Overview
What is Army Quartermaster Foundation Inc?
The Army Quartermaster Foundation Inc, located in Chester, Virginia, serves as an educational organization with a mission to safeguard the history and legacy of the U.S. Army Quartermaster Corps. With a team of five dedicated individuals, the foundation strives to preserve and celebrate the rich heritage of this crucial military branch. While the details of their activities and programs are not explicitly mentioned in the provided data, one can infer that they likely engage in educational initiatives, events, and resources aimed at sharing and promoting the history and traditions of the Army Quartermaster Corps.
Official website here: www.quartermasterfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
The Army Quartermaster Foundation Inc has received a low rating primarily due to its Accountability & Finance score of 36%. This score indicates significant areas of concern, particularly the absence of key governance policies such as a Conflict of Interest Policy and a Whistleblower Policy, both of which scored zero out of seven points. While the organization does have a majority of independent board members and a solid board size, it lacks essential financial transparency and accountability measures.
Strengths noted in the evaluation include the foundation’s adherence to listing its website on the tax form and maintaining thorough documentation of board meeting minutes. However, these positives are overshadowed by critical shortcomings in financial management, including a zero score in the Program Expense Ratio and a high liabilities-to-assets ratio, which was also scored at zero.
Overall, the Army Quartermaster Foundation Inc faces significant challenges in governance and financial practices, which detracts from its credibility as a nonprofit organization. Prospective donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Army Quartermaster Foundation Inc legitimate?
Army Quartermaster Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Army Quartermaster Foundation 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: $0
Other Salaries and Wages: $48,053
For more financial information, click here
Official website here: www.quartermasterfoundation.org
What is the mission statement of Army Quartermaster Foundation Inc?
The Army Quartermaster Foundation Inc., serving as an educational organization, is committed to preserving the history and heritage of the U.S. Army Quartermaster Corps. Its mission is centered around safeguarding and honoring the legacy of this critical branch of the military. The foundation strives to foster a deeper understanding and appreciation of the Quartermaster Corps' role and achievements throughout American history.
Official website here: www.quartermasterfoundation.org
Who is the CEO of Army Quartermaster Foundation Inc?
Mg R Richard E Beale Jr is the President of Army Quartermaster Foundation Inc.
Official website here: www.quartermasterfoundation.org
What is the revenue of Army Quartermaster Foundation Inc?
Army Quartermaster Foundation Inc's revenue in 2022 was $132,822.
Official website here: www.quartermasterfoundation.org
Who are the executives of Army Quartermaster Foundation Inc and what are their salaries?
The average compensation at Army Quartermaster Foundation Inc during 2022 was $9,611. There are 5 employees at Army Quartermaster Foundation Inc.
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Official website here: www.quartermasterfoundation.org
Where can I find the form 990 for Army Quartermaster Foundation Inc?
Army Quartermaster Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.quartermasterfoundation.org
Learn more at the official website: www.quartermasterfoundation.org
Mission Statement of Army Quartermaster Foundation Inc
The Army Quartermaster Foundation Inc is an educational organization with a mission to safeguard the history and legacy of the U.S. Army Quartermaster Corps. They are committed to this cause, dedicating their resources towards preserving the rich heritage and traditions of this significant military branch. The foundation's purpose is not just about history, but also about fostering an appreciation and understanding of the role and contributions made by the Quartermaster Corps in the U.S. Army's history.
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Impact
October, 2024
The Army Quartermaster Foundation Inc plays a crucial role in preserving the history and heritage of the U.S. Army Quartermaster Corps. By focusing on educational initiatives, the organization ensures that the contributions and traditions of the Quartermaster Corps are recognized and celebrated. Through various programs and activities, it fosters a deeper understanding of the Corps' significant role in military logistics and supply chain management.
Located in Chester, VA, the foundation actively engages with communities and history enthusiasts, promoting awareness of the vital services provided by the Quartermaster Corps throughout U.S. military history. By educating the public on its legacy, the foundation not only honors the past but also inspires future generations to appreciate the importance of military logistics and support roles. This impact ultimately strengthens the connection between the military and the civilian population, showcasing the essential services that support armed forces in achieving their missions.
This information is meant to be a general summary of Army Quartermaster Foundation 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: $6,711
- Program Service Revenue: $1,939
- Gross Receipts: $147,247
Assets and Liabilities:
- Total Assets: $312,962
- Total Liabilities: $218
- Net Assets: $312,744
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM BOX
Revenue
$1,939
Organization Details
Founding Year
1954
Phone
(804) 729-5997Principal Officer
Mg R Richard E Beale Jr
Main Address
13203 NENON CHURCH RD SUITE A-210, CHESTER, VA, 23836
NTEE Category
Code: A50Z - Arts
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