Overview
What is National Aerospace Research And Technology Park Inc?
National Aerospace Research and Technology Park Inc, located in Egg Harbor Township, New Jersey, serves as a hub for innovation in the aerospace sector. Their primary objective is to drive the advancement of aerospace sciences by fostering collaborative partnerships between industry, academia, and government entities. This collaboration aims to stimulate innovation, sustain economic growth, and contribute to the development of the next-generation air traffic control system, which is vital for our nation's aviation system. The park operates in a laboratory and operational environment, utilizing emerging technologies for concept and product development.
Official website here: www.nartp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating.
The National Aerospace Research and Technology Park Inc has received a solid Three-Star rating, reflecting an overall score of 80%. This rating is primarily based on the organization's strong performance in Accountability & Finance, indicating a commitment to transparency and responsible financial management. The charity has demonstrated a high level of compliance with governance standards, including a majority of independent board members and robust policies in place.
The organization boasts a commendable program expense ratio of 69.17%, suggesting that a significant portion of its resources is directed towards its mission-driven activities. It also maintains comprehensive oversight mechanisms, including an active Audit and Oversight Committee, which reinforces its financial integrity. The presence of policies for conflict of interest, whistleblower protection, and document retention further indicates a commitment to ethical governance.
While the organization has shown notable strengths in its operations and governance, the rating reflects an overall assessment that may leave room for improvement in areas not directly evaluated by the scoring system. However, the high percentage of independent board members and the absence of material diversions of assets illustrate a foundation of trustworthiness and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is National Aerospace Research And Technology Park Inc legitimate?
National Aerospace Research And Technology Park Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Aerospace Research And Technology Park 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.
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Executive Compensation: $0
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nartp.com
What is the mission statement of National Aerospace Research And Technology Park Inc?
National Aerospace Research and Technology Park Inc's mission is centered around leading the advancement of aerospace sciences. They accomplish this by establishing a collaborative ecosystem involving industry, academia, and government entities. This environment encourages innovation, collaboration, and sustainable economic growth. The primary objective of the park is to conduct research and development, utilizing emerging technologies, in a laboratory and operational setting. It serves as a hub for interaction and innovation among researchers, academics, government, and private industry, spearheading the development of the next generation air traffic control system, known as "NEXTGEN," which is crucial for our nation's aviation system.
Official website here: www.nartp.com
Who is the CEO of National Aerospace Research And Technology Park Inc?
Howard Kyle is the Director (President Of Univ.) of National Aerospace Research And Technology Park Inc.
Official website here: www.nartp.com
What is the revenue of National Aerospace Research And Technology Park Inc?
National Aerospace Research And Technology Park Inc's revenue in 2022 was $686,696.
Official website here: www.nartp.com
Who are the executives of National Aerospace Research And Technology Park Inc and what are their salaries?
There 16 volunteers at National Aerospace Research And Technology Park Inc.
Here are 23 key members and their salaries:
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Official website here: www.nartp.com
Where can I find the form 990 for National Aerospace Research And Technology Park Inc?
National Aerospace Research And Technology Park Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nartp.com
Learn more at the official website: www.nartp.com
Mission Statement of National Aerospace Research And Technology Park Inc
National Aerospace Research and Technology Park Inc is dedicated to spearheading the progression of aerospace sciences. They accomplish this by establishing a collaborative environment that brings together industry, academic, and governmental entities. This partnership fosters innovation, collaboration, and sustainable economic growth. The primary goal of the park is to conduct research and development, utilizing emerging technologies, in a laboratory and operational setting. This research is instrumental in promoting concept and product development, particularly in the development of the Next Generation Air Traffic Control System (NextGen), which is crucial for enhancing our nation's aviation system.
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Impact
July, 2024
The National Aerospace Research And Technology Park Inc plays a pivotal role in advancing aerospace sciences by creating a collaborative ecosystem among industry, academia, and government partners. By fostering innovation and sustainable economic growth, the organization aims to promote research and development in emerging technologies within a laboratory and operational environment. Specifically focused on developing the next generation air traffic control system ("NextGen"), the park serves as a central hub for interaction and innovation among researchers, academic institutions, government entities, and private industry. Through its efforts, the organization contributes significantly to the enhancement of our nation's aviation system and drives forward critical advancements in aerospace technology.
This information is meant to be a general summary of National Aerospace Research And Technology Park 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.
- Gross Receipts: $686,696
Assets and Liabilities:
- Total Assets: $816,931
- Total Liabilities: $4,357,277
- Net Assets: -$3,540,346
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Organization Details
Founding Year
2006
Phone
(609) 365-2183Principal Officer
Howard Kyle
Main Address
600 AVIATION RESEARCH BLVD STE 120, EGG HARBOR TOWNSHIP, NJ, 08234
Website
www.nartp.comNTEE Category
Code: S30 - Community improvement
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