Overview
What is Americas Automotive Trust?
Americas Automotive Trust is a nonprofit organization with a mission to safeguard America's automotive heritage. They achieve this goal by supporting cultural institutions that showcase the historical and cultural importance of cars, funding educational programs, and recognizing historically significant automobiles. The trust also encourages the use of vintage vehicles and engages communities that appreciate them. They organize events and programs both locally and nationally to educate and entertain automobile enthusiasts, with an increase in activities as COVID-19 restrictions eased in 2022. The trust's headquarters is located at 2702 East D Street, Tacoma, WA 98421. The organization's activities aim to foster an active, social, and involved community for car lovers, offering numerous events and programs throughout the year.
Official website here: www.aat.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 1 Star (57%)
Americas Automotive Trust received a one-star rating from Charity Navigator, highlighting concerns primarily related to its financial health and performance metrics. While the organization excels in accountability and governance, with perfect scores in areas such as board independence and conflict of interest policies, it struggles significantly in financial sustainability indicators, particularly regarding its liabilities and program expenses.
Despite demonstrating strong practices in transparency and board oversight, the charity's program expense ratio is notably low at 44.40%, indicating that less than half of its expenditures directly support its programs. Additionally, the liabilities to assets ratio is concerningly high at 254.78%, suggesting that the organization may be over-leveraged and potentially facing financial difficulties.
Overall, while Americas Automotive Trust maintains solid accountability practices, its financial metrics raise questions about its operational viability and long-term sustainability, which are critical for donor trust and confidence. Prospective donors may want to consider these financial challenges when evaluating the charity's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Americas Automotive Trust legitimate?
Americas Automotive Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Americas Automotive Trust 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: $88,813
Professional Fundraising Fees: $0
Other Salaries and Wages: $693,717
For more financial information, click here
Official website here: www.aat.org
What is the mission statement of Americas Automotive Trust?
Americas Automotive Trust, as a not-for-profit entity, is dedicated to preserving America's automotive heritage. They achieve this mission by supporting cultural institutions that showcase the history and cultural importance of automobiles. Education and scholarship programs are also a key focus, ensuring the necessary skills for maintaining and restoring historic vehicles are passed down. The trust works towards recognizing historically significant automobiles and encourages their utilization through various events and programs. These activities aim to engage the community and foster a sense of involvement among car enthusiasts.
Official website here: www.aat.org
Who is the CEO of Americas Automotive Trust?
Gary Yamamoto is the Vice Chair of Americas Automotive Trust.
Official website here: www.aat.org
What is the revenue of Americas Automotive Trust?
Americas Automotive Trust's revenue in 2022 was $2,081,279.
Official website here: www.aat.org
Who are the executives of Americas Automotive Trust and what are their salaries?
There 40 volunteers at Americas Automotive Trust.
Here are 47 key members and their salaries:
- Compensation: $299,000
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- Compensation: $126,287
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- Compensation: $121,539
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- Other: $16,669
- Compensation: $102,227
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- Other: $14,707
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- Related: $92,229
- Other: $15,268
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Official website here: www.aat.org
Where can I find the form 990 for Americas Automotive Trust?
Americas Automotive Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aat.org
Learn more at the official website: www.aat.org
Mission Statement of Americas Automotive Trust
Americas Automotive Trust, a non-profit organization, is dedicated to preserving America's automotive heritage. Their mission involves supporting cultural institutions that showcase the historical and cultural significance of vehicles, fostering educational and scholarship programs to maintain and restore historic automobiles, recognizing historically significant automobiles, and encouraging community engagement with these vehicles. Through events and programs, America's Automotive Trust aims to educate and entertain the public, fostering a sense of camaraderie among car enthusiasts. In 2022, with the easing of COVID-19 restrictions, they held more events and programs than ever before, furthering their commitment to celebrating America's automotive legacy.
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Impact
July, 2024
America's Automotive Trust's impact can be seen in its efforts to secure America's automotive heritage by supporting cultural institutions that display the history and cultural significance of automobiles. Through educational and scholarship programs, the organization ensures that the skills necessary for the maintenance and restoration of historic automobiles are perpetuated. Additionally, America's Automotive Trust establishes a system for recognizing historically significant automobiles and actively promotes the utilization of historic vehicles, engaging the communities that support them. The organization creates a vibrant and social environment for car enthusiasts through various events and programs held locally and nationally, providing educational and entertaining opportunities for the community.
This information is meant to be a general summary of Americas Automotive Trust. 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.
- Program Service Revenue: $160,919
- Gross Receipts: $2,599,303
Assets and Liabilities:
- Total Assets: $749,223
- Total Liabilities: $1,908,897
- Net Assets: -$1,159,674
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Deferred Membership
Revenue
$126,585
Storage Rental
Revenue
$18,781
Program Ticket Sales
Revenue
$13,051
Merchandise Sales
Revenue
$2,502
Organization Details
Founding Year
2016
Phone
(253) 779-8490Principal Officer
Gary Yamamoto
Main Address
2702 East D Street, Tacoma, WA, 98421
Website
www.aat.orgNTEE Category
Code: A80 - Arts
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