Overview
What is National Board Of The Rocks Inc?
National Board Of The Rocks Inc is a nonprofit organization situated in Forestville, Maryland. Their primary mission is to support the US Armed Services Officer Corps and Senior Government Civilians. They achieve this by offering mentorship, leader development, diversity promotion, coaching, scholarship opportunities, networking, and professional development. One of their philanthropic initiatives is the RC Cartwright Scholarship Fund, which aids college-level students in need of financial assistance, particularly those in ROTC programs. To be eligible, students must receive a nomination from their professor of military science and maintain good academic standing. The organization awards four $1500 scholarships annually to qualified candidates.
Official website here: www.rocksinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46% (Zero-Star out of Four Stars)
The National Board Of The Rocks Inc has received a low rating of 46%, resulting in a Zero-Star rating from Charity Navigator. This score reflects serious concerns regarding its accountability and financial practices. While the organization scores well on having a majority of independent board members and maintains a conflict of interest policy, it falls short in critical areas like lacking a whistleblower policy and not posting key documents online.
Strengths of the organization include a fully independent board and the absence of any material diversion of assets, which indicates good governance practices. However, significant limitations are evident, such as a low program expense ratio of 27.71%, suggesting that a minimal portion of its expenses are directed towards programs and services that directly benefit its mission. Additionally, the liabilities to assets ratio stands at 0.00%, which may raise concerns about financial sustainability or operational effectiveness.
Overall, while the organization has some strong governance features, its financial management and transparency issues hinder its overall performance rating. Potential donors and stakeholders should carefully consider these limitations in the context of their giving and support decisions.
This AI summary has been generated from information found on Charity Navigator.
Is National Board Of The Rocks Inc legitimate?
National Board Of The Rocks Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Board Of The Rocks 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: $0
Professional Fundraising Fees: $4,915
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.rocksinc.org
What is the mission statement of National Board Of The Rocks Inc?
National Board of the Rocks Inc's mission is centered around strengthening the US Armed Services Officer Corps and Senior Government Civilians. Their objective is to foster mentorship, leader development, and diversity, while promoting coaching, scholarship, networking, and professional development. This is aimed at maximizing and leveraging talent across various leadership levels. The organization also operates a philanthropic aspect, the RC Cartwright Scholarship Fund, which provides financial assistance to college students in good academic standing in ROTC programs. The scholarships are awarded based on nominations from professors of military science.
Official website here: www.rocksinc.org
Who is the CEO of National Board Of The Rocks Inc?
Lawrence Gillespie is the Chairperson of National Board Of The Rocks Inc.
Official website here: www.rocksinc.org
What is the revenue of National Board Of The Rocks Inc?
National Board Of The Rocks Inc's revenue in 2022 was $47,587.
Official website here: www.rocksinc.org
Who are the executives of National Board Of The Rocks Inc and what are their salaries?
There 20 volunteers at National Board Of The Rocks Inc.
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Official website here: www.rocksinc.org
Where can I find the form 990 for National Board Of The Rocks Inc?
National Board Of The Rocks Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rocksinc.org
Learn more at the official website: www.rocksinc.org
Mission Statement of National Board Of The Rocks Inc
The National Board Of Rocks Inc, with a strong focus on the United States Armed and Uniformed Services Officer Corps and Senior Government Civilians, is dedicated to enhancing mentorship, leader development, and diversity. Their mission is to promote coaching, scholarship, networking, and professional development, aiming to maximize and leverage talent across various leadership levels. By doing so, this organization strives to support and empower these individuals, ensuring they can make the most of their abilities and contributions.
In line with their mission, the National Board Of Rocks Inc introduces various initiatives. One such initiative is the RC Cartwright Scholarship Fund, which supports college students in ROTC programs who are in need of financial assistance. By recognizing and supporting these students, the organization helps nurture future leaders in the Armed and Uniformed Services Officer Corps. Through these efforts, the National Board Of Rocks Inc actively contributes to the development and strengthening of this crucial corps and senior government civilians.
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Impact
August, 2024
National Board Of The Rocks Inc's impact is significant in strengthening the US Armed & Uniformed Services Officer Corps and Senior Government Civilians through mentorship, leader development, diversity promotion, coaching, scholarships, networking, and professional development. The organization's RC Cartwright Scholarship Fund, which supports college students in ROTC programs, is a philanthropic aspect that recognizes and assists deserving individuals to continue their collegiate careers. By providing financial assistance and educational support, National Board Of The Rocks Inc is maximizing and leveraging talent across the leadership spectrum to benefit our nation's military and government sectors.
This information is meant to be a general summary of National Board Of The Rocks 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: -$12,664
- Gross Receipts: $47,587
Assets and Liabilities:
- Total Assets: $158,433
- Total Liabilities: $0
- Net Assets: $158,433
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Organization Details
Founding Year
1974
Phone
(301) 423-5500Principal Officer
Lawrence Gillespie
Main Address
P O Box 47435, Forestville, MD, 20753
Website
www.rocksinc.orgNTEE Category
Code: W30 - Public benefit
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