Overview
What is Colonial Flag Foundation?
The Colonial Flag Foundation, established in Utah, is a nonprofit organization renowned for its patriotism-promoting activities. With a team of four dedicated individuals, they have set up over 1,000 fields displaying approximately 90,000 flags. Their mission is multifaceted, encompassing education about flags, charitable activities, and fostering values symbolized by state and national flags. Through their efforts, they aim to cultivate civic education, issue awareness, and unity within communities. The foundation serves as a catalyst for volunteerism and education, ultimately fostering a sense of fundraising and unity among the local populace.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating. This rating reflects the Colonial Flag Foundation's accountability and financial health. The score indicates that the organization is generally well-managed in terms of its financial practices, particularly with a perfect score in board independence and governance policies.
The foundation has demonstrated strong financial responsibility with a program expense ratio of 97.96%, suggesting that a significant portion of its funds is directed towards its mission-related programs. Additionally, there are no reported material diversions of assets, further underscoring the organization's commitment to transparency and effective management.
However, the organization does face challenges, particularly highlighted by its liabilities to assets ratio of 690.53%, which may be a concern for potential donors. This high ratio indicates that the foundation has significantly more liabilities than assets, which could impact its financial sustainability moving forward. Overall, while Colonial Flag Foundation has strengths in governance and program spending, its financial leverage may warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Colonial Flag Foundation legitimate?
Colonial Flag Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colonial Flag 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: $121,015
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Colonial Flag Foundation?
The Colonial Flag Foundation's mission is centered around promoting education about flags and engaging in charitable activities that align with the values symbolized by state and national flags. Their primary objective is to foster patriotism, civic education, and issue awareness within communities. Their programs serve as catalysts for volunteerism, education, unity, and fundraising. They have showcased their cause by hosting over a thousand fields displaying over 90,000 flags.
What is the revenue of Colonial Flag Foundation?
Colonial Flag Foundation's revenue in 2023 was $420,921.
Who are the executives of Colonial Flag Foundation and what are their salaries?
The average compensation at Colonial Flag Foundation during 2023 was $30,254. There are 4 employees at Colonial Flag Foundation.
Here are 11 key members and their salaries:
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- Compensation: $27,783
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- Compensation: $55,632
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- Compensation: $24,284
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Where can I find the form 990 for Colonial Flag Foundation?
Colonial Flag Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Colonial Flag Foundation
The Colonial Flag Foundation, a nonprofit organization, is dedicated to promoting education about flags and carrying out charitable activities that embody the values symbolized by state and national flags. Their mission is threefold: to instill patriotism, encourage civic education, and raise awareness on various issues within communities. They achieve this through their programs, which act as catalysts for volunteerism, education, unity, and fundraising. The Colonial Flag Foundation has hosted over a thousand fields, displaying over 90,000 flags, a testament to their commitment to spreading awareness and fostering a sense of unity among the public.
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Impact
July, 2024
Colonial Flag Foundation has made a significant impact by promoting education about flags and providing charitable activities related to the values symbolized by state and national flags. Through hosting more than 1,000 fields displaying over 90,000 flags, the foundation has been able to bring patriotism, civic education, and issue awareness to communities. Their programs serve as catalysts to volunteerism, education, unity, and fundraising efforts, making a tangible difference in spreading awareness and fostering a sense of patriotism among the population.
This information is meant to be a general summary of Colonial Flag 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 2023.
- Program Service Revenue: $420,859
- Gross Receipts: $420,921
Assets and Liabilities:
- Total Assets: $35,165
- Total Liabilities: $242,826
- Net Assets: -$207,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALING FIELDS
Revenue
$420,859
Organization Details
Founding Year
2003
Principal Officer
Paul Swenson
NTEE Category
Code: V192 - Social research
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