Overview
What is Augusta Ferry Authority Inc?
Augusta Ferry Authority Inc is a nonprofit organization situated in Augusta, Kentucky. With a primary mission, it aims to preserve one of the four existing ferryboat operations in the state, fostering historical significance. Beyond this historical preservation, the organization also serves an economic purpose by promoting tourism in the area, thereby generating employment opportunities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53% (One-Star out of Four Stars)
The Augusta Ferry Authority Inc holds a One-Star rating from Charity Navigator, reflecting a score of 53%. This rating indicates significant concerns about the organization's accountability and financial practices, including a lack of independent board members, which could impact governance and oversight. While the organization scored well in certain areas such as having no material diversion of assets and maintaining a low liabilities to assets ratio, the overall governance and transparency practices are lacking.
One of the key strengths of the Augusta Ferry Authority is its high program expense ratio, at 94.83%, which suggests that a substantial portion of its funds is allocated towards its programs rather than administrative costs. This is an encouraging sign for donors looking for effective use of contributions. However, the organization has limitations in its policies. The absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy raises concerns about governance and the potential for mismanagement.
In summary, while the Augusta Ferry Authority demonstrates a strong commitment to program spending, the lack of independent oversight and essential governance policies may deter potential supporters. Transparency issues, particularly the absence of a website and policies on conflict of interest and whistleblower protection, are significant areas for improvement that could bolster trust among stakeholders and enhance the authority's operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Augusta Ferry Authority Inc legitimate?
Augusta Ferry Authority Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Augusta Ferry Authority 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: $217,736
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What is the mission statement of Augusta Ferry Authority Inc?
The Augusta Ferry Authority Inc's mission is centered around two key aspects. Firstly, it aims to preserve one of the four existing ferryboat operations in Kentucky, maintaining its historical significance. Secondly, it contributes economically by promoting tourism, thereby increasing visitor numbers. Additionally, the organization provides employment opportunities within this sector.
Who is the CEO of Augusta Ferry Authority Inc?
William E Miller is the President of Augusta Ferry Authority Inc.
What is the revenue of Augusta Ferry Authority Inc?
Augusta Ferry Authority Inc's revenue in 2023 was $493,363.
Who are the executives of Augusta Ferry Authority Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Augusta Ferry Authority Inc?
Augusta Ferry Authority Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Augusta Ferry Authority Inc
Augusta Ferry Authority Inc, a significant entity, is dedicated to preserving one of the four remaining ferryboat operations in Kentucky. This historic preservation is not only an homage to tradition but also serves as a means to maintain a vital part of the region's transportation history. Beyond preservation, Augusta Ferry Authority Inc also focuses on economic growth. It promotes tourism by offering a unique and picturesque mode of transport, attracting visitors who appreciate the historical and scenic charm of ferryboat travel. Moreover, the organization provides employment opportunities, contributing to the local economy by creating jobs and supporting the local community. Overall, Augusta Ferry Authority Inc's mission is a harmonious blend of preserving heritage and fostering economic development.
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Impact
July, 2024
Augusta Ferry Authority Inc plays a crucial role in preserving one of the four existing ferryboat operations in Kentucky. By doing so, it not only protects a piece of Kentucky's history but also promotes tourism in the region. Additionally, the organization provides employment opportunities, contributing to the local economy. Through its activities, Augusta Ferry Authority Inc has a direct impact on the preservation of cultural heritage, the stimulation of economic activity, and the creation of job opportunities in Augusta, Kentucky.
This information is meant to be a general summary of Augusta Ferry Authority 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 2023.
- Program Service Revenue: $203,469
- Gross Receipts: $493,363
Assets and Liabilities:
- Total Assets: $197,167
- Total Liabilities: $22,059
- Net Assets: $175,108
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FERRIAGE
Revenue
$203,469
Organization Details
Founding Year
1998
Phone
(606) 756-2151Principal Officer
William E Miller
Main Address
PO BOX 8, AUGUSTA, KY, 41002
NTEE Category
Code: A90 - Arts
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