Overview
What is Air Boost?
Air Boost is a nonprofit organization, operating as an LLC, with a mission to make a significant impact globally. Based in Austin, Texas, their primary objective is to provide low-cost ventilators, a critical medical device, to hospitals worldwide. This innovation is designed to be rapidly deployed, addressing urgent needs in the treatment of COVID-19 and various other ailments. Air Boost is committed to saving lives and is driven by its not-for-profit status, aiming to make essential medical equipment more accessible.
Official website here: www.p51ventilators.com/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
Air Boost demonstrates a solid performance in its operations, achieving a 76% score, which translates to a Three-Star rating. The organization shows strong accountability and financial practices, notably with a program expense ratio of 99.84%, indicating that nearly all of its funds are directed toward programs. Additionally, it has an independent board comprised entirely of independent members and has no material diversion of assets reported.
However, there are significant limitations in terms of governance policies. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention policy. These missing elements may impact its overall accountability and transparency, which are essential for building trust with donors and stakeholders. Overall, while Air Boost shows commendable financial efficiency, it would benefit from enhancing its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Air Boost legitimate?
Air Boost is a legitimate nonprofit organization registered as a 501(c)(3) entity. Air Boost 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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Official website here: www.p51ventilators.com/
What is the mission statement of Air Boost?
Air Boost, a not-for-profit organization, is dedicated to saving lives by swiftly supplying low-cost medical ventilators to hospitals worldwide. Their mission is to provide an accessible and rapidly deployable technology to tackle respiratory issues, including those related to COVID-19 and other ailments. The organization's primary focus is on developing the P51 ventilator, an affordable solution designed to cater to the urgent medical needs of patients.
Official website here: www.p51ventilators.com/
Who is the CEO of Air Boost?
Stephen Yacktman is the President of Air Boost.
Official website here: www.p51ventilators.com/
What is the revenue of Air Boost?
Air Boost's revenue in 2022 was $0.
Official website here: www.p51ventilators.com/
Who are the executives of Air Boost and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.p51ventilators.com/
Where can I find the form 990 for Air Boost?
Air Boost's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.p51ventilators.com/
Learn more at the official website: www.p51ventilators.com/
Mission Statement of Air Boost
Air Boost, a not-for-profit LLC, is dedicated to saving lives by rapidly providing low-cost medical ventilators to hospitals worldwide. The organization's primary mission is to equip healthcare facilities with essential equipment for treating patients suffering from conditions like COVID-19 and other respiratory ailments. To achieve this, Air Boost has developed the P51 ventilator, a cost-effective device designed for such purposes. The development and deployment of this ventilator are central to Air Boost's mission of quickly and affordably providing lifesaving medical equipment in times of need.
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Impact
October, 2024
Air Boost plays a crucial role in addressing the global demand for affordable medical ventilators, especially during health crises like the COVID-19 pandemic. By developing the low-cost P51 ventilator, Air Boost enables hospitals to effectively treat patients who require respiratory support without the prohibitive costs that typically accompany advanced medical equipment.
The rapid deployment of this ventilator technology means that healthcare facilities can respond swiftly to surges in patient needs, ultimately saving lives and alleviating pressure on medical systems. Based in Austin, TX, Air Boost’s mission is centered around enhancing accessibility to essential medical aids, which not only supports immediate health challenges but also strengthens the overall capacity of healthcare infrastructure to manage future public health emergencies. Through its efforts, Air Boost contributes significantly to medical research and the improvement of patient outcomes worldwide.
This information is meant to be a general summary of Air Boost. 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.
Assets and Liabilities:
- Total Assets: $149,470
- Total Liabilities: $0
- Net Assets: $149,470
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Organization Details
Founding Year
2020
Phone
(512) 436-9742Principal Officer
Stephen Yacktman
Main Address
3571 FAR WEST BLVD 82, AUSTIN, TX, 78731
Website
www.p51ventilators.com/NTEE Category
Code: H19 - Medical research
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