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Monaco Air Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 261211672 ✦ Duluth, MN ✦ Designated as a 501(c)(3)

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Overview

What is Monaco Air Foundation Inc?

Monaco Air Foundation Inc is a nonprofit organization based in an unspecified location, primarily focused on financially assisting the Duluth International Airport. They contribute towards drafting a new airport zoning ordinance, a task that would typically be funded by the Duluth Airport Authority or neighboring municipalities. Beyond this, the foundation also provides charitable services to the community directly linked to the airport, services that would otherwise not be available through the Authority itself. Regrettably, due to the impact of the Covid-19 pandemic, they did not offer any services in 2022.

Is Monaco Air Foundation Inc legitimate?

Monaco Air Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monaco Air Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of Monaco Air Foundation Inc?

The Monaco Air Foundation Inc's mission involves providing financial assistance to cover contractor fees for drafting a new airport zoning ordinance, a task typically funded by the Duluth Airport Authority or neighboring municipalities. Additionally, the foundation aims to offer charitable services to the community directly served by the Duluth International Airport, services that would not otherwise be provided by the Authority itself. Unfortunately, no such services were delivered in 2022 due to the impact of the Covid-19 pandemic.

Who is the CEO of Monaco Air Foundation Inc?

Unavailable

What is the revenue of Monaco Air Foundation Inc?

Monaco Air Foundation Inc's revenue in 2022 was $186.

Who are the executives of Monaco Air Foundation Inc and what are their salaries?


Here are 9 key members and their salaries:


Don Monaco (President And Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Magni (Vice-President, Secretary-Treasurer, And Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Fox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Gaddie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pat Mullen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Stewart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elissa Hansen (Nonvoting Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Werner (Nonvoting Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Monaco Air Foundation Inc?

Monaco Air Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Monaco Air Foundation Inc

Monaco Air Foundation Inc, a charitable organization, is committed to supporting its local community, primarily served by the Duluth International Airport. Its mission is twofold. Firstly, it aims to contribute financially towards drafting a new airport zoning ordinance, a responsibility that typically falls on the Duluth Airport Authority or neighboring municipalities. Secondly, Monaco Air Foundation Inc provides charitable services that the Airport Authority does not offer directly to the community. Unfortunately, due to the Covid-19 pandemic, the organization was unable to provide any services in 2022.

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Impact




October, 2024

Monaco Air Foundation Inc significantly impacts the local community by facilitating the development of essential infrastructure and services related to the Duluth International Airport. By donating funds to cover contractor fees for drafting a new airport zoning ordinance, the foundation alleviates financial burdens that would typically fall on the Duluth Airport Authority or neighboring municipalities. This proactive approach not only promotes better airport management but also ensures that the community receives necessary services that would otherwise be overlooked.

The foundation's mission focuses on enhancing public benefit through its initiatives, addressing gaps left by the airport authority. Although there were no services provided in 2022 due to the Covid-19 pandemic, the foundation’s ongoing efforts lay the groundwork for future improvements. Overall, Monaco Air Foundation Inc plays a pivotal role in fostering community development and ensuring that the Duluth International Airport can operate effectively and benefit the local population.




This information is meant to be a general summary of Monaco Air Foundation 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.

Revenue
$186 (2022)
Expenses
$974 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $186
  • Gross Receipts: $186

Assets and Liabilities:

  • Total Assets: $54,676
  • Total Liabilities: $0
  • Net Assets: $54,676

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Organization Details

Main Address

4535 Airport Approach Road, Duluth, MN, 55811

NTEE Category

Code: W99 - Public benefit

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