Overview
What is New Mexico Veterans Memorial Foundation?
The New Mexico Veterans Memorial Foundation is a nonprofit organization situated in Albuquerque, New Mexico. Their primary mission is to honor and support military veterans and their families. Their contributions include operating a museum, which is free to visit, but generates revenue through paid bus tours. The museum showcases a vast array of military uniforms, artifacts, and photographs donated by veterans and their families. It also houses the Vietnam Wall of New Mexico, an exhibition featuring the bios and photos of New Mexico's fallen and missing Vietnam veterans, which has been shared with the National Vietnam Wall in Washington, D.C. Beyond the museum, the foundation provides a venue for various events such as bus tours, reunions, retirements, and memorial services. The foundation's activities aim to educate the public about the value of veterans' service and sacrifice.
Official website here: www.vetsmemorial.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The New Mexico Veterans Memorial Foundation received a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The overall score is primarily based on the organization’s financial practices, showcasing a commitment to transparency and fiscal responsibility. Notably, the foundation boasts a high percentage of independent board members, which contributes positively to its governance structure.
Strengths of the organization include a low ratio of liabilities to assets and a high percentage of program expenses devoted to its mission, indicating effective use of funds. The foundation has demonstrated strong practices in areas such as board independence and proper documentation of meetings and financial forms. However, the absence of key policies, specifically regarding conflicts of interest and whistleblower protections, presents areas for improvement.
While the financial health of the organization appears robust, the lack of certain governance policies may raise concerns for potential donors regarding the foundation's commitment to ethical standards. Addressing these limitations could further enhance the foundation's accountability and trustworthiness in the eyes of stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is New Mexico Veterans Memorial Foundation legitimate?
New Mexico Veterans Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Mexico Veterans Memorial 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.
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For more financial information, click here
Official website here: www.vetsmemorial.org
What is the mission statement of New Mexico Veterans Memorial Foundation?
The New Mexico Veterans Memorial Foundation's mission is centered around honoring and supporting military veterans and their families. They accomplish this by actively promoting, operating, and maintaining a memorial, serving as an educational platform. The foundation educates the public on the significance of veterans' service and sacrifices. One of their key contributions to this mission is the operation of a museum, which is free for visitors, generating revenue through paid bus tours. The museum houses rotating displays of military uniforms, artifacts, and photos, donated by veterans and their families. Notably, it features the Vietnam Wall of New Mexico, showcasing the bios and photos of New Mexico's KIA and MIA Vietnam veterans. The memorial also serves as a venue for various events such as bus tours, reunions, retirements, and memorial services.
Official website here: www.vetsmemorial.org
Who is the CEO of New Mexico Veterans Memorial Foundation?
Nancy Jordan is the President of New Mexico Veterans Memorial Foundation.
Official website here: www.vetsmemorial.org
What is the revenue of New Mexico Veterans Memorial Foundation?
New Mexico Veterans Memorial Foundation's revenue in 2022 was $53,456.
Official website here: www.vetsmemorial.org
Who are the executives of New Mexico Veterans Memorial Foundation and what are their salaries?
There 10 volunteers at New Mexico Veterans Memorial Foundation.
Here are 19 key members and their salaries:
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Official website here: www.vetsmemorial.org
Where can I find the form 990 for New Mexico Veterans Memorial Foundation?
New Mexico Veterans Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vetsmemorial.org
Learn more at the official website: www.vetsmemorial.org
Mission Statement of New Mexico Veterans Memorial Foundation
The New Mexico Veterans Memorial Foundation is dedicated to honoring and supporting military veterans and their loved ones. They accomplish this mission through various means, primarily by promoting, operating, and maintaining a memorial. The foundation educates the public on the significance of veterans' service and sacrifice, an integral part of their mission. One of their significant contributions is the museum, which serves as a free admission space, generating revenue from paid bus tours. The museum showcases a diverse array of uniforms, military artifacts, and photographs, generously donated by veterans and their families. Notably, the Vietnam Wall of New Mexico, which contains the bios and photos of KIA and MIA Vietnam veterans, has been shared with the National Vietnam Wall in Washington, D.C. Beyond the museum, the foundation also offers its venue for various events, including bus tours, reunions, retirements, and memorial services, totaling 41 such events.
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Impact
August, 2024
The New Mexico Veterans Memorial Foundation impacts the community by honoring and supporting military veterans and their loved ones. Through their museum, which showcases uniforms, military artifacts, and photos donated by veterans and their families, they educate the public on the value of veterans' service and sacrifice. The foundation also operates the Vietnam Wall of New Mexico, sharing the bios and photos of KIA and MIA Vietnam veterans, which has been displayed at the national Vietnam Wall in Washington, DC. Additionally, the foundation hosts bus tours, reunions, retirements, and memorial services, further engaging with and supporting the veteran community.
This information is meant to be a general summary of New Mexico Veterans Memorial 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 2022.
- Investment Income: $526
- Program Service Revenue: $33,787
- Gross Receipts: $53,456
Assets and Liabilities:
- Total Assets: $399,183
- Total Liabilities: $9,400
- Net Assets: $389,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMORIAL GIFT SALES
Revenue
$7,579
VENUE RENTAL
Revenue
$24,783
MUSEUM TOURS
Revenue
$1,425
Organization Details
Founding Year
2005
Phone
(505) 256-2042Principal Officer
Nancy Jordan
Main Address
1100 Louisiana Blvd SE, Albuquerque, NM, 87108
Website
www.vetsmemorial.orgNTEE Category
Code: B90 - Education
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