmemorial.org/
What is the revenue of Soldiers Field Veteran's Memorial Inc?
Soldiers Field Veteran's Memorial Inc's revenue in 2021 was $28,301.
Official website here: www.soldiersfieldmemorial.org/
Who are the executives of Soldiers Field Veteran's Memorial Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.soldiersfieldmemorial.org/
Where can I find the form 990 for Soldiers Field Veteran's Memorial Inc?
Soldiers Field Veteran's Memorial Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.soldiersfieldmemorial.org/
Learn more at the official website: www.soldiersfieldmemorial.org/
Mission Statement of Soldiers Field Veteran's Memorial Inc
Soldiers Field Veterans' Memorial Inc is committed to a mission that encompasses both building and maintaining a memorial for veterans, as well as offering support to both current and former servicemembers. Their primary objective is to foster patriotism, honor, and showcase appreciation for veterans by maintaining the Soldiers Field Memorial. Through grants, this nonprofit organization aims to carry out its mission, promoting a sense of reverence and respect for the sacrifices made by veterans.
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Impact
August, 2024
Soldiers Field Veteran's Memorial Inc has a significant impact on the community by honoring and supporting veterans both current and older. Through their efforts to build and maintain the veterans' memorial, they promote patriotism and ensure that the sacrifices of veterans are remembered and respected. Additionally, their grants help to support veterans in need, further contributing to the well-being of those who have served their country. Overall, Soldiers Field Veteran's Memorial Inc plays a crucial role in fostering a sense of gratitude and support for veterans in the Rochester, MN area.
This information is meant to be a general summary of Soldiers Field Veteran's Memorial 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 2021.
- Investment Income: $889
- Gross Receipts: $28,301
Assets and Liabilities:
- Total Assets: $134,579
- Total Liabilities: $300
- Net Assets: $134,279
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Organization Details
Founding Year
1996
Phone
(507) 282-9488Principal Officer
Terry Throndson
Main Address
415 3RD AVE SE, ROCHESTER, MN, 55904
NTEE Category
Code: A80 - Arts
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