Overview
What is Us Navy Memorial Foundation?
The Us Navy Memorial Foundation, based in Washington D.C., is a dedicated nonprofit organization with a mission to honor, recognize, and celebrate the noble service of individuals who have served in the U.S. Navy, Marine Corps, Coast Guard, and Merchant Marine. They achieve this through various commemorative events, reunion meetings, ceremonies, concerts, film and video presentations, photographic and data collections, special events, and exhibits. The Foundation's visitor center serves as a platform for educating the public about the crucial role these sea services play in our national security and the rich maritime history of the United States. With a team of 32 employees, the Us Navy Memorial Foundation upholds this mission with fervor.
Official website here: www.navymemorial.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 89% - Three-Star out of Four Star Rating
The Us Navy Memorial Foundation has earned a solid Three-Star rating from Charity Navigator, reflecting a commitment to accountability and financial health. The organization scored particularly high in Leadership and Adaptability, demonstrating effective governance with 95% of its board members being independent and an exemplary financial oversight structure. The foundation has focused on aligning its programs with clear strategic goals, such as enhancing visitor engagement and expanding online offerings.
Strengths noted include a strong program expense ratio and a clean financial record with no material diversion of assets. The foundation has effectively utilized its resources to ensure that a significant portion of its expenditures directly supports its mission-driven programs. Additionally, it has demonstrated a proactive approach in adapting to external challenges, especially during the pandemic by pivoting towards online programming to maintain engagement and revenue.
However, there are areas for improvement, particularly in fundraising efficiency and working capital ratios, which could benefit from closer scrutiny. The foundation's fundraising efficiency ratio indicates room for growth, and the working capital ratio suggests that it may face challenges in liquidity. Overall, while the Us Navy Memorial Foundation shows significant strengths in governance and mission alignment, addressing these financial ratios would enhance its long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Us Navy Memorial Foundation legitimate?
Us Navy Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Us Navy Memorial 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: $407,510
Professional Fundraising Fees: $305,000
Other Salaries and Wages: $1,129,825
For more financial information, click here
Official website here: www.navymemorial.org
What is the mission statement of Us Navy Memorial Foundation?
The US Navy Memorial Foundation's mission is centered around honoring, recognizing, and celebrating the men and women who have served in the sea services, including the United States Navy, Marine Corps, Coast Guard, and Merchant Marine. Their objective is to educate the public about the significant contributions made by these individuals during their service. The foundation aims to inspire the American people by highlighting the crucial role the sea services play in the nation's security and the country's maritime history.
Official website here: www.navymemorial.org
Who is the CEO of Us Navy Memorial Foundation?
Rear Adm Frank Thorp Iv is the Principal Officer of Us Navy Memorial Foundation. The CEO's salary of Us Navy Memorial Foundation is $245,697 and their total compensation is $251,997.
Official website here: www.navymemorial.org
What is the revenue of Us Navy Memorial Foundation?
Us Navy Memorial Foundation's revenue in 2022 was $5,265,255.
Official website here: www.navymemorial.org
Who are the executives of Us Navy Memorial Foundation and what are their salaries?
The average compensation at Us Navy Memorial Foundation during 2022 was $48,042. There are 32 employees and 2 volunteers at Us Navy Memorial Foundation.
Here are 24 key members and their salaries (Us Navy Memorial Foundation's CEO's salary is $245,697 and their total compensation is $251,997):
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- Other: $3,150
Official website here: www.navymemorial.org
Where can I find the form 990 for Us Navy Memorial Foundation?
Us Navy Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.navymemorial.org
Learn more at the official website: www.navymemorial.org
Mission Statement of Us Navy Memorial Foundation
The United States Navy Memorial Foundation's mission is centered around honoring, recognizing, and celebrating the valiant men and women who have served in the Sea Services. This includes the United States Navy, Marine Corps, Coast Guard, and Merchant Marine. The organization aims to shed light on the significant contributions these individuals have made during their service. Beyond just recognition, the Navy Memorial also serves as an educational platform, aiming to inspire the American public about the crucial role that the Sea Services play in maintaining our national security and preserving the rich maritime history of the United States.
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Impact
July, 2024
The impact of the US Navy Memorial Foundation is profound in honoring, recognizing, and celebrating the men and women of the sea services. By informing the public about the service of those in the United States Navy, Marine Corps, Coast Guard, and Merchant Marine, the foundation educates and inspires people about the vital role the sea services play in national security and the rich maritime history of the United States. Through activities such as commemorative ceremonies, reunion meetings, band concerts, and exhibits, the foundation ensures that the contributions of these individuals are not forgotten and are properly acknowledged.
This information is meant to be a general summary of Us Navy Memorial 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 2022.
- Investment Income: $73,168
- Program Service Revenue: $451,523
- Gross Receipts: $5,757,340
Assets and Liabilities:
- Total Assets: $3,653,828
- Total Liabilities: $2,069,822
- Net Assets: $1,584,006
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VISITOR CENTER
Revenue
$266,101
NAVY CEREMONY
Revenue
$185,422
Organization Details
Founding Year
1977
Phone
(202) 380-0762Principal Officer
Rear Adm Frank Thorp Iv
Main Address
701 PENNSYLVANIA AVENUE NW 123, WASHINGTON, DC, 20004
Website
www.navymemorial.orgNTEE Category
Code: A800 - Arts
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