Overview
What is Magnus Veterans Foundation?
The Magnus Veterans Foundation, situated in Dayton, Minnesota (16861 N Diamond Lake Road), is a dedicated nonprofit organization. Their primary mission is to support and honor veterans and their families through community fellowship, employing a holistic approach to healing their minds, bodies, hearts, and spirits. With a team of five dedicated individuals, the foundation provides a comprehensive service to restore the well-being of these individuals, ensuring they receive the care and respect they deserve.
Official website here: www.magnusveteransfoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating (48%)
The Magnus Veterans Foundation has received a concerning zero-star rating from Charity Navigator, indicating significant deficiencies in financial accountability and transparency. While the organization boasts a perfect score in leadership and adaptability, highlighting strong governance and strategic direction, it struggles immensely with financial reporting and policy adherence. The Accountability & Finance Score of 29 reflects serious issues in areas such as financial statements, program expense ratios, and the lack of essential policies like conflict of interest and whistleblower protections.
Despite these financial shortcomings, the foundation demonstrates strengths in maintaining an independent board and effective leadership. With all eight board members being independent, the organization shows a commitment to governance. However, the low scores in financial health indicators, including liabilities to assets ratio, suggest that the foundation may be facing considerable challenges in fiscal management.
Overall, while Magnus Veterans Foundation has a strong cultural and community engagement score, the significant issues related to financial transparency and policy compliance risk undermining its credibility and effectiveness. Prospective donors and supporters should exercise caution and thoroughly evaluate the foundation's financial practices before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Magnus Veterans Foundation legitimate?
Magnus Veterans Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Magnus Veterans 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: $112,269
For more financial information, click here
Official website here: www.magnusveteransfoundation.org/
What is the mission statement of Magnus Veterans Foundation?
The Magnus Veterans Foundation's mission is centered around supporting and uplifting veterans and their families. They aim to achieve this through community fellowship, employing a holistic approach to restore the mental, physical, emotional, and spiritual well-being of those they serve. The foundation's work is geared towards healing and honoring the sacrifices made by veterans, recognizing the importance of their overall well-being.
Official website here: www.magnusveteransfoundation.org/
Who is the CEO of Magnus Veterans Foundation?
Shawn Alderman is the President of Magnus Veterans Foundation.
Official website here: www.magnusveteransfoundation.org/
What is the revenue of Magnus Veterans Foundation?
Magnus Veterans Foundation's revenue in 2022 was $607,660.
Official website here: www.magnusveteransfoundation.org/
Who are the executives of Magnus Veterans Foundation and what are their salaries?
The average compensation at Magnus Veterans Foundation during 2022 was $22,454. There are 5 employees and 60 volunteers at Magnus Veterans Foundation.
Here are 9 key members and their salaries:
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Official website here: www.magnusveteransfoundation.org/
Where can I find the form 990 for Magnus Veterans Foundation?
Magnus Veterans Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.magnusveteransfoundation.org/
Learn more at the official website: www.magnusveteransfoundation.org/
Mission Statement of Magnus Veterans Foundation
Magnus Veterans Foundation is dedicated to healing and honoring veterans and their families through community fellowship. Employing a comprehensive approach, this organization aims to restore the mind, body, heart, and spirit of those who have served their country. By fostering a sense of community, Magnus Veterans Foundation seeks to provide veterans with the support they need to overcome the challenges they may face after their service. This holistic approach recognizes the multifaceted nature of the challenges veterans face and works to address them in a holistic manner.
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Impact
July, 2024
Magnus Veterans Foundation has a profound impact on the lives of veterans and their families by providing healing and honoring through community fellowship. Their comprehensive approach focuses on restoring the mind, body, heart, and spirit of those who have served our country. Through their work in Dayton, MN, Magnus Veterans Foundation is making a significant difference in the well-being and support of our veterans.
This information is meant to be a general summary of Magnus Veterans 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: $26
- Gross Receipts: $675,015
Assets and Liabilities:
- Total Assets: $4,133,078
- Total Liabilities: $245,009
- Net Assets: $3,888,069
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Organization Details
Founding Year
2019
Phone
(360) 704-0421Principal Officer
Shawn Alderman
Main Address
16861 N DIAMOND LAKE ROAD, DAYTON, MN, 55327
NTEE Category
Code: E99 - Health
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