Overview
What is Navy Legacy Flight Foundation Inc?
Navy Legacy Flight Foundation Inc is a nonprofit organization based in Jackson, Wyoming. Established in 2019, it entered into a five-year contract with the United States Navy to participate in Navy airshows across various locations in the U.S. The foundation leverages civilian-owned vintage military aircraft, for which it receives reimbursement from the Navy, and in turn, compensates the aircraft owners for related operating costs. The primary purpose of this program is to bolster Navy recruitment efforts and foster public interest in naval aviation. By providing vintage military aircraft and civilian pilots at Navy-led airshows, the foundation aims to support Navy recruitment and maintain and grow public interest in the Navy's aviation program.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (69%)
The Navy Legacy Flight Foundation Inc has received a rating of "Needs Improvement" from Charity Navigator, reflecting a score of 69%. This rating indicates concerns regarding the organization's financial accountability and transparency. While the foundation has a strong score for its program expense ratio at 97.07%, evidencing that a significant portion of its funds goes directly to programming, there are significant gaps in other areas, particularly in financial documentation and governance policies.
The organization is commendable for having a fully independent board, which is a positive aspect of its governance structure. However, it has failed to implement essential policies such as a conflict of interest policy, whistleblower policy, and document retention protocols. The absence of financial statements and the posting of its tax form on its website further detracts from its overall accountability. These shortcomings may hinder potential donors' confidence in the organization's financial practices.
Overall, while the Navy Legacy Flight Foundation Inc demonstrates a commitment to its mission through high program expenses, it must address its governance deficiencies to enhance transparency and trustworthiness. Prospective supporters should consider these factors carefully when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Navy Legacy Flight Foundation Inc legitimate?
Navy Legacy Flight Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Navy Legacy Flight Foundation 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: $0
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What is the mission statement of Navy Legacy Flight Foundation Inc?
The Navy Legacy Flight Foundation Inc's mission is centered around supporting the United States Navy's recruiting program and fostering public interest in the Navy's aviation program. They accomplish this by providing vintage military aircraft and civilian pilots for United States Navy lead airshows across various locations in the country. The foundation enters into contracts with the Navy, receiving reimbursement for the participation of civilian-owned vintage aircraft in these airshows. In turn, the civilian aircraft owners are compensated for the related operating costs. This program aims to enhance naval recruiting efforts and increase public interest in naval aviation.
Who is the CEO of Navy Legacy Flight Foundation Inc?
Paul Wood is the Executive Director of Navy Legacy Flight Foundation Inc.
What is the revenue of Navy Legacy Flight Foundation Inc?
Navy Legacy Flight Foundation Inc's revenue in 2022 was $732,770.
Who are the executives of Navy Legacy Flight Foundation Inc and what are their salaries?
There 12 volunteers at Navy Legacy Flight Foundation Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Navy Legacy Flight Foundation Inc?
Navy Legacy Flight Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Navy Legacy Flight Foundation Inc
Navy Legacy Flight Foundation, a nonprofit organization, is committed to supporting the United States Navy recruiting program and fostering public interest in the Navy's aviation program. They achieve this by providing vintage military aircraft and civilian pilots for United States Navy lead airshows across the nation. The foundation's mission is twofold: firstly, to aid the Navy in its recruitment efforts, and secondly, to stimulate public interest in naval aviation.
In May 2019, Navy Legacy Flight Foundation entered into a five-year contract with the United States Navy. Under this agreement, the foundation provides civilian-owned and operated vintage military aircraft to participate in Navy airshows at various locations within the U.S. The Navy reimburses the foundation for these costs, and the foundation in turn compensates the civilian aircraft owners for their expenses related to the Navy lead airshows. This program serves to enhance Navy recruiting efforts and boost public interest in naval aviation.
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Impact
October, 2024
The Navy Legacy Flight Foundation Inc plays a pivotal role in enhancing the public's awareness and appreciation of the United States Navy's aviation program. By providing vintage military aircraft and experienced civilian pilots at U.S. Navy-led airshows, the foundation creates dynamic and engaging displays of naval aviation that captivate audiences across the country.
Since entering a five-year contract with the U.S. Navy in May 2019, the foundation has contributed significantly to naval recruiting efforts. The participation of vintage aircraft alongside modern Navy assets draws significant crowd attention and interest, fostering a deeper connection between the public and the Navy. By showcasing the historical and contemporary aspects of naval aviation, the foundation effectively communicates the importance of the Navy's mission and the opportunities available within it.
Overall, the foundation helps maintain the legacy of naval aviation while simultaneously attracting potential recruits, ensuring that the tradition of naval excellence continues to thrive in public consciousness. Through its efforts, the Navy Legacy Flight Foundation Inc not only supports the Navy's recruitment goals but also enriches cultural appreciation for aviation and military history.
This information is meant to be a general summary of Navy Legacy Flight 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $732,769
- Gross Receipts: $732,770
Assets and Liabilities:
- Total Assets: $281,614
- Total Liabilities: $0
- Net Assets: $281,614
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
US NAVY Air Show Reven
Revenue
$653,968
US NAVYAirshowTrainRei
Revenue
$71,988
US NAVYProgramMktgReim
Revenue
$6,813
Organization Details
Founding Year
2008
Phone
(307) 733-9251Principal Officer
Paul Wood
Main Address
PO BOX 489, JACKSON, WY, 83001
NTEE Category
Code: A80 - Arts
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