Overview
What is National Medal Of Honor Museum Foundation?
The National Medal of Honor Museum Foundation is a nonprofit organization dedicated to recognizing and honoring individuals who have received the Medal of Honor for their exceptional service and sacrifice to the country. The foundation invests in designing, funding, building, and maintaining modern facilities for visitors, providing a captivating and educational experience. Their primary mission is to preserve and share the stories of Medal of Honor recipients, aiming to inspire and educate the public about their heroism and selfless acts. A notable aspect of their operations is the capitalization of salaries and wages as program expenses in their form 990.
Official website here: www.mohmuseum.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 40%, Zero-Star out of Four Star rating.
The National Medal Of Honor Museum Foundation has received a low score of 40%, resulting in a Zero-Star rating. This indicates significant concerns regarding its overall accountability and financial health. While the organization demonstrates strength in governance, with all board members listed independently and a robust conflict of interest policy, it falls short in several critical financial metrics, which raises questions about its operational efficiency.
The organization has been recognized for its adherence to transparency in certain areas, such as board member and staff listings. However, it lacks essential financial documents on its website, including tax forms and audit reports. This absence of publicly available information can hinder potential donors' ability to assess the organization's financial standing and accountability comprehensively.
Financially, the Foundation exhibits concerning ratios, with a program expense ratio of only 37.86% and a fundraising efficiency ratio of $0.02, suggesting that a minimal amount of funds raised is directed towards programmatic efforts. Additionally, the high liabilities to assets ratio indicates potential financial instability, which is a significant limitation for the organization moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is National Medal Of Honor Museum Foundation legitimate?
National Medal Of Honor Museum Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Medal Of Honor Museum 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: $675,677
Professional Fundraising Fees: $206,187
Other Salaries and Wages: $1,636,484
For more financial information, click here
Official website here: www.mohmuseum.org
What is the mission statement of National Medal Of Honor Museum Foundation?
The National Medal of Honor Museum Foundation is dedicated to preserving and showcasing the stories of individuals who have been bestowed with the Medal of Honor. This organization honors their service to the country by creating modern facilities for visitor engagement and education. Through their efforts, they fund, build, and maintain these top-notch establishments. A notable financial commitment made by the foundation was the allocation of $740,058 towards salaries and wages as program expenses in their tax forms instead of reporting them as expenses on their audited financial statements.
Official website here: www.mohmuseum.org
Who is the CEO of National Medal Of Honor Museum Foundation?
Christopher Cassidy is the President & Ceo of National Medal Of Honor Museum Foundation. The CEO's salary of National Medal Of Honor Museum Foundation is $325,000 and their total compensation is $325,000.
Official website here: www.mohmuseum.org
What is the revenue of National Medal Of Honor Museum Foundation?
National Medal Of Honor Museum Foundation's revenue in 2022 was $51,262,926.
Official website here: www.mohmuseum.org
Who are the executives of National Medal Of Honor Museum Foundation and what are their salaries?
The average compensation at National Medal Of Honor Museum Foundation during 2022 was $110,103. There are 21 employees and 13 volunteers at National Medal Of Honor Museum Foundation.
Here are 35 key members and their salaries (National Medal Of Honor Museum Foundation's CEO's salary is $325,000 and their total compensation is $325,000):
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Official website here: www.mohmuseum.org
Where can I find the form 990 for National Medal Of Honor Museum Foundation?
National Medal Of Honor Museum Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mohmuseum.org
Learn more at the official website: www.mohmuseum.org
Mission Statement of National Medal Of Honor Museum Foundation
The National Medal of Honor Museum Foundation is a dedicated organization that strives to preserve and showcase the inspiring stories of individuals who have been bestowed with the prestigious Medal of Honor. Founded with a mission to honor and recognize the bravery and selflessness of those who have served our country, the organization invests significantly in designing, funding, and maintaining top-tier facilities for the education and orientation of visitors.
In its pursuit to preserve the stories of Medal of Honor recipients, the National Medal of Honor Museum Foundation goes above and beyond. By capitalizing over three-quarters of a million dollars worth of salaries and wages as program expenses in its form 990, the organization ensures that every aspect of its operations, from employee compensation to facility development, directly contributes to its mission. Through this approach, the Foundation is able to present the stories of these brave individuals in a meaningful and impactful manner, inspiring generations to come.
The National Medal of Honor Museum Foundation's tireless efforts serve as a testament to the importance of acknowledging and preserving the stories of those who have made the ultimate sacrifice for their country. By focusing on the preservation and presentation of these stories, the organization provides a valuable educational resource for the public, fostering a deeper appreciation for the sacrifices made by our military heroes.
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Impact
October, 2024
The National Medal of Honor Museum Foundation plays a vital role in preserving and presenting the stories of Medal of Honor recipients, ensuring that the brave acts of these individuals are commemorated and shared with the public. By designing, funding, and constructing state-of-the-art facilities, the Foundation enhances visitor experience and fosters education about military valor and sacrifice.
Through its dedicated efforts, the Foundation not only honors those who have served the country but also engages the community in a deeper understanding of the values associated with the Medal of Honor. Visitor orientation, comfort, and educational programs are central to its mission, creating an environment where the contributions of heroic individuals are celebrated and their stories are passed down through generations.
By prioritizing these narratives and providing interactive experiences, the Foundation instills a sense of pride and gratitude in visitors, inspiring future generations to appreciate the sacrifices made for freedom. Ultimately, the impact of the National Medal of Honor Museum Foundation extends far beyond its physical structures; it cultivates a culture of remembrance, respect, and education surrounding the extraordinary acts of courage exemplified by Medal of Honor recipients.
This information is meant to be a general summary of National Medal Of Honor Museum 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: $33,029
- Gross Receipts: $51,262,926
Assets and Liabilities:
- Total Assets: $149,710,500
- Total Liabilities: $7,979,515
- Net Assets: $141,730,985
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Organization Details
Founding Year
2012
Phone
(817) 274-1861Principal Officer
Christopher Cassidy
Main Address
1905 E RANDOL MILL RD, ARLINGTON, TX, 76011
Website
www.mohmuseum.orgNTEE Category
Code: A50 - Arts
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