Kings Engineering Fellowship FY2021 filing

Tax-deductible

Orange City, IA501(c)(3)EIN 52-1041390

Engineering to develop and improve the angel, an stol twin-engine airplane designed to meet the needs of missionaries and humanitarian workers in places where most aircraft cannot land and take off. Also to provide funds for missionaries to purchase these planes at a reduced cost.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$62K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $23K a year · 18% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $62
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$221K
34% of total assets
Looks good: liabilities are 34% 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
$160K
-8% vs prior year
Spent
$164K
To programs
100%
Net assets
$436K
By yearFY2020–FY2025
Revenue
$160K
FY2021▼ -8%
Revenue by fiscal year
FY2020$174K
FY2021$160K
FY2022$132K
FY2023$75K
FY2024$115K
FY2025$95K
Expenses
$164K
FY2021▼ -12%
Expenses by fiscal year
FY2020$187K
FY2021$164K
FY2022$211K
FY2023$132K
FY2024$86K
FY2025$110K
Net assets
$436K
FY2021▼ -0.7%
Net assets by fiscal year
FY2020$439K
FY2021$436K
FY2022$357K
FY2023$232K
FY2024$329K
FY2025$314K

From the FY2021 Form 990 · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1984.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $164K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

4 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation
$61,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Edward Mortenson$10,700$42,800$64,300——
Edward Mortenson———$61,500$60,100
Carl Mortenson————$26,300

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 Kings Engineering Fellowship 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

Develops and improves STOL aircraft for missionaries, and funds their reduced-cost purchase.

Provided by the organization

This section is blank until Kings Engineering Fellowship claims this page.

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1 program service account for $164K of program spending, described in the organization's own filed words · FY2021.
01

Engineering of missionary airplanes and other equipment. We find there are always things that need to be improved or modernized. We have other stol planes that we are working on, and we are currently designing a diesel engine because many remote areas are having trouble getting an adequate supply of av-gas, and there currently is no…

$164Kprogram expense

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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 · FY2023
Total grants receivedfrom 1 funder$62

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$160K
Ln 12
Gifts and grantsLn 1h$102K
Other incomeLn 4–11$59K
Investment incomeLn 3$1
Money outPt IX
$164K
Ln 25
Programscol B$164K
Owns and owesPt X
$436K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$657K
LiabilitiesLn 26$221K
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$102K
Noncash giftsLn 1g$25K
Investment incomeLn 3$1
Other incomeLn 4–11$59K
Gains on assetsLn 7$0
Total revenueLn 12$160K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$58
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$172K
Land, buildings, equipmentLn 10c$44K
Other assetsLn 15$349K
Total assetsLn 16$657K
LiabilitiesLn 26$221K
Net assetsLn 32$436K
OperationsPt I, VI
EmployeesI 54
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$3K$3K
InvestmentsLn 11–13$147K$172K
Land, buildings, equipmentLn 10c$25K$44K
Total assetsLn 16$593K$657K
LiabilitiesLn 26$154K$221K
Net assetsLn 32$439K$436K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$62K$62K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$32K$32K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$9K$9K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$642$642
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$9K$9K
TravelLn 17$132$132
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$4K$4K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$9K$9K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$8K$8K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$164K$164K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $95K$110K−$15K$314K 990 PDF
FY2024 $115K$86K$29K$329K 990 PDF
FY2023 $75K$132K−$58K$232K 990 PDF
FY2022 $132K$211K−$79K$357K 990 PDF
FY2021 Viewing $160K$164K−$3K$436K 990 PDF
FY2020 $174K$187K−$12K$439K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $160,500 across 10 lines filed
VIII-1f All other contributions, gifts and grants$101,961
VIII-1g Noncash contributions (included above)$25,000
VIII-1h Total contributions, gifts and grants$101,961
VIII-3 Investment incomeRelated to mission $1$1
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $3,409$3,409
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $55,129$55,129
VIII-12 Total revenueRelated to mission $58,539$160,500
Part IX · Statement of functional expenses $163,684 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $61,500$61,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $31,555$31,555
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $8,558$8,558
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $2,236$2,236
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $642$642
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $9,378$9,378
IX-17 TravelPrograms $132$132
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $3,771$3,771
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $9,161$9,161
IX-23 InsurancePrograms $26,858$26,858
IX-24 Other expenses (24a–d)Programs $8,093$8,093
IX-24e All other expensesPrograms $1,800$1,800
IX-25 Total functional expensesPrograms $163,684 · Management $0 · Fundraising $0$163,684
Part X · Balance sheet $656,849 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,892$2,529
X-2 Savings and temporary cash investmentsStart of year $58$58
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $24,610$44,230
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $147,000$172,000
X-14 Intangible assetsStart of year $70,156$88,979
X-15 Other assetsStart of year $348,461$349,053
X-16 Total assetsStart of year $593,177$656,849
X-25 Other liabilitiesStart of year $153,852$220,708
X-26 Total liabilitiesStart of year $153,852$220,708
X-32 Total net assets or fund balancesStart of year $439,325$436,141
X-33 Total liabilities and net assetsStart of year $593,177$656,849
Part XI · Reconciliation of net assets $436,141 net assets at year end
XI-1 Total revenue$160,500
XI-2 Total expenses$163,684
XI-3 Revenue less expenses−$3,184
XI-4 Net assets at start of year$439,325
XI-10 Net assets at end of year$436,141

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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