Wings World Quest INC EIN 54-2137595 Form 990 (PDF) Claim this org

Wings World Quest INC

Not yet claimed Claim this org →

Supports women scientists and explorers with grants and a network to advance global problem-solving discoveries. For fiscal year 2024 it reported $639K in revenue, $697K in expenses, and $180K in net assets.Pt I

Type
Public charity (501(c)(3)) · Arts & Culture
Location
New York, NY
Website
wingsworldquest.org
Filings
5 on file (2020–2024)
Revenue
$639KFY2024
Expenses
$697K
Net assets
$180K
People
16
Filings
5
Updates
0
More identity details & actions ⌄
EIN  54-2137595 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Wings World Quest INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Supports women scientists and explorers with grants and a network to advance global problem-solving discoveries.
Leadership
Meredith Ayan · CEO · $156K
Money in and out
$639K revenue, $697K expenses
Bottom line
72% program efficiency
Where the money goes · FY2024
Total revenue
$639K
Pt VIII · Ln 12
Total expenses
$697K
Pt IX · Ln 25
Net assets
$180K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$58K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program efficiency
72%
of spending reaches programs▲ +23% vs prior filing year
Operating runway
3.4mo
months of highly liquid reserves at operating expense rate▼ -60% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▼ -153% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$639K
FY2024▲ +20%
Expenses
$697K
FY2024▲ +58%
Total assets
$282K
FY2024▼ -9%
Total liabilities
$102K
FY2024▲ +43%
Total revenue
$639K
Pt VIII · Ln 12
Total expenses
$697K
Pt IX · Ln 25
Net assets
$180K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$58K
Total assetsPt X · Ln 16$282K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 414

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWings World Quest INC
EINHdr · item D54-2137595
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwingsworldquest.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A57)
Ruling yearIRS BMFNov 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$156,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Meredith Ayan’s $156K as CEO is at the 99th percentile of top reported officer pay among 2213 $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.

See Wings World Quest INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $491K of program spending, described in the organization's own filed words · FY2024.
01

The wings women of discovery fellows program recognizes extraordinary women who are making discoveries and finding solutions to global problems through bold research, conservation and exploration projects.

$369Kprogram expense
02

In Her Nature

Wildlife docuseries airing on PBS Nature featuring leading women in conservation.

$91Kprogram expense
03

The wings flag is recognized as a symbol of excellence in discovery andknowledge and certifies the significance of its carrier's endeavor. More than 150SCIENTISTS and explorers have flown the numbered wings flags across more than 80 countries and at both poles, establishing a unique bond of high achievers, creative thinkers, and bold…

$30Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$373K · 58%
Other revenue$241K · 38%
Program service revenue$25K · 4%
Contributions & grants58%$373K
Other revenue38%$241K
Program service revenue4%$25K
Investment income$23
Total revenueLn 12$639K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.16 Fundraising $0.12
Program services72%$501K
Management & general16%$110K
Fundraising12%$86K
Total functional expensesLn 25$697K

Balance Sheet

Part X · end of year
CashLn 1$183K
Total assetsLn 16$282K
Total liabilitiesLn 26$102K
Total net assetsLn 32$180K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $183K · Operating expenses (Pt IX) $697K · Less non-cash grants $43K · Cash operating expenses/yr $654K
3.4 months
Where the money goes
Program services
Program services $501K · Total expenses $697K
72%
Management & General
Management & general $110K · Total expenses $697K
16%
Fundraising
Fundraising $86K · Total expenses $697K
12%
Cost to raise $1
Fundraising expense (3-yr avg) $74K · Solicited contributions (3-yr avg) $344K
$0.22 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $373K · Total revenue $639K
58%
Government reliance
Government grants — · Total revenue $639K
Earned-income share
Program service revenue $25K · Total revenue $639K
4%
Investment reliance
Investment income $23 · Total revenue $639K
<0.01%
Program self-sufficiency
Program service revenue $25K · Total expenses $697K
4%
Growth & trend
Revenue growth (YoY)
This year $639K · Prior year $534K
+20%
Revenue CAGR
FY2020 $155K · FY2024 $639K
+43%
Net-asset trend (YoY)
End of year $180K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $639K · Expenses $697K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $282K
Net-asset ratio
Net assets $180K · Total assets $282K
64%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $282K
0%
People & payroll
Highest Reported Total Compensation
Individual Meredith Ayan · Reported title CEO · Highest reported compensation $156K · Total expenses $697K
22%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $156K · Total expenses $697K
22%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 16%
Fundraising cost ratio 23%
Revenue growth 20%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 9 funders →
Grants paid · 7 grants · $221K · 2022–2024
Unitemized GrantFY2024$100,000
Unitemized GrantFY2024$30,500
Unitemized GrantFY2024$4,000
Unitemized GrantFY2023$50,000
Unitemized GrantFY2023$15,000
Unitemized GrantFY2023$11,498
Unitemized GrantFY2022$10,000

Similar Organizations

Closest in mission — by what they do
See all organizations like Wings World Quest INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$639K revenue · viewing · ⤓ 990 PDF
FY2023$534K revenue · ⤓ 990 PDF
FY2022$246K revenue · ⤓ 990 PDF
FY2021$79K revenue · ⤓ 990 PDF
FY2020$155K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.