Overview
What is Nbaa Charities?
NBAA Charities is a notable nonprofit organization situated in Washington D.C. Their primary mission involves soliciting, collecting, and distributing funds to various organizations that utilize business aircraft for charitable purposes or promote education about the value of such aircraft. NBAA Charities supports a range of philanthropic organizations and initiatives, specifically those that employ general aviation airplanes for humanitarian causes. Their activities extend beyond simple fundraising, as they contribute to numerous projects and initiatives that harness the potential of business aircraft for the betterment of society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (59%)
Nbaa Charities has received a low rating of 59%, which signifies concerns regarding its accountability and financial practices. The organization has notably struggled with governance, indicated by the lack of independent board members, which raises questions about oversight and transparency. Although the organization does not have any material diversion of assets, the significant liabilities-to-assets ratio suggests potential financial instability.
On a positive note, Nbaa Charities demonstrates strong program expense ratios, indicating that a large portion of its expenditures goes directly to its programs. Additionally, the organization has implemented policies such as conflict of interest, whistleblower, and document retention, which are essential for maintaining ethical standards and accountability in operations. However, the absence of key documents on their website, including the tax form, limits their transparency.
Overall, while Nbaa Charities shows a commitment to its mission through program funding, the governance and transparency issues highlighted by its low score warrant further scrutiny for potential donors and stakeholders. Addressing these concerns could help improve their standing and foster greater trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Nbaa Charities legitimate?
Nbaa Charities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nbaa Charities 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 Nbaa Charities?
NBAA Charities' mission is to raise funds for various philanthropic organizations and initiatives that utilize general aviation airplanes for humanitarian purposes. The primary objective of this organization is to support causes that involve the charitable use of business aircraft, promote education about business aviation, and demonstrate its broader value. NBAA Charities solicits, collects, and distributes funds to organizations that align with these goals, contributing to their initiatives and efforts.
Who is the CEO of Nbaa Charities?
Edward M Bolen is the Chairman & President of Nbaa Charities.
What is the revenue of Nbaa Charities?
Nbaa Charities's revenue in 2022 was $82,226.
Who are the executives of Nbaa Charities and what are their salaries?
There 1 volunteer at Nbaa Charities.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $2,088,048
- Other: $90,168
- Compensation: $0
- Related: $187,164
- Other: $16,432
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Nbaa Charities?
Nbaa Charities's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nbaa Charities
NBAA Charities, a notable philanthropic organization, aims to raise funds for various charitable organizations and initiatives that leverage general aviation aircraft for humanitarian purposes. Its mission is multifaceted, involving the solicitation, collection, and distribution of funds to organizations involved in charitable uses of business aircraft, as well as promoting education about business aircraft and other efforts that highlight their broader value. By supporting these initiatives, NBAA Charities contributes to the wider community, demonstrating the potential of business aviation to make a positive impact.
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Impact
October, 2024
Nbaa Charities significantly influences humanitarian efforts by raising funds that support various philanthropic organizations and initiatives utilizing general aviation airplanes for crucial missions. By soliciting, collecting, and distributing these funds, Nbaa Charities fosters the charitable use of business aircraft, ensuring resources are directed towards impactful causes.
The organization plays a vital role in educating the public about the value of business aircraft in these humanitarian efforts, emphasizing how aviation can expand access to healthcare, disaster relief, and other critical services. Through their work, Nbaa Charities enhances awareness and appreciation for the potential of aviation to effect positive change in communities, ultimately demonstrating the broader societal benefits of business aviation.
This information is meant to be a general summary of Nbaa Charities. 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.
- Gross Receipts: $96,044
Assets and Liabilities:
- Total Assets: $488,854
- Total Liabilities: $467,386
- Net Assets: $21,468
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Organization Details
Founding Year
1994
Phone
(202) 783-9000Principal Officer
Edward M Bolen
Main Address
1200 G STREETNW Suite 1100, WASHINGTON, DC, 20005
NTEE Category
Code: Z99 - Unknown
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