Flying V Ltd EIN 45-3158715

Flying V Ltd

EIN  45-3158715 Public charity (501(c)(3)) Bethesda, MD Founded 2011
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Size
$100K–1M
What they do
Creates intersectional art exploring modern mythologies to foster belonging and affirm individual identities.
Leadership
Alexandra Kelly Colburn · Executive Director · $42K
Money in and out
$332K revenue, $331K expenses
Bottom line
54% program efficiency

Creates intersectional art exploring modern mythologies to foster belonging and affirm individual identities. For fiscal year 2025 it reported $332K in revenue, $331K in expenses, and $17K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$17K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.54 Management & general $0.46
Program efficiency
54%
of spending reaches programs▼ -17% vs prior filing year
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate▲ +14% vs prior filing year
Surplus margin
0%
revenue over expenses, this year▲ +116% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$332K
FY2025▼ -5%
Expenses
$331K
FY2025▼ -8%
Total assets
$17K
FY2025▲ +10%
Total liabilities
$0
FY2025
Total revenue
$332K
Pt VIII · Ln 12
Total expenses
$331K
Pt IX · Ln 25
Net assets
$17K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$17K
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

3 program services account for $68K of program spending, described in the organization's own filed words · FY2025.
01

Flying V brought cerebral science fiction to the stage this fall with the regional premiere of Doctor Moloch by Carla Milarch. Its 2029. A Silicon Valley tech genius finishes development on the first humanoid medical AI Doctor Moloch. Theres just one problem: the good doctor lacks empathy.

$32Kprogram expense
02

Flying V and Renaissance Rumbles continued partnership to bring state of the art pro-wrestling training to the DMV flourishes. Program focuses on expert performance and technique for advanced trainees as part of their gym membership.

$18Kprogram expense
03

The Fights Wing at Flying V produced a three-arc theatrical spectacle exploring comedic movement based storytelling through pro-wrestling. Company favorite heroes teamed up to fight against the dark forces of the FighterVerse in adventures that keep you on the edge of your seat.

$17Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFlying V Ltd
EINHdr · item D45-3158715
Principal addressHdr · item CBethesda, MD
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2011
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A65)
Ruling yearIRS BMFOct 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
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
$42,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Alexandra Kelly Colburn’s $42K as Executive Director is at the 37th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Alexandra Kelly Colburn$42,000$31,661
Katherine Offutt$39,814$31,087
Katherine Ross$37,000
Katherine Offutt$32,675
Jason Schlafstein$20,026
Jonathan Rubin$4,704

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.

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Statement of Revenue

Part VIII
Contributions & grants$259K · 78%
Program service revenue$73K · 22%
Contributions & grants78%$259K
Program service revenue22%$73K
Investment income$2
— government grantsLn 1e$68K
Total revenueLn 12$332K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Management & general $0.46
Program services54%$179K
Management & general46%$151K
Total functional expensesLn 25$331K

Balance Sheet

Part X · end of year
CashLn 1$17K
Total assetsLn 16$17K
Total liabilitiesLn 26$0
Total net assetsLn 32$17K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $17K · Operating expenses (Pt IX) $331K · Less non-cash grants $79K · Cash operating expenses/yr $252K
0.8 months
Where the money goes
Program services
Program services $179K · Total expenses $331K
54%
Management & General
Management & general $151K · Total expenses $331K
46%
Fundraising
Fundraising $0 · Total expenses $331K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $5K · Solicited contributions (3-yr avg) $150K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $259K · Total revenue $332K
78%
Government reliance
Government grants $68K · Total revenue $332K
21%
Earned-income share
Program service revenue $73K · Total revenue $332K
22%
Investment reliance
Investment income $2 · Total revenue $332K
0%
Program self-sufficiency
Program service revenue $73K · Total expenses $331K
22%
Growth & trend
Revenue growth (YoY)
This year $332K · Prior year $349K
-5%
Revenue CAGR
FY2020 $269K · FY2025 $332K
+4%
Net-asset trend (YoY)
End of year $17K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $332K · Expenses $331K
0%
Liabilities-to-Assets
Total liabilities — · Total assets $17K
Net-asset ratio
Net assets $17K · Total assets $17K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $17K
0%
People & payroll
Highest Reported Total Compensation
Individual Alexandra Kelly Colburn · Reported title Executive Director · Highest reported compensation $42K · Total expenses $331K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $109K · Total expenses $331K
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 46%
Revenue growth -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
See all 3 funders →

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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
FY2025 (Latest)$332K revenue · viewing · ⤓ 990 PDF
FY2024$349K revenue · ⤓ 990 PDF
FY2023$288K revenue · ⤓ 990 PDF
FY2022$264K revenue · ⤓ 990 PDF
FY2021$249K revenue · ⤓ 990 PDF
FY2020$269K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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