Franconia Soaring Foundation INC

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To preserve the Franconia airport for future generations of aviation and outdoor recreational use. To provide educational programs and training materials related to the science and art of motorless flight. Provide flying equipment and facilities to assist in the promotion and education of students, pilots, youth organizations and the general public related to motorless flight and public safety. To encourage, promote and provide for the training of knowledge, skills and practices of motorless flight. To study and research the scientific techniques of Soaring in the meteorological condition in the local area of the organization and to make these findings available to the public. To provide enhanced opportunities for motorless flight by facilitating oeprations in close proximity to the uniquely favorable Soaring conditions in Franconia, new hampshire.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2864631) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 20 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $247K a year · 77% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
89%
of spending
89% of spending went to programs.
Pt IX · Ln 25 · col B
0.2 mo
of spending, in cash
Plus $10K in investments, Pt X · Ln 11–13
0.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$862K
44% of total assets
Liabilities are 44% of assets.
Pt X · Ln 26
Independent board members
7
of 10 voting members
7 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$270K
+105% vs prior year
Spent
$118K
To programs
89%
Net assets
$1.1M
By yearFY2021–FY2025
Revenue
$270K
FY2025▲ +105%
Tap a bar for its year
Revenue by fiscal year
FY2021$69K
FY2022$126K
FY2023$563K
FY2024$132K
FY2025$270K
Expenses
$118K
FY2025▲ +83%
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$41K
FY2024$65K
FY2025$118K
Net assets
$1.1M
FY2025▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2021$294K
FY2022$388K
FY2023$890K
FY2024$957K
FY2025$1.1M

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2017.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $105K Management & general 11% · $13K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Airport Mana
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Pres/Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Franconia Soaring Foundation INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II3 listed

Programs and updates

Teaches and promotes motorless flight through education, training, and access to equipment.

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2 programs · $105K · in their own filed words · FY2025
01

To maintain an airfield in franconia, NH for the organization to utilize in efforts to continue their mission of training and education of the art of motorless flight, while preserving the franconia airport for future generations of aviation and recreational use.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2864631) · Dispute this line
$97Kprogram expense
02

Training and Education

Aviation stem student introductory flights, with ground and flight instruction, and adaptive day introductory flights for disabled individuals to enhance the public knowledge of the art and science of motorless flight.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 81-2864631) · Dispute this line
$8Kprogram expense

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 · FY2024
Total grants receivedfrom 1 funder$20K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$270K
Ln 12
Gifts and grantsLn 1h$247K
Fees for servicesLn 2g$16K
Other incomeLn 4–11$8K
Money outPt IX
$118K
Ln 25
Programscol B$105K
Managementcol C$13K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$2.0M
LiabilitiesLn 26$862K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$247K
Government grantsLn 1e$185K
Noncash giftsLn 1g$21K
Fees for servicesLn 2g$16K
Other incomeLn 4–11$8K
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Accounts receivableLn 4$111K
Land, buildings, equipmentLn 10c$1.8M
InvestmentsLn 11–13$10K
Total assetsLn 16$2.0M
LiabilitiesLn 26$862K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
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 FY25End FY25
Cash and savingsLn 1–2$35K$2K
InvestmentsLn 11–13$10K
Land, buildings, equipmentLn 10c$1.6M$1.8M
Total assetsLn 16$1.6M$2.0M
LiabilitiesLn 26$652K$862K
Net assetsLn 32$957K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$586$586
Office expensesLn 13$937$937
Information technologyLn 14$366$366
OccupancyLn 16$9K$9K
InterestLn 20$29K$29K
Depreciation, depletion and amortizationLn 22$41K$41K$389
InsuranceLn 23$6K$5K$593
Other expenses (24a–d)Ln 24$7K$6K$2K
All other expensesLn 24e$2K$1K$683
Total functional expensesLn 25$118K$105K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 31, 2026 $270K$118K$152K$1.1M 990 PDF
FY2024Filed with the IRS Nov 17, 2025 $132K$65K$67K$957K 990 PDF
FY2023Filed with the IRS Aug 1, 2024 $563K$41K$522K$890K 990 PDF
FY2022Filed with the IRS May 22, 2023 $126K$388K 990 PDF
FY2021Filed with the IRS Apr 14, 2022 $69K$294K 990 PDF

Schedules filed Part IV

A · Public support B · Donors D · Assets and endowments L · Interested persons O · Explanations
See the full FY2025 990
Part I · Summary $270,297 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $107,741$246,844
I-9 Program service revenuePrior year $13,530$15,555
I-10 Investment income$0
I-11 Other revenuePrior year $10,401$7,898
I-12 Total revenuePrior year $131,672$270,297
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $64,531$117,823
I-18 Total expensesPrior year $64,531$117,823
I-19 Revenue less expensesPrior year $67,141$152,474
Part VI · Governance 7 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $270,297 across 8 lines filed
VIII-1e Government grants$185,315
VIII-1f All other contributions, gifts and grants$61,529
VIII-1g Noncash contributions (included above)$20,584
VIII-1h Total contributions, gifts and grants$246,844
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,555$15,555
VIII-8 Net income from fundraising events$7,833
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $65$65
VIII-12 Total revenueRelated to mission $15,620$270,297
Part IX · Statement of functional expenses $117,823 across 12 lines filed
IX-11b Legal feesManagement $2,203$2,203
IX-11c Accounting feesManagement $5,210$5,210
IX-11g Other fees for servicesPrograms $14,417$14,417
IX-12 Advertising and promotionManagement $586$586
IX-13 Office expensesManagement $937$937
IX-14 Information technologyManagement $366$366
IX-16 OccupancyPrograms $8,970$8,970
IX-20 InterestPrograms $29,003$29,003
IX-22 Depreciation, depletion and amortizationPrograms $40,564 · Management $389$40,953
IX-23 InsurancePrograms $5,317 · Management $593$5,910
IX-24 Other expenses (24a–d)Programs $5,550 · Management $1,855$7,405
IX-24e All other expensesPrograms $1,180 · Management $683$1,863
IX-25 Total functional expensesPrograms $105,001 · Management $12,822 · Fundraising $0$117,823
Part X · Balance sheet $1,971,450 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $34,654$2,171
X-4 Accounts receivable$111,031
X-10c Land, buildings and equipment, netStart of year $1,574,356$1,847,990
X-11 Publicly traded securities$10,258
X-16 Total assetsStart of year $1,609,010$1,971,450
X-17 Accounts payable and accrued expenses$248
X-22 Loans from officers and insidersStart of year $255,700$350,999
X-24 Unsecured notes and loans payableStart of year $395,851$510,270
X-26 Total liabilitiesStart of year $651,551$861,517
X-27 Net assets without donor restrictionsStart of year $957,459$1,109,933
X-32 Total net assets or fund balancesStart of year $957,459$1,109,933
X-33 Total liabilities and net assetsStart of year $1,609,010$1,971,450
Part XI · Reconciliation of net assets $1,109,933 net assets at year end
XI-1 Total revenue$270,297
XI-2 Total expenses$117,823
XI-3 Revenue less expenses$152,474
XI-4 Net assets at start of year$957,459
XI-10 Net assets at end of year$1,109,933

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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