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
74 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; $33K 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.
Know this org? Add your story
Flying V has been saying for years that pro wrestling is an art form - this past summer Super Art Fight challenged us to put our pencils where our punches are (or something like that) and proposed the most epic of mash up shows. Flying V couldn't say no obviously, and this unholy union was born.
Flying V Presents
The Infinite Wrench ---- Flying V has long been devoted to devised theatre and original works. As such, we have also long admired the Neos as pioneers of the short-form devised genre. Originally scheduled to collaborate with FV in June of 2020, the Neos were rescheduled for August of 2022.
Nerdvana
Over 200 individual audience members turn out to see the 15+ performers that were a part of The Nerdvana Experience in May 2022. Nerdy nightlife reimagined; the Nerdvana experience combined classic events like live drawing, trivia, burlesque, and TEDtalks with dynamic, nerdtastic performance art.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $39K | $18K |
| Total assetsLn 16 | $51K | $28K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $51K | $28K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $33K | $0 | $29K | $4K |
| Payroll taxesLn 10 | $3K | $3K | ||
| Other fees for servicesLn 11g | $73K | $73K | ||
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $719 | $719 | ||
| OccupancyLn 16 | $16K | $10K | $5K | |
| TravelLn 17 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $9 | $9 | ||
| InsuranceLn 23 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $152K | $129K | $23K | $59 |
| Total functional expensesLn 25 | $287K | $212K | $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 Viewing | $264K | $287K | −$23K | $28K | 990 PDF |
| FY2021 | $249K | $278K | −$29K | $26K | 990 PDF |
| FY2020 | $269K | $215K | $54K | $72K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $263,923 revenue, 12 lines filed
Part VI · Governance 6 of 6 board members independent, 1 to look at
Part VIII · Statement of revenue $263,923 across 13 lines filed
Part IX · Statement of functional expenses $286,950 across 10 lines filed
Part X · Balance sheet $28,146 assets, 8 lines filed
Part XI · Reconciliation of net assets $28,146 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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