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National Aviation Research and Technology Park Inc.

National Aviation Research and Technology Park Inc.

Egg Hbr Twp, NJ
Tax ID26-3166908

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About this organization

Revenue

$318,105

Expenses

$520,794

Mission

Organization's primary exempt purpose is to support the university in the development of an aviation research and technology park.

About

The purpose of the park is to conduct research and development and to promote concept and product development using emerging technologies in a laboratory and operational environment. The park is a focal point for interaction and innovation among researchers, academia, and government, and private industry in developing the next generation air traffic control system ('NextGen') which is critical to our nation's aviation system.

Interesting data from their 2018 990 filing

The non-profit's mission, as documented in the filing, is “The organization's primary exempt purpose is to support the university in the development of an aviation research and technology park.”.

When explaining its purpose, the activities were described as: “Organization's primary exempt purpose is to support the university in the development of an aviation research and technology park.”.

  • The non-profit is legally allowed to operate in the state of NJ, as reported.
  • The filing provides the non-profit's address in 2018 as 101 Vera King Farris Drive, Galloway, NJ, 08205.
  • The non-profit has a total of 0 employees, as reported on their form for 2018.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $250,000 and $500,000.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is -$202,689.
  • The CEO compensation strategy within the organization is determined through a review and approval process by a neutral party.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 13 independent voting members.
  • The organization was formed in 2006.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $292,994 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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