Lignite Veterans Memorial Park Foundation
Nonprofit profile at a glance
- EIN
- 921701626
- IRS 990-EZ coverage
- 2023–2023
- Forms available
- Form 990-EZ 2023
- Location
- Beulah, ND, USA
- Phone
- 7018802609
- Rating
- 42
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $72,771
- Expenses
- $60,878
- Assets
- $13,863
- Liabilities
- $11,960
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Jeffrey Gooss (President)
- Jacob Gooss (Vice President)
People named in this filing
- Jeffrey Gooss (President)
- Jennifer Gooss (Secretary/Treasurer)
- Jacob Gooss (Vice President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Corporation is organized to perform the charitable purpose to raise funds in order to create and maintain a park and erect memorials, within the meaning of Section 501(c)(3) of the Internal Revenue Code or the corresponding section of any future federal tax code, and to honor members of Beulah and the surrounding area who have significantly impacted the community and county for the benefit of citizens and visitors. To make distributions to organizations that qualify as exempt organizations under Section 501(c)(3) of the Internal Revenue Code, or the corresponding section of any future federal tax code. To obtain and receive contributions, grants and endowment funds for purposes set forth.
What it reported doing in 2023
We made distributions to local high school sports teams that volunteer at the events, such as the high school volleyball team and trap shooting team. This furthers our exempt purpose to honor members of Beulah and the surrounding area who have significantly impacted the community and county.
Operating model
- Revenue model
- Earned-program. 73% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 100
- Sustainability: 45
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 16.3%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 5 filed schedules
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Total-asset coverage ratio scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.