Overview
What is Virginia Satslab Inc?
Virginia Satslab Inc, located in Richmond, Virginia, is a nonprofit organization dedicated to supporting, leading, and facilitating studies, technical research, product development, experiments, and demonstrations. Their primary focus is on advancing a small aircraft transportation system. They aim to organize and assist in the conduct of these activities, contributing to the development of this innovative mode of transportation. Their mission extends beyond just supporting, as they actively lead and organize research and product development efforts in this field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Overall, Virginia Satslab Inc has received a Two-Star out of Four Star rating with a score of 73%. This rating indicates room for improvement, particularly in areas of accountability and transparency. The organization has a strong financial management component, evidenced by a program expense ratio of 93.17%, suggesting that a significant portion of its funding is directed towards its programs.
The organization boasts a fully independent board, with all ten members being independent, and has no material diversion of assets. However, it lacks critical governance policies, including a conflict of interest policy, whistleblower policy, and document retention policies, which have contributed to its lower accountability score.
While Virginia Satslab Inc demonstrates a commitment to its mission through high program spending and a solid board structure, the absence of crucial policies and documentation on its website highlights areas that need attention to enhance its operational effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Satslab Inc legitimate?
Virginia Satslab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Satslab Inc submitted a form 990, 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.
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What is the mission statement of Virginia Satslab Inc?
Virginia Satslab Inc's mission is centered around supporting, leading, and organizing efforts for the conduct of studies, technical research, and product development in the field of small aircraft transportation systems. Their primary objective is to assist in the advancement of this technology, aiming to contribute significantly to its development. They provide leadership, organize projects, and conduct experiments and demonstrations to drive progress in this field. In simpler terms, Virginia Satslab Inc is dedicated to driving the research and development of small aircraft transportation systems, aiming to make advancements in this sector.
Who is the CEO of Virginia Satslab Inc?
John Campbell is the Executive Director of Virginia Satslab Inc.
What is the revenue of Virginia Satslab Inc?
Virginia Satslab Inc's revenue in 2023 was $100,301.
Who are the executives of Virginia Satslab Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Virginia Satslab Inc?
Virginia Satslab Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Virginia Satslab Inc
Virginia Satslab Inc is committed to supporting, organizing, and aiding the conduct of research and product development related to a small aircraft transportation system. The organization provides leadership, organization, and assistance in studies, technical research, and experimental demonstrations to advance the development of this innovative transportation method. By doing so, Virginia Satslab Inc aims to contribute to the progress of small aircraft transportation, potentially revolutionizing the way goods and people are transported in the future.
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Impact
October, 2024
Virginia Satslab Inc plays a crucial role in advancing the development of a small aircraft transportation system through its commitment to supporting and leading studies, technical research, and product development. By organizing and assisting in various experiments and demonstrations, the organization fosters innovation and collaboration among stakeholders in the aviation sector. Its efforts contribute to the enhancement of transportation efficiency, reduction of travel times, and the exploration of new technologies in aviation. With a focus on scientific research, Virginia Satslab Inc is positioned to significantly impact the future of air travel and transportation systems.
This information is meant to be a general summary of Virginia Satslab Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $13,445
- Gross Receipts: $100,301
Assets and Liabilities:
- Total Assets: $1,936,316
- Total Liabilities: $0
- Net Assets: $1,936,316
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Organization Details
Founding Year
2004
Phone
(434) 791-5651Principal Officer
John Campbell
Main Address
5702 GULFSTREAM ROAD, RICHMOND, VA, 23250
NTEE Category
Code: U40 - Science research
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