Air Sailing Incorporated: FY2023 Nonprofit Profile & Form 990 (EIN 23-7098705)

Revenue by fiscal year
FY2020	$94K
FY2021	$106K
FY2022	$123K
FY2023	$146K
FY2024	$111K

Expenses by fiscal year
FY2020	$123K
FY2021	$119K
FY2022	$134K
FY2023	$163K
FY2024	$123K

Net assets by fiscal year
FY2020	$451K
FY2021	$449K
FY2022	$436K
FY2023	$447K
FY2024	$482K

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

60 cents of each dollar spent went to programs.

60%

Program services 60% · $97K Management & general 5% · $9K Fundraising 3% · $5K

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

Peter Casti

Trustee

$0Pt VII · Sec A

Tyler White

Treasurer

$0Pt VII · Sec A

Gene Benson

Trustee

$0Pt VII · Sec A

Bernald Smith

Trustee

$0Pt VII · Sec A

David Volkmann

Vice President

$0Pt VII · Sec A

Mary Anne Read

Trustee

$0Pt VII · Sec A

Brian Roach

Trustee

$0Pt VII · Sec A

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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 · FY2023

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 FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$146K

Ln 12

Gifts and grantsLn 1h$92K

Fees for servicesLn 2g$39K

Other incomeLn 4–11$11K

Money outPt IX

$163K

Ln 25

Programscol B$97K

Managementcol C$9K

Fundraisingcol D$5K

Owns and owesPt X

$447K

net assets · Ln 32

Cash and savingsLn 1–2$66K

Total assetsLn 16$447K

LiabilitiesLn 26$0

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$92K

Noncash giftsLn 1g$12K

Fees for servicesLn 2g$39K

Investment incomeLn 3$4K

Other incomeLn 4–11$11K

Gains on assetsLn 7$4K

Total revenueLn 12$146K

Assets in detailPt X, end of year

CashLn 1$29K

SavingsLn 2$36K

Cash and savings togetherLn 1–2$66K

InvestmentsLn 11–13$65K

Land, buildings, equipmentLn 10c$316K

Total assetsLn 16$447K

LiabilitiesLn 26$0

Net assetsLn 32$447K

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

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$57K	$66K
InvestmentsLn 11–13	$51K	$65K
Land, buildings, equipmentLn 10c	$328K	$316K
Total assetsLn 16	$436K	$447K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$436K	$447K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$21K
Payroll taxesLn 10	$2K
Office expensesLn 13	$4K
Depreciation, depletion and amortizationLn 22	$12K
InsuranceLn 23	$15K
Other expenses (24a–d)Ln 24	$59K	$59K
All other expensesLn 24e	$52K	$39K	$9K	$5K
Total functional expensesLn 25	$163K	$97K	$9K	$5K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$111K	$123K	−$11K	$482K	990 PDF
FY2023 Viewing	$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 O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $146,127 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $74,435$92,448

I-9 Program service revenuePrior year $35,449$38,956

I-10 Investment incomePrior year $84$3,825

I-11 Other revenuePrior year $12,862$10,898

I-12 Total revenuePrior year $122,830$146,127

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $14,098$22,771

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $120,105$140,336

I-18 Total expensesPrior year $134,203$163,107

I-19 Revenue less expensesPrior year −$11,373−$16,980

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 $146,127 across 9 lines filed

VIII-1b Membership dues$5,093

VIII-1f All other contributions, gifts and grants$73,201

VIII-1g Noncash contributions (included above)$12,163

VIII-1h Total contributions, gifts and grants$92,448

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,956$38,956

VIII-3 Investment income$125

VIII-6 Net rental income or loss$10,898

VIII-7 Net gain or loss on sales of assets$3,700

VIII-12 Total revenueRelated to mission $38,956$146,127

Part IX · Statement of functional expenses $163,107 across 7 lines filed

IX-7 Other salaries and wages$20,893

IX-10 Payroll taxes$1,878

IX-13 Office expenses$3,527

IX-22 Depreciation, depletion and amortization$11,531

IX-23 Insurance$14,702

IX-24 Other expenses (24a–d)Programs $58,658$58,658

IX-24e All other expensesPrograms $38,778 · Management $8,619 · Fundraising $4,521$51,918

IX-25 Total functional expensesPrograms $97,436 · Management $8,619 · Fundraising $4,521$163,107

Part X · Balance sheet $447,100 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $29,822$29,449

X-2 Savings and temporary cash investmentsStart of year $27,430$36,258

X-10c Land, buildings and equipment, netStart of year $327,728$316,160

X-11 Publicly traded securitiesStart of year $51,438$65,233

X-16 Total assetsStart of year $436,418$447,100

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $436,418$447,100

X-33 Total liabilities and net assetsStart of year $436,418$447,100

Part XI · Reconciliation of net assets $447,100 net assets at year end

XI-1 Total revenue$146,127

XI-2 Total expenses$163,107

XI-3 Revenue less expenses−$16,980

XI-4 Net assets at start of year$436,418

XI-5 Net unrealized gains (losses) on investments$27,662

XI-10 Net assets at end of year$447,100

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Air Sailing Incorporated FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Air Sailing Incorporated

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV