Lake County Honor Flight FY2022 filing

Tax-deductible

Park City, IL501(c)(3)Public & Societal BenefitEIN 47-3858397Revenue $193K in FY2022

On file with the IRSlakecountyhonorflight.org370 Devonshire Ln, 60085-4755 · Park City, ILTax-exempt since Jun 2015Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Lake County Honor Flight and the Honor Flight network is to fly american's veterans to washington DC to visit those memorials dedicated to Honor their sacrifices. Top priority is given to america's most senior veterans, survivors of wwii, followed by korean and vietnam war veterans with a terminal illness who wish to visit their memorial.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$24K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
0 of 3
filings with a surplus
Average deficit $50K a year · 21% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $45K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$12K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$193K
+94% vs prior year
Spent
$254K
To programs
95%
Net assets
$285K
By yearFY2020–FY2024
Revenue
$193K
FY2022▲ +94%
Tap a bar for its year
Revenue by fiscal year
FY2020$129K
FY2021$99K
FY2022$193K
FY2023$235K
FY2024$281K
Expenses
$254K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022$254K
FY2023$304K
FY2024$300K
Net assets
$285K
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$271K
FY2021$345K
FY2022$285K
FY2023$206K
FY2024$187K

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 ruling in Jun 2015.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $240K Management & general 5% · $14K

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

12 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director and Board Director
$24,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Recording Secretary
$0Pt VII · Sec A
Vice-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Corresponding Secretary
$0Pt VII · Sec A

Paula Carballido’s $30K as Director and Business Manager is at the 26th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Paula Carballido$30,120$28,680$24,000

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.

See Lake County Honor Flight executive salaries →

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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 15aNo

Programs and updates

Flies veterans to Washington D.C. to visit their memorials.

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Provided by the organization

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1 program · $240K · in their own filed words · FY2022
01

Took groups of 20-30 world war ii and korean war veterans and their guardians to washington, DC to visit memorials in their honor. Trips included air flights, hotel rooms, meals, ground transportation, memorabilia, welcome home ceremony and reunion.

$240Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 5 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$193K
Ln 12
Gifts and grantsLn 1h$197K
Fees for servicesLn 2g$3K
Investment incomeLn 3$490
Money outPt IX
$254K
Ln 25
Programscol B$240K
Managementcol C$14K
Owns and owesPt X
$285K
net assets · Ln 32
Cash and savingsLn 1–2$297K
Total assetsLn 16$297K
LiabilitiesLn 26$12K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$197K
Noncash giftsLn 1g$50
Fundraising eventsLn 1c$10K
Fees for servicesLn 2g$3K
Investment incomeLn 3$490
Total revenueLn 12$193K
Assets in detailPt X, end of year
CashLn 1$118K
SavingsLn 2$179K
Cash and savings togetherLn 1–2$297K
Total assetsLn 16$297K
LiabilitiesLn 26$12K
Net assetsLn 32$285K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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$357K$297K
Total assetsLn 16$357K$297K
LiabilitiesLn 26$12K$12K
Net assetsLn 32$345K$285K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$495$495
Advertising and promotionLn 12$602$602
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$135K$133K$1K
All other expensesLn 24e$117K$107K$10K
Total functional expensesLn 25$254K$240K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $281K$300K−$19K$187K 990 PDF
FY2023 $235K$304K−$69K$206K 990 PDF
FY2022 Viewing $193K$254K−$61K$285K 990 PDF
FY2021 $99K$345K 990 PDF
FY2020 $129K$271K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $193,441 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $99,036$197,463
I-9 Program service revenuePrior year $0$3,039
I-10 Investment incomePrior year $434$490
I-11 Other revenuePrior year $0−$7,551
I-12 Total revenuePrior year $99,470$193,441
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$253,959
I-18 Total expensesPrior year $0$253,959
I-19 Revenue less expensesPrior year $99,470−$60,518
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $193,441 across 9 lines filed
VIII-1c Fundraising events$10,000
VIII-1f All other contributions, gifts and grants$187,463
VIII-1g Noncash contributions (included above)$50
VIII-1h Total contributions, gifts and grants$197,463
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,039$3,039
VIII-3 Investment incomeRelated to mission $490$490
VIII-8 Net income from fundraising eventsExcluded from tax −$9,666−$9,666
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,115$2,115
VIII-12 Total revenueRelated to mission $5,644 · Unrelated business $0 · Excluded from tax −$9,666$193,441
Part IX · Statement of functional expenses $253,959 across 5 lines filed
IX-11c Accounting feesManagement $495$495
IX-12 Advertising and promotionManagement $602$602
IX-23 InsuranceManagement $1,003$1,003
IX-24 Other expenses (24a–d)Programs $133,100 · Management $1,440$134,540
IX-24e All other expensesPrograms $106,992 · Management $10,327$117,319
IX-25 Total functional expensesPrograms $240,092 · Management $13,867 · Fundraising $0$253,959
Part X · Balance sheet $296,838 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $357,136$117,920
X-2 Savings and temporary cash investments$178,918
X-16 Total assetsStart of year $357,136$296,838
X-25 Other liabilitiesStart of year $11,772$11,804
X-26 Total liabilitiesStart of year $11,772$11,804
X-27 Net assets without donor restrictionsStart of year $345,364$285,034
X-32 Total net assets or fund balancesStart of year $345,364$285,034
X-33 Total liabilities and net assetsStart of year $357,136$296,838
Part XI · Reconciliation of net assets $285,034 net assets at year end
XI-1 Total revenue$193,441
XI-2 Total expenses$253,959
XI-3 Revenue less expenses−$60,518
XI-4 Net assets at start of year$345,364
XI-9 Other changes in net assets$188
XI-10 Net assets at end of year$285,034

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

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