Overview
What is Impacting Veterans Lives Inc?
Impacting Veterans Lives Inc, doing business as Midwest Veterans Closet, is a nonprofit organization situated in Wadsworth, Illinois. With a team of four individuals, they are committed to supporting veterans and their families. Their primary focus lies in offering rapid assistance, providing free clothing, training, food, and essential household items. Acting as a drop-in center, this charity aims to alleviate the needs of active and retired military personnel, ensuring they have the resources required to maintain a stable living situation.
Official website here: www.midwestveteranscloset.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
Impacting Veterans Lives Inc, doing business as Midwest Veterans Closet, has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization scored 90% overall, with its rating primarily derived from its excellent performance in accountability and finance, showcasing effective management and transparency.
The charity demonstrates a robust structure with a fully independent board, ensuring that all members are free from conflicts of interest. Their financial practices are commendable, highlighted by a high program expense ratio of 96.55%, which means the majority of its funds go directly to its mission of supporting veterans. Additionally, the financial oversight and lack of material diversion of assets underscore the organization’s integrity.
However, there are notable limitations, particularly the absence of a conflict of interest policy, whistleblower policy, and document retention policy, which could impact governance practices. Despite these shortcomings, the overall financial health and commitment to transparency position Midwest Veterans Closet as a reputable organization dedicated to bettering the lives of veterans.
This AI summary has been generated from information found on Charity Navigator.
Is Impacting Veterans Lives Inc legitimate?
Impacting Veterans Lives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Impacting Veterans Lives 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: $94,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,800
For more financial information, click here
Official website here: www.midwestveteranscloset.org
What is the mission statement of Impacting Veterans Lives Inc?
Impacting Veterans Lives Inc, operating as Midwest Veterans Closet, serves as a rapid response charity, providing support to active and retired military personnel and their families. Its mission is to offer a drop-in center where essential items such as clothing, food, and household items are provided free of charge. Furthermore, the organization provides training and assists in job search activities, all aimed at improving the lives of these veterans and their families.
Official website here: www.midwestveteranscloset.org
Who is the CEO of Impacting Veterans Lives Inc?
Mary Carmody is the Executive Dir. of Impacting Veterans Lives Inc.
Official website here: www.midwestveteranscloset.org
What is the revenue of Impacting Veterans Lives Inc?
Impacting Veterans Lives Inc's revenue in 2022 was $1,926,928.
Official website here: www.midwestveteranscloset.org
Who are the executives of Impacting Veterans Lives Inc and what are their salaries?
The average compensation at Impacting Veterans Lives Inc during 2022 was $24,825. There are 4 employees and 400 volunteers at Impacting Veterans Lives Inc.
Here are 12 key members and their salaries:
- Compensation: $48,000
- Related: $0
- Other: $0
- Compensation: $34,500
- Related: $0
- Other: $0
- Compensation: $12,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.midwestveteranscloset.org
Where can I find the form 990 for Impacting Veterans Lives Inc?
Impacting Veterans Lives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midwestveteranscloset.org
Learn more at the official website: www.midwestveteranscloset.org
Mission Statement of Impacting Veterans Lives Inc
Impacting Veterans Lives Inc, operating under the name Midwest Veterans Closet, is a swift-acting charity dedicated to providing support for active and retired military personnel and their families. The organization serves as a drop-in center, offering a range of free services to cater to their needs. At Midwest Veterans Closet, veterans can find essential items such as clothing, food, and household supplies without incurring any costs. Furthermore, the charity assists these individuals in their job search activities, providing them with the necessary resources to reintegrate into civilian life. By offering these services for free, Midwest Veterans Closet aims to make a significant impact on the lives of veterans and their families, providing them with the resources they need to overcome challenges and thrive.
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Impact
July, 2024
Impacting Veterans Lives Inc Dba Midwest Veterans Closet is making a profound impact on the lives of active and retired military personnel and their families. By offering a range of essential services such as free clothing, training, food, and household items, they provide much-needed support to those who have served our country. Additionally, their assistance in job search activities helps veterans transition back into civilian life with dignity and purpose. This organization's mission to serve and uplift veterans exemplifies their commitment to making a tangible difference in the lives of those who have sacrificed so much for our nation.
This information is meant to be a general summary of Impacting Veterans Lives 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 2022.
- Investment Income: $42
- Program Service Revenue: $6,560
- Gross Receipts: $1,926,928
Assets and Liabilities:
- Total Assets: $1,101,903
- Total Liabilities: $3,233
- Net Assets: $1,098,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Miscellaneous income
Revenue
$6,560
Organization Details
Founding Year
2014
Phone
(847) 354-2108Principal Officer
Mary Carmody
Main Address
PO Box 278, Wadsworth, IL, 60083
NTEE Category
Code: W30 - Public benefit
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