Overview
What is Veterans Relief Network Inc?
Veterans Relief Network Inc, located at 905 Joliet Street 387, Dyer, IN 46311, is a nonprofit organization dedicated to offering financial aid to U.S. military veterans encountering hardships. Established with the mission to support financially struggling veterans and their families, the organization provides relief for both medical and daily living expenses. With a small workforce of just two individuals, Veterans Relief Network Inc strives to alleviate the burden of escalating costs that may hinder the well-being of our nation's heroes.
Official website here: www.veteransreliefnetwork.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41%, Zero-Star out of Four Star rating.
Veterans Relief Network Inc has received a low rating of 41% from Charity Navigator, which indicates significant concerns regarding its financial practices. While the organization excels in having a fully independent board and shows no signs of material diversion of assets, it has failed to provide essential financial statements, resulting in a zero score in that category. This lack of transparency raises red flags about its financial health and accountability.
Strengths of the organization include its effective governance practices, demonstrated by adherence to conflict of interest and whistleblower policies, which are in place to protect the integrity of the organization. Additionally, the board meeting minutes are documented, indicating some level of operational oversight. However, the overall low program expense ratio of 10.88% suggests that a very small portion of its budget is being directed towards its charitable programs, which is a significant concern for potential donors.
In summary, while Veterans Relief Network Inc boasts strong governance characteristics, the absence of financial statements and minimal allocation of funds to programs undermine its credibility and operational effectiveness. Potential supporters should carefully consider these factors before contributing to the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Veterans Relief Network Inc legitimate?
Veterans Relief Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Veterans Relief Network 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:
Executive Compensation: $30,000
Professional Fundraising Fees: $896,539
Other Salaries and Wages: $22,229
For more financial information, click here
Official website here: www.veteransreliefnetwork.org
What is the mission statement of Veterans Relief Network Inc?
Veterans Relief Network Inc was established with the goal of providing financial aid to U.S. military veterans and their families who are facing financial hardships. The organization's financial assistance program is designed to support these heroes and their families when they find it challenging to cope with escalating costs, whether related to medical expenses or daily living necessities. The network offers financial assistance to U.S. military veterans encountering difficult times, to help alleviate their medical and daily living expenses.
Official website here: www.veteransreliefnetwork.org
What is the revenue of Veterans Relief Network Inc?
Veterans Relief Network Inc's revenue in 2023 was $1,301,100.
Official website here: www.veteransreliefnetwork.org
Who are the executives of Veterans Relief Network Inc and what are their salaries?
The average compensation at Veterans Relief Network Inc during 2023 was $26,114. There are 2 employees at Veterans Relief Network Inc.
Here are 4 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $21,644
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.veteransreliefnetwork.org
Where can I find the form 990 for Veterans Relief Network Inc?
Veterans Relief Network Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.veteransreliefnetwork.org
Learn more at the official website: www.veteransreliefnetwork.org
Mission Statement of Veterans Relief Network Inc
Veterans Relief Network Inc, a nonprofit organization, was established with a mission to extend financial aid to U.S. military veterans and their families who are encountering financial hardships. The organization's financial assistance program is designed to lend a helping hand to these heroes and their families when they find it challenging to manage escalating costs, be it due to medical expenses or everyday living expenses. The organization's primary role is to provide financial assistance to U.S. military veterans who are going through tough times, aiding them in covering their medical and daily living expenses.
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Impact
July, 2024
Veterans Relief Network Inc has a direct impact on the lives of U.S. military veterans and their families who are facing financial hardship. By providing crucial financial assistance, the organization supports these heroes during challenging times, ensuring they can cover essential expenses such as medical needs and daily living costs. Through their dedicated mission, Veterans Relief Network Inc plays a vital role in easing the burden on military veterans and their families, helping them navigate the increasing financial challenges they may encounter.
This information is meant to be a general summary of Veterans Relief Network 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.
- Gross Receipts: $1,301,100
Assets and Liabilities:
- Total Assets: $119,538
- Total Liabilities: $19,867
- Net Assets: $99,671
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Organization Details
Founding Year
2011
Principal Officer
Helen Ignas
NTEE Category
Code: P20 - Human services
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