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Katama Airfield Trust

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043437606 ✦ Edgartown, MA ✦ Designated as a 501(c)(3)

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Overview

What is Katama Airfield Trust?

The Katama Airfield Trust is a nonprofit organization dedicated to preserving and maintaining the Katama Airfield in its entirety, including its various facilities. Their mission encompasses designing and planning for the renovation of the historic airfield hangar, while ensuring its operational functionality. This organization operates with the primary objective of providing care and maintenance for the Airfield, focusing on its historic preservation as well as its day-to-day needs. In essence, the Katama Airfield Trust acts to protect and enhance the Katama Airfield for future generations.


Official website here: www.katamaairfieldtrust.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)

Katama Airfield Trust has earned a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The rating is primarily based on the performance in the Accountability & Finance category, where the organization scored 76%. This score reflects a solid commitment to transparency and financial responsibility, although there are some areas needing improvement.

The organization displays strong governance features, such as having a fully independent board and no reported material diversion of assets. Additionally, its program expense ratio is notably high at 99.39%, suggesting that nearly all funds are directed toward its programs. However, the lack of certain policies, including conflict of interest and whistleblower policies, alongside missing documents like annual tax forms on the website, highlights areas where the organization could enhance its operational transparency.

While the charity demonstrates effective financial management, the absence of key governance policies raises concerns regarding best practices. Addressing these limitations could further strengthen its accountability and foster greater trust among supporters and stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Katama Airfield Trust legitimate?

Katama Airfield Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Katama Airfield Trust submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Official website here: www.katamaairfieldtrust.com

What is the mission statement of Katama Airfield Trust?

The Katama Airfield Trust is committed to ensuring the care and maintenance of the Katama Airfield and its facilities. The organization aims to help design and plan for the renovation of the historic Airfield hangar, focusing on its historic preservation and operational needs. Its primary goal is to operate exclusively for the care and maintenance of the Katama Airfield and its facilities.


Official website here: www.katamaairfieldtrust.com

Who is the CEO of Katama Airfield Trust?

Leelee Smith Klein is the Treasurer of Katama Airfield Trust.


Official website here: www.katamaairfieldtrust.com

What is the revenue of Katama Airfield Trust?

Katama Airfield Trust's revenue in 2022 was $23,450.


Official website here: www.katamaairfieldtrust.com

Who are the executives of Katama Airfield Trust and what are their salaries?


Here are 6 key members and their salaries:


Michael J Creato (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leelee Smith Klein (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Januszewski (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold B Findlay (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Bradley (Trustee-Lega)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Greco (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.katamaairfieldtrust.com

Where can I find the form 990EZ for Katama Airfield Trust?

Katama Airfield Trust's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.katamaairfieldtrust.com

Learn more at the official website: www.katamaairfieldtrust.com

Mission Statement of Katama Airfield Trust

The Katama Airfield Trust, a dedicated organization, is committed to the care and maintenance of the Katama Airfield and its facilities. The Trust's primary mission is to facilitate the renovation of the historic Airfield hangar. Moreover, it focuses on the historic preservation and operational needs of the Airfield and its facilities. The Trust operates with the aim of ensuring the exclusive care and maintenance of the Katama Airfield and its facilities. By doing so, it contributes significantly to the upkeep and preservation of this important aviation landmark.

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Impact




June, 2024

Katama Airfield Trust's impact lies in its dedicated efforts towards the care and maintenance of the Katama Airfield and its facilities in Edgartown, MA. Specifically, the trust aims to help design and plan for the renovation of the historic Airfield hangar, thereby contributing to the historic preservation and operational needs of the Airfield. By operating exclusively for the care and maintenance of the Katama Airfield, the trust plays a crucial role in ensuring the continued viability and legacy of this important community asset.




This information is meant to be a general summary of Katama Airfield Trust. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$23,450 (2022)
Expenses
$77,038 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $2,450
  • Gross Receipts: $23,450

Assets and Liabilities:

  • Total Assets: $32,312
  • Total Liabilities: $0
  • Net Assets: $32,312

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Organization Details

Principal Officer

Leelee Smith Klein

Main Address

12 MATTAKESETT WAY/PO BOX 3453, EDGARTOWN, MA, 02539

NTEE Category

Code: C34 - Environment

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