Overview
What is Kentucky Pilots Association Education Foundation Inc?
Kentucky Pilots Association Education Foundation Inc is a nonprofit organization based in Bardstown, Kentucky. Their primary mission is to offer educational opportunities in the aviation field for high school students. They achieve this goal through scholarships, partnerships with schools, managed or owned flight schools, grants, gifts, and other methods. The foundation also builds, buys, or sells new or used aircraft for aviation education and training purposes. Additionally, they organize and conduct various charitable, scientific, literary, and educational enterprises, activities, and institutions as deemed appropriate by their board of directors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%). The Kentucky Pilots Association Education Foundation Inc has received a Two-Star rating primarily due to its overall score of 67%. While the organization demonstrates strong financial efficiency, indicated by a program expense ratio of 99.69%, there are significant concerns regarding its transparency and governance practices.
The foundation benefits from an entirely independent board, which reflects positively on its governance structure. However, the lack of essential financial documentation, including missing financial statements and a tax form on its website, raises concerns about accountability. Additionally, the foundation has not established critical policies such as conflict of interest and whistleblower protections, which are vital for maintaining stakeholder trust.
While the organization shows effective program spending, the missing documentation and policies detract from its overall credibility. For potential donors and supporters, these factors may indicate a need for improved administrative practices and communication to enhance transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky Pilots Association Education Foundation Inc legitimate?
Kentucky Pilots Association Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky Pilots Association Education Foundation 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
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What is the mission statement of Kentucky Pilots Association Education Foundation Inc?
The Kentucky Pilots Association Education Foundation Inc was established with the purpose of advocating for education opportunities in the aviation field for young individuals. The organization provides training scholarships, collaborates with schools, and utilizes grants, gifts, and other methods to offer flight and aircraft mechanic education. Additionally, they acquire and use aircraft for aviation education and training. Furthermore, they support various charitable, scientific, literary, and educational ventures that align with their mission, as determined by their board of directors.
Who is the CEO of Kentucky Pilots Association Education Foundation Inc?
Randy White is the President of Kentucky Pilots Association Education Foundation Inc.
What is the revenue of Kentucky Pilots Association Education Foundation Inc?
Kentucky Pilots Association Education Foundation Inc's revenue in 2022 was $704,901.
Who are the executives of Kentucky Pilots Association Education Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Kentucky Pilots Association Education Foundation Inc?
Kentucky Pilots Association Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kentucky Pilots Association Education Foundation Inc
The Kentucky Pilots Association Education Foundation Inc was established with a mission to organize, promote, foster, assist, and manage education opportunities for young individuals in the aviation sector. The organization provides flight and aircraft mechanic training opportunities for these young persons through various methods such as scholarships, partnerships with schools, grants, gifts, and managed or owned flight schools. Additionally, the foundation builds, buys, or sells new or used aircraft to be used in aviation education and training opportunities. Furthermore, the Kentucky Pilots Association Education Foundation Inc engages in charitable, scientific, literary, and educational enterprises, activities, and institutions as determined by its board of directors, consistent with its stated purpose.
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Impact
July, 2024
Kentucky Pilots Association Education Foundation Inc plays a vital role in providing education and training opportunities for young individuals interested in aviation. By offering scholarships, partnerships with schools, and access to flight and aircraft mechanic training, the organization helps students pursue their passion for aviation. Additionally, the foundation's initiatives to build, purchase, or sell aircraft for educational purposes further enhance the learning experiences of these aspiring aviators. Through its efforts, the foundation contributes to the development of future aviation professionals and promotes scientific, educational, and charitable activities in the field.
This information is meant to be a general summary of Kentucky Pilots Association Education Foundation 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 2022.
- Gross Receipts: $836,834
Assets and Liabilities:
- Total Assets: $793,226
- Total Liabilities: $60,000
- Net Assets: $733,226
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Organization Details
Founding Year
2020
Phone
(502) 233-4772Principal Officer
Randy White
Main Address
1924 BOSTON RD, BARDSTOWN, KY, 40004
NTEE Category
Code: B82 - Education
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