Mission: TO GIVE BACK TO THOSE INDIVIDUALS THAT HAVE SERVED THE UNITED STATES OF AMERICA. WE SERVE THE COMMUNITY OF ACTIVE DUTY, RETIRED AND HONOARBLE DISCHARGED VETERANS
Veteran Tickets Foundation is a 501(c)(3) organization, with an IRS ruling year of 2010, and donations are tax-deductible.
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Encompass Rating System by Charity Navigator
Overall Score
87
out of 100
This charity's score is a passing score.
This overall score is calculated from multiple beacon scores: 85% Finance & Accountability, 10% Leadership & Adaptability, and 5% Culture & Community
Learn about the Encompass Rating System: Overview | FAQ | Release Notes
Finance & Accountability
This score provides an assessment of a nonprofit's financial health (stability, efficiency and sustainability) and its commitment to governance practices and policies.
Finance & Accountability Score
85
out of 100
The score earned by Veteran Tickets Foundation is a passing score
This V6 of the Finance & Accountability Score provides a baseline measure of an organization's health including the indicators listed in the report below.
This score represents Form 990 data from 2020, the latest year electronically filed and published by the IRS.
Finance & Accountability Report
85
of 100 points
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Program Expense Ratio
95.86%
Higher effect on score
More data
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s). This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver.
Program Expense Percentage | Amount of Credit Received |
|---|---|
| 70% or higher | Full Credit |
| 60% - 69.9% | Partial Credit |
| 50% - 59.9% | Zero Points for Program Expense Score |
| Below 50% | Zero Points for Both Program Expense AND Liabilities to Assets Scores |
Source: IRS Form 990
Board Composition
6/10 Independent
Higher effect on score
Charity Navigator looks for at least 3 board members, with more than 50% of those members identified as independent (not salaried).
The presence of an independent governing body is strongly recommended by many industry professionals to allow for full deliberation and diversity of thinking on governance and other organizational matters.
Source: IRS Form 990
Independent Audit or Financial Review
Audited
Higher effect on score
An Audit, Review, or Compilation provides important information about financial accountability and accuracy. Organizations are scored based on their Total Revenue Amount:
Total Revenue Amount | Expectation to Receive Credit |
|---|---|
| $1 million or higher | Expected to complete an audit |
| $500,000 - $1 million | Expected to complete an audit, review, or compilation |
| Less than $500,000 | No expectation (removed from scoring methodology) |
Source: IRS Form 990
Liabilities to Assets Ratio
79.38%
Lower effect on score
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990). This ratio is an indicator of an organization’s solvency and/or long-term sustainability.
Liabilities to Assets Ratio | Amount of Credit Received |
|---|---|
| Less than 50% | Full Credit |
| 50% - 59.9% | Partial Credit |
| 60% or more | No Credit |
Source: IRS Form 990
Website
Listed
Lower effect on score
Charity Navigator looks for a website on the Form 990 as an accountability and transparency metric.
Nonprofits act in the public trust and reporting publicly on activities is an important component.
Source: IRS Form 990
Conflict of Interest Policy
Listed
Lower effect on score
Charity Navigator looks for the existence of a conflict of interest policy on the Form 990 as an accountability and transparency measure.
This policy protects the organization and by extension those it serves, when it is considering entering into a transaction that may benefit the private interest of an officer, director and/or key employee of the organization.
Source: IRS Form 990
Board Meeting Minutes
Documented
Lower effect on score
Charity Navigator looks to confirm on the Form 990 that the organization has this process in place as an accountability and transparency measure.
An official record of the events that take place during a board meeting ensures that a contemporaneous document exists for future reference.
Source: IRS Form 990
Document Retention and Destruction
Listed
Lower effect on score
Charity Navigator looks for the existence of a document retention and destruction policy per the Form 990 as an accountability and transparency measure.
This policy establishes guidelines for the handling, backing up, archiving and destruction of documents. These guidelines foster good record keeping procedures that promote data integrity.
Source: IRS Form 990
Whistleblower Policy
Listed
Lower effect on score
Charity Navigator looks for the existence of a whistleblower policy per the Form 990 as an accountability and transparency measure.
This policy outlines procedures for handling employee complaints, as well as a confidential way for employees to report financial or other types of mismanagement.
Source: IRS Form 990
Additional Information
Unscored
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Total Revenue and Expenses
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Salary of Key Persons
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
MICHAEL A FOCARETO III, PRESIDENT & CEO
$221,368
EDWARD E RAUSCH, CHAIRMAN & COO
$219,992
FLOYD J HOGAN III, DIRECTOR
$216,280
CYNTHIA CREED, TREASURER
$211,155
DWAYNE SOMERS, DIRECTOR
$0
Source: IRS Form 990 (page 7), filing year 2020
Business Master File Data
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Activities:
Activity data not reported from the IRS
Foundation Status:
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Central - the organization is a central type organization (no group exemption) of a National, Regional or Geographic grouping of organizations. (BMF affiliation code: 1)
Data Sources: IRS Forms 990
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).
Pandemic Response
Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them. Charities may submit their own pandemic responses through their nonprofit portal.
