Air Sailing Incorporated FY2020 filing

Public charity (501(c)(3)) Cupertino, CA EIN 23-7098705
Revenue
$94K
FY2020 · Pt VIII · Ln 12
Expenses
$123K
FY2020 · Pt IX · Ln 25
Net assets
$451K
FY2020 · Pt X · Ln 32
To programs
59%
FY2020 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$94K
FY2020
Expenses
$123K
FY2020

Offers education and facilities for motorless aircraft enthusiasts.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
1 funder — Donor Advised Charitable Giving INC
$19K in the latest grant year.
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Spent on programs?
59% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
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Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Offers education and facilities for motorless aircraft enthusiasts.

Type
Public charity (501(c)(3)) · Nonprofit
Location
Cupertino, CA
Filings
5 on file (2020–2020)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Provided by the organization

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Where the money goes · FY2020
Where spending went · Part IX cols B–D
Program services $0.59 Management & general $0.08 Fundraising $0.00
Operating runway
10.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-31%
revenue over expenses, this year
Donor-funded
61%
of revenue is gifts & grants

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$451K
FY2020
Total liabilities
$0
FY2020
Revenue less expensesPt I · Ln 19−$29K
Total assetsPt X · Ln 16$451K
Program-expense ratioPt IX · col B59%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CAir Sailing Incorporated
EINHdr · item D23-7098705
Principal addressHdr · item CCupertino, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2020.
01

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

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$57K · 61%
Other revenue$36K · 38%
Investment income$748 · 1%
Contributions & grants61%$57K
Other revenue38%$36K
Investment income1%$748
Total revenueLn 12$94K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.59 Management & general $0.08 Fundraising $0.00
Program services59%$73K
Management & general8%$9K
Fundraising$208
Total functional expensesLn 25$123K

Balance Sheet

Part X · end of year
CashLn 1$40K
Total assetsLn 16$451K
Total liabilitiesLn 26$0
Total net assetsLn 32$451K
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $100K · Operating expenses (Pt IX) $123K · Less non-cash grants $3K · Cash operating expenses/yr $120K
10.0 months
Where the money goes
Program services
Program services $73K · Total expenses $123K
not reported
Management & General
Management & general $9K · Total expenses $123K
not reported
Fundraising
Fundraising $208 · Total expenses $123K
not reported
Cost to raise $1
Fundraising expense $208 · Solicited contributions $57K
$0.00 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $57K · Total revenue $94K
61%
Government reliance
Government grants — · Total revenue $94K
—
Earned-income share
Program service revenue $0 · Total revenue $94K
0%
Investment reliance
Investment income $748 · Total revenue $94K
+0.8%
Program self-sufficiency
Program service revenue $0 · Total expenses $123K
0%
Growth & trend
Revenue growth (YoY)
This year $94K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $451K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $94K · Expenses $123K
-31%
Liabilities-to-Assets
Total liabilities — · Total assets $451K
—
Net-asset ratio
Net assets $451K · Total assets $451K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $60K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $451K
13%
People & payroll
Highest Reported Total Compensation
Individual Terry Duncan · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $123K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13K · Total expenses $123K
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 59%——
Overhead ratio 8%——
Fundraising cost ratio 0.4%——
Legal fee ratio 0.5%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$19K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$111K revenue · ⤓ 990 PDF
FY2023$146K revenue · ⤓ 990 PDF
FY2022$123K revenue · ⤓ 990 PDF
FY2021$106K revenue · ⤓ 990 PDF
FY2020$94K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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