Military Officers Benevolent Corporation
Military Officers Benevolent Corporation
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About this organization
Mission
The Military Family Support Trust is one of the nation's leading non-profit organizations that provides support to enlisted personnel, veterans and their families. We are committed to helping those who have served our country in their time of need. We do this by funding programs that provide the much-needed support that our military families need.
About
Based in Sun City Center, Florida, the Military Family Support Trust (MFST) is the non-profit arm of the Retired Officers Corporation (ROC) at Freedom Plaza. As a leading organizations for providing support for veterans and enlisted personnel and their families, the organization was created so that the ROC could offer much-needed military family support functions such as scholarships on a tax-exempt basis. Widely known for raising money for college scholarships for the children of military personnel, we also fund programs and organizations that cater to veterans and military families. Currently, we have over $3,000,000 in investments, managed by Bank of Tampa, from which we try to use only the interest to fund our projects. The money we use for our activities has been donated to us from institutions such as USAA, as well as interest from generous bequests we've received from veterans, and tax-deductible donations we receive from caring individuals who want to make a difference in the lives of those who serve our country. Also known as the Military Officers Benevolent Corporation (MOBC), which is our legal name, our organization has been helping military families since August 24, 1992. The ROC decided to register Military Family Support Trust as a dba (or "doing business as" ) of Military Officers Benevolent Corporation to prevent confusion about whom we offer services to. With the word "officers" in the organization's title, it suggested that our services were limited to officers, which they are very definitely not.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Financial grants and scholarships to uniformed officers & nco e-5 and above families.”.
When referring to its responsibilities, they were outlined as: “Financial grants and scholarships to uniformed officers & nco e-5 and above families.”.
- The state in which the non-profit is legally registered to operate is FL, as per legal records.
- According to the non-profit's form, they have 2 employees on their payroll as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is -$116,728.
- The CEO compensation strategy within the organization is not based on a review and approval from an impartial entity.
- The organization has 12 independent voting members.
- The organization was formed in 1992.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $26,672 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.