Overview
What is Central Florida Aerospace Academy Foundation Inc?
Central Florida Aerospace Academy Foundation Inc, located in Lakeland, Florida, is a nonprofit organization dedicated to supporting students in Polk County. Their primary mission is to provide aviation-based scholarships for high school students aged 16 to 23, enabling them to pursue flight training, airframe and powerplant training, and college tuition in aviation-related fields. This foundation aims to foster aerospace educational opportunities for local students, thereby contributing to their personal growth and future careers in this field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Central Florida Aerospace Academy Foundation Inc has received a Two-Star rating from Charity Navigator, primarily due to its strong accountability and finance metrics, which account for 100% of the rating. The organization boasts a perfect score in several areas, including a fully independent board and a low liabilities to assets ratio of 0.24%. With a high program expense ratio of 98.67%, it demonstrates a significant commitment to allocating funds towards its programs.
User feedback from Great Nonprofits reflects a positive sentiment towards the foundation, particularly in terms of the quality of education provided. One reviewer praised the academy for offering an excellent educational experience in aviation, highlighting the staff's dedication to the students. This feedback suggests that the academy is effectively fulfilling its mission of providing superior education to aspiring aviation professionals.
However, the overall rating indicates there may be areas where improvement is needed, particularly in organizational transparency or effectiveness, as suggested by the two-star designation. Despite the positive reviews, potential donors or supporters might want to consider these factors when evaluating their support for the foundation.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Central Florida Aerospace Academy Foundation Inc legitimate?
Central Florida Aerospace Academy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Florida Aerospace Academy 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
For more financial information, click here
What is the mission statement of Central Florida Aerospace Academy Foundation Inc?
The Central Florida Aerospace Academy Foundation Inc's mission is centered around supporting high school students from Polk County. This organization provides aviation-based scholarships, enabling these students to undergo private pilot training, airframe and powerplant training, and pursue college education in aviation-related fields. The James C. Ray Scholarship Fund is a part of their initiatives, offering scholarship opportunities for students aged between 16 and 23, encompassing flight training and college tuition in aviation fields.
Who is the CEO of Central Florida Aerospace Academy Foundation Inc?
Tracy T Neal is the Secretary/Ceo Until 09/26/2022 of Central Florida Aerospace Academy Foundation Inc. The CEO's salary of Central Florida Aerospace Academy Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Central Florida Aerospace Academy Foundation Inc?
Central Florida Aerospace Academy Foundation Inc's revenue in 2022 was $495,154.
Who are the executives of Central Florida Aerospace Academy Foundation Inc and what are their salaries?
There 3 volunteers at Central Florida Aerospace Academy Foundation Inc.
Here are 6 key members and their salaries (Central Florida Aerospace Academy Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $179,509
- Other: $39,825
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $103,444
- Other: $42,502
Where can I find the form 990 for Central Florida Aerospace Academy Foundation Inc?
Central Florida Aerospace Academy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Central Florida Aerospace Academy Foundation Inc
Central Florida Aerospace Academy Foundation Inc is committed to supporting students in Polk County by providing them with aerospace educational opportunities. The organization's mission is to offer high school students from Polk County scholarships for private pilot training, airframe and powerplant training, and college tuition in aviation-related fields. This is accomplished through the James C. Ray Scholarship Fund, which provides financial assistance for Polk County students aged 16 to 23. By investing in the aerospace education of these students, Central Florida Aerospace Academy Foundation Inc aims to inspire and equip the next generation of aerospace professionals.
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Impact
July, 2024
Central Florida Aerospace Academy Foundation Inc's impact is significant in supporting students in Polk County to achieve aerospace educational opportunities. Through initiatives like the James C Ray Scholarship Fund, the foundation provides flight training and college tuition scholarships for Polk County students aged 16 through 23. By offering aviation-based scholarships for private pilot training, airframe and powerplant training, and college tuition in aviation-related fields, the foundation is helping high school students in Polk County pursue their dreams in the aerospace industry. This support not only benefits the individual students but also contributes to the growth and development of the aerospace sector in the region.
This information is meant to be a general summary of Central Florida Aerospace Academy 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.
- Investment Income: $5,824
- Gross Receipts: $495,154
Assets and Liabilities:
- Total Assets: $1,553,422
- Total Liabilities: $3,775
- Net Assets: $1,549,647
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Organization Details
Founding Year
2009
Phone
(863) 644-2431Principal Officer
Tracy T Neal
Main Address
4075 JAMES C RAY DRIVE, LAKELAND, FL, 33811
NTEE Category
Code: B82 - Education
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