The General William C Lee Memorial Commission Inc

Nonprofit profile at a glance

EIN
581497383
IRS 990 coverage
2017–2024
Forms available
Form 990 2024
Location
Dunn, NC, USA
Phone
9108921947
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$53,548
Expenses
$99,600
Assets
$1,510,611
Liabilities
$0

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

Leadership & pay

8 people listed

Executive titles in this filing

  • CHUCK TURNAGE (PRESIDENT)

People named in this filing

  • CHUCK TURNAGE (PRESIDENT)
  • MARK JOHNSON (TREASURER)
  • BART ADAMS (BOARD MEMBER)

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

To perpetuate the memory and the spirit of the late general william c. Lee, by the acquisition, restoration, preservation and protection of the homeplace of general william c. Lee in dunn, North Carolina, and the erection of monuments and markers at or in connection with the same; by the encouragement of historical research in relation to the life and u.s. Military service of general william c. Lee and the publication of the results thereof; by the acquisition, collection and preservation of documents, relics, momentos and records of the life and u.s. Military service of general william c. Lee; to foster and promote public knowledge of and interest in the life and u.s. Military service of general william c. Lee; and by the public celebration of special events to commemorate the life and u.s. Military service of the late general william c. Lee.

What it reported doing in 2024

Operation of the general william c. Lee airborne museum in dunn, nc accomplishes the mission of this organization and may also be considered a program service. Operational expenses are currently included as management and general and there is no operational revenue.

Operating model

Revenue model
Investment-supported. 80% of the money available for current operations came from recurring investment income.
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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 75.1%; rating input score 75
  • Program expense ratio: 33.6%; rating input score 34
  • Fundraising efficiency: Limited

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: 2 of 7 controls in place; rating input score 29
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -86%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 15.17; rating input score 73; 73rd 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: 55.8% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: -4.7% per year; rating input score 0; 44th percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 75.1% of revenue deployed · 33.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $33K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 7 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Program expense ratio scored 34/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 22/100.