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Academy Of Model Aeronautics Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 461336590 ✦ Muncie, IN ✦ Designated as a 501(c)(3)

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Overview

What is Academy Of Model Aeronautics Foundation Inc?

The Academy of Model Aeronautics Foundation Inc, located in Muncie, Indiana, is a nonprofit organization dedicated to supporting various charitable endeavors affiliated with the Academy of Model Aeronautics, Inc. The foundation's primary mission is to contribute to the exempt activities of this parent organization, ensuring its growth and success in promoting model aviation. The Academy of Model Aeronautics, Inc., is a well-established entity that encourages the development and enjoyment of model aviation as a hobby and educational tool. The foundation's role is integral in supporting the organization's goals and initiatives.


Official website here: www.amafoundation.modelaircraft.org

Is Academy Of Model Aeronautics Foundation Inc legitimate?

Academy Of Model Aeronautics Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Academy Of Model Aeronautics 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: $22,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,060

For more financial information, click here


Official website here: www.amafoundation.modelaircraft.org

What is the mission statement of Academy Of Model Aeronautics Foundation Inc?

The Academy of Model Aeronautics Foundation Inc's mission is centered around supporting the various exempt activities of the Academy of Model Aeronautics. This involves providing assistance and resources to advance the exempt functions of the parent organization. The specific nature of these activities is not specified in the provided information, but it implies that the foundation's role is to aid and contribute to the exempt objectives of the Academy of Model Aeronautics Inc.


Official website here: www.amafoundation.modelaircraft.org

Who is the CEO of Academy Of Model Aeronautics Foundation Inc?

Chad Budreau is the Board Member of Academy Of Model Aeronautics Foundation Inc.


Official website here: www.amafoundation.modelaircraft.org

What is the revenue of Academy Of Model Aeronautics Foundation Inc?

Academy Of Model Aeronautics Foundation Inc's revenue in 2022 was $385,826.


Official website here: www.amafoundation.modelaircraft.org

Who are the executives of Academy Of Model Aeronautics Foundation Inc and what are their salaries?

There 7 volunteers at Academy Of Model Aeronautics Foundation Inc.


Here are 9 key members and their salaries:


Don Bott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rusty Kennedy (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Hanson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Jesky (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Barbee (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Cameron (Liaison To Ec)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelsie Walker (Foundation Director)
  • Compensation: $0
  • Related: $22,078
  • Other: $4,458
James Layne (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Haston (Foundation Director)
  • Compensation: $0
  • Related: $20,427
  • Other: $2,355


Official website here: www.amafoundation.modelaircraft.org

Where can I find the form 990 for Academy Of Model Aeronautics Foundation Inc?

Academy Of Model Aeronautics Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.amafoundation.modelaircraft.org

Learn more at the official website: www.amafoundation.modelaircraft.org

Mission Statement of Academy Of Model Aeronautics Foundation Inc

The Academy of Model Aeronautics Foundation Inc is committed to supporting the diverse exempt activities of the Academy of Model Aeronautics, Inc. In essence, its mission is to contribute to and facilitate the various charitable initiatives undertaken by the Academy of Model Aeronautics. This support encompasses a wide range of activities, aiming to enhance and promote the organization's objectives.

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Impact




October, 2024

The Academy of Model Aeronautics Foundation Inc significantly enhances the aviation and aeronautics community by supporting a wide range of activities related to model aviation. Its efforts foster education, promote safe flying practices, and encourage the development of skills in aerodynamics and engineering. By dedicating resources to these endeavors, the foundation nurtures a passion for flight among enthusiasts of all ages.

Through organized events, workshops, and educational programs, the foundation engages participants in hands-on learning experiences that inspire creativity and innovation. It also plays a crucial role in promoting responsible model flying, ensuring that enthusiasts are aware of safety regulations and best practices. This focus not only protects pilots and spectators but also fosters a sense of community among model aviation aficionados.

Furthermore, the foundation’s commitment to the arts aspect of aeronautics enriches cultural appreciation and appreciation for craftsmanship within the hobby. By supporting various exempt activities of the Academy of Model Aeronautics, the foundation contributes to the preservation and promotion of model aviation as a dynamic and inclusive recreational pursuit.




This information is meant to be a general summary of Academy Of Model Aeronautics 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.

Revenue
$385,826 (2022)
Expenses
$207,134 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$3,478
  • Gross Receipts: $472,554

Assets and Liabilities:

  • Total Assets: $1,521,774
  • Total Liabilities: $130,608
  • Net Assets: $1,391,166

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Organization Details

Founding Year

2012

Principal Officer

Chad Budreau

Main Address

5161 E MEMORIAL DR, MUNCIE, IN, 47302

NTEE Category

Code: A50 - Arts

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