Grateful Nation Foundation

Nonprofit profile at a glance

EIN
462557458
IRS 990 coverage
2013–2016
Forms available
Form 990 2016
Location
Alexandria, VA, USA
Phone
5403418810
Rating confidence
Limited
Sector
Military, Veterans' Organizations

Official website

Reported finances

Revenue
$0
Expenses
$37,565
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • BARRY BENNETT (PRESIDENT &)

People named in this filing

  • BARRY BENNETT (PRESIDENT &)
  • NELS RUNNING (SECRETARY)

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 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized exclusively for charitable and educational purposes within the meaning of 501(c)(3) of the internal revenue code. Grateful nation foundation will engage in efforts to celebrate the fiftieth anniversary of the vietnam war and to honor active and retired american military and law enforcement personnel from all wars, conflicts, and regions. Grateful nation foundation will educate the general public on the sacrifices and service of military and law enforcement personnel and how the grateful american nation can best honor and remember their service and sacrifices.

What it reported doing in 2016

Grateful nation foundation engaged in efforts to celebrate the fiftieth anniversary of the vietnam war and to honor active and retired american military and law enforcement personnel from all wars, conflicts, and regions. Upon dissolution of the organization on december 30, 2016, all program related activities ceased.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 79
  • Accountability: 88
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 54.2%; rating input score 54
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 10th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 75.4%; rating input score 75; 47th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: -58.9% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: -32% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 54.2% of spending went to programs
  • Governance: 2 of 2 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 4 filing years from 2013 to 2016
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.