Veterans Memorial & Support Foundation of Los Gatos

Nonprofit profile at a glance

EIN
461338469
IRS 990 coverage
2018–2023
Forms available
Form 990 2023, Form 990-EZ 2017, Form 990-N 2016
Location
Los Gatos, CA, USA
Phone
4087715959
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies, Related Historical Activities

Official website

Reported finances

Revenue
$250,575
Expenses
$76,558
Assets
$1,388,883
Liabilities
$195,849

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • MAJOR GENERAL KENT HILLHOUSE (PRESIDENT)
  • GEORGE HALL (VICE PRESIDENT)

People named in this filing

  • MAJOR GENERAL KENT HILLHOUSE (PRESIDENT)
  • GEORGE HALL (VICE PRESIDENT)
  • NATALIE LYUKEVICH (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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

(a) - fund in perpetuity, support for the needs of active service members, veterans and their families; educate the community on the sacrifices borne by those who protect america's freedom; erect and maintain a wolrd class memorial in silicon valley that delivers honor, respect, gratitude and healing to those who serve.(b) - to ensure that the memorial to veterans by los gatos is a resource for the historical understanding and recognition of all veterans, past, present, future, living or deceased, who have served, and serving or will serve our nation in the military and/or specialized services, their sacrifices and sacrifices of their families.(c) - to educate the community of los gatos and the surrounding communities on the history of our veterans and their contribution to the american people.(d) - through the foundation, to provide humanitarian support to veterans

What it reported doing in 2023

Seven years after it was conceptually developed, the flame of liberty was unveiled on saturday, june 15, 2019, honoring the men and women who fight to protect the united states and died defending our country. Generations will be able to visit the memorial to remember those who have sacraficed of themselves to keep our country safe, and to have the freedoms that we are able to enjoy today.

Operating model

Revenue model
Donor-supported. 79% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 45
  • Transparency & Controls: 92
  • Accountability: 70
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.5%; rating input score 24
  • Program expense ratio: 76.2%; rating input score 76
  • Fundraising efficiency: $19.16 raised per $1 spent on fundraising; rating input score 57; 57th 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; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • 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: 69.4%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 18.14; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: -4.4% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 23.5% of revenue deployed · 76.2% of spending went to programs
  • Governance: 15 of 15 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $58K in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2018 to 2023
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 24/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 57/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.