Overview
What is North Carolina Center For Automotive Research Inc?
The North Carolina Center for Automotive Research Inc, based in Garysburg, North Carolina, is a dedicated nonprofit organization. Their primary mission involves constructing and operating an automotive testing and research facility. This facility serves to foster interest in vehicle research and promote the efficient use of fossil fuels and alternative fuels in motor transportation. The center also actively promotes driver education and safety, contributing to the advancement of the automotive industry in North Carolina. With a team of 31 dedicated individuals, the center plays a pivotal role in shaping the future of automotive technology and sustainability.
Official website here: www.nccar.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
The North Carolina Center for Automotive Research Inc has received a two-star rating, indicating a need for improvement. While the organization demonstrates strong governance with 100% of its board members being independent, it struggles significantly in financial transparency, as indicated by the absence of financial statements. This lack of documentation affects its overall accountability score, limiting trust among potential donors and stakeholders.
Strengths of the organization include a high program expense ratio of 97.06%, suggesting that the majority of its spending goes directly towards its mission-related activities. Additionally, it has no material diversion of assets, which indicates responsible management of its resources. The presence of a conflict of interest policy and maintained board meeting minutes further highlights its commitment to ethical governance.
However, the organization faces notable limitations, particularly in its financial reporting and transparency efforts. The absence of key policies such as a whistleblower policy and document retention procedures, along with missing financial statements on its website, detracts from its credibility. Addressing these issues could significantly improve its rating and foster greater trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Center For Automotive Research Inc legitimate?
North Carolina Center For Automotive Research Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Center For Automotive Research 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $141,496
For more financial information, click here
Official website here: www.nccar.us
What is the mission statement of North Carolina Center For Automotive Research Inc?
The North Carolina Center for Automotive Research Inc has a mission to establish and manage an automotive testing and research facility. This mission is geared towards promoting and enhancing the efficient use of both fossil fuels and alternative fuels in motor transportation. The center aims to foster interest in vehicle research and provides a facility for vehicle testing. Additionally, it focuses on driver education and safety.
Official website here: www.nccar.us
What is the revenue of North Carolina Center For Automotive Research Inc?
North Carolina Center For Automotive Research Inc's revenue in 2023 was $756,300.
Official website here: www.nccar.us
Who are the executives of North Carolina Center For Automotive Research Inc and what are their salaries?
The average compensation at North Carolina Center For Automotive Research Inc during 2023 was $7,075. There are 20 employees and 10 volunteers at North Carolina Center For Automotive Research Inc.
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Official website here: www.nccar.us
Where can I find the form 990 for North Carolina Center For Automotive Research Inc?
North Carolina Center For Automotive Research Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nccar.us
Learn more at the official website: www.nccar.us
Mission Statement of North Carolina Center For Automotive Research Inc
The North Carolina Center for Automotive Research Inc is dedicated to constructing and managing an automotive testing and research facility. Its primary objective is to foster and improve the efficient utilization of both fossil fuels and alternative energy sources in motor transportation. The organization aims to stimulate interest in vehicle research, providing a venue for vehicle testing, and promoting driver education and safety. By doing so, the North Carolina Center for Automotive Research Inc contributes to the advancement of the automotive industry, focusing on sustainable and environmentally friendly solutions for motor transportation.
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Impact
July, 2024
North Carolina Center For Automotive Research Inc's impact lies in its commitment to building and operating an automotive testing and research facility, as well as promoting and enhancing the efficient use of fossil fuels and alternative fuels in motor transportation. By providing a facility for vehicle testing, promoting driver education and safety, and fostering interest in vehicle research, this organization plays a crucial role in advancing scientific research in the field of automotive technology. Through its mission and activities, North Carolina Center For Automotive Research Inc contributes to the development of safer, more efficient, and environmentally friendly vehicles for the future.
This information is meant to be a general summary of North Carolina Center For Automotive Research 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: $258
- Program Service Revenue: $702,907
- Gross Receipts: $756,300
Assets and Liabilities:
- Total Assets: $8,727,249
- Total Liabilities: $1,872,566
- Net Assets: $6,854,683
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DRIVER TRAINING
Revenue
$388,505
ENGINEERING & DEVELOPMENT
Revenue
$212,405
DRIVER TRAINING
Revenue
$93,997
TRACK RENTAL
Revenue
$8,000
Organization Details
Founding Year
2005
Principal Officer
Gary Brown
Website
www.nccar.usNTEE Category
Code: U99 - Science research
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