Overview
What is The Society Of The Cincinnati In The State Of Virginia?
The Society of The Cincinnati in the State of Virginia is a renowned nonprofit organization situated in Richmond, Virginia. Their primary mission is to honor and uphold the spirit of the American Revolution. This entails various activities, such as granting scholarships, funding research, organizing historical programs, and supporting educational initiatives aligned with the Society of The Cincinnati's objectives. Their contributions primarily aim to perpetuate the ideals and memories of this pivotal historical event, thereby fostering a deeper appreciation for our nation's heritage. The organization is headquartered at 218 North Harvie Street, Richmond, VA 23220.
Official website here: www.vasocietycincinnati.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating). This rating reflects a solid commitment to accountability and finance, with the organization achieving a score of 75 in this category. The rating indicates that the organization is largely compliant with best practices in financial management and board governance.
The Society Of The Cincinnati In The State Of Virginia has demonstrated strengths in its governance structure, featuring a fully independent board composed of 15 members. The organization has no material diversion of assets, ensuring that funds are appropriately used for their intended purposes. Additionally, its low liabilities-to-assets ratio suggests strong financial health.
However, there are notable areas for improvement, specifically regarding the absence of critical policies such as the conflict of interest and whistleblower policies, which may affect overall transparency and governance. Despite these limitations, the organization’s program expense ratio of nearly 69% indicates that a significant portion of its funding is directed towards its programs.
This AI summary has been generated from information found on Charity Navigator.
Is The Society Of The Cincinnati In The State Of Virginia legitimate?
The Society Of The Cincinnati In The State Of Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Society Of The Cincinnati In The State Of Virginia 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.
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Official website here: www.vasocietycincinnati.org
What is the mission statement of The Society Of The Cincinnati In The State Of Virginia?
The Society of the Cincinnati in the State of Virginia is committed to preserving the memory and ideals of the American Revolution. This is achieved through various means, including awarding scholarships, funding research grants, and supporting historical programs. Additionally, they contribute to educational and historical initiatives within the Society of the Cincinnati. Their mission also includes providing support for the society's historical, patriotic, and educational programs. The primary objective is to ensure that the legacy and principles of the American Revolution continue to inspire future generations.
Official website here: www.vasocietycincinnati.org
What is the revenue of The Society Of The Cincinnati In The State Of Virginia?
The Society Of The Cincinnati In The State Of Virginia's revenue in 2024 was $911,728.
Official website here: www.vasocietycincinnati.org
Who are the executives of The Society Of The Cincinnati In The State Of Virginia and what are their salaries?
There 37 volunteers at The Society Of The Cincinnati In The State Of Virginia.
Here are 17 key members and their salaries:
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Official website here: www.vasocietycincinnati.org
Where can I find the form 990 for The Society Of The Cincinnati In The State Of Virginia?
The Society Of The Cincinnati In The State Of Virginia's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.vasocietycincinnati.org
Learn more at the official website: www.vasocietycincinnati.org
Mission Statement of The Society Of The Cincinnati In The State Of Virginia
The Society of the Cincinnati in the State of Virginia is dedicated to preserving the memory and ideals of the American Revolution. In pursuit of this mission, the organization engages in various activities. Primarily, it awards scholarships and grants for research in historical subjects, aiming to foster an appreciation and understanding of the nation's past. Additionally, the Society supports historical programs and educational initiatives, contributing to the broader dissemination of knowledge about the American Revolution. Through these efforts, the Society of the Cincinnati in the State of Virginia aims to perpetuate the ideals that underpinned the founding of the United States.
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Impact
July, 2024
The Society of the Cincinnati in the State of Virginia has had a significant impact on perpetuating the memory and ideals of the American Revolution. Through awarding scholarships, funding research grants and historical programs, and supporting educational initiatives, the Society actively preserves and promotes the rich history of the Revolution. By contributing to the Society of the Cincinnati, Inc. in Washington, DC, the Virginia chapter plays a crucial role in supporting programs that have historical, patriotic, and educational purposes. This contributes to the preservation of American history and the promotion of patriotic values among the public.
This information is meant to be a general summary of The Society Of The Cincinnati In The State Of Virginia. 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 2024.
- Investment Income: $188,037
- Program Service Revenue: $12,215
- Gross Receipts: $4,454,283
Assets and Liabilities:
- Total Assets: $7,115,796
- Total Liabilities: $0
- Net Assets: $7,115,796
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING
Revenue
$7,700
MEMBER EVENTS
Revenue
$4,515
Organization Details
Founding Year
1935
Principal Officer
Robert C Farmer
Website
www.vasocietycincinnati.orgNTEE Category
Code: A82Z - Arts
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