Galveston Artillery Corporation

The information for Galveston Artillery Corporation is as of the organization's most recent filing in December '21. This organization is located in Galveston, TX. It has been in existence for 32 years, following its founding in 1989.

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 Galveston Artillery Corporation's NTEE code is W30. The "W" tells us that the organization is classified along with Military & Veterans Organizations. The "30" tells us that the organization falls under the Major Classification of Public & Societal Benefit. The NTEE describes Military & Veterans Organizations as membership organizations that promote the interests of veterans or active or retired military personnel who are their members. The organization is governed by Section 7 of the Internal Revenue Code, which is for Social and Recreational Clubs. The mission of the Galveston Artillery Corporation is to serve as a social club for its members.

Program Areas

The social club program area exists for the use of its members. It is not specifically reported by another fund or program within the general fund.

Organization Staffing

Galveston Artillery Corporation is run by John Smith, who is the President. The organization has 24 employees, none of whom are paid over $100k per year. Additionally, there are no volunteers supporting the staff.

Board Governance

The Galveston Artillery Corporation appears to be well-governed based on the provided information. The organization has a total of 9 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further supports the organization's commitment to transparency and ethical practices. The fact that board meetings and committee meetings are documented demonstrates a commitment to accountability and ensures that decisions and discussions are properly recorded. Although the organization does not have a conflict of interest policy or require disclosure of conflicts, the absence of conflicts of interest altogether suggests that the board members are acting in the best interest of the organization and its mission. While the organization does not have specific policies in place such as a whistleblower policy, document retention policy, or substantiation and review of leadership salaries, the fact that they provide copies of the 990 to the board prior to filing indicates a level of financial transparency and oversight. This practice allows board members to review the organization's financial statements and ensure compliance with legal and regulatory requirements. Overall, the Galveston Artillery Corporation demonstrates effective governance practices through its independent board members, documented meetings, and financial transparency. However, the organization could benefit from implementing specific policies such as a conflict of interest policy and whistleblower policy to further enhance its governance structure.

Organization Growth

The Galveston Artillery Corporation, a nonprofit organization, has experienced growth over the given time period. Program service revenue increased from $383.1K in 2015 to $589.4K in 2021, indicating a positive growth trend. Despite a decrease in investment income from $8 in 2015 to $2 in 2021 and other revenue from $36.3K in 2015 to $-48823 in 2021, the overall total revenue increased from $419.4K in 2015 to $540.5K in 2021. Additionally, the organization saw an increase in total employees from 14 in 2015 to 24 in 2021, suggesting expansion. However, employee salaries decreased from $79.3K in 2015 to $30.7K in 2021, and total expenses increased from $416.3K in 2015 to $480.2K in 2021. Despite these fluctuations, the overall growth in program service revenue, total revenue, and total employees indicates that the Galveston Artillery Corporation has grown over the given time period.