Overview
What is Daedalian Foundation?
The Daedalian Foundation, based in Randolph AFB, Texas, is a nonprofit organization dedicated to nurturing interest in aviation and aeronautics among young Americans. They achieve this through various means, including the publication of a quarterly magazine, the "Daedalus Flyer," which showcases the history of military aviation and local flight activities. The foundation's mission is multifaceted, aiming to inspire aspiring military aviators through scholarships, flying instruction, and educational opportunities. Furthermore, the foundation seeks to uphold the spirit of patriotism, love for country, and self-sacrifice exemplified by the American pilots of World War I. Additionally, the foundation raises and invests funds to advance these goals, boasting a membership of 9,331 individuals at year's end.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93%, Four-Star out of Four Star rating
The Daedalian Foundation has received a commendable score of 93% from Charity Navigator, highlighting its strong performance across various accountability and financial metrics. With a program expense ratio of 83.73%, the foundation demonstrates a commitment to directing a significant portion of its resources toward fulfilling its mission. The organization boasts a 100% independent board, underscoring its governance integrity.
In terms of financial health, the Daedalian Foundation maintains a low liabilities to assets ratio of 0.73%, indicating solid financial stability. The charity has also excelled in areas such as audit oversight and conflict of interest policies, receiving perfect scores in these categories. Such transparency and adherence to best practices contribute to the foundation's strong reputation.
While the organization's culture and community score is slightly lower at 85, it still reflects a positive environment. Overall, the Daedalian Foundation showcases robust governance and financial management, making it a trustworthy option for potential donors looking to support impactful causes.
This AI summary has been generated from information found on Charity Navigator.
Is Daedalian Foundation legitimate?
Daedalian Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daedalian Foundation 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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What is the mission statement of Daedalian Foundation?
The Daedalian Foundation's mission is multifaceted. Its primary objective is to encourage young Americans to pursue careers as military aviators by offering scholarships, flying instruction, and various educational opportunities. Additionally, the foundation aims to preserve the spirit of patriotism, love for the country, and the selfless ideals exemplified by the American pilots during World War I. Lastly, the foundation raises and invests funds to support these goals, boasting a membership of 9,331 individuals at year-end.
Who is the CEO of Daedalian Foundation?
Maureen Defelice is the Chairman of Daedalian Foundation.
What is the revenue of Daedalian Foundation?
Daedalian Foundation's revenue in 2022 was $614,536.
Who are the executives of Daedalian Foundation and what are their salaries?
There 15 volunteers at Daedalian Foundation.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Daedalian Foundation?
Daedalian Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Daedalian Foundation
The Daedalian Foundation is dedicated to a threefold mission. Its primary objective is to inspire young Americans to pursue careers as military aviators. This is accomplished through the provision of scholarships, flying instruction, and various other educational opportunities. The foundation also aims to preserve the spirit of patriotism and love of country, embodying the self-sacrificing ideals demonstrated by the American pilots during World War I. Lastly, the Daedalian Foundation raises and invests funds to advance these goals, boasting a membership of 9,331 individuals at year's end.
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Impact
July, 2024
Daedalian Foundation's impact is evident in its efforts to inspire young Americans to pursue careers as military aviators through scholarships, flying instruction, and educational opportunities. The foundation also works to perpetuate the spirit of patriotism, love of country, and the high ideals of self-sacrifice exemplified by the American pilots of World War I. Additionally, Daedalian Foundation raises and invests funds to advance these goals. Through its initiatives, the foundation fosters a sense of national pride and encourages interest in aviation and aeronautics, ultimately contributing to the legacy of military aviation in the United States.
This information is meant to be a general summary of Daedalian Foundation. 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: $152,378
- Program Service Revenue: $17,965
- Gross Receipts: $614,536
Assets and Liabilities:
- Total Assets: $3,877,350
- Total Liabilities: $28,640
- Net Assets: $3,848,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CENTURY CLUB
Revenue
$17,965
Organization Details
Founding Year
1959
Phone
(210) 945-2111Principal Officer
Maureen Defelice
Main Address
55 MAIN CIRCLE BLDG 676, RANDOLPH AFB, TX, 781480249
NTEE Category
Code: A33Z - Arts
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