Overview
What is University Of The Aftermarket Foundation?
The University of the Aftermarket Foundation is a nonprofit organization based in Bethesda, Maryland. Their primary mission is to support educational programs within the automotive aftermarket industry. This support comes in the form of scholarships and grants, aiming to nurture individuals seeking to contribute to the industry's success. The foundation is committed to providing educational opportunities and fostering innovation through the funding of research, development, and adult education methods. Their work contributes to the growth and development of the automotive aftermarket sector.
Official website here: www.uofa-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The University Of The Aftermarket Foundation has received a strong rating of 92%, which highlights its commendable performance in accountability and financial management. This score is derived entirely from its accountability and finance metrics, emphasizing the organization’s commitment to maintaining high standards in these areas. A Four-Star rating indicates that it consistently meets and exceeds best practices for transparency and financial health.
One of the key strengths of the foundation is its independent governance, with 98% of its board members being independent, ensuring that decisions are made without conflicts of interest. The organization has also demonstrated robust financial oversight, as evidenced by a low liabilities to assets ratio of 0.39% and a program expense ratio of 78.09%, which reflects a strong allocation of resources towards its mission-related activities. Furthermore, the foundation has established comprehensive policies, including those for conflict of interest and whistleblower protections, reinforcing its commitment to ethical practices.
While the overall data points to a well-managed organization, it is important for potential donors and stakeholders to continue monitoring its performance and impact on the community it serves. Transparency in reporting and maintaining independent oversight will be crucial for sustaining trust and effectiveness in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is University Of The Aftermarket Foundation legitimate?
University Of The Aftermarket Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Of The Aftermarket 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.
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Official website here: www.uofa-foundation.org
What is the mission statement of University Of The Aftermarket Foundation?
The University of the Aftermarket Foundation's mission is centered around supporting the education of individuals aiming to contribute to the success of the automotive aftermarket industry. This is accomplished through providing scholarships for individuals interested in pursuing careers within the industry or attending related courses. Additionally, the foundation supports research, development, and the utilization of innovative methods for educating adults within the aftermarket sector.
Official website here: www.uofa-foundation.org
Who is the CEO of University Of The Aftermarket Foundation?
Robert Egan is the Chairman of University Of The Aftermarket Foundation.
Official website here: www.uofa-foundation.org
What is the revenue of University Of The Aftermarket Foundation?
University Of The Aftermarket Foundation's revenue in 2022 was $1,414,550.
Official website here: www.uofa-foundation.org
Who are the executives of University Of The Aftermarket Foundation and what are their salaries?
There 50 volunteers at University Of The Aftermarket Foundation.
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Official website here: www.uofa-foundation.org
Where can I find the form 990 for University Of The Aftermarket Foundation?
University Of The Aftermarket Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.uofa-foundation.org
Learn more at the official website: www.uofa-foundation.org
Mission Statement of University Of The Aftermarket Foundation
The University of the Aftermarket Foundation is committed to supporting the education of individuals who aspire to contribute to the success of the automotive aftermarket industry. Their mission is twofold: firstly, they provide scholarships to individuals interested in pursuing a career in this sector or attending industry-related courses. Secondly, they support the research, development, and utilization of innovative methods to educate adults in this field. By offering scholarships and investing in educational programs, the University of the Aftermarket Foundation aims to foster the growth and development of the automotive aftermarket industry.
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Impact
July, 2024
The University Of The Aftermarket Foundation impacts the automotive aftermarket industry by supporting the education of individuals who are interested in pursuing careers in this field. Through scholarships and grants, the Foundation helps students attend industry-related courses and supports innovative methods of educating adults. By investing in the education and development of individuals in the automotive aftermarket industry, the Foundation contributes to the success and growth of this sector.
This information is meant to be a general summary of University Of The Aftermarket 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: $396,675
- Gross Receipts: $2,507,000
Assets and Liabilities:
- Total Assets: $9,711,515
- Total Liabilities: $23,191
- Net Assets: $9,688,324
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Organization Details
Founding Year
1985
Phone
(301) 654-6664Principal Officer
Robert Egan
Main Address
7101 WISCONSIN AVENUE SUITE 1300, BETHESDA, MD, 20814
Website
www.uofa-foundation.orgNTEE Category
Code: B82 - Education
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