Masterflight Foundation

Richmond, ILUnknown exempt organizationEIN 74-3210810

Help ensure the creation of positive role models from diverse populations and economic backgrounds that will inspire young men and women to achieve their full potential. The goal is to make a difference in the aerospace industry, including STEM fields, by increasing access to the field for young men and women, especially people of color. Assist organizations in the recruitment, hiring, development, and retention of diverse talent and positively impact the bottom line.

Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990-EZIndependent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990-EZ
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $72 a year · under 1% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Named funders
1
named funder · $5
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Net assets
$0
By yearFY2020–FY2022
Revenue
$0
FY2022
Revenue by fiscal year
FY2020$36.1M
FY2021$0
FY2022$0
Expenses
—
FY2022
Expenses by fiscal year
FY2020$36.1M
FY2021$342
FY2022Not on file
Net assets
$0
FY2022▼ -100%
Net assets by fiscal year
FY2020$193K
FY2021$859
FY2022$0

From the FY2022 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Who runs it and what they're paid

3 people listed on the 990-EZ.

Part VII, Section A · reportable compensation
Board President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Masterflight Foundation executive salaries →

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Programs and updates

Inspires young people to reach their potential in aerospace and STEM by creating diverse role models.

Provided by the organization

This section is blank until Masterflight Foundation claims this page.

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3 program services account for $342 of program spending, described in the organization's own filed words · FY2021.
01

Masterflight Foundation assists new and established organizations to succeed in achieving their missions. Masterflight Foundation consulting services include corporate governance, strategic planning, organizational development, technical assistance, diversity-equity-and-inclusion, fundraising, program design, operations.

$342program expense
02

Masterflight Foundation's campaign to end structural racism, sexism, misogyny, homophobia, and transphobia in the Aerospace, Defence, and STEM workforce and academia will impact policies and promote best practices at the top 1000 universities and the top 500 STEM organizations to dismantle this structural phenomenon.

Pt IX · col B
03

Implement the Aerospace Education STEM Operations Program (AESOP), including the Satellite Tool Kit (STK) application for tracking the International Space Station (ISS). We facilitate community service projects that bring hands-on aerospace education activities to primary and secondary school students.

Pt IX · col B

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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 · FY2022
Total grants receivedfrom 1 funder$5

By the numbers

The FY2022 990-EZ, line by line.

1The main four
Money in
$0
Owns and owes
$0
net assets
Liabilities$0
People
3
listed
Paid0
2In more detail
Revenue in detail
Total revenue$0
Assets in detailEnd of year
Liabilities$0
Net assets$0
Operations
Employees0
Volunteers0
Fiscal year endsDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $0$0 990 PDF
FY2021 $0$342−$342$859 990 PDF
FY2020 $36.1M$36.1M$199$193K 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

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

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