Overview
What is Society Of Experimental Test Pilots Scholarship Foundation?
The Society of Experimental Test Pilots Scholarship Foundation is a 501(c)(3) nonprofit organization that focuses on providing educational assistance to children of its members, with a particular emphasis on those whose parents are deceased or disabled. Established in 1967, the foundation has granted over 4 million dollars in scholarships to over 250 students, with 72 students benefiting in 2021 alone. The organization's mission is to receive, manage, and administer funds for scholarships and educational assistance, ensuring that more than 95% of every contributed dollar directly covers the students' educational expenses. By donating to the foundation, individuals can commemorate a Society Member while supporting the education of their children.
Official website here: www.setp.org
Is Society Of Experimental Test Pilots Scholarship Foundation legitimate?
Society Of Experimental Test Pilots Scholarship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Society Of Experimental Test Pilots Scholarship 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.
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For more financial information, click here
Official website here: www.setp.org
What is the mission statement of Society Of Experimental Test Pilots Scholarship Foundation?
The Society of Experimental Test Pilots Scholarship Foundation's primary objective is to accumulate and utilize funds and property to grant scholarships and educational assistance to children of its members, with a focus on those whose parents are deceased or disabled. This philanthropic organization has been awarding scholarships since 1967, providing over 4 million dollars in assistance to over 250 students, with 72 students benefitting in 2021 alone. Contributions to the foundation are an ideal way to honor a Society member while supporting the education of their children. Notably, more than 95% of every dollar contributed directly covers the students' educational expenses.
Official website here: www.setp.org
Who is the CEO of Society Of Experimental Test Pilots Scholarship Foundation?
L Balderas is the Exec Director of Society Of Experimental Test Pilots Scholarship Foundation.
Official website here: www.setp.org
What is the revenue of Society Of Experimental Test Pilots Scholarship Foundation?
Society Of Experimental Test Pilots Scholarship Foundation's revenue in 2022 was $252,931.
Official website here: www.setp.org
Who are the executives of Society Of Experimental Test Pilots Scholarship Foundation and what are their salaries?
There are 3 employees at Society Of Experimental Test Pilots Scholarship Foundation.
Here are 22 key members and their salaries:
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Official website here: www.setp.org
Where can I find the form 990 for Society Of Experimental Test Pilots Scholarship Foundation?
Society Of Experimental Test Pilots Scholarship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.setp.org
Learn more at the official website: www.setp.org
Mission Statement of Society Of Experimental Test Pilots Scholarship Foundation
The Society of Experimental Test Pilots Scholarship Foundation, established with the primary purpose of providing educational assistance to the children of its members, has been a beacon of support since 1967. The organization's mission is centered around receiving, managing, and administering funds and property to grant scholarships and other forms of educational aid to the offspring of its members. With a particular focus on the children of deceased and disabled members, the foundation has extended its generous aid to over 250 students, granting a cumulative total of over 4 million dollars in educational assistance.
In 2021 alone, 72 students were able to attend school with the assistance of the Scholarship Foundation. This nonprofit organization is committed to ensuring that every dollar contributed goes directly towards covering the educational expenses of these students, with more than 95% of funds being allocated for this purpose. Contributing to the Scholarship Foundation is an ideal way to honor a Society member while supporting the children of fellow members. The Society of Experimental Test Pilots Scholarship Foundation plays a significant role in commemorating its members and nurturing the future generations of their families.
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Impact
October, 2024
The Society of Experimental Test Pilots Scholarship Foundation plays a crucial role in supporting the educational aspirations of children from families deeply connected to the aviation community, particularly those of deceased and disabled members. Since its inception in 1967, the Foundation has granted over $4 million in educational assistance, enabling more than 250 students to pursue their academic goals.
In 2021 alone, 72 students benefited from scholarships, showcasing the Foundation's commitment to nurturing the next generation of test pilots and flight test engineers. Remarkably, over 95% of contributions are directed towards covering the educational expenses of these deserving students, ensuring that the majority of funds have a direct and meaningful impact.
By providing need-based scholarships, the Foundation not only honors the legacy of society members but also fosters a supportive educational environment for students eager to excel in aviation-related fields.
This information is meant to be a general summary of Society Of Experimental Test Pilots Scholarship 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: $160,331
- Gross Receipts: $2,740,691
Assets and Liabilities:
- Total Assets: $6,791,590
- Total Liabilities: $0
- Net Assets: $6,791,590
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Organization Details
Founding Year
1965
Phone
(661) 942-9574Principal Officer
L Balderas
Main Address
44814 ELM AVE, LANCASTER, CA, 93534
Website
www.setp.orgNTEE Category
Code: B82 - Education
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