Overview
What is Yellow Jacket Flying Club Inc?
Yellow Jacket Flying Club Inc, located in Atlanta, Georgia, is a nonprofit organization dedicated to fostering interest in aviation and aviation safety. Established at Georgia Tech, the club operates four Cessna 172 aircraft, offering members the opportunity to learn and practice aviation techniques and safety protocols. The organization hosts various events throughout the year to engage its members and the local community, showcasing the aviation industry. These events range from local and regional air shows, such as Wings Over North Georgia and The Great Georgia Air Show, to national events like EAA AirVenture in Oshkosh, Wisconsin. The club also hosts aviation-themed talks, speeches, and discussions on the Georgia Tech campus and participates in airport "good neighbor" events and EAA events, like "Young Eagle" flights. Yellow Jacket Flying Club Inc also collaborates with Scouts of America, providing opportunities for scouts to earn merit badges by flying in an airplane. Ultimately, the club's mission is to educate and inspire individuals in the Georgia Tech community and beyond about the aviation industry.
Official website here: www.yjfc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Yellow Jacket Flying Club Inc has achieved a solid rating of 83%, reflecting its strong performance in accountability and finance. This rating is based entirely on a single beacon score that focuses on various governance and financial metrics. The organization has demonstrated a commitment to good practices, particularly with a 100% independent board and no material diversion of assets, underscoring its transparency and responsible management.
The club's program expense ratio stands at an impressive 93.37%, indicating that a significant portion of its resources is allocated directly to its programs rather than administrative costs. The financial health is further supported by a low liabilities to assets ratio of 0.45%, suggesting the organization is in a stable position. The documentation of board meeting minutes and the presence of a conflict of interest policy further enhance its accountability.
However, there are some areas for improvement. The absence of a whistleblower policy and a document retention and destruction policy may raise concerns regarding internal governance practices. Addressing these gaps could strengthen the organization’s overall accountability profile and enhance stakeholder confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Yellow Jacket Flying Club Inc legitimate?
Yellow Jacket Flying Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yellow Jacket Flying Club 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.
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Official website here: www.yjfc.org
What is the mission statement of Yellow Jacket Flying Club Inc?
The mission of Yellow Jacket Flying Club Inc is centered around fostering interest in aviation and aviation safety within the Georgia Tech community and its surrounding areas. This is achieved through educational initiatives. The organization operates four aircraft, which are made available to its members at Georgia Tech at a cost that closely mirrors operation expenses. The majority of the organization's funds are devoted to the operation of these aircraft. Additionally, Yellow Jacket Flying Club Inc hosts public events to promote understanding and appreciation of the aviation industry.
Official website here: www.yjfc.org
What is the revenue of Yellow Jacket Flying Club Inc?
Yellow Jacket Flying Club Inc's revenue in 2024 was $747,905.
Official website here: www.yjfc.org
Who are the executives of Yellow Jacket Flying Club Inc and what are their salaries?
There 75 volunteers at Yellow Jacket Flying Club Inc.
Here are 14 key members and their salaries:
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Official website here: www.yjfc.org
Where can I find the form 990 for Yellow Jacket Flying Club Inc?
Yellow Jacket Flying Club Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.yjfc.org
Learn more at the official website: www.yjfc.org
Mission Statement of Yellow Jacket Flying Club Inc
Yellow Jacket Flying Club Inc is committed to fostering interest in aviation and aviation safety within the Georgia Tech community and its surrounding areas. The organization achieves this mission through educational initiatives. One of its primary methods is by operating four aircraft, which are rented out to its members at reasonable costs. The majority of the club's expenses are directly related to the operation of these aircraft. Beyond providing access to aircraft, Yellow Jacket Flying Club Inc also hosts events for the public. These events aim to broaden the public's understanding and interest in the aviation industry. By offering both practical experiences and educational opportunities, Yellow Jacket Flying Club Inc effectively stimulates interest in aviation and aviation safety within its community.
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Impact
July, 2024
Yellow Jacket Flying Club Inc's impact lies in its mission to stimulate interest in aviation and aviation safety, particularly within the Georgia Tech and surrounding communities. By operating four Cessna 172 aircraft for training and educational purposes, the organization plays a crucial role in teaching members the techniques of aviation and promoting safety in the aviation industry.
Furthermore, the club actively engages with the community through various events focused on aviation, aviation safety, and aviation-related activities. These events include participating in local and regional air shows, national events like EAA AirVenture in Oshkosh, WI, hosting aviation-themed talks, speakers, and discussions on the Georgia Tech campus, and offering opportunities for Scouts of America to earn their merit badges through airplane flights.
Overall, Yellow Jacket Flying Club Inc's impact can be seen in its efforts to educate and inspire individuals about the aviation industry while fostering a culture of safety and interest in flying within the community.
This information is meant to be a general summary of Yellow Jacket Flying Club 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 2024.
- Program Service Revenue: $647,739
- Gross Receipts: $747,905
Assets and Liabilities:
- Total Assets: $983,768
- Total Liabilities: $3,580
- Net Assets: $980,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Aircraft Rental
Revenue
$622,803
Flight Fees
Revenue
$18,522
Organization Details
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