Overview
What is National Association Of Rocketry?
The National Association of Rocketry, situated in Middletown, Virginia, serves as a member hobby organization dedicated to fostering the educational and scientific aspects of model rocketry. They organize various events to achieve this purpose, including two national-level launches and a national convention. Moreover, they collaborate in the Team America Rocketry Challenge, an annual US competition for 7th to 12th graders, aiming to stimulate interest in science, technology, engineering, and mathematics (STEM) fields for higher education and careers. Through these activities, the Association benefits over 7,000 individuals annually.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The National Association of Rocketry has received an 81% rating from Charity Navigator, reflecting a solid level of accountability and financial management. This rating is primarily derived from their strong performance in various aspects of financial oversight, with a perfect score for independent board membership and well-documented policies. This suggests a commitment to transparency and good governance.
The organization has demonstrated notable strengths, including an independent board composed entirely of members free from conflicts of interest and effective financial controls. They have also established comprehensive policies that cover whistleblower protections and document retention, contributing to their strong accountability score.
However, the program expense ratio of 59.58% indicates that less than two-thirds of their expenses are allocated directly to programs, which may point to potential areas for improvement in maximizing the impact of their funding. Overall, the ratings suggest that while the National Association of Rocketry operates with a high degree of accountability, enhancing direct program spending could further strengthen their organizational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is National Association Of Rocketry legitimate?
National Association Of Rocketry is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Association Of Rocketry 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $142,996
For more financial information, click here
What is the mission statement of National Association Of Rocketry?
The National Association of Rocketry serves as a member-based organization, primarily focused on fostering the educational and scientific aspects of the model rocketry hobby. One of its significant initiatives is the joint sponsorship of the Team America Rocketry Challenge, an annual competition targeting 7th to 12th grade students in the United States. This challenge aims to stimulate interest in science, technology, engineering, and mathematics (STEM) fields, potentially leading to higher education and careers in these sectors. Additionally, the association organizes various events, including national launches and a convention, and participates in international competitions to further promote the hobby of model rocketry. These activities collectively benefit over 7,000 individuals, contributing to the growth and development of the model rocketry community.
Who is the CEO of National Association Of Rocketry?
John Hochheimer is the Secretary of National Association Of Rocketry.
What is the revenue of National Association Of Rocketry?
National Association Of Rocketry's revenue in 2022 was $776,018.
Who are the executives of National Association Of Rocketry and what are their salaries?
The average compensation at National Association Of Rocketry during 2022 was $71,498. There are 2 employees and 1000 volunteers at National Association Of Rocketry.
Here are 9 key members and their salaries:
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Where can I find the form 990 for National Association Of Rocketry?
National Association Of Rocketry's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Association Of Rocketry
The National Association of Rocketry serves as a member hobby organization, dedicated to fostering the educational and scientific aspects of model rocketry. Its primary mission lies in promoting this hobby, partnering with other initiatives to do so. One of the Association's significant contributions is its involvement in the Team America Rocketry Challenge. This competition, aimed at 7th to 12th grade students, encourages an interest in science, technology, engineering, and mathematics (STEM) fields. By participating in this challenge, students have the opportunity to hone their skills in these areas, potentially leading to pursuits in higher education and future careers in these fields. Beyond this competition, the National Association of Rocketry hosts various events that cater to model rocketry enthusiasts, benefiting over 7,000 individuals annually.
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Impact
October, 2024
The National Association of Rocketry (NAR) significantly advances the educational and scientific dimensions of model rocketry. Through its initiatives, it fosters interest in science, technology, engineering, and mathematics (STEM) among young people, encouraging them to pursue higher education and careers in these vital fields.
The NAR organizes national and international events, including two major launches and an annual convention, creating vibrant opportunities for enthusiasts to engage with rocketry on a larger scale. One of its hallmark programs, the Team America Rocketry Challenge, is particularly impactful, as it provides a competitive platform for students in grades 7-12. This challenge not only enhances students' technical skills but also cultivates their passion for aerospace and space science.
With a reach that benefits over 7,000 individuals, the NAR plays a crucial role in shaping the future of rocketry and space exploration, making science accessible and exciting for the next generation. Its activities are instrumental in promoting teamwork, critical thinking, and innovation, contributing to the cultivation of a skilled workforce in STEM fields.
This information is meant to be a general summary of National Association Of Rocketry. 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 2022.
- Investment Income: $26
- Program Service Revenue: $94,305
- Gross Receipts: $776,018
Assets and Liabilities:
- Total Assets: $339,663
- Total Liabilities: $58,020
- Net Assets: $281,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
National Events
Revenue
$50,567
Sport Rocketry
Revenue
$43,738
Organization Details
Founding Year
1957
Principal Officer
John Hochheimer
Main Address
6885 Valley Pike, Middletown, VA, 22645
NTEE Category
Code: U03 - Science research
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