National Mounted Warfare Foundation
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- Only 25% of its spending went to programs.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
TO HONOR THE LEGACY OF MOUNTED WARFARE IN A WAY THAT PROVIDES UNIQUE EDUCATIONAL EXPERIENCES FOR SOLDIERS AND THEIR FAMILIES AND FOR THE CIVILIAN COMMUNITY ACROSS THE NATION. PRESERVES, INTERPRETS AND TELLS THE STORY OF SOLDIERS WHO HAVE SERVED IN MOUNTED UNITS. DEPICTS THE HISTORY AND VALUE OF KILLEEN/CENTRAL TEXAS AND ITS UNIQUE RELATIONSHIP WITH THE FORT CAVAZOS COMMUNITY.
- Income
- $3.1 million
- Spending
- $537,514
- Spent on programs
- 25%
- Reserves
- 0.7 months of spending
- Largest source of income
- donations and private grants, 97%
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 36 out of 100. Higher than 8% of charities in its peer group (arts and culture, $1m to $10m).
Reserves
4 of 35Spendable reserves would cover 0.7 months of spending.
Debt
2 of 20It owes 99% of what it owns.
Living within its means
15 of 15Income exceeded spending by 82% of income.
Income trend
15 of 15Income rose 354% on the year before.
Spending floor
0 of 1525% of spending went to programs and raising each dollar of donations cost 4 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 68 out of 100. Higher than 17% of charities in its peer group (arts and culture, $1m to $10m).
Independent board
25 of 2524 of 24 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $132,061 spent. EDUCATION PROGRAM: THE NMWF CONTINUES TO SUSTAIN OUR STAFF EDUCATION IN MUSEUM PLANNING AND DESIGN, AS WELL AS FUNDRAISING, THROUGH WEB-BASED AND IN-PERSON TRAINING. NMWF STAFF CONTINUED TO RECEIVE MENTORSHIP FROM THE CENTER FOR MILITARY HISTORY (CMH) ON MUSEUM DESIGN AND MANAGEMENT. THIS YEAR, STAFF WAS IN ATTENDANCE FOR THE ASSOCIATION OF THE UNITED STATES (AUSA) ANNUAL CONFERENCE TO LEARN ABOUT CONTEMPORARY TRENDS AND ISSUES EFFECTING THE ARMY.
- PUBLIC INFORMATION (PI) PROGRAM: THE NMWF CONTINUES TO FOCUS ON RAISING AWARENESS OF THE MUSEUM PROJECT AND SOLICIT SUPPORT FOR THE FUNDRAISING EFFORT. THIS INCLUDED NUMEROUS PUBLIC INFORMATION PRESENTATIONS, LOCAL COMMUNITY EVENTS, AND SOCIAL MEDIA INTERACTIONS. THE FOUNDATION CONTINUED A PARTNERSHIP WITH KVUE-TV IN AUSTIN TO RAISE FUNDS AND AWARENESS FOR THE MUSEUM PROJECT WITH THE FOUNDATION'S BRICK CAMPAIGN.
- HISTORICAL PROGRAM: OUR HISTORICAL PROGRAM CONTINUES TO COLLECT THE ORAL HISTORIES OF MOUNTED WARFARE SOLDIERS THROUGH OUR CONTINUING "YOUR STORY" CAMPAIGN. CURRENTLY, THESE STORIES ARE SHARED THROUGH THE FOUNDATION'S SOCIAL MEDIA PAGES AND WILL BE FEATURED IN THE MUSEUM UPON COMPLETION. THE NMWF CONTINUES TO CO-HOST THE ANNUAL CENTRAL TEXAS MILITARY HISTORY SYMPOSIUM. THE FOUNDATION SUSTAINS PARTNERSHIPS WITH THE US ARMY CENTER OF MILITARY HISTORY (CMH), MUSEUM OF THE PACIFIC WAR, AND THE TEXAS MILITARY FORCES MUSEUM.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2011.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.