Overview
What is Monumental Sports & Entertainment Foundation?
The Monumental Sports & Entertainment Foundation is a charitable organization, established in 2013, based in Arlington, Virginia. Its primary objective is to support other nonprofits under IRS Section 501(c)(3), focusing on youth sports scholarships, health and fitness, and various philanthropic activities. Additionally, the foundation aids in promoting charitable initiatives for various Washington-based sports teams. Committed to its mission, the MSE Foundation offers financial aid and assistance to organizations that align with its goal of helping others. Its primary function involves providing monetary grants and resources to eligible organizations.
Official website here: www.monumentalfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating)
The Monumental Sports & Entertainment Foundation has received a two-star rating from Charity Navigator, indicating that there are areas needing significant improvement. Although the foundation boasts a strong program expense ratio of 72.55%, suggesting that a large portion of its expenses is directed toward its programs, it struggles with governance and accountability measures. Specifically, the board lacks independent members, which can raise concerns about transparency and decision-making.
In terms of accountability, the foundation has a comprehensive audit and oversight committee in place and has reported no material diversion of assets, which reflects positive fiscal responsibility. However, it falls short in several key policy areas, such as the absence of a whistleblower policy and a document retention policy, which are critical for organizational integrity. Additionally, the tax forms required to be posted on the nonprofit's website are missing, further emphasizing gaps in transparency.
Overall, while the Monumental Sports & Entertainment Foundation shows strengths in program spending and financial stability, its governance structure and lack of key policies present significant limitations. Addressing these issues could enhance trust and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Monumental Sports & Entertainment Foundation legitimate?
Monumental Sports & Entertainment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monumental Sports & Entertainment 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.monumentalfoundation.org
What is the mission statement of Monumental Sports & Entertainment Foundation?
The Monumental Sports & Entertainment Foundation is dedicated to supporting various IRS Section 501(c)(3) charities, focusing on youth sports scholarships, health and fitness, and other philanthropic activities. Established in 2013, the foundation aids organizations that align with its mission of assisting others. The Monumental Sports and Entertainment Foundation provides financial grants and assistance to these organizations, working towards its goal of charitable contributions.
Official website here: www.monumentalfoundation.org
Who is the CEO of Monumental Sports & Entertainment Foundation?
Jill Ruehle is the President & Executive Director of Monumental Sports & Entertainment Foundation.
Official website here: www.monumentalfoundation.org
What is the revenue of Monumental Sports & Entertainment Foundation?
Monumental Sports & Entertainment Foundation's revenue in 2023 was $1,755,926.
Official website here: www.monumentalfoundation.org
Who are the executives of Monumental Sports & Entertainment Foundation and what are their salaries?
There 126 volunteers at Monumental Sports & Entertainment Foundation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $170,793
- Other: $4,810
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- 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.monumentalfoundation.org
Where can I find the form 990 for Monumental Sports & Entertainment Foundation?
Monumental Sports & Entertainment Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.monumentalfoundation.org
Learn more at the official website: www.monumentalfoundation.org
Mission Statement of Monumental Sports & Entertainment Foundation
The Monumental Sports & Entertainment Foundation is an organization dedicated to supporting other IRS Section 501(c)(3) charities. Its mission lies in pursuing charitable initiatives in various fields, including youth sports scholarships, health and fitness, and other philanthropic activities. Established in 2013, this foundation is committed to offering monetary grants and assistance to organizations that align with its mission of helping others. The Monumental Sports & Entertainment Foundation is not just a financial supporter but also a vigilant advocate for causes that promote the well-being and growth of individuals and communities. Its charitable efforts extend beyond its headquarters, reaching out to make a positive impact on numerous causes.
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Impact
July, 2024
The Monumental Sports & Entertainment Foundation has made a significant impact by supporting various IRS Section 501(c)(3) charities focused on youth sports scholarships, health and fitness, and other philanthropic activities. Since its establishment in 2013, the foundation has been dedicated to providing monetary grants and assistance to organizations aligned with its mission of helping others. Through its support of Washington-based sports teams, the foundation has been instrumental in funding initiatives that benefit the community and promote the well-being of individuals. Its commitment to philanthropy has helped positively impact the lives of many, making a difference in youth development, health promotion, and charitable causes.
This information is meant to be a general summary of Monumental Sports & Entertainment 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.
- Investment Income: $8,249
- Gross Receipts: $2,391,083
Assets and Liabilities:
- Total Assets: $2,119,569
- Total Liabilities: $59,920
- Net Assets: $2,059,649
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Organization Details
Founding Year
2000
Phone
(202) 266-2380Principal Officer
Jill Ruehle
Main Address
627 NORTH GLEBE ROAD Suite 850, ARLINGTON, VA, 22203
Website
www.monumentalfoundation.orgNTEE Category
Code: T30 - Philanthropy
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