Overview
What is West Michigan Aviation Academy Foundation?
The West Michigan Aviation Academy Foundation is a nonprofit organization situated in Grand Rapids, Michigan. Their primary mission is to foster donations and private philanthropy, aiming to bolster the educational programs at West Michigan Aviation Academy. To achieve this, they distribute grants, contributing to the Academy's non-profit objectives. The Foundation's role is to cultivate relationships with donors, thereby supporting the Academy's educational initiatives.
Official website here: www.wmaafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The West Michigan Aviation Academy Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid performance in their accountability and financial practices. With an overall score of 88%, the foundation demonstrates strong governance, evidenced by having a fully independent board and an effective audit and oversight committee. Their financial health is underscored by a low liabilities to assets ratio and a high program expense ratio, indicating that a significant portion of their funds is directed towards their programs.
Despite these strengths, there are some areas for improvement. Notably, the foundation lacks a whistleblower policy and a document retention and destruction policy, both of which are important for ensuring transparency and protecting staff and stakeholders. Additionally, the absence of their tax form on their website could hinder accessibility for potential donors and stakeholders looking to review their financial practices.
Overall, the West Michigan Aviation Academy Foundation demonstrates a commitment to financial integrity and effective governance, though they should address the noted deficiencies to enhance their accountability further and boost donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is West Michigan Aviation Academy Foundation legitimate?
West Michigan Aviation Academy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Michigan Aviation Academy 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.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $32,864
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wmaafoundation.org
What is the mission statement of West Michigan Aviation Academy Foundation?
The West Michigan Aviation Academy Foundation's primary role is to solicit donations and philanthropic support, specifically aimed at bolstering the educational programs offered by the West Michigan Aviation Academy. The mission of the foundation is to secure contributions, donations, and financial grants to support the academy, thereby enhancing its educational initiatives. The funds distributed by the foundation are utilized to advance the academy's educational programs and contribute to other non-profit purposes.
Official website here: www.wmaafoundation.org
Who is the CEO of West Michigan Aviation Academy Foundation?
Terry Russell is the President of West Michigan Aviation Academy Foundation.
Official website here: www.wmaafoundation.org
What is the revenue of West Michigan Aviation Academy Foundation?
West Michigan Aviation Academy Foundation's revenue in 2022 was $2,348,565.
Official website here: www.wmaafoundation.org
Who are the executives of West Michigan Aviation Academy Foundation and what are their salaries?
There 230 volunteers at West Michigan Aviation Academy Foundation.
Here are 11 key members and their salaries:
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Official website here: www.wmaafoundation.org
Where can I find the form 990 for West Michigan Aviation Academy Foundation?
West Michigan Aviation Academy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wmaafoundation.org
Learn more at the official website: www.wmaafoundation.org
Mission Statement of West Michigan Aviation Academy Foundation
The West Michigan Aviation Academy Foundation's mission is centered around securing financial support for the West Michigan Aviation Academy. This is achieved by cultivating donors and private philanthropy. The primary goal is to use these contributions, donations, and funds to grant financial aid to the aviation academy, thereby promoting its educational programs. The foundation's activities extend beyond the aviation academy, as they also distribute funds for similar non-profit purposes.
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Impact
July, 2024
West Michigan Aviation Academy Foundation plays a pivotal role in supporting the educational programs of West Michigan Aviation Academy through cultivating donors and private philanthropy. By awarding grants and distributing funds, the foundation significantly contributes to enhancing the educational opportunities provided by the academy. Through its mission to receive contributions and donations to support the academy, the foundation serves as a key facilitator in promoting educational excellence in the field of aviation.
This information is meant to be a general summary of West Michigan Aviation Academy 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: $88
- Gross Receipts: $2,687,929
Assets and Liabilities:
- Total Assets: $2,682,990
- Total Liabilities: $228,582
- Net Assets: $2,454,408
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Organization Details
Founding Year
2018
Phone
(616) 446-8886Principal Officer
Terry Russell
Main Address
5363 44TH STREET SE, GRAND RAPIDS, MI, 49512
Website
www.wmaafoundation.orgNTEE Category
Code: B12 - Education
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