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Daedalian Foundation

Tax-deductible

Jbsarandolph, TX501(c)(3)Arts & CultureEIN 74-1365823Revenue $418K in FY2024

On file with the IRS55 Main Circle Bldg 676, 78148-0000 · Jbsarandolph, TXTax-exempt since Oct 1960Publicly supported — 509(a)(2)

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The foundation's mission is threefold: to inspire young americans to pursue careers as military aviators via scholarships, flying instruction and other educational opportunities; to perpetuate the spirit of patriotism, love of country and the high ideals of self-sacrifice exemplified by the american pilots of world war I; and to raise and invest funds to advance the goals of the foundation's mission. At year end the Foundation had 9,815 members.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · 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
2 of 5
filings with a surplus
Average deficit $39K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$409K
10% of total assets
Looks good: liabilities are 10% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$418K
-40% vs prior year
Spent
$710K
To programs
73%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$418K
FY2024▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2020$434K
FY2021$1.1M
FY2022$615K
FY2023$699K
FY2024$418K
Expenses
$710K
FY2024▼ -29%
Tap a bar for its year
Expenses by fiscal year
FY2020$368K
FY2021$541K
FY2022$792K
FY2023$1.0M
FY2024$710K
Net assets
$3.6M
FY2024▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.5M
FY2021$4.8M
FY2022$3.8M
FY2023$4.0M
FY2024$3.6M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1960.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $516K Management & general 27% · $194K

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

17 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Daedalian Foundation 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 15aYes

Programs and updates

Inspires young Americans to become military aviators through scholarships and education.

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Provided by the organization

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2 programs · $516K · in their own filed words · FY2024
01

To provide scholarship opportunities to students who have demonstrated the desire and potential to become a commissioned military aviator. Daedalian flying training scholarships recognizes the efforts of candidates by providing the ground and flight training necessary to achieve a solo flight in a general aviation fixed wing aircraft.

$323Kprogram expense
02

Preparation, publishing and distribution of the "daedalus flyer", a quarterly magazine documenting the history of military aviation and encouraging an interest in aviation and aeronautics. The publication includes information on national and local flight activities including speakers, awards and presentations.

$193Kprogram expense

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 · FY2025
Daedalian Foundation Tr UaFY2025$15K
Total grants receivedfrom 1 funder$15K
Grants paid · 114 grants · $1.6M · 2020–2024
Unitemized GrantFY2024$72,900
Unitemized GrantFY2024$68,720
Unitemized GrantFY2024$53,500
Unitemized GrantFY2024$37,500
Unitemized GrantFY2024$18,000
Unitemized GrantFY2024$13,560
Unitemized GrantFY2024$6,000
Unitemized GrantFY2024$5,000
Unitemized GrantFY2024$4,563
Unitemized GrantFY2024$4,356
Unitemized GrantFY2024$3,898
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$3,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$2,000
Unitemized GrantFY2024$2,000
See all 114 grants →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$418K
Ln 12
Gifts and grantsLn 1h$234K
Investment incomeLn 3$173K
Other incomeLn 4–11$11K
Money outPt IX
$710K
Ln 25
Programscol B$516K
Managementcol C$194K
Owns and owesPt X
$3.6M
net assets · Ln 32
Total assetsLn 16$4.0M
LiabilitiesLn 26$409K
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Investment incomeLn 3$173K
Other incomeLn 4–11$11K
Gains on assetsLn 7$90K
Total revenueLn 12$418K
Assets in detailPt X, end of year
InvestmentsLn 11–13$3.9M
Land, buildings, equipmentLn 10c$93K
Total assetsLn 16$4.0M
LiabilitiesLn 26$409K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
InvestmentsLn 11–13$3.8M$3.9M
Land, buildings, equipmentLn 10c$93K$93K
Total assetsLn 16$4.0M$4.0M
LiabilitiesLn 26$25K$409K
Net assetsLn 32$4.0M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$323K$323K
Accounting feesLn 11c$12K$3K$9K
Investment management feesLn 11f$31K$31K
Other fees for servicesLn 11g$178K$48K$130K
Office expensesLn 13$113K$96K$17K
Conferences, conventions and meetingsLn 19$32K$9K$23K
Other expenses (24a–d)Ln 24$21K$6K$16K
Total functional expensesLn 25$710K$516K$194K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $418K$710K−$292K$3.6M 990 PDF
FY2023 $699K$1.0M−$306K$4.0M 990 PDF
FY2022 $615K$792K−$178K$3.8M 990 PDF
FY2021 $1.1M$541K$516K$4.8M 990 PDF
FY2020 $434K$368K$66K$4.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $417,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $575,950$234,046
I-9 Program service revenuePrior year $9,432$0
I-10 Investment incomePrior year $108,850$172,891
I-11 Other revenuePrior year $5,009$10,840
I-12 Total revenuePrior year $699,241$417,777
I-13 Grants and similar amounts paidPrior year $463,745$322,660
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $541,143$387,373
I-18 Total expensesPrior year $1,004,888$710,033
I-19 Revenue less expensesPrior year −$305,647−$292,256
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $417,777 across 6 lines filed
VIII-1f All other contributions, gifts and grants$234,046
VIII-1h Total contributions, gifts and grants$234,046
VIII-3 Investment incomeExcluded from tax $82,704$82,704
VIII-7 Net gain or loss on sales of assetsExcluded from tax $90,187$90,187
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,840$10,840
VIII-12 Total revenueRelated to mission $10,840 · Excluded from tax $172,891$417,777
Part IX · Statement of functional expenses $710,033 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $322,660$322,660
IX-11c Accounting feesPrograms $3,145 · Management $8,505$11,650
IX-11f Investment management feesPrograms $31,272$31,272
IX-11g Other fees for servicesPrograms $48,084 · Management $130,005$178,089
IX-13 Office expensesPrograms $96,187 · Management $16,666$112,853
IX-19 Conferences, conventions and meetingsPrograms $8,644 · Management $23,372$32,016
IX-24 Other expenses (24a–d)Programs $5,803 · Management $15,690$21,493
IX-25 Total functional expensesPrograms $515,795 · Management $194,238 · Fundraising $0$710,033
Part X · Balance sheet $4,019,804 assets, 12 lines filed
X-4 Accounts receivableStart of year $15,291$15,292
X-9 Prepaid expenses and deferred chargesStart of year $3,097$3,097
X-10c Land, buildings and equipment, netStart of year $93,100$93,100
X-11 Publicly traded securitiesStart of year $3,796,615$3,908,315
X-16 Total assetsStart of year $4,022,655$4,019,804
X-17 Accounts payable and accrued expensesStart of year $11,500$11,617
X-25 Other liabilitiesStart of year $13,246$397,245
X-26 Total liabilitiesStart of year $24,746$408,862
X-27 Net assets without donor restrictionsStart of year $848,964$1,514,741
X-28 Net assets with donor restrictionsStart of year $3,148,945$2,096,201
X-32 Total net assets or fund balancesStart of year $3,997,909$3,610,942
X-33 Total liabilities and net assetsStart of year $4,022,655$4,019,804
Part XI · Reconciliation of net assets $3,610,942 net assets at year end
XI-1 Total revenue$417,777
XI-2 Total expenses$710,033
XI-3 Revenue less expenses−$292,256
XI-4 Net assets at start of year$3,997,909
XI-5 Net unrealized gains (losses) on investments−$94,711
XI-10 Net assets at end of year$3,610,942

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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