Overview
What is Passenger Vessel Foundation Inc?
The Passenger Vessel Foundation Inc, based in Stoddard, Wisconsin, serves as a nonprofit organization dedicated to supporting the US domestic passenger vessel industry. Their primary mission involves granting funds for educational assistance, research, training, and safety improvements within this sector. The foundation aims to conduct and disseminate research, provide education, and offer scholarships to individuals who align with the interests and objectives of the industry. Additionally, they develop programs to increase public awareness on environmental, business, and maritime issues, ensuring the continued dedication to education and safety within the passenger vessel industry.
Official website here: www.pvfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Passenger Vessel Foundation Inc has received a favorable rating of 83%, indicating a solid performance in accountability and finance. This score reflects the organization's strong governance, with 100% of its board members being independent. The foundation demonstrates transparency by listing its website on tax forms and maintaining proper documentation of board meeting minutes.
Strengths of the organization include a high program expense ratio of 73.34%, showcasing a commitment to using funds for its mission-driven activities. Additionally, there is no record of material diversion of assets, which underscores the integrity of the organization. The foundation also maintains a conflict of interest policy, further enhancing its accountability.
However, a notable limitation is the absence of a whistleblower policy, which received a score of zero in that category. While this does not significantly detract from the overall rating, it indicates an area for potential improvement in governance practices. Overall, the Passenger Vessel Foundation Inc demonstrates effective financial management and accountability, earning its commendable star rating.
This AI summary has been generated from information found on Charity Navigator.
Is Passenger Vessel Foundation Inc legitimate?
Passenger Vessel Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Passenger Vessel 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:
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For more financial information, click here
Official website here: www.pvfoundation.com
What is the mission statement of Passenger Vessel Foundation Inc?
The Passenger Vessel Foundation Inc was established with a mission to ensure the passenger vessel industry continues its commitment to promoting education and developing safety resources. The foundation achieves this by awarding grants for educational assistance, research, training, and improving safety within the maritime industry, with a focus on the US domestic passenger vessel sector. It conducts and disseminates research and educational studies, makes recommendations on issues of common interest to the US-flagged passenger vessel industry, provides education to enhance the capabilities of individuals interested in the industry, offers educational scholarships, and develops public awareness programs addressing industry-related concerns.
Official website here: www.pvfoundation.com
Who is the CEO of Passenger Vessel Foundation Inc?
Robert Mcmahon Jr is the President of Passenger Vessel Foundation Inc.
Official website here: www.pvfoundation.com
What is the revenue of Passenger Vessel Foundation Inc?
Passenger Vessel Foundation Inc's revenue in 2022 was $66,555.
Official website here: www.pvfoundation.com
Who are the executives of Passenger Vessel Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.pvfoundation.com
Where can I find the form 990 for Passenger Vessel Foundation Inc?
Passenger Vessel Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pvfoundation.com
Learn more at the official website: www.pvfoundation.com
Mission Statement of Passenger Vessel Foundation Inc
The Passenger Vessel Foundation Inc was established with a mission to ensure the passenger vessel industry maintains its commitment to advancing education and enhancing safety resources. The organization's primary objective is to support the continuation of this dedication within the maritime industry, specifically focusing on the United States domestic passenger vessel sector. To achieve this, Passenger Vessel Foundation Inc awards grants for educational assistance, research, training, and safety improvements within the industry.
In addition to providing financial aid, the foundation conducts and disseminates research and educational studies, making recommendations on matters of common interest to the U.S.-flagged passenger vessel industry. They also offer education to improve and develop the capabilities of individuals interested in the U.S.-flagged passenger vessel sector. The foundation further awards educational scholarships to individuals who align with the interests and objectives of the U.S.-flagged passenger vessel industry.
Moreover, Passenger Vessel Foundation Inc develops programs of public awareness that address various concerns within the industry, including environmental, business, and maritime issues. By undertaking these activities, the foundation aims to contribute significantly to the overall growth and safety of the passenger vessel industry in the United States.
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Impact
August, 2024
Passenger Vessel Foundation Inc plays a significant role in advancing education and safety resources within the maritime industry, especially concerning US domestic passenger vessels. By awarding grants for educational assistance, research, training, and safety improvements, the foundation actively contributes to the enhancement of safety standards and practices in this sector. Additionally, its efforts to conduct and disseminate research, provide educational scholarships, and develop public awareness programs further strengthen its impact on the industry. Overall, the foundation's commitment to promoting education and safety within the US-flagged passenger vessel industry is crucial for the continued growth and development of this sector.
This information is meant to be a general summary of Passenger Vessel 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: $17,491
- Gross Receipts: $138,489
Assets and Liabilities:
- Total Assets: $728,588
- Total Liabilities: $0
- Net Assets: $728,588
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Organization Details
Founding Year
1994
Principal Officer
Robert Mcmahon Jr
Main Address
PO BOX 88, STODDARD, WI, 54658
Website
www.pvfoundation.comNTEE Category
Code: U99 - Science research
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