Tailhook Educational Foundation INC FY2022 filing

Public charity (501(c)(3)) San Diego, CA EIN 33-0487778 NTEE Z99Z
Revenue
$946K
▲ +17%
FY2022 · Pt VIII · Ln 12
Expenses
$755K
▲ +18%
FY2022 · Pt IX · Ln 25
Net assets
$4.4M
FY2022 · Pt X · Ln 32
To programs
93%
FY2022 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$946K
FY2022▲ +17%
Expenses
$755K
FY2022▲ +18%

Educates about Navy carrier aviation history and provides scholarships for personnel's children.

Is this your organization?
Claim it free, then get the verified mark.
Claim
Tax-deductible?
Yes
Per the IRS master file. Details →
Can I give now?
No revocation on IRS record
Not on the IRS revocation list. Details →
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
1 funder — Our Change Foundation
$15K in the latest grant year. Details →
Spent on programs?
93% to programs
Form 990 Part IX, latest filing. Details →
Size and trend
$1–10M
↑ +17% vs prior year Details →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Educates about Navy carrier aviation history and provides scholarships for personnel's children.

Type
Public charity (501(c)(3)) · Unclassified
Location
San Diego, CA
Website
www.tailhook.net
Filings
5 on file (2020–2022)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Figures match the IRS filing checked 9/4/26 · see original: IRS
Provided by the organization

This section is blank until Tailhook Educational Foundation INC claims this page.

Know this organization? Claim it to add your story

Where the money goes · FY2022
Where spending went · Part IX cols B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program efficiency
93%
of spending reaches programs
Operating runway
69.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+20%
revenue over expenses, this year

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Tailhook Educational Foundation INC →

Run this organization? Claim this page

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$4.4M
FY2022▼ -9%
Total liabilities
$0
FY2022
Revenue less expensesPt I · Ln 19$191K
Total assetsPt X · Ln 16$4.4M
Program-expense ratioPt IX · col B93%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CTailhook Educational Foundation INC
EINHdr · item D33-0487778
Principal addressHdr · item CSan Diego, CA
WebsiteHdr · item Jwww.tailhook.net
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFUnclassified (Z99Z)
Ruling yearIRS BMFJun 1996

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
VP/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023
Rodger Welch$105,000$102,660
Beth Rollins$28,386$28,563

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tailhook Educational Foundation INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

2 program services account for $702K of program spending, described in the organization's own filed words · FY2022.
01

The Foundation provides educational scholarships to children and grandchildren of present and former United States Navy Carrier Aviation personnel. In 2021, over 100 individuals received scholarships ranging from 3,000-15,000.

$617Kprogram expense
02

The Foundation distributes The Hook Magazine to high schools and colleges throughout the United States at no cost to the schools. The Hook describes current and historical United States Navy Carrier operations, articles, facts, and carrier information. The Hook Magazine is published quarterly.

$85Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$840K · 89%
Investment income$106K · 11%
Contributions & grants89%$840K
Investment income11%$106K
Program service revenue$45
Total revenueLn 12$946K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.93 Management & general $0.04 Fundraising $0.03
Program services93%$702K
Management & general4%$29K
Fundraising3%$24K
Total functional expensesLn 25$755K

Balance Sheet

Part X · end of year
CashLn 1$253K
Total assetsLn 16$4.4M
Total liabilitiesLn 26$0
Total net assetsLn 32$4.4M
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.4M · Operating expenses/yr $755K
69.5 months
Where the money goes
Program services
Program services $702K · Total expenses $755K
93%
Management & General
Management & general $29K · Total expenses $755K
4%
Fundraising
Fundraising $24K · Total expenses $755K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $23K · Solicited contributions (3-yr avg) $645K
$0.04 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $840K · Total revenue $946K
89%
Government reliance
Government grants — · Total revenue $946K
—
Earned-income share
Program service revenue $45 · Total revenue $946K
<0.01%
Investment reliance
Investment income $106K · Total revenue $946K
+11%
Program self-sufficiency
Program service revenue $45 · Total expenses $755K
<0.01%
Growth & trend
Revenue growth (YoY)
This year $946K · Prior year $811K
+17%
Net-asset trend (YoY)
End of year $4.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $946K · Expenses $755K
+20%
Liabilities-to-Assets
Total liabilities — · Total assets $4.4M
—
Net-asset ratio
Net assets $4.4M · Total assets $4.4M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $4.1M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.4M
94%
People & payroll
Highest Reported Total Compensation
Individual Rodger Welch · Reported title Executive Director · Highest reported compensation $0 · Total expenses $755K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $158K · Total expenses $755K
21%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 93%——
Overhead ratio 4%——
Fundraising cost ratio 3%——
Revenue growth 17%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 1%——

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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$15K
Grants paid · 5 grants · $2.3M · 2020–2024
Unitemized GrantFY2024$572,650
Unitemized GrantFY2023$504,638
Unitemized GrantFY2022$466,500
Unitemized GrantFY2021$380,500
Unitemized GrantFY2020$376,500

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$2.1M revenue · ⤓ 990 PDF
FY2023$1.0M revenue · ⤓ 990 PDF
FY2022$946K revenue · viewing · ⤓ 990 PDF
FY2021$811K revenue · ⤓ 990 PDF
FY2020$663K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.