Fort Monroe Foundation

Nonprofit profile at a glance

EIN
274974146
IRS 990 coverage
2018–2024
Forms available
Form 990 2024, Form 990-N 2010
Location
Fort Monroe, VA, USA
Phone
7572512756
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$67,146
Expenses
$65,097
Assets
$351,011
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • VINCENT TUCKER (PRESIDENT)

People named in this filing

  • VINCENT TUCKER (PRESIDENT)
  • AAZIA MROZINSKI (VICE PRESIDE)
  • CARYL JOHNSON (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The fort monroe foundation helps promote and sustain fort monroe, its programs and partners, through fundraising and stewardship of financial resources.

What it reported doing in 2024

The fort monroe foundation raised over 66,000 during fiscal year 2025, including 6,500 in sponsorships for the music by the bay community concert series, 2,000 to support ongoing programming and research for the indigenous narrative, and over 22,000 for continued cultural events at fort monroe including a community fourth of july. In addition, over 13,000 was raised to support continued educational programming. As well, the foundation transferred over 45,000 to support programming such as the indigienous interpretive project, also known as the canoe project, youth black culture fest, and the anual music by the bay summer concert series. In addition, the foundation supported the fort monroe museum team by funding interns for research into the vast history of the fort, to include military, indigenous and african-american history, as well as interns to support archivists in collating and protecting extensive archives.

Operating model

Revenue model
Donor-supported. 62% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 58
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.7%; rating input score 73
  • Program expense ratio: 74.7%; rating input score 75
  • Fundraising efficiency: $12.65 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 3.1%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 5.39; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -26.9% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -35.5% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -13.3% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 72.7% of revenue deployed · 74.7% of spending went to programs
  • Governance: 11 of 11 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $49K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 58/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.