Overview
What is Pennsylvania Automotive Association Foundation?
Pennsylvania Automotive Association Foundation is a nonprofit organization situated in Harrisburg, Pennsylvania. Its primary objective is to contribute, grant funds, and offer assistance to various communities and organizations, not just within Pennsylvania, but across the United States. The foundation serves as a community foundation, receiving gifts and donations, managing them responsibly, and distributing them in alignment with its charitable purpose. The foundation focuses on supporting the automotive industry, providing grants to charitable organizations associated with the new motor vehicle industry, PAA members, and their employees. Additionally, it offers educational opportunities and scholarships for the families of those employed in the new retail motor vehicle industry in Pennsylvania and beyond the United States. In essence, the Pennsylvania Automotive Association Foundation exists to promote and enhance the charitable activities and good works of the new retail motor vehicle industry in Pennsylvania, while also offering educational opportunities to the families of its employees.
Official website here: www.paa-foundation.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 97% (Four-Star out of Four Stars )**ar rating)**
The Pennsylvania Automotive Association Foundation has achieved an impressive 97% overall score from Charity Navigator, reflecting its strong commitment to accountability and finance. The foundation merits particular recognition for its fully independent board, robust financial oversight, and effective governance policies. These attributes suggest a well-managed organization with transparent practices and minimal risk of asset diversion.
The foundation demonstrates excellent financial health, as indicated by a high program expense ratio of nearly 95% and an extremely low fundraising efficiency ratio. This suggests that the majority of funds raised directly support its mission, rather than being consumed by administrative costs. Such metrics indicate a sustainable financial structure, allowing the foundation to effectively allocate resources for its programs.
While the organization excels in governance and financial management, there is limited information on impact measurement or user sentiment from GreatNonprofits, which could provide insight into the foundation's effectiveness in fulfilling its mission. However, the absence of user reviews does not detract from the strong evaluation received from Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Pennsylvania Automotive Association Foundation legitimate?
Pennsylvania Automotive Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pennsylvania Automotive Association Foundation 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: $148,229
For more financial information, click here
Official website here: www.paa-foundation.org
What is the mission statement of Pennsylvania Automotive Association Foundation?
The Pennsylvania Automotive Association Foundation's mission is centered around supporting and enhancing the charitable activities of the new retail motor vehicle industry. The foundation aims to promote good works in this sector, with a significant focus on providing educational opportunities to the families of those employed in this industry. Additionally, the foundation serves as a community foundation, receiving donations, investing and distributing funds to charitable organizations that conduct programs related to the new motor vehicle industry and its employees. Furthermore, the foundation contributes to various communities and organizations across Pennsylvania and the United States through incentives and donor-advised accounts.
Official website here: www.paa-foundation.org
Who is the CEO of Pennsylvania Automotive Association Foundation?
John Devlin is the Board Member of Pennsylvania Automotive Association Foundation.
Official website here: www.paa-foundation.org
What is the revenue of Pennsylvania Automotive Association Foundation?
Pennsylvania Automotive Association Foundation's revenue in 2022 was $9,485,363.
Official website here: www.paa-foundation.org
Who are the executives of Pennsylvania Automotive Association Foundation and what are their salaries?
The average compensation at Pennsylvania Automotive Association Foundation during 2022 was $74,114. There are 2 employees and 13 volunteers at Pennsylvania Automotive Association Foundation.
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Official website here: www.paa-foundation.org
Where can I find the form 990 for Pennsylvania Automotive Association Foundation?
Pennsylvania Automotive Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.paa-foundation.org
Learn more at the official website: www.paa-foundation.org
Mission Statement of Pennsylvania Automotive Association Foundation
The Pennsylvania Automotive Association Foundation, with its primary purpose of acting as a community foundation, is committed to supporting the automotive industry. Its mission, in essence, is to bolster and advocate for the charitable activities and good works of the new retail motor vehicle industry in Pennsylvania. Additionally, the foundation places a significant emphasis on providing educational opportunities and scholarships to the families of individuals employed in this sector, not just in Pennsylvania, but nationwide. By doing so, the Pennsylvania Automotive Association Foundation aims to contribute to the betterment and advancement of the automotive industry and its workforce. In line with its mission, the foundation also extends its support to various communities and organizations across the United States, through incentives and donor-advised accounts, as part of its community outreach initiatives.
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Impact
October, 2024
The Pennsylvania Automotive Association Foundation significantly impacts the automotive industry by acting as a community foundation that receives and manages gifts and contributions, ensuring they are invested wisely for long-term benefit. It provides crucial grants to organizations engaged in programs related to the new motor vehicle industry, which supports both the members of the Pennsylvania Automotive Association (PAA) and their employees.
One of the foundation's key initiatives is to enhance educational opportunities through scholarships aimed at the families of those employed in the retail motor vehicle sector. This focus not only fosters workforce development but also strengthens the community by investing in the education of future generations.
Through various outreach efforts, the foundation contributes to communities across Pennsylvania and beyond, facilitating grants and assistance to a wide range of organizations. Its mission to support, enhance, and promote charitable activities relates directly to the new retail motor vehicle industry, ensuring that the sector remains vibrant and connected to the needs of the community.
This information is meant to be a general summary of Pennsylvania Automotive Association Foundation. 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: $1,561,733
- Program Service Revenue: $23,275
- Gross Receipts: $23,112,478
Assets and Liabilities:
- Total Assets: $61,642,096
- Total Liabilities: $5,648,953
- Net Assets: $55,993,143
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Organization Details
Founding Year
2001
Phone
(717) 255-8311Principal Officer
John Devlin
Main Address
1925 NORTH FRONT STREET, HARRISBURG, PA, 17102
Website
www.paa-foundation.orgNTEE Category
Code: B99 - Education
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