Is it real?
Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Oct 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
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
6 people listed on the 990; $40K paid to officers and key staff.
Alexandra Kelly Colburn’s $42K as Executive Director is at the 37th percentile of top reported officer pay among 2216 $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 · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Alexandra Kelly Colburn | $42,000 | $31,661 | — | — | — | — |
| Katherine Offutt | — | — | — | $32,675 | $39,814 | $31,087 |
| Katherine Ross | — | — | $37,000 | — | — | — |
| 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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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 15aYes
Programs and updates
Creates intersectional art exploring modern mythologies to foster belonging and affirm individual identities.
Questions for Flying V Ltd
Your first name shows with your question. Flying V Ltd answers here, for everyone.
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Flying V Fights
Back! Flying v mounted its first narrative professional wrestling since 2019 event in november of 2021. 32 technicians and performers performed a high stakes villians-meet-heroes story (by means of professional wrestling) for 114 audience members.
The Game
Live! The fights division of flying v generated the game live - a digitally PRODUCED/EDITED show that brought FV company members and professional wrestlers together "in the ring and "at the table" where they experienced a wacky tabletop-gaming, body-slamming, pile-driving, role-playing wrestling experience.
Podcast programming paperless pulp series 2RELEASED in the late spring of 2021, flying V'S second series of our pulp noir podcast was very well received, and to date has over 800 individual unique downloads.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $63K | $32K |
| Total assetsLn 16 | $82K | $32K |
| LiabilitiesLn 26 | $10K | $7K |
| Net assetsLn 32 | $72K | $26K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $40K | $6K | $30K | $4K |
| Other fees for servicesLn 11g | $73K | $73K | ||
| Advertising and promotionLn 12 | $3K | $3K | ||
| OccupancyLn 16 | $16K | $7K | $9K | |
| Other expenses (24a–d)Ln 24 | $134K | $102K | $32K | $228 |
| All other expensesLn 24e | $12K | $12K | ||
| Total functional expensesLn 25 | $278K | $203K | $71K | $4K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $332K | $331K | $2K | $17K | 990 PDF |
| FY2024 | $349K | $359K | −$10K | $15K | 990 PDF |
| FY2023 | $288K | $295K | −$8K | $21K | 990 PDF |
| FY2022 | $264K | $287K | −$23K | $28K | 990 PDF |
| FY2021 Viewing | $249K | $278K | −$29K | $26K | 990 PDF |
| FY2020 | $269K | $215K | $54K | $72K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $248,797 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 2 to look at
Part VIII · Statement of revenue $248,797 across 7 lines filed
Part IX · Statement of functional expenses $277,866 across 6 lines filed
Part X · Balance sheet $32,270 assets, 7 lines filed
Part XI · Reconciliation of net assets $25,673 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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