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Air Sailing Incorporated

Tax-deductible

Cupertino, CA501(c)(3) EIN 23-7098705Revenue $111K in FY2024

On file with the IRS10540 Mira Vista Ave, 95014-2794 · Cupertino, CATax-exempt since Mar 1971Publicly supported — 509(a)(2)

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To provide education and facilities to motorless aircraft

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $16K a year · 14% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $78K in investments, Pt X · Ln 11–13
Looks good: 7.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $19K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$111K
-24% vs prior year
Spent
$123K
To programs
43%
Net assets
$482K
By yearFY2020–FY2024
Revenue
$111K
FY2024▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2020$94K
FY2021$106K
FY2022$123K
FY2023$146K
FY2024$111K
Expenses
$123K
FY2024▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$123K
FY2021$119K
FY2022$134K
FY2023$163K
FY2024$123K
Net assets
$482K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$451K
FY2021$449K
FY2022$436K
FY2023$447K
FY2024$482K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $53K Management & general 2% · $2K Fundraising 4% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
Terry Duncan
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Tyler White
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Volkmann
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Air Sailing Incorporated executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers education and facilities for motorless aircraft enthusiasts.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To provide members and the general public facilities and education related to motorless aircraft

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Donor Advised Charitable Giving INCFY2024$19K
Total grants receivedfrom 1 funder$19K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$111K
Ln 12
Gifts and grantsLn 1h$77K
Fees for servicesLn 2g$21K
Other incomeLn 4–11$11K
Money outPt IX
$123K
Ln 25
Programscol B$53K
Managementcol C$2K
Fundraisingcol D$4K
Owns and owesPt X
$482K
net assets · Ln 32
Cash and savingsLn 1–2$77K
Total assetsLn 16$502K
LiabilitiesLn 26$20K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$77K
Noncash giftsLn 1g$93K
Fees for servicesLn 2g$21K
Investment incomeLn 3$2K
Other incomeLn 4–11$11K
Gains on assetsLn 7$2K
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$61K
SavingsLn 2$16K
Cash and savings togetherLn 1–2$77K
InvestmentsLn 11–13$78K
Land, buildings, equipmentLn 10c$346K
Total assetsLn 16$502K
LiabilitiesLn 26$20K
Net assetsLn 32$482K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$66K$77K
InvestmentsLn 11–13$65K$78K
Land, buildings, equipmentLn 10c$316K$346K
Total assetsLn 16$447K$502K
LiabilitiesLn 26$0$20K
Net assetsLn 32$447K$482K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17K
Payroll taxesLn 10$1K
Office expensesLn 13$5K
Depreciation, depletion and amortizationLn 22$25K
InsuranceLn 23$15K
Other expenses (24a–d)Ln 24$28K$23K$4K
All other expensesLn 24e$32K$29K$2K
Total functional expensesLn 25$123K$53K$2K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $111K$123K−$11K$482K 990 PDF
FY2023 $146K$163K−$17K$447K 990 PDF
FY2022 $123K$134K−$11K$436K 990 PDF
FY2021 $106K$119K−$13K$449K 990 PDF
FY2020 $94K$123K−$29K$451K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $111,458 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $92,448$77,452
I-9 Program service revenuePrior year $38,956$20,927
I-10 Investment incomePrior year $3,825$1,871
I-11 Other revenuePrior year $10,898$11,208
I-12 Total revenuePrior year $146,127$111,458
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $22,771$18,164
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $140,336$104,394
I-18 Total expensesPrior year $163,107$122,558
I-19 Revenue less expensesPrior year −$16,980−$11,100
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $111,458 across 9 lines filed
VIII-1b Membership dues$4,599
VIII-1f All other contributions, gifts and grants$58,215
VIII-1g Noncash contributions (included above)$92,711
VIII-1h Total contributions, gifts and grants$77,452
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,927$20,927
VIII-3 Investment income$290
VIII-6 Net rental income or loss$11,208
VIII-7 Net gain or loss on sales of assets$1,581
VIII-12 Total revenueRelated to mission $20,927$111,458
Part IX · Statement of functional expenses $122,558 across 7 lines filed
IX-7 Other salaries and wages$16,687
IX-10 Payroll taxes$1,477
IX-13 Office expenses$5,102
IX-22 Depreciation, depletion and amortization$24,850
IX-23 Insurance$14,813
IX-24 Other expenses (24a–d)Programs $23,406 · Fundraising $4,290$27,696
IX-24e All other expensesPrograms $29,441 · Management $2,492$31,933
IX-25 Total functional expensesPrograms $52,847 · Management $2,492 · Fundraising $4,290$122,558
Part X · Balance sheet $501,643 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $29,449$61,256
X-2 Savings and temporary cash investmentsStart of year $36,258$15,631
X-10c Land, buildings and equipment, netStart of year $316,160$346,356
X-11 Publicly traded securitiesStart of year $65,233$78,400
X-16 Total assetsStart of year $447,100$501,643
X-24 Unsecured notes and loans payable$20,000
X-26 Total liabilitiesStart of year $0$20,000
X-32 Total net assets or fund balancesStart of year $447,100$481,643
X-33 Total liabilities and net assetsStart of year $447,100$501,643
Part XI · Reconciliation of net assets $481,643 net assets at year end
XI-1 Total revenue$111,458
XI-2 Total expenses$122,558
XI-3 Revenue less expenses−$11,100
XI-4 Net assets at start of year$447,100
XI-5 Net unrealized gains (losses) on investments$45,643
XI-10 Net assets at end of year$481,643

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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