Overview
What is Advets For Warvets Foundation?
Advets for Warvets Foundation is a charitable organization situated in Palm Desert, California, with an address at 77622 Woodhaven Drive South. Their primary focus is to support veterans through fundraising initiatives. They acquire donated artwork to conduct auctions, with the proceeds being directed towards various veterans' organizations. Additionally, they accept monetary donations, with the ultimate objective of raising substantial funds for these organizations. The foundation's mission revolves around utilizing artistic contributions and financial support to strengthen the well-being and resources of veterans' organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Advets For Warvets Foundation has received a low rating primarily due to significant gaps in accountability and financial transparency. With a score of 53% overall, the organization has no independent board members, which raises concerns about governance and oversight. Important policies related to conflict of interest, whistleblowing, and document retention are missing, indicating potential weaknesses in their operational framework.
On a positive note, the organization has demonstrated a solid program expense ratio of 100%, suggesting that all funds raised are being allocated directly to their programs, which is commendable. Additionally, they have shown no material diversion of assets and maintain a 0.00% liabilities to assets ratio, reflecting fiscal stability in terms of debt management. However, the absence of basic organizational policies and a lack of independent governance point to areas where the foundation could improve.
Overall, while Advets For Warvets Foundation appears dedicated to its mission with strong program funding, the lack of essential governance structures and transparency measures could hinder its credibility and effectiveness in the long run. Prospective donors should weigh these factors carefully when considering support.
This AI summary has been generated from information found on Charity Navigator.
Is Advets For Warvets Foundation legitimate?
Advets For Warvets Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advets For Warvets 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Advets For Warvets Foundation?
The Advets For Warvets Foundation's mission revolves around receiving donated artwork for auction. The proceeds from these auctions are then channeled towards supporting various veterans organizations. Additionally, the foundation accepts direct donations, with the primary objective of raising funds for these veterans' organizations. In essence, the foundation's mission is dedicated to utilizing artistic contributions and financial donations to aid and uplift organizations that cater to the needs of veterans.
What is the revenue of Advets For Warvets Foundation?
Advets For Warvets Foundation's revenue in 2022 was $1,140.
Who are the executives of Advets For Warvets Foundation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Advets For Warvets Foundation?
Advets For Warvets Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Advets For Warvets Foundation
Advets For Warvets Foundation is an organization that plays a significant role in supporting veterans. Its primary mission involves receiving donated artwork and auctioning them off to raise funds. The proceeds from these auctions are then donated to various veterans' organizations. Additionally, the foundation accepts financial donations with the primary objective of amassing funds for veterans' causes. In essence, Advets For Warvets Foundation serves as a platform for the sale of artwork and a conduit for raising funds for veterans' organizations, thereby providing assistance to those who have served their country.
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Impact
October, 2024
Advets For Warvets Foundation significantly impacts veterans' organizations by channeling funds derived from the sale of donated artwork. This initiative not only raises financial support for various veteran-related causes but also fosters community engagement through active participation in art auctions. By promoting the sale of unique artwork, the foundation cultivates a culture of philanthropy that directly benefits veterans. The proceeds from these auctions are allocated to organizations dedicated to supporting veterans, enhancing their quality of life and access to necessary services. Situated in Palm Desert, CA, the foundation plays a critical role in mobilizing resources for those who have served, ensuring that veterans receive the assistance they need.
This information is meant to be a general summary of Advets For Warvets 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.
- Gross Receipts: $1,140
Assets and Liabilities:
- Total Assets: $3,133
- Total Liabilities: $0
- Net Assets: $3,133
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Organization Details
Principal Officer
Patrick Walsh
NTEE Category
Code: T12 - Philanthropy
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