Overview
What is The Academy Of Model Aeronautics Inc?
The Academy of Model Aeronautics Inc., located in Muncie, Indiana, is a nonprofit organization dedicated to fostering the construction of model aircraft, encouraging design, and promoting participation in national and international flying competitions. With an aim to educate and support its members, they maintain a museum and library as resources. The organization serves approximately 158,646 members through its educational programs, which are primarily focused on model aircraft building, designing, and competition participation. The Academy of Model Aeronautics Inc. boasts a workforce of 61 individuals, committed to promoting this engaging hobby and fostering a sense of community among its members.
Official website here: www.modelaircraft.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)**
The Academy Of Model Aeronautics Inc has received an impressive rating of 94% from Charity Navigator, indicative of strong Accountability & Finance practices. However, this rating is calculated solely from this single beacon score, which may not reflect the full spectrum of the organization's impact and effectiveness, as aspects like Leadership & Adaptability and Culture & Community were not evaluated.
Strengths of the organization include an independent board composed entirely of 14 members, robust financial oversight practices, and no reported material diversion of assets. The Program Expense Ratio is notably high at 68.65%, suggesting that a significant portion of funds is directed towards its programs, though the tax form is missing from the nonprofit's website, which limits transparency.
Unfortunately, specific user reviews from GreatNonprofits could not be fetched, which leaves out potentially valuable insights from individuals familiar with the organization's work. Overall, while the financial health of The Academy Of Model Aeronautics Inc is commendable, its broader organizational effectiveness and community impact remain less clear.
This AI summary has been generated from information found on Charity Navigator.
Is The Academy Of Model Aeronautics Inc legitimate?
The Academy Of Model Aeronautics Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Academy Of Model Aeronautics 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: $248,079
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,577,176
For more financial information, click here
Official website here: www.modelaircraft.org
What is the mission statement of The Academy Of Model Aeronautics Inc?
The Academy of Model Aeronautics Inc's mission is centered around promoting educational programs. Their primary objective is to encourage the construction of model aircraft and actively engage members in national and international flying competitions. To further enhance their educational endeavors, they maintain a museum and library, serving as valuable resources for their approximately 158,646 members. These initiatives aim to foster a community of enthusiasts, providing opportunities for learning and growth in the field of model aeronautics.
Official website here: www.modelaircraft.org
What is the revenue of The Academy Of Model Aeronautics Inc?
The Academy Of Model Aeronautics Inc's revenue in 2023 was $9,093,789.
Official website here: www.modelaircraft.org
Who are the executives of The Academy Of Model Aeronautics Inc and what are their salaries?
The average compensation at The Academy Of Model Aeronautics Inc during 2023 was $52,320. There are 54 employees and 300 volunteers at The Academy Of Model Aeronautics Inc.
Here are 21 key members and their salaries:
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- Compensation: $105,467
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- Other: $17,568
Official website here: www.modelaircraft.org
Where can I find the form 990 for The Academy Of Model Aeronautics Inc?
The Academy Of Model Aeronautics Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.modelaircraft.org
Learn more at the official website: www.modelaircraft.org
Mission Statement of The Academy Of Model Aeronautics Inc
The Academy of Model Aeronautics Inc is committed to fostering an educational environment that encourages its members to construct model aircraft and engage in competitive flying events on a national and international scale. To further facilitate this mission, the organization maintains a museum and a library, serving as valuable resources to assist and educate its members. With approximately 158,646 members benefitting from these initiatives, The Academy of Model Aeronautics Inc plays a significant role in promoting the art and science of model aviation.
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Impact
July, 2024
The Academy of Model Aeronautics Inc's impact is primarily seen in its efforts to promote educational programs that encourage the building of model aircraft, designing, and participation in flying contests on the national and international levels. With approximately 158,646 members served, the organization also maintains a museum and library to further educate and assist its members. Through these initiatives, the Academy of Model Aeronautics Inc plays a significant role in fostering a community of model aviation enthusiasts and advancing the hobby on a broader scale.
This information is meant to be a general summary of The Academy Of Model Aeronautics 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 2023.
- Investment Income: $126,271
- Program Service Revenue: $7,892,862
- Gross Receipts: $9,697,811
Assets and Liabilities:
- Total Assets: $13,951,814
- Total Liabilities: $7,182,861
- Net Assets: $6,768,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$7,077,069
AVIATION MAGAZINE
Revenue
$484,391
CLUB CHARTER FEES
Revenue
$269,545
EVENT SANCTIONS
Revenue
$58,555
WEBSITE ADVERTISING
Revenue
$3,302
Organization Details
Founding Year
1966
Principal Officer
Chad Budreau
Website
www.modelaircraft.orgNTEE Category
Code: N500 - Recreation
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