Green Beret Foundation does not meet the following 3 Standards for Charity Accountability:
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
GBF does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
GBF does not meet this Standard because the organization's 2020 annual report did not include:
Standard 19 (Cause Related Marketing)
Clearly disclose how the charity benefits from the sale of products or services (i.e., cause-related marketing) that state or imply that a charity will benefit from a consumer sale or transaction. Such promotions should disclose, at the point of solicitation: (a) the actual or anticipated portion of the purchase price that will benefit the charity (e.g., 5 cents will be contributed to abc charity for every xyz company product sold), (b) the duration of the campaign (e.g., the month of October), (c) any maximum or guaranteed minimum contribution amount (e.g., up to a maximum of $200,000).
GBF does not meet this Standard because:
- The organization participated in a promotion for the sale of consumer goods which indicated that GBF would benefit from these purchases. The promotion, however, did not specify the actual or anticipated amount of the purchase price that would benefit GBF.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability:
1
14
15
Green Beret Foundation meets the remaining 14 Standards for Charity Accountability.
Green Beret Foundation (GBF) provides financial assistance, support, and liaising for the wounded, ill, injured and family members of the Green Berets. Casualty support is provided in the form of a $2,500 check to offset expenses and a specialized rucksack with non-trivial essentials to those Green Berets who have been medevac'd away from their permanent duty stations. GBF's health and wellness support program addresses both acute and extended care and covers ongoing services including travel, lodging, and miscellaneous expenses. The organization's Next Ridgeline Support program aims to ensure fair Veterans Affairs (VA) decisions, and entitlement to VA healthcare and vocational rehabilitation programs through VA claims assistance. GBF's family support program supports Gold Star and surviving families by payment of funeral costs not covered by the military and engagement with families to identify gaps in resources.
For the year ended December 31, 2020, Green Beret Foundation's program expenses were:
| Family support |
$556,285 |
| Health and wellness support |
$405,511 |
| Support - Next Ridgeline Program |
$241,087 |
| Casualty support |
$71,688 |
| Total Program Expenses: |
$1,274,571 |
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Chief Executive
Brent Cooper, Executive Director
-
Compensation*
$112,464
-
Chair of the Board
Ken Tovo
-
Chair's Profession / Business Affiliation
Lieutenant General (Ret.), U.S. Army
-
Board Size
9
-
Paid Staff Size
13
*2020 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Grant proposals, Internet, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Cause- related marketing (affinity credit cards, consumer product sales, etc.), Other
GBF incurred joint costs of $182,523 for informational materials and activities that included fundraising materials. Of those costs, $145,547 was allocated to fundraising expenses and $36,976 was allocated to program expenses.
Note 1: In 2020, according to GBF, the organization received in-kind contributions totaling $50,114 in the form of auction items ($46,263) and program supplies ($3,851).
Note 2: In the financial section above, "other changes in net assets" refers to a loss on asset disposal.
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Green Beret Foundation's audited financial statements for the year ended December 31, 2020.
| Source of Funds |
| Contributions |
$1,787,621 |
| Investment income, net |
$190,969 |
| Grants |
$139,106 |
| Paycheck Protection Program income |
$107,473 |
| Special events, net |
$84,112 |
| Product sales |
$74,340 |
| Total Income |
$2,383,621 |
- Programs: 82%
- Administrative: 10%
- Fundraising: 8%
| Total Income |
$2,383,621 |
| Program expenses |
$1,274,571 |
| Fundraising expenses |
$128,451 |
| Administrative expenses |
$166,764 |
| Other expenses |
$0 |
| Total expenses: |
$1,569,786 |
| Income in Excess of Expenses |
$813,835 |
| Beginning Net Assets |
$2,446,720 |
| Other Changes In Net Assets |
$-601 |
| Ending Net Assets |
$3,259,954 |
| Total Liabilities |
$50,966 |
| Total Assets |
$3,310,920 |