Overview
What is The Aed Foundation Inc?
The Aed Foundation Inc, located in Schaumburg, Illinois, is a nonprofit organization dedicated to empowering industry employees by offering educational seminars, webinars, and an independent study program. Their mission is to foster continuous learning and improve the skills and leadership abilities of employees in various sectors such as sales, customer management, finance, parts, service, product support, and human resources. The independent study program allows managers to acquire industry-specific management education without leaving their workplace. The foundation aims to enhance the success of its member companies by providing educational opportunities and improving the quantity and quality of available employees for the future.
Official website here: www.aedfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Aed Foundation Inc has demonstrated strong accountability and financial management, earning a Four-Star rating from Charity Navigator. This rating reflects a commitment to transparency and good governance, with all board members being independent and a dedicated audit and oversight committee in place. The organization has scored perfectly in several areas, including conflict of interest policies and asset management, indicating effective oversight and operational integrity.
However, there are some areas where the foundation could improve, particularly regarding its program expense ratio which is at 59.67%. This suggests that a relatively low percentage of its total expenses are directed towards its programs compared to administrative and fundraising costs. Additionally, while fundraising efficiency appears to be effective with a $0.00 cost ratio, it raises questions about how the organization engages with potential donors and sustains its fundraising efforts.
In summary, The Aed Foundation Inc has successfully established a foundation of strong financial practices and accountability. Continued focus on enhancing program expenditures could further bolster its impact and efficiency in achieving its philanthropic goals.
This AI summary has been generated from information found on Charity Navigator.
Is The Aed Foundation Inc legitimate?
The Aed Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Aed 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: $160,680
Professional Fundraising Fees: $0
Other Salaries and Wages: $447,227
For more financial information, click here
Official website here: www.aedfoundation.org
What is the mission statement of The Aed Foundation Inc?
The Aed Foundation's mission is centered around enhancing the success of its member companies. It achieves this by promoting continuous learning and offering educational opportunities for current employees. The primary goal is to improve the quantity and quality of future employees. To accomplish this, the foundation conducts management-level educational seminars and webinars, focusing on various professional skills and leadership abilities, such as sales, customer management, finance, parts, service, product support, human resources, and branch management. Additionally, the Independent Study Program, a part of professional education, provides management education without requiring individuals to leave their offices or homes, offering 17 available course modules in industry-specific management education.
Official website here: www.aedfoundation.org
Who is the CEO of The Aed Foundation Inc?
Brian Mcguire is the President of The Aed Foundation Inc.
Official website here: www.aedfoundation.org
What is the revenue of The Aed Foundation Inc?
The Aed Foundation Inc's revenue in 2022 was $4,125,761.
Official website here: www.aedfoundation.org
Who are the executives of The Aed Foundation Inc and what are their salaries?
There 23 volunteers at The Aed Foundation Inc.
Here are 25 key members and their salaries:
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Official website here: www.aedfoundation.org
Where can I find the form 990 for The Aed Foundation Inc?
The Aed Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aedfoundation.org
Learn more at the official website: www.aedfoundation.org
Mission Statement of The Aed Foundation Inc
The Aed Foundation, a distinguished organization, prioritizes the enhancement of success for its affiliate companies by championing continuous learning and offering educational opportunities. It aims to bolster the skillset and leadership abilities of today's employees, consequently improving the quantity and quality of potential future workforce. The foundation achieves this goal by providing management-level educational seminars and webinars, focusing on various areas such as sales, customer management, finance, parts, service, product support, human resources, and branch management.
In addition to its seminars, The Aed Foundation offers an Independent Study Program, a functional component of its professional education. This program allows managers to further their education without the need to leave their workplace or home. It provides seventeen available course modules, offering industry-specific management education in people management and skills, sales and customer management, and the functional areas of parts, service, finance, and rental. By encouraging continuous learning and providing ample educational opportunities, The Aed Foundation plays a pivotal role in empowering its member companies and their employees to achieve greater success.
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Impact
October, 2024
The Aed Foundation Inc significantly enhances the capabilities of member companies in the AED industry by fostering continuous learning and providing vital educational opportunities. Through management-level seminars and webinars, it equips industry employees with essential skills in critical areas such as sales, customer management, finance, parts, and service. This investment in professional development translates to enhanced leadership abilities, ultimately driving the success of these companies.
Furthermore, the foundation offers an Independent Study Program that allows managers to engage in professional education without the need to leave their workplaces. With seventeen specialized course modules focused on industry-specific management education, employees can improve their skills in people management, sales, and various functional areas crucial to the AED industry's operations.
By prioritizing education and development, The Aed Foundation Inc not only uplifts current employees but also ensures a stronger, more competent workforce for the future, thereby improving both the quantity and quality of available talent in the industry.
This information is meant to be a general summary of The Aed 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: $87,524
- Program Service Revenue: $526,138
- Gross Receipts: $4,275,828
Assets and Liabilities:
- Total Assets: $6,931,539
- Total Liabilities: $237,348
- Net Assets: $6,694,191
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATIONAL PROGRAMS
Revenue
$343,977
ASSESSMENTS
Revenue
$174,973
ACCREDITATIONS
Revenue
$7,188
Organization Details
Founding Year
1991
Phone
(630) 574-0650Principal Officer
Brian Mcguire
Main Address
650 E ALGONQUIN ROAD SUITE 305, SCHAUMBURG, IL, 60173
Website
www.aedfoundation.orgNTEE Category
Code: B99Z - Education
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