Overview
What is Vero Beach Airshow Inc?
Vero Beach Airshow Inc is a nonprofit organization based in Vero Beach, Florida, with a primary focus on community service and support. Their mission is multi-faceted, encompassing the honor of military personnel, both past and present, as well as future veterans. They strive to create a welcoming environment for military recruitment, offering affordable, family-friendly entertainment. Additionally, the airshow provides aviation education about both military and civilian flight and aircraft. In promotion of Vero Beach, its municipal airport, and local businesses, the airshow encourages volunteerism and community support for its significant annual event.
Official website here: www.veroairshow.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Vero Beach Airshow Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and transparency. The organization boasts a perfect score for having a majority of independent board members, demonstrating strong governance. Additionally, it has an impressive program expense ratio of 99.88%, suggesting that nearly all funds are directed towards its programs and mission.
However, the organization has some significant limitations in its financial reporting practices. Notably, it lacks financial statements and has not posted its tax form on its website, which are critical components for transparency. Furthermore, the absence of a whistleblower policy and document retention policy raises concerns about internal governance and accountability.
Overall, while Vero Beach Airshow Inc shows strengths in board independence and program spending, the gaps in financial documentation and policies could hinder its credibility with potential donors and stakeholders. These factors are essential for building trust and ensuring the organization's long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Vero Beach Airshow Inc legitimate?
Vero Beach Airshow Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vero Beach Airshow 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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Official website here: www.veroairshow.com
What is the mission statement of Vero Beach Airshow Inc?
The mission of Vero Beach Airshow Inc is centered around community service and support. It primarily aims to honor and recognize the contributions of all individuals who have served in the armed forces, encompassing both past, present, and future veterans. The airshow also strives to create a welcoming environment for military recruitment. Additionally, it provides affordable, wholesome family entertainment, offering aviation education about both military and civilian flight and aircraft. The event promotes the city it is held in, as well as local businesses, and encourages volunteerism and community support for what is known as the largest single entertainment event in the city's history.
Official website here: www.veroairshow.com
Who is the CEO of Vero Beach Airshow Inc?
Robert Paugh is the President of Vero Beach Airshow Inc.
Official website here: www.veroairshow.com
What is the revenue of Vero Beach Airshow Inc?
Vero Beach Airshow Inc's revenue in 2022 was $859,943.
Official website here: www.veroairshow.com
Who are the executives of Vero Beach Airshow Inc and what are their salaries?
There 1200 volunteers at Vero Beach Airshow Inc.
Here are 9 key members and their salaries:
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Official website here: www.veroairshow.com
Where can I find the form 990 for Vero Beach Airshow Inc?
Vero Beach Airshow Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.veroairshow.com
Learn more at the official website: www.veroairshow.com
Mission Statement of Vero Beach Airshow Inc
Vero Beach Airshow Inc is dedicated to serving the community and offering support, with a particular focus on honoring those who have served in the armed forces. The organization aims to create a welcoming environment for military recruitment, providing affordable and wholesome family entertainment. Beyond entertainment, Vero Beach Airshow Inc offers aviation education, shedding light on both military and civilian flight and aircraft. The nonprofit also promotes Vero Beach, the municipal airport, and local businesses in the area. Additionally, Vero Beach Airshow Inc encourages volunteerism and community support, making it a significant contributor to the city's largest single entertainment event. By carrying out these initiatives, the organization plays a crucial role in celebrating its military veterans and engaging the wider community.
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Impact
July, 2024
The impact of Vero Beach Airshow Inc reaches beyond just providing entertainment. It serves as a platform for honoring and supporting those who have served in the armed forces, both past and present. By creating a friendly environment for military recruiting and offering aviation education, the airshow contributes to the promotion of Vero Beach, the municipal airport, and businesses in the area. Additionally, the event encourages volunteerism and community support, making it a significant driver of community engagement and philanthropy.
This information is meant to be a general summary of Vero Beach Airshow 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: $802,996
- Gross Receipts: $859,943
Assets and Liabilities:
- Total Assets: $174,187
- Total Liabilities: $0
- Net Assets: $174,187
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AIR SHOW TICKET SALES
Revenue
$732,588
PY DEFERRED REVENUE RECOGNIZE
Revenue
$70,408
Organization Details
Founding Year
2011
Phone
(772) 231-6902Principal Officer
Robert Paugh
Main Address
2800 OCEAN DRIVE, VERO BEACH, FL, 32963
Website
www.veroairshow.comNTEE Category
Code: T30 - Philanthropy
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