Overview
What is Vertical Flight Foundation?
The Vertical Flight Foundation, located at 2700 Prosperity Avenue, Fairfax, Virginia 22031, is a nonprofit organization that primarily focuses on providing scholarships. Its mission is to support individuals who are likely to embark on a career in vertical flight technology. By offering these scholarships, the foundation aims to foster the growth and development of professionals in this specialized field. The organization operates with a dedication to advancing vertical flight technology through educational support.
Is Vertical Flight Foundation legitimate?
Vertical Flight Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vertical Flight 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: $0
For more financial information, click here
What is the mission statement of Vertical Flight Foundation?
The Vertical Flight Foundation's mission is to support individuals with a likelihood of pursuing a career in vertical flight technology by providing them with scholarships. This non-profit organization aims to foster growth and innovation in the field of vertical flight technology by investing in future professionals. The scholarships provided by the Foundation serve as a stepping stone for these individuals, helping them to further their education and contribute to advancements in the field. The Foundation's activities primarily revolve around offering financial aid to those showing potential in vertical flight technology.
What is the revenue of Vertical Flight Foundation?
Vertical Flight Foundation's revenue in 2023 was $113,210.
Who are the executives of Vertical Flight Foundation and what are their salaries?
There 3 volunteers at Vertical Flight Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $183,419
- Other: $7,054
- Compensation: $0
- Related: $134,624
- Other: $2,102
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Vertical Flight Foundation?
Vertical Flight Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Vertical Flight Foundation
The Vertical Flight Foundation, an esteemed organization, is dedicated to providing scholarships for individuals who show potential in pursuing a career in vertical flight technology. By offering these scholarships, the Foundation aims to foster the growth and development of individuals in this specialized field. By investing in talented individuals, the Vertical Flight Foundation is contributing to the advancement of vertical flight technology, which has the potential to revolutionize various industries and society as a whole.
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Impact
October, 2024
The Vertical Flight Foundation significantly impacts the aviation industry by providing scholarships to individuals pursuing careers in vertical flight technology. By investing in the education of future professionals, the foundation helps foster a skilled workforce that is essential for advancing vertical flight innovations, such as helicopters and drones. This support not only enhances individual career opportunities but also contributes to the growth and sustainability of the vertical flight sector. The foundation’s efforts in scholarships bridge the gap between academic pursuits and practical applications, ensuring that the next generation of engineers and technologists is well-prepared to meet the evolving challenges of the industry.
This information is meant to be a general summary of Vertical Flight 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 2023.
- Investment Income: $32,529
- Gross Receipts: $113,210
Assets and Liabilities:
- Total Assets: $1,329,171
- Total Liabilities: $62,379
- Net Assets: $1,266,792
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Organization Details
Founding Year
1970
Principal Officer
Michael Hirschberg
NTEE Category
Code: B00 - Education
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