Overview
What is Aerozone Alliance?
Aerozone Alliance is a nonprofit organization located in Cleveland, Ohio, with an address at 22800 Cedar Point Road. Their primary mission is to combat unemployment and support local industries in the vicinity of the Cleveland Hopkins International Airport and NASA Glenn Research Center. They have made significant strides in three key areas: business growth and expansion, infrastructure development, and talent growth. The organization has established a business engagement process to connect with 100 businesses in the Aerozone district, launched a comprehensive master plan for incremental investments, and is working on creating a robust talent pipeline to connect workers with local businesses.
Official website here: www.aerozonealliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
Aerozone Alliance has received a Two-Star rating from Charity Navigator, indicating an overall score of 73%. This rating is primarily based on a single beacon focused on Accountability & Finance, where the organization exhibits strengths such as having a fully independent board of directors and a solid program expense ratio of 70.31%, suggesting a commitment to its mission-driven activities.
However, there are notable limitations in Aerozone Alliance's governance practices. The organization lacks crucial policies, such as a whistleblower policy and a document retention and destruction policy, which may raise concerns about transparency and accountability. Additionally, the absence of their tax form posting on their website could hinder potential donors’ ability to access important financial information.
Overall, while Aerozone Alliance demonstrates strong management practices in certain areas, addressing the gaps in governance policies and documentation would enhance its accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Aerozone Alliance legitimate?
Aerozone Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aerozone Alliance 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: $150,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aerozonealliance.org
What is the mission statement of Aerozone Alliance?
The mission of Aerozone Alliance is to alleviate unemployment and support local industries, ultimately aiming to strengthen and revitalize the economy and workforce of surrounding communities. This is achieved by connecting with local businesses, developing infrastructure, and fostering talent growth to create a robust pipeline between workers and businesses. The organization has made significant strides in these areas, with a focus on business expansion, infrastructure development, and talent development.
Official website here: www.aerozonealliance.org
Who is the CEO of Aerozone Alliance?
Hrishue Mahalaha is the Executive Di of Aerozone Alliance.
Official website here: www.aerozonealliance.org
What is the revenue of Aerozone Alliance?
Aerozone Alliance's revenue in 2022 was $212,874.
Official website here: www.aerozonealliance.org
Who are the executives of Aerozone Alliance and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.aerozonealliance.org
Where can I find the form 990 for Aerozone Alliance?
Aerozone Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aerozonealliance.org
Learn more at the official website: www.aerozonealliance.org
Mission Statement of Aerozone Alliance
Aerozone Alliance, a nonprofit organization, is dedicated to addressing unemployment and supporting local industries with the aim of strengthening and revitalizing the economy and workforce in the communities surrounding the Cleveland Hopkins International Airport and NASA Glenn Research Center. Their mission is twofold: to alleviate unemployment and assist in retaining local industries. By accomplishing these objectives, they aim to contribute to the overall improvement and vitalization of the local economy.
The primary goal of Aerozone Alliance is to create a conducive environment for businesses within their district, connecting them with potential partners and resources. To achieve this, they have implemented a business engagement process, aiming to establish relationships with at least 100 businesses in the area. This initiative is expected to foster growth and expansion among these businesses, thereby contributing to the overall economic development of the community.
Moreover, Aerozone Alliance recognizes the importance of infrastructure development in fostering a thriving business environment. In response, they are launching the development of a comprehensive master plan. This plan is intended to facilitate incremental investments, enabling the continuous improvement and enhancement of the infrastructure within their district. By doing so, they hope to create a more attractive and supportive environment for businesses, thereby contributing to their growth and success.
In addition to promoting business growth and infrastructure development, Aerozone Alliance is also invested in talent growth. They aim to develop a robust talent pipeline that connects local workers with businesses within their district. By doing so, they hope to ensure that businesses have access to a skilled and dedicated workforce, further contributing to their overall success and the overall economic development of the community.
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Impact
October, 2024
Aerozone Alliance has made a notable impact on the economic landscape surrounding the Cleveland Hopkins International Airport and NASA Glenn Research Center. By focusing on alleviating unemployment and supporting local industries, the organization plays a crucial role in strengthening and revitalizing community economies.
One significant area of impact is business growth and expansion. By establishing a business engagement process, Aerozone Alliance has successfully connected with over 100 businesses in the Aerozone District, fostering collaboration and encouraging local economic development. This initiative not only supports existing businesses but also attracts new investment to the area, creating job opportunities and stimulating economic activity.
In terms of infrastructure development, the organization is spearheading a comprehensive master plan that facilitates incremental investments in the region. This strategic planning ensures that resources are allocated effectively, enhancing the physical landscape and making it more conducive to business operations and employee engagement.
Moreover, Aerozone Alliance prioritizes talent growth by creating a robust talent pipeline that links local workers with businesses in need of skilled labor. By focusing on workforce development, the organization helps cultivate a capable and prepared workforce, addressing unemployment issues while meeting the staffing needs of local industries.
Overall, Aerozone Alliance's initiatives are instrumental in fostering a vibrant economic environment that supports community improvement and enhances the quality of life for residents in the region.
This information is meant to be a general summary of Aerozone Alliance. 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: $564
- Program Service Revenue: $1,310
- Gross Receipts: $212,874
Assets and Liabilities:
- Total Assets: $117,791
- Total Liabilities: $17,119
- Net Assets: $100,672
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$1,310
Organization Details
Founding Year
2016
Principal Officer
Hrishue Mahalaha
Main Address
22800 CEDAR POINT RD, CLEVELAND, OH, 44142
Website
www.aerozonealliance.orgNTEE Category
Code: S31 - Community improvement
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