Overview
What is The Aldrin Family Foundation Inc?
The Aldrin Family Foundation Inc, located in Melbourne, Florida, is a nonprofit organization with a mission to advance science education and space exploration. They have undertaken various initiatives to achieve this, such as selling Mars-themed merchandise and auctioning astronaut experiences to raise funds. Additionally, they have a program called "Mars Map" aimed at teaching elementary school children about Mars. In 2022, they partnered with the Clark County School District to create a program allowing students to design and launch satellites. The foundation's objectives also include fostering a public interest in science and technology, particularly space exploration, through the display of space memorabilia at museums and other public venues. The organization is staffed by a small team of four individuals.
Official website here: www.aldrinfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0%
The Aldrin Family Foundation Inc has received a very low rating of 14%, resulting in a Zero-Star out of Four Stars designation. This score indicates serious concerns regarding the charity's accountability and financial practices. The foundation shows weaknesses in key areas such as board independence and financial transparency, with no independent board members and missing financial statements.
Additionally, the foundation lacks essential policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for ensuring ethical governance. While the organization does maintain meeting minutes, the absence of various other important documents further highlights the lack of transparency. The program expense ratio is also concerning at 37.82%, suggesting that a limited portion of its funds is directed towards programs.
In summary, the Aldrin Family Foundation Inc faces significant challenges in governance and financial management, as reflected in its low score from Charity Navigator. Potential donors and stakeholders may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Aldrin Family Foundation Inc legitimate?
The Aldrin Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Aldrin Family 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: $91,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,333
For more financial information, click here
Official website here: www.aldrinfoundation.org
What is the mission statement of The Aldrin Family Foundation Inc?
The Aldrin Family Foundation's mission is centered around promoting education in the domains of science and technology, with a particular focus on space exploration. The organization strives to create an educational pipeline for future space explorers, innovators, and entrepreneurs in the United States. Additionally, they facilitate programs that aim to educate the general public about science and technology, with an emphasis on space exploration. This is achieved through the display of space memorabilia at various museums and public venues.
Official website here: www.aldrinfoundation.org
Who is the CEO of The Aldrin Family Foundation Inc?
Andrew Aldrin is the President of The Aldrin Family Foundation Inc.
Official website here: www.aldrinfoundation.org
What is the revenue of The Aldrin Family Foundation Inc?
The Aldrin Family Foundation Inc's revenue in 2022 was $637,245.
Official website here: www.aldrinfoundation.org
Who are the executives of The Aldrin Family Foundation Inc and what are their salaries?
The average compensation at The Aldrin Family Foundation Inc during 2022 was $72,750. There are 4 employees at The Aldrin Family Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $91,667
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aldrinfoundation.org
Where can I find the form 990 for The Aldrin Family Foundation Inc?
The Aldrin Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aldrinfoundation.org
Learn more at the official website: www.aldrinfoundation.org
Mission Statement of The Aldrin Family Foundation Inc
The Aldrin Family Foundation Inc, named after the renowned astronaut Buzz Aldrin, is dedicated to promoting education in the realms of science and technology, with a particular focus on space exploration. The foundation's mission is twofold. Firstly, it aims to assist in establishing an educational pipeline for the future generation of space explorers, innovators, and entrepreneurs. This involves providing support in various ways to nurture talent and inspire interest in space-related fields.
Secondly, the Aldrin Family Foundation Inc endeavors to foster science literacy among the general public. It accomplishes this by encouraging the display of space memorabilia at museums and other public venues. This approach not only provides a captivating glimpse into the past achievements of space exploration but also inspires curiosity and encourages learning about the scientific principles and technological advancements that make such feats possible. By promoting education in science and technology, with a special emphasis on space exploration, the Aldrin Family Foundation Inc contributes to the broader goal of cultivating a society that values and appreciates the wonders of the cosmos.
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Impact
July, 2024
The Aldrin Family Foundation Inc's impact includes promoting education in science and technology, supporting continued space exploration, and advancing science literacy in the general public. They achieve this through initiatives like creating and selling T-Shirts to raise awareness and promote travel to Mars, auctioning off experiences with astronauts, and running educational programs like the "Mars Map" program for elementary school children. Furthermore, in 2022, the organization partnered with the Clark County School District to develop a program for students to build and launch satellites. Their mission is to assist in creating an educational pipeline for the next generation of space explorers, innovators, and entrepreneurs while educating the public in the fields of science and technology, with a focus on space exploration. Their efforts contribute to fostering interest and knowledge in science research.
This information is meant to be a general summary of The Aldrin Family 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.
- Program Service Revenue: $532,766
- Gross Receipts: $637,245
Assets and Liabilities:
- Total Assets: $51,417
- Total Liabilities: $0
- Net Assets: $51,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Satellite Program
Revenue
$125,000
Space Art
Revenue
$3,844
T-Shirt Sales/Mars Maps
Revenue
$403,922
Organization Details
Founding Year
1998
Phone
(310) 826-1164Principal Officer
Andrew Aldrin
Main Address
440 South Babcock Street, Melbourne, FL, 32901
Website
www.aldrinfoundation.orgNTEE Category
Code: U30 - Science research
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