Overview
What is Aerospace Center For Excellence Inc Fka Florida Air Museum Inc?
The Aerospace Center for Excellence Inc, formerly known as the Florida Air Museum Inc, is a nonprofit organization located in Lakeland, Florida. Situated at 4075 James C Drive, this establishment encompasses various educational buildings, including the Florida Air Museum. The center's activities are diverse, featuring aviation summer camps, museum tours, STEM-based school outreach programs, and numerous events such as 'Night at the Museum' and 'Wings N Things'. The main objective of Aerospace Center for Excellence Inc is to engage, educate, and foster the growth of the next generation of aerospace professionals. With around 47 employees, the organization is dedicated to promoting aerospace knowledge and skills among the community.
Official website here: www.aceedu.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Stars)
The Aerospace Center For Excellence Inc, previously known as the Florida Air Museum Inc, has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored 93% overall, with a perfect score in several key areas, indicating robust oversight and governance practices, including a fully independent board and strong policies in place to manage conflicts of interest and document retention.
Strengths highlighted include a solid program expense ratio of 83.84%, which signifies that a substantial portion of its funding goes directly to programs rather than administrative costs. Additionally, the organization boasts a favorable working capital ratio of 4.15 years, suggesting sound financial health and sustainability. The absence of material diversion of assets and loans to or from officers further supports its financial integrity.
However, the charity did face limitations in fundraising efficiency, scoring 0 out of 25 points in this area. This indicates that the organization may have challenges in raising funds relative to its expenses, which could impact its future operational capacity if not addressed. Overall, while the financial framework is strong, attention to fundraising strategies could enhance its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Aerospace Center For Excellence Inc Fka Florida Air Museum Inc legitimate?
Aerospace Center For Excellence Inc Fka Florida Air Museum Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aerospace Center For Excellence Inc Fka Florida Air Museum 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: $498,075
Professional Fundraising Fees: $0
Other Salaries and Wages: $925,913
For more financial information, click here
Official website here: www.aceedu.org
What is the mission statement of Aerospace Center For Excellence Inc Fka Florida Air Museum Inc?
The Aerospace Center for Excellence Inc., formerly known as the Florida Air Museum Inc., is committed to a mission aimed at engaging, educating, and accelerating the next generation of aerospace professionals. Through various educational buildings and activities, such as aviation summer camps, museum tours, STEM-based school outreach programs, and events like "Night at the Museum" and "Wings N Things," the center strives to foster the growth of future professionals in the aerospace field.
Official website here: www.aceedu.org
Who is the CEO of Aerospace Center For Excellence Inc Fka Florida Air Museum Inc?
Tracy T Neal is the Chairman of Aerospace Center For Excellence Inc Fka Florida Air Museum Inc. The CEO's salary of Aerospace Center For Excellence Inc Fka Florida Air Museum Inc is $0 and their total compensation is $0.
Official website here: www.aceedu.org
What is the revenue of Aerospace Center For Excellence Inc Fka Florida Air Museum Inc?
Aerospace Center For Excellence Inc Fka Florida Air Museum Inc's revenue in 2022 was $2,115,530.
Official website here: www.aceedu.org
Who are the executives of Aerospace Center For Excellence Inc Fka Florida Air Museum Inc and what are their salaries?
The average compensation at Aerospace Center For Excellence Inc Fka Florida Air Museum Inc during 2022 was $30,298. There are 47 employees and 100 volunteers at Aerospace Center For Excellence Inc Fka Florida Air Museum Inc.
Here are 15 key members and their salaries (Aerospace Center For Excellence Inc Fka Florida Air Museum Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $103,444
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- Other: $42,502
Official website here: www.aceedu.org
Where can I find the form 990 for Aerospace Center For Excellence Inc Fka Florida Air Museum Inc?
Aerospace Center For Excellence Inc Fka Florida Air Museum Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aceedu.org
Learn more at the official website: www.aceedu.org
Mission Statement of Aerospace Center For Excellence Inc Fka Florida Air Museum Inc
The Aerospace Center for Excellence Inc, formerly known as the Florida Air Museum Inc, is committed to an inspiring mission. This mission is centered around engaging, educating, and accelerating the next generation of aerospace professionals. By providing a variety of educational opportunities and activities, the center aims to foster a passion for aerospace within young individuals.
The Aerospace Center for Excellence Inc's campus is home to several educational buildings, including the Florida Air Museum. The center offers a diverse range of activities designed to captivate the interest of aspiring aerospace professionals. These activities include summer camps focused on aviation, guided tours of the museum, and STEM-based school outreach programs. The center also hosts events such as 'Night at the Museum' and 'Wings N Things,' providing ample opportunities for learning and exploration.
The mission of the Aerospace Center for Excellence Inc goes beyond just offering educational experiences. It is a comprehensive approach to nurturing future aerospace professionals. By engaging young minds through these activities, the center aims to spark a lifelong passion for aerospace. The education provided by the center is not just theoretical but also practical, preparing students for the challenges and opportunities that await them in the aerospace industry. In this way, the Aerospace Center for Excellence Inc plays a vital role in shaping the future of aerospace, one student at a time.
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Impact
July, 2024
The Aerospace Center For Excellence Inc, formerly known as Florida Air Museum Inc, has a significant impact on engaging, educating, and accelerating the next generation of aerospace professionals. Through their various educational buildings, including the Florida Air Museum, they offer activities such as aviation summer camps, museum tours, STEM-based school outreach programs, Night at the Museum events, Wings N Things, and other diverse events. Located in Lakeland, Florida, their mission is focused on fostering the development of future aerospace professionals through immersive educational experiences. Their dedication to education and outreach in the field of aviation plays a crucial role in inspiring and equipping aspiring aerospace professionals with the necessary skills and knowledge to succeed in this industry.
This information is meant to be a general summary of Aerospace Center For Excellence Inc Fka Florida Air Museum 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: $35,419
- Program Service Revenue: $140,028
- Gross Receipts: $2,182,091
Assets and Liabilities:
- Total Assets: $19,556,496
- Total Liabilities: $8,438,219
- Net Assets: $11,118,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIPS/ADMISSIONS
Revenue
$114,433
REGISTRATIONS
Revenue
$25,595
Organization Details
Founding Year
2000
Phone
(863) 644-2431Principal Officer
Tracy T Neal
Main Address
4075 JAMES C RAY DRIVE, LAKELAND, FL, 33811
Website
www.aceedu.orgNTEE Category
Code: B90 - Education
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