Veteran Tickets Foundation reported being impacted by COVID-19 in the following ways:
Program Delivery
Revenue
Balance Sheet
How COVID-19 impacted the organization's operations financially:
Live entertainment was paused with fans for most of 2020 and with that we had less tickets donated and our delivery decrease because of that 2020 revenue decreased over 82%
How COVID-19 impacted the organization's delivery of programs:
in 2019 we delivered over 3 million tickets... in the first 2 months of 2020 (pre covid) we delivered over 470K tickets... and ended the year around 735K... we expected based on the growth curve to be around 4.8 Million tickets given away
How this organization adapted to changing conditions caused by COVID-19:
We just continued to be in touch with our donors while at the same time spending on development on more efficient delivery.
Innovations the organization intends to continue permanently after the pandemic:
we developed a more robust internal CRM product that will allow our staff to stay in constant communication with donors and sponsors. This was not off-the-shelf software... it was developed in-house.
Previous: Finance & Accountability / Next: Leadership & Adaptability
Impact & Results
This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
Impact & Results Score
Not Currently Scored
Veteran Tickets Foundation cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Do you work at Veteran Tickets Foundation? Join the waitlist for an updated Impact & Results score.
Additional Information
Unscored
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Largest Programs
Veteran Tickets Foundation reported its two largest programs on its FY 2020 Form 990 as:
$22,446,312
Spent in most recent FY
99%
Percent of program expenses
1.0 MILLION TICKETS WERE DELIVERED TO ACTIVE DUTY, RETIRED AND HONORABLE DISCHARGED VETERANS.
$57,960
Spent in most recent FY
0%
Percent of program expenses
16 WISHES WERE GRANTED.
Previous: Impact & Results / Next: Culture & Community
Leadership & Adaptability
This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
Leadership & Adaptability Score
100
out of 100
The score earned by Veteran Tickets Foundation is a passing score.
Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.
Leadership & Adaptability Report
100
of 100 points
Mission
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission
TO GIVE BACK TO THOSE INDIVIDUALS THAT HAVE SERVED THE UNITED STATES OF AMERICA. WE SERVE THE COMMUNITY OF ACTIVE DUTY, RETIRED AND HONORABLE DISCHARGED VETERANS AND 1ST RESPONDERS INCLUDING NURSES
Source: Nonprofit submitted responses
Vision
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.
Continue to provide tickets to events which reduce stress, strengthen family bonds, build life-long memories and encourage service members and veterans to stay engaged with local communities and American life. We support our troops by honoring their service and providing positive family and life experiences, during and after their years of service to our country.
Source: Nonprofit submitted responses
Strategic Goals
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Each year our required growth is 50% year over and we have done that each year prior to Covid as seen by the graph on the front of our website. We are back on track this last half of 2021
Goal Type: Grow, expand, scale or increase access to the existing programs and services.
Goal Two: All we do is focus on our core programs... We have 3 programs and will only have 3 programs. Tickets For Troops, Tickets For 1st Responders, and Heros Wish
Goal Type: Focus on core programs to achieve mission and scale back on programs not seen as core.
Goal Three: We continue to look at better ways to deliver event tickets and that includes better way to ship and better ways for computer system to speak to each other
Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).
Source: Nonprofit submitted responses
Leadership Development
The nonprofit provides evidence of investment in leadership development
Describe an investment in leadership
We are very much a technology-driven organization and with that, we require many in our organization to complete online learning and technical training on new possible software investments. Online learning could be API development in new software languages, a framework for new application development. We also have provided tuition reimbursement for business-related classes and online seminars.
Source: Nonprofit submitted responses
Mobilizing for Mission
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
This organization mobilizes for mission in the following ways:
Strategic Partnerships
Raising Awareness
What are this organization’s external mobilizaton efforts?
We have over 660K testimonials that we share with all of our donors creating that complete circle of communication. We work with many other organizations and strategic partners and that list is located https://www.vettix.org/partner-organizations.php
Source: Nonprofit submitted responses
Story of Adaptability
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
Our charity deals with event tickets.... and its very much a supply and demand relationship. In 2020 fans at live entertainment halted for most of the year with select people and venues allowing fans toward the end of the year... We adapted by being in constant communication with our donors and continued relationship improvement to better position ourselves for when restrictions were lifted.
Source: Nonprofit submitted responses
Previous: Leadership & Adaptability
Culture & Community
This score provides an assessment of the organization's culture and connectedness to the community it serves. Learn more about how and why we rate Culture & Community.
Culture & Community Score
100
out of 100
Veteran Tickets Foundation has earned a passing score. The organization provided data about how it listens to constituents (Constituent Feedback) (see report below).
The Culture & Community Beacon is comprised of the following metrics:
Constituent Feedback: 100/100 (100% of beacon score)
Diversity, Equity, & Inclusion: Not Scored
Culture & Community Report
100
of 100 points
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
Diversity, Equity, & Inclusion
This organization has not provided information regarding the diversity, equity and inclusion (DEI) practices it is presently implementing. As such, the organization has not earned a score on this metric. Charity Navigator believes nonprofit organizations implementing effective DEI policies and practices can enhance a nonprofit's decision-making, staff motivation, innovation, and effectiveness.
Methodology
We are utilizing data collected by Candid to document and assess the DEI practices implemented by the organization. Nonprofit organizations are encouraged to fill out the Equity Strategies section of their Candid profiles to receive a rating.
Learn more about the methodology.
Constituent Feedback
100/100 points
100% of beacon score
This organization reported that it is collecting feedback from the constituents and/or communities it serves. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective.
View this organization's Constituent Feedback Practices
Methodology
We've partnered with Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.
Learn more about the methodology.
Analysis and Research
Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Below you can find more information about the metrics we currently evaluate in this beacon and their relevance to nonprofit performance.
