Overview
What is Aerospace Heritage Foundation Of Ut?
The Aerospace Heritage Foundation of Utah is a nonprofit organization dedicated to supporting the Hill Aerospace Museum in Roy, Utah. Their primary role involves providing capital for facility improvements, museum expansion, and projects that do not receive Air Force funding. The foundation's objectives also extend to educating and inspiring students and visitors about the realm of flight and the continually evolving knowledge of space. Throughout the year, they raise funds through various means, such as scholarships, donations, and events, and engage in activities like oral history projects and website updates to promote the museum. Their initiatives have resulted in the expansion of the museum and the establishment of new exhibits, while also supporting the sponsorship of museum aircraft. The foundation actively collaborates with local chambers of commerce and legislators to secure funding for their projects.
Official website here: www.aerospaceutah.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Aerospace Heritage Foundation of Utah has earned a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored 90% overall, primarily due to its exemplary financial practices, including a program expense ratio of 97.44%. This indicates that a significant portion of its funds is directed towards its mission rather than administrative costs.
The foundation demonstrates a robust governance structure, with a fully independent board consisting of 20 members. It also received top scores for its financial oversight and lack of material diversions of assets, ensuring transparency and responsible management. However, the organization fell short in certain policy areas, notably the absence of a conflict of interest policy and whistleblower policy, which could impact its overall governance framework.
Despite these limitations, the foundation's financial health is characterized by a low liabilities-to-assets ratio of only 3.52%, indicating a strong position. Additionally, it has a favorable working capital ratio, suggesting the ability to sustain operations in the short term. Overall, the Aerospace Heritage Foundation of Utah shows commitment to its mission, but addressing the noted policy gaps could further enhance its governance and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Aerospace Heritage Foundation Of Ut?
96% of 682 reviewers on Facebook recommend the Aerospace Heritage Foundation of Utah. Here is a summary of their reviews:
Many visitors praise the museum as a fascinating and educational experience, highlighting its informative displays and engaging exhibits. People appreciate the depth of information available, suggesting that it is suitable for both enthusiasts and casual visitors alike.
Overall, the sentiment leans positively, with many expressing satisfaction with their visits and encouraging others to explore the foundation's offerings. The nonprofit appears to successfully meet the expectations of its audience, fostering a strong sense of community and interest in aerospace heritage.
This AI summary has been generated from reviews found on Facebook.
Is Aerospace Heritage Foundation Of Ut legitimate?
Aerospace Heritage Foundation Of Ut is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aerospace Heritage Foundation Of Ut 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: $112,173
Professional Fundraising Fees: $0
Other Salaries and Wages: $128,174
For more financial information, click here
Official website here: www.aerospaceutah.org
What is the mission statement of Aerospace Heritage Foundation Of Ut?
The Aerospace Heritage Foundation's mission is centered around providing financial support for the Hill Aerospace Museum in Roy, Utah. This financial aid is utilized for various purposes such as facility improvements, museum expansion, and projects that do not fall under Air Force funding. Beyond this, the foundation's primary goal is to inspire and educate students and visitors about the realm of flight and the continuously evolving knowledge of space. The foundation aims to excite and lead individuals into this world, fostering a deep interest and understanding.
Official website here: www.aerospaceutah.org
Who is the CEO of Aerospace Heritage Foundation Of Ut?
Kevin Sullivan is the Chair of Aerospace Heritage Foundation Of Ut.
Official website here: www.aerospaceutah.org
What is the revenue of Aerospace Heritage Foundation Of Ut?
Aerospace Heritage Foundation Of Ut's revenue in 2022 was $4,682,888.
Official website here: www.aerospaceutah.org
Who are the executives of Aerospace Heritage Foundation Of Ut and what are their salaries?
The average compensation at Aerospace Heritage Foundation Of Ut during 2022 was $15,022. There are 16 employees and 120 volunteers at Aerospace Heritage Foundation Of Ut.
Here are 21 key members and their salaries:
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Official website here: www.aerospaceutah.org
Where can I find the form 990 for Aerospace Heritage Foundation Of Ut?
Aerospace Heritage Foundation Of Ut's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aerospaceutah.org
Learn more at the official website: www.aerospaceutah.org
Mission Statement of Aerospace Heritage Foundation Of Ut
The Aerospace Heritage Foundation of Ut was established with a mission to provide capital support for the Hill Aerospace Museum in Roy, Utah. This support is crucial for facilitating improvements to the museum's facilities, expanding its premises, and undertaking projects that fall outside the scope of Air Force funding. Beyond these practical objectives, the foundation aims to inspire and educate students and visitors, guiding them into the captivating realm of flight and the continually evolving understanding of space. In doing so, the Aerospace Heritage Foundation of Ut seeks to ignite a passion for aviation and space exploration, fostering a deeper appreciation for these fields and the knowledge they encompass.
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Impact
July, 2024
The Aerospace Heritage Foundation of Utah has made a significant impact by providing capital support for the Hill Aerospace Museum in Roy, Utah. This support has enabled the museum to undergo facility improvements, expansions, and various projects that would not have been possible with Air Force funding alone. Additionally, the foundation is dedicated to educating and inspiring students and visitors about the world of flight and space exploration. Through various initiatives and events, such as intern scholarships, fundraising golf tournaments, and legislative advocacy, the foundation has successfully raised funds and garnered support for the museum's expansion projects. Their efforts have resulted in substantial donations, sponsorships, and grants, totaling over $7 million in 2022. The foundation's work has not only contributed to the growth and development of the museum but has also enhanced public engagement and awareness through various educational programs, virtual tours, and digital marketing strategies.
This information is meant to be a general summary of Aerospace Heritage Foundation Of Ut. 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: $44,831
- Gross Receipts: $5,087,876
Assets and Liabilities:
- Total Assets: $1,708,475
- Total Liabilities: $60,232
- Net Assets: $1,648,243
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Organization Details
Founding Year
1982
Phone
(801) 737-4344Principal Officer
Kevin Sullivan
Main Address
PO BOX 612, ROY, UT, 84067
Website
www.aerospaceutah.orgNTEE Category
Code: A57 - Arts
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