Overview
What is Operation Initiative Foundation?
Operation Initiative Foundation is a nonprofit organization situated in Lindenhurst, New York, with an address at CO Louis Falco 160 Newark St. Their primary mission is to assist military veterans and their families in coping with Post-Traumatic Stress Disorder (PTSD). They accomplish this by facilitating access to necessary medical attention beyond what's provided by government assistance and covering the associated costs for these treatments. By doing so, Operation Initiative Foundation aims to provide essential support to those who have served our country and are dealing with the challenges of PTSD.
Official website here: www.operation-initiative.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 16%
Operation Initiative Foundation has received a low rating of 16%, resulting in a Zero-Star out of Four Stars designation. This score reflects significant concerns regarding the organization's accountability and financial practices. The lack of independent board members, alongside missing policies for conflict of interest, whistleblowing, and document retention, raises questions about governance and transparency.
Among the few positive aspects, the foundation has demonstrated no material diversion of assets and maintains proper documentation of board meeting minutes. However, the overall financial health appears weak, highlighted by a program expense ratio of only 49.05%, indicating that less than half of its expenditures are directed towards its programs.
Potential donors and supporters should approach Operation Initiative Foundation with caution, as the missing policies and lack of independent oversight may hinder the organization's effectiveness and reliability in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Operation Initiative Foundation legitimate?
Operation Initiative Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operation Initiative 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.operation-initiative.com
What is the mission statement of Operation Initiative Foundation?
The Operation Initiative Foundation's mission is centered around assisting military veterans and their families in managing Post Traumatic Stress Disorder (PTSD). This is achieved by facilitating their access to additional medical attention beyond what is provided by government assistance and directly covering the associated treatment costs. The organization aims to contribute significantly to the well-being of these individuals, helping them cope and live more fulfilling lives.
Official website here: www.operation-initiative.com
What is the revenue of Operation Initiative Foundation?
Operation Initiative Foundation's revenue in 2024 was $13,010.
Official website here: www.operation-initiative.com
Who are the executives of Operation Initiative Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.operation-initiative.com
Where can I find the form 990 for Operation Initiative Foundation?
Operation Initiative Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.operation-initiative.com
Learn more at the official website: www.operation-initiative.com
Mission Statement of Operation Initiative Foundation
Operation Initiative Foundation, a nonprofit organization, is dedicated to assisting military veterans and their families in addressing Post-Traumatic Stress Disorder (PTSD). Recognizing that government assistance may not always suffice, this organization steps in to facilitate additional medical attention and directly cover the associated costs for these treatments. Its mission is to provide a much-needed safety net for those who have served their country, ensuring they receive the necessary care to cope with the challenges of PTSD.
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Impact
August, 2024
Operation Initiative Foundation's impact is significant in assisting military veterans and their families in addressing post-traumatic stress disorder (PTSD). By providing direct support to help these individuals obtain additional medical attention beyond what is offered by government assistance programs, the foundation plays a crucial role in ensuring that veterans receive the necessary treatments they need to cope with and overcome PTSD. Through their efforts, Operation Initiative Foundation is making a tangible difference in the lives of those who have served their country, helping them access the care and support they deserve.
This information is meant to be a general summary of Operation Initiative 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 2024.
- Gross Receipts: $13,010
Assets and Liabilities:
- Total Assets: $7,881
- Total Liabilities: $0
- Net Assets: $7,881
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Organization Details
Founding Year
2013
Principal Officer
Louis Falco
Website
www.operation-initiative.comNTEE Category
Code: P99 - Human services
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