Overview
What is American Airlines Family Fund Inc?
American Airlines Family Fund Inc is a charitable organization established to aid employees and their families of American Airlines, Inc. and Envoy Air, Inc., totaling over 100,000 individuals, who experience significant financial and personal hardships due to natural disasters, accidents, civil unrest, or serious illnesses not covered by insurance or other resources. The fund offers assistance in various forms, including grants, medical care, utility support, temporary shelter, transportation to safety, and funeral expenses. In addition, it may also provide grants or loans to other 501(c)(3) organizations and sponsor or support programs that share similar charitable purposes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The American Airlines Family Fund Inc has received a low rating of 53%, which translates to a One-Star designation. This score is predominantly based on the organization's Accountability & Finance, with no independent board members and several missing governance policies contributing to the low score. The absence of these critical elements raises concerns about transparency and accountability within the organization.
Despite the weaknesses in governance, the organization does demonstrate a commendable commitment to its programs with a program expense ratio of nearly 100%, indicating that almost all of its expenses are directed towards its mission. Additionally, the organization has shown no material diversion of assets, which reflects a level of financial integrity.
However, the lack of independent oversight and missing policies such as conflict of interest and whistleblower protections are significant limitations that can affect stakeholder confidence. Addressing these issues could enhance the organization’s accountability and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is American Airlines Family Fund Inc legitimate?
American Airlines Family Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Airlines Family Fund 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 American Airlines Family Fund Inc?
American Airlines Family Fund Inc was established with the mission to provide assistance to employees of American Airlines and Envoy Air, Inc., numbering over 100,000, and their families who are experiencing significant financial and personal hardship due to natural disasters, accidents, civil unrest, or serious illnesses. This assistance takes various forms, such as loans, grants, medical care, utility payments, temporary shelter, transportation to safety, and funeral expenses. The fund may also extend grants or loans to other 501(c)(3) organizations and support programs that share similar exempt purposes.
What is the revenue of American Airlines Family Fund Inc?
American Airlines Family Fund Inc's revenue in 2023 was $937,955.
Who are the executives of American Airlines Family Fund Inc and what are their salaries?
There 5 volunteers at American Airlines Family Fund Inc.
Here are 5 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Airlines Family Fund Inc?
American Airlines Family Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of American Airlines Family Fund Inc
American Airlines Family Fund Inc is a charitable organization with a mission to offer assistance to employees of American Airlines and Envoy Air, Inc., as well as their families, who are experiencing significant financial and personal hardships. This fund was established specifically to provide aid to the over 100,000 employees of these companies during times of natural disasters, accidents, civil unrest, or serious illnesses. The hardships faced are not typically covered by insurance or other resources.
The American Airlines Family Fund Inc provides support in various forms, including loans and grants, medical care, utilities, temporary shelter, transportation to safety, and funeral expenses. Furthermore, the fund may also extend grants or loans to other Section 501(C)(3) organizations or sponsor programs that align with similar exempt purposes. The fund's mission is to alleviate the suffering of these employees and their families during their times of need.
In essence, American Airlines Family Fund Inc serves as a safety net for employees and their families, offering financial and practical assistance during challenging times. Its purpose is to help individuals and families overcome their difficulties and get back on their feet, ensuring they have the necessary support to cope with their hardships.
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Impact
August, 2024
American Airlines Family Fund Inc's impact is significant in providing crucial assistance to American Airlines and Envoy Air, Inc employees and their families facing financial hardships. With a focus on aiding individuals affected by natural disasters, accidents, civil unrest, or serious illness not covered by insurance, the fund offers grants, medical care, utilities, temporary shelter, transportation to safety, and funeral expenses. By supporting over 100,000 employees and their families, the fund ensures that those in distress receive the necessary aid to navigate challenging circumstances. Additionally, through grants or loans to other nonprofit organizations, the fund extends its impact beyond direct assistance, contributing to broader philanthropic endeavors. Through its mission-driven initiatives, American Airlines Family Fund Inc embodies the spirit of compassion and community support.
This information is meant to be a general summary of American Airlines Family Fund 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.
- Investment Income: $23,492
- Gross Receipts: $937,955
Assets and Liabilities:
- Total Assets: $775,116
- Total Liabilities: $246,907
- Net Assets: $528,209
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Organization Details
Founding Year
1999
Principal Officer
Patrick C Smith
NTEE Category
Code: T21 - Philanthropy
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