The board of one of the nation's premiere veterans' advocacy groups has fired the two top executives, according to CBS News.

The 12-year-old organization founded in Roanoke, Virginia, and now based in Jacksonville, Florida, seeks the public's help in aiding wounded service members.

Representatives for the Wounded Warrior Project could not be reached, but CBS reports that CEO Steven Nardizzi and chief operating officer Al Giordano were fired in the wake of criticisms about how the organization was spending more than $800 million raised in donations over the past four years.

CBS found the organization was spending 40 percent to 50 percent on overhead while other veterans' charities spend 10 percent to 15 percent.

One member of the Army told CBS he quit working with the organization after two years in 2014 when he discovered lavish spending and catered parties.

"Going to a nice, fancy restaurant is not team building," Army Staff Sgt. Erick Millette told CBS News. "Staying at a lavish hotel at the beach here in Jacksonville, and requiring staff that lives in the area to stay at the hotel, is not team building."

The group could not be reached via telephone or email Thursday night.

The charity review organization Charity Navigator rates the Wounded Warrior Project two stars out of four when it comes to finances.

The organization in fiscal 2014 was putting 59.9 percent of its funds toward programs, 34 percent toward fundraising and 6.1 percent toward administration.

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