Overview
What is Hai Foundation Inc?
Hai Foundation Inc, based in Alexandria, Virginia, is a nonprofit organization committed to promoting helicopter safety and education. They offer various scholarships to foster the development of qualified helicopter pilots, maintenance technicians, and safety managers, among others. Additionally, the foundation preserves historical data related to the helicopter, contributing to the understanding of its evolution and development.
Official website here: www.haifoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
Hai Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial practices and accountability. The organization has a low overall score of 56%, suggesting it falls short in meeting certain critical standards for nonprofit operations. While it boasts 100% independent board members and strong governance policies, the charity's financial health is in question due to a high liabilities-to-assets ratio and a dismal program expense ratio.
The strengths of Hai Foundation Inc lie in its governance and oversight, with perfect scores for components such as the independent board size and the presence of essential policies like conflict of interest and whistleblower protections. These aspects reflect a commitment to ethical management and transparency at the organizational level. However, the charity has not made its tax forms available on its website, which raises concerns about transparency.
On the financial front, the organization faces challenges, notably a program expense ratio of only 14.79%, indicating that a very small percentage of its expenses are directed towards its programs. This, combined with a liabilities-to-assets ratio of 129.38%, suggests that the charity may be operating with significant financial strain. Overall, while Hai Foundation Inc demonstrates good governance, its financial practices warrant caution for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Hai Foundation Inc legitimate?
Hai Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hai 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.haifoundation.org
What is the mission statement of Hai Foundation Inc?
The Hai Foundation Inc, in its mission, is dedicated to promoting helicopter safety and education, and preserving historical data related to the helicopter's development and history. The foundation aims to ensure the availability of qualified helicopter pilots, maintenance technicians, and safety managers by offering various scholarships. Moreover, it provides further training opportunities for professionals in the safety field. The Hai Foundation Inc also focuses on preserving historical data related to helicopters, contributing to the understanding and appreciation of this vital mode of transportation.
Official website here: www.haifoundation.org
Who is the CEO of Hai Foundation Inc?
Unavailable The CEO's salary of Hai Foundation Inc is $0 and their total compensation is $735,126.
Official website here: www.haifoundation.org
What is the revenue of Hai Foundation Inc?
Hai Foundation Inc's revenue in 2022 was $44,400.
Official website here: www.haifoundation.org
Who are the executives of Hai Foundation Inc and what are their salaries?
There 9 volunteers at Hai Foundation Inc.
Here are 11 key members and their salaries (Hai Foundation Inc's CEO's salary is $0 and their total compensation is $735,126):
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- Related: $701,346
- Other: $33,780
- Compensation: $0
- Related: $235,371
- Other: $28,880
Official website here: www.haifoundation.org
Where can I find the form 990 for Hai Foundation Inc?
Hai Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.haifoundation.org
Learn more at the official website: www.haifoundation.org
Mission Statement of Hai Foundation Inc
The Hai Foundation Inc, with a mission deeply rooted in promoting helicopter safety and education, and preserving historical data related to the helicopter, is dedicated to this cause. Established with the objective of fostering helicopter safety, the foundation aims to educate and train individuals in various aspects of helicopter operations. This includes offering scholarships for qualified helicopter pilots, maintenance technicians, and professionals in the safety field, providing them with further training to ensure the highest standards of safety. In addition to this, the Hai Foundation Inc is committed to preserving the history and development of the helicopter, safeguarding valuable data for future generations.
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Impact
August, 2024
Hai Foundation Inc has a significant impact on promoting helicopter safety and education while also preserving historical data related to the helicopter industry. Through its various programs and initiatives, such as offering scholarships for qualified helicopter pilots, maintenance technicians, safety managers, and other professionals in the safety field, the foundation plays a vital role in addressing the need for skilled individuals in the helicopter industry. By focusing on community improvement and education, Hai Foundation Inc contributes to enhancing safety standards and fostering expertise within the helicopter sector.
This information is meant to be a general summary of Hai 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $43,900
- Gross Receipts: $44,400
Assets and Liabilities:
- Total Assets: $17,992
- Total Liabilities: $637,962
- Net Assets: -$619,970
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Organization Details
Founding Year
1983
Phone
(703) 683-4646Main Address
1920 Ballenger Avenue, Alexandria, VA, 22314
Website
www.haifoundation.orgNTEE Category
Code: S41 - Community improvement
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