Overview
What is National Institute Of Aerospace Foundation?
The National Institute Of Aerospace Foundation is a nonprofit organization situated in Hampton, Virginia. Its primary role is to support and advance the objectives of the National Institute of Aerospace Associates. This encompasses promoting charitable, educational, and research-focused initiatives aligned with the National Institute of Aerospace Associates' mission. During the year, no operations were conducted, and all remaining assets were transferred to the National Institute of Aerospace Associates, leading to the dissolution of the foundation.
Official website here: www.nianet.org/nia-foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
The National Institute of Aerospace Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and finance management. The charity scored 97% in these areas, indicating a strong commitment to transparency and effective governance. The rating is based solely on its accountability and finance performance, showcasing the organization’s dedication to maintaining high standards.
The foundation’s board is comprised of a majority of independent members, with 75% independence, and it has established sound policies including conflict of interest and whistleblower protections. Furthermore, the organization has demonstrated no material diversion of assets and maintains a perfect program expense ratio of 100%, indicating that all its funding is directed toward its mission.
While the rating highlights the organization’s strengths, it also underscores the importance of maintaining these high standards over time. Continuous adherence to accountability measures and effective governance will ensure that the National Institute of Aerospace Foundation remains a trustworthy entity in the nonprofit sphere.
This AI summary has been generated from information found on Charity Navigator.
Is National Institute Of Aerospace Foundation legitimate?
National Institute Of Aerospace Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Institute Of Aerospace 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
Official website here: www.nianet.org/nia-foundation
What is the mission statement of National Institute Of Aerospace Foundation?
The National Institute of Aerospace Foundation's mission is centered around supporting and promoting the advancement of the National Institute of Aerospace Associates. This support extends to its charitable, educational, and research purposes. Despite no operational activities recorded during a certain period, the foundation transferred its remaining assets to its supported organization, the National Institute of Aerospace Associates, and subsequently dissolved.
Official website here: www.nianet.org/nia-foundation
Who is the CEO of National Institute Of Aerospace Foundation?
Douglas D Stanley is the Chair And Trustee of National Institute Of Aerospace Foundation.
Official website here: www.nianet.org/nia-foundation
What is the revenue of National Institute Of Aerospace Foundation?
National Institute Of Aerospace Foundation's revenue in 2022 was $721.
Official website here: www.nianet.org/nia-foundation
Who are the executives of National Institute Of Aerospace Foundation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $5,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $424,336
- Other: $51,566
- Compensation: $0
- Related: $257,830
- Other: $24,800
- Compensation: $0
- Related: $169,732
- Other: $26,910
- Compensation: $0
- Related: $198,984
- Other: $29,563
Official website here: www.nianet.org/nia-foundation
Where can I find the form 990 for National Institute Of Aerospace Foundation?
National Institute Of Aerospace Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nianet.org/nia-foundation
Learn more at the official website: www.nianet.org/nia-foundation
Mission Statement of National Institute Of Aerospace Foundation
The National Institute of Aerospace Foundation's mission is centered around supporting, promoting, and advancing the objectives of the National Institute of Aerospace Associates. This nonprofit organization is dedicated to furthering the charitable, educational, and research purposes of its associated institution. By doing so, it contributes to the broader aerospace community, aiming to advance its aims and purposes. However, it's important to note that during the year in question, the National Institute of Aerospace Foundation did not conduct any operations. Instead, it transferred all its remaining assets to its supported organization, the National Institute of Aerospace Associates, and subsequently dissolved.
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Impact
October, 2024
The National Institute of Aerospace Foundation plays a pivotal role in fostering advancements in aerospace through its support of the National Institute of Aerospace Associates. By aiming to enhance the educational and research initiatives of this organization, the foundation significantly contributes to the development of innovative technologies and scientific knowledge within the aerospace sector. Although recent activities included the transfer of assets to its associated organization before dissolution, the foundation’s overarching mission to promote aerospace research and education continues to impact the community and the broader field of aerospace science. Its efforts have the potential to drive forward important research initiatives, ultimately benefiting the industry and society as a whole.
This information is meant to be a general summary of National Institute Of Aerospace 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: $3
- Gross Receipts: $721
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2007
Phone
(757) 325-6700Principal Officer
Douglas D Stanley
Main Address
100 EXPLORATION WAY, HAMPTON, VA, 236666186
NTEE Category
Code: U113 - Science research
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