Overview
What is The Army And Navy Library Fund?
The Army and Navy Library Fund is a nonprofit organization dedicated to sustaining and enhancing the library facility at The Army and Navy Club in Washington, D.C. Their mission involves maintaining the library's operations, ensuring its upkeep, and acquiring new resources. This includes preserving and developing the library's book, furniture, and art collections for future generations to enjoy both aesthetically and intellectually. Their primary program involves managing the library at The Army and Navy Club, providing a resource for knowledge and enrichment for its members and the public at large.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star Rating)
The Army and Navy Library Fund has received a low rating of 33% from Charity Navigator, reflecting significant concerns in its accountability and finance practices. The rating is based exclusively on one beacon score, highlighting critical areas where the organization has failed to meet best practices, particularly in transparency and financial management.
On a positive note, the organization does have a fully independent board, with all ten members being independent, which is a strength in governance. Additionally, there has been no reported material diversion of assets, indicating that the organization is managing its resources correctly in that regard. However, the absence of essential policies, such as conflict of interest and whistleblower protections, raises questions about the organization's commitment to good governance practices.
The evaluation further reveals troubling financial ratios, including a low program expense ratio of 21.73%, suggesting that a significant portion of its funds is not directed towards its programs. Moreover, the liabilities to assets ratio of 37.27% points to potential financial instability. Overall, while the organization has strong governance features, the lack of transparency and poor financial practices detract from its overall effectiveness and ratings.
This AI summary has been generated from information found on Charity Navigator.
Is The Army And Navy Library Fund legitimate?
The Army And Navy Library Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Army And Navy Library Fund 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Army And Navy Library Fund?
The Army and Navy Library Fund is dedicated to maintaining and enhancing a library facility, ensuring its preservation and ongoing development for future generations. The collection includes books, furniture, and art, intended to provide both aesthetic and intellectual benefits. The fund's mission encompasses operating and maintaining this library at its Washington, D.C. location, with a focus on preserving and developing its resources for the benefit of all.
What is the revenue of The Army And Navy Library Fund?
The Army And Navy Library Fund's revenue in 2023 was $39,699.
Who are the executives of The Army And Navy Library Fund and what are their salaries?
There 6 volunteers at The Army And Navy Library Fund.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Army And Navy Library Fund?
The Army And Navy Library Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Army And Navy Library Fund
The Army and Navy Library Fund is dedicated to ensuring the operation, upkeep, and expansion of a library facility, enriching future generations with its book, furniture, and art collections. The organization's mission involves preserving and continuously developing these resources to offer both aesthetic and intellectual benefits. The Army and Navy Library Fund is responsible for managing the library located at The Army and Navy Club in Washington, D.C., maintaining its operations and upkeep for the benefit of all who will utilize it in the future.
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Impact
August, 2024
The Army and Navy Library Fund's impact is significant in preserving and developing the book, furniture, and art collections housed at The Army and Navy Club in Washington, DC. By providing for the operations, upkeep, and acquisition of the library facility, the fund plays a crucial role in ensuring the aesthetic and intellectual benefit of future generations. Through its programs, the Army and Navy Library Fund maintains a vital cultural and educational resource for the community.
This information is meant to be a general summary of The Army And Navy Library Fund. 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.
- Investment Income: $32,160
- Gross Receipts: $194,851
Assets and Liabilities:
- Total Assets: $1,111,504
- Total Liabilities: $414,305
- Net Assets: $697,199
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Organization Details
Founding Year
1982
Principal Officer
John Altenburg
NTEE Category
Code: B76I - Education
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