Overview
What is The Pan Am Pilots Retirement Foundation Inc?
The Pan Am Pilots Retirement Foundation Inc, based in Fort Lauderdale, Florida, is a nonprofit organization that provides charitable financial aid to retired Pan Am pilots and their widows. Their mission is to offer assistance to those with insufficient funds to meet their basic needs, adhering to the guidelines outlined in their corporate charter. This nonprofit organization is dedicated to supporting former Pan Am employees and their spouses in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
The Pan Am Pilots Retirement Foundation Inc has been assessed with a scoring of 73%, indicating a need for improvement in its operations and governance. While the organization demonstrates strong accountability features such as a fully independent board and excellent liability management, there are notable gaps in its policy framework that have impacted its overall standing.
The foundation excels in program expenses, allocating 81.64% of its budget directly to its programs, which reflects its commitment to fulfilling its mission. Additionally, the absence of material diversion of assets and the documentation of board meeting minutes are positive indicators of its financial integrity. However, the lack of essential policies such as a conflict of interest policy and whistleblower policy raises concerns regarding transparency and ethical governance.
Overall, while the foundation shows strengths in financial management and operational governance, the missing policies could pose risks and limit its effectiveness. Addressing these gaps will be crucial for the organization to enhance its credibility and operational performance in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Pan Am Pilots Retirement Foundation Inc legitimate?
The Pan Am Pilots Retirement Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pan Am Pilots Retirement 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Pan Am Pilots Retirement Foundation Inc?
The Pan Am Pilots Retirement Foundation Inc's mission is centered around providing charitable financial assistance. This organization aims to support retired Pan-Am pilots and their spouses who may be facing financial challenges, ensuring they can meet their basic needs according to the criteria outlined in their corporate charter. The Foundation serves as a source of assistance for those in need, demonstrating a commitment to the well-being of its beneficiaries.
Who is the CEO of The Pan Am Pilots Retirement Foundation Inc?
Jack D Ragland is the Director of The Pan Am Pilots Retirement Foundation Inc.
What is the revenue of The Pan Am Pilots Retirement Foundation Inc?
The Pan Am Pilots Retirement Foundation Inc's revenue in 2022 was $11,045.
Who are the executives of The Pan Am Pilots Retirement Foundation Inc and what are their salaries?
There 4 volunteers at The Pan Am Pilots Retirement Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Pan Am Pilots Retirement Foundation Inc?
The Pan Am Pilots Retirement Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Pan Am Pilots Retirement Foundation Inc
The Pan Am Pilots Retirement Foundation Inc is committed to providing charitable financial assistance to prior Pan Am employees and their spouses. This mission is centered around offering aid to retired pilots and their widows who may be struggling to meet their basic needs. The foundation operates under a set of criteria outlined in its corporate charter, ensuring that assistance is distributed fairly and effectively. By providing this financial assistance, The Pan Am Pilots Retirement Foundation Inc seeks to support those who have dedicated their careers to the aviation industry, ensuring their retirement years are as comfortable as possible.
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Impact
August, 2024
The Pan Am Pilots Retirement Foundation Inc's impact is significant in providing charitable financial assistance to retired pilots and widows who may have insufficient funds for their basic needs. By offering this support, the foundation ensures that prior Pan-Am employees and their spouses are taken care of and can maintain a certain quality of life. This assistance is crucial in helping individuals who have dedicated their careers to the aviation industry to navigate their retirement years with dignity and security.
This information is meant to be a general summary of The Pan Am Pilots Retirement 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: $5,670
- Gross Receipts: $54,301
Assets and Liabilities:
- Total Assets: $430,434
- Total Liabilities: $0
- Net Assets: $430,434
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Organization Details
Founding Year
1960
Phone
(954) 673-6604Principal Officer
Jack D Ragland
Main Address
438 VICTORIA TERRACE, FORT LAUDERDALE, FL, 33301
NTEE Category
Code: Y30 - Mutual benefit
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