Overview
What is The Mighty Eighth Foundation?
The Mighty Eighth Foundation serves as a supporting organization for the National Museum of the Mighty Eighth Air Force Inc. Its primary mission is to raise and manage funds for the museum. By doing so, this nonprofit contributes to the preservation and promotion of the history and legacy of the Eighth Air Force during World War II. Located in Savannah, Georgia, the foundation plays a crucial role in ensuring the continued operation and success of the museum, providing valuable financial support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Mighty Eighth Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score is based entirely on a well-managed financial structure, with a notable program expense ratio of 96.31%, indicating that the vast majority of its funds are directed towards its programs rather than administrative costs.
The organization demonstrates robust governance practices, with a 100% independent board and a complete absence of material asset diversion. Additionally, it adheres to important policies such as conflict of interest, whistleblower protections, and document retention, which are all vital for ensuring transparency and ethical practices within the nonprofit sector.
While the Foundation has excelled in financial management and accountability, no specific limitations or challenges have been highlighted in the data provided. Overall, The Mighty Eighth Foundation illustrates a strong commitment to its mission, effectively supporting its cause through sound financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is The Mighty Eighth Foundation legitimate?
The Mighty Eighth Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mighty Eighth 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 The Mighty Eighth Foundation?
The Mighty Eighth Foundation serves as a supporting organization for the National Museum of the Mighty Eighth Air Force. Its primary mission is to raise and manage funds for this esteemed institution. The foundation's role is crucial in ensuring the museum continues to thrive and share the stories of the 8th Air Force during World War II. By managing funds, the foundation enables the museum to maintain its exhibits, conduct research, and provide educational programs, thereby preserving the legacy of the 8th Air Force for future generations.
What is the revenue of The Mighty Eighth Foundation?
The Mighty Eighth Foundation's revenue in 2023 was $48,412.
Who are the executives of The Mighty Eighth Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Mighty Eighth Foundation?
The Mighty Eighth Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Mighty Eighth Foundation
The Mighty Eighth Foundation serves as a dedicated supporter for the National Museum of the Mighty Eighth Air Force. In this role, its primary mission is to manage and raise funds for the museum. This nonprofit organization's purpose is to ensure the museum's continued success and growth, providing it with the financial resources necessary to preserve and showcase the rich history of the Mighty Eighth Air Force. By supporting the museum, The Mighty Eighth Foundation plays a crucial role in honoring the courage and sacrifices of the men and women who served in this legendary air force unit during World War II. Through its fundraising efforts, the foundation helps to keep the legacy of the Mighty Eighth Air Force alive for future generations to learn from and appreciate.
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Impact
October, 2024
The Mighty Eighth Foundation significantly enhances the preservation and promotion of the history and legacy of the Eighth Air Force through its support for the National Museum of the Mighty Eighth Air Force. By raising and managing funds for the museum, it ensures that vital historical artifacts, exhibits, and educational programs are accessible to the public. This commitment not only educates visitors about the crucial role the Eighth Air Force played during World War II but also honors the sacrifices of those who served. Located in Savannah, GA, the Foundation plays an essential role in safeguarding a pivotal part of American history, fostering a greater appreciation for the arts and military heritage among diverse audiences.
This information is meant to be a general summary of The Mighty Eighth 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 2023.
- Investment Income: $79,974
- Gross Receipts: $2,229,562
Assets and Liabilities:
- Total Assets: $2,289,979
- Total Liabilities: $17,048
- Net Assets: $2,272,931
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Organization Details
Founding Year
2006
Principal Officer
Ruth Mcmullin
NTEE Category
Code: A11 - Arts
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