Overview
What is Society Of Sponsors Of The United States Navy?
The Society of Sponsors of the United States Navy is a nonprofit organization based in Vienna, Virginia. Their primary mission is to foster appreciation for the U.S. Navy by granting scholarships and supporting related programs. The organization follows recommendations from the Naval Academy Alumni Foundation and manages Centennial Scholarships in collaboration with the Marine Corps Scholarship Foundation. By providing educational assistance, the Society aims to strengthen the connection with the U.S. Navy and support its personnel and their families.
Official website here: www.societyofsponsorsofusn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
The Society of Sponsors of the United States Navy has received a low score of 58%, resulting in a One-Star rating, primarily due to concerns over their accountability and finance practices. While the organization boasts a fully independent board and demonstrates no material diversion of assets, they lack essential governance policies such as a conflict of interest policy and a whistleblower policy, which significantly impacts their overall score.
Strengths of the organization include a strong independent board and a commendable ratio of liabilities to assets, indicating solid financial health. They also maintain transparency by listing their website on tax forms and posting board meeting minutes. However, their program expense ratio of 55.64% suggests that less than ideal allocation of funds toward direct programs is a concern that potential donors might want to consider.
Overall, while the Society of Sponsors of the United States Navy demonstrates good structural governance, the absence of critical policies and the program expense ratio raise questions about its operational transparency and effective use of donations. Potential supporters are encouraged to weigh these factors carefully when considering their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Society Of Sponsors Of The United States Navy legitimate?
Society Of Sponsors Of The United States Navy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Sponsors Of The United States Navy 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
Official website here: www.societyofsponsorsofusn.org
What is the mission statement of Society Of Sponsors Of The United States Navy?
The Society of Sponsors of the United States Navy's primary mission is to foster a deeper appreciation for the U.S. Navy. They achieve this by providing scholarships and various related programs as a means of support. The organization recommends Navy personnel, families, and programs for these scholarships, with some scholarships being administered by the Marine Corps Scholarship Foundation. The Society's activities aim to strengthen the connection between the public and the U.S. Navy, thereby increasing understanding and support for its operations.
Official website here: www.societyofsponsorsofusn.org
Who is the CEO of Society Of Sponsors Of The United States Navy?
Allison Stiller is the President of Society Of Sponsors Of The United States Navy.
Official website here: www.societyofsponsorsofusn.org
What is the revenue of Society Of Sponsors Of The United States Navy?
Society Of Sponsors Of The United States Navy's revenue in 2023 was $42,536.
Official website here: www.societyofsponsorsofusn.org
Who are the executives of Society Of Sponsors Of The United States Navy and what are their salaries?
There 15 volunteers at Society Of Sponsors Of The United States Navy.
Here are 15 key members and their salaries:
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Official website here: www.societyofsponsorsofusn.org
Where can I find the form 990 for Society Of Sponsors Of The United States Navy?
Society Of Sponsors Of The United States Navy's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.societyofsponsorsofusn.org
Learn more at the official website: www.societyofsponsorsofusn.org
Mission Statement of Society Of Sponsors Of The United States Navy
The Society of Sponsors of the United States Navy, in its mission, aims to foster a deeper appreciation for the U.S. Navy. It achieves this objective by offering scholarships and various related programs. The Society's primary role is to strengthen the connection with the Navy, recognizing the importance of the naval force in national defense and security. At the recommendation of the Naval Academy Alumni Foundation and the Centennial Scholarships managed by the Marine Corps Scholarship Foundation, the Society provides scholarships to selected Navy personnel, families, and programs. By doing so, it contributes to the development and support of individuals and organizations directly associated with the U.S. Navy, thereby reinforcing the societal value of this vital institution.
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Impact
August, 2024
The Society of Sponsors of the United States Navy has a significant impact on supporting the U.S. Navy community through the provision of scholarships and related programs. By offering financial assistance to selected Navy personnel, their families, and various programs, the Society contributes to the educational advancement and well-being of those connected to the Navy. Through collaborations with organizations like the Naval Academy Alumni Foundation and the Marine Corps Scholarship Foundation, the Society plays a vital role in empowering individuals within the Navy community to achieve their educational goals and enhance their capabilities. This support not only benefits the recipients directly but also strengthens overall appreciation for the U.S. Navy and its members.
This information is meant to be a general summary of Society Of Sponsors Of The United States Navy. 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: $17,216
- Program Service Revenue: $4,020
- Gross Receipts: $68,366
Assets and Liabilities:
- Total Assets: $787,924
- Total Liabilities: $0
- Net Assets: $787,924
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING AND LUN
Revenue
$3,120
USNA BRUNCH
Revenue
$900
Organization Details
Founding Year
1920
Phone
(703) 304-8690Principal Officer
Allison Stiller
Main Address
10161 CLOVER GLEN DRIVE, VIENNA, VA, 221812969
NTEE Category
Code: W30Z - Public benefit
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