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Maam Foundation

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

EIN: 481039353 ✦ Liberal, KS ✦ Designated as a 501(c)(3)

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Overview

What is Maam Foundation?

The Maam Foundation, situated in Liberal, Kansas, is a nonprofit organization dedicated to enriching the community and the Mid-Region of the United States. By providing support for exhibitions and related items, they offer an educational platform for the public, enabling them to gain insight into the nation's aviation history. Their mission is accomplished through displays, exhibits, and educational programs that emphasize the significance and understanding of flight, air transportation, and aviation within our society. The aim is to elevate the image and quality of life in Liberal, Kansas, and beyond.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 13% (Zero-Star out of Four Star rating)

Maam Foundation received a low rating of 13% from Charity Navigator, reflecting significant concerns in several key areas of accountability and finance. The evaluation is primarily based on a lack of independent board members, as none of the board members are independent. Additionally, the organization has failed to implement several essential governance policies, such as conflict of interest and whistleblower policies, which are critical for transparency and accountability.

While the organization has shown a commitment to documenting board meeting minutes, it still falls short in multiple areas, including providing its website on the tax form and failing to post its tax documents on its website. The program expense ratio is also notably low at 45.64%, indicating that a smaller portion of its budget is directed towards its mission-driven programs, which raises concerns about the effectiveness of its operations.

Overall, the Zero-Star rating highlights the need for Maam Foundation to improve its governance practices and enhance its financial accountability to build trust with stakeholders and effectively serve its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Maam Foundation legitimate?

Maam Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maam 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.


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 Maam Foundation?

The Maam Foundation's mission is centered around enhancing understanding and appreciation for flight, air transportation, and aviation. They achieve this goal through the presentation of exhibits, displays, and educational programs. The organization aims to improve the quality of life in various communities by illuminating the significant role of aviation in our society. By supporting museum exhibits and related items, the foundation offers an opportunity for the public to educate themselves about the rich history of aviation in the United States.

Who is the CEO of Maam Foundation?

Steve Merz is the President of Maam Foundation.

What is the revenue of Maam Foundation?

Maam Foundation's revenue in 2022 was $58,386.

Who are the executives of Maam Foundation and what are their salaries?


Here are 6 key members and their salaries:


Steve Merz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Hibbs (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Strickland (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Smith (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Carter (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Lyddon (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Maam Foundation?

Maam Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Maam Foundation

The Maam Foundation, with its mission, strives to elevate the perception and enhance the quality of life in various communities across the Mid-region of the United States. It achieves this goal by presenting educational displays, exhibits, and programs that highlight the significance and comprehension of flight, air transportation, and aviation in our society. By supporting the local museum with exhibits and various items, the Maam Foundation offers the public an opportunity to learn about the nation's aviation history, fostering a deeper understanding and appreciation for this critical aspect of our culture.

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Impact




August, 2024

Maam Foundation's impact can be seen in the enhanced understanding of flight, air transportation, and aviation in society. Through its displays, exhibits, and education programs in Liberal, KS, Maam Foundation provides the public with the opportunity to educate themselves about the nation's aviation history. This not only enriches the community but also contributes to the improvement of the image and quality of life in Liberal and the Mid-region of the U.S. Maam Foundation's commitment to promoting the importance of aviation through arts-related initiatives is commendable and brings valuable cultural and educational benefits to the area.




This information is meant to be a general summary of Maam 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.

Revenue
$58,386 (2022)
Expenses
$26,441 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $37,265
  • Gross Receipts: $58,386

Assets and Liabilities:

  • Total Assets: $1,141,897
  • Total Liabilities: $0
  • Net Assets: $1,141,897

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Organization Details

Founding Year

1987

Principal Officer

Steve Merz

Main Address

PO BOX 2585, LIBERAL, KS, 679052585

NTEE Category

Code: A115 - Arts

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