Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1995.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
16 people listed on the 990.
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
Facilitates cooperative scientific research projects.
Questions for Vertical Lift Consortium INC
Your first name shows with your question. Vertical Lift Consortium INC answers here, for everyone.
To generate and license technological properties for the benefit of the organizations' members and to collaboratively and collectively provide the U.S. Government with input and advice on non-proprietary, non-confidential technical concepts and issues related to vertical lift technologies and to act as a knowledgeable source to the U.S.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $395K | $822K |
| InvestmentsLn 11–13 | $0 | $0 |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $397K | $831K |
| LiabilitiesLn 26 | $265K | $142K |
| Net assetsLn 32 | $132K | $688K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| 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 | $0 | |||
| Pay of disqualified personsLn 6 | $0 | |||
| Other salaries and wagesLn 7 | $0 | |||
| Pension plan contributionsLn 8 | $0 | |||
| Other employee benefitsLn 9 | $0 | |||
| Payroll taxesLn 10 | $0 | |||
| Management feesLn 11a | $169K | |||
| Legal feesLn 11b | $8K | |||
| Accounting feesLn 11c | $3K | |||
| Lobbying feesLn 11d | $30K | |||
| Professional fundraising feesLn 11e | $0 | |||
| Investment management feesLn 11f | $0 | |||
| Other fees for servicesLn 11g | $0 | |||
| Advertising and promotionLn 12 | $0 | |||
| Office expensesLn 13 | $0 | |||
| Information technologyLn 14 | $697 | |||
| RoyaltiesLn 15 | $0 | |||
| OccupancyLn 16 | $0 | |||
| TravelLn 17 | $0 | |||
| Travel and entertainment for public officialsLn 18 | $0 | |||
| Conferences, conventions and meetingsLn 19 | $0 | |||
| InterestLn 20 | $0 | |||
| Payments to affiliatesLn 21 | $0 | |||
| Depreciation, depletion and amortizationLn 22 | $0 | |||
| InsuranceLn 23 | $4K | |||
| Other expenses (24a–d)Ln 24 | $5K | |||
| Total functional expensesLn 25 | $220K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Oct 23, 2025 | $548K | $431K | $117K | $1.5M | 990 PDF |
| FY2023Filed with the IRS Oct 18, 2024 | $615K | $1.0M | −$405K | $1.4M | 990 PDF |
| FY2022Filed with the IRS Oct 17, 2023 | $491K | $316K | $175K | $1.8M | 990 PDF |
| FY2021Filed with the IRS Oct 3, 2022 | $1.1M | $136K | $921K | $1.6M | 990 PDF |
| FY2020 ViewingFiled with the IRS Oct 11, 2021 | $777K | $220K | $557K | $688K | 990 PDF |
Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $777,175 revenue, 12 lines filed
Part VI · Governance 15 of 15 board members independent, 3 to look at
Part VIII · Statement of revenue $777,175 across 8 lines filed
Part IX · Statement of functional expenses $220,486 across 30 lines filed
Part X · Balance sheet $830,688 assets, 30 lines filed
Part XI · Reconciliation of net assets $688,279 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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