Overview
What is Airport Research & Development Foundation?
The Airport Research & Development Foundation, also known as ARDF, is a nonprofit organization based in Alexandria, Virginia. Their primary mission revolves around managing and administering funds for charitable, scientific, and educational purposes associated with air travel and transportation security. ARDF facilitates the collection of ground transportation fees for ride-share companies like Uber, Sidecar, and Lyft, as well as limos and app-based taxi services, on behalf of the airport. In return, they receive administrative services fees. Established to serve air travel and transportation security, ARDF plays a crucial role in enabling travelers to conveniently utilize on-demand transportation services while ensuring necessary permitting and liability limitations are in place.
Official website here: www.aaae.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% - Two-Star out of Four Star rating
The Airport Research & Development Foundation has received a Two-Star rating from Charity Navigator, primarily reflecting a score of 74% in the Accountability & Finance category. This score indicates that while the organization demonstrates strong financial oversight and governance policies, there are notable weaknesses in certain areas.
Strengths include a fully independent board and effective financial oversight, with no material diversion of assets reported. The organization has also established comprehensive policies for conflict of interest, whistleblower protection, and document retention, which contributes positively to its accountability standards. However, the foundation's board size is limited, having only two independent members, which detracts from its overall governance score.
A significant area of concern is the high liabilities to assets ratio of 78.87%, suggesting potential financial instability and risk. While the program expense ratio is commendable at 71.89%, indicating a good portion of expenses is directed toward programs, the missing tax form on the nonprofit's website raises transparency issues. Overall, while the foundation has some strong governance practices, its financial health may warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Airport Research & Development Foundation legitimate?
Airport Research & Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Airport Research & Development 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: $1,294,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,797
For more financial information, click here
Official website here: www.aaae.org
What is the mission statement of Airport Research & Development Foundation?
The Airport Research & Development Foundation serves a charitable, scientific, and educational role, focusing on air travel and transportation security. Its primary objective is to manage and distribute funds for these purposes. The Foundation facilitates the use of app-based transportation services, such as Uber, Lyft, and limos, at airports. Since 2016, the Foundation collects administrative services fees from airports for handling ground transportation fees and permitting, allowing travelers to easily utilize on-demand transportation services. In turn, the Foundation uses these fees to further its charitable, scientific, and educational objectives.
Official website here: www.aaae.org
Who is the CEO of Airport Research & Development Foundation?
Todd Hauptli is the Chair of Airport Research & Development Foundation. The CEO's salary of Airport Research & Development Foundation is $365,946 and their total compensation is $2,523,715.
Official website here: www.aaae.org
What is the revenue of Airport Research & Development Foundation?
Airport Research & Development Foundation's revenue in 2022 was $80,961,148.
Official website here: www.aaae.org
Who are the executives of Airport Research & Development Foundation and what are their salaries?
There 2 volunteers at Airport Research & Development Foundation.
Here are 7 key members and their salaries (Airport Research & Development Foundation's CEO's salary is $365,946 and their total compensation is $2,523,715):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $365,946
- Related: $2,073,697
- Other: $84,072
- Compensation: $179,435
- Related: $717,741
- Other: $131,325
- Compensation: $422,788
- Related: $422,788
- Other: $75,004
- Compensation: $196,698
- Related: $327,828
- Other: $81,326
- Compensation: $20,663
- Related: $392,584
- Other: $43,427
Official website here: www.aaae.org
Where can I find the form 990 for Airport Research & Development Foundation?
Airport Research & Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aaae.org
Learn more at the official website: www.aaae.org
Mission Statement of Airport Research & Development Foundation
The Airport Research & Development Foundation is a charitable organization dedicated to managing funds for purposes connected to air travel and transportation security. Its primary mission is to administer and disburse funds for charitable, scientific, and educational endeavors in the realm of air travel and transportation security.
One of the ways the Foundation contributes to this mission is through its App-Based Transportation (ABT) program. This program enables airports to collect ground transportation fees from ride-hailing companies like Uber, Sidecar, and Lyft, as well as limousine and app-based taxi services. In exchange, the Foundation collects administrative services fees on behalf of the airports. These services include fee collection and remittance, ensuring necessary permitting is in place, and allowing travelers to fully utilize the convenience of on-demand transportation services via smartphone apps.
The Airport Research & Development Foundation's role in facilitating these transactions not only benefits the airports but also enhances the overall travel experience for passengers. By efficiently managing these processes, the Foundation plays a crucial part in ensuring a seamless connection between transportation services and air travel.
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Impact
October, 2024
The Airport Research & Development Foundation (ARDF) plays a significant role in enhancing air travel and transportation security through its dedicated programs and initiatives. By focusing on app-based transportation (ABT), ARDF facilitates the integration of innovative ride-sharing services such as Uber, Lyft, and limo services into airport operations. This integration not only expands transportation options for travelers but also ensures that airports can manage ground transportation fees efficiently.
ARDF's ABT program allows airports to maintain necessary permitting and compliance standards, limiting liability while enhancing the convenience for travelers who utilize app-based services. Since 2016, the foundation has streamlined administrative processes by collecting and remitting ground transportation fees on behalf of airports, further supporting smooth operational management.
Through its commitment to scientific and educational purposes related to air travel, ARDF's impact extends beyond immediate services. It fosters a greater understanding of transportation security measures, promoting safer travel environments and enhancing overall passenger experience. This comprehensive approach contributes to the future of air travel and transportation through innovation, collaboration, and a focus on security.
This information is meant to be a general summary of Airport Research & Development 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $63,024,206
- Gross Receipts: $80,961,148
Assets and Liabilities:
- Total Assets: $9,637,708
- Total Liabilities: $7,601,603
- Net Assets: $2,036,105
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APP-BASED TRANSPORTATION
Revenue
$63,024,206
Organization Details
Founding Year
1988
Phone
(703) 824-0500Principal Officer
Todd Hauptli
Main Address
601 MADISON STREET, ALEXANDRIA, VA, 223141756
Website
www.aaae.orgNTEE Category
Code: U11 - Science research
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