Overview
What is International Society Of Transport Aircraft Trading Foundation?
The International Society of Transport Aircraft Trading Foundation is a nonprofit organization situated in Chicago, Illinois. Their primary mission is to support individuals and institutions that foster an interest in, create opportunities for, and provide assistance to the global aviation community. Their initiatives encompass various aspects, such as awarding scholarships to students pursuing aviation-related degrees, offering internship opportunities, granting funding to educational institutions, museums, and nonprofits to stimulate commercial aviation interest, engaging in humanitarian aid efforts where commercial aviation plays a role, and enabling students to participate in an aviation finance certificate program. Essentially, the foundation aims to promote the advancement of commercial aviation and humanitarianism.
Official website here: www.foundation.istat.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The International Society of Transport Aircraft Trading Foundation has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is solely based on the charity's performance in Accountability & Finance, indicating a strong commitment to financial transparency and responsible management of resources.
The organization demonstrates robust governance practices, with 100% of its board members being independent. It has also received perfect scores for several key policies, including conflict of interest and whistleblower policies, which enhance its accountability framework. Furthermore, the charity’s program expense ratio of 82.44% suggests that a significant portion of its funds is directed towards its mission-related activities.
While the overall score is commendable, the rating is heavily weighted on financial accountability. Stakeholders may want to explore additional aspects such as program impact and community feedback to gain a more comprehensive understanding of the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is International Society Of Transport Aircraft Trading Foundation legitimate?
International Society Of Transport Aircraft Trading Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Society Of Transport Aircraft Trading 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:
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Official website here: www.foundation.istat.org
What is the mission statement of International Society Of Transport Aircraft Trading Foundation?
The International Society of Transport Aircraft Trading Foundation supports individuals and institutions that contribute to the advancement of commercial aviation and humanitarianism. Their mission is accomplished through five programs. These programs aim to foster interest in aviation, create opportunities for individuals seeking careers in the field, provide funding to educational institutions and nonprofit organizations for commercial aviation education, offer humanitarian aid efforts where commercial aviation plays a crucial role, and provide students with the opportunity to participate in an aviation finance certificate program.
Official website here: www.foundation.istat.org
Who is the CEO of International Society Of Transport Aircraft Trading Foundation?
Megan King is the Chair of International Society Of Transport Aircraft Trading Foundation.
Official website here: www.foundation.istat.org
What is the revenue of International Society Of Transport Aircraft Trading Foundation?
International Society Of Transport Aircraft Trading Foundation's revenue in 2022 was $1,641,553.
Official website here: www.foundation.istat.org
Who are the executives of International Society Of Transport Aircraft Trading Foundation and what are their salaries?
There 50 volunteers at International Society Of Transport Aircraft Trading Foundation.
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Official website here: www.foundation.istat.org
Where can I find the form 990 for International Society Of Transport Aircraft Trading Foundation?
International Society Of Transport Aircraft Trading Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundation.istat.org
Learn more at the official website: www.foundation.istat.org
Mission Statement of International Society Of Transport Aircraft Trading Foundation
The International Society of Transport Aircraft Trading Foundation is dedicated to supporting individuals and institutions that foster the advancement of commercial aviation and humanitarianism. This nonprofit organization carries out its mission by sponsoring five programs that encourage interest in aviation, create opportunities, and offer assistance to the global aviation community.
One of the foundation's initiatives is providing scholarships to academically-qualified students pursuing an aviation-related degree at an accredited university. This support helps to nurture the next generation of aviation professionals. In addition, the foundation offers internship opportunities for students seeking careers in aviation, providing them with valuable hands-on experience.
The foundation also extends its support to educational institutions, museums, and other nonprofit organizations through grants. These grants aim to stimulate commercial aviation interest at various academic levels, ensuring a continuous flow of knowledge and innovation. Furthermore, the International Society of Transport Aircraft Trading Foundation engages in humanitarian aid efforts, where commercial aviation plays a crucial role. Lastly, the foundation offers students the opportunity to participate in an ISTAT University Certificate Program focusing on aviation finance, further equipping them with essential skills.
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Impact
July, 2024
The International Society Of Transport Aircraft Trading Foundation's impact is significant in supporting individuals and institutions that promote the advancement of commercial aviation and humanitarianism. The Foundation carries out various programs to foster interest in the global aviation community, including providing scholarships to students pursuing aviation-related degrees, offering internship opportunities, granting funds to educational institutions and museums to stimulate interest in commercial aviation, supporting humanitarian aid efforts involving commercial aviation, and providing students with opportunities to participate in an ISTAT University certificate program focusing on aviation finance. Through these initiatives, the Foundation contributes to the growth and development of the aviation industry while also making a difference in humanitarian causes.
This information is meant to be a general summary of International Society Of Transport Aircraft Trading 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.
- Investment Income: $143,530
- Gross Receipts: $2,885,207
Assets and Liabilities:
- Total Assets: $6,523,764
- Total Liabilities: $697,288
- Net Assets: $5,826,476
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Organization Details
Founding Year
2006
Phone
(312) 321-5169Principal Officer
Megan King
Main Address
330 N WABASH AVENUE, CHICAGO, IL, 60611
Website
www.foundation.istat.orgNTEE Category
Code: B82 - Education
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