Blue Sky Educational Foundation FY2022 filing

Dallas, TXUnknown exempt organization EIN 45-5630226Revenue $192K in FY2022Latest return filed Apr 8, 2025

On file with the IRSblueskyfoundation.org1717 Main Street No 3900 · Dallas, TX

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The organization uses aviation experiences to inspire young people to pursue studies in science, technology, engineering, and math ("stem") and promote careers in aviation through camp scholarships, school curricula, and other programs.

86¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $41K a year · 37% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
12 mo
of spending, in cash
Looks good: 11.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$594
0.4% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$192K
+200% vs prior year
Spent
$174K
To programs
86%
Net assets
$166K
By yearFY2020–FY2024
Revenue
$192K
FY2022▲ +200%
Tap a bar for its year
Revenue by fiscal year
FY2020$229K
FY2021$64K
FY2022$192K
FY2023$62K
FY2024$10K
Expenses
$174K
FY2022▲ +151%
Tap a bar for its year
Expenses by fiscal year
FY2020$280K
FY2021$69K
FY2022$174K
FY2023$123K
FY2024$116K
Net assets
$166K
FY2022▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2020$154K
FY2021$148K
FY2022$166K
FY2023$106K
FY2024$0

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $150K Management & general 14% · $24K Fundraising 0% · $3

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

4 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$35,000Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Lee Siudzinski$16,793$35,000$35,000$35,000

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

Inspires youth toward STEM and aviation careers through flight experiences and scholarships.

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Provided by the organization

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3 programs · $150K · in their own filed words · FY2022
01

To support the frontiers of flight museum and naval aviation museum. The museum educates via in person and online tours through the history of flight, engaging participants in hands on learning.

$75Kprogram expense
02

For students to attend the eaa air academy, national flight academy, and other flight training programs throughout the country, as well as transportation to and from the air academy. The focus of the air academy is to utilize the motivation and excitement of aviation toengage styudents in stem content.

$75Kprogram expense
03

Provide stem program supplies to educate and engage participants.

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 · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$10K
Grants paid · 14 grants · $353K · 2020–2024
Brooks Gives Back INCTX · FY2024$30,000
Jim Thompson FoundationTX · FY2024$17,882
The Aopa Foundation INCMD · FY2023$50,000
Dallas Education FoundationTX · FY2020$100,000
The Julia FoundationIL · FY2020$25,000
Austin Street CenterTX · FY2020$5,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$192K
Ln 12
Gifts and grantsLn 1h$192K
Money outPt IX
$174K
Ln 25
Programscol B$150K
Managementcol C$24K
Fundraisingcol D$3
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$167K
Total assetsLn 16$167K
LiabilitiesLn 26$594
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$192K
Total revenueLn 12$192K
Assets in detailPt X, end of year
CashLn 1$167K
Cash and savings togetherLn 1–2$167K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$167K
LiabilitiesLn 26$594
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$150K$167K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$150K$167K
LiabilitiesLn 26$2K$594
Net assetsLn 32$148K$166K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$35K$35K
Pay of current officers, directors and key staffLn 5$35K$26K$9K
Payroll taxesLn 10$3K$2K$673
Accounting feesLn 11c$9K$9K
TravelLn 17$52K$52K$3
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$37K$35K$2K
All other expensesLn 24e$543$543
Total functional expensesLn 25$174K$150K$24K$3

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Apr 8, 2025 $10K$116K−$106K$0 990 PDF
FY2023Filed with the IRS May 15, 2024 $62K$123K−$61K$106K 990 PDF
FY2022 ViewingFiled with the IRS Apr 15, 2023 $192K$174K$18K$166K 990 PDF
FY2021Filed with the IRS Apr 27, 2022 $64K$69K−$5K$148K 990 PDF
FY2020Filed with the IRS Apr 15, 2021 $229K$280K−$51K$154K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $192,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,983$192,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $63,983$192,000
I-13 Grants and similar amounts paidPrior year $7,500$34,840
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $37,694$37,694
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,221$101,595
I-18 Total expensesPrior year $69,415$174,129
I-19 Revenue less expensesPrior year −$5,432$17,871
Part VI · Governance 3 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $192,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$192,000
VIII-1h Total contributions, gifts and grants$192,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$192,000
Part IX · Statement of functional expenses $174,129 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $34,840$34,840
IX-5 Pay of current officers, directors and key staffPrograms $26,250 · Management $8,750$35,000
IX-10 Payroll taxesPrograms $2,021 · Management $673$2,694
IX-11c Accounting feesManagement $9,090$9,090
IX-17 TravelPrograms $52,174 · Fundraising $3$52,177
IX-23 InsuranceManagement $2,607$2,607
IX-24 Other expenses (24a–d)Programs $34,848 · Management $2,330$37,178
IX-24e All other expensesManagement $543$543
IX-25 Total functional expensesPrograms $150,133 · Management $23,993 · Fundraising $3$174,129
Part X · Balance sheet $166,774 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $150,256$166,774
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $150,256$166,774
X-17 Accounts payable and accrued expensesStart of year $1,947$594
X-26 Total liabilitiesStart of year $1,947$594
X-27 Net assets without donor restrictionsStart of year $148,309$166,180
X-32 Total net assets or fund balancesStart of year $148,309$166,180
X-33 Total liabilities and net assetsStart of year $150,256$166,774
Part XI · Reconciliation of net assets $166,180 net assets at year end
XI-1 Total revenue$192,000
XI-2 Total expenses$174,129
XI-3 Revenue less expenses$17,871
XI-4 Net assets at start of year$148,309
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$166,180

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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