National Association Of Guardsmen Inc

The information for National Association of Guardsmen Inc is as of the organization's most recent filing in December '22. This organization is located in Richmond, VA. It has been in existence for 40 years, following its founding in 1982.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The National Association Of Guardsmen Inc is a community improvement and capacity building organization. Its NTEE code is S41, indicating that it falls under the category of Chambers of Commerce & Business Leagues. These organizations consist of businessmen and women who have come together to promote the general commercial interests of the community or their own trade. The organization is also classified under section 501(c)(6) business leagues and chambers of commerce. Its C Section Code is 7, which signifies that it is a social and recreational club. The mission of the National Association Of Guardsmen Inc is to foster fellowship among its members and friends.

Program Areas

The organization's general fund encompasses various activities and expenses that are not specifically reported by another fund or program. This includes the organization's efforts to foster fellowship through events such as the New Year's Eve party and other social functions. In 2022, the Richmond chapter had the honor of hosting the national gathering, which occurs once every seven years.

Board Governance

Based on the information provided, it is difficult to determine how well the National Association Of Guardsmen Inc is governed. The organization has a small number of voting members, with no independent members, which may raise concerns about potential conflicts of interest. However, the information states that potential conflicts of interest do not exist. One area of concern is the lack of documentation for board and committee meetings. It is essential for an organization to have a transparent and accountable governance structure, which includes documenting meetings and decisions made. The absence of documentation raises questions about the organization's transparency and accountability. Furthermore, the organization lacks several important policies that are commonly found in well-governed non-profit organizations. These include a conflict of interest policy, disclosure of conflicts, whistleblower policy, and document retention policy. These policies are crucial for ensuring ethical conduct, accountability, and transparency within the organization. Additionally, the organization does not substantiate and review leadership and officer's salaries, which may raise concerns about potential misuse of funds or lack of oversight in financial matters. Overall, based on the information provided, it appears that the National Association Of Guardsmen Inc may have governance deficiencies. It is important for the organization to address these issues and implement necessary policies and practices to ensure effective and transparent governance.

Organization Growth

The National Association of Guardsmen Inc has experienced significant growth over the given time period. Program service revenue increased from $198.0K in 2019 to $434.4K in 2022, indicating a substantial growth in the organization's primary source of income. Additionally, total revenue increased from $151.0K in 2015 to $434.5K in 2022, demonstrating overall growth in the organization's financial resources. However, it is worth noting that the organization's investment income decreased from $6.1K in 2019 to $130 in 2022, which may require further investigation to determine the impact on the organization's overall financial health. Furthermore, total expenses increased from $33.0K in 2019 to $1.3M in 2022, suggesting a significant increase in the organization's expenditures. Overall, despite some fluctuations in specific line items, the National Association of Guardsmen Inc has experienced growth in terms of program service revenue and total revenue over the given time period.