Overview
What is Texas American Legion Development Foundation?
The Texas American Legion Development Foundation, situated in Austin, Texas, is a nonprofit organization that primarily focuses on granting scholarships for the benefit of the youth in the state. Their mission extends beyond just financial aid, as they are also committed to supporting the mental and emotional well-being of veterans. This foundation operates with the goal of positively impacting the lives of the younger generation and the veterans of Texas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Texas American Legion Development Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a high level of accountability and finance management. With an overall score derived entirely from its accountability and finance beacon, the organization demonstrates strong governance and effective use of resources.
Key strengths include a fully independent board of directors, which comprises 100% independent members, and robust financial practices, evidenced by a low liabilities to assets ratio of 4.51%. The foundation also excels in its program expense ratio of 74.15%, indicating that a significant portion of its resources is directed toward its mission rather than administrative costs.
While the overall metrics are impressive, the rating highlights the organization's commitment to transparency and ethical practices through policies such as conflict of interest and whistleblower protections. These factors contribute to the foundation's strong standing, fostering trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Texas American Legion Development Foundation legitimate?
Texas American Legion Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas American Legion Development 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:
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What is the mission statement of Texas American Legion Development Foundation?
The Texas American Legion Development Foundation's mission is primarily focused on providing scholarships for the children and youth of Texas. Beyond this, the foundation also aims to contribute to the mental and emotional well-being of veterans. The organization's activities largely revolve around awarding scholarships, which benefit the youth of Texas.
What is the revenue of Texas American Legion Development Foundation?
Texas American Legion Development Foundation's revenue in 2023 was $29,021.
Who are the executives of Texas American Legion Development Foundation and what are their salaries?
There 12 volunteers at Texas American Legion Development Foundation.
Here are 11 key members and their salaries:
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- Related: $72,027
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Where can I find the form 990 for Texas American Legion Development Foundation?
Texas American Legion Development Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Texas American Legion Development Foundation
The Texas American Legion Development Foundation is an organization dedicated to serving the children and youth of Texas, as well as contributing to the mental and emotional wellbeing of veterans. Their primary mission is to provide scholarships for the youth of the state, helping them pursue their educational goals. Beyond scholarships, the foundation also aims to support the mental and emotional health of veterans, ensuring they receive the care they need. By doing so, the Texas American Legion Development Foundation is actively contributing to the betterment of Texas's younger generation and its veterans.
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Impact
August, 2024
The Texas American Legion Development Foundation has a significant impact on the youth of Texas by providing scholarships to help further their education. Additionally, the foundation contributes to the mental and emotional well-being of veterans, showing support and care for those who have served our country. Through their efforts, the foundation helps shape a brighter future for the youth and provides essential assistance to those who have sacrificed for our nation.
This information is meant to be a general summary of Texas American Legion Development 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: $8,030
- Gross Receipts: $29,021
Assets and Liabilities:
- Total Assets: $631,665
- Total Liabilities: $28,500
- Net Assets: $603,165
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Organization Details
Founding Year
1996
Principal Officer
William West
NTEE Category
Code: B82 - Education
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