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Tbmopa Foundation INC

Tax-deductible

Acworth, GA501(c)(3)EducationEIN 80-0220473

The corporation is organized and shall operate exclusively for educational, charitable, scientific and/or literary purposes, including without limitation, the education of individuals in aviation skills to promote the adoption of aviation as a career or vocation by future generations of aviators and ground staff as well as supporting the development of training specifically designed to enhance safety in the operation of daher-socata aircraft.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
4 of 5
filings with a surplus
Average surplus $18K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
16 mo
of spending, in cash
Looks good: 16.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $47K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$403K
+27% vs prior year
Spent
$379K
To programs
94%
Net assets
$542K
By yearFY2020–FY2024
Revenue
$403K
FY2024▲ +27%
Revenue by fiscal year
FY2020$113K
FY2021$240K
FY2022$245K
FY2023$316K
FY2024$403K
Expenses
$379K
FY2024▲ +38%
Expenses by fiscal year
FY2020$85K
FY2021$130K
FY2022$357K
FY2023$274K
FY2024$379K
Net assets
$542K
FY2024▲ +5%
Net assets by fiscal year
FY2020$479K
FY2021$588K
FY2022$476K
FY2023$517K
FY2024$542K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2009.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $356K Management & general 6% · $23K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Erik Haskil
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom McGrath
Chairman
$0Pt VII · Sec A
See Tbmopa Foundation INC 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

Educates people in aviation skills to inspire future aviators and improve aircraft safety.

Provided by the organization

This section is blank until Tbmopa Foundation INC claims this page.

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2 program services account for $356K of program spending, described in the organization's own filed words · FY2024.
01

The tbmopa foundation underwrote safety seminars designed to improve pilot safety in the operation of single engine turboprop aircraft.

$250Kprogram expense
02

The tbmopa foundation funded aviation specific scholarships for ableflight and embry riddle for their aeronautical and academic training.

$106Kprogram 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 · received and paid
Grants received · FY2024
Fidelity Investments Charitable Gift FundFY2024$25K
Natl Christian Charitable Fdn INCFY2024$22K
Total grants receivedfrom 2 funders$47K
Grants paid · 11 grants · $296K · 2020–2024
Embry-Riddle Aeronautical University INCFL · FY2024$40,000
Womans University FoundationFY2024$35,000
Able Flight INCNC · FY2024$20,000
Kennedy Space CenterFY2024$10,000
Embry-Riddle Aeronautical University INCFL · FY2023$20,000
Able Flight INCNC · FY2023$20,000
Embry-Riddle Aeronautical University INCFL · FY2022$70,000
Able Flight INCNC · FY2022$20,000
Able Flight INCNC · FY2021$20,000
Operation Air DropFY2020$20,800
Able Flight INCNC · FY2020$20,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$403K
Ln 12
Gifts and grantsLn 1h$201K
Other incomeLn 4–11$97K
Fees for servicesLn 2g$82K
Money outPt IX
$379K
Ln 25
Programscol B$356K
Managementcol C$23K
Owns and owesPt X
$542K
net assets · Ln 32
Cash and savingsLn 1–2$516K
Total assetsLn 16$542K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$201K
Noncash giftsLn 1g$35K
Fundraising eventsLn 1c$201K
Fees for servicesLn 2g$82K
Investment incomeLn 3$23K
Other incomeLn 4–11$97K
Total revenueLn 12$403K
Assets in detailPt X, end of year
CashLn 1$122K
SavingsLn 2$394K
Cash and savings togetherLn 1–2$516K
Total assetsLn 16$542K
LiabilitiesLn 26$0
Net assetsLn 32$542K
OperationsPt I, VI
EmployeesI 50
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 FY24End FY24
Cash and savingsLn 1–2$526K$516K
Total assetsLn 16$526K$542K
LiabilitiesLn 26$9K$0
Net assetsLn 32$517K$542K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$105K$105K
Grants to domestic individualsLn 2$635$635
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$10K$10K
Other expenses (24a–d)Ln 24$253K$250K$2K
Total functional expensesLn 25$379K$356K$23K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $403K$379K$24K$542K 990 PDF
FY2023 $316K$274K$42K$517K 990 PDF
FY2022 $245K$357K−$113K$476K 990 PDF
FY2021 $240K$130K$109K$588K 990 PDF
FY2020 $113K$85K$28K$479K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $402,910 across 8 lines filed
VIII-1c Fundraising events$200,634
VIII-1g Noncash contributions (included above)$34,564
VIII-1h Total contributions, gifts and grants$200,634
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $81,990$81,990
VIII-3 Investment incomeExcluded from tax $23,095$23,095
VIII-8 Net income from fundraising eventsExcluded from tax $95,474$95,474
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,717$1,717
VIII-12 Total revenueExcluded from tax $202,276$402,910
Part IX · Statement of functional expenses $378,539 across 6 lines filed
IX-1 Grants to domestic organizationsPrograms $105,000$105,000
IX-2 Grants to domestic individualsPrograms $635$635
IX-11c Accounting feesManagement $6,140$6,140
IX-12 Advertising and promotionManagement $4,467$4,467
IX-13 Office expensesManagement $9,521$9,521
IX-24 Other expenses (24a–d)Programs $250,310 · Management $2,466$252,776
IX-25 Total functional expensesPrograms $355,945 · Management $22,594 · Fundraising $0$378,539
Part X · Balance sheet $541,653 assets, 7 lines filed
Asset lines not itemized here account for $26,089; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $19,851$121,510
X-2 Savings and temporary cash investmentsStart of year $505,960$394,054
X-16 Total assetsStart of year $525,811$541,653
X-26 Total liabilitiesStart of year $8,529$0
X-27 Net assets without donor restrictionsStart of year $517,282$541,653
X-32 Total net assets or fund balancesStart of year $517,282$541,653
X-33 Total liabilities and net assetsStart of year $525,811$541,653
Part XI · Reconciliation of net assets $541,653 net assets at year end
XI-1 Total revenue$402,910
XI-2 Total expenses$378,539
XI-3 Revenue less expenses$24,371
XI-4 Net assets at start of year$517,282
XI-10 Net assets at end of year$541,653

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

